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

[Forexmospherian]

9 07 am

EU

is 2445 /6 interim top now ?

Above 34 still in scalp buy mode

I have dropped to 30% stake at 2441 and see what happens next as still looks scalp bullish atm

 

[Forexmospherian]

GU

9 11 am

Its been a rollercoaster ride this morning

It wants to fall - but the EU as helped pulled it back up - as Euro stronger than dollar - but Pound not so strong

Price now at 5725 area - never just jump in at prices you think should work - wait for more confirmations etc etc

 

[Forexmospherian]

I notice the Swissy could drop another 15 -20 pips to supports - so EU could still carry on up higher

its over 2447 now - so will we keep going until 9 21 am or 9 30 am ish ????

 

[Forexmospherian]

For the EU gameplan - we should stop under 2465 to make a LH again

If we did go over say 2470 - then still a LH could be posted below 2500

Its only if we go above say 2505 / 10 that then shows clear HH and HL structure

 

[Forexmospherian]

EJ

7 08 am

In a downward price structure under 147 50 /60 area

Not scalped it yet

EJ - comment over 2 hrs ago

I said that after EO and then for 90 mins or so it was just awful PA and not a pair I wanted to scalp - either way

Well now finally - another morning low of 146 95

Under 147 30 on bounces - should be more sells again

 

[Fugazsy]

3 pin bars on the 5m

 

[Forexmospherian]

UJ

9 22 pm

I hope dearlife has made some more pips on a sell on his favourite pair ?

Down at 118 10 area and bounces under 45 should be able to sell again

 

[Forexmospherian]

3 pin bars on the 5m

Interesting interim high so far outside TW at 9 16 am at 2553

Under 45 it was a scalp sell

 

[Forexmospherian]

EU


Interim supports from 2425 to 32 area

Sorry mis read - should be 2422 to 2429

 

[jackson7]

Morning GJ

Will check it out next

Have a good day

Regards

You too Peter.

gbpchf is very weak this morning. Trying to bounce but will need lots of time to do it after such a big sell off. may well drop more yet.

 

[Forexmospherian]

You too Peter.

gbpchf is very weak this morning. Trying to bounce but will need lots of time to do it after such a big sell off. may well drop more yet.

I can see what you mean - 90 pip drop in under 2 hrs

I reckon I need to change a few pairs in my locker - as you are right the GC was the one to take today based on correlation weaknesses and Swissy strength

 

[Forexmospherian]

9 33am

Time for a break

Will be back after 10 00 am I think

Its been a busy few hrs after a slow start

 

[jackson7]

I was looking to trade it to the long side initially but they faked the breakout and sold it off. Just how it goes...Done ok on the short side though

 

[jackson7]

I can see what you mean - 90 pip drop in under 2 hrs

I reckon I need to change a few pairs in my locker - as you are right the GC was the one to take today based on correlation weaknesses and Swissy strength

If you had a scanner you could set it up to find you the very best opportunities to catch the next leg of any move on any market in any time frame you like.


I have mine setup a bit different to what i think would suit you. But....

If you had one optimized for your own style, you could REALLY clean up every day.

 

[Forexmospherian]

If you had a scanner you could set it up to find you the very best opportunities to catch the next leg of any move on any market in any time frame you like.


I have mine setup a bit different to what i think would suit you. But....

If you had one optimized for your own style, you could REALLY clean up every day.

I think I should look into more in new year

I learnt my scalping many years ago on the EU mainly because in those days it was a 2 pip spread compared to 3 - 7 pips on all other pairs.

I then got into the GU and AU - as their spreads became more attractive and over the last 4 years have stayed mainly with the main 8.

Yen crosses have been my only diversion along with the EA - but I think now I need to add a special of the day - based on the weakest and strongest cross pairs

Thanks for bringing it more to my attention - certainly something I will be looking more into

Cheers

 

[dearlife1989]

UJ

9 22 pm

I hope dearlife has made some more pips on a sell on his favourite pair ?

Down at 118 10 area and bounces under 45 should be able to sell again

:cheesy: Yes, I have I totally love UJ but every minute that passes the amount of questions I have increases 10x

 

[Fugazsy]

slow now, may to revisit the recent high

 

[Forexmospherian]

EJ - comment over 2 hrs ago

I said that after EO and then for 90 mins or so it was just awful PA and not a pair I wanted to scalp - either way

Well now finally - another morning low of 146 95

Under 147 30 on bounces - should be more sells again

Comment on EJ from nearly an hour ago


Well it bounced up to 147 33 before stopping - and then I was in 2 minds to scalp sell again

After 9 51 am and start of TW I took the plunge at 27 - and it made 05 and I exited all at 147 09

I know - it should drop again - but did not leave any on and instead will take more scalp sells after we go under 04 and if we carry on under 93

 

[Forexmospherian]

:cheesy: Yes, I have I totally love UJ but every minute that passes the amount of questions I have increases 10x

Feel free to fire away over the day or weekend and I will try and answer in between the odd scalps etc

I wanted to sell again under 45 - but the bounce went to 57 before it stopped - so it put me off - and i went with the EJ as that bounce was only 3 pips off my target entry point

Its still falling again - but PA is not the easiest for now

 

[Forexmospherian]

slow now, may to revisit the recent high

Eu for me is still session bullish above 2400 and 2420+ so yes we still might try over 54 and 65 - you never know

Expect LH's - but then unless you see LL's under 2420 and then 2410 etc stay with possibility of more tries up again