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

[NickBk]

No

all stops on all my trades are 3 to 7 pips max - normally 5 pips

Once I am in profit and I P & P - then different ballgame - although normally I will make sure my stop is in profit - so what ever happens then - I cannot lose

Sorry I wasn't clear. It was meant to be stops in profit.
Thanks

 

[Forexmospherian]

8 35 am

GU update

So far its made 5650 high and was a quick scalp sell at 8 30 am

I will stay in my 30% buy and move stop up to 26

EU - still cannot get under 0922 and 20 - need that to stay with sells

EJ - similar - needs under 30 and 27 to stay with sells

 

[Forexmospherian]

8 19 am

EU and EJ

hoping to add to scalp sells taken after 8 09 am next

all depends on next 3 mins and levels holding or not

8 42 am

EU and EJ update

I started selling them after 8 09 am

Now 30 + min later - over 60 pips better off out the two

EU low so far - 0902/3

EJ - low so far - 135 10

 

[NickBk]

F,
this is super, screen says sell EU at 08.30 what more can I add.
super

 

[Forexmospherian]

Sorry I wasn't clear. It was meant to be stops in profit.
Thanks

What I normally do Nick is as follows

Every trade - whether for 5 pips or 500 + pips - starts off for me as a scalp - needing ideally a 3 to 5 pip stop on the low spread pairs like the EU etc

Then I scale in and out - as I can ( P & P )

On the GU - my swing parts stay as approx 30% of the 100% scalp stake

So after 8 30 am - I had 30% stakes on from lower still in buys - and then i took a 100 % stake scalp sell - meaning whilst it dropped 10 -15 pips - i was making a net gain on 70% stake size

 

[Forexmospherian]

UChf

7 36 am


LitS area - 9515 - 9525 ish

So far the UChf is bullish above the LIts with price at 9540 after an earlier 9557 high

If the UChf and dollar favours more bullish moves - then the EU should favour bears and sells

This can all change at the next important LO time window starting in approx 12 mins

Comments on UChf & EU approx 80 + mins ago

After LO - we have carried on - with UChf rising and the EU falling

I have made my most money off the EU falls - as on UChf - not scalping it - just leaving a 30% stake on above 9542

 

[NickBk]

Hi F,
I have no desire to fuel a pip size debate. It's not important to me to be honest.
I was just curious to your stop size whilst in profit.
I understand that it will be a scaled back position at that point.
The rest is individual. As a claimer here the other day with a load of points all repeated on the same pair. Just man up I say and put on the full bet.
Cheers

 

[Forexmospherian]

GU

8 54 am

Well scalp sell worked - but too good as its taken my 30% buy stake out with a larger pullback than I thought

12 and 20 now last interim supports - if we dont stay above them - then PS changing

 

[Forexmospherian]

Hi F,
I have no desire to fuel a pip size debate. It's not important to me to be honest.
I was just curious to your stop size whilst in profit.
I understand that it will be a scaled back position at that point.
The rest is individual. As a claimer here the other day with a load of points all repeated on the same pair. Just man up I say and put on the full bet.
Cheers

Basically - I am a safety first non gambler trader - if that make sense for a FX scalper lol

Having been originally a trained accountant - and hardly ever gamble on the horses or anything else - I try and always cover my trades with as little risk as possible

By rights I should no way be a trader - - ie I am not a big risk taker.

So pyramiding and peeling i find very appealing - and the GU as been a great example this morning of me winning both ways - ie on the moves up and the moves down.

I would not feel comfortable having maximum stakes on both way trading - thats just me - but if you can do it and you maintain a 70%+ win rate with tight stops - then you will just make a bomb

GL

Regards


F

 

[Forexmospherian]

9 03 am

Time for a break

Even though only been trading less than 2 hrs - I have been up over 4 hrs this morning - so need a dog walk to clear my head and get re-energized etc -

Back after 9 40 am

 

[NickBk]

Don't worry I will get back to you on the bomb part.

I like to push the edge and if I am in a nice profit I will go for it.

After my update of 4k I had more UCAD and one trade at 112 a point, don't ask about 112 lol I put it on fast in 3 parts and bingo. It worked out well as you saw last nights UCAD.

Today I was back to usual stakes but now have pushed on as I have a good profit. I am content now with a great or break even day from here.

Many thanks again and your constant availability on even small questions is admirable.
Thanks you sir.

 

[Forexmospherian]

9 55 am

Back now and will do an update and look to see what might be on for this next hr after 10 00 am UK time

 

[Forexmospherian]

GU

10 00 am update

This pair as interested me the most out of my main FX pairs this morning

Basically a 45 pip move up and then a 40+ pip fall with price back at 5610 area

LitS and all say lower - BUT - good supports at 5600 to 5607 area - and so far not breached today

Scalp buy bounce in last 2 mins - but we need over 28 and 36 to stay with buys - and of course low holding ideally over 30 min again

 

[tar]

+128 pips a quick scalp

 

[Forexmospherian]

EU

10 00 am update

0896 - 0900 is the main support atm

We need under 0892 and 0885 to carry on selling more or taking new scalp sells

For a turn - we need over 0920 and 0896 holding over 30 mins with no breach.

EU is under the LitS so should fall more - but all depends on the strength of supports and the profit taking - if any off the bears etc

 

[Forexmospherian]

+128 pips a quick scalp

Morning tar

Nice move on EN

I need to look more at the EN and maybe the GN - normally not on my list - but great movers and the extra spread costs are of no real importance when you can make big pips etc etc

Have a great day

Regards


F

 

[Forexmospherian]

EJ

10 06 am

Just making another low for morning as I type at 135 03

135 00 is a big round number with supports from 134 90 to 135 05 ish

the 10 06 am candle as bounced up 7 pips - so maybe we keep an eye ready for any scal buys

i need under 134 97 and 92 to be scalp selling more

 

[Forexmospherian]

EJ

10 10 am

we need over 22 and 31 to be able to hold scalp buys - or take more

Under 21 still a sell again on retraces - but we need this last low breached now within max 25 mins to look at holding sells again

 

[Forexmospherian]

AU

10 18 am

Not mentioned this pair this morning

LitS area - 7365 - 75

Since after 7 00 am and the EO - price as risen and kept rising and staying above the LitS area

Its now coming to 7400 - an R area

Pullbacks staying above 81/83 area are still buys again for now - but we need over 7407 and 12 to carry on scalp buying more

 

[NickBk]

AU

10 18 am

Not mentioned this pair this morning

LitS area - 7365 - 75

Since after 7 00 am and the EO - price as risen and kept rising and staying above the LitS area

Its now coming to 7400 - an R area

Pullbacks staying above 81/83 area are still buys again for now - but we need over 7407 and 12 to carry on scalp buying more

Funny for a pair I never saw in my life before, I quite like it and have had a few trades on. It seems to have a very good trend and action all day and does not seem to be heading down. Agree buy on pullbacks, problem is we may not get any meaningful ones.