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

[Forexmospherian]

11 25 am

Interesting to see EU falling - and now under 1300 - but bouncing - whilst GU still in tight range

Leaving my 30% stake buy on UJ still but after another rise will move stop up to 82 - as popping out for at least 40 mins

I just hope the US session is better - as the am session as not been that good - nothing like the first 2 days of this week

Will be back after Midday and in and out then up to 5 30 pm - but hopefully after at least another 6 -8 trades etc

Stay fOcused

See you later


F

 

[Forexmospherian]

UJ

10 55 am

Looks at though its topped for now at 119 90

Still in 30% stake buy with stop moved up to 74

UJ

12 34 pm

It did actually make 119 94/5 before the main fall - and I am now out of my 30% buy stake at 82/3 .

119 65 is an interim support area and we bounce from there at 2 mins past midday its been another scalp buy from 12 09 pm and 119 70

So far not made back over 80 /82 and we need to see above there and 87 to stay with any scalp buys again

 

[Forexmospherian]

11 09 am

UCad

Now up at 2533 after a 2538 high so far

Above 2523 - its still in a scalp buy mode on pullbacks

Under 2520 and 16 - be in scalp sell

Having a quick break - see you in a bit

UCad

12 40 pm

The high so far this morning as been 2545 outside a TW at 11 46pm

Under 2540 its a scalp sell with supports at 2510 -15 area and we need to see above 2531 and 35 to be taking or holding on new scalp buys

 

[tintin1117]

Hello Sir

UCad

12 40 pm

The high so far this morning as been 2545 outside a TW at 11 46pm

Under 2540 its a scalp sell with supports at 2510 -15 area and we need to see above 2531 and 35 to be taking or holding on new scalp buys

Hello Sir, i have been reading through your thread and would like to thank you for your commmittment and coninuted posts, i am new to this, however i would like to ask you, does your approach to scalping have any similarities to Bob volmans approach?

Kind Regards

Tino

 

[Forexmospherian]

EU

12 43 pm

A waste of time for now - really

Price at 1314 and the market as been saying - come on enter me with a sell or buy - and I will have you UNLESS you use 30 pip stops - or scalp for 3-7 pips -

The PA is cr*p - the manipulation is too obvious and really - lets just wait until we get back over 1335 - 50 + - or under 1270 - 1250 etc.

There are other pairs so much easier to scalp meanwhile

 

[Forexmospherian]

GU

After 11 30 pm and 11 51 pm and 12 09 pm - all scalp buy areas from 5282 .

So far still not made above 5300 - but trying now at 12 46 pm

 

[Forexmospherian]

EJ

12 49pm

I have preferred the UJ this morning - its been easier and also with dollar strength - a better mover on way up

Still not got to 120 00 - but in a range now of 119 96 down to 65 with price now at 82 and mid way

We might now fall out of a scalp buy if we dont make above 86 and fall under 79 after 12 51 pm - start on new TW

 

[Forexmospherian]

Hello Sir, i have been reading through your thread and would like to thank you for your commmittment and coninuted posts, i am new to this, however i would like to ask you, does your approach to scalping have any similarities to Bob volmans approach?

Kind Regards

Tino

Hi Tino

My method does have some similarities with some well known short term Intraday traders - like Bob Volman / Lance Beggs / Al Brooks etc.

They all use tick or 1 -5 min charts and price action to look for small moves in both directions etc.

The main differences maybe are my method is more complex and also feature time - which many other scalpers seem to ignore.

My main clues for new moves comes from Linear Regression indicators ( I prefer to MA's and think they have better qualities ) and then trendlines - PA - S & R levels and finally time windows and 6 key times.

I would not suggest it for newer FX traders.

If you have a basic 12 - 18 months FX experience and also the basics from Bob Volman and LB and AL books etc then that would give you a foundation

I also need multi intraday trades of between normally 10 to 20 trades a day - where many others only suggest 3-5 trades maximum - but with larger targets and stops etc

I think it is nearly unique - but being so complex - needs at least 6 -9 months of study and trials to be able to get to a decent level - another member here - Major Magnum as now gone over a year of using it and is developing very well - with excellent progess - and still not at 2k live trades

Hope this helps


Regards


F

 

[Forexmospherian]

UCad

12 40 pm

The high so far this morning as been 2545 outside a TW at 11 46pm

Under 2540 its a scalp sell with supports at 2510 -15 area and we need to see above 2531 and 35 to be taking or holding on new scalp buys

UCad

25 mins later

2510 held the fall for now and from 12 51 pm and 1 00 pm ist been a scalp buy but without making above 2525 and low holding for 30 mins - it will be another scalp sell then

 

[Forexmospherian]

2 04 pm

Other that UCad nice move up from the 1 30 pm TW - there as been no other decent scalps in the 15 -35 pip range

Going to stay round for 2 09 pm and 2 21 pm Key times - and then pop back after 3 00 pm

No real red news - other than that Eurogroup meeting

 

[Forexmospherian]

EJ

2 00 pm and 135 51 - was a scalp buy entry price.

3 mins left in this TW can we make another high above 60 and even 65 ?

 

[Forexmospherian]

EJ

Had peaked at 135 59 for end of TW and was starting to turn into a scalp sell

PA - similar to EU now - fairly cr*p ;-)

 

[Forexmospherian]

I love the fact that the GU as been manipulated to stay under 5300 for approx 5 hrs - with my high at 5298/99

Also the range is so tight less than 20 pips on it -

Meanwhile UCad and UJ - seem to have been moving as fairly normal - with both offering good short term trade opportunities

 

[Forexmospherian]

UCad - The only pair that's been reasonable for me today

UCad - 1 Min LR Chart - with 3 clear trade opportunities

I have actually scalped in 8 times - as my normal other pairs have been that slow with bad PA


Note main TW's and KT's

 

[dearlife1989]

never seen before how something can be ugly and pretty at the same time ahaha

 

[Forexmospherian]

UJ

2 29 PM

I hope DL GOT 2 09 PM on the UJ at 119 75 / 77

Even over 80 was OK to scalp buy as now just made 119 89 - and still trying

 

[Forexmospherian]

UJ

119 94 was last top - and just made 93 now

 

[Forexmospherian]

Thank goodness the US dollar still can move the market lol

 

[Forexmospherian]

Could be double tops on both UJ and UCad now for today

Looking to make scalp sells and would only buy again above highs when up say over 6 pips

 

[Forexmospherian]

UJ looks stronger than UCad atm - will the market allow it up to 120 00 - or will it be controlled now like GU at 5299