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

[Forexmospherian]

GU

9 33am

Next support area 4750 ish if 60 lets go

Need above 85 and 88 to take new scalp buys for now

 

[Forexmospherian]

9 34 am

EU



A HL now from 0731 at 36/7 and was a scalp buy from 9 30 am

To hold we need over 52 and 57 - otherwise its just a 5 -10 pip scalp buy

 

[Forexmospherian]

From after 9 21 am and 9 30 am - we have seen dollar strength weaken

Resulting in sells on U's and scalp buys on normal EU / GU / AU / NU etc etc

 

[Forexmospherian]

9 50 am

EU - not made over 58 - only reached 55 and then after 9 39 am a scalp sell

We need to stay above at least 45 to scalp buy again and we know under 35 and 32 then back into more scalp sells etc

GU - still not turned up higher enough - like EU

 

[Forexmospherian]

Morning Guys, Have a great day.
Mine started like always... This week is crazy. My first 2-4 trades are always a losers and for the rest of the day i have to fix my negative balance 🙁

Sorry Kostas

Missed your comment this morning

I hope you have some nice green pips in your kitty


Regards


F

 

[Forexmospherian]

10 03 am

Look likes we seen the main action for now and last 3 hrs as been busy

Might slow down this hour or so as main news at 12 00pm / Midday

I am out at 10 30 am

We are still in a bearish structure on GU / EU / AU / NU etc and opposite on the U''s

That does not mean we cannot scalp buy europeans etc and scalp sell the U's - but you have to remember that until you breach interim levels on either side of price - you stay in ranges etc - and if the ranges become tight under say 25 pips - then you can get the BTTZ - tease zones

 

[Fugazsy]

Hi Fugazsy

My target % gain based on 50 pips at full stakes would be approx 3-4% per day

Good days are 6% +

Average days 2 -4%

Bad days 1 - 2%

All based on stake sizes around 0 5% of capital with 30% stakes as low at 0 2%


MM - as be doing daily % gains of 15 -30% - mainly because of small account and using stake sizes up to 2% -

By just playing with stake size % of capital I could on say a small account easily look at 10% + a day - with even some compounding going on - but I dont compound on my main accounts - I just withdraw profits often

Have a good day

Regards

F

thank you

 

[Fugazsy]

Hi Fugazsy

My target % gain based on 50 pips at full stakes would be approx 3-4% per day

Good days are 6% +

Average days 2 -4%

Bad days 1 - 2%

All based on stake sizes around 0 5% of capital with 30% stakes as low at 0 2%


MM - as be doing daily % gains of 15 -30% - mainly because of small account and using stake sizes up to 2% -

By just playing with stake size % of capital I could on say a small account easily look at 10% + a day - with even some compounding going on - but I dont compound on my main accounts - I just withdraw profits often

Have a good day

Regards

F

F

Can you explain this a bit in more details if you do not mind. Thank you.

Fzsy

 

[Forexmospherian]

F

Can you explain this a bit in more details if you do not mind. Thank you.

Fzsy

Hi Fugazsy

Say I take a scalp at 5 lots which is say approx 0 5% of my capital based on a 5 pip stop

Then after say 11 pips - I exit 70% and leave approx 30% of my initial stake of 5 pips still on with stop in profit

In this case instead of being exactly $15 per pip left on - it might be 2 lots - ie $20 a pip

Now my stop is in profit - so no additional risk exposed - but my stake size is really only 0 2 % approx of my capital - so to make 1% - I would need 5 times the basis of original stop size of 5 pips - so 5 x 5 = 25 pips - which would still then only be worth 1% gain on my account

Most of my larger pip amounts come off approx 30% stake sizes - not off 100% stake sizes like anything from 3 to 8 lots per pip - all depending on my perception of whether the probability is like AAA+++ or just AA + etc etc

So a day of 200 pips - 160 pips might all be on 30% stakes sizes so still only like 6% gain on that part

If I was only using $10 as 30% stake size - then 150 pips on my 30% stake would then only be worth like 3% capital account gain.

My gains are then based on my existing account levels and how well I feel I am reading the market etc - and so are not set rigidly in stone - ie fluid just like my trading style 🙂

Regards


F

 

[Forexmospherian]

12 24 pm

Update to come now on main key pairs

 

[Forexmospherian]

EU

12 26pm

Did not breach under 0730 level - but not made back over 0780 - 90 - a main R area

Under 0800 and 0790 still in bearish session price structure - but now good supports from 0730 and 0750

So which levels go first ??

That to explain in a bit

 

[Forexmospherian]

GU

12 29 pm

4765 / 70 area held as supports for the turn up - but with out making over 4860 and 4880 + - we are still in a bearish prices session

Price at 4837 atm and above 4820 still scalp bullish but need above 45 and 60 to stay with any buys

 

[Forexmospherian]

Yen crosses - UJ and EJ

EJ in down bearish price session still - like EU

UJ turned into a bearish price session under 120 20 - with price now at 119 96

Supports from 119 80 and 93/95

 

[Forexmospherian]

AU and NU

Been different from EU and GU

More is a bullish price session after 10 00 am today - resulting in UCad and UChf now falling last few hours

Uchf for me still in more bullish price session above 9690 - but price at 9693 atm with supports at 9680 and 90 ish

 

[Forexmospherian]

EU

12 26pm

Did not breach under 0730 level - but not made back over 0780 - 90 - a main R area

Under 0800 and 0790 still in bearish session price structure - but now good supports from 0730 and 0750

So which levels go first ??

That to explain in a bit

EU

12 38 pm

We are still bearish under 0790 and 0800 - and so far we are not testing them as high at 0776 and after 12 21 and 12 30pm - price as been falling and in scalp sell mode

We know we have supports at 57 and then 50 and under there 44/45

 

[Forexmospherian]

Next main red news at 1 30 pm UK time - in approx 45mins

Both on US and Cad dollars - will check Cad out nearer the time

 

[Forexmospherian]

EU

12 46pm

I notice 0755/57 is both dynamic and static interim supports - and then 50 is another one

So really hope to be able to scalp buy in next TW

 

[gftrader32]

let me know your times you are about for say 30 mins or so today - then I can pop in your thread and we can scalp together

I am out at 10 30 am for about an hour / 90 mins

Should be then around and about most of day up to 5 00 pm - with just normal breaks etc

i'm around now?

 

[Forexmospherian]

Any scalp buy on EU above 50 or 55 need a bounce over 66 to stay with it longer

Otherwise its just a scalp of 3 -7 pips etc

 

[Forexmospherian]

i'm around now?

OK

Shall we go into your thread and look at EU now