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

[be-positive]

Not every trade you take can be posted in advance when you are scalping or short term trading etc.

But once you have a feel of how another trader member trades - then you know what more than likely he / she is doing

If I am in a good profit on a part stake trade I dont mind it going 5 or 15 or even 50 pips against me as long as the stop is in a profit and quite happy to scalp against my existing part stake trades

That part caused a lot of confusion initially N - as many just could not understand what I was up to etc.

Hopefully now they know what I try and do - and if I get it wrong on part stakes - normally I still walk away with a small pip profit

For me this morning - I have had over 110 pips on 30% stakes this morning so you have been an old time swinger from 7.00am ???- but really only the same as 30+ pips of a good 1 or 2 scalps at 100% stake size and really all we bother about is the money - not the number of pips etc

 

[Forexmospherian]

EU

11 33 am

Not in a trade on it at all atm

Will scalp buy above 1078 and 84 + and under 1075 it is a scalp sell that might just be stopped by supports at 1050 and 1060 area

Prefer EJ as its been moving slightly more

 

[Forexmospherian]

Old swinger from after 6 00 am actually BP - hehe

 

[Forexmospherian]

Good Morning to all FX Intraday Traders

A dismal Monday morning and the start of the last week of the month

Any time after 5 39am and 5 51am this morning the EU and EJ have been scalp buys.

I was not up and around at 5 39 am UK time - but was ready for just before 6 00 am and so took advantage of both for first scalps of the morning - with both pairs presently above their LitS levels.

Not a lot of red news announcements today - but one on the EU at 9 00 am UK time

Normal stuff again today - I will get the LitS levels out during next 20 mins and then suggest levels and areas to look for buys and sells etc

All FX Traders with at least a year or so of experience behind them are welcome to contribute etc - ie charts - calls - forecast - questions - ideas etc etc - the more the merrier.

Even though its only a Monday - I still expect to try and cover at least 5 hours of a normal 10 -12 hr session - with the objective of taking anything from 10 to 20+ intraday trades - all off small stop sizes of 3 to max 7 pips ( average 5 pips ) with targets of 7 to 25+ pips - although if a scalp does not make 7 pips I will stay take any profit I can rather than wait or be stopped out

All the best and have a good day


Regards


F

EU and EJ early morning showing their colours - if you can take a few multi entries and leave a 30 or even 40% take on with a stop in 1 -3 pips off profit - you cannot go wrong - ie win/ win what ever happens

 

[be-positive]

thats to flicking early for me ( you are a night owl ------- if you listen to radio this morning they were saying night owls peg out before their time -------- so take it easy and wrap yourself around Mrs F if she likes a cuddle (lol)

 

[Forexmospherian]

EJ

11 05 am

Need over 136 76 and 83 to be scalp buying more

Price at 136 62 atm and under 73/74 still in a scalp sell bias to supports at 45/50 -

EJ

11 42 am

approx 30 mins from above comment and 136 50 is holding for now

Since 11 33 am its a scalp buy above 48

Under 46 and 43 scalp sells

We need to see over 65 to stay with buys etc

 

[dearlife1989]

what's with the 2 pip spread on EJ... so irritating

 

[Forexmospherian]

thats to flicking early for me ( you are a night owl ------- if you listen to radio this morning they were saying night owls peg out before their time -------- so take it easy and wrap yourself around Mrs F if she likes a cuddle (lol)

When you get old - you just don't need as much sleep - 6 -7 hrs a night for me is ample and maybe 8 hrs plus at weekend

I could not do a Maggie Thatcher and get away with just 4 hrs a night - but even if i had nothing to do every day I reckon would find it difficult to stay asleep longer than 8 hrs

Never need a sleep in the day normally - but if i relax on a sun lounger outside i will be out within 5 mins or so - especially if it a nice sunny day BP

PS - BP - I only take drugs and have sex with Prostitutes twice a month nowadays lol

 

[Forexmospherian]

what's with the 2 pip spread on EJ... so irritating

Mines been under that - but no over 59 and its back to scalp sell in last 3 mins

 

[Forexmospherian]

what's with the 2 pip spread on EJ... so irritating

My average spread on EJ as been 1 3 pips - and in better times 0 8 to 1 pip normally DL

 

[Forexmospherian]

That EJ sell from 11 50 / 51 am from 135 55 as just hit 41 - so 13 pips in 5 mins or so

 

[be-positive]

When you get old - you just don't need as much sleep - 6 -7 hrs a night for me is ample and maybe 8 hrs plus at weekend

I could not do a Maggie Thatcher and get away with just 4 hrs a night - but even if i had nothing to do every day I reckon would find it difficult to stay asleep longer than 8 hrs

Never need a sleep in the day normally - but if i relax on a sun lounger outside i will be out within 5 mins or so - especially if it a nice sunny day BP

PS - BP - I only take drugs and have sex with Prostitutes twice a month nowadays lol

so it was you mentioned on this morning news

 

[Forexmospherian]

GU

10 58 am

I still favour sells under 5530 area

We know we need under 5500 and 5490 to hold sells on - as those supports have worked before

Above 5530 and 40 then I will be a Pound bull and buying more for tries above 5550

The scalp LitS is 5520/23 area - ie under scalp sells bias and overs scalp buy bias

GU

1 hr later

Its stayed under 5530 - but not got under 5500 and 5490 with low atm at 5508

Bounces staying under 5518 are still sells again for now

 

[dearlife1989]

My average spread on EJ as been 1 3 pips - and in better times 0 8 to 1 pip normally DL

My average is like 1.8 FxPro

 

[Forexmospherian]

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so it was you mentioned on this morning news

LOL

Unbelievable that Lord Sewell

He's resigned from his £89k pa job - I see lol

 

[Forexmospherian]

GU

5504 now - will it try under 5500 and 5490 in next 5 mins or so - or will it stop and bounce etc ??

 

[Forexmospherian]

My average is like 1.8 FxPro

Now I am with FXPro - but been with them over 2 years plus and negotiated a better deal on spread and commissions via account size and number of trades I take with them per month

Once you are taking over 50 trades a week with them DL with a better size - you should be able to get a better deal etc

 

[be-positive]

be interesting to see if the EU has turned southward in this 12.00 TW

 

[Forexmospherian]

GU

5504 now - will it try under 5500 and 5490 in next 5 mins or so - or will it stop and bounce etc ??

It stopped at 5502 and bounced at 12 06 / 7 pm

Under 5517 still another sell for me atm

 

[be-positive]

Good luck everyone ------- catch up again