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

[Forexmospherian]

6 43am

EU / EJ / GU

All scalp buys after 6 00 am and 6 21 / 6 30 am - so far

This was my comment well over 2 hrs ago

GU now been odd one out

Great bull run up to LO

Then gave up at 5800 and been a sell last hour dropping to 5770/75 area

Still want to buy it again - ideally either now - or worse case 5760/ 65 area

 

[NVP]

interesting triad signals on those 3 indexes on 1hour .............??

I have spent over 15 years now looking at forex correlation and in truth 99% of patterns break down over time and are just fleeting coincidence more than enduring and profitable systems

but 1% do stick

N

thanks to Tar for the interesting research item

 

[Forexmospherian]

Ah well, in that case....

That first chart was from FXCM's trade station - that's what I use to make the trades, but all my charting is done on MT4, so what I was actually watching is below. Bit confusing I know.

Basically I read a messed up consol triangle, with smaller triangle inside. Not pretty. And then watching other levels and patterns on M5. It's a bit of a head mash really

View attachment 192740

If you dont mind - i am going to add to your 5 min chart etc - to give you an extra aid

Give me 5 -10 mins or so

 

[NVP]

This was my comment well over 2 hrs ago

GU now been odd one out

Great bull run up to LO

Then gave up at 5800 and been a sell last hour dropping to 5770/75 area

Still want to buy it again - ideally either now - or worse case 5760/ 65 area

gu has been disappointing more recently ...........

but really one would be very unlucky to be pips down if selling usd in usd pairs during this london session so far

N

 

[Forexmospherian]

Ah well, in that case....

That first chart was from FXCM's trade station - that's what I use to make the trades, but all my charting is done on MT4, so what I was actually watching is below. Bit confusing I know.

Basically I read a messed up consol triangle, with smaller triangle inside. Not pretty. And then watching other levels and patterns on M5. It's a bit of a head mash really

View attachment 192740

Sorry cannot do want i wanted too atm

Was going to add a Ray line angle and just 1 LR

Will try it out later on

 

[Geofract]

EU

I did not start buying until after 6 09 am and got more in when I came back just after 8 30 am


See the Lits area - ie assisted by red LR - and also LR mainly all under price etc


Also the TLs for highs and lows etc etc

Got it, I see what you're saying with the lower TL. I missed that one.

Thanks for the chart.

 

[Forexmospherian]

gu has been disappointing more recently ...........

but really one would be very unlucky to be pips down if selling usd in usd pairs during this london session so far

N

Very true - thats the key - and then picking the pairs that give you the best results etc from dollat weakness or dollar strength

 

[NVP]

Very true - thats the key - and then picking the pairs that give you the best results etc from dollat weakness or dollar strength

absolutely F ............absolutely ..........with my looks and your brains we will go far !!

N

 

[Forexmospherian]

Continuing from yesterday




This morning

EU - 1170 - 85 area

GU - 5725 - 40

EJ - 139 25 - 45

UJ - 123 80 - 95

UChf - 9325 - 40

UCad - 2318 - 2338

AU - 7730 - 7745

UCad - 9 30 am update

Stayed under LitS area

 

[Forexmospherian]

This was my comment well over 2 hrs ago

GU now been odd one out

Great bull run up to LO

Then gave up at 5800 and been a sell last hour dropping to 5770/75 area

Still want to buy it again - ideally either now - or worse case 5760/ 65 area

GU

9 37 am

Nice scalp buy above 5775 and after 9 am and 9 21 am

 

[NVP]

UCad - 9 30 am update

Stayed under LitS area

ucads correlation patterns changed around 6.55 (7.55 bst)

both indexes were bear until cad decided it was time to bounce ..rest is pips !!!

N

 

[Forexmospherian]

ucads correlation patterns changed around 6.55 (7.55 bst)

both indexes were bear until cad decided it was time to bounce ..rest is pips !!!

N

That looked a strong turn on Cad bullish turn coming in after 7 55 am and LO resulting in nice sell off on UCad the next 90 mins

Also check out your Aussie correlation - that went really bull as UCad dropped

Another nice 2 pairs(UCad / AU) with negative correlations normally - ie when ones rising - normally the other falls

 

[NVP]

how far is usd going to fall today ?

who cares ..just keep selling it on the scalps !!!!

N

 

[NVP]

That looked a strong turn on Cad bullish turn coming in after 7 55 am and LO resulting in nice sell off on UCad the next 90 mins

Also check out your Aussie correlation - that went really bull as UCad dropped

Another nice 2 pairs(UCad / AU) with negative correlations normally - ie when ones rising - normally the other falls

I have talked about "tribal" patterns on the G8 many times over the last few years on my thread ..............generally you have 3 camps #

2 aussies
usd / yen
3 Europeans

clearly they can have internal spats at times and that screws the tribal patterns ..........and also CAD seems to jump between all 3 camps all the time

but generally I am trying to get 2 tribes moving in same direction and I trade the other tribe against them ......well the usd/yen anyway..........I don't trade Europeans against aussies on scalps due to spreads

N

 

[Forexmospherian]

EU

Update at 9 47 am before new TW and next hour

High so far 1234 /35

LitS area - ie 1170 -85 - so up over 50 pips in terms of bull rally

Needs now to stay above 1195 / 1200 on any pullbacks - before more scalp buys

Watch 30 min rule on last high - and low on UChf as well

Over 1240 + more scalp buys

 

[Forexmospherian]

Back next hr - having a break

 

[NVP]

9.39.........usd bear getting tested ........

 

[NVP]

9.51 .....still no usd resell.............

 

[NVP]

I have to let the usd show me at least another 3-4 pip move north before I slow my sells

 

[NVP]

uber uber aggressive traders could buy usd now (sell Europeans)

but that's pretty ballsy

gu 5794 eu 1219