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

[Forexmospherian]

If I was the market makers / players - i would drop it back to 1042 / 45 area - get bears in again and then rise it again over 1085 and 1100

But i am not a player - so will have to follow what the big boys do with my few lots ( lol)

 

[Forexmospherian]

Nice indeed!

I missed it, asleep at the wheel... Actually price moving down from 1040 beforehand put me off, as it took out 23/24 ish, but M1 bias was still up (at most a partial bias change) but I presume you stick to Dow theory?

Interesting what you say there

I basically follow only my own rules and theory - sometimes it agree with FIBs / Dow / Gann / PF's / Elliot Waves etc etc - other times - i am totally opposite to all of them - based more on time and PA on just small frames

 

[Forexmospherian]

3 59pm

EJ stopped at 135 96 area - just short of 136 00 - and dropped 20 pips

still scalp bullish above 68/ 70 for now - but watch time rules next

 

[Forexmospherian]

4 07 pm

UCad

now in a range

Under 2660 and 2645 now - its bearish

BUT

Above 2600 and 2610 - still in bullish PS

So 35 pips of range for now - to either leave alone or scalp only

 

[MajorMagnuM]

You ask Major M

I am sure he thought at times in his first 3 or 4 months - he was stupid following me the nutter

But then slowly it all made sense - and hopefully now he would say - yes it works and was worth the learning and agony etc etc lol

NO. imo it was clear you knew where your towel was from the outset

 

[be-positive]

short EU 69

 

[be-positive]

 

[NVP]

ouch............usd falling now .plenty of G7 options to buy into it

sorry - been trading and other things .........

looking back now on my last call here - tell me you all made money selling usd in that last hour

N

and how long will it bounce north for ?.......

 

[Forexmospherian]

NO. imo it was clear you knew where your towel was from the outset

Cheers MM

That's nice to hear - but at times you must have thought - will I ever be able to do it ??

Still your perseverance paid off - and the proof is in the pudding etc etc

I reckon you will improve the strategy even more next


Regards


F

 

[Forexmospherian]

4 33 or 4 38/9 pm on EU and EJ - scalp buys were on

 

[Forexmospherian]

sorry - been trading and other things .........

looking back now on my last call here - tell me you all made money selling usd in that last hour

N

and how long will it bounce north for ?.......

Been a nice afternoon really - after all the action early this morning

This week you might make your 7 million pip target - but I reckon you would need to trade 5 days to do it lol

 

[Forexmospherian]

EU

5 00 pm and after London Close update

Above 1058 and 64 for now - still scalp bullish - but need a new high over 86 to stay with it

Under 1055 / 50 and 40 - again look at scalp sells

 

[Forexmospherian]

Will pop back after 5 30 pm - 6 00 pm to check again - but finished for day now

Hope its been a good one for you


Regards


F

 

[Forexmospherian]

The LitS areas as at 6 30 am UK time

These areas give my on my system the morning main session bias.

Prices above the LitS favour higher and therefore scalp buys

Price below the LitS favour lower and therefore scalp sells

This does not mean you cannot take scalps either way - but the bias should assist by giving you larger moves or probabities etc

First the key 4 pairs - then I wil cover another 4 -6 pair as well this morning


EU - 1010 - 1040 ish - larger due to volatility this morning

GU - 5550 - 5580 ish

UChf - 9405 - 9435 ish

UJ - 122 25 - 122 50 ish

6 37 - 6 39 am - more scalp buys on Yen crosses

LitS areas this morning on other main pairs

EJ - 134 70 - 135 10 ish

GJ - 190 50 - 190 80 ish

Ucad - 2580 - 2610 ish

AU- 7510 - 7530 ish

EA- 4670 - 4705 ish

Can add other popular pairs as well to list - if requested


Going to check out next on these 9 pairs today - the results and success of the LitS first thing this morning

 

[Forexmospherian]

Approx 5 45 pm - results in blue

EU - 1010 - 1040 ish - 1090 / 96 area - 50 + pips

GU - 5550 - 5580 ish - 5625 ish - 45+ pips

UChf - 9405 - 9435 ish - 9470 ish - 35 pips

UJ - 122 25 - 122 50 ish - 122 90 /95 - 45 pips

EJ - 134 70 - 135 10 ish - 135 95 ish - 85 pips

GJ - 190 50 - 190 80 ish - 191 65 - 85 pips

Ucad - 2580 - 2610 ish - 2660 ish - 50 pips

AU- 7510 - 7530 ish - spent most of day 15 pips either side - so 0 pips

EA- 4670 - 4705 ish - 4785 80 pips

Approx total of LitS Today based on 9 pairs - approx 475 pips

60% of it - for not always catching tops or bottoms within 30 mins

Then feasible figures - approx 280 -290 pips starting after 7 00 am EO

 

[MajorMagnuM]

eu atm

 

[Forexmospherian]

eu atm

And another version - although not taking into account time and LR's

 

[MajorMagnuM]

ah yes ty. put me to shame whatever technique!

 

[Geofract]

Many ways to skin a cat... M30

 

[Geofract]

I guess all we need is a line at 1040, the lis.