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

[Forexmospherian]

Out this morning at 7 45 am to about 8 40 am

We have UK Pound news at 9 30 am so will be looking more at Pound pairs after 9 00 am

GU at 7 12 am did not make under 60 and is now again trying a move back up to highs again

Unless the GU goes under 60 and 53 - its still buys atm

 

[Forexmospherian]

UJ

7 20 am

Under 124 25 for me its in a bearish PS for this am session

Supports around 123 80 and price currently at 123 94 and i would like to sell again under 124 10/15 area

If rises make back over 15 and 20+ then PS would start to change back to bullish bias more and then maybe try another go at high at 125 05 - but personally cannot see it this morning - but in FX trading - be ready for anything ;-)

 

[Forexmospherian]

GU

7 22 - now just made under 5360 after a LH at 72 again

Still in bullish PS but could pullback easily another 20 + pips before it hits interim supports again

 

[Forexmospherian]

EU and EJ

7 09 am

From 6 51 am both were scalp sells but missed start and did not want to enter sell late just prior to the EO

They were scalp sells in a bullish PS and so unless they drop under interim supports - I still prefer to try and take more scalp buys for now

7 25 am

Still in scalp sell mode from 6 51 am ish and now EJ starting to drop out of immediate bullish PS

EU needs really under 1150 and 40 for that to happen

May not be here to see next development - but on EU still expect bounces up again

 

[watsone]

This is my first attempt to replicate your chart Forexmospherian,not entirely sure of your settings and what the dotted lines represent on your chart

 

[Forexmospherian]

This is my first attempt to replicate your chart Forexmospherian,not entirely sure of your settings and what the dotted lines represent on your chart

WD Watsone

the 2 longer Lrs indicates still in bullish Price structure for this morning session

the quicker Lrs are for scalping both ways

Will explain the LR structure later on when I get back - as popping out next until 8 40 am then around for about 2- 3 hrs

GL and yes - did expect the EU to go up again with that bounce and suprised EJ bounced up as well

See you later

 

[watsone]

I'm using Linear Regression Forecast is this correct? What does Linear Regression Intercept represent?
as i see that's an option as well

Thankyou Edward

 

[tar]

cable and euro , i reckon both sell below 1.5360 / 1.1170 and a buy above 1.5370 / 1.1190

+20
+27

 

[watsone]

+20
+27

Tar the eur/$ dipped below 1.1160 around an hour ago then rebounded 30+ pips before dropping again,wouldn't that have stopped you out?

 

[Forexmospherian]

8 53 am

Back now and just going through charts for the new hour

Will update soon with next plans

 

[Forexmospherian]

EU

8 56 am

latest line in the sand on PS is now 1155/60

Above both prices - that favours more buys and bull bias again

Under both prices - then out of bull PS on the early session basis and favours further falls to next supports at 1120 and 1100

Hour change will give us more clues - and also maybe the Pound news at 9 30 am

 

[Forexmospherian]

EJ

8 58 am

Line is sand around 138 40 /45

Under both favours sells to supports- above both price favours tries up again to high and next R area

 

[Forexmospherian]

GU

9 01 am

Need to focus more on this pair and maybe pound crosses for the red news in 30 mins

Price atm at 5360 and 5355/60 is like the line in the sand on morning PS bias

Its a scalp buy from 8 51 am for now - but needs over 65 and 75 to stay with scalp buys

 

[tar]

morning

looking at gbp crosses at the moment , i reckon gbpnzd is a buy above 2.1400/10 and a sell below 2.1390/80 .

I reckon gbpjpy is a buy above 190.35/50 and a sell below 190.20/25

+40
+30

 

[Forexmospherian]

GU

9 01 am

Need to focus more on this pair and maybe pound crosses for the red news in 30 mins

Price atm at 5360 and 5355/60 is like the line in the sand on morning PS bias

Its a scalp buy from 8 51 am for now - but needs over 65 and 75 to stay with scalp buys

9 09 am

so far only made 5366/7

will stay with buy on 30% now with stop in profit at 54

 

[tar]

morning

looking at gbp crosses at the moment , i reckon gbpnzd is a buy above 2.1400/10 and a sell below 2.1390/80 .

i reckon gbpjpy is a buy above 190.35/50 and a sell below 190.20/25

+30
+15

 

[Forexmospherian]

9 09 am

so far only made 5366/7

will stay with buy on 30% now with stop in profit at 54

Exited 30% at 59 under 62 is a scalp sellatm

 

[tar]

tar the eur/$ dipped below 1.1160 around an hour ago then rebounded 30+ pips before dropping again,wouldn't that have stopped you out?

@ be

 

[Forexmospherian]

GJ

9 13 am

Its risen approx 40 pips from London Open and topped so far at 190 73

Its in a bullish PS for am session

is that stronger pound or a very weak yen ???

 

[Forexmospherian]

Exited 30% at 59 under 62 is a scalp sellatm

GU

for news in about 14 mins - we need under 5340 and 30 to be going into more sells for lower

Above 55 and 65 and 70 - its still a bullish PS saying price then should try higher