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

[Forexmospherian]

2 30 pm

EJ cannot make over 147 16 - and EU LH at 2212 from 14 and now testing supports

Cannot hold scalp buys for now

 

[Forexmospherian]

Gotcha. I think I used to trade with a lot more fear and that led to fear of entries.

If you had taken the long on EU at 9EST window, how would you have exited. I marked 2 possible outcomes. Your thoughts here appreciated.

Thanks

J

EU

2212 was the LH

so exit anything from 2207 to 12 - ie you try and get at least 2- 5 pips off a scalp

Nowunder 2209 is a scalp sell cnfirmed at 2208 LH

Need 96 /98 to hold

 

[jfw215]

Yes

I do use tick charts anything from 5 -10 seconds or from 13 to 34 tick - I call all FX charts under 1 min - tick charts and got slaughtered for it ;-)

LR's work on tick charts with time and levels

I dont mind any tick chart and when pure scalping - use it in preference to a 1 minute with different LR settings

I see. I used to use the 5 second chart before, when I first learned to trade index futures. I tended to over trade when using it (jumping in too early in calling reversal trades). Maybe this would be a good thing to use only at key areas. For now I will stick to 1min and maybe 34 tick charts. thanks.

 

[Forexmospherian]

Also on my EU chart 2211/12 was at 2 09 pm - end of TW and saying buy over

 

[jfw215]

EU

2212 was the LH

so exit anything from 2207 to 12 - ie you try and get at least 2- 5 pips off a scalp

Nowunder 2209 is a scalp sell cnfirmed at 2208 LH

Need 96 /98 to hold

Ok that makes sense and would be how I imagine you would manage the trade. The part that might scare me and other traders out would be to scratch the trade after it takes off for 2 pips and comes back and tests the entry (marked A in the prior chart)... I guess I have to learn to sit through that first tiny retracement.

 

[Forexmospherian]

It takes a few hundred scalps to get into the time swing etc

I have said to MM he needs now over 2000 live scalps to move up on to larger lot sizes

I think he has done over 2500 scalps on demo trades - and now over 1000+ scalps on live accounts

 

[Forexmospherian]

EU

2 39 pm

I will look for more scalp buys in the 2191 to 95 price window next

i would need price to fall under and 90 to hold sells on longer

 

[jfw215]

Also on my EU chart 2211/12 was at 2 09 pm - end of TW and saying buy over

good point there. I didnt notice that. so you would normally expect price to follow through after time window to confirm if the trend is intact?

 

[Forexmospherian]

EJ

2 41 pm

Looks stronger than EU

Yen weaker than dollar maybe

still cannot make over 147 16 - but now need under 147 08 and 04 to be holding scalp sells on

 

[jfw215]

EU

2 39 pm

I will look for more scalp buys in the 2191 to 95 price window next

i would need price to fall under and 90 to hold sells on longer

Did you take a EU short in the last 1/2 hr? When you say I would need price to fall under 90 to hold sells, it makes me think that you are in a short position.

 

[jfw215]

EJ

2 41 pm

Looks stronger than EU

Yen weaker than dollar maybe

still cannot make over 147 16 - but now need under 147 08 and 04 to be holding scalp sells on

Are you still holding onto that 30% for EJ long? looks like it broke through nicely even though EU retraced quite a bit.

 

[Forexmospherian]

EJ

3 hour later from this comment

Price now at 147 00 and we need over 147 05 and 08 to stay with any scalp buys

Would only exit 30% buy stake under 91

EJ

comment from over 75 mins ago

Scalp bought it again at 100% over 05 and at 147 09

Exited all but kept original 30% buy on over 91

We stayed above 146 05 /06 and so far made now 22

i will exit 30% original stake if we drop under 147 11 now

 

[Forexmospherian]

Notice GU got good supports at 5530 -35 area

If it stops there - and tries turn up - then EU will stay above 2291/93 and try up again

If both go under supports then forget scalp buys for now

 

[Forexmospherian]

EJ

For me now - if we try above 22 will exit 30% stake with larger profit

If we drop under 147 11 - then exit with just 15 or 16 pips

 

[jfw215]

EJ

comment from over 75 mins ago

Scalp bought it again at 100% over 05 and at 147 09

Exited all but kept original 30% buy on over 91

We stayed above 146 05 /06 and so far made now 22

i will exit 30% original stake if we drop under 147 11 now

F,

Are the 05 and 09 buys the ones I marked in the 2 boxes in the attached charts (9est window and 930est window)? If so, how did you exit those 2 trades? both retested entry quite early after what could have been LHs and I would probably have scratched both trades for breakevens.

thanks

J

 

[Forexmospherian]

2 59 pm / 3 00 pm was the change on EJ and EU - with further falls

Cannot scalp buy either atm

 

[jfw215]

EJ

For me now - if we try above 22 will exit 30% stake with larger profit

If we drop under 147 11 - then exit with just 15 or 16 pips

looks like EJ was an exit. GU also broke down.

I feel like I lost focus after the first hour or so. Haven't marked any trades. Perhaps I tend to get too conservative after a win.

 

[Forexmospherian]

F,

Are the 05 and 09 buys the ones I marked in the 2 boxes in the attached charts (9est window and 930est window)? If so, how did you exit those 2 trades? both retested entry quite early after what could have been LHs and I would probably have scratched both trades for breakevens.

thanks

J

i exited both at 11 /12 after not making over 2214

If you look back - 2214 was a target and I needed above there to hold scalp buys on longer

If we had made say 16 + would have held another 30% on then

 

[Forexmospherian]

EU

2212 was the LH

so exit anything from 2207 to 12 - ie you try and get at least 2- 5 pips off a scalp

Nowunder 2209 is a scalp sell cnfirmed at 2208 LH

Need 96 /98 to hold

Also on my EU chart 2211/12 was at 2 09 pm - end of TW and saying buy over

EU

2 39 pm

I will look for more scalp buys in the 2191 to 95 price window next

i would need price to fall under and 90 to hold sells on longer

Yes

You were correct under 2209 I scalp sold - wanted to scalp buy at 91 -95 area - but could not - ( lrs still over saying down still ) amd it dropped under 90 to 87

I have exited all of scalp sell now at 90 - so 18/19 pips on EU sell

 

[jfw215]

i exited both at 11 /12 after not making over 2214

If you look back - 2214 was a target and I needed above there to hold scalp buys on longer

If we had made say 16 + would have held another 30% on then

Did you mean not making over 147.16? both those trades were on EJ right?