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

[Forexmospherian]

EJ

8 53 am

Still a scalp buy with so far price made 133 13

We need to stay above 133 01 on pullbacks and then we might test the main R at 14 -16

EU - frustrating - not stayed above 1336 - so out scalp buys and will only enter now above 42 and 46

Ugly - both EU and EJ not playing ball today - and pulbacks turning into scalp sells

Great if you are scalping for 3-7 pips - but no proper moves of say 10 -20+ pip

I get the feeling both EU and EJ want to see price rises - but both are being stopped atm by the LP's via order manipulations

 

[Forexmospherian]

UCad

8 51 am

Just looking at this pair - its been very active so far this morning with a 50 pip fall in last 100 mins or so

Supports at 2555 to 2570 and price currently at 2573

If we test supports more then showing dollar weakness and we might then see more GU / EU etc rises

We also have UK pound news next hr as well so it a case the next hr might be busy - I hope

UCad

After 9 00 am we got the turn from the 2562 /5 area.

That bounce so far in 5 mins as risen approx 20 pips

Pullbacks staying above 2572 are still scalp buys again

Also keep an eye on 30 min rule on interim lows and highs now

 

[Forexmospherian]

UCad

After 9 00 am we got the turn from the 2562 /5 area.

That bounce so far in 5 mins as risen approx 20 pips

Pullbacks staying above 2572 are still scalp buys again

Also keep an eye on 30 min rule on interim lows and highs now

9 09 am

Ucad in approx 9 mins now made 2594 - so over 30 pip rise in 9 mins - very active

78 /80 cut off for more scalp buys

 

[Forexmospherian]

9 21 am

GU

news in approx 9 mins

Price at 5014 and fairly flat after a lot of teasing

Above 5005 we still have chance of trying higher above 5035 and 50

Under 5000 - we need to be scalp selling for tests on 4980 and lower

 

[Forexmospherian]

GU

9 29 am

Its set up to fall for news - but that can be just a false sentiment tease -

Price now at 4998 and still a scalp sell

Will not be in at news

 

[Forexmospherian]

9 30 am

GU

yes - 20+ spike up at news

Typical false set up

 

[Forexmospherian]

From what I am seeing on approx 6 different pairs this morning - the market is in total uncertainty - awaiting for more news or direction.

Its OK for scalping - but for now - I cannot see any swing trade possibilities - as just dont trust any of the prices - they look all false for now

Lets hope that changes in next hour

 

[Forexmospherian]

9 46 am

Will pop back after 10 am now

Only 2 pairs I have been scalping last 15 mins as been UCad again and UJ

UCad been good and very active this morning

In last hr we have seen a 30+ pip rise - a 30 pip fall - and then last 15 mins - another 25 pip rise

Will post a chart showing how TW's and key time played out on this pair during next hr

See you in a bit

 

[Forexmospherian]

UCad - 4 - key times for scalps this morning

UCad - 1 Min LR chart

4 key times for scalps

9 00 am - 9 09 am - 9 30am and 9 50/51 am

2 scalp buys - - 2 scalp sells

LRs and PA need to line up with key times in time windows as shown on charts

 

[Forexmospherian]

10 17 am

GU

After news we had the rise from 5000

Now price at 5040 and still trying up

Will be interesting to see if we can get a scalp sell in next half hr TW

Need to check next R levels

 

[NVP]

hey all

i'm tied up today ............heres what ive seen to date

N

http://www.trade2win.com/boards/for...-basic-ideas-strategies-1601.html#post2484182

 

[Forexmospherian]

10 20 am

GU

I notice 5045 to 55 is all an R area

So far we have made 5046

Above 5033 we still have up scalp bias - but that does not stop us scalp selling for 5 -10 pips

this is on atm

 

[Forexmospherian]

hey all

i'm tied up today ............heres what ive seen to date

N

http://www.trade2win.com/boards/for...-basic-ideas-strategies-1601.html#post2484182

Morning N

Will check your links out etc

Glad you did OK yesterday afternoon - for a Monday - it was a cracking day - so far this morning - not easy - my best pips off the UCad on 2 way scalps

Speak to you later

Regards

F

 

[Forexmospherian]

10 20 am

GU

I notice 5045 to 55 is all an R area

So far we have made 5046

Above 5033 we still have up scalp bias - but that does not stop us scalp selling for 5 -10 pips

this is on atm

10 25 am

GU now at 5032 - a 14 pip fall from top and easy 10 pip scalp sell

I have exited for now

 

[Forexmospherian]

GU

10 29

If we get price going under 5029 and 26 - then look at more scalp sells for 5015 -20 area

Above 5035 and 40 is scalp buys gain - but as we have said all R 's from 45 to 55 - so need a breach over 5060 to stay with buys then


GL

 

[Forexmospherian]

UCad - 1 Min LR chart

4 key times for scalps

9 00 am - 9 09 am - 9 30am and 9 50/51 am

2 scalp buys - - 2 scalp sells

LRs and PA need to line up with key times in time windows as shown on charts

The last scalp sell on UCad at 9 50 /51 am - as dropped 28 pips

Still in it on 30% stakes with stop in profit now at 2567

 

[gftrader32]

Re: pairs...


F, I am finding it hard to follow more than one pair....


So far today 3 trades on the EU, 2 loses 5pips, 1 win 7 pips... all trades were with tm, lrs, trendlines...

Any help please?

 

[Forexmospherian]

10 33

EJ

Not been my favourite so far today - its taken 2 losses off me for a total 6 pips

Finally we have seen it rise agin above 133 07 and 133 16 with a high so far of 133 27 - and no- I missed it as concentrating on GU and UCad

Above 133 07 on pullbacks can still be looked at for more scalp buys

We would need back under 133 00 and 93 to be taking and holding on to scalp sells

 

[Forexmospherian]

Re: pairs...


F, I am finding it hard to follow more than one pair....


So far today 3 trades on the EU, 2 loses 5pips, 1 win 7 pips... all trades were with tm, lrs, trendlines...

Any help please?

Hi gft32

This morning as been tough - not easy like yesterday

I have lost a couple of times on EJ and once on EU - but had nice wins off GU and UCad

I would be very surprised if you trade short time more than 2 pairs today so far

Normally I would not be scalping the UCad - but whilst EJ and EU had caught me out - the UCad as been following time and LRs like a beauty

Some days you are best to stay focused just on 2 pairs

However If i had done that purely today on EU and EJ - I would have missed out on another 40+ pips off the Ucad and GU

What you need to do - is check at least 4 -6 pairs every hr to see what suits the system the best - but then just focus on one or max 2 pairs

Its easier for me - because I have been multi trading intraday pairs for over 4 years - so I am used to scanning around etcetc

But on days like this - take it step by step and dont put yourself under too much pressure etc - because you will then make mistakes

Hope that helps

Regards


F

 

[Forexmospherian]

GU

10 29

If we get price going under 5029 and 26 - then look at more scalp sells for 5015 -20 area

Above 5035 and 40 is scalp buys gain - but as we have said all R 's from 45 to 55 - so need a breach over 5060 to stay with buys then


GL

GU

15 mins later

Well we made over 5040 at 10 37/8 am - just before end of TW

Price carried on up as a scalp buy and now topping at 63

I am going to drop to 30% under 55 and put stop in profit at 46