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

[gftrader32]

Ideal after 8 40 am today - but lets see if we keep dropping to 9 00 am or so ??



F

based on what? 8 40am

 

[Forexmospherian]

I have 63 to 68 on EU all interim supports now ??

Looks as though it did not need them

Turned from 72/73 area and made the bounce over 0990 now

30 min rule needs the window to last with no over say 1003

Then more sells if we stay under there

 

[be-positive]

morning EU heading further south here from 82 area ?

 

[Forexmospherian]

hi f, can you refresh my memory about this rule? you mentioned it yesterday as well as today... cannot find a reference to it.

Yes no problem

When ever we get an interim high or low level - ie a new high or low in the day - then if t can go over 30 mins with no breach - its stronger and needs another 30 mins to become breached

So if the 1000 high lasted 30 mins - it really needs another 30 mins in approx terms to be breached - thats if it is

The longer a interim level holds in time - the stronger it becomes as a forec or a level

Remember this will only work in 70 -80% of the time - as nothing is 100%

But its another clue to use on your list to help with decision making etc

If both a interim high and then low both hold for 30 mins with no breach - then a BTTZ area - ie a trick tease area set up to con traders and make them enter the wrong way

Hope that helps


Regards

 

[gftrader32]

short eu again 9.07 am

 

[Forexmospherian]

Excuse me for 10-15 mins - a couple of phone calls and need a cuppa

 

[Forexmospherian]

based on what? 8 40am

Will post my chart in a bit

Based on new high and a R area and end of TW at 8 39 am and then LRs and then PA and lastly trendline over last 9 -10 mins previous

Risky - but stop for me was 1002 - yes that close

 

[gftrader32]

9 30

EU in BTTZ

 

[Forexmospherian]

9 30

EU in BTTZ

Correct

Also forgot GU news at 9 30 am

 

[Forexmospherian]

EU

9 36 AM

We have kept too LH's and need another LL next under 0970 ideally

This is a BTTZ from say 0960 to 1005 - as supports 63 -68 and R's at 1000 -1003

Lets see if one level does go next

 

[be-positive]

:cheesy::cheesy::cheesy:

 

[Forexmospherian]

EU

9 42 am

Whilst we stay under 0990 / 93 on any pullbacks or bounces - we should still drop again - BUT as long as we get clear under 0960 and 50 next

 

[Forexmospherian]

GU

9 48 am

Forgot all about the 9 30 am news - until 9 30 am - glad I was not in a pound trade

Prior to News it had seen price fall for approx 50 mins and then after news it carried on

I joined the party after end of 9 30 am TW at 9 39 am at 4932/33

4900 is a support area

 

[Forexmospherian]

Must post EU chart next for Gft

 

[Forexmospherian]

EU - after 8 39am and 1 1000 price

EU - 1 Min LR Chart with main TW at 8 39 am

Main reasons to sell at top

1. Time - and also EJ and others at R areas - 1000 is a big round number and a R area on the EU

2. Last trendline over previous 9 mins breached

3. LRs starting to go over

4. Would need above 1003 or 05 to carry on up

5. After 5 mins not over 1000 and falling

6. Other pairs joining in - ie UChf / UCad / UJ starting to turn up and EJ falling as well

7 then 30 min rule on highs and lows

8 Worth a scalp - minimum off that scenario maybe 5 -7 pips - so far dropped 45 pips - so after 100 mins a trade with RR of say 8 to 12 depending on stop size

Check out the time line and LR's

 

[Forexmospherian]

GU

9 48 am

Forgot all about the 9 30 am news - until 9 30 am - glad I was not in a pound trade

Prior to News it had seen price fall for approx 50 mins and then after news it carried on

I joined the party after end of 9 30 am TW at 9 39 am at 4932/33

4900 is a support area

GU

10 07 am

Low so far 4894/5

Guess what happened over 4900 after 8 51 am ?

Yes will hope you got in on any price from 4903 onwards

Price now at 4937 - but pullback actually been up approx 45 pips in less than 25 mins

Crazy - but so nice if you took any scalp buy after 8 51 am in the 9 00 am TW

 

[Forexmospherian]

Going to get an early dog walk in on a lovely sunny morning

Been a nice morning trade wise

Will be back after 11 00 am

On EU keep an eye on 30 min rule on 0954 low just before 9 50 am

If it lasts with no breach - keep buying - but if then no over 0992 and 1005 + - dump and sell again

See you later guys and GOOD TRADING

 

[spinola]

Took loss -8 ticks. Sloppy entry, paid +2 higher than would of liked, which came about from talking with wife in kitchen , coming back, seeing the buy op zone, 10-20 second assessment , I wanted in , +2 paid too much .

Still, market structure still bullish, so re entry .... coming out +7, + 21 and + 37.

If you fall out of step , you can lose rhythm and timing effectiveness worsens.

 

[Forexmospherian]

EU - After 8 39 am and then 9 51am

2 charts

First one posted over an hour ago

Next one just taken at 11 05 am

Latest chart shows what happens after 9 51 am on first chart

Yes a nice 45 + pip rise again

11 00 am - no 1005 - scalp sell again

 

[Forexmospherian]

Took loss -8 ticks. Sloppy entry, paid +2 higher than would of liked, which came about from talking with wife in kitchen , coming back, seeing the buy op zone, 10-20 second assessment , I wanted in , +2 paid too much .

Still, market structure still bullish, so re entry .... coming out +7, + 21 and + 37.

If you fall out of step , you can lose rhythm and timing effectiveness worsens.

Yep - could not agree more

If you get out of sync and also jump back in - easy to get caught out

I never mind if I can rescue entry and out B/E or with a couple of pips - but then if its a 5 + pip loss - you kick yourself for thinking - what am I doing lol

Still - as long as you get a few trades over 10 or 20 or even 30+ pips - all is rose and back to normal