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

[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

Comment from 7 03/ 04 am

Swissy stopped at 9402 and never made under 9400 etc

We then got the pullbacks going on

The UChf now for me looks more in a bullish PS having stayed above 9400 and 9390 - can it make above its first R area at 9425 / 30

If it does - the EU will drop under 1080 and lower

 

[Forexmospherian]

AU

7 40 am

7625 - 30 is my line in sand on morning session PS

Under it favours lower and we need above 7630 to be in a bullish PS for then looking at holding or taking more scalp buys

 

[Forexmospherian]

UJ

7 43am

Line in the sand are 125 55/ 60

Above favours more price rises and buys

Under - favours more scalp sells etc

Will be here for 8 00 am LO this morning

 

[Forexmospherian]

7 45 am

I am watching time rules now on interim highs and lows

If we get over 30 mins with both no new high or low - then that for me becomes a BTTZ tease zone

Lets hope we do not get that - as then - its more trickery - again

 

[Forexmospherian]

I can see atm - that the EU is being manipulated the most - purely because the Swissy / UChf is still in a bullish PS and want higher - BUT meanwhile - the EU is seeing price being held up rather than allowed to fall more under 1080

If it can be held long enough - then the BTTZ

 

[iroukis]

I don't think I am fast enough to play this market. Still on the sidelines

 

[Forexmospherian]

1105 and 08 is the cut off on EU for sells now

Under both prices - then EU should fall under 1080

If we go back above 1105 and 08 - then a BTTZ and another trap - or as I call it manipulation

 

[Forexmospherian]

Fantastic manipulation

Trickery at its finest there

 

[iroukis]

They created a very nice trap for the bears at 50h but I was very slow to capitalize on it

 

[Forexmospherian]

Ideally this is when you set up pending or limit orders

At least then when you get trickery - you can catch the larger moves - as long as you are able to get out any scalps prior to the pending orders kicking in

 

[Forexmospherian]

They created a very nice trap for the bears at 50h but I was very slow to capitalize on it

Dont worry - most traders would be caught on moves like that

Thats why you have tight stops and take profits when you can - otherwise you will get fried along with both other bulls and bears in this open hour

 

[iroukis]

I fastly tried to enter an order on dom but by the time I moved the mouse price was already 25 pip up, so hesitated. Never mind I ll wait the next bus.

 

[Forexmospherian]

Lines in sand or levels still the same on all pairs

Note swissy now under 9400 and 9390

Also note the low on EU went 30 mins with no breach

 

[Forexmospherian]

I fastly tried to enter an order on dom but by the time I moved the mouse price was already 25 pip up, so hesitated. Never mind I ll wait the next bus.

Remember as well - this is not normal Price Action

What ever you want to call it - its not normal and maybe only happens like that when the markets can get away with it - ie with some excuse.

Ideally it best to wait on the side lines and join when levels are clearly holding - one way or another etc

 

[Forexmospherian]

I don't think I am fast enough to play this market. Still on the sidelines

Far better to be - when you have all this type of manipulation going on

Its not the norm - but the markets got away with it this morning

Dont worry - after LO and say after 9 00 am - we should have more normal PA

 

[Forexmospherian]

EU

update at 8 07 am

High so far this morning 1165

low 1086 ish

Range 1180 to 1080 - 100 pips

WE might stay in this area all day

If we breach either level by over 7 -10 pips - then you know what to do

Otherwise its now working out the next part of the game plan

ie do we stay under say 1170 and test 1125 / 35 - or do we still carry on up to test 1180 ?

 

[NickBk]

Not a lot of 'normal' action this morning DAX included.

Breakouts my foot!

 

[Forexmospherian]

Not a lot of 'normal' action this morning DAX included.

Breakouts my foot!

Difficult morning so far

I am up near daily target level - but already had 2 losses - both so far under 5 pips

Also 2 scalps that just did not work and I only made a plus 2 pips and 1 pip - so if its bad for me on this play - then I reckon most traders will have suffered some way or the other

 

[NickBk]

F,
I am up too, but as you said a lot of manipulation or unusual price action, that would not be considered normal.
I have been just selling the spikes on EU and scalping 8/10/13 pips and same on dax.
A good morning but for people who are not fast clickers or with fixed orders in it could be expensive.

 

[Forexmospherian]

EU

8 18 am

The 8 12 am bar or candle was a nice reversal candle from new high just above the previous - allowing another 30 mins of trickery to go on

Interim supports 1125 - 35 - 41 - above these prices still a buy for now - but we really need over 75 and 85 to stay with buys a lot longer