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

[Forexmospherian]

I will start with some quick intraday reviews on main pairs first as you know my TW's and KT's so therefore if I am scalping them you will probably be knowing what I am doing before any comment etc

 

[Forexmospherian]

EU

Approx 6 53 am

Price at 0943 and still trying up - and I still have 30% stake left on from a scalp buy at 0930

I need over 46 and then 56 to stay with buys - as both 44/45 and 53 are R areas

Pullbacks staying above 0932 are still in a scalp buy price structure for this AM session

Would only be taking more sells under 0929 and under 0920

 

[Forexmospherian]

GU

6 58 am

Another bullish early session price mode over 4880 for me with price currently around 4912 ish


Did not take a scalp buy after 6 09 am or 6 21 am - as focused on EJ and EU

Would only scalp sell under 4908 and 4900 and as mentioned then under 4880 supports to stay with that move

Ideally we need to see a move up over 4925 and 50 etc

We do have red news on UK Pound at 9 30 am this morning as well

 

[Forexmospherian]

Out EU at 45 after a 46/ 47 stall

 

[Forexmospherian]

Always worth keeping an eye on 30 mins interim H & L rules early morning on all main pairs

 

[Forexmospherian]

For example - the EU interim low was at 6 00 am at 0921

Now by rights after say 25 / 35 mins with no breach- it favoured higher.

But after 55 / 65 mins then it can try and breach under it again if its had no luck breaching above the R's areas higher

 

[Forexmospherian]

Notice after 7 00 am and EO - dollar strength coming in - as falls on EU / AU / NU / GU / etc and rises on the 3 U's - ie UChf / UCad / Uj

 

[Forexmospherian]

7 08 am

Yes - jumped on EU and EJ sells after 7 03/ 4 am - that move was strong and manipulated - already breach of last lows

 

[Forexmospherian]

Out EU at 45 after a 46/ 47 stall

This comment was at exactly 7 00am

Did not scalp sell under 45 - but by 7 03/4 am and under 36 - I did - so lost out there - but move was strong - and experienced scalpers would see it was a manipulated set up

Low so far 0915 / 16 and already down to 30% on scalp sell which will leave on under 0931

 

[Forexmospherian]

EJ

7 13 AM

Dropped 24 pips in approx 12 mins so far - and still trying lower - but down to 30% stake at 55

 

[Forexmospherian]

EU

Approx 6 53 am

Price at 0943 and still trying up - and I still have 30% stake left on from a scalp buy at 0930

I need over 46 and then 56 to stay with buys - as both 44/45 and 53 are R areas

Pullbacks staying above 0932 are still in a scalp buy price structure for this AM session

Would only be taking more sells under 0929 and under 0920

EU

7 15 am

Well stayed with scalp sells when 0929 and 20 were breached with low so far 0912

See how quick a structure can change ?

Now unless we go back over 0932 and 40 - we are in a bearish am session price mode - with 7 00 am and EO being the instigator of the change

 

[Forexmospherian]

Notice after 7 00 am and EO - dollar strength coming in - as falls on EU / AU / NU / GU / etc and rises on the 3 U's - ie UChf / UCad / Uj

Shame I did not scalp 8 pairs simultaneously - now I bet Major M will be trying that one

3 is maximum for me - and that's a push

 

[Forexmospherian]

7 21 am

Well a moved started in between windows at 7 16 / 17 am

Out sells and in EJ scalp buy only at 55

That was a bouncy ball effect after quick fall

 

[Forexmospherian]

GU

7 24 am

Notice this price structure is more bullish than EU and its seen with another high after a 18+ pip fall

Above 4903 on any pullbacks - GU still in a bull / buy bias

 

[Forexmospherian]

I have exited my EU last scalp sell 30% stake before stop in profit at 32 - as in EJ scalp buy only and guessed it was not worth staying with a EU sell for now

 

[Forexmospherian]

With a bit of luck - I will be made my daily pip target ( although not money target) within an hour of trading

Always like busy mornings pre London Open

 

[Forexmospherian]

EJ


7 30 am

Out scalp buy 70% at 69/70 after a high just at 74

will leave 30% stop in profit tight at 63

 

[Forexmospherian]

GU

7 24 am

Notice this price structure is more bullish than EU and its seen with another high after a 18+ pip fall

Above 4903 on any pullbacks - GU still in a bull / buy bias

GU

7 33 am

Down to 4904 and I want to scalp buy again after markets trying to dump weak bulls

We do have red UK Pound news at 9 30 am - so maybe part of the set ups etc

Need under 95 and 85 to be selling more

 

[Forexmospherian]

GU

7 33 am

Down to 4904 and I want to scalp buy again after markets trying to dump weak bulls

We do have red UK Pound news at 9 30 am - so maybe part of the set ups etc

Need under 95 and 85 to be selling more

7 39 am

GU at 4903 and still cannot buy just yet

Tricky one as I get the feeling it wants to stay above 4900 - but wants to dump as many previous buyers as possible

 

[Forexmospherian]

EJ


7 30 am

Out scalp buy 70% at 69/70 after a high just at 74

will leave 30% stop in profit tight at 63

Been taken out on 30% stop in profit at 63 and then back up again - market loves stop hunting although no new high over 74 so maybe it will fizzle out for now