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

[Forexmospherian]

9 37 am

GU now up at 5240 area and just grabbed 4 pips on scalp sell - as 38 /40 was my first sell area

We nee to see if we stay above 5224 and low holds 30 mins with no breach - as that then favours higher again

 

[Forexmospherian]

Watching the 30 min rule now on all interim highs and lows for more clues to next on 4 main pairs

 

[Forexmospherian]

GU dropped from 5240 to so far under 26 and 5222

i am looking to scalp buy it again - but cannot atm - but next clues are staying above 18 and 20 - also outside a TW atm

 

[Forexmospherian]

EU

9 48 am

We have a clear break out area now

We can see if we make above 1306 and 12 we can hold on to scalp buys

Under last low of 1291 we can stay with scalp sells for now

 

[Forexmospherian]

GU dropped from 5240 to so far under 26 and 5222

i am looking to scalp buy it again - but cannot atm - but next clues are staying above 18 and 20 - also outside a TW atm

Still dollar strength and GU not stayed above 26 or 18 so still a scalp sell for now with next supports at 5207 and 5200 areas

 

[Forexmospherian]

EJ

9 52 am

Different from EU atm - as stayed above its 9 27 am low of 134 04 and nearly 30 mins up

Already a scalp buy above 05/6 twice but so far never made above 21

Need under 134 01 and 98 to be scalp selling

 

[Forexmospherian]

Still dollar strength and GU not stayed above 26 or 18 so still a scalp sell for now with next supports at 5207 and 5200 areas

Out scalp sell at 5207 after a 5205 low for now

 

[Forexmospherian]

I have had an extremely busy last hour - after missing first 2 hrs due to other family committments

EJ now just made me 11 pips on scalp buy above 134 05/6

Going to have 15 mins off after hour change

 

[Forexmospherian]

GU

9 56 am

Now testing under 5200 and not in a scalp sell after exiting at 5207

We should have a bounce after hour change and maybe above 5192 /5 area ?

 

[Forexmospherian]

10 25 am

Nice bounces up after 9 51 am and 10 00 am

I caught 2 - the GU scalp buy for 14 pips and EJ scalp buy for 16 pips

EU was also a nice 15 pip bounce - but reluctant to be in 3 scalps as same time

 

[Forexmospherian]

UJ

10 29 am

Not mentioned or traded this pair this morning - as preferred the EJ - but it as been moving nicely with good PA after EO and so far up nearly 60 pips

I am mentioning now as I will be looking for a pullback and scalp sell opportunity around 119 to 119 10 in this TW

 

[Forexmospherian]

UJ

10 33 am

Price now at 119 05 and still looks scalp bullish - so cannot just sell atm

Will watch over next 6 mins to see if we get a quick spurt up - and then the drop

 

[Forexmospherian]

Pure scalpers would be scalp selling the UJ from 119 05 down to 02 and would be happy with a 1 or 2 pip stop if they are very experienced

I prefer to look for a bit larger moves - and want minimum scalps over 5 pips and ideally after the 7 -25 + pip moves


However - that does not stop me taking 2-5 pips and bagging them - whilst awaiting a proper pullback etc

Its really up to you at what level you decide to enter or not - but what ever you do - don't risk say 10 pips only to make 1-3 pips - that in the long run is not that successful

 

[dearlife1989]

Man, F, were there any proper entries with the fast LRs on EU after 10 am? I only used the slower ones ~275 with other clues?

 

[Forexmospherian]

Man, F, was there any proper entries with the fast LRs on EU after 10 am? I only used the slower ones ~275 with other clues?

Hi dl

the 3 fast LR's ie from say 9 setting to 25 show scalp turns first - then 70 or 100 or above are too slow for pure scalping

On EU between 10 02 am and 10 05 am I had 4 LRs go under at 1277 to 1281 saying to me along with PA and time - that was a scalp buy

I only took EJ and GU - as already identified them earlier - and normally they move better and quicker than the EU

With regards to UJ just - its still only dropped 9 pips from 119 05/6 area but again had 4 lrs over within 3 mins

 

[Forexmospherian]

I will post the UJ scalp chart on 1 min chart next

Did not use the tick chart as in this case I dont think it would have got me in much earlier - although I will say on some pairs I can get in 1 -3 pips earlier on tick charts than some 1 mi n set ups

 

[Forexmospherian]

GU

9 56 am

Now testing under 5200 and not in a scalp sell after exiting at 5207

We should have a bounce after hour change and maybe above 5192 /5 area ?

10 25 am

Nice bounces up after 9 51 am and 10 00 am

I caught 2 - the GU scalp buy for 14 pips and EJ scalp buy for 16 pips

EU was also a nice 15 pip bounce - but reluctant to be in 3 scalps as same time

After 10 30 am and 5220 was another scalp buy with it peaking so far at 5239

Before - I scalp sold it from 5240 - and so unless we try over 5243 and 47 I reckon we might be able to scalp sell again and then hold if we go under 27 and 24

 

[dearlife1989]

Ahh I see... I was thinking the same that there might be a buy soon but I wasnt sure 😉 ty 😉

 

[Forexmospherian]

UJ - TW's and scalps from 10 am to 11 am

UJ - 1 Min LR Chart with TW's on scalp buys and sells in last hour

 

[Forexmospherian]

Ahh I see... I was thinking the same that there might be a buy soon but I wasnt sure 😉 ty 😉

I know Major Magnum always got confused on the LR crosses etc - and the effects

The quick LRs have to move first and then the more over or under - the stronger the move should be

If only 2 or 4 LRs go over we might just get a 3-7 pips sell scalp - or buy if under

If 4 -6 LR's over then a larger fall maybe over 10 -15 pips

When we have 6 or more lrs then we should be in a rally and if 8 + then its a strong move etc


Hope that helps etc

Have a good day


Regards



F