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

[Forexmospherian]

10 36 am

Line ups and scalp syncs started for me after 10 09 am and 10 21 am - both KT's

EU - peaked so far at 1037 and interim supports at 1000 to 1009 area

EJ - peaked so far at 136 23 and interim supports around 135 90 ish

GU - stayed above its lows - made over 5480 and peaked at 5497 and pullback to interim supports again at 5465/70 area

UChf - bottomed at 9430 and been a scalp buy since after 10 00 am - R;s at 60 to 70 next

 

[Forexmospherian]

GU

After 10 39 am it was a scalp buy but needed over its last high at 5497 to stay with scalp buys

This happened on the 10 45 am candle - a strong 1 min moving up over 30 pips in the 60 second

Now at 10 50 am price made so far 5573 - a quick strong move and pullbacks staying above 45 are still scalp buys again for now

 

[Forexmospherian]

EU

10 54am

Still cannot make above 1040 R area

GU just moved up in 20 mins approx 95 pips - meanwhile EU made about 15 -18 pips

Self explanatory really

 

[Forexmospherian]

GU

After 10 39 am it was a scalp buy but needed over its last high at 5497 to stay with scalp buys

This happened on the 10 45 am candle - a strong 1 min moving up over 30 pips in the 60 second

Now at 10 50 am price made so far 5573 - a quick strong move and pullbacks staying above 45 are still scalp buys again for now

GU

10 57 am




Well I hope you are in a scalp buy still

since last comment 7 mins ago - now up at 5600 - ie 30 pips more in those 7 mins

What a mover this morning after a fall before its 9 30 am news

We need over 5610 to stay with buys next or over 10 and 15 to take more

 

[Forexmospherian]

GU

11 02 am

Can only really hold scalp sells on longer under 5570 and 60

Above both still really could test 5600 again

Under 60 and 55 would be thinking its topped for now and would be scalp selling more

 

[Forexmospherian]

Moves of 100 + pips in 15 mins normally scare many day traders

They should not scare scalpers using say 1 or 3 min time frames - in fact 15 mins is a long time and although it difficult to catch the whole move - always look at getting over 50 % of it - and on the way try and get more stops in profit or even trail

You would have needed a trailing stop of over 22 pips on that last GU move - ie not a normal 15 pips - but will post a chart to show you what helped me to stay with it - yes you guessed - time and LR's

 

[Forexmospherian]

GU - 100+ pip move up in approx 15 mins or so

GU

1 min LR chart with KT's and LRs keeping you with the move to 11 00 am when it took a 25 + pip pullback

Supports under at 5540 to 50 if 65/70 lets go

Keep an eye on 30 min time rule on interim highs and lows next

 

[Forexmospherian]

GU - From midnight to 11 am ish today

GU

1 min LR chart over 12 hrs

European Open and 7 00 am said sell - it dropped 30 pips or so

After the low held at 5449 ish 30 mins - it was then just HH's and HLs over next 2 hrs and 150 pips later

First chart the scalp buy after 10 39 am onwards and scalp sell after 11 00am

Second chart - the bigger picture of the GU last 12 hrs or so

 

[NickBk]

Hi F,
Been doing my real job, other than trading.
Wow at the GU I hope you did well from it, as it seems.
Good for the doubters too, my system shows buy at 10.31/10.32 and also my graphs look pretty like yours.
So I missed the points but got a nice confidence boost on our time spent here.
GL

 

[Forexmospherian]

Hi F,
Been doing my real job, other than trading.
Wow at the GU I hope you did well from it, as it seems.
Good for the doubters too, my system shows buy at 10.31/10.32 and also my graphs look pretty like yours.
So I missed the points but got a nice confidence boost on our time spent here.
GL

Hi Nick

Thats' good to hear

As long as you can keep your mind free and fluid

ie on GU today - my bias after 7 00 am UK time was sells

But then when a low holds 30 mins - and then 60 mins - you started to have to look at other options - and in GU case it made a new morning high - the news got it bullish and agree after 10 30 - onwards it was 20 -25 mins of moves up - in fact 100+ pips in just over 15 mins

If I had not been fluid and flexible - after 7 00 am I would have sold and then been stopped out - simply because over a few hrs - it all can change - a great example being on the GU this morning

All a bit quiet now but 11 37 / 39 am on EU and EJ was scalp sells - with moves in sync

 

[Forexmospherian]

EU

12 00 pm / Midday update

The high so far this morning on the EU at 1043 as now gone over both 30 and 60 mins with no breach

We now need a support to hold over 30 mins for try up again

For me above 0996 and 1000 - I still have the EU session bullish for now

I know that might be different to other FX traders etc - the majority looking just at sells today for 0900 or lower

For me to be stronger on sells - I need price under 1000 - 0995 and even the low of the morning at 0965 ish to be selling off more

Hope that makes sense

 

[Forexmospherian]

EU

12 07 pm

We have a tight range of 1015 ish to 1045 ish - say 30 pips

We need to come out of it by 5 -10 pips to start buying more above 1045 - or selling more under 1015

In the 30 pip range - be careful if scalping - as many moves might be trickery etc etc - this I normally call a BTTZ - tease area

 

[Forexmospherian]

12 50pm

Two lots of Key US Dollar red news at 1 30 pm UK time

Be back before then

 

[Forexmospherian]

Red Dollar news in 4 mins next

EU set up bullish atm

 

[Forexmospherian]

1 30 pm

Brilliant

Initial dollar weakness

EU massive spike up

Dollar key pairs drop

 

[Forexmospherian]

EU

1 33 pm

Made over 1082

needs to stay above 1035/40 for more scalp buys

 

[Forexmospherian]

EU

Price back up at 1066 at 1 38 pm

we need to stay above 50 to hold buys on longer

Selling off UChf / UCad etc

 

[Forexmospherian]

GU

1 41 PM

Needs to stay above 5590 / 93 to carry on buying after initial spike of 5634

 

[Forexmospherian]

EU

12 00 pm / Midday update

The high so far this morning on the EU at 1043 as now gone over both 30 and 60 mins with no breach

We now need a support to hold over 30 mins for try up again

For me above 0996 and 1000 - I still have the EU session bullish for now

I know that might be different to other FX traders etc - the majority looking just at sells today for 0900 or lower

For me to be stronger on sells - I need price under 1000 - 0995 and even the low of the morning at 0965 ish to be selling off more

Hope that makes sense

EU

1 44 pm

After US Dollar red news

Price made 1082 ish and after a pullback still in the 1065/70 area

1080 is a R area - so we would need to see over 1088 and 93 to stay with buys for a try over 1100 next

Would only sell really under 1050 and even then - need back under 1020 and 1000 to even think of holding sells on longer

 

[be-positive]

afternoon short EU 62 Stop 10