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

[MajorMagnuM]

I did this on pure pa, without lr structure., i know it would have been easier and more accurate with lr added

 

[Forexmospherian]

EU

I have exited my 30% stake on buy now at 1339 - as think 50 might hold for longer as a high

Would scalp buy on 100% when we reach a good interim support - ideally above 1300

For now its still a scalp sell under 1343

 

[Forexmospherian]

I did this on pure pa, without lr structure., i know it would have been easier and more accurate with lr added

That's excellent if you can read it from pure PA - when PA agrees with LRs- I find it easier - but we are all different and so it's what suits you the best really

 

[Forexmospherian]

I also understand whilst you was annoyed on those 2 small losses at 1 10 pm now - still all the wins make up for them OK

 

[Forexmospherian]

I did this on pure pa, without lr structure., i know it would have been easier and more accurate with lr added

Also a approx 35% increase in a live account in only approx 2 hrs on low stakes its mega good

Trouble is other traders think it cannot be done - and say - its a lucky one off - lol

meanwhile - we carry on making money day in - day out ;-)

 

[Forexmospherian]

i take some profits

You know the EJ today had a fairly similar PS and movements to the EU - so you could have made another 35% increase on that at same time ;-))

 

[Forexmospherian]

Difference being EU up say 145 pips approx from low - EJ up 200 pips from low

 

[MajorMagnuM]

Also a approx 35% increase in a live account in only approx 2 hrs on low stakes its mega good

Trouble is other traders think it cannot be done - and say - its a lucky one off - lol

meanwhile - we carry on making money day in - day out ;-)

im now looking at the lr actin and am sure some of my entries would have been better. I just wanted to provide a view on what drawing sr on a continual basis is like for me. I realised recently that we both talk of pa and sr as two components and need to illustrate it more

 

[Forexmospherian]

EU

3 56 pm

Missed latest scalp buy after 3 39 and 3 51 pm - not in it and it looks like its another new high

Shame

 

[MajorMagnuM]

Also a approx 35% increase in a live account in only approx 2 hrs on low stakes its mega good

Trouble is other traders think it cannot be done - and say - its a lucky one off - lol

meanwhile - we carry on making money day in - day out ;-)

ah sorry, in interests of clarity, this was a demo account as i would not do it live without lr assistance!!!

 

[Forexmospherian]

EU

3 59PM

PULLBACKS staying above 1340 still scalp buys again for now

 

[Forexmospherian]

ah sorry, in interests of clarity, this was a demo account as i would not do it live without lr assistance!!!

OK

well that's fine - I know I still need my LR set up for extra reassurance - but even today still would not use my own money and try over 15 or 20 lots as I would worry I would then hit a losing streak of say 5 or 7 losses in a row

Amazing how your mind can foot you up - but live on 6 or 8 lots - no problem - I feel safe

 

[Forexmospherian]

4 10 pm

EU

so far - 1362 at 4 00 pm

Will it try 1370 or even 1390 again ??

Have not got a clue - BUT whilst above 1343/4 - still wants higher for me ?

 

[Forexmospherian]

Last EU high so far - exactly at 4 21 pm at 1364

That was a KT - but above 49 - still in scalp buy mode

 

[avasfx]

Hello F,
i have some more questions for you, if you dont mind...
1. Which levels do YOU consider the most important when scalping? I mean levels from 1m, 5m, 15m etc
2. What do you consider to be the breakout of the level? Close of 1m bar above/below? Or all LRs should be above/below level to take the trade?
3. do you trade fades (false breakouts of larger time frame s/r zones)? Good example from today when you told that from some level youll be looking for short scalps, but price went a little lower, false breakout of support and moved higher? when ill be at my pc ill post a chart to show what i mean.
4. What are your signals to exit the position? Are you looking at LRs to tell you when or by price action?
5. You told that you are using s/l not greater than 5 pips - dou you just set sl to 5 pips or it depends on price action? Or maybe above/below fast LRs - if price will break them probably we are on the wrong side anyway...
thanks in advance
Alex

 

[avasfx]

And also, what long term LRs are giving you if you are looking at (from what i see) swing highs/lows breakouts for determining trade direction?
Alex

 

[Forexmospherian]

Hello F,
i have some more questions for you, if you dont mind...
1. Which levels do YOU consider the most important when scalping? I mean levels from 1m, 5m, 15m etc
2. What do you consider to be the breakout of the level? Close of 1m bar above/below? Or all LRs should be above/below level to take the trade?
3. do you trade fades (false breakouts of larger time frame s/r zones)? Good example from today when you told that from some level youll be looking for short scalps, but price went a little lower, false breakout of support and moved higher? when ill be at my pc ill post a chart to show what i mean.
4. What are your signals to exit the position? Are you looking at LRs to tell you when or by price action?
5. You told that you are using s/l not greater than 5 pips - dou you just set sl to 5 pips or it depends on price action? Or maybe above/below fast LRs - if price will break them probably we are on the wrong side anyway...
thanks in advance
Alex

Hi Alex

If it's OK - I will answer your questions a little later on tonight. Popping out for tea - but hope later on after 8 00 pm or so will make a full reply

Regards

F

 

[avasfx]

Bon appetit!

 

[MajorMagnuM]

current shorts and add ons from the top. well, from 72)

 

[MajorMagnuM]

stops in place