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

[Forexmospherian]

1 30 pm

News on US dollar and Canadian dollar

Dont trade the Cad and the EU so far not really moved much - although EJ dropped now 15 pips

Updated EJ chart for US session

 

[Forexmospherian]

thinl i just missed a beauty of a sell. will loook for retrace eu

My sell was on the EJ

Check out 1 21 PM and then 1 30 pm news effect

 

[Forexmospherian]

Back a bit later GL

 

[klw]

here is the other side of the ticket
nu spread atm is 0.8
do you think i am paying too much commission?

Hi M. Only just seen this. I wouldn't worry about a few cents here or there when you are trading a 1 lot , besides rate seems reasonable for a retail trader and 0.8 spread is good as well. Lmax are well recommended.

 

[MajorMagnuM]

eu. low came in at 3pm. then hh hl in window,but trapped by 2662 atm. mid term structure lr bullish, long term lr bearish below 74 imo.
55 the floor

 

[DowJones]

here is the other side of the ticket
nu spread atm is 0.8
do you think i am paying too much commision?

Hi M. Only just seen this. I wouldn't worry about a few cents here or there when you are trading a 1 lot , besides rate seems reasonable for a retail trader and 0.8 spread is good as well. Lmax are well recommended.

Hi MM,
Not to sound like an LMAX salesman, but klw is correct. With LMAX you have probably the best cost structure available to a retail fx trader. (I've done quite a bit of research on this topic as it affects my bottom line). And at a later date, when you're trading size, you can ask your LMAX account rep for a volume discount Hope it's all going well. Cheers, DJ.

 

[klw]

eu. low came in at 3pm. then hh hl in window,but trapped by 2662 atm. mid term structure lr bullish, long term lr bearish below 74 imo.
55 the floor

Hi M. 48 is still the target for me on eu , the moves away from it are just too weak atm , all I see is bull traps and I'll be surprised if it survives but I have been known to get it wrong before lol.

 

[MajorMagnuM]

i swear eu just had 0.0 spread for a femto second lmax

 

[MajorMagnuM]

Hi M. 48 is still the target for me on eu , the moves away from it are just too weak atm , all I see is bull traps and I'll be surprised if it survives but I have been known to get it wrong before lol.

55 was interim . 48 now nice one

 

[DowJones]

i swear eu just had 0.0 spread for a femto second lmax

Yep it happens a bit in the real market. Not just EU. Have had a few trades where my combined spread & commish is like 0.6 pips lol. Add in split-second execution and watch the P&L turn green - it just amazes me so few people seem to want this advantage... still their loss.

 

[Forexmospherian]

Hi M. 48 is still the target for me on eu , the moves away from it are just too weak atm , all I see is bull traps and I'll be surprised if it survives but I have been known to get it wrong before lol.

I notice so far EU low today at 3646 - and its lasted well over 30 mins so far

Trouble is any scalp buy I take needs over 58 to be confirmed or held on

3745 to 3760 is like a BTTZ now - 15 pips and too tight - but brilliant for teasing all and sundry

 

[Forexmospherian]

EJ - 1 Min LR chart for main part of today

Not pretty - but pretty boring so far for first part of the US session

 

[MajorMagnuM]

Some garden pictures

 

[MajorMagnuM]

I bet he cant do a figure 8 too

 

[MajorMagnuM]

I notice so far EU low today at 3646 - and its lasted well over 30 mins so far

Trouble is any scalp buy I take needs over 58 to be confirmed or held on

3745 to 3760 is like a BTTZ now - 15 pips and too tight - but brilliant for teasing all and sundry

if eu turns here we have to deify F

 

[MajorMagnuM]

it just made 56

 

[MajorMagnuM]

ps the snail had made a pretty good 7 if anyone did not notice

 

[MajorMagnuM]

51 is support ( horiz and dynamic)

 

[MajorMagnuM]

two songs off the first album i ever bought. i cant have been more than 12 or so

 

[MajorMagnuM]

if this carries on down and reverses from 563, it means that for every 75 ish minutes, F's predicitons err by a pip.
EU