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

[Forexmospherian]

EU - got next supports in the 3520 -40 area - be nice if we bounce and are able to get another scalp sell under 3570

 

[mike.]

Im in the process of trying out a scalping strat, i just need to swap brokers from SB to NDD to start on a level ( ish ) playing field.

 

[Forexmospherian]

AU - yes - need 8760 area holding and then 78 and 82 for higher
EA - 30 -40 a;; interim support areas

 

[MajorMagnuM]

closed remaining au for 11 pips

 

[Forexmospherian]

EU - 43 low for now 45 a HL and scalp buy needing 63 and 57 to hold on

 

[Forexmospherian]

closed remaining au for 11 pips

nice - its been a another good day today

 

[MajorMagnuM]

and sold au, i know outside of tw

 

[Forexmospherian]

Im in the process of trying out a scalping strat, i just need to swap brokers from SB to NDD to start on a level ( ish ) playing field.

We will get you sorted Mike - no problem

 

[Forexmospherian]

EU now needs 51 with 44/45 holding

 

[MajorMagnuM]

nice - its been a another good day today

F, just want to make an observation that may help others learning your kung fu. Ive tried many times and still do, to take it apart component wise, but there is something that this deconstructive approach does not reveal.
I am beginning to interpret the "whole picture" aspect of the task at hand. Its kinda slowly revealing itself, albeit painfully slowly

 

[Forexmospherian]

Gu similar to EU needs 92 and 95 to hold any scalp buys on

 

[MajorMagnuM]

F what time r u starting tomorrow. i can do early tomorrow if u r up for it

 

[Forexmospherian]

F, just want to make an observation that may help others learning your kung fu. Ive tried many times and still do, to take it apart component wise, but there is something that this deconstructive approach does not reveal.
I am beginning to interpret the "whole picture" aspect of the task at hand. Its kinda slowly revealing itself, albeit painfully slowly

Every 100 scalps - you will fine tune and improve - but always remember you cannot be 100% accurate and a BT area will catch you out for minus 2 - 7 pips every now and again

 

[MajorMagnuM]

look at uc for a sell?

 

[MajorMagnuM]

9040 has to go first

 

[MajorMagnuM]

it held

 

[Forexmospherian]

F what time r u starting tomorrow. i can do early tomorrow if u r up for it

Yes OK for 6.30am in morning like this morning - but do have a school run a t 8am for 40 mins

 

[Forexmospherian]

Notice Swissy just done another high at 9048 - but pulling back again - so will help EU try over 52

 

[MajorMagnuM]

ok gotta go eat. Dumping this account and starting afresh tomorrow. This acc got to 60% in two sessions but was invalid as 3k of that was from a position that went bad and i did not close it. it came back good but made acc unrealistic ( as do the charges from fxpro.) i got a email from them wanting to know exactly what the problem is. I have illustrated to them that their charges result in ridiculous imbalances between identical trades. ie 7 pip loss on same vol loses 300% or so of a 7 pip win; i dont think they see that as a problem!

 

[Forexmospherian]

ok gotta go eat. Dumping this account and starting afresh tomorrow. This acc got to 60% in two sessions but was invalid as 3k of that was from a position that went bad and i did not close it. it came back good but made acc unrealistic ( as do the charges from fxpro.) i got a email from them wanting to know exactly what the problem is. I have illustrated to them that their charges result in ridiculous imbalances between identical trades. ie 7 pip loss on same vol loses 300% or so of a 7 pip win; i dont think they see that as a problem!

Have they not come back saying it leverage or some other excuse

Dont worry though you can get a far better deal and if you can make 30% +in a day with their costs think what you will do with a proper deal

See you a bit later on MM