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

[MajorMagnuM]

sold gu sl 28 school run

 

[Forexmospherian]

5 mins from 8 30 am and would look at scalp selling EA if it stays under 55 and EU as 3540 as a R area

EA stopped at 4444 - - not needed to test 50 -55 so far

still a scalp buy above 32 on pullbacks

EU - not made 3540 - above 25 /27 still a scalp buy on pullbacks

 

[be-positive]

Pete on 8.00am time window EU what would have been your entry time /price

 

[Forexmospherian]

One problem many scalpers have is - do I scalp for just 1- 5 pips or not ??

Somedays I will scalp for anything over 3 pips - simply because I can get a tight stop - not needing to risk over 3 pips and if the markets really slow - then you have to scalp more and take more trades to get you daily pip count

Other days - I am not interested in any scalps unless I can see 10 + pip available - but would accept 7 pips if it gets slow etc

Intraday trading every day needs many disciplines - for me mine are I will normally take 10 to 20 trades a day - but I never know in advance - whether I might end up taking 19 trades - or just 12 trades and make 180 pips -

If I have 3 or 5 losses - i will have to take more trades to get back in the black - and then I will accept 1-5 pip scalps. If i am up over say 70 pips by the US session - then I maybe don not want go chasing etc etc

Yesterday am was so much easier than this morning - but for all we know 10 am to Midday might be great - rather than normally boring - we just never know what's around the corner - BUT what you do know - is you can control your losses and keep them as small as possible so if you have 5 bad trades - hopefully its still under say 17 pips and with luck as low as only 10 -12 pips

Then - it's easy to make that back up ;-)

 

[Forexmospherian]

Pete on 8.00am time window EU what would have been your entry time /price

8 00 am was good for a scalp buy at 3524-26 level

 

[Forexmospherian]

EA

now testing 4447 - still looking for scalp sells around 50 -55 area - if all lines up

 

[Forexmospherian]

GU

never got over 7126 - and 8 30 am was a scalp sell at 23/24

Need to crack low at 15 /16 by 5 pips to hold on longer

 

[be-positive]

8 00 am was good for a scalp buy at 3524-26 level

ok thanks ( see it @ 27 myself but you are the top dog with bigger b-lls than me :cheesy

 

[be-positive]

lets see what this 9.00am window has on offer -------- ??? possible short EU , and possible long GU

 

[Forexmospherian]

9 01 am

GU - yes drop came under 15 and price made 7108 - and down to 30% sell stakes now with stop in profit at 21

 

[Forexmospherian]

lets see what this 9.00am window has on offer -------- ??? possible short EU , and possible long GU

On long GU - 7121+ will be key

I have held 30% sell on - but if I see no test on 9 and 8 - then might exit before we try 21

 

[Forexmospherian]

EA

4447 Interim high for now - we might test 24 /25

Above 4451 scalp buy again for test 55 -58

 

[Forexmospherian]

EJ

Still not made sell area of 40 -48 - but close as just tried 38/39

Very slow for EJ this morning

 

[Forexmospherian]

GU

Out 30% sell stake at 7113

 

[Forexmospherian]

9 16 am

last 3 mins all euro pairs trying up - although very slowly

 

[Forexmospherian]

GU

Made 7121 - and any pullbacks staying above 13 - still a scalp buy again

 

[Forexmospherian]

EJ

made so far 137 41 - and 40 -48 was my sell area


For now its a scalp sell under 42 - BUT - from 31 -33 it becomes a scalp buy again


Could be a 10 pip BTTZ - but will only know if 31 holds

 

[Forexmospherian]

Big Tease going on and a mini war

EU really wants up over 36 and 3540

But EJ and EA want pullbacks - so all out of sync for now

 

[Forexmospherian]

9 43 am

Too many BTTZ areas now - too slow and small ranges - all designed to catch traders out and get them into wrong trades

Lets hope next hr will be better

 

[Forexmospherian]

10 00 am approx

Both EJ and GU have fallen under their intended scalp buy areas now - still could be a false tease - so will just have to wait for more clues - hopefully we get them in next 9 mins