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

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Forexmospherian

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Hi All

I have only joined T2W during this last month and have decided to show traders that you can be a day trader and make money every day.

If you check out my profile - I have been forex trading for 11 years and have been full time for approx 6 years and during that time have taken over 12,000 live money trades with over 7000 trades with stops as low as 5 pips.

I plan to make LIVE intraday calls most days when I am not having time off and in a normal full trading day starting from pre European Open to London close - should make 10 -20 trade calls - all with stops between 3 and 7 pips - ( average 5 pips) with normal targets of 7 to 25+ pips.

I will be incorporating advanced money management - with so called "free trades" and with then stops already in profit ( so that you cannot lose - what ever happens) and will be using linear regression / time windows / Trendlines / S & R's etc to assist me chase trades with RR's as high as 10 all within an hour or less.

Yes I am an expert scalper - but with an open mind - so if I can leave a free trade on for 100 or 500 or even 1000 pip - I will do - as long as its still "money and time efficient"

My average trade wins are in the 10 -30 pip window - generally under 30 mins in duration and with RR's of 2 to 6.

I do have losing trades - and with my extensive trading history can tell you that in terms of batches of 100 trades - I have a win ratio as high as 87% and my worst win ratio of only 62% - so average of 70 -75 % is fair.

I have seen many "black swan " events and have had 7 bad trades in a row - but similar had 24 win trades also in a row. Normally I will have 1 - 3 bad trades a day along with 10 - 15 good winning trades.

My normal stake are between 0.5 and 1% of my capital - and that can be up to $70k - so 2 - 9 full lots are the norm - all depending on the day and the trade - and of course how much I am already up - ie if I am up say $2k dollars by US session I don't mind 6+ lot trades as a quick loss of under $500 is acceptable.

However if its 2 hrs to London close and I am only up say $700 - no way will I be doing 9 lot trades - instead - 1 -3 lots - ie safe and risk averse - but still with average 5 pip stops.

In fact if a trade cannot work with a stop under 7 pips maximum - i will not take it and wait for another. Generally I can take 1 to 3 trades an hour - but some hours - I might not take any - or instead will already be in a successful "free trade".

I will come up with some codes to follow - and because I trade in real time and am not a fortune teller or guesser - and only work with high probabilities - I can only post trades a few minutes before entry - max 15 mins - normally 1- 5 min prior

I don't like any trade going into a losing trade - and my stops are not "hard" - but all on one click in and out with every trade watched - until it goes free. Therefore if it is not working within a couple of minutes - I will pull - with either just 1 or 2 pip win or even a 1 pip loss - rather than waiting for a 5 pip loss

Remember the forex market is dynamic - and flows like water - keep flexible - adjust and understand that a trade of 20 pips with a 5 pips stop - ie RR of 4 - is a far better - more efficient and more profitable than a 50 pip stop and a win of 150 pips - ie RR of only 3 and takes hrs or days - instead of under 30 mins.

Its going to be difficult to educate many of you traders - as you have been taught all the wrong things from commercial trading - which is totally different to retail trading.

Maybe after a week or month - you will start to see what i mean - but meanwhile - enjoy what you witness - and feel free to join in and post - but I only advise followers to take my trades - as everybody else - I just don't know how good you are until you have posted at least 20 -30 trades - and then I might want to endorse you and welcome you to contribute as you want.

PS - no I have not written any books - or sell DVD's or courses etc etc. I am just a trader who can make great money trading - but don't mind sharing some of my ways to guys who have open minds and realise this is just one big game - and too win continually at it - you will need to devote loads of time, study. energy etc etc and also have great eyesight and a great brain - that are connected ;-))

Have a great November trading month - I will ;-)

Regards

Forexmospherian
 

Forexmospherian

Legendary member
39,928 3,299
The main currency pairs I will be trading are as follow - EU / GU / EJ / AU / EA / UChf and also some days the beast GJ and NU if I need to. I don't like to scalp more than 2 pairs at the same time but once I have gone into "free trade" mode - I can be in up to 6 pairs at the same time - as my stops would be in profit and therefore the risk is totally under control .

My actual trading strategy can be covered in another thread - as I would like to keep this one to just LIVE CALLS and for the odd charts etc.

I don't want to know about what will happen tomorrow - next week or next month - I only want to trade in the "now" - ie the trend is the time frame you trade from and although I do check out the monthly and daily etc - my trades are from a 10 / 20 sec tick chart along with 1- 10 min normal charts.

Trading is not simple - its the most difficult discipline to learn and carry out. 50% of new traders should realise it may not be for them - ie I am 6ft 2 inches and weigh approx 200lbs - so I would not make a good jockey or ballet dancer. Similar if you cannot get your head around maths / gameplays / probability theories etc etc - well - it might take you many years to get there ;-)

Hope this is all making sense to you
 
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Forexmospherian

Legendary member
39,928 3,299
Live trades and calls will be only be taken on any pairs as long as I can work within a 5 -7 pip maximum stop. The stops is not hard ( fixed in stone ) hard stops can be set 20 -25 pips away - and should not be used - ie they are purely for an emergency if anything went massively wrong - ie they might be need once or twice every few hundred trades - and sometimes never needed for 2 or 3 months.

All scalp trades are on one click entry and exit and are watched - as 75% of them finish within 15 mins.

A scalp buy is SB - a scalp sell SS - targets are dynamic according to volatility and time - but normally 7 - 25+ pips .

Free trades - FT - will not occur on every successful scalp - and once initiated my stop will start normally allowing the stop in a profit of 10 + pips. They then don't need to be watched continually - instead every 15 -30 mins to see whether you can move the stop up to give you more guaranteed profit.

Never allow a FT over say 40 + pips to come back more than 50% to a stop - inefficient - far better to take profit at say 65 -80% and then reenter if it goes you way again.

If a trade is not in profit or going my way within 2- 3 minutes - i might exit if I have over 3 pips - as my spreads on key pairs are under 2 and as low as 0.3 pips - so forget the nonsense of the cost of more trades . If i start to go 2- 3 pips into the red - I will exit normally rather than wait for it go to a 5 pip stop level.

This accuracy is all possible once you understand time windows - but i would not advise beginners or non scalpers to try it on their own - as they will end up getting stopped out probably 80% of the time - knowledge comes with experience. practice and loads of study - a few thousand hours of watching live small time frame charts will help you get to at least an average level.

Detailed questions can be PM'd to me as I hope this new thread will be really just live intraday trade calls with the odd comments on updates , news and anything that could effect the trade you might be in .

All the best and looking forward to seeing how we do over the month of November - Under 800 pips in the month is poor - 1000 - 1500 pips - average and well on target - and over 2000 pips a month is good and is possible on over 15 full intraday trading days - ie - 6 -10 hrs per day from early European Opens to after London close and into lunchtime US sessions. ;-)

GL

Regards

Forexmospherian
 
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Forexmospherian

Legendary member
39,928 3,299
Can I say that you are not very good at picking out the real traders and winners - compared to the rest - including all the spammers who sell things - ie courses/ DVDs / books / etc - simply because they cannot make money from trading.

OK - look at my facts -

1. I started forex trading over 11 yrs ago . First 3 years - no good average results etc etc

2. Next 2 years discovered proper SSS - ( sweet spot scalping) and it taken about 3000 live trades to really improve it and perfect it - over 4 -10 hrs a day for at least 200 days per annum

3. For the last 6 years I have been full time - working from an home office. ( i had retired just before I was 52 yrs old from my main business and sold out my shareholding )

4. I peaked at £170 a pip with an account of over £100k in 2008 / 9. I could not compound anymore and realised I had hit my trading wall - ie palpitations and stress etc.

5. I had to go back down to £20 per pip and 6 months later regained my confidence.

6. Since then never been back over £100 per pip and work on a capital account of normally between £40 k and 70K per month. This allows me to easily trade with 10 full lots etc with tight stops and not use more than 1% of my capital
7. You are dead right - with the money I have been earning - up to £3k + most days and bad days only £1k + - i just dont have to sell courses etc etc - so i dont ;-) much to the annoyance of many

Can I just repeat that - I dont sell courses - or books or DVD's or have a member's blog were I charge - ie all my money comes from trading

REPEAT - ALL MY MONEY COMES FROM TRADING CURRENCY PAIRS

8. No - i have not made my millions in 2 years - In fact I was worth more prior to 2008 - but lost over half a million pounds in the US with the collapse of Lehmans Brothers Bank. That made me angry and more determined to be honest - to get it back

9. I make my money from a corrupt industry - I have no time for Bankers and their breed - i don't like how all the masses are mislead - but realise there is NO HOLY GRAIL - and it will take years and years for the most dedicated traders to start to do well.

10. You are going to be so - yes so disappointed when you start to see how I trade and when you start to realise how good I am -

Remember I can trade and make money every day - not once or twice a week or a month - every day ;-)

No wonder you think it is too good to be true - i do understand why you think I am talking rubbish - but I am not ( PS at one time I had over £150k in 2 accounts with GFT UK - nowadays I really dont need more than £50k of Capital to make great rewards )

PS - drop the gambling bit please - i am not a gambling addict - i dont even bet on the horses or football - and in case you did not know - I was a trained accountant and also have an Hons degree in Economics - so the brain is well trained with the numbers - and with regards to the Fundamentals - I just ignore those -so i don't use the degree I obtained over 30 yrs ago.

PPS - I am not on facebook or twitter - there seems to be more annoyed and frustrated people there then there is in any forex site lol

Have a good month pboyles - i will ;-))

Regards

F
 

Maddog79er

Well-known member
384 13
I'll look forward to seeing these...
 

Forexmospherian

Legendary member
39,928 3,299
Thank you Maddog 79er ;-)

I have already said - I dont get every trade I call correct - average day - I will get 1- 3 wrong - but then another 10 -15 trades will be winners with most achieving 7 -25+ pips - and so on stops of approx 5 pips - will make RR of 1 to 5 look easy.

My own target is just 50 pips a day - but I don't stop when I achieve it - I just adjust my risk exposure - and of course - some days 50 pips might happen within 3- 5 trades - other days I might need over 8 trades just to get to 50 pips and then I have to work harder and focus more. ;-)

The free trade concept is important to my success and that allows me to cover up to 4 pairs and keep my risk levels down . I dont always keep to the same 4 pairs - but the EJ / GU and EU seem to to supply me some pips every trading day.

PS - I have nothing against 4 hr - daily or weekly traders - especially if they are part time - as they might not be able to devote 4 - 10 hrs a day like I do - but traders who use 50 + pip stops and have targets under RR's of 3 - they are really losers before they start ;-))
 

Forexmospherian

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39,928 3,299
Morning T2W Traders - 6.35 am UK time - approx 25 mins to European Open and nearly an hr and half to London Open. Just checking key pairs out and the GU as taken my first interest.

As we know it been falling the last week and we are near strong support area at 5900 area with a low at 5902. During the Asians session we have risen approx 30+ pips . Now we need over 5934 and 5940 to see a further break up.

Under 5925 - I can look at scalp selling ( SS ) with a 5 pip stop - and whilst we stay above 5927 I can also look at whether we can scalp buy - yes - really 3- 5 pips is the difference between my scalp buy or scalp sell trades ;-)

Similar EU in as set up were 3484 to 3486 are key prices. Above 87 and 90 - we need to look for scalp buys - and below 83 look for scalp sells

Finally the UC swissy - 25 pips lower than its Asian high and would only look at scalp buying that pair over 9130 and 9132.

We now wait for the first teases and to see if w ecan make some entries

GL today to all and updates every 15 - 30 minutes

meanwhile checking out 3 other pairs as well
 

Forexmospherian

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EU - 70% off scalp buy at 95 and GU same at 36. The rest of the stakes - will not be allowed to go under my entry - but will be left on to see we go higher by the hour change window - - OK time 6.52 am UK time
 

Forexmospherian

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GU - taken another 20% of at 41 - as gone hr change and movement so slow still atm - EU all of 30% stake off at 96 - as not quite so strong as GU atm .
 

Forexmospherian

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39,928 3,299
OK - net gains - 6.2 pips on EU and 9.4 pips on GU - total 15.6 pips in first 15 mins of trading and time now 7.08 am I could have still left the 30% stake on - as not gone under entry - but as fisrt trades of the morning and day and week - Its always better to be safe than sorry ;-) remember I am a risk averse scalper - very unusual lol
 

Forexmospherian

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39,928 3,299
I will just point out - my entries and exits are based on FXpro platform running - I do have another feed running and normally the price levels - might be 1- 3 pips different according to how the broker is playing the game with regards to any time delays and their own spreads.

I remember a bit ago I was quoting a EU price at 3744 - and another trader at the same exact time was showing 37482 - so you have to work off your brokers prices - and they might slightly differ from mine ;-)
 

Forexmospherian

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39,928 3,299
7.18am - AU at 9500 and as been rising approx 25 pips over last 4 hrs or so . Not in atm - but another one to watch as still bullish atm whilst the dollar in the UChf is weak and falling atm.
 

Forexmospherian

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39,928 3,299
GU - price still above my cut off for a change in direction - ie now 5936. Half hr change - so good time to see if this might change
 

Forexmospherian

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GU yes - 422 high and 40 was a scalp sell conformed when it touched 36 - So now under 39 scalp sell and use 43 as the stop - but dont let your stop be over 5 pips from your entry
 
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