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

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AU

ABOVE 9016 still a scalp buy - but we need now over 25 to confirm holding on longer

Only scalp sell under say 9014 and 9011
 
Forexmospherian said:
GU at 11 18 am

So far we have dropped down to 6235 on the scalp sell under 59 and 55 area

Really we we need under 30 to hold on longer - as 32 -34 is support areas - and we may get bounces - and even a turn again
Click to expand...

GU comment 20 mins ago 34 held - 37 was scalp buy and now price at 48 after making 51

Need above 55 and 59 to hold scalp buys on - as now dynamic and static R area
 
awe said:
What does BTTZ and PPND mean?
Click to expand...

Hi awe

BTTZ is a Bermuda Triangle Tease zone - like a NTZ - a no trade zone - but set up to deceive and tease traders into wrong trades

Best not to trade in tight areas -as the market will catch you out by giving out false buy and sell clues

PPND = means Pyramid and Peel - but Never Dump

ie stay with a bias - say EU from 3950 and keep selling and never dropping the sell - but adjust the stakes sizes - by adding at every LH and then taking stakes off at bounces

Hope that helps

Regards


F
 
EJ

drops after 11 39 am - end of TW were false - but only 1-2 pip drop at 139 50

Price bounced after end of TW and now above 51 - back to scalp buys - needing ABOVE 61 and 65 to hold them on longer for a turn

Back under 47 and 43 - more scalp sells
 
Forexmospherian said:
AU

ABOVE 9016 still a scalp buy - but we need now over 25 to confirm holding on longer

Only scalp sell under say 9014 and 9011
Click to expand...

AU as played me up

Made 26 in on buy with 30% - but then stopped

held on down to 20 and now exited buy

UNDER 20 is a scalp sell but needs both under 16 and 12 to hold on for a larger pull back down
 
12 50 pm

GU

Will post a chart showing scalp sell from 12 30 pm TW and 62495 area

We then had a LH after 12 38 pm confirming - but would need under 34 and 30 to hold the scalp sell on for a larger drop
 
GU

Sorry not posted chart yet - as 1 00 pm became the scalp buy from 6239 - meaning still in a BTTZ - as not breached out either way yet
 
Meanwhile - EU and EJ have fallen further with EU now under 2915 at 12/13 and EJ down at 138 50 again though not quite out of BTTZ range
 
2 00 pm

AU

once we went back over 9022 and 25 - AU became scalp buy again- and now at 9033 - and still a scalp buy on any pulbacks staying above 23 /24
 
EU - supports was 2910 after it made 2909 low

Now trying to turn up again - but needs low to hold for over 30 mins and at least price touching over 24 and 27.

We remain a scalp buy whilst price stays above 2913/14
 
GU

still a scalp sell under 6250/52 area - but back in BTTZ area from 37 up to 50

We need under 6230 with no bounce back over 45 /46 to confirm more sells
 
Forexmospherian said:
EU - supports was 2910 after it made 2909 low

Now trying to turn up again - but needs low to hold for over 30 mins and at least price touching over 24 and 27.

We remain a scalp buy whilst price stays above 2913/14
Click to expand...

EU at 2 16 pm

now at 2928 /9 - exited scalp buy

will review next TW
 
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