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

[MajorMagnuM]

gotta laugh.gross profit 37.36
net profit 24.36
commision -6.50
about 7 quid missing in conversion charges???????????

 

[MajorMagnuM]

currently viewing

 

[MajorMagnuM]

so blow thru or down?

 

[MajorMagnuM]

gu needs to break 69 71 ideally in 2 or 3 mins to carry on down i think.

 

[MajorMagnuM]

Gotta love this

row five, trade ID 139900388. net GBP 9.87. VOL300K GROSS GBP 48.87 COMMISSION -39
. PIPS gained 2.7

Row seven, trade ID 139900513 NET GBP -29.89 VOL 100K GROSS GBP-16.89 COMM -7.84
PIPS gained -2.8

 

[klw]

klw, this is probably wrong, but this is how i see it in retrospect(no way do i pick these out live!

Thanks MM well drawn out chart. Why don't you pick them this way live ? Trend line breaks are a good signal if you know what you're looking for.

Cheers.

 

[MajorMagnuM]

yes its just all the juggling. i will get better.

 

[Forexmospherian]

Thursday 23rd January 2014 - just after 7 00am UK time

Morning Traders

Quick review on some of the key forex pairs I normally trade -

EU - price at 3549 and stuck in a fairly tight range. 3517 - 35 being the supports areas and 3580- 85 being R. Currently scalp bullish - but needs over 53 and 56 to take or hold scalp buys on with 40 -42 being the line in the sand for now

UChf - made 9134 around midnight - but now dropped approx 30 pips and is currently bearish under 20 and 17.

GU - made 6587 and this morning price fell back to 6556 - currently scalp bullish above 60 with R's at 70 to 74

More to follow - out just prior to LO at 8.00am but back in that hour

Have a good day

Regards

F

 

[Forexmospherian]

Thank you for the in-depth reply F.

I was aware of the hourly impact on trading, not so much the half hourly , I really just wanted to hear your explanation.

The 72 I was more interested in , I don't understand the

" PS - 72 was under a previous LH to previous 74 "

If you have any time could you please clarify ?

Thanks for the offer of further explanations maybe I just will ask.

Cheers for now.

Morning KLW

Sorry - the relevance of the 72 to the 74 was on a 1 minute candle chart. I do use a tick line chart as well - but with the candle making a LH and LL on the 1 min - that for me was just another confirmation clue. I also had the quick LR's starting to go over price at a R area and in the time window etc - so more additional clue as well

Have a good day

Regards

F

 

[Forexmospherian]

AU and EA - Au fell again in the Asian session down to just under 8800 and the EA rose back up to the 5400 - 5410 area - I will be keeping an eye on this pair this am session as EA still looks bullish to me

 

[Forexmospherian]

EJ - normally my favourite pair on a good day. Price fell from a 12.30am high of 141 92 - down to 141 23 - approx 70 pips in 5 hrs . Currently trying to stay above 25 support area - another pair i will be watching this AM

Under 141. 19 and 16 more scalp sells - over 40 and 46 back to scalp buys for 60 -65

 

[Forexmospherian]

Thursday 23rd January 2014 - just after 7 00am UK time

Morning Traders

Quick review on some of the key forex pairs I normally trade -

EU - price at 3549 and stuck in a fairly tight range. 3517 - 35 being the supports areas and 3580- 85 being R. Currently scalp bullish - but needs over 53 and 56 to take or hold scalp buys on with 40 -42 being the line in the sand for now

UChf - made 9134 around midnight - but now dropped approx 30 pips and is currently bearish under 20 and 17.

GU - made 6587 and this morning price fell back to 6556 - currently scalp bullish above 60 with R's at 70 to 74

More to follow - out just prior to LO at 8.00am but back in that hour

Have a good day

Regards

F

Good scalp start - only took scalps on 2 or the 3 pairs I mentioned here ( eu /uchf) - but up now 13 pips before I pop out .

Not leaving anything on atm - as nothing is really clear and by LO - all could change again - ( short term intraday wise that is )

 

[Forexmospherian]

I take my hat off to the market this morning

30 mins or so ago - it looked so boring - then within 15 mins - actions started and ....... "woosh" - EU now up 20 pips and Swissy down approx 30 pips

Shame I am off out for 40 mins - but that "trick" was a good one ;-))

 

[Forexmospherian]

As we come to the end of the half hr time window - time for an update

EU - up now nearly 100 pips -

EJ - up now approx 120 pips

GU - up now only 45 pips ( shame )

EA - up now similar to GU

Swissy - down now approx 90 pips

AU - down approx 40 pips - but bounced back up 25 pips

All this as happened in last 2 hrs - pre EO - it looked so boring and slow as well ;-)

I would have been happy with half those pips - but have not even hit my 50 pip daily target yet - as left nothing on just before I left on the 2 pairs I was trading.

So first mistake of the day

Why did i not leave 30% on in a free trade ??

Reason - Pre 8.00 am having approx 40 pips already in the bag was enough for me to say - play safe - you have the rest of the day still ;-)

But on a "free trade" with a stop in profit you cannot loose anyway - but you can give some of your winning back - so that was probably the reason really

Anyway - i was wrong in hindsight - I should have left 30% stake on - silly me ;-((

OK - let's see what next for the new hour - and I hope you all have some nice pips in the bag

 

[Forexmospherian]

GU - now at 6614 - yes 6614 - and still looking bullish atm - whilst other pairs are slowing down for a rest

Can only really look at scalp selling GU at 6605 and under 6600.

6615 does look an R for now - so only scalp buy more over say 6622 and 25

 

[Forexmospherian]

EU - R's at 3640-50 - only look at more scalp buys above 52 + I reckon but need under 22 and 18 to start scalp selling for 3610 area

 

[Forexmospherian]

Swissy - interim supports around 9030 area - need back over 48 and 52 to look at scalp buys

 

[Forexmospherian]

GU - now at 6614 - yes 6614 - and still looking bullish atm - whilst other pairs are slowing down for a rest

Can only really look at scalp selling GU at 6605 and under 6600.

6615 does look an R for now - so only scalp buy more over say 6622 and 25

Just over 10 mins after I posted this - we have just made 6600

Under 6600 next scalp supports around 6590-92

 

[Forexmospherian]

GU - 94 low for now - so 70% off at 30% stop at 6609

Might get stopped on that - as GU is a good bouncer when it wants to be ;-)

 

[Dinos]

Why did i not leave 30% on in a free trade ??

Sadly, we can't trade with hindsight, if we could, how different things would be !

You've got pips in the bag, there will be plenty of opportunities later, just a question F, you mentioned a daily target of 50 pips, do you stop trading when you get it or carry on?