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

[Forexmospherian]

not reaLLY as was selling below 2905 and got caught in it.

OK - will try and explain more

Remember we split trades and sessions into 30 min time windows

Under 2910 - was a sell from 5 00 pm TW

Under 2905 was a sell as well - but after drop to 2884 - we then did not breach lower under 30 mins - we stayed and tested 2903 area

So now from 5 22 - 24 pm onwards - end of sell - sell as finished

From 5 55 pm and 6 00 pm and above 2900 area - EU was a scalp buy again

Ie a total change from a strong intraday sell after 5 00 pm - to a buy after 6 00 pm

Backed by PA and LRs

Remember price direction will stop at just one point

The point in question was approx 2884

Under 2910 and 2905 - that was still a sell

BUT time elapsed and no new low - only made HL at 2892/3 area and the sell was over after 5 22 pm or so

Any trade will change price at a direction

This change was a total LP manipulation -ie the allowed drop to get bears in and then the big buys coming in to trap sellers ;-)

Hope that helps explain the change


Regards


F

 

[MajorMagnuM]

OK - will try and explain more

Remember we split trades and sessions into 30 min time windows

Under 2910 - was a sell from 5 00 pm TW

Under 2905 was a sell as well - but after drop to 2884 - we then did not breach lower under 30 mins - we stayed and tested 2903 area

So now from 5 22 - 24 pm onwards - end of sell - sell as finished

From 5 55 pm and 6 00 pm and above 2900 area - EU was a scalp buy again

Ie a total change from a strong intraday sell after 5 00 pm - to a buy after 6 00 pm

Backed by PA and LRs

Remember price direction will stop at just one point

The point in question was approx 2884

Under 2910 and 2905 - that was still a sell

BUT time elapsed and no new low - only made HL at 2892/3 area and the sell was over after 5 22 pm or so

Any trade will change price at a direction

This change was a total LP manipulation -ie the allowed drop to get bears in and then the big buys coming in to trap sellers ;-)

Hope that helps explain the change


Regards


F

ty processing this

 

[MajorMagnuM]

OK - will try and explain more

Remember we split trades and sessions into 30 min time windows

Under 2910 - was a sell from 5 00 pm TW

Under 2905 was a sell as well - but after drop to 2884 - we then did not breach lower under 30 mins - we stayed and tested 2903 area

So now from 5 22 - 24 pm onwards - end of sell - sell as finished

From 5 55 pm and 6 00 pm and above 2900 area - EU was a scalp buy again

Ie a total change from a strong intraday sell after 5 00 pm - to a buy after 6 00 pm

Backed by PA and LRs

Remember price direction will stop at just one point

The point in question was approx 2884

Under 2910 and 2905 - that was still a sell

BUT time elapsed and no new low - only made HL at 2892/3 area and the sell was over after 5 22 pm or so

Any trade will change price at a direction

This change was a total LP manipulation -ie the allowed drop to get bears in and then the big buys coming in to trap sellers ;-)

Hope that helps explain the change


Regards


F

ok.
1) why was sell ended at 17:24?
2) ok I thought 17:39 was an sb but I see why 55 better (tl established with hl at 17:49)
3) Any trade will change price at a direction ( do you mean the other way round?)

 

[MajorMagnuM]

ejejej

 

[MajorMagnuM]

maybe its just a tease!

 

[johnradical]

ok.
1) why was sell ended at 17:24?
2) ok I thought 17:39 was an sb but I see why 55 better (tl established with hl at 17:49)
3) Any trade will change price at a direction ( do you mean the other way round?)

I dont understand point 1) either. Any chance of a chart F.

Cheers

 

[Forexmospherian]

ok.
1) why was sell ended at 17:24?
2) ok I thought 17:39 was an sb but I see why 55 better (tl established with hl at 17:49)
3) Any trade will change price at a direction ( do you mean the other way round?)

OK

1 5 24pm - that was not the low at 2883 and that was at 5 26pm - but once price went back above the 5 24pm - that was the first clue that at the start of the time window - price would be stopping or turning around

We only know this in hindsight - as it was 5 26 pm the low - but the 5 24 price was a big fall - and so that minute of drop was then retraced - showing that really 5 26pm price was false etc

2, When ever you scalp bought either 2 -5 pips above the low - or not until 15 pip above the low - you scalp buy would work - simply because the 5 24 pm to 5 26 pm drop was quick and false - so you get the bouncy ball effect. We had a 15 + pip drop in 2 or 3 mins and then a retrace over 4 mins +

3. yes should read - any trade will change direction at a price - we dont need to know exact price - but ideally within 1 to 7 pips of it - ideally 1 to 3 pips is better - but not always possible every scalp.

4, You then know -- time window - white lrs under - 30 min rule - PA - HH and HL etc etc - and 2880 -85 was a support area as well

Hope that helps MM

See you tomorrow sometime

PS - Bet you could not keep under 20 trades today ;-)


Regards


F

 

[Forexmospherian]

I dont understand point 1) either. Any chance of a chart F.

Cheers

Hi John

I think I might have explained more in the answer to 3 points back to MM

Low was 5 26 pm - but really the extra drop after 5 24 pm was false and the start of the scalp buys and sells being exited at start of time window - before the half hr change - Actually 5 21 pm was a scalp sell - but then after 5 27/28 pm and the half hr change at 5 30 pm - we were then seeing scalp buys already coming into play and the sells being exited

See you tomorrow sometime John

Regards


F

 

[MajorMagnuM]

OK

1 5 24pm - that was not the low at 2883 and that was at 5 26pm - but once price went back above the 5 24pm - that was the first clue that at the start of the time window - price would be stopping or turning around

We only know this in hindsight - as it was 5 26 pm the low - but the 5 24 price was a big fall - and so that minute of drop was then retraced - showing that really 5 26pm price was false etc

2, When ever you scalp bought either 2 -5 pips above the low - or not until 15 pip above the low - you scalp buy would work - simply because the 5 24 pm to 5 26 pm drop was quick and false - so you get the bouncy ball effect. We had a 15 + pip drop in 2 or 3 mins and then a retrace over 4 mins +

3. yes should read - any trade will change direction at a price - we dont need to know exact price - but ideally within 1 to 7 pips of it - ideally 1 to 3 pips is better - but not always possible every scalp.

4, You then know -- time window - white lrs under - 30 min rule - PA - HH and HL etc etc - and 2880 -85 was a support area as well

Hope that helps MM

See you tomorrow sometime

PS - Bet you could not keep under 20 trades today ;-)


Regards


F

i did more than 20 but most were good.
my chart says 8835 at 17:24
8878 at 17 25
8919 at 17 26

 

[MajorMagnuM]

low

 

[MajorMagnuM]

nu news

 

[Forexmospherian]

Thursday 11th September 2014 - Pre Opens

Good Morning to all FX Intraday Traders

So far a great week for Intraday movements

Unfortunately I am only here for a few hrs this morning and then again later on after say 2 30 pm or so - as I have a funeral to attend too.

Normal Stuff - brief reviews and updates on the main FX pairs I plan to trade today - along with levels and session bias and of course - prices I hope to scalp buy or sell from etc etc

Have a good day

Regards

F

 

[Forexmospherian]

6 49am

EU

Price now at 2910 with low so far this morning of 2092 - compared to 2883 of yesterday

High so far in the Asian session of 2924/5 - so initially a 25 pip range so far to play in

With regards to bias - I would be scalp buying more above 2920 - 30 -40 - 65 -83 etc and looking at scalp sells under 2920 - 2900 - 2982 - 2870 - 2850 etc - all approx prices - but I am sure you get my drift etc

Not in a EU trade atm

 

[Forexmospherian]

GU

Price at 6200 area - after a low of 6055 yesterday and a high of 6227

I had a lovely scalp buy on this pair after London close in the 6128 AREA and then left it on with stop in profit on 30% - but took it off prior to going to bed

Now - under 6207 and from the 6 30 am TW I have been scalp selling hoping we might drop under 6190 and lower

 

[Forexmospherian]

EJ

Price at 138 10 ish - and above 137 95 and 138 00 scalp bullish

High so far of 138 15 and low of 137 72 in Asian session - a HL from the 137 30 of yesterday.

I can scalp sell under 138 04 - 137 98 and under 95 and if I did and price fell - then would still look at more scalp buys above 137 85.

 

[Forexmospherian]

7 11 am

AU and EA - my favourite opposite ( negative ) correlation pair

During the Asian session - the EA made a new low of 4012 ish - so near to going out of the 4000 area.

Meanwhile the AU had been falling this last week to 9112 - but spent the afternoon and Asian session rising back up to OVER 9200+ and now at 9175 ish and EA at 4065

The EA is scalp bearish more under 4040 and the AU scalp bullish above 9192 AND 9200.

I would only look at holding scalp sells on the AU if we drop under 9160 and 50 - as really above there is still the possibilities of trying up again

 

[Forexmospherian]

7 18 AM

Update on GU

Cannot so far get under 6192/3 - so out scalp sell - and 30% stake and now back in a 12 -15 pip range

We need above 6208 and 11 to be holding scalp buys - and under 6191 and 88 to hold scalp sells

EU - similar tight range from 2902 TO 2914 - Session bias is down - but would not jump into scalp sells unless we go under 2900 and 2895 for a start

 

[Forexmospherian]

EU

I would like to scalp sell it around 2907 area if it bounces - but would only hold if under 2900 and ABOVE 2911 would forget sells for now

 

[Forexmospherian]

7 28 am

EU - a quick 9 pips on scalp sell from 2908

Taken 100% off - but under 2907 still another scalp sell for now

 

[Forexmospherian]

EJ

Price at 138 10 ish - and above 137 95 and 138 00 scalp bullish

High so far of 138 15 and low of 137 72 in Asian session - a HL from the 137 30 of yesterday.

I can scalp sell under 138 04 - 137 98 and under 95 and if I did and price fell - then would still look at more scalp buys above 137 85.

EJ comment from approx 20 mins ago

Yes scalp sold at 138 04 and again 97 and will now take 70% off both at 92/3