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

[Forexmospherian]

that was a big drop from LO, F was that you shorting heavily?

maybe he was trading from taxi 😈

I just wish I could move the market with under 10 lot per pip trades - ;-)) - but tend to think its some London players - with a few 100's or even thousands of lots seeing a great opportunity to fry the short term bulls.

Notice sudden changes on AU / GU and EU all started around 8 00 am ish - along with the rises on the Swissy and UCad

If you had been able to get scalps on those 5 - then within 30 mins - easy over 100 pips in the kitty

 

[Forexmospherian]

EU

8 48 am

We peaked at 2524 ish and as soon as we dropped under 2500 - then short term price structure changed from bullish to bearish

Now down at 2483 area - with 70 -85 all supports

As it stands all bounces or rise up to about 2510 area are then sells again

Would need above 2514 and 18 to hold any scalp buys on above 2500 ish

 

[Fugazsy]

i think this is going to turn quick

 

[Forexmospherian]

7 39 am

See you approx 8 30 am

EJ - its dropped 15 pip so far - only made 6 pips - but already been a busy hour for me

GL and be careful at 8 00 am and LO

7 04 am

EJ

It topped on last move up at 146 90 /91

Under 147 00 - I am looking at scalp selling - as structure favours lower atm

If we do go above 147 06 and 12 then stay with scalp buys - as it might be turning

Comments on EJ

Wanted to sell under 147 00 from 7 am ish this morning

Managed to get 6 pips off a scalp before I went out - but did not leave 30% on

Shame

Its dropped nearly 50 pips

That's trading for you - ;-((

Bounces up staying under 146 75 are now sells again atm

 

[Forexmospherian]

On the leading dollar pairs - ie UJ - UChf - UCad - all nice rises after 8 00 am

Swissy ( Uchf) as R's at 9640 -50 area that might stop it - need to check out other 2 in more detail

 

[Fugazsy]

i think this is going to turn quick

strong 2m bar

 

[Forexmospherian]

8 58am

AU

Although after 8 am we had the pull backs - shared with EU and GU - AU is still in session bull bias above 8560

Price atm 78 - so if we do drop further - looks for scalp buys around support area

 

[Forexmospherian]

strong 2m bar

Will post my chart Fz - so you can see how I am seeing now

Give me 5 mins

 

[Fugazsy]

strong 2m bar

juice...:-0

 

[Forexmospherian]

EU - 1 Min LR Chart from after 8 00 am London Open

EU

Under 2500 favours lower now with supports initially at 2470 -85 area

 

[Forexmospherian]

EU

9 10 am

Now under 2490 - still a sell again on bounces up

We need a support to hold and we have gone under 2470 - but not maybe lower enough

Next supports 2445 -50 area

We look for scalp buys with bounces over 7 pips and then - price being able to hold for 30 mins with no new breach of low

That's initial plan

 

[Forexmospherian]

Will also post a EJ chart this hour - as my favourite intraday pair - and structure for fall was nice today

 

[Fugazsy]

EU

Under 2500 favours lower now with supports initially at 2470 -85 area

F

Thank you, did you take those trades? and if you did, why? because prices are at resistance and below the fast Lr's?

 

[Fugazsy]

no trades for me yet....runaway market...now looking for PB's also dax

 

[Forexmospherian]

Whilst its slow atm after busy first 2 hrs - Is there any pairs you would like me to major on today - or any queries / questions etc etc I can help on ??

As you know - things can change quickly in FX trading - but in between scalps etc - I am happy to discuss things and when in 30% stake trades with stops in profit - similar - no stress and they dont need so much baby siiting

 

[Forexmospherian]

F

Thank you, did you take those trades? and if you did, why? because prices are at resistance and below the fast Lr's?

No not every scalp - as was not at desk

LR's and time are major clues - BUT - remember price action - and also price structure

Whilst we have LH's and LL's we are still in bear bias until a support stops fall and things change

Also I can scalp buy above supports - but my 2 longer Lrs around the 2510 area - still say bear price structure

Hope that helps

 

[Forexmospherian]

EU

9 24 am

2466 is interim low for now

Will it still be so at end of half hr TW

Above 2470 scalp buys - but can only hold on longer above 2490

Otherwise take what you can get

Under 2460 needed to look at scalp sells and then 2445-50 next supports

 

[Fugazsy]

No not every scalp - as was not at desk

LR's and time are major clues - BUT - remember price action - and also price structure

Whilst we have LH's and LL's we are still in bear bias until a support stops fall and things change

Also I can scalp buy above supports - but my 2 longer Lrs around the 2510 area - still say bear price structure

Hope that helps

thanks
🙂

 

[Forexmospherian]

EJ - 1 Min LR Chart of Price structure

7 04 am

EJ

It topped on last move up at 146 90 /91

Under 147 00 - I am looking at scalp selling - as structure favours lower atm

If we do go above 147 06 and 12 then stay with scalp buys - as it might be turning

Comment from over two and half hrs ago

This is why I wanted to short the EJ under 147 00 - see chart

 

[Forexmospherian]

EU again

9 43 am

Boring - low at 2466 held for over 30 mins - can be breached if the markets wants to then after 1 hr of painting

Not been above 78 yet and need above 2490 to be able to hold scalp buys on for a bigger up move

Under 2510 and 2500 - price structure says then sell again

So now unless we go over say 80 and 2490 - then forget scalp buys