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

[Forexmospherian]

AU and EA

Well I have been selling AU this morning under 9360- 65

Now I think price may try and breach the R area

Similar EA as been buys earlier on - but w ehave not made over the 4675-80 area - ad since then the EA as been a scalp sell - supports 4645 -50 area

Comment from 90 mins ago on AU and EA

Au tried up to 9366 - but was still not high enough to breach interim R's

Above 54 still have bullish again and need under 50 and 45 to scalp sell more


EA- in a range of 4645 to 4680

Presently a scalp buy - but still in the range

 

[MajorMagnuM]

was going to take that ea ss but its curently scalp buy?

 

[Forexmospherian]

EJ

i exited scalp buy prior to lunch at 84 area, Since then its made 88 and 72

R area 87 to 93 and supports at 70 -76

In between for now - we need a break either way to look for any larger move other than a scalp

 

[Forexmospherian]

was going to take that ea ss but its curently scalp buy?

EA currently teasing in its range

above 50 /52 we have to say still a scalp buy - but we can only hold above 74 and 80

Under 49 and 46 scalp sells

 

[MajorMagnuM]

managed 64 for long ea

 

[Forexmospherian]

EU

Are we going to breach above 3730 ??

EU now made up to 3728 - still in its R area

we need a clear breach of 3730 to hold scalp buys on

 

[Forexmospherian]

managed 64 for long ea

lock some in MM - and good luck over 74

 

[MajorMagnuM]

yet to get enough in profit to take any.

 

[MajorMagnuM]

ie if i close now i get plus one pip

 

[Forexmospherian]

EA - still a scalp buy above 61 - but so slow on all pairs atm

 

[MajorMagnuM]

yes very, should break off for a while i guess

 

[Forexmospherian]

ie if i close now i get plus one pip

Shame - you needed a 59 or 61 entry and then its 2 pips spread atm for me so not scalping it

 

[MajorMagnuM]

shame - you needed a 59 or 61 entry and then its 2 pips spread atm for me so not scalping it

those numbers were not possible to enter on. The faster set were all above so i had to wait for 64 at which point price gets above

 

[Forexmospherian]

EJ - spread for me only 0 4 of a pip atm - so can be scalped both ways - last high 89/90 and still another scalp buy above 78 if you scalp sold under 87

 

[MajorMagnuM]

Closed it, no good if i shld have been in at 59

 

[Forexmospherian]

those numbers were not possible to enter on. The faster set were all above so i had to wait for 64 at which point price gets above

the proper scalp buy entry for EA was at 1 00 pm time window above 4650 with stop at 45 /46

Then with an up trendline every scalp buy was at 53 then 57 - but allow a pip or 2 for the turn

Still above the trendline and next scalp buy could be at 60 -61 if it retraces to there

For me to scalp sell need under 58 if high lasts 30 mins

 

[Derolo]

Hi Watsone

Yes agree had loads of haters and wind up merchants etc taking the pee - but still here and still making pips every trading day - although now had 17 days over the last 6 months when I have not made over my 50 pip daily targets

I have just posted in my other thread some more info for TRO with regards to the LR set up etc

You are welcome and any queries please raise and i will try and answer


Regards



F

Dear F

I hope you are well. Just reading your comment above about having a target of 50 pips a day. Do you not feel it would be better to trade just 10 pips a day at a higher pip value? Surely this would not leave you so exposed in the market to make your daily target? You could have 10 pips in one trade, where as 50 pips might take 8-10 trades?

One trade could net you 15 pips which is 50% higher than your target, but you would need 25 pips to make 50% of what you are trading at the moment, leaving you even more exposed.

Just wondering what your psychology is behind this set up?

I look forward to hearing from you

Derolo

 

[MajorMagnuM]

the proper scalp buy entry for EA was at 1 00 pm time window above 4650 with stop at 45 /46

Then with an up trendline every scalp buy was at 53 then 57 - but allow a pip or 2 for the turn

Still above the trendline and next scalp buy could be at 60 -61 if it retraces to there

For me to scalp sell need under 58 if high lasts 30 mins

SO THE SB AT 60 WAS FINE DESPITE POSTIIONS OF lr (which were above price and therefore could not catch the end of the retrace?

 

[Forexmospherian]

From over 20 mins ago

we stopped at 67 /68 and then 69 did become the scalp buy

I am taking 70% off at 79 for now with 30% with stop in profit at 71

i did not take the EA at 1 00 pm time window MM - but instead the EJ - as spread was better

i exited all and was out by 83/4 - but trendline still says up above 80 / 81 and we just need 90 to go for more scalp buys

 

[Forexmospherian]

EJ and UJ - PA not too bad on scalp buys

EA - PA - not nice and spread 2 pips