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

[MajorMagnuM]

and so no ll, but now i cant sb because i would need a hh first at 29. ?!?

 

[Forexmospherian]

and so no ll, but now i cant sb because i would need a hh first at 29. ?!?

Perfect reading now MM

You are not confused but seeing that the scalp sell under 23 only made 14 - ie above 12 and did not carry on - and then any scalp buy above 15 or 16 - still not made above 24 ( 1 pip above sell price ) and most important - over 28 /9 - a new high - changing the pattern again

So for scalping = you sell for what 5 -8 pips and buy for say 5 -6 pips and then drop to 30% stake with your stop either at 14 or even 12.

2 scalps - but normally I would not even bother - I would just exit my scalp buy above 138 00 at 23 -27 area - and count my money

 

[Forexmospherian]

Actually now its conforming - ie a LH but we need the LL under 14 and 12 now

 

[Forexmospherian]

EJ

I see a lot of new support at 138 00 to 138 06 - so if we do drop under 14 and 12 - maybe we can scalp buy again it that area

I say if we do drop - remember in trading nothing is 100% - only manipulation is 100% is guaranteed at going on - but only at certain times ;-)

 

[MajorMagnuM]

yes that makes sense but does not take into account hl ll etc? AH YES IT DOES. IT MEANS THAT ANYSCALPS BETWEEN THESE LEVELS ARE WITHIN A BT. I WANT TO ADD THAT THERE IS A DEGREE OF SPECULATION AND CONFIRMATION WHEN IN A BT ZONE. I NEED TO CLARIFY THIS.
1) WE ARE SCALPING BETWEEEN HIGHS AND LOWS. BTTZ CAN BE LARGE AREAS OR SMALL. THIS FACT ILLUSTRATES THE PRINCIPLE THAT HAS CONFUSED ME TODAY. IE WE CAN SS/ SB WITHOUT A HL LL ETC, MORE SUCCESSFULLY IN A WIDE RANGE BTTZ, BUT THE HL LL WHEN WE DO GET IT MAY CHANGE STRUCTURE AND GIVE US INFO ON HOLDING ETC. THIS IS NOT QUITE WHAT I WANT TO SAY, BUT I HAVE A BAD HEADACHE AND CANT THINK TOO CLEARLY ATM

 

[MajorMagnuM]

EJ

I see a lot of new support at 138 00 to 138 06 - so if we do drop under 14 and 12 - maybe we can scalp buy again it that area

I say if we do drop - remember in trading nothing is 100% - only manipulation is 100% is guaranteed at going on - but only at certain times ;-)

I thinl i see the new support

 

[Forexmospherian]

Phone call - might be tied up for 10 - 15 mins - back in abit

 

[MajorMagnuM]

if ej cant do 10 and above now, cld this be start of a drop below 138....

 

[Forexmospherian]

2 02 pm

Sorry late getting back

EJ - well we did make 138 02 and now we are in support area

Any scalo buys above 138 00 need above 08 and 10 to hold on longer

Any fall under say 137 97 - look for more scalp sells

 

[Forexmospherian]

EU

I thought that might test 3140 -43 area and so far we are not under 46/7

AU noticed it made 9348

I came out at 9330 area and then bought again twice over 9321 and 25 - but only in on 30% stakes now

 

[johnradical]

Gu a little tease right now

 

[Forexmospherian]

GU

Neglected it last 3 hrs - since high at 6497 and interim low at 6454/5

Price now at 6471 and in a BTTZ from say 60 to 80

See a clean move out the 20 pip range and then go with it either way - ie above 80 scalp buys again - under 60 look for scalp sells

 

[johnradical]

Cad and Ej mini tease to, going to wait till US session kicks off for some action

 

[Forexmospherian]

Cad

We have Cad red news in less than 45 mins now - so worth looking at this pair to see if we can guess the game plan.

For now its bottomed at 08966/7 and teasing around the 0910 area - needing above 16 and 20 to hold any scalp buy on longer.

under 0930 /35 - its then still in sell mode - so any bounces over 16 and 20 might not make over 35

Before then I think we will see the news etc

 

[Forexmospherian]

Cad and Ej mini tease to, going to wait till US session kicks off for some action

might be a good idea John - checking out pairs now as normally 2 30 m to 4 - 4 30 pm we expect to get some action - even without news

 

[Forexmospherian]

EU

I thought that might test 3140 -43 area and so far we are not under 46/7

AU noticed it made 9348

I came out at 9330 area and then bought again twice over 9321 and 25 - but only in on 30% stakes now

20 mins later to this comment - thats better - EU down at 3141 - and also cad now testing over 16.

will see if this half hr TW means changes again

 

[Forexmospherian]

EJ

we needed over 138 08 and 10 to scalp buy from 138 00 area - and we did not bounce over 05 /6

Now under 138 00 and testing lower at 97 - my new sell area - but not taken it atm as not sure if its now just a tease on half hr

 

[Forexmospherian]

2 39 PM - end of TW

Sitting on hands and waiting on a few pairs now ;-)

 

[Forexmospherian]

2 54 pm

Cad news and minor dollar news in approx 5 mins or so now

Not in a Cad scalp atm - came out at 0914 after we made a 17 /18 high

Thinking more R's at 0930 /35 - so any bounces above there might be worth trying to buy on pullbacks

Under 0903 and 0895 be in scalp sells for lower

 

[Forexmospherian]

3 01 pm

Cad news

Brilliant initial 2 way spike - ( glad I dont news trade) and then the drop

Weak atm only 20 pips down

Under 0900 favours lower and more scalp sells