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

[DowJones]

Just flattened final tranche on this position . +37

Excellent trade. Good entry, well managed, great exit (I think you pretty much caught that whole move).

 

[spinola]

Cheers, DJ. And I note Major M , nailed the reversal leg back down too !

Different topic . I note on CNBC they are talking about that blooming ' patient ' word with the fed and the FOMC again, how many times it may be mentioned or dropped . I can't get my head around , how they try and make a news story out of it all the time. Seems a bit desperate .

 

[Forexmospherian]

Tuesday 17th March 2015 - Pre Opens

Good Morning FX Intraday Traders

We had some red news over the Asian session and we have 3 more items - one on the EU at 10 00 am and then 2 more at 12 30 pm on the US and Canadian Dollar

Normal stuff today - out again for 45 mins so miss the LO but back after approx 8 30 am for an hour or two

Will cover at least 6 key pairs and will be looking at trading 3 to 5 pairs depending on their movements etc

All contributions welcome along with questions etc related to Intraday FX trading

Have a good day


Regards


F

 

[Forexmospherian]

Nice

EU

6 45 am

For me it was a scalp buy after 6 30 am and 6 39 am - end of TW

In last minute just seen a lovely spike up of approx 40 pips - and I am out with 26 of them at 70% stake

30% stake stop left in profit at 0569

 

[Forexmospherian]

Draghi in next 4 mins or so

EU at 0583 with a high so far at 0620

Structure bullish above 0540 area

EU

This is how I saw it last night

Above 0540 for me the US session was bullish

In fact we did not drop under 0549 /50 so thats kept the bullish bias going - but now need above 0620 and 0630 to stay holding a buy on over the morning

With EU news at 10 00 am - we may just stay in the 70 pip range for now - but what ever happens - hopefully we will be there with it

 

[Forexmospherian]

The big money dump at just after 6 41 am - seems to be across the board and also covered the GU and AU / EJ on buys - and sells on the UCad / UChf / UJ

A clear case of dollar weakness on that move

Unfortunately - i was only in one scalp at 6 39 am - so missed all the other opportunities - but will now look at the next ones in the EO time window

 

[Forexmospherian]

Its a classic example on why the hour before the European Open - and before the LO at 8 00 am can be important

For last 5 years I have always tried to be about and starting my trading between 6 and 6 30 am UK time

Sometimes it can be a waste - and I have to wait for the main action to start.

Then on odd mornings like today - its all worth while ;-)

 

[Forexmospherian]

7 00 am

No continuations from the move after 6 41am so far - price staying still in the range and I am exiting the EU 30% stake at 0578 - as we have gone into a scalp sell

 

[Forexmospherian]

EU

i will only look at buying or holding a new scalp buy on longer if we see over 0590 and 0600 now

We have approx 15 mins to beat the high of 0598 - thats if we are going to do it in this hour

 

[Forexmospherian]

The bounce on the UChf as been strong as well retracing 16 pips from its low

30 min rule now on at least 6 pairs being watched from approx 6 42/44 am

 

[Forexmospherian]

Nice

EU

6 45 am

For me it was a scalp buy after 6 30 am and 6 39 am - end of TW

In last minute just seen a lovely spike up of approx 40 pips - and I am out with 26 of them at 70% stake

30% stake stop left in profit at 0569

EU

7 09 am

It looks now as though my 30% stake stop in profit would have been safe as we stopped at 0572/3 and bounced up again

Need above 0593 and 0602 to take new scalp buys now

 

[Forexmospherian]

Before I pop out - i will post my EU chart - showing what I was seeing after 6 21 am / 6 30 and 6 39am

 

[Forexmospherian]

Noticed the UJ as breached its low in 30 mins - not in it - but retraces staying under 121 37 / 8 should be sells gain now

 

[Forexmospherian]

7 17am

We are now past 30 mins from high on EU - and by rights if its going to be breached - it should be after another 30 mins

Trouble is UJ as breached the sequences - as this pair as breached its last low in 30 mins

 

[Forexmospherian]

7 18 am

EU

Could be atease but its still a buy atm and just 3 pips off high at 6 43/44 am

 

[Forexmospherian]

EU

7 20 am

We need under 84 and then 76 and 70 to be scalp selling as above each level we are still in scalp buy bias

 

[spinola]

I've had a couple trades EU shorts, scratched one, nick 6 ticks on another, ( no losses) feels like swimming against tide. So I'm out anticipating to get long at a good fill if it comes .

See what happens . Good old ding dong !

 

[Forexmospherian]

here we try again at 7 23/24 am

 

[Forexmospherian]

I've had a couple trades EU shorts, scratched one, nick 6 ticks on another, ( no losses) feels like swimming against tide. So I'm out anticipating to get long at a good fill if it comes .

See what happens . Good old ding dong !

Morning Spinola

Yes its been a tough one last 30 mins -

I have got 0601 now on one platform and whilst above 86 will stay with 30% stake on the buy

 

[Forexmospherian]

GU and others now all teasing their highs