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

[MajorMagnuM]

gotta stop

 

[NVP]

hey all happy to chip in as needed..........

meanwhile F .............can I ask a dumb question...........so you only trade on the reversal of a price after significant divergence .....right ?

you never just buy into a continuing trend ?...I think you do add to trade positions like this ?

N

 

[NVP]

At 3 47 pm - I had 9 lrs over price saying sell

At 4 00 pm I had four Lrs under and PA saying HH and HL on 1 min bars

It was for sure a scalp buy

At 4 20 pm - it gave me more confidence

An hr later went it did not breach under supports - it gave me even more confidence

After 5 00 pm - it made another HH and also above R at 6040 /42

Yes in isolation it had enough clues - but with other pairs also moving in the change - that also helped

The devil is always in the details MM


Line them up - and if they do OK

If 4 clues say buy and 3 clues say sell - sit on hands

Have a great weekend all


Regards


F

hey gang .....the usd peaked at 15.50 .......and that gu buy signal was perfect !.............it was the turn for most others as well as usd then caved by 50% retracement in next 2 hours ...trade of the day !!

r

 

[Mr Fox]

so this much [profit on 3k in one day on demo

Hey MM,

Absolutely fantastic results.

A quick question if I may. Does the above mean you have a £3k demo account and todays profit was made on this.

Best
John

 

[MajorMagnuM]

hey gang .....the usd peaked at 15.50 .......and that gu buy signal was perfect !.............it was the turn for most others as well as usd then caved by 50% retracement in next 2 hours ...trade of the day !!

r

nvp please can you illustrate your signal

 

[MajorMagnuM]

Hey MM,

Absolutely fantastic results.

A quick question if I may. Does the above mean you have a £3k demo account and todays profit was made on this.

Best
John

i traded a new demo account today. it began at 3k. i did this to show the difference between trading demo and trading live. which in my case is huge!

 

[johnradical]

i traded a new demo account today. it began at 3k. i did this to show the difference between trading demo and trading live. which in my case is huge!

You need to get some to switch your accounts around without your knowledge

 

[johnradical]

You need to get some to switch your accounts around without your knowledge

*someone

 

[MajorMagnuM]

nce idea!

 

[MajorMagnuM]

anyone notice the marc bolan sample in this?

 

[MajorMagnuM]

a great bit of acting from Mark margolis ( wheelchair)
dont watch if you want to see the complete series. timestamp 1:54 onwards especially

 

[MajorMagnuM]

right up there with Jack Palance for EPIC FACE

 

[Mr Fox]

i traded a new demo account today. it began at 3k. i did this to show the difference between trading demo and trading live. which in my case is huge!

Please excuse me, but I have not been following this thread too much, but pop my head in, intermittently.

What is the main difference that has you perturbed.

Best
John.

 

[MajorMagnuM]

Please excuse me, but I have not been following this thread too much, but pop my head in, intermittently.

What is the main difference that has you perturbed.

Best
John.

My perturbation is having a methodology that works but me being the weak link in the process.

 

[Mr Fox]

My perturbation is having a methodology that works but me being the weak link in the process.

Ah I see.
I feel your pain my good man.

Best
John.

 

[MajorMagnuM]

Ah I see.
I feel your pain my good man.

Best
John.

cheers!

 

[Forexmospherian]

Going to answer this point in my other thread in more detail - if not tomorrow certainly over the weekend

Not covered really trade management and how many trades you should undertake as a day trader so far in detail - so will be worth me doing

Regards


F

Good Morning fellow FX Intraday Traders

6 21 am - check the GU and the EU

6 21 am is the start of the 6 30 am time window - ie 9 mins either side 30 and 60 min frame changes

If you had taken a scalp buy on both pairs - then this is how I see it -

GU and EU - stops under 5 pips

Now you should be up over 10 pips on the GU and 8 pips on the EU

Also from now ie 6 38 am- and pullbacks staying above your entries - should be scalp buys again- because of the price structures

We would need price to fall under the entry points to see a full turn to hold any scalp sells on

Two great example of using time windows - PA - LR's and price structure from a 1 min chart

Have a good last day of the week

Regards


F

Two comments here - one in answer to itspossible about when you have had a good day and a run of bad days - hope to do that on the other thread tomorrow - and the second comment was classic on EU and GU - as you could have left scalp sell on from once they crossed under the 6 30 am TW scalp buy entries

Its then down to how you view your ongoing trading - but whats the best way to manage the number of intraday trades you take

All will be explained over the weekend on this thread

http://www.trade2win.com/boards/tra...ding-forex-market-make-consistent-profit.html


Enjoy your break

Regards


F

 

[Forexmospherian]

Started on the other thread to explain how you optimise the number of trades you take per day so that you don't end up with a run of a few bad days.

In fact if you don't take enough trades - you re just as likely to have a losing day - as you might be if you over trade your system.

Its down to how long have you got to trade and is it possible to break your day down into 90 - 120 minute sections that you are able to take a minimum of 2 trades in each section and possibly 4

I end up taking between 10 and 20 trades a day - all depending on my win rate after my 2 first morning session

I then adjust as required to either end up over achieving my target OR - in worst case scenario recovering a loss into a positive day

On the other thread I will explain in more detail how its done - nothings is guaranteed - but you can influence your trading result so that you do not end up having 2 or 3 losing days in a row - I rarely have one losing day - but it can take a lot of experience to achieve that - as well as the time available to take another 3 or 5 trades more than you normally would

Regards

F

PS - might not be covering from early morning on Monday Am - due to family commitment I am trying to presently re arrange

Good Trading to all and we really due need EU price back over 2675 and 2685 to being holding scalp buys on for a possible turn back over 2700+ but 2590 and 2600 are still good support areas as well for now

Regards

F

 

[Forexmospherian]

Monday 13th October 2014 - Pre Opens

Good Morning FX Intra day Traders

Unfortunately got a busy Monday AM with some family commitments so will not. Be doing normal reviews and updates until a little later in the day

Meanwhile making the odd comments to assist NVP on his correlation thread

It is a Monday with a US Bank holiday so maybe might not be the busiest etc - but you never know

See you some time later

Stay focused work your levels out and watch those time windows

Good Trading

Regards

F

 

[be-positive]

morning short EU @ 78