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

[Forexmospherian]

UCad

Noticed now under 2000 after being above 2100 earlier this morning

Bounces staying under 2035/ 40 - still sells again - but depends then on time rules etc and if any new lows

 

[Forexmospherian]

4 36 pm

EU dropped to 1227 and then bounced just after half hr change

Would need above 1245 to stay with scalp buys as 38 to 43 area all R's

4 45 pm

EU

now at 44 /45

A good example of why you watch time and look for a new low - to BUY from

All part of the market tricks to catch the inexperienced ( and experienced ) traders out

Now its watching 30 min rule from 4 31 pm

 

[Forexmospherian]

Looks as though that 4 31 / 32pm bounce / scalp buy was good for EU / GU / AU / GU etc

No - at this time of day after finishing already once - only went with EU - but still a nice RR of nearly 5 in under 20 mins

 

[MajorMagnuM]

There is a complete narrative in the pa structure here.
clue one second green triangle price above yellow line
clue two time of thrust down.
clue 3 end of thrust own time
clue 4 third green triangle price above blue line
clue 5 HL IN TIMESTAMP
CLUE 6 RED RES GOES 0240

 

[Forexmospherian]

Wednesday 13th May 2015 - Pre Opens

Good Morning to all FX Intraday Traders

Mid week in May and the 13th as well and a normal start for me - ie 6 21am on the EU and EJ

6 00 am and 6 09 am ( was not trading at that time ) was sells on these pairs - but 6 21 am saw the change.

Very pleased to see a fellow Forexmospherian - Sir Gissachance joining in this Forum

He was our Founder and a complete FX "master trader" with over 2 decades of trading experience - and one of the best FX traders I know

Normal stuff again today.

Not posting calls on all my scalps - hopefully if you follow my method - you understand when they might occur and take take them as I do

Will post some live forecast and calls on intraday trades that might last longer than 5 /7 pips and make anything from 7 to 25+ pip moves - all taken with stops on average around 5 pips - but depending on the pairs from 3 to 7 pips max.

All FX traders are welcome to join in and share their charts and ideas etc etc

I wish you a good day

Regards


F

 

[Forexmospherian]

EU

6 46 am

We are in a bullish price AM session above 1220 and 30 this morning with a high so far of 1255

I have only taken one scalp buy on this pair and EJ - both at 6 21 am this morning - exited with 8 pips and did not join in the scalp sell after 6 30 am

Scalp wise - we can trade both ways for now with the immediate range needing aboce 1254 and 60 + to carry on with scalp buys and under 1250 and 40 it favours scalp sells to test supports lower at 1230 and 1220 areas

 

[Forexmospherian]

GU

6 52 am

Price structure wise for AM session similar to EU - ie bullish above 5660 and 70 with high so far this morning at 5690

We need to see moves under 5650 and 40 to be looking at scalp selling and maybe a larger fall to first interim supports lower

After 6 00 am was a sell - but was not at desk to take it - no problem at scalping in both directions until a clearer pattern appears

 

[Forexmospherian]

EJ

6 58 am

Similar set up to EU and in a bullish am price structure above 134 50 and 60 - with a high so far this morning at 134 96.

You can scalp it both ways for now with first supports on sells to look for at 134 70 / 75 and then under there 50 /55

Above 134 91 and 135 00 - would be more scalp buys

 

[Forexmospherian]

EU

7 00 am

I did not take the scalp sell after 6 30 am - after coming out a scalp buy from 6 21 am - but have joined in at 6 49 / 50 am at 1244 - as the move was carrying on and continued past 6 51 am - another key time

Now at 7 00 am price made just 1223 and I am out 100% at 28

 

[Forexmospherian]

7 03 am

Shame - but missed out on EJ scalp sell - that was a similar set up and drop as the EU

 

[Forexmospherian]

Remember these pairs are still in a bullish am PS - so will be looking for scalp buys again whilst we stay above the support areas I have already mentioned

 

[Forexmospherian]

We have just had some red EU news at 7 00 am - on Germany and have more red news at 9 30 am and 10 30am on the GU - so will be looking at that pair more in those hours

Lunchtime at 1 30 pm red key US Dollar news

 

[Forexmospherian]

7 16 am

Keep an eye on the 30 min rules on interim highs and lows - like the EU one at 6 59 am next

Will update again after 7 30 am

 

[Forexmospherian]

Remember these pairs are still in a bullish am PS - so will be looking for scalp buys again whilst we stay above the support areas I have already mentioned

7 16 am

Keep an eye on the 30 min rules on interim highs and lows - like the EU one at 6 59 am next

Will update again after 7 30 am

EU

7 32 am

Well I did give out the clues

The last thing I want to be is an alert service - ie just for traders to copy my trades . I dont mind sharing - but prefer traders to try and learn my method - or a similar Intraday FX strategy

From after 6 59 am - we stayed above supports and price as now risen approx 35 pips peaking at 1259.

A lovely scalp buy on all 3 pairs - but I only went with the EU and EJ

Also note the UChf was in a bearish PS under 9300 and 9290 - and normally oppositely correlated to the EU

 

[Forexmospherian]

7 36 PM

Approx 75 mins after i started - and on 5 winning scalps - now over my normal daily target of 50 pips - including part stake pips.

I could look at finishing my day now - but as you might guess - I will carry on - but not chasing every scalp for just 3 or 5 pips.

Back now after LO at 8 00 am

Hope you too have made a few nice pips this morning


Regards


F

 

[Forexmospherian]

I will when I come back post a chart showing how I saw the price session structure as well

See you in a bit

 

[Forexmospherian]

EU - Wednesday AM - Price Structure for Morning session

EU - 1 min LR Chart with levels and a bullish PS above 1215 / 20 for now

To drop into a bearish PS - we would need to see price fall under 1230 - 20 - 15 and even under 1200.

By then I would be holding scalp sells for larger falls.

Above 1220 and 30 - as already mentioned from 7 00 am - it favours scalp buys to test R areas above 1260 - 80 and even 1290 / 1300

 

[Forexmospherian]

8 09 AM

Notice we have gone over 30 mins from when the last EU high was printed at 1266

I am looking to scalp buy above 1230 if possible - a structure is still bullish - as shown on chart above

I would only hold scalp sells on under 1220 - 15 and 1200

 

[be-positive]

morning short EU 1.1252 Stop -10

 

[Forexmospherian]

8 25 am

GU

I hope you have been keeping an eye on this pair after LO

After 8 01 - 8 09 am - up to 8 21 am - a rise of over 30 pips with a high so far approx 5701

PS is still bullish above 5670 now