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

[Forexmospherian]

6 36 am

LitS areas on some main Key FX pairs for Price structure Bias for the AM session


EU - 1060 - 1075 ish

GU - 5605 - 5615 ish

EJ - 136 65 - 136 85 ish

UChf - 9610 - 9622 ish

UCad - 2925 - 2935 ish

UJ - 123 55 - 123 65 ish

AU - 7340 - 7355 ish

GJ - 192 85 - 193 05 ish


LitS are important for more type of intraday tradng - and for me come from my 1 min LR chart

Price above the LitS areas favour bullish movements and more scalp buys and below - the opposite - but remember you can always scalp either way if you are only looking for 3 -10 pip moves

GL

 

[Forexmospherian]

Good morning!

Excellent! Many thanks for a very complete answer! I will go through it thoroughly after the day. In the meantime I will be here in the shadows :innocent:
Again thank you very much!!

Best regards
Jon

Morning Jon

You are welcome

All the best


Regards


F

 

[Forexmospherian]

EU

6 44 am

Update etc

Price at 1047 and its been a sell after 5 00 pm from the 1080 area

I took my first scalp sell at 6 31 am at 10575 - I had not gone with 6 09 or 6 21 am as thought might have seen a bit more of a bounce up - but not to be

We are under the LitS area and for me I would need back over 1075 and 80 + to be holding on or taking new scalp buys for tries up to 1100 +

First R's above are 1060 -65 and supports under at 1040 - 30 and 20 and 17

6 39 / 40 am was the scalp buy from 48/49 - but we need over 60 to stay with it or think a turn might be on

Under 1044 and 39 more scalp sells for now

 

[Forexmospherian]

EJ

6 48 am

Normally my favourite FX intraday pair - its moves better than EU and although slightly larger spread - the 6 31 am scalp sell like the EU dropped 15 pips compared to EU's approx 10 pips

Again - set up like the EU and it dropped from its LitS area after 5 00 am - but was not up then to catch all of those 35 + pips

The 6 39 am buy ( again like EU ) as only gone 7 pips so far and i can only hold or stay with it above 53/4

 

[Forexmospherian]

Be careful again exactly at 7 00 am and exactly at 8 00 am if you are in any scalps - in case we get spikes off the bots etc. It does not happen every morning - but always be aware and ready

I am here for 8 00 am London Open - but out from 8 10 am to 8 45 am ish and again around 9 30 am for another 30 mins

The main news in 7 00 pm - so might just do a couple of hrs am and then only an hr pm so that I am around for maybe an hr 7 - 8 pm tonight - all depends on the PA and the movements etc

 

[Forexmospherian]

GU

Update for 7 00 am EO

Quite volatile - been a scalpers paradise from 6 00 am ( NVP would love it) with a 8 pips up - 7 pips down - 6 pips up - 7 pips down etc etc but so far no under 5600 or under supports

We need back over the LitS area to hold scalp buys on - ie over 5613 and 16+ and for now under 5610 is just sells - awaiting supports to let go

 

[Forexmospherian]

7 02 am

No real spike on the hour - just a nice bit of dollar weakness coming in and the EJ moving up 11 pips over 3 mins.

 

[Forexmospherian]

Best scalp of morning so far for me

EJ after 6 39 am and after 6 59 am - so far made 19 pips out of a 14 pips move up and will look to scalp buy again if we stay above 136 39/40

Remember 30 min rules on interim highs and lows as well

 

[Forexmospherian]

7 12 am

The 7 09 spike down was too quick for me to add scalp sells

its gone under 39 now - so might not be able to scalp buy again - all depends if we stay above 136 33 and 30 now

That quick drop happened on EU as well - but on that pair just holding a 30% sell under 1062

 

[Forexmospherian]

If you are checking or trading other FX pairs - for now we have dollar strength - the UCad and UChf want higher and the Swissy as done another morning high - that basically means the GU / EU / AU etc should fall more - and they are all under their LitS area.

The trouble is always - S & R areas - support and resistance or supply and demand areas - and these can stop the moves in their tracks - one as just broken on the GU - ie 5600 ish

Will others get breached as well - lets see

GL

 

[be-positive]

morning watching EU for possible long

 

[Forexmospherian]

EJ

7 21 am

Its the odd one out today - so not my favourite now lol

EU and GU have both been good boys and doing what it says on the Tin - ie falling and we are or have been in sells on them - so OK

EJ though - its mucked me up

i wanted to buy again above 136 39 / 40 - but it dropped under there to 34 - but then stayed above its crunch support area and did not join others on falls

that cost me 3 pips - but i had made 19 pips out of it pre 7 05 am - so should not complain

That's trading - except small losses - get out of them quick and try and stay with the winners - even on part stakes - just get that stop in profit ;-))

 

[be-positive]

in long

 

[Forexmospherian]

morning watching EU for possible long

Morning BP

Yes - EJ never fell and still trying to turn up and EU as been too easy - so you could be right

GL and have a good day

 

[Forexmospherian]

EU

7 27 am

we need to see over 48 and 52 to stay with any buys

I reckon would only sell again under 34 and 30 next - above there see if buys can get above 52 ?

 

[Forexmospherian]

Anyone watching time syncs - 7 21/ 22 am UK was the one KT on many pairs so far

Noticed GU bounced up 9 pips from there so far - was not in it though ;-(

 

[be-positive]

comeon EU get into gear

 

[be-positive]

ffs this is like asking F to not post up spaghetti charts (lol)

 

[Forexmospherian]

EJ is back as my favourite again now ( lol) - but GU could take that place - and EU - it needs help its that slow - but still trying

Even AU moved up 10 pips from 7 21am ish - surprise

 

[Jon Salgerier]

Yes of course

Only managed 4 pips though. Selling now at 7.39 also...

Anyone watching time syncs - 7 21/ 22 am UK was the one KT on many pairs so far

Noticed GU bounced up 9 pips from there so far - was not in it though ;-(