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

[Forexmospherian]

In doubt, I closed the EU long and left the EJ, mainly relying on the yen's weakness than strength of euro and tightened the SL to 147.36.

The EU as turned into a larger scalp sell than I thought

For a start I though above 34 we would turn - but no - kept going lower

Between 20 and 27 is all BTTZ area

We need to stay above 27 ideally - but the market can tease down to 2520 still and then take us back up

As you know under 2510 - 2500 -2497 and then 2490 would all favour further falls- but the market as time on its hands as well - so teasing in ranges could last a longer time


I have played safe now - as popping out - not it any trade on EU for now

 

[Forexmospherian]

1 52 pm

Sorry missed 1 30 pm news - was still stuck in a traffic jam ;-(

As expected really - EU popped up again - above 48 and 50 and 55 to so far 2566

Trouble was - missed the trade as not in it

But thankfully still in EJ and that went up to 147 -69 - so far

Update with charts next hour

 

[Forexmospherian]

1 57 pm

Looks as though more dollar weakness for now - with Swissy falling and GU and AU rising since news

 

[Forexmospherian]

EU - I Min LR Chart from 11 21 am scalp sell and then buy

EU Chart

Notice the LR's picking up the waves

OK out of the 9 LR's - 6 will have lag - but help with price structure - but 2 are virtually no lag and 1 is 30 second lag

 

[Forexmospherian]

2 11 pm

We should - in theory - be able to scalp buy the EU again above 47 -50 support area

Th dynamic support is down to even 45

 

[Forexmospherian]

2 35 pm

We are not at 2543 -45 area - and still cannot scalp buy the EU atm

This is the market taking out new bull traders from over 2540 and 50 maybe

Lets see if we get a bounce before end of TW

 

[Forexmospherian]

Getting the feeling with the EU we might go into a BTTZ area

This might be between 2525 and 2562 - approx 37 pips of range - designed to take your money and confuse you

Best to stay out until over 60 -62 + or under 25 and testing lower supports again

Otherwise - you can scalp it for 1-7 pips on various small moves etc - thats if it plays fair - but normally BTTZ area involve manipulation etc etc

Will look at some other pairs and see if we can find something for next hour

 

[Forexmospherian]

3 09 pm

Dollar strength come in more over last 30 mins - so pullbacks on all rises and retraces on the fallers

Will pop back after 4 00 pm or so - but plan not to stay all afternoon - as want to be back for FOMC at 7 00 pm tonight

 

[Forexmospherian]

EJ - Scalp buy from 9 00 pm 17th to 4 00 pm on 19th - 3 min chart

EJ Chart

Had to use a 3 min chart now to get 3 days info on

So far price as risen approx 280 pips - all from a 5 pips entry stop

I have marked a major support area at 146 60 -62 area - with price currently around 147 60 after hitting 147 78

This is the type of price structure and price action you look for - all down to real yen weakness - after Japan's economy as gone into a recession - by definition.

When will it stop going up ???

Have not got a clue - but will manage it and catch interim tops and scalps that might go over 30 or 50 pips on pullbacks

Even though most of my gain is on 30% stakes with stops locked in profits I will pyramid and peel - as it occurs and already had 2 good scalp sells on it - one was worth approx 100 pips but only caught 64 pips of that move

 

[Forexmospherian]

Getting the feeling with the EU we might go into a BTTZ area

This might be between 2525 and 2562 - approx 37 pips of range - designed to take your money and confuse you

Best to stay out until over 60 -62 + or under 25 and testing lower supports again

Otherwise - you can scalp it for 1-7 pips on various small moves etc - thats if it plays fair - but normally BTTZ area involve manipulation etc etc

Will look at some other pairs and see if we can find something for next hour

EU

4 35 pm

The 2525 price did supply support for another scalp buy earlier on

Have posted updated EU chart with 5 or 6 scalps that could have been taken to day - each one worth min 15 to 40 pip max

All fall in time windows and assisted by LR's and PA

 

[Forexmospherian]

5 17 pm

EU up at 2554 area - and worth locking in profit on any scalp buy above 25 and 31

Will be back later for the FOMC news etc

See you later

 

[Forexmospherian]

6 45 pm

Back for 7 00 pm FOMC news

Still got the EU and the GU in an up price structure and Uchf in a bear set up

Appreciate it can all change in next 30 mins or so - the fact that the Aussie is so weak against the dollar and yens also so weak makes it a right mix up for me

Good Luck - will not be in a scalp for news - but hope to be in a new one with 9 mins of announcement - and when the spikes bring some type of clues etc etc etc

 

[NightFlight]

F, would normally 9 mins after the news be long enough for the (new) market direction to settle?

 

[Forexmospherian]

6 51 pm

First tease up on EU from 2545 area - trying now 53 - but needs really above 62 and then 82 to carry on

 

[Forexmospherian]

F, would normally 9 mins after the news be long enough for the (new) market direction to settle?

Most red news - yes - in the old days with the NFP it could be 15 mins plus to see a direction - but normally within 9 mins - you see a bias based on PA and levels etc etc

If i am not sure - I wait - or if its took quick ;-)

 

[Forexmospherian]

EJ done another new high now at 147 84 - still got 30% buy stake on that pair but its now over 50 pips lower - so will risk - as its got good profit already in the stop

 

[NightFlight]

If I feel inclined for a bit of thriller I'll play on either the UJ or EJ, the yen's weakness should help, as opposed to playing the EU direct.

 

[Forexmospherian]

If I feel my EJ might get taken out - I will try and exit asap - not wait for stop in profit

 

[Forexmospherian]

If I feel inclined for a bit of thriller I'll play on either the UJ or EJ, the yen's weakness should help, as opposed to playing the EU direct.

The fact that EU is going up prior to news - could be 2 way spike indication

 

[Forexmospherian]

Ok out scalp buy on EU at 2560 - not risking it