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

[Forexmospherian]

7 30 am

7 20 / 21 am - ALL Changed again

Sell on EU / GU / EJ

Got taken out my GU 30% stake with stop in profit at 26 and that was the clue to revert to sells again

Comment above was from approx 2 hrs ago

I did not leave 30% stakes on all of them as was not here for the 8 00 am EU news - but did manage to get them on 2 pairs when I got back

In the last 2 hrs these 3 pairs have now fallen approx 90 pips in total with the EJ and EU being the main pip earners and GU making a false high pre news to get bulls in

 

[Forexmospherian]

Call after Friday's high on EU at 1290

I am going to cover the EU in detail on my trading journal - "the Devils in the Detail" one and have already mentioned it there - along with my thoughts on the EU for the month of May.

Meanwhile here for now - I am posting my EU 1 Min LR Chart as at close of US session on Friday May 1st.

The main question is the 1290 EU high - just an high for a day or two - or might it be here for a slightly longer period - ie days or weeks or even months ??

I personally have not got a clue as I don't fortune tell - only interim day bottom and high pick - not try to pick the high or low for major changes of over 500 or 1000+ pips - But do try to take advantage of them by leaving part stakes on with stops then in small profits that can be moved into larger profits when I hit lucky .

I need over 1300 and 1350 to start looking at leaving new part stakes on off scalp buys - and whilst under 1280 then you got to favour leaving a part stake on a sell - simply to see if we test under 1050 or even 950 and lower - before another try up.

Anyway here's Friday' chart and then more to follow on the gameplan in the trading journal

So far Tuesday 5th am - the EU as fallen over 220 pips so far from its Friday high

1066/7 low for now

 

[Forexmospherian]

EU

9 48am

The low of 1066/7 was at 9 31 am

We need to watch the 30 and 60 min rule on this interim low next

For now after the low from 9 33 am it was a scalp buy but would need a bounce above 1093 / 6 to stay in any scalp buys

 

[Forexmospherian]

EU

9 48am

The low of 1066/7 was at 9 31 am

We need to watch the 30 and 60 min rule on this interim low next

For now after the low from 9 33 am it was a scalp buy but would need a bounce above 1093 / 6 to stay in any scalp buys

It does look like now any pullbacks staying above 1075 on EU are scalp buys again and then the 30 min rule after 10 00 am

 

[Forexmospherian]

GU

9 53 am

Low was 5089 after news and once back over 5105 and 10 - it was back into scalp buy mode again from 9 39 am

Trouble is without going back over 50 and 55 - its just back in its range and this could then be apossible BTTZ area and we just will have to either scalp for small pips or sit on hands and wait for proper break outs

 

[Forexmospherian]

It does look like now any pullbacks staying above 1075 on EU are scalp buys again and then the 30 min rule after 10 00 am

EU

10 00 am

Now EU as made 1101 and pullbacks staying above 86 are scalp buys again

Nice move this one

 

[Forexmospherian]

EJ

10 07am

Shame concentrated on the EU and GU for news at 9 30 am - and whilst taking nice scalps on both pairs - missed out on EJ .

This pair as just retraced approx 50 pips in just over 30 mins - and i am embarrassed to say only got 17 pips of that move for now

Still thats trading and I should never grumble on what you miss out on - just be happy with the winning pips you make ;-))

 

[Forexmospherian]

Have not mentioned the 3 main US pairs - ie UChf / UJ and UCad as not traded any of them today.

Mainly we have seen dollar strength resulting in falls in EU and GU - but confirmed more about the strength against the Yen - on the 2 yen crosses I trade

The UJ as been bullish - whilst the EJ as been bearish - yet again showing Euro weakness and dollar strength

Remember though- all these correlations can change ever 20 -30 mins and dont always stay the same for hours and hours

 

[Forexmospherian]

EU

10 28 AM

I had 1109 / 10 as the high at 10 05 am and then after 10 09 and 10 21 am it was a sell but can 1086 hold it - so far no as price now at 83

Next interim supports at 1072/ 75

 

[Forexmospherian]

10 46 am

EU

This is textbook stuff for my method this morning on EU

If you go back this last hour - once we went into scalp buy mode after the 1066/ 7 low at 9 31 am then supports formed at 1072/75 and then 1085/86 and now R's at 1109/10.

From 10 30 am and 86 again it was a scalp buy and now at 10 44 am we breached last high in just over 30 mins - ( crafty )

Price now made 1115 and i will be looking at selling again under 1122 / 32 area - as above this level we go back into a bullish price session and that might be tough to achieve this morning

 

[Forexmospherian]

11 03 am

So far EU made 1121 and 11 am was first sign of a quick scalp sell

Trouble is above 1092 / 97 its a scalp buy via price structure - but under 1132 its a scalp sell

This leads to a 35 -40 pip range next

Above 1133 and 50 then keep buying for now - and under 1190 and 75 - then that favours tests lower and again

Could be a BTTZ area next - so might have 30 -60 mins off soon

 

[tar]

FXMO just made a confession in another thread that his scalping calls here are all delayed :clap:

I reckon the ideal time to enter this competition is between 7 pm and 9 pm on the Thursday - as then the live Poll counts and the turnout figures will be available.

A bit like scalping the FX market ;-))

GL to everyone who's already entered and a Free month in a Marbella or St Tropez villa might tempt me ( as long as its in the summer ) ;-))

 

[Forexmospherian]

FXMO just made a confession in another thread that his scalping calls here are all delayed :clap:

My previous comments at 10 48 am and 11 06 ( according to the T2W timestamp) at least give me credence on this matter - ie they were said in ADVANCE of the drop from 1122 at 11 25 am down to 1100 - ie 22 pip drop

I think thats about my 400+ live call in advance of the action - just this year ( 2015)

He He

 

[Forexmospherian]

11 03 am

So far EU made 1121 and 11 am was first sign of a quick scalp sell

Trouble is above 1092 / 97 its a scalp buy via price structure - but under 1132 its a scalp sell

This leads to a 35 -40 pip range next

Above 1133 and 50 then keep buying for now - and under 1190 and 75 - then that favours tests lower and again

Could be a BTTZ area next - so might have 30 -60 mins off soon

This did not post until 11 06 am according to T2W time stamp

But its like a Ronseal advert - (says what it does on the tin)

Ie under 1122 / 32 sell and over 1192/ 97 buy - and its just done both

 

[Forexmospherian]

12 14 pm

OK

1132 could not contain the rises again after the first pullback of 10 pips

We have now tested above 1133 - but really need now over 50 to stay with scalp buys and for pullbacks to stay above 1119 / 20

GL

Back next nearer news at 1 30 pm

 

[Forexmospherian]

1 15 pm

US Dollar and Cad Dollar news in approx 15 mins

Not traded the UCad today and its does not look that nice a pair for now

Under 2100 / 2115 I would say it still bearish with 2080 as the supports

EU is totally undecided in a tight range

Above 1100 you favour more tries up again and a try over 1150 - but for me R's at 1135 /40 might stop that happening

Lets see what the news brings

Will not be in any scalp for news - but hope to be in one within 9 mins afterwards

GL

 

[Forexmospherian]

1 26 pm

Just noticed UCad done a new daily low at 2078/9

Is this purely a set up for news in 4 mins ??

 

[Forexmospherian]

1 30 red news

EU -rising atm

UCad - still falling

 

[Forexmospherian]

1 30 red news

EU -rising atm

UCad - still falling

UCad turned and spiked up now over 30 pips

EU not moving too much atm

 

[Forexmospherian]

We need above 1150 and 55 to stay or take more scalp buys on EU next