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

[MajorMagnuM]

closed at -2

 

[NVP]

sloooooooow now ...........very sloooooooow

N

 

[MajorMagnuM]

yes. glad its not just me,;this is the ****tiest price action ever

 

[MajorMagnuM]

im watching ej turn from buy to sell to buy etc in a space of 2 pips lol

 

[MajorMagnuM]

8 hours of getting beaten up. i need a walk.

 

[be-positive]

major ---- hope this helps drown your sorrows ---- a dozen packs on its way by parcelforce

:cheesy:

 

[MajorMagnuM]

looks good!

 

[Forexmospherian]

Thursday 24th April 2014 - Pre European Opens

Good Morning Intraday Traders

First day back after a Holiday break - so will need today and tomorrow to get back into my trading zone etc etc

I don't think I have really missed a lot whilst I have been away - as with the Bank Holidays and with many going away FX volumes etc are down - and there as been lots of pairs in tight ranges for most parts of the day - just awaiting excuses ( or news items) to move then.

I will do a quick Key Fx pairs review and update - and will mention whilst i am typing this I am already in a scalp on the GU - and not the way I favour in terms of intraday direction

Thats the beauty of scalping and intraday short term trading - you can trade both ways most trading days on any FX pairs that have some movements - the trouble is though - you do need lots of practice - a lot of experience with many difficult qualities - such as patience - focus - and of course - jut not listening to all and sundry - but actually using your eyes and brain in unison ;-)

Have a good trading day - I might be a bit rusty today and tomorrow - but I know for 95% certain - I will catch some profit - at the very least ;-)

OK - Lets review and comment on a few pairs I plan to trade today


Regards


F

 

[Forexmospherian]

GU

7 07 am UK time and already on my second scalp - and this one is in the direction i hope to see the largest moves on.

At 6 40 am - 1 mins after the end of the half hr time window - I bought the GU at 6785 - with an open target of 5 -10 pips

By 6 56 am - in the hr time window I am out the scalp buy with a net 3.5 pips - as I can see we will not get over 6791 - the current interim high - and instead - will post a LH

So 7 00 am UK time and start of EO - looks like time for a scalp sell - within the 9 min time window

Enter at 67882 and within approx 3 mins - get my 5 pips - net after spread of 0 6 of a pip

Good start of the day - as although not a 10 pips after 2 scalps -( 8 5 pips net) - I have had 2 correct trades - and my actual pip risk on both trades was less than 3 pips.

I ideally want to get a NPGT on the GU as a sell under 6800 - as I think the GU is still OB at present and needs larger pullbacks ( falls) - even though we are still in an up ( bull) channel - and may still try 6900 or 7000 sometime in the future

We need under 6780 and 75 to hold on longer with scalp sells for now - and back over 91 and 6800 to consider scalp buys

OK - lets look at the other key pairs in this hour

 

[Forexmospherian]

EU

Price stuck in a tight range this week and waiting for reasons to move out of it

Currently at 3818 - with first range approx 50 pips - ie 3800 to 3850 and then a wider monthly range of say 3675 to 3900 .

So logic is for the larger moves - we need back over say 3910+ for rallies up higher - and under 3700 and 3670 for further bear falls down to 3500 or lower.

First though - today and tomorrow - will we get out of the present 50 pip first range - and if we do - how false will it be - as the EU is the most manipulated FX pair - as its the one traded the most - and were's theirs big bucks - there's bound to be behind the scenes "tricks" etc going on

Presently need above 3833 and 45 to be taking scalp buys or holding them for higher - and under 3807 and 3800 for scalp sell land

Otherwise ignore atm - until London kick in

Saying that not here at 8 00 am UK time for approx 20 mins or so - but back that hr

 

[Forexmospherian]

GU - in this half hr time window - now trying over 6790 - so late in scalp buy. - would hold above 91 atm - but only a scalp and will want to be scalp selling again - as this move is just trying to pull in more bulls for now

 

[Forexmospherian]

Back now for 8 30 am Uk time window

GU still trying up this morning and so far made 6807

Will want to try and take a scalp sell under 6810 if possible

Will update also on some other pairs

 

[Forexmospherian]

EJ

Price currently 141 51

Would like to scalp sell under 60 if possible - the last 4 hrs or so we have been in rises - but only approx 20 -25 pips and from 58 -60 we do have both horizontal and dynamic resistances.

If we managed to get over 141 64 - then hold any scalp buys as we might try 70 then - another stronger interim R barrier

So for this next half hr looking at scalp selling GU - EJ and even EU - if none of them can overcome their next R areas

 

[MajorMagnuM]

morning F. hope you are rested and well

 

[MajorMagnuM]

ej cant sell here

 

[Forexmospherian]

GU at 8 42 am

Did not get over 6807 and we had several LH's at 03 and 01/2 - saying scalp sell

Price currently now back at previous S/R area of 90 /91 now

Range now 6807 to 6780 - and although I am looking for under 80 to sell more - I will still scalp buy again if price tries back over 95 and 6800 again

 

[Forexmospherian]

Morning MM

How are you ?

Yes rested etc - and around today trying to get back in the zone


Regards

F

 

[Forexmospherian]

ej cant sell here

EJ - looking to sell under 60 or 58 if possible

GU nice scalp sell again over time window

 

[MajorMagnuM]

EJ - looking to sell under 60 or 58 if possible

GU nice scalp sell again over time window

GU my key lr was under price so could not take it/?

 

[Forexmospherian]

Remember with GU if we dont go under 80 and 78 - we cannot hold scalp sell on longer