Forexmospherian
Legendary member
- Messages
- 39,928
- Likes
- 3,306
Tuesday 19th August 2014 - Pre Opens
Good Morning FX Intraday Traders.
At least we have some red news announcements today - 9 30 am with the Pound / GU and then at 1 30 pm on the US Dollar
Normal stuff for a start - ie a quick review and update on the main 4 -6 pairs I plan to intraday trade today. I am no longer limiting myself to just 6 pairs - I will cover up to even 9 -11 pairs over the week - but concentrate on the pairs that might be more applicable to the days news items - ie like the GU and GJ this morning - and even the GA if it looks possible that it will be a good mover.
Everyday - I will stick with the core pairs - such as EU and GU and my 2 favourites - EJ and EA - and at least one of the UJ / UCad or Swissy.
I will not be in more than 3 scalps at the same time - ( 1 or 2 no problem ) but have no problem having 3 or 6 30% stake trades (NPGT's) on - as their stops will already be set in small profits - so I am not exposed to more risk - and so no stress or emotions attached to then - ie they can be set and forget in a sense.
All trades have to start with stops under 7 pips on any pairs - and with low spread ones 3-5 pips including spreads are fine.
Targets - any profits - ideally 7 -25+ pips within 30 mins - although if we dont get to 7 pips - I take 4 or 2 pips profit - rather than go into a negative position ( loss )
Normally between 10 and 20 trades over a full day of 8 -12 hrs - and in slow or dull periods - i only check approx 12 -15 mins every hr
Finally - in busy periods if we have 3 or more traders commenting - dont forget to refresh page every 30 seconds to see all the comments
Have a good day
Regards
F
Good Morning FX Intraday Traders.
At least we have some red news announcements today - 9 30 am with the Pound / GU and then at 1 30 pm on the US Dollar
Normal stuff for a start - ie a quick review and update on the main 4 -6 pairs I plan to intraday trade today. I am no longer limiting myself to just 6 pairs - I will cover up to even 9 -11 pairs over the week - but concentrate on the pairs that might be more applicable to the days news items - ie like the GU and GJ this morning - and even the GA if it looks possible that it will be a good mover.
Everyday - I will stick with the core pairs - such as EU and GU and my 2 favourites - EJ and EA - and at least one of the UJ / UCad or Swissy.
I will not be in more than 3 scalps at the same time - ( 1 or 2 no problem ) but have no problem having 3 or 6 30% stake trades (NPGT's) on - as their stops will already be set in small profits - so I am not exposed to more risk - and so no stress or emotions attached to then - ie they can be set and forget in a sense.
All trades have to start with stops under 7 pips on any pairs - and with low spread ones 3-5 pips including spreads are fine.
Targets - any profits - ideally 7 -25+ pips within 30 mins - although if we dont get to 7 pips - I take 4 or 2 pips profit - rather than go into a negative position ( loss )
Normally between 10 and 20 trades over a full day of 8 -12 hrs - and in slow or dull periods - i only check approx 12 -15 mins every hr
Finally - in busy periods if we have 3 or more traders commenting - dont forget to refresh page every 30 seconds to see all the comments
Have a good day
Regards
F
