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

[Forexmospherian]

I heard (unconfirmed) on squawk that there's a large option barrier around 1.4800 on cable.

USD bids also coming into the market.

I am counting 30 mins from 10 19 am now at 4808

Get the feeling it might tease down then 3 - 5 pips and try again and then over 4822 that time would be more scalp buys

 

[Forexmospherian]

GU for now need over 33 and 43 to stay with first initial scalp buys

 

[Forexmospherian]

GU set up for me was basically a sell to 10 20 am

Then after 10 21 am first scalp buy and now we need to stay above 4816 to hold 30% buy stake on longer

So far only made 32

 

[MajorMagnuM]

I am counting 30 mins from 10 19 am now at 4808

Get the feeling it might tease down then 3 - 5 pips and try again and then over 4822 that time would be more scalp buys

yes i think 40 at 10:40 might be a sell? ie prevailing medium set structure above?

 

[Forexmospherian]

yes i think 40 at 10:40 might be a sell? ie prevailing medium set structure above?

My TL says sell under 4831 now after a 35 high ?

 

[Forexmospherian]

4822 / 24 all support atm as well

Dont like bit in between 20 and 33 - ie 13 pips - a BTTZ area

 

[MajorMagnuM]

ah ok tl from 0941 touching 10 34

 

[DowJones]

then over 4822 that time would be more scalp buys

That and a bounce off the aforementioned option barrier worked for me...

 

[Forexmospherian]

Need a break and dog needs a walk - but he's not seen it raining lol

See you later on guys and GL

 

[tanka22]

hey DJ you still love the US tech I see -)

 

[Forexmospherian]

That and a bounce off the aforementioned option barrier worked for me...

Well Done DJ

I know you like the GU and today so far its been a nice pair to trade

Good Trading

see you later

 

[MajorMagnuM]

well ea did turn some but i didnot trade it

 

[MajorMagnuM]

ah . hard stop on gu addition just got slammed for 12 pips

 

[tanka22]

GU i'm back again at 36 up to 56 we hope
stop at 27

 

[DowJones]

hey DJ you still love the US tech I see -)

Yep You probably know, but it's just trading NQ (this product is hedged directly in NQ via an exchange). There are reasons why I'm not directly trading on CME, but I won't bore everyone with that here.

You may remember yesterday morning, after retail sales, I said here that I expected a move up in US equities. Obviously we had that (Dow up +100 pts on the US open). There was a big divergence on NQ (due to INTC), and some quant stuff I used gave me a strong signal to buy. So I went heavily long NQ. Made my day.

Well Done DJ
I know you like the GU and today so far its been a nice pair to trade
Good Trading
see you later

Thanks F.

 

[tanka22]

^ great job

 

[MajorMagnuM]

ok off for rainy walk as all seems slower at mo

 

[tanka22]

GU i'm back again at 36 up to 56 we hope
stop at 27

stopped again, hmm short term fx is tricky

 

[DowJones]

^ great job

Thx. How does that old trading saying go, "I'd rather be lucky than good"

stopped again, hmm short term fx is tricky

Yes, short-term FX is v tricky. And cable is notorious for this type of thing (hitting stops). If I may offer some advice: volume is stronger at certain session times (making PA a little less unpredictable), and it's v v important to be aware of order-flow around key levels. Hopefully I'm not boring you with stuff you already know here...

 

[tanka22]

Only fx I trade is EU at times but longer term, as I said dow/s&p/ftse are my things but looking to expand -)