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

[Geofract]

Moved stop on long to 1.1297 - it's a free trade now due to scale out earlier.

 

[Forexmospherian]

Amazing - UCad been a scalp buy as well to me

UCad

Comment made to NVP approx 2 hrs ago

Ucad now made another high for day at 2260

We have Cad Dollar news also in next hour - so this might have been a pre news set up

 

[Forexmospherian]

scaled out 66% for +4.2 on EU - remaining 33% left on from 1.13057

Don't think I am making any great claims here. First time scalp, on demo. No way am I scalping with cash until/if I can master this

Major Magnum took a good 3 months to get into scalping - and then since then gone from strength to strength

It takes time and you will have rows of losses at time - but once you have done a few hundred etc - then you will get the timing etc etc a lot better

Wise to stay with demo first with scalping then go with micro lots or whatever so a really good session you only win say $20 - 30 - but even if you have 10 losses on a row - you dont lose more than say $20 - then at least you get the real live emotion effect as Fugazsy says - as a different ballgame again

 

[Fugazsy]

done, I think I learned something new from you guys in the last couple of day.....Grazie.

Have a nice weekend.

Fug.

 

[Forexmospherian]

EU

12 55 pm

Looks like after Midday we have now seen the HL and HH on the EU

ie low 1291/ 2 and HH at 1319 ish

We have the Cad news at 1 30 pm but on my LR chart I can see a lot of supports forming from 1290 to 1300

We know we can sell again under 1290 / 88 say - but then 1280 is also a very strong support level - so to hold sells on we need under 1288 and under 1275 etc

Meanwhile - pullbacks staying above 1300 / 02 are scalp buy opportunities again

 

[Forexmospherian]

done, I think I learned something new from you guys in the last couple of day.....Grazie.

Have a nice weekend.

Fug.

Same to you Fugazsy


Regards


F

 

[Geofract]

scaled out 66% for +4.2 on EU - remaining 33% left on from 1.13057

Don't think I am making any great claims here. First time scalp, on demo. No way am I scalping with cash until/if I can master this

I closed for -1 on the remainder. I could have had +10 ish - stupid really - but learning.

 

[Forexmospherian]

I closed for -1 on the remainder. I could have had +10 ish - stupid really - but learning.

With scalping - its take profit when you can and then use part stakes etc to leave on with stops in profits etc

You can also pyramid and peel - by scalping in both directions as well

Keep your stops tight etc and remember anything from 7 -25 pips is good as then RR's of 2 to 4+ on each trade

If a move does not make 7 pips - only say 4 pips - i would take profit rather than take a minus 2 or minus 5 loss

It will come - thats for sure

 

[Forexmospherian]

Trickery and manipulation etc kicking in ready for the Cad news etc

Whether it will be used to get the EU / GU etc out of ranges - I dont know - but that move on EU just after 1 09 pm - for me was a false manipulated move - but then - most moves on EU are false ;-)

 

[Forexmospherian]

UCad

1 20 pm

With news just 10 mins away - another new high - now made 2277 - and it been my best 30% stake buy from after 10 00 am

Will exit before news - to be safe

 

[Geofract]

Thanks for the advice F.

Little and often is the order of the day in general it seems. Too often in my trading I think I am on a home run, which is truly crazy. Just shows lack of experience.

 

[Forexmospherian]

1 29 pm

Red Cad news next - no US dollar news atm

spikes staying above 2245 are still buys again - its under 2230 and 2215 a sell off happening

 

[Geofract]

EU M5 TL break. 1.3 holding after repeated tries.

 

[MajorMagnuM]

cant get more than 7 pips today ( off a trade)

 

[Forexmospherian]

Thanks for the advice F.

Little and often is the order of the day in general it seems. Too often in my trading I think I am on a home run, which is truly crazy. Just shows lack of experience.

If you check out MM's results - hes very consistent with a win ratio normally over 80% on multi trades

With me I rarely do over 20 scalps a day - and I can some days have say 5 bad trades - and still do 150 + pips - and then other days - i might just have 2 bad trades and struggle to make 70 pips


I make sure I am out poor trades ASAP and then try and let runners go with 30% stakes and stops in profits etc etc

It will come - but its a chore and a slog - but as you are fully aware - its all possible ;-)

 

[NVP]

nope usd wont lie down

back later

have been eating humble pie and buying usd since aboves posts earlier

..........its much easier than telling the tide to turn around

N

 

[Forexmospherian]

Ucad

2290 - it spiked under 45 briefly - just to stop hunt - the bar stewards lol

 

[MajorMagnuM]

If you check out MM's results - hes very consistent with a win ratio normally over 80% on multi trades

With me I rarely do over 20 scalps a day - and I can some days have say 5 bad trades - and still do 150 + pips - and then other days - i might just have 2 bad trades and struggle to make 70 pips


I make sure I am out poor trades ASAP and then try and let runners go with 30% stakes and stops in profits etc etc

It will come - but its a chore and a slog - but as you are fully aware - its all possible ;-)

yes hard work today

 

[Forexmospherian]

have been eating humble pie and buying usd since aboves posts earlier

..........its much easier than telling the tide to turn around

N

Hi N

its a funny day - but its a Friday with not much news and so much uncertainty - I reckon - the Europeans have been taking it easy

Lets hope the US are fired up for a busy session next

Regards


F

 

[Forexmospherian]

Seen whats happened to EU / EJ / GU from after Midday and after 1 21 pm etc