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

[Forexmospherian]

EU

6 43 AM

Easy one from start of 6 30 am TW and really 6 20 /21 am and 1365 - ie scalp sell

I expected it to stop by 58 -60 - but surprised - it went lower than yesterday to 1355.

I am down to 30% and now moved stop to 61/62 - and waiting to see if we do try under 50

If we dont then I will exit 30% stake before 61

 

[Forexmospherian]

EJ

6 46 am

Exactly same set up at EU - but did not jump in it at 6 21am and 135 10 area

It made 135 01 and now bouncing

By rights under 13 we should be able to scalp sell again

 

[Forexmospherian]

EU

6 48 am

I am out my 30% stake at 58 - we have not tried under 54 or 50 for now but notice - under 64 /66 - we should be able to sell again - as price structure for this hour is still bearish

We need to keep an eye on 30 min rule as well - as if that works - different scenario

 

[Forexmospherian]

GU

6 51 am

Price at 5423 and session PS still bullish above 5405 and 5410

Need really above 5435 and 40 to be holding scalp buys on - and if we have any further pullbacks lower - remember 5400 -5410 is fairly good strng support for now

 

[Forexmospherian]

AU

6 55 am

AU is set up slightly different to European pairs - above 7800 its PS favours bull moves for this early session

We need to see above 7815 and 22 to hold on scalp buys etc and sell really can only be held on longer under 7790 and 80

 

[Forexmospherian]

We will see the 30 min rule work on EU and EJ by end of the 7 00 am TW

This then favours tries up - as would need another 30 mins to test under lows so far this morning - thats if it needed to

 

[Forexmospherian]

Leaving UCad and UJ alone atm - will await better PA and moves out of tight ranges on them first.

With 3 red news items in next 3 hrs - we maybe should focus more on EU / GU and even EA / EG / EJ etc etc

 

[Forexmospherian]

Will we try under 1350 by 7 09 am - or not ???

 

[Forexmospherian]

1360 at 7 00 am was a scalp sell - but I would be out before 62 if we dont see under 55

 

[Forexmospherian]

1360 at 7 00 am was a scalp sell - but I would be out before 62 if we dont see under 55

Taken 70% off at 52 and 30% left on whilst under 57

 

[Forexmospherian]

Same on EJ with drop - both breached low within 30 mins

 

[Forexmospherian]

GU

6 51 am

Price at 5423 and session PS still bullish above 5405 and 5410

Need really above 5435 and 40 to be holding scalp buys on - and if we have any further pullbacks lower - remember 5400 -5410 is fairly good strng support for now

GU

7 12 am

Like the EU - price as fallen - but remember the main supports at 5405 and 5410

Price currently at 5416 - so maybe half hr TW - I will look for bounces and scalp buys

News not on GU for another approx 2hrs - but the 2 EU red news announcements may still effect it

 

[Forexmospherian]

7 14 am

EU down at 1340

EJ down at 134 80

Moved 30% stops in profit to 134 93 and 1349

Will take hits OK and then reviews to see if we look for scalp buys if no new lows

 

[Forexmospherian]

Ideally want to exit around 7 20 to 7 28 am - then re enter depending on PA and size of any bounces

 

[Forexmospherian]

Out EU at 1343 and EJ at 134 82

PA suggests scalp buys now - but need to see over 7 pip bounces and then would try and scalp buy on pullbacks if still above lows

 

[Forexmospherian]

Both EU and EJ are still bearish - but we still can get 7 -20 ip bounces and then falls again

Because I scalp - I can chase every pip if I think its worth while - and on scalps with 2-3 pip stops - then really 7 -10 pip moves are great as RR's from 2 to 3

I would not recommend this to any trader who has not got at least 1000+ live scalps behind them or with less than 3 yrs Intraday experience - please stay step by step and cherry pick you trades etc etc

 

[Forexmospherian]

AU

6 55 am

AU is set up slightly different to European pairs - above 7800 its PS favours bull moves for this early session

We need to see above 7815 and 22 to hold on scalp buys etc and sell really can only be held on longer under 7790 and 80

AU

7 25 am

Slowly been rising up to 7815

Pullbacks staying above 7809/10 are scalp buys for now - but need over 22 to stay with them or take more

 

[Forexmospherian]

30 min rule on interim low / highs on EU / EJ started at 7 10 / 7 11 am

 

[Forexmospherian]

7 39 am

We are nearer enough now to know any falls again in next 5 -15 mins on EU and EJ should stay above their new lows for another 30 mins and price should then try higher

 

[Forexmospherian]

Out EU at 1343 and EJ at 134 82

PA suggests scalp buys now - but need to see over 7 pip bounces and then would try and scalp buy on pullbacks if still above lows

7 42 am

Those scalp buy bounces so far

EU up 19 pips

EJ up 22 pips