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

[MajorMagnuM]

im reducing my shorts slowly

 

[Forexmospherian]

Guys it has been a privilege to be with you this morning, but now I must earn my lunch... in calories... I am on a diet so I will walk to the italian restaurant See you later hopefully unless it is free Limoncello shots :innocent:

See you later SW

I love Italian food - saying that I love all food - you made me hungry now lol


Enjoy and see you later


Regards

 

[sunwest3d]

That reminds me

i would ask anybody who has not rated this blog thread with star rating to give us a rating - hopefully a 4 or 5 - as we had some haters originally give us only 1

When I see others with 4 or 5 star rating - but only 1 or 2 members rated - I laugh - but time to get this thread up in the list

Major Magnum has proved to doubters and haters it can be done - and I really hope now a few more will also join in and follow the success I have had over the years

Cheers


F

Excellent I have rated it 5 stars several times, pure gold it is, but sadly only some are dedicated enough to invest the time in it. Well done MM, I hope to graduate next year too . Bon appetit.

 

[Forexmospherian]

F

"What do you mean you can never rely on just one or a few".

And No sure you saw my previous post (below):

F

Thanks.

So.....

FOR longs:

a) 108 LR is below prices
b) The 1m TF is making HL's and HH's
c) A bounce back to support (can be any TA: Horizontal lines, trendlines, MA, Fibonacci levels or others) in combination with the 6 key times.

Is that right?

Fz

Never think just one cross over confirms a new trade - thats the problem with only one LR etc

Yes - generally with the LR under and PA trying HH's and from a time window and a support area etc - then price should be rising

Opposite for down

You can use say a 15 or 20 Lr setting for scalping as well but they might be crossing a lot - whereas as approx 108 LR setting will catch slightly larger moves rather than just 1-7 pips

Its worth you copying over say a 17 - 50 - 108 - 175 / 200 Lrs and see if the group help you etc

All ideally on a one min for a start

Might take a few weeks to get used to them - but over time you will be with it ok etc


Regards

 

[MajorMagnuM]

ive needed the resilience of camel and f has needed the patience of a saint

 

[MajorMagnuM]

my stops on remainders are at 24 and 27

 

[Forexmospherian]

ive needed the resilience of camel and f has needed the patience of a saint

Its taken me back to all the frustrations I went through - and of course some of them I forgot about

But big credit to you - you have proved perseverance pays off

F

 

[MajorMagnuM]

yeah still working on the whining like a boitch tho

 

[MajorMagnuM]

wasnt Perseverance a parrot belonging to someones aunt?

 

[Forexmospherian]

yeah still working on the whining like a boitch tho

LOL

I think you are more of a perfectionist than me

Always remember you will never keep 95% + win ratios up - be happy with the 65 - 80% win rates - as long as you get positive money - daily - thats the main thing

Think how good you will be after 2000 live trades

 

[MajorMagnuM]

 

[Fugazsy]

Never think just one cross over confirms a new trade - thats the problem with only one LR etc

Yes - generally with the LR under and PA trying HH's and from a time window and a support area etc - then price should be rising

Opposite for down

You can use say a 15 or 20 Lr setting for scalping as well but they might be crossing a lot - whereas as approx 108 LR setting will catch slightly larger moves rather than just 1-7 pips

Its worth you copying over say a 17 - 50 - 108 - 175 / 200 Lrs and see if the group help you etc

All ideally on a one min for a start

Might take a few weeks to get used to them - but over time you will be with it ok etc


Regards

F

Thank you, I think now it is getting much clear.......

Done for the day and week....

Have a brilliant WE you all.

Fz

 

[MajorMagnuM]

missed that buy

 

[Forexmospherian]

F

Thank you, I think now it is getting much clear.......

Done for the day and week....

Have a brilliant WE you all.

Fz

See you Fz - same to you

F

 

[Forexmospherian]

wasnt Perseverance a parrot belonging to someones aunt?

lol

 

[Forexmospherian]

11 38 am

UCad

Can 1245 - 55 hold the morning drop and then for news - back up ????

Ucad comment from over 30 mins ago

OK

It was 1256 that stopped it for now - bounced over 25 pips

Thinking might have time off now to 1 30 pm news

Will pop in before then though

See you in a bit on next TW

 

[NightFlight]

It's great to see that you are all doing well and of great comfort for those like me who happen to have lost the plot. I can't yet find much use for the LRs and I am not sure my understanding of the TW is correct, but here is a brand new example, please check what is wrong with this set up. Looking at UJ, on a higher TF 3mins, drawn a channel showing the uptrend since 2 am. It has just hit the top. Reached a big number. I went down into 70T chart, almost all LRs were below,, waited for an upturn, checked that we were in the TW, 11.52am, and went long at 118.04 with a SL at 117.98 and a target of 118.14. Apart from the fact that it was touching the top of the channel instead of waiting for a retracement on MA or LR, could someone politely explain what was wrong, starting from the choice of pair.

 

[MajorMagnuM]

It's great to see that you are all doing well and of great comfort for those like me who happen to have lost the plot. I can't yet find much use for the LRs and I am not sure my understanding of the TW is correct, but here is a brand new example, please check what is wrong with this set up. Looking at UJ, on a higher TF 3mins, drawn a channel showing the uptrend since 2 am. It has just hit the top. Reached a big number. I went down into 70T chart, almost all LRs were below,, waited for an upturn, checked that we were in the TW, 11.52am, and went long at 118.04 with a SL at 117.98 and a target of 118.14. Apart from the fact that it was touching the top of the channel instead of waiting for a retracement on MA or LR, could someone politely explain what was wrong, starting from the choice of pair.

will check out later mate

 

[Forexmospherian]

It's great to see that you are all doing well and of great comfort for those like me who happen to have lost the plot. I can't yet find much use for the LRs and I am not sure my understanding of the TW is correct, but here is a brand new example, please check what is wrong with this set up. Looking at UJ, on a higher TF 3mins, drawn a channel showing the uptrend since 2 am. It has just hit the top. Reached a big number. I went down into 70T chart, almost all LRs were below,, waited for an upturn, checked that we were in the TW, 11.52am, and went long at 118.04 with a SL at 117.98 and a target of 118.14. Apart from the fact that it was touching the top of the channel instead of waiting for a retracement on MA or LR, could someone politely explain what was wrong, starting from the choice of pair.

Have you got your chart set up - so I could see?

I will check out my UJ

You do need ideally the 1 min TF for using the Lrs - the tick would be on different settings - and then the 3 mins is Ok to follow moves that are already staying in a direction etc

Will come back to you and happy to use this UJ trade as an example for you - and how i saw it etc

No problem

F

 

[NightFlight]

Have you got your chart set up - so I could see?

I will check out my UJ

You do need ideally the 1 min TF for using the Lrs - the tick would be on different settings - and then the 3 mins is Ok to follow moves that are already staying in a direction etc

Will come back to you and happy to use this UJ trade as an example for you - and how i saw it etc

No problem

F

That's brilliant, I will prepare two charts the 3mins and the 70T I used