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

[SteveJM]

Thanks for your answer Peter - a good trading day for all!

 

[SteveJM]

Pete, I noticed you often use 2 prices to denote S/R, for example you say "Under 6501 and 97 would scalp sell again" ... I'm interpreting that as you seeing S/R as an area rather than a fixed line in the sand - correct??

If so, then I am thinking that as per this example you would really only sell on break of 97?

 

[SteveJM]

a tremendous 60 pip spike down on the EU - no obvious news I can see so the manipulators are setting up their stall taking out stops prior to fomc

 

[MajorMagnuM]

m o a r r g h

 

[MajorMagnuM]

27% for the session

 

[MajorMagnuM]

max vol used on 10k acc was 500k

 

[MajorMagnuM]

Pete, I noticed you often use 2 prices to denote S/R, for example you say "Under 6501 and 97 would scalp sell again" ... I'm interpreting that as you seeing S/R as an area rather than a fixed line in the sand - correct??

If so, then I am thinking that as per this example you would really only sell on break of 97?

each of those numbers that F quotes may denote a different kind of s/r

 

[MajorMagnuM]

eu shaping up for a sell?

 

[MajorMagnuM]

key res 4 me 3662

 

[MajorMagnuM]

will sell at 52

 

[MajorMagnuM]

wld then need 47 and 42 to hold a sell.

 

[MajorMagnuM]

eu i see low has actually held for long enough to suggest more sb. watching uc and eu

 

[MajorMagnuM]

aha. but the hi of eu has also held for a while so we are BT.

 

[MajorMagnuM]

sell order removed. Looking aT IT WITH ROSE TINTED SPECS, A bt MAY GIVE ME A BETTER R R entry opportunity

 

[MajorMagnuM]

might buy uc at 0895
watching for window end to make assessment

 

[MajorMagnuM]

95 going, so 894 next?
eu not moving past key res @62(yet) at while uc dips

 

[MajorMagnuM]

ah, shld have noticed uc hi held for long enough to, wld have got in there if i had seen that

 

[MajorMagnuM]

crikey i bough uc here, as tw closed and int supp was not touched0.89408 supp i mean

 

[MajorMagnuM]

sl is 3.6 pips

 

[MajorMagnuM]

also sold eu now with sl of -4