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

[be-positive]

gft hope you did not get a kick in privates if on EU

 

[gftrader32]

gft hope you did not get a kick in privates if on EU

no not really, just monitoring

 

[Forexmospherian]

yes i know that....just matter of recognizing s and r from key level

eu still scalp buy right?

I will post my chart on EU in a bit

EU - OK

Check out on your chart

7 51 am approx - I had all my LRs under saying price higher - still a scalp buy

8 00 am - hit start of a R area at 0786/7 to 0790 - all R

8 09 am - most of LRs going over saying this is more of a sell

Then 8 09 am price lower than 8 00 am and then 8 21 am price lower than previous both and also under interim support levels

So anytime from after 8 00 am and 0786 it was a sell



Now 25 mins later its breached all interim levels and 0750 and down at 0739 / 40

With a fall like that - its bouncy ball time - but under 0767 still a sell - and even under 50 still a sell until we get a support that holds

If this support matches up in TW etc then we might be able to scalp buy

But we only jump in when we see a level holding and a change in PA and at least a couple of Lrs under etc as move down been strong

 

[Forexmospherian]

find myself stuck unable to read 8 00 to 8 25 move in real time

That normal for all traders not used to scalping and reading PA and time and levels at an advanced levels

its like putting some one who has never driven a car in say the snow or ice and say OK drive 30 miles etc

There would be a problem

But once he adapts and understands etc - he would be OK

You are all new to this - it took MM over 8 months to really pick it up

First 2 months - he was still confused and not understanding etc etc

 

[gftrader32]

That normal for all traders not used to scalping and reading PA and time and levels at an advanced levels

its like putting some one who has never driven a car in say the snow or ice and say OK drive 30 miles etc

There would be a problem

But once he adapts and understands etc - he would be OK

You are all new to this - it took MM over 8 months to really pick it up

First 2 months - he was still confused and not understanding etc etc

next s at 725 / 720?

 

[Forexmospherian]

Here's another tip

at 8 00 think of the circumstances - ie price coming up to a R level and previous high

8 00 am Key Time

Previous 5 -10 + mins price rising - and then it stops

SO wait for the clues to come in - ie PA - LRs etc

You know you stop - ie 0790 max

Then at 8 09 am end of TW is price lower than at 8 00 am ??

How many Lrs over ?

Is PA saying a LL and LH on 1 min ?

Can it fall to supports or TL ??

See all the questions you ask yourself - that will only take you 10 seconds to think about - once yoy have been doing it a few hundred times

Then remember even MM and me - we are never 100% correct

I am delighted at any win ratio over 75% - so every 50 trades or scalps - I could have 12 bad trades or trades I get wrong in direction

They do happen - you can never be 100% because trading is not black or white - its GREY ;-)

 

[Forexmospherian]

next s at 725 / 720?

Yes under 0740 then we have levels at 0700 and 0710 and a few from 20 to 30

Trouble is - none recent ie in last week

Because of that - its more difficult to be accurate

For now bounces under 0750 are still sells - but dont know if 30 or 25 or 20 or lower atm

 

[Forexmospherian]

Notice GU coming down to 4800 and thats a support area

Need to check other FX pairs levels etc

 

[Forexmospherian]

EU

8 45 am

Under 0740 still a sell - with 6 mins to new TW

We have not gone under 0730 yet - so that might be level - but not at TW still

 

[Forexmospherian]

EU

8 45 am

Under 0740 still a sell - with 6 mins to new TW

We have not gone under 0730 yet - so that might be level - but not at TW still

GU also not under 4800 for now

 

[Forexmospherian]

If you are about G - then you would exit all or part your stake on any EU sell

You would only scalp buy - if you are experienced and expect a bounce over 40

You cannot go from being say a newbie scalper to advance level in just a few hrs or days or weeks - normally its months etc

 

[Forexmospherian]

Last EU bounce at previous levels was about 13 pips or so

So we would need to see a 15+ pip bounce to feel we might be slowing down and having a rest

 

[Forexmospherian]

Interesting

GU now under 4800 supports - BUT - EU holding above 0730

 

[Forexmospherian]

The bounce on GU was 12 pips max - just not enough and then after 8 51 am it breached under 4800

EU bounce so far 14 pips and Lrs slowing going under with PA still saying low holding atm

That could still change after 9 00 am

 

[Forexmospherian]

If you are about G - compare the EU and GU charts and spot the clues on LRs etc - so you see whats working and whats not etc

 

[Forexmospherian]

9 03 am

A very busy morning

Going to have another 15 mins break and then update etc

 

[gftrader32]

If you are about G - compare the EU and GU charts and spot the clues on LRs etc - so you see whats working and whats not etc

charts gu still sell, eu isn't

 

[Forexmospherian]

charts gu still sell, eu isn't

Well spotted

But now - unless we make over 0750 with EU - it will test the supports again - or do a HL and break through above 0750

GU - no real support held yet - 4800 no good and now 4780 not strong enough

4769 trying to hold

 

[Forexmospherian]

let me know your times you are about for say 30 mins or so today - then I can pop in your thread and we can scalp together

I am out at 10 30 am for about an hour / 90 mins

Should be then around and about most of day up to 5 00 pm - with just normal breaks etc

 

[Forexmospherian]

With GU at 9 30 am

9 09 am price was still higher than 9 21 am and although 4768/9 held we need really above 88 to stay with buys

So far bounce up only 14 /15 pips and maybe not enough