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

[Forexmospherian]

With the US off today - Bank Holiday - it might be slow this afternoon.

No red news announcements - although Eurogroup meeting is a good excuse to use for any moves if need be.

Will check just twice an hour from now and then have a look in more detail after 2 00 pm UK time

 

[Forexmospherian]

EJ - After Midday TW - 5 pip scalp sell - with 2.5 pip stop

EJ - 1 Min LR Chart scalp sell with RR of 2 in under 10 mins

And 10 mins later - another 5 pips - either leave part stake on - or re enter - 0 7 pip cost

 

[Forexmospherian]

12 48 pm

UCad was my 12 30 scalp buy

Chart to follow in a few mins

 

[Forexmospherian]

UCad - another TW scalp buy

UCad 1 min LR chart - not 3 times in TW for scalp buys

 

[dearlife1989]

F, was EJ at 12:09 a really a real signal or just luck? Could that also have been a point after which the price would rise (instead of falling)?

I am focused on my fav pairs UJ and EG so I haven't analysed EJ but on T21 chart I would consider around 12:21 a better clue than 12:09?

 

[karmit]

@dearlife1989: what are you looking at when you say better signal?.. please elaborate.

I also don't see any trend or SR lines on your chart... do you not use them?

 

[dearlife1989]

No trend-lines, SR, etc. because I am not focusing on this pair today... Just based on LRs I don't know why 12:09 would be a sell... and to me around 12:21 looks like a much better place to trade

better clues - behaviour of LRs near TW, SR, trend-lines, news, etc.

 

[Forexmospherian]

No trend-lines, SR, etc. because I am not focusing on this pair today... Just based on LRs I don't know why 12:09 would be a sell... and to me around 12:21 looks like a much better place to trade

better clues - behaviour of LRs near TW, SR, trend-lines, news, etc.

A TL up from low at 11 30 am and scalp buy was breached at 12 09 and 1416/17 - this price then lasted 30 mins with no breach whilst first dropping to 1410 and then dropping again after a bounce back up from 1416 all the way down to 1399 - but extremely slow with US session on holiday

Looking now at 3 00 pm TW's on a few pairs

 

[Forexmospherian]

UCad

2 47 pm

Notice its made 2473 so far

Above 2461 still scalp bullish - but under 2459 and 55 then scalp sells

 

[Forexmospherian]

GU

2 51 PM

Now needs above 5388 and 93 to stay with scalp buys.

If we cannot breach above both look for scalp sells on the pullbacks - but only hold scalp sells then under 5375 and 5370

 

[Forexmospherian]

GU

2 51 PM

Now needs above 5388 and 93 to stay with scalp buys.

If we cannot breach above both look for scalp sells on the pullbacks - but only hold scalp sells then under 5375 and 5370

That worked out well for me

Just made 5388 then under 85 and 3 00 pm was a scalp sell with first exit 76 and now still staying under high and making a LH for another scalp sell - will the high last with no breach in 30 mins now ??

 

[Forexmospherian]

That worked out well for me

Just made 5388 then under 85 and 3 00 pm was a scalp sell with first exit 76 and now still staying under high and making a LH for another scalp sell - will the high last with no breach in 30 mins now ??

GU now just tested 5369 from LH at 83

Also whilst the GU was a scalp sell after 3 and 3 09 pm - UCad at 3 09 / 10 am was a scalp buy 6 pips so far

Market is slow with US off - so not planning to stay around - just popping in once or twice an hr to 6 00 pm ish and see if I can collect more pips to add to the tally

GL

Regards


F

 

[Forexmospherian]

EJ - 1 Min LR Chart scalp sell with RR of 2 in under 10 mins

And 10 mins later - another 5 pips - either leave part stake on - or re enter - 0 7 pip cost

EJ

3 plus hrs later - EJ now down another 30 pips from the scalp

Yes I got a 30% stake on it

 

[Forexmospherian]

EJ

5 08 am

Dropped another 30+ pips up go 5 00 pm and now bouncing from 134 57 area

I do have 134 50 - 55 as a support area

Finished now - its actually been busy last hr or so - and quite a few nice moves on many pairs

Will pop back later on tonight - maybe after Preston V Man U match - just hope we get through ;-)

 

[Fugazsy]

A couple of points here - yes tick and 1 min charts can give you false moves - thats why you will never be 100% accurate. Anything above 70% win ratio is great

2 ) I disagree with some of the short term guru's - you have to be fluid in a dynamic market - ie I will take 4 pips I will take 9 pips I will take 18 pips - ie I dont just look for say 5 pips or 10 pip moves -

3. You need multi trades to make the big returns. It would only be possible for you to take say 10 + trades a day if you have say 4 to 6 hrs to do it in.

If you only have a 2 or 4 hr window to trade - maybe 3 -5 trades is all that might be possible on one or two pairs - but when you scan 6 pairs and can then trade with stops in profits - you can then have 4 or 6 trades open - with no risk - as stops are in profit - ie a win / win scenario

Study MM latest results from Friday

All the detail is there - he used 2 good FX pairs that moved well and multi traded with part stakes as well

No gurus really discuss this in detail - but its important for continual success

You end up knowing you could take 30 or 5o trades over a 10 hrs session - but its too tiring - but just 12 or 15 trades over a day is fairly easy when you have been doing it for years etc

Hope this helps


Regards



F

Hi F

sorry I cannot see any historical chart with entry and exit, I can only see added arrows, but do not worry about it.....ta

 

[Forexmospherian]

Hi F

sorry I cannot see any historical chart with entry and exit, I can only see added arrows, but do not worry about it.....ta

Hi Fugazsy

The historical chart (s) on the GU scalp - with comments prior are on thread 36832 -

2 charts the bigger morning picture and then the actual turn point one in the TW

Regards


F

 

[Forexmospherian]

Tuesday 17th February 2015 - Pre Opens

GM to all FX Intraday Traders

Notice we have some red news on the UK Pound this morning at 9 30 am and then half an hour later red news on the EU

I am only around for first hour and then popping in and out - but hope to be back for the 2 lots of red news.

Yesterday in the end was not too bad - even with the US Bank holiday - the markets later on had some good movements in them and some 30% stake trades left on in the afternoon turned out very favourable up until 7 00 pm UK time.

Normal stuff again today - quick reviews and updates along with levels for possible reversals or BO's and initial scalp trades.

I will always include the EU - but might not major on it every day - as some days there are other pairs with far better PA and movements etc .

Have a good day and feel free to pop in and comment with your own FX intraday forecasts etc etc

Regards


F

 

[Forexmospherian]

EU

6 52 am

Yesterday it dropped out of the 1400 area down to 1320 and then again in the Asian session before pulling back up to 1365 area

We have supports at 1342 to 55 for a start now and price is in a scalp sell at 1347 .

Would need supports to hold and a try over 56 and 59 to be scalp buying

 

[Forexmospherian]

GU

6 57 pm

Price dropped approx 100 pips down to 5340 area yesterday and over the last 12 hrs as risen back up to the 5380 area with supports now at 1355 to 65 area.

Price structure for the session is like the EU and bullish for now above the support areas - but as we know after LO that can all change quite quickly

A scalp sell from 6 30 am and 79 - but so far not under 5372

 

[Forexmospherian]

EJ

7 03 AM

Another pair that in the end nearly dropped 150 pips yesterday down to 134 00 area and then 133 95 in the Asian period.

Now back up at 134 45 after making 134 80 approx 3 hrs ago

Main interim supports 134 35 -45 area and session bullish above this area - for now

This pair is normally my favourite and is a good mover most of the time and one I prefer normally ahead of the EU