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

[Forexmospherian]

10 14am

All three ( EU / GU / AU ) have started rises this last TW with AU posting another new morning high

GU bounce as been larger than it should have been - chnaging price structure from since 8 00 am

News now

 

[Forexmospherian]

Usd Cad and Usd Chf both been falling with a weaker dollar now - causing the other 3 to have rises again

Remember all these changes can happen every 30 -60 mins -and its only if price structure does not change that allows larger rallies

 

[Forexmospherian]

phew...that will save some time, plus ignoring the flack, lol. lastly to monitor your posts is there a way to get the page to update when you post? or do i have to constantly refresh the page?

Unfortunately - in busy times when 2 or more commenting - best to update the browser every 30 secs

Sometimes it can take 3 -5 min or more to see the comment otherwise

The busy times will always be around the hour and 30 min frame changes - and sometimes for periods - I might not comment at all - if in existing moves or away from screens etc

 

[Forexmospherian]

10 39 am

End of another TW

Best pair last TW of 18 mins was the USD/CAD - but even then only 9 pip up move

Tight ranges and low volumes atm - only going to check twice an hour until we see larger moves etc

 

[Forexmospherian]

10 50 am

Coming up to next hr and TW - dollar still weaker - allowing more rises on AU and EU and turning GU for now

That can all change again in next 18 mins remember

 

[Forexmospherian]

GU

10 56am

For now line in sand area - is 5819 - 21

Whilst above both - we should still test next R higher

If we fall below both - then back in down bear bias for another go on low

 

[Forexmospherian]

AU

6 50am

Another similar set up to GU - but not in this scalp buy for now

Low of 5841 - supports now 5850 ish and price rising at 60 with R's all from 67 to 80

We would really need above 8625 + to come out of the down bias - but thats over 60+ pips away - so there is room for larger pullbacks if dollar weakness stays for longer during this am session

Comment on AU from 4 hrs approx ago

I had thought we might fall from 90 back to 70 area - but we stayed above 82 and carried on up above 8600 to high so far of 8605

We might still test 8620-25 area if we can stay now above 80 /82 area

Under 80 then change again

 

[Forexmospherian]

GU

10 56am

For now line in sand area - is 5819 - 21

Whilst above both - we should still test next R higher

If we fall below both - then back in down bear bias for another go on low

Now testing 19 at 11 09 am - end of TW

 

[Forexmospherian]

Back after Midday for now - pacing myself for hopefully a busy US am session

See you later

 

[Forexmospherian]

10 50 am

Coming up to next hr and TW - dollar still weaker - allowing more rises on AU and EU and turning GU for now

That can all change again in next 18 mins remember

Just over 75 mins later - and it did

GU now under its line in the sand area whilst the AU and EU have both fallen approx 15 pips - which is a lot in slow range periods

We have supports on AU at 83 to 87 area and EU at similar 2482 to 85 ish

GU - different set up as interim supports at 19 -21 with more just above 5802-4

 

[Forexmospherian]

EJ

12 17 pm

Still in an approx 20 pip range since after 5 00 am

Session up bias - but no new highs

 

[Forexmospherian]

EJ

12 17 pm

Still in an approx 20 pip range since after 5 00 am

Session up bias - but no new highs

From after 12 21 pm - the new TW - 4 mins after I posted this last comment - we got the new high - by over 5 pips

Still in up mode but now suffering pullbacks

Above 142 85 / 86 I would hope that I can scalp buy again

 

[Forexmospherian]

Back in 15 mins

 

[Forexmospherian]

1 12 pm

EJ

84 was low and 85 became a scalp buy but - we could not get over 93 at 1 00 pm

So we had a classic ABC pattern - with the C being the LH to the A - indicating another sell under 93

So far we have not done a LL under 84 - so the range of 84 to 93 - 9 pips is known as a BTTZ by me

ie total tease area - needing a breach by at least 3 pips for next move

Big News in 15 mins approx

 

[Forexmospherian]

PA before major news is not really of that much use - as anything might happen - as well as spikes each way even

Will not be in any scalps for NFP news - but hope to get in a scalp with 9 mins of release

Dollar as been weaker this morning allowing EU / GU / AU to make rises etc

All could change - but remember - the market will do anything to confuse and put traders in trades that will then retrace and go the other way

Stay focused next 3 hrs - as more red news later - and its the busiest 3 hrs of today coming up

 

[Forexmospherian]

1 22pm

EJ now breached LH and made a new high just under 143 00 - still bullish atm but will exit scalp before 1 30 pm

 

[Forexmospherian]

142 99 will have to do after a 143 01

Still scalp bullish but news in 3 mins

 

[Forexmospherian]

Action as started early at 1 29 pm

 

[Forexmospherian]

1 35 pm

EU now trying to rise

Not in any scalp and will not be - as market indecision - and so the bigger moves still not set up just yet - maybe we have to wait until next hr - so far a damp squid

 

[Forexmospherian]

1 46 pm

Still not in pair on scalps

The UCad was a nice 100 + pip drop but now bouncing and the rest have just been lacking real direction after the 2 way spike bits

For now - not bothering until next TW