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

[MajorMagnuM]

au sl hit -2.4

 

[mike.]

Cheers F, will study this time window approaching, im still long with nu, pa has tailed off a bit.

 

[tar]

GU - 66 was low and then 685 became a scalp buy

Not in buy but under 82 will look for another scalp sell

Disagree , GU above 1.6985 a sell , but above 1.6995 a buy ...
And under 82 a buy but under 65 a sell

 

[MajorMagnuM]

ea sl hit

 

[Forexmospherian]

Hmmm EU i may be able to buy above 1.3925 and sell under 1.3915 ...

Agree with you tar

i have my 30% sell stop down at 25 and thinking it might get taken out - but its in profit so OK

Agree under 15 and 12 more scalp sells abut would need over 34 and 37 to hold onto new scalp buys for higher

 

[MajorMagnuM]

all unclear atm

 

[be-positive]

Disagree , GU above 1.6985 a sell , but above 1.6995 a buy ...
And under 82 a buy but under 65 a sell

cant wait for round 2

 

[Forexmospherian]

Disagree , GU above 1.6985 a sell , but above 1.6995 a buy ...
And under 82 a buy but under 65 a sell

You might be right 82 to 95 - could be a BTTZ or no trade zone

Agree under 65 more sells

 

[Forexmospherian]

There goes my 30% stop at 25 on EU

will it try 34 or 37 now ???

 

[mike.]

bailed out of nu -4, that's about 4 losers on the bounce.

 

[Forexmospherian]

EU

Will look to scalp sell under 31 in this next half hr time window

 

[Forexmospherian]

bailed out of nu -4, that's about 4 losers on the bounce.

Hi mike

This time of the day ie say 10 am to 12 pm is normally slower
and a great tease time to catch intraday traders out

If say 7 am to 9 30 am had not been busy then 10 -12 can be busy - but not so often all morning busy

Need to get you on 1 min or tick to really scalp

Believe it or not 5 - 10 and 15 mins - all too slow for proper scalping with 5 pip stops


Regards


F

 

[Forexmospherian]

cant wait for round 2

Hi BP

Believe it or not - me and tar do agree on somethings

have a good day BP - come on get some EU trades on ;-)



Regards


F

 

[Forexmospherian]

GU now at 66
is this a tease ???

 

[mike.]

Agree F, trouble is im spreadbetting them with 1-4 pip spread, so need over 10 pips for a half decent trade. Im getting used to running close stops now, which is something ive picked up from you.

 

[Forexmospherian]

GU

could be a half hr tease set up

under 72 then yes a scalp sell atm

But 63 -66 is support

So unless a clear breach under 63 and 60 and any bounce staying under 70 thats only way you can stay with the GU sell

If we just tease down to 64 and 63 - then be careful after half hr change

 

[Forexmospherian]

Agree F, trouble is im spreadbetting them with 1-4 pip spread, so need over 10 pips for a half decent trade. Im getting used to running close stops now, which is something ive picked up from you.

For scalping your main pairs - you ideally want spreads from 0.2 pips to 2 pip maximum


then a 5 -10 pips win is OK

But with 2- 5 pip spreads - not so good for doing it really
you need then more 10 -20 pip moves

 

[mike.]

Its better than some sb brokers, example, eu 1 pip. eg 0.8. uj 0.8. au 1. gu 1.8... all fixed. some of the other majors between 2 and 4

 

[MajorMagnuM]

Agree F, trouble is im spreadbetting them with 1-4 pip spread, so need over 10 pips for a half decent trade. Im getting used to running close stops now, which is something ive picked up from you.

it just wont work and may frustrate you. check out dukos and lmax

 

[Forexmospherian]

sorry phone call - back by hr time window