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

[Forexmospherian]

I trade swings, I know about price action and I use use both MBFX and fx correlator as indi. Been trading for 2yrs now.

OK

maybe we can help yu Mctola

You need to read a bit to catch up on threads - explaining the methods etc etc

Heres a bit of homework for the start to get you into the grove etc

 

[NVP]

fortunately the volatility is allowing us pip getouts on these retraces ......then we need to decide if we go back into these overextended trends

N

 

[Forexmospherian]

Hi F,

Do you have a post explaining your method for entry and exits. I know you use time windows 9 minutes either way of an hour or half hour etc, but not sure if I grasp the method entirely.

Check out the other threads

i appreciate a bit heavy going - but explains in a lot more detail etc etc


Regards


F

 

[NVP]

i'll stop playing and wait for the usd index to deliver a HH on recent levels now before even contemplating more buys now

 

[Forexmospherian]

fortunately the volatility is allowing us pip getouts on these retraces ......then we need to decide if we go back into these overextended trends

N

EU / EJ / GU doing new highs - but notice UChf - no new lows

thats a warning

 

[Forexmospherian]

i will post my EU chart a bit later showing more detail from after midday

 

[Forexmospherian]

EU##

so far 1205

would need price under 1180 and 75 to hold scalp sells on longer for a turn or a sell off

Above 1180 /85 - still bullish for now

 

[Forexmospherian]

Need a strong coffee next - that wine's made me tired now - along with the sun ;-)

 

[Forexmospherian]

I hope Major Magnum as been able too trade this afternoon - he should have made a killing - but maybe his other contract work might have kept him busy

Back in 15 mins

 

[Forexmospherian]

4 50 pm ish

We are still not under 1175 - but close - so then we need under 1160 and 56 to stay with sells

 

[Forexmospherian]

Cannot make under 1173 and bouncing up again

Still not over - but high gone over 30 mins again soon - so that will help

Line the the Sand for scalping is 1172 / 77 - above both - scalp buys

Below both - scalp sells

 

[Mctola]

Thanks Forexmospherian, my leaning has begun.

 

[Geofract]

back to 1190 perhaps

 

[Geofract]

I guess that was a scalp buy at 54 mins, but feeling wary on buys right now.

 

[Forexmospherian]

EU - Monday US early session - UK afternoon

1 Min LR Chart on EU with a KT

Notice bias of LR's along with TLs and PA

 

[Geofract]

A rising wedge morphs into a channel, morphs into some other useless observation...

These traditional TA patterns are only proven after the fact, I guess.

 

[Forexmospherian]

I guess that was a scalp buy at 54 mins, but feeling wary on buys right now.

Yes

under 1200 and 1190 favours sells now

need 80 and 75 to let go to test 1160 and 50 support areas

Above 1200 and 1210 - more buys

 

[Forexmospherian]

A rising wedge morphs into a channel, morphs into some other useless observation...

These traditional TA patterns are only proven after the fact, I guess.

View attachment 193096

True

But if you find the dynamic bias which came in after 3 00 pm then that helps you go with the flows etc

Supports needed to hold and R's needed to be breached - as they were at 1180 and 1200 area

 

[Forexmospherian]

Until we go under 1175 and 1170 etc - we are still in an up channel bull bias for this hour

 

[Forexmospherian]

Thanks Forexmospherian, my leaning has begun.

i will help as I can - but its a few months of study etc etc - but it does work etc

Loads of practice and then by studying the movements on the small charts it will all help you progress

GL