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

[Forexmospherian]

GU - we need over 6307 and 6311 to think about any more scalp buys

EU - under 3603 - still in scalp sell bias

 

[Forexmospherian]

bad start for me. as usual, more good pips than bad, but the bad ones have taken more than the good ones made.

Personally - I think you try for too many scalps in a short time

My normal intraday trades are only 1 or 2 per hour. If I am just scalping - never more than 2 in a 30 min time gap - and if the market is teasing - as shown after GU drop - sit on those hands ;-)))

 

[Forexmospherian]

Notice EU high at 3618 - exactly on hour change at 9.00am

 

[Forexmospherian]

EU - for me - under 3603 still scalp sell bias and then over 3591 - scalp buy bias - so this could go into a bermuda triangle scenario - just to take some money off as all and sundry

 

[Forexmospherian]

OK it was the e/u short that got hit for 8 pips before I could close it. the 8 pips were at 200k vol, and many of the green pips on other trades were for lesser amounts. Is this an issue going forward. I.e I am always going to take full amount hits on losers but less than full amount gains on winners?

YES - you will if you play that game ;-)

Stay with consistent amounts of stake per first 10 trades whilst still at your stage and also grab over 70% as soon as you hvae 5 pips +

You are doing things all scalpers do - and then they have to learn the hard way

The next stage would be widening stops to say 10 or 15 - and then after that next stage - eventually - losing your account

Disciplines are just so important - and you need to practice so more - ie over another 100 scalps before moving onto next stages etc etc

 

[Forexmospherian]

A "bull in a china shop" springs to mind MM - only joking - your GU scalp sell was a classic great scalp. Then I think you thought you could get 5 more winning scalps in 15 mins ;-)))

 

[Forexmospherian]

yes afraid so. I am taurean!

Lol - That explains it all - I am capricorn - hard working so they say ;-))

 

[Forexmospherian]

and now 11

So when you review GU - then low at 8.58 at 97/8 and then over 6300 scalp buy and nio over 30 mins and no breach of low and high so far 11/12 - so whilst above 6300 then still a scalp buy - but you can only hold it if w ego over say 13 and not go under 6300.

Under 96 and 93 more scalp sells or hold any you might be in from under 6301

Hope that makes sense ;-)

 

[Forexmospherian]

MM - did you also notice UChf low also exactly on the hour 9.00am - that was then syncing up again

 

[Forexmospherian]

UC - need over 9054 and 57 to confirm its trying to turn up - if not then it will try low again

 

[Forexmospherian]

yes about 80% sense. after a coffee I will get the other 20%!
many more examples of these and in 24 months I will be good to go!

You are only 3 - 6 months away if you can carry on doing over 50 trades a week and you manage over 65% success rate on stops under 7 pips.

Then its just MM and free trades etc etc and adjusting to do it with real money

 

[Forexmospherian]

GU - we need to do over 6312 in the hr time window - otherwise that high as gone over 30 mins ;-)

 

[Forexmospherian]

Just coming up to 10.00 am UK hr change and EU slowly falling under 3603 and now its whether 95 -97 interim supports hold or not.

GU 6308 and if you have taken scalp buy from over 6300 - lock in 70% if we dont do over 11 in next 5 mins

 

[Forexmospherian]

All lining up after hr chnage - ie UChf makes over 9056 and GU does not make 11 and EU also falls to 92.

3 pairs there are scalp sync - UC up as EU and GU fall

 

[Forexmospherian]

Syncs might only happen 60 -80% of the time - like everything in forex trading - nothing is 100 % or black or white - theres a lot of grey area to understand

 

[Forexmospherian]

Syncs might only happen 60 -80% of the time - like everything in forex trading - nothing is 100 % or black or white - theres a lot of grey area to understand

At times the market really tries to hide its moves - so that 1 hr and 4hr traders dont spot whats actually happening.

My LRs still say EU and GU want to go up today and swissy down - so these present moves might only be 5 -20 pip moves - ie small waves in the Ocean ;-))

 

[Forexmospherian]

Notice we are still in the fakey tease moves

 

[Forexmospherian]

GU - I am trying to work out if 6302 is a HL now ??

 

[Forexmospherian]

I see its generally bullish but cant stop from getting chopped up. I think im forgetting four factors needed for every entry. Sorry, trying hard but sometimes get utterly spun round

Its like any skill - it just does not come dead easy and takes time study and lots of focus ;-))

 

[Forexmospherian]

EA - interesting pair last few hrs

Not so bullish as other crosses and now from 9,00 am it as dropped over 55 pips

Crikey - missed that one - apologies whilst focusing on EU / GU / EJ and swissy