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

[Forexmospherian]

blast stopped out -5

Back now again

Will post this GU chart at the time you sold and at the price and explain why If i had been here I might have been saying - be careful - or get out quick - even in this down bias mode.

PA was not that nice on GU - but the bias was changing and although there were scalp sells there - I reckon scalp buys would have been more likely to make you more

See chart -

 

[Forexmospherian]

EJ - 31 went

Posted these comments on other thread for TRO who is following the EJ and trying to code the set up

From 4 00 pm TW - the EJ was a nice scalp sell again - and supports did not hold at 31 - but might from above 139 20

 

[Forexmospherian]

EJ - Near to US close at 9 30 pm UK time

EJ - 1 Min LR chart for the day of 9th June

 

[Forexmospherian]

Tuesday 10th June 2014 - Pre Opens - EJ 2 min Chart

Good Morning Intraday FX traders

Its approx 15 mins to the European Open at 7 00 am with the London Open at 8 00am

I am starting off with my favourite FX pair - the EJ and have posted a 2 min chart - as the 1 min will not show back to Sunday

Price could not breach the 4 00 pm yesterday Resistance area at 139 40-45 area - and since then - overnight as fallen another approx 50 pips

 

[Forexmospherian]

Yesterday we saw bear bias in the Euro pairs - ie EU - EJ - EA

For now its carrying on - until they all come to supports they cannot fully breach - and then we might get the turn

Whether this is a false set up for the start of the week - is too early to say - as far as I am concerned every wave move is some kind of stop hunt ;-) - and the trick is to make sure you are with them

We do have major supports areas within 5 -20 pips on all Euro pairs coming up - but if they are well breached then further falls

Have a good day - checking calender and will update on GU and others as well to follow


Regards


F

 

[Forexmospherian]

7 09 am and end of 7 am TW

EJ - we are in a scalp buy mode above 139 00 - but have had a pullback at 09 - if we stay above 139 00 look at another scalp buy

 

[Forexmospherian]

EU

low so far this morning session 3585 - and above 88 this a scalp buy but needing back 0ver 3603 to look at holding on longer

Back under 3580 would be scalp sells

 

[Forexmospherian]

AU and EA

The EA has fallen down to a major support area and also the low of last month/ previous major low at approx 4500

This area should hold - but we might get 5 pip teases down lower - as this is a normal market method of trapping in more bear traders

We need above 4522 and 28 to be holding scalp buys for then further moves back up

AU - now up at 9370 area with supports at 9360 - watching to see if 60 holds we then try higher to 85 and even 9400

 

[Forexmospherian]

EU

low so far this morning session 3585 - and above 88 this a scalp buy but needing back 0ver 3603 to look at holding on longer

Back under 3580 would be scalp sells

So far EU made 3596 - I am down to 30% now with a tight stop at 92 - as still in profit at that price

 

[Forexmospherian]

GU

A new morning high just at 6816 - above 6807 still favours bull bias

 

[Forexmospherian]

Main red news announcement today on the UK and Pound at 9 30 am UK time

Will be checking that pair out more this morning

The rest of the news items are not red - and so of less impact on FX prices

 

[Forexmospherian]

EU at 7 32 am

if we don't make over 3603 now - will exit 30% stake scalp buy above 3597

 

[Forexmospherian]

EJ

Still in a scalp buy - but ist not moving much - and so i need now above 139 12 to hold on longer

 

[Forexmospherian]

EU

Taken rest of scalp buy off at 3599 - above 94 still scalp bullish - but will look at reentering after the play time and over say 3603 and 07

At times its better to take profit that just be turned over by market teases and pullbacks - and if it means I grab another 2- 5 pips and it only cots me less than 1 pip to re - enter - I will always take the higher profit

 

[Forexmospherian]

EJ

Down to 30% scalp buy stake at 139 09 - still not made above 12 - but will hold part stake on with stop 3 pips below entry at 98

 

[Forexmospherian]

EJ - exited 30% at 139 05 - dont like the look now so will not hold on - as under 07 EJ in a scalp sell

Will supports at 95 to 98 hold or not ???

 

[Forexmospherian]

8 00 am - LO

Most pairs just teasing atm - not in GU - EU - EJ - but still have a scalp buy on EA with stop at 4502.

Need some S or R breaches to start market moving again now

 

[Forexmospherian]

EA - down to 30% scalp buy stake at 4517 - stop now moved up into profit at 08

 

[Forexmospherian]

EJ -- sod's law - could have left scalp buy on with stop at 98 - but came out with profit at 30% at 05 and we did not need under 139 01 for supports to hold

Now made 139 12 - my initial target and above 139 04 - still another scalp buy

EU - - not in as just teasing for now

We need over 3600 and 3607 for more scalp buys and really under 84 and 79 for scalp sells

 

[MajorMagnuM]

GM all. Was that possibly the easiest GU short in history, orshould i close now.