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

[Forexmospherian]

Keep an eye on the time with regards to interim lows and highs all around the 8 00 am time - for the 30 min rule

 

[Forexmospherian]

8 07 am

Update for end of London Open TW at 8 09 am

GU / AU / and even EU have all been sells in this TW from 7 51 am

So far AU as made interim low of 7791 and bounced from Open

GU low so far 5141 and again bounced at LO

EU low so far 0839/ 40 - and another bounce

Only went with AU scalp buy for now

AU

8 17 am

So far the bounce and scalp buy on AU from just after 8 00 am as been worth 20 pips

I only went with AU first on scalp buys after the LO but both GU and EU joined inand in fact now beaten the AU in terms of retraces - but failed to go with those 2 having left part stake on sell with stop in profit - that as now been taken out

 

[Forexmospherian]

When you look back at this last hour - say from 7 21 am to now - there as been some great 2 way intraday moves

In fact if you just look at 3 pairs - EU / GU / AU and forget the others for now - between 6 and 8 scalps on them could have easily netted you over 150 pips - yes that many in just 1 hour.

NO - I did not get 150 pips - in fact no way near that - but considering at 7 00 am this morning - I was behind schedule with not one trade made - I have now comfortably made my daily target ;-))

Not such a bad start to a new week after all

 

[Forexmospherian]

Will pop back nearer the 9 00 am TW next

 

[Forexmospherian]

9 04 am

Update

GU - now under 5170 - price structure still favours lower

Need back over 75 and 82 + to be scalp buying

EU- 0870-75 like the line in the sand - Under both favours lower - over both prices then look at scalp buys again

AU - under 7810 and 7800 favours scalp sells

Need back over 7826 and 35 to be holding or taking new scalp buys

GL

 

[Forexmospherian]

GU

9 17 am

If we do manage to breach under 5140 - then next supports at 5125 / 30

If 40 holds and any scalp buy makes over 52 and 58 - stay with it to R's at 65 to 70 area

 

[Forexmospherian]

EJ

9 22 am

Not mentioned this pair after my first comment saying after 7 00 am it was a nice scalp buy

It went up over 30 pips and peaked so far at 129 63 and then after 8 30 and 8 39am was a scalp sell and similar to EU with it falling again

Supports now all around 129 20 / 25 area

Need under 18 and 13 to be holding scalp sells on longer - otherwise look for scalp buys in support areas in next TW

 

[Forexmospherian]

9 04 am

Update

GU - now under 5170 - price structure still favours lower

Need back over 75 and 82 + to be scalp buying

EU- 0870-75 like the line in the sand - Under both favours lower - over both prices then look at scalp buys again

AU - under 7810 and 7800 favours scalp sells

Need back over 7826 and 35 to be holding or taking new scalp buys

GL

9 25 am


Still as mentioned for now

 

[Forexmospherian]

EJ - 1 Min LR chart with 2 important TW's this morning

EJ

9 22 am

Not mentioned this pair after my first comment saying after 7 00 am it was a nice scalp buy

It went up over 30 pips and peaked so far at 129 63 and then after 8 30 and 8 39am was a scalp sell and similar to EU with it falling again

Supports now all around 129 20 / 25 area

Need under 18 and 13 to be holding scalp sells on longer - otherwise look for scalp buys in support areas in next TW

Latest chart prior to 9 30 am Key Time

 

[Forexmospherian]

9 39 am

9 30 am was a Key Time

It was also good on AU / EU and EJ - not checked any other pairs for now

 

[watsone]

How do you work out your support/resistant levels F? if it's previous highs/lows,what timeframe do you use and how far back do you look?
Sorry if you've covered this in previous post/s

 

[Forexmospherian]

9 51 am

EU

We have a new line in the sand area now at 0844/47 area

Price above this area - then it favours tries higher and scalp buys again

Prices staying under the line - ie 0844/47 now need to breach under 0820 /25 supports to remain as sells. If this does not happen it will test 0844/47 again - until either that area allows further rises - or if it holds then its back to testing 0820/ 25 again

 

[Forexmospherian]

How do you work out your support/resistant levels F? if it's previous highs/lows,what timeframe do you use and how far back do you look?
Sorry if you've covered this in previous post/s

No problem Watsone

Mainly off a 1 min to 3 min chart over last 1 hr to say 12 hrs

I look for prices that have held previously - ideally for 3 -5 mins and then given retraces or pullbacks etc

They are only interim levels and not major pivots / Fib areas etc - but many times in intraday trading they are more accurate than 4 hr or daily levels.

For dynamic S & R interim levels - all based on trendlines from last moves


Hope that helps W

Have a good day


Regards


F

 

[Forexmospherian]

Because all our chart platforms may differ by 1 to 3 pips in levels - I give approximates. My low might be 0824 on my chart - but on your platform it might be 22 or 23 - or even 25

 

[watsone]

No problem Watsone

Mainly off a 1 min to 3 min chart over last 1 hr to say 12 hrs

I look for prices that have held previously - ideally for 3 -5 mins and then given retraces or pullbacks etc

They are only interim levels and not major pivots / Fib areas etc - but many times in intraday trading they are more accurate than 4 hr or daily levels.

For dynamic S & R interim levels - all based on trendlines from last moves


Hope that helps W

Have a good day


Regards


F

Thankyou

 

[Forexmospherian]

10 23 am


EU - cannot crack under 0820/25 - so with latest low holding for over 30 mins - its been a scalp buy and is presently testing 0847 /50

Any pullbacks staying above 30 /32 are scalp buys again and next R area above 50 to the 0860 area

 

[Forexmospherian]

10 23 am


EU - cannot crack under 0820/25 - so with latest low holding for over 30 mins - its been a scalp buy and is presently testing 0847 /50

Any pullbacks staying above 30 /32 are scalp buys again and next R area above 50 to the 0860 area

EU

10 mins later

We failed to make over 0850 and 10 30 am KT - was a scalp sell

By rights 30 / 32 should hold - but as we have gone into a BTTZ area now - it could be just tease time and false moves

Under 0823 - 19 - then hold sells on for next supports - if 30 /32 does hold - then we do need above 52 next as really 45/47 / 50 are all R areas again

 

[Forexmospherian]

EU

10 mins later

We failed to make over 0850 and 10 30 am KT - was a scalp sell

By rights 30 / 32 should hold - but as we have gone into a BTTZ area now - it could be just tease time and false moves

Under 0823 - 19 - then hold sells on for next supports - if 30 /32 does hold - then we do need above 52 next as really 45/47 / 50 are all R areas again

Time wise for moves on EU so far last hour

10 21 am was a scalp buy time

10 30 am was a scalp sell

10 39 / 40 am was a scalp buy

and finally

10 51 am was last scalp sell from 0843

Now at 11 05 am we have not had a 11 00 am bounce up and price is currently testing 0832 again

4 scalps could have made comfortably 25 pips - and best 2 on EU worth 12 pips and 9 pips

If you go to EJ chart - you will see similar KT scalps available as well

 

[Forexmospherian]

Midday update

EU

Low so far 0821 and then from 11 39 am and approx 0826 it was another scalp buy

We need to see above 0852 and 55 to stay with scalp buys though

GU

Low 5119 - 5120 - scalp buy from 11 51 am at 5127 area

AU

Flat atm - not bothering with for now


EJ

After 11 39 and 11 51 am - both scalp buys again above 129 23

We need over 45 to stay with scalp buys now

 

[Forexmospherian]

12 38pm

I reckon time for a lunch break - no main red news over 1 to 2 00 pm period- but get the feeling we will see something happen before 1 30 - 1 45 pm

See you a bit later