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

[Forexmospherian]

Monday 8th June 2015 - Pre Opens

Good Morning to all FX Intraday Traders

I hope you have had a great weekend and ready for another busy week

From after 6 00 am the EU and the EJ have both been scalp buys.

I have not checked all pairs yet this morning - normally I just focus on my main 3 pairs that I know I will be trading every day ie EU / EJ and the GU

However I rarely trade 3 pairs simultaneously and normally the EU and EJ are my preferred combination for simultaneous scalps.

Normal stuff today - ie quick update and levels on up to 6 -8 pairs

All members are welcome to contribute with charts forecasts - calls - ideas - in fact anything to do with Intraday FX trading

Have a great week and most importantly a Good day.

I am up 24 pips now off the 2 scalps - so nearly half way there in under 25 mins on my daily target- but dont worry not stopping when I hit my daily target

All the best


F

 

[NickBk]

Morning F and all,
Looking forward to another great week following here as much as I can.
GL

 

[Forexmospherian]

EU

6 43 am

My morning "line in the sand" on this pair for Price Structure ( PS ) is approx 1110/15.

Above both these prices - Price favours trying higher again - whilst under both prices then it goes more bearish again.

Main interim first levels are 0990 - 1000 for supports and then 1135 -40 for R's

So above 1134 / 40 we favour higher to next R's at 1150 / 60 - 85/90 - 1200 etc

Under 1000 and 0990 then more tests on supports at 0975/80 and lower at 50/ 60

I came out my scalp buys after 6 30 am - but have not scalp sold for now

 

[Forexmospherian]

Morning F and all,
Looking forward to another great week following here as much as I can.
GL

G M Nick

Good to hear and I hope its all making a bit more sense to you with regards to my intraday method

Any questions etc - you are welcome Nick - and have a good one

Regards


F

 

[Forexmospherian]

GU

6 51 am

Price currently at 5270 area and my line in the sand for am PS is approx 5255/65

Above both prices look more for bullish bias and under both price is more in a bearish mode

Supports are at 5250 / 60 and R's from 75 to 80 - so a tight area for a start

A scalp buy atm - but needs over 73 and 77 to stay with buys and PA is not ideal atm for scalp

 

[iroukis]

GM Everybody, have a nice session

 

[Forexmospherian]

EJ

6 58 am

Price as risen nearly 50 pips from 3 00 am and so far from when I scalp bought it after 6 00 am approx 18 pips

We are at an R area around 139 50 / 55 and my line in the sand on PS is approx 139 30/35

Not in any scalp for exactly 7 00 am EO - as we might get a sudden spike - either way on the hr change first

 

[Forexmospherian]

GM Everybody, have a nice session

GM iroukis

You too and have a good day

Regards


F

 

[Forexmospherian]

7 00 am - well at least the spike up is in favour of the PS on EU / EJ etc

Now need to see if we can scalp buy again on pullbacks

 

[Forexmospherian]

Ideally for the EU to keep rising and price trying higher we need to see the Swissy / UChf under 9400 and 9390 - ie it lines in the sand on PS

it is a scalp sell atm - but so far not gone under 9405

 

[Forexmospherian]

GU

6 51 am

Price currently at 5270 area and my line in the sand for am PS is approx 5255/65

Above both prices look more for bullish bias and under both price is more in a bearish mode

Supports are at 5250 / 60 and R's from 75 to 80 - so a tight area for a start

A scalp buy atm - but needs over 73 and 77 to stay with buys and PA is not ideal atm for scalp

GU

7 07 am

Price now made 5279 and above 71 on pullbacks still a scalp buy again for now

Remember though the 5280 area is a R level - so really we need to see over 85 and 90 next to stay with buys

 

[Forexmospherian]

7 09 am

Its started before the end of the hour TW - pullbacks or quick stop hunts - probably making up foor them not happening more at 7 00am EO

The PS is still bullish on the 3 I mentioned - BUT - we cannot just allow 5 -10 pips to be taken of our scalp profits - so I pull out as soon as I see it happening

I have not scalp sold yet - but looks like its a false set up on more scalp buys after 7 05 am

 

[Forexmospherian]

Its a great example of total manipulation into R areas - and then pullbacks

We are still just about in the bullish PS for now - its just the gameplay time - so be careful

 

[Forexmospherian]

EU

6 43 am

My morning "line in the sand" on this pair for Price Structure ( PS ) is approx 1110/15.

Above both these prices - Price favours trying higher again - whilst under both prices then it goes more bearish again.

Main interim first levels are 0990 - 1000 for supports and then 1135 -40 for R's

So above 1134 / 40 we favour higher to next R's at 1150 / 60 - 85/90 - 1200 etc

Under 1000 and 0990 then more tests on supports at 0975/80 and lower at 50/ 60

I came out my scalp buys after 6 30 am - but have not scalp sold for now

EU

7 19 am

Note comment from approx 30 mins ago and line in the sand level

Ideally you sold it under 1110

 

[Fugazsy]

Its a great example of total manipulation into R areas - and then pullbacks

We are still just about in the bullish PS for now - its just the gameplay time - so be careful

GM F

no manipulation what so ever, just a great example of a false BO and a spike down as a consequence of bulls trapped covering and bears jumping in adding more fuel.....have a nice day.

Fzsy

 

[Forexmospherian]

GM F

no manipulation what so ever, just a great example of a false BO and a spike down as a consequence of bulls trapped covering and bears jumping in adding more fuel.....have a nice day.

Fzsy

Hi Fugazsy

You may call it normal PS - I call it a trap made by the LPs and the players - pure and simple

Retail traders and small commercials would not be able to achieve this on their own - but traders with larger size - can set the false BO up easily

Traditionalists would call it just part of intraday trades - but nowadays its known as gameplay - and is a deliberate set up - whether legal or illegal - thats the hard bit to explain

You could even have 10000 traders buying the EU after say 6 50 and 7 00 am - and one player - take them all out - just on size alone

Have a good day and great week

Regards


F

 

[tar]

Morning

GBPNZD areas of interest 2.1625/2.1675 for Cable its 1.5250/1.53 , Euro 1.1075/1.1110 , yen 125.25/125.75 , EJ 139.25/139.50 . And GJ 191.50/192.00 .

 

[tar]

Metals :

XAU 1170/1175

XAUEUR 1055/58

 

[Forexmospherian]

GU

6 51 am

Price currently at 5270 area and my line in the sand for am PS is approx 5255/65

Above both prices look more for bullish bias and under both price is more in a bearish mode

Supports are at 5250 / 60 and R's from 75 to 80 - so a tight area for a start

A scalp buy atm - but needs over 73 and 77 to stay with buys and PA is not ideal atm for scalp

GU

7 33 am

GU - made 5279 and then after 7 05 am pullbacks - but stalled at 5255/ 60 line in the sand and support area

7 21 am and 5260 was the scalp buy again - but for me needs above 73 and 77 again - to stay with buys

 

[Forexmospherian]

Morning Tar and some new guests

Have a good day