Intraday Live short term trading calls from an Expert Retail Forex Trader

[Forexmospherian]

EU

6 27 am

atm price is around 1121 and for me in terms of the 1 min PS for the Opens - the pair favours higher and a try above 1134 and 40 - BUT - initially - its been a scalp sell at 1125/6

Overnight it tested down to 1190 after a low of 1163 yesterday and a HL of 1070/71.

I have a nice TL from 1170 to 1193 and extrapolated up and basically whilst price stays above this dynamic support - we should carry on up and test 1135 / 40 again

First obstacle above is 1128 and 30 - then 35 and 41

To look at holding a scalp sell on longer I really need price to drop under 1113 and 1107 and then price might fall and test the interim supports at 1100

EU

7 07 am

Shame - missed the fall under 1115 and 1113 and 1107 down to 1096 ;-((

Did get the GU and EJ though

EU for me now is no longer in it bullish PS whilst under 1122 and 1110

This can all change again next hour - but for now under those prices - then we should test lower supports again at 1190 and 1170 - in theory

 

[Forexmospherian]

7 22 am

So far 38 pips in total - of which only 3.6 pips off the EU - the main pips coming from EJ and GU

Its not been a nice last hour really - I know we had 3 nice falls in the end - but not as good a many mornings pre LO

I have not scalp bought from the lows - as already taken too many scalps this morning - but notice again the EJ and GU have been moving more than the EU

 

[Forexmospherian]

As mentioned - out soon and not back to near 9 00 am

Remember 2 red news announcement at 8 00 and 8 30 am

EU needs over 1122 - 35 and 45 to be holding any scalp buys on for a trip up higher

Under 1121 and 1110 the PS favours lower - but then we need 1090 and 1070 to let go

GL - see you later

 

[Fugazsy]

GM F and Co

 

[Fugazsy]

Guys.......Just to be a bit clear here....When we claim our pips if we cover 50% @ +6 pips and the last 50% @ +60, we have not made 66 pips but only 33.....

EDIT: or if with cover 10 times, we have not made 10 trades but only one

 

[Cubed]

morning

 

[Fugazsy]

Good Morning,

I had another good trade this morning, caught the bearish move from 7:24 after it touched 50% and 61.8% retracement cluster within the time window. See chart attached.

good trade..... I have the same...

 

[Fugazsy]

good trade..... I have the same...:)

chart... Have a good session and many green pips...

 

[Cubed]

looking at EU for a potential swing up for a good hundred pips at least. There is more potential payoff to the downside though

 

[NVP]

morning guys .......

nice morning on EU...........up about 100 pips so taking a break ..also testing a few more tweaks to ease that trigger finger I have

http://www.trade2win.com/boards/for...-basic-ideas-strategies-1646.html#post2545984

N

 

[NVP]

EU

7 01 am

Missed it dropping under 1113 - but at least in EJ fall at 30% stake

luckily I didn't ................

F's time window approach is spot on .............I really really like the 5-6 mins before and after the 30min bar opens...especially the 1 hour bars

N

 

[NVP]

looking at EU for a potential swing up for a good hundred pips at least. There is more potential payoff to the downside though

so what are you saying dude - it might go up or down ?.....

 

[Forexmospherian]

luckily I didn't ................

F's time window approach is spot on .............I really really like the 5-6 mins before and after the 30min bar opens...especially the 1 hour bars

N

Morning N and Guys

Was not back in time for 8 30 am news and 8 39 am rises again

Shame - looks as though they were waiting for news releases to get back in the bullish PS above 1112 and 1122 +

Around for an hour or two now

 

[Cubed]

so what are you saying dude - it might go up or down ?.....

lol, yeah, both ways are good for me

 

[Forexmospherian]

Will post a few charts etc and a few ideas for what might be next in a bit

 

[Forexmospherian]

Guys.......Just to be a bit clear here....When we claim our pips if we cover 50% @ +6 pips and the last 50% @ +60, we have not made 66 pips but only 33.....

EDIT: or if with cover 10 times, we have not made 10 trades but only one

Yes - would agree

In theory my daily target of 50 pips was always based on 100% stakes originally on 6 lots - so the theory being money wise - was after a target of $3k per day

That's the theory

In practice I have days I do 140 pips - with many on part stakes and not make $2k and then other days - I do get only 70 pips - but with more at 100% stakes and I do make over $2500 in a full day

I dont count say 4 entries and exits all within say 1 hr on one pair as 4 trades - only really 1 trade but with just pyramidding and peeling going on

Dont worry how you count them - as long as they are in the black ( or green profitable pips ) and whether you make 50 cents a pip or $100 a pip - as long as you are happy with your own money management system and make consistent money - that's all what really counts

 

[Cubed]

this is what i am looking at to the upside. There is a bit in the way to the downside at this level.

red line entry (could also move)
stop somewhere by the bottom green (note, it wont be 20 pips as it is showing in the image)
target top green

 

[Forexmospherian]

EU - From 7 30 am and after 2 news releases at 8 am and 8 30 am

EU

1 Min LR chart

My Price structure said above 1112 - 1122 and then over 1136+ it was bullish

Under 1110 and 1100 - it was bearish

 

[Fugazsy]

Yes - would agree

In theory my daily target of 50 pips was always based on 100% stakes originally on 6 lots - so the theory being money wise - was after a target of $3k per day

That's the theory

In practice I have days I do 140 pips - with many on part stakes and not make $2k and then other days - I do get only 70 pips - but with more at 100% stakes and I do make over $2500 in a full day

I dont count say 4 entries and exits all within say 1 hr on one pair as 4 trades - only really 1 trade but with just pyramidding and peeling going on

Dont worry how you count them - as long as they are in the black ( or green profitable pips ) and whether you make 50 cents a pip or $100 a pip - as long as you are happy with your own money management system and make consistent money - that's all what really counts

F

I know what you mean but can be misleading and give to traders the wrong perception of reality and possibility, if I cover 70% at +5 pips and 30 % at 100 pips, I have not made 100 pips but much much less.. also if I cover 10 time I have not made 10 trades but only one...other wise looks like I am a great scalper...but in reality I just made one trade.

 

[Forexmospherian]

this is what i am looking at to the upside. There is a bit in the way to the downside at this level.

red line entry (could also move)
stop somewhere by the bottom green (note, it wont be 20 pips as it is showing in the image)
target top green

Morning Cubed

This is where I find interim levels and prices so important

On Eu this morning key prices being 1122 for me and then under 1115 and 13 lower and over 1122 and 35 and 40 - bullish

Have a good day and please carry on sharing your charts and thoughts

All the best


Regards


F