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

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GU

Been a difficult pair this last week - stuck mainly in the mid 6500 area with a brief test above 6600

Supports from 6550 / 60 /70 and 80 areas - but resistance levels from 6595 to 6615

Like EU - a scalp buy from 6 00 am TW but needs 88 and 91 to then try the 6595/6600 area

Scalp sells start from under 6579 and 76 - but remember then all the interim supports

So really we need either above 6620+ to believe it want to try higher - or under 6550 and then 6530 to think it might be back to the down bias and lower under 6500

GU comment from early on this morning

We stayed above 6580 and the scalp buy could be held above 88 and 91

Price now at 6593 and taken 70% stake off on scalp buy
 
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7 56 am

Cad

Notice now under 0858 - now a scalp sell

Not in this pair atm - had expected to try higher with dollar strength - but we do have CAD news later on - so will be looking at trading it during the day
 
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8 00 am

Not back in EU and EJ on a scalp atm.

will watch over next 9 mins see if we tease lower or not

Need at least 4 pips lower on lows to get back selling - as one or two pips lower could just be teases before turns up
 
8 05 am

GU

Should have exited 100% scalp buy at 92/3 rather than 70% as now down to 85

Still scalp bullish on structure above 83/4 and need under 79 and 76 for holding any scalp sells - but GU being played with to make it difficult with PA,

Would only keep 30% stake on over 78/9
 
EU and EJ made 30 mins+ with no low breaches for now

That favours in next 30 mins higher - but like all single clues - can only be looked at 60 -80% accurate

Need to see ideally a HH over last 30 mins of PA for another clue
 
GU

Thats better - price back at 91 - will only hold 30% scalp buy stake on now if we make another high over 95 - otherwise will just pull above 86/7
 
8 13 am

Time for a 10 min break - so far been nice on EU / EJ and GU for me

First couple of hrs of morning after 6 30am always important for getting some trades in

See you in a bit
 
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8 30 am

AU and EA

AU - this pair as been trying to rise and made 9374 this week and now at 56

Above 9351 - scalp bullish but need above 61 to hold on longer

Sells under 9345 and 9330 areas

EA - normally the opposite - down under 4100 at 4075

Under 4100 and 4090 is still favouring lower - but need now under 4060 and 50 to really hold sells on
 
Regretting not taking scalp buys at 7 39 am time on EU and EJ - but thats trading - instead of scalp buying was looking for more scalp sells at a higher price - and still will do that maybe before 9 00 am

Checking levels on both - meanwhile both have been nice scalp buys from lows
 
EU

We should be able to scalp sell again under 3179/80

Need price to line up in next TW - and now 62 to 67 is also now a good interim support that might stop any scalp sell

Above 3185 /90 would be a complete turn for higher - but for now price LR structure does not suggest that
 
GU

Moved 30% scalp buy stop up to 6601 now - if taken out no problem - will look for another scalp buy from a lower price
 
With it being first trading back for me after a holiday - I am a bit slow this morning

8 51 am and 6605 was a scalp sell on GU

Missed it and could have exited 30% scalp buy higher than 6601 - cost me at least 3-4 pips - but so be it - still done well on GU buys this morning

Above 6693/4 should be another scalp buy

Under 90 and 88 - would look then if a full turn is being tried and you should be in scalp sells there for a test on 79 and lower
 
9 06 am

9 00 am on the dot was a nice scalp sell on EJ at 136 76

need under 63 to hold it on - otherwise take what you can
 
AU and EA

mentioned last hr - ie AU scalp buying and opposite on EA ( normally )

AU now at 9362 - above 55 will hold 30% stake on scalp buy - but banked 70%
 
9 30 am

i think we are entering a slow period

Got to nip out in 10 mins - will be back next hr and see how it is then

Dont get sucked in to BTTZ areas now whilst markets ate slow

GL
 
As i get ready to lead notice EJ as reversed up again - and Cad was scalp buy from 9 00 am and EU stuck in BTTZ range of 10 pips

Not in any of these but will be interested how they are next hr
 
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