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

[Forexmospherian]

Also - remember more red GU news in another hr's time as well - so chance fora double whammy on pound and other pound crosses

 

[Forexmospherian]

Drops on GU - peoples pay as fallen over last year - even though unemployment is down

So players have set up a higher price to sell from

We are bouncing at 6794 atm and whilst under 6810 - I would say scalp sell again

 

[Forexmospherian]

GJ

Only dropped approx 30 pips and for me above 172 00 still in an up mode

GU is different and under 6810 and 6800 is still bearish

Whether all will change in next hr with more red Pound news - dont know yet - need more clues

 

[Forexmospherian]

9 45 am

Having a break and will be back for 10 30 am news

 

[Forexmospherian]

Drops on GU - peoples pay as fallen over last year - even though unemployment is down

So players have set up a higher price to sell from

We are bouncing at 6794 atm and whilst under 6810 - I would say scalp sell again

GU from 50 mins ago

I even surprise my self at times

sell at 6810 and price now at 6793/4 before next news in 5 mins

 

[Forexmospherian]

Comment nearly an hour ago - before I had to go out

EU did not stay above interim supports and try the R area against - instead - breached under 3360 and dropped to 49

Looks like we are going to have plenty of games going on today

Under 60 now still a sell - but supports at 45 and 3336 -40

EU comment from nearly 2 hrs ago

We stayed under 60 on pullbacks and dropped again and now at 3344

 

[Forexmospherian]

GU at 10 29

Not in scalp atm - out of scalp sell at 95.

10 30

News - what a game today

Price not shot back up to 6845 and now dropped again to back under previous low

 

[Forexmospherian]

I wonder if my spike up was just on my broker's charts ???

 

[be-positive]

good luck everyone ---------- time for some fishing as you are welcome to this madhouse

 

[Forexmospherian]

Both EU and EJ had price rises after the GU news - opposite to GU fall

 

[Forexmospherian]

good luck everyone ---------- time for some fishing as you are welcome to this madhouse

Enjoy your day BP

It looks as though the market gamers are back off holiday today - I had thought they were all in jail - must be out on bail lol

 

[Forexmospherian]

GJ

This pair as now dropped 100 pips from its high prior to both news releases in last 90 mins

We should get some bounces on both GJ and GU after this TW now

 

[Forexmospherian]

OK - see you next hr now - time for bacon sarnie and another cup of tea

 

[Forexmospherian]

11 03 am

Next main US dollar news at 1 30 pm UK time

We have seen a lot of action on the GU and GJ - whilst most other pairs are still fairly slow.

For now you cannot trust the EU and EJ moves - as they are being manipulated - OK for scalping - but no real commitments coming through - just lots of play and false sentiment action

EU - we should keep selling on any bounces staying under 3368 and 70 - but we do need then supports at 3335 area and 40 -45 to let go - otherwise we stay in a range

EJ is more readable as in a up channel range with 15 -20 moves each way

We need over 137 00 or under 136 60 to change the range channel

AU and UJ - not much different from earlier on - both have seen price moves up

 

[Forexmospherian]

1 15 pm

Back from early lunch ready for 1 30 pm news

EU at approx 3362 - dead in the middle of nowhere so ready for whatever going to happen next.

EJ as been OK to scalp - GU and GJ still slowly fell and most pairs in 15 -30 pip ranges

Lets hope next few hrs see better action

 

[Forexmospherian]

1 31 pm

News - and dollar weakness and EU rise

Just trying over 3380 atm

 

[Forexmospherian]

AU back above 9300 now at 9315

EU still in R area at 3383/4

Need above 3386 and 3400 for a proper move up again

Under 75 would be first sign of fizzle out

 

[johnradical]

Hi F,

How long do you normally leave the dust to settle after a red news event?

Regards JR

 

[Forexmospherian]

AU back above 9300 now at 9315

EU still in R area at 3383/4

Need above 3386 and 3400 for a proper move up again

Under 75 would be first sign of fizzle out

EU comment 6 mins ago

Stayed above 75 ( 77 low on pullback) and now made 3404

Above 3390 worth leaving 30% stake on - but taken 70% off scalp buy

 

[Forexmospherian]

Hi F,

How long do you normally leave the dust to settle after a red news event?

Regards JR

HI JR

Normally I try and be in under 9 mins from the news

I rarely leave a trade on with red news - ( unless a 30% NPGT with say 100+ pips in it already) - but try to be ready to judge whether the structure will take the move

On the EU structure was up nicely for either way move as fairly neutral level - smack in the middle of a range.

So after first spike up I am looking at my LRs for support and they said above 3373/5 look at keep buying

Under 3369 and 65 - back into the range and then I would not be taking it

So far we have made 3406 and I have taken 70% stake off and will leave 30% on whilst we stay over 3390

If i see it falling I will exit the 30% before 90 - and then look for a scalp sell down under 88 to 75/77

Hope that helps JR - every news release can be different - and some are easy - others can be really tough and then you wait until next TW - 21 mins after the release

Regards


F