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

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I think the GU is asleep atm

Its in a sell but supports at 85 area might be stopping it

Trouble is its just really not doing anything for now
 
Forexmospherian said:
This is always the tricky part

Yes we need to buy with HL's and HH's and sell with LH's and LL's

Without the 2 - we are in limbo and so the market plays this trick a lot - as well and creating a LH and a LL and then stopping at a support and changing direction

THe clues then are with time and S & R levels

For a LL on AU need under 8684 and so above there could still print another a HH over 8730 - if that makes sense

Regards
Click to expand...

Oh I see because 8684 was the last low that held before the upmove - learning all the way :)
 
FXWorx said:
Oh I see because 8684 was the last low that held before the upmove - learning all the way :)
Click to expand...


Glad its making sense

Sometimes you do have to ignore just 1 or 2 pip breaches as they are yet again manipulation to fire off wrong new trades etc

This is really a game with rules that are always being tested ;-)
 
Forexmospherian said:
This is always the tricky part

Yes we need to buy with HL's and HH's and sell with LH's and LL's

Without the 2 - we are in limbo and so the market plays this trick a lot - as well and creating a LH and a LL and then stopping at a support and changing direction

THe clues then are with time and S & R levels

For a LL on AU need under 8684 and so above there could still print another a HH over 8730 - if that makes sense

Regards
Click to expand...
Pete show the chart you use for HH/LL etc
 
EU at 1 23pm

Risen back over 2600 and trying above next interim R's at 2610 -20 area

We should be able to scalp sell again under 20 - but if this is a bull game - the market may try and go above 25 to get bulls in again - before dropping again
 
AU

Really this pair is now in a range from say 8682 to 8747 -50

OK its like 60 -70 pips - but until we breach either supports for lower up the up band for higher we are just going to see each way play

Its been a scalp buy since news but might falter at where we sold it before in 20 -30 area
 
EU

1 37pm

Above 2608 still a scalp buy - but now entering the R areas from 20 -25

Its topping at 18 atm - so might be a scalp sell and then another buy over 08 still
 
Noticed Cad as dropped under 1200 area now as well

bounces staying under here could be sold again - but we then need to see under 75 to stay with sells - otherwise look for turns up again
 
EU

This is interesting trick being played more by the market

ie - stopping before a main S or R by say 3 - 10 pips and then falling and rising again tricking more bulls in - just before an R in this case

OK - more scalp buys over 18 on the EU might work - but 20 - 30 is just a R area so if you are in - be prepared to pull for just 3 -8 pips

If we are lucky and get over 30 and 35 - hold on to your scalp buys
 
Forexmospherian said:
EU

This is interesting trick being played more by the market

ie - stopping before a main S or R by say 3 - 10 pips and then falling and rising again tricking more bulls in - just before an R in this case

OK - more scalp buys over 18 on the EU might work - but 20 - 30 is just a R area so if you are in - be prepared to pull for just 3 -8 pips

If we are lucky and get over 30 and 35 - hold on to your scalp buys
Click to expand...

Yes P saw that as well hovering 2- 3 pips off support resistance to confuse
 
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