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

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5 00 pm coming up - had enough for today - plus champions league on TV tonight

Will pop back in later on

Watch out for more BTTZ now


REgards

F
 
Just popped back in at 7 pm

Notice GU and EJ did go into tease zones - but

EA and AU - both carried on with their respective moves with EA up at 5465

Did not leave 30% on - only now 15% left but had a lot to play with from 5380

Stop on 15% moved up to 5440 now as we still might try another 15 - 25 pips up
 
Wednesday 12th March 2014 - Approx 6 30 am UK time

Morning Traders

Quick update and review of FX pairs I will be looking at intraday trading today

EU - After a visit up to 3915 area on Friday we have had LH's and yesterday a LL at 3834

Price now at 3857 area

Need over 63 and 66 for me scalp buying with R's then at 72 to 85 area

Under 3850 and 46 - back to scalp sells for lower with S's at 3820 -3830 area

You can start scalp selling at 53 - but need under 50 - and 46 to hold the scalp on longer

All stops are approx 5 pips and include spreads up to 2 pips max. For pairs with spreads over 3 pips allow up to 7 pip stops

Never wait to be stopped out - if after entry the trade does not go into profit within minutes and instead goes another 2 or 3 pips against you - get out

You can always re enter if then price goes you way

I will be trying this next 3 days to assist other members on good entries - that require good timing

Try not to enter on a moving train at highs or lows

Look for interim lows and highs and scalp opposite ways - 1 to 3 pips away fromtop or bottom

Timing is crucial - this is where time windows can help - but dont just look at start and end - also watch 1 min past hr and 30 min change

More pair updates to follow
 
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AUD / NZD - not a pair I trade normally - but look how its been falling last 2 days and even this Am

Does not mean it will carry on falling another 50 -100 pips - as getting OS - but a nice example for you on LR charts to see a proper rally

Below 1 0605 still scalp bearish - but then needs 0550 being breached
 
Swissy - above 8770 should still try up and test R's at 8795 -90 area

We do have a BTTZ forming as 76 but currently a scalp sell under 82

So 69 to say 89 - 20 pips of no mans land to take your money. You can scalp it - but be careful and only try for 1-5 pips until it comes out of the BTTZ
 
AU - EA

Au - currently scalp bullish above 8962 and 65

Would need over 70 and 74 to hold any scalp buy on

Would not look at scalp selling until under 62 and 55

EA - opposite to AU most of the time - but a quicker mover

Did make over 5480 - but came out of 15% left on at 5440 area

Still bullish above 5447 and 52 area
 
EJ - need under 48 and 44 for more scalp sells or to hold any on

So far reached only 50 - and I am down to 30%

Will set that stop at 58 - in 7 pips of profit approx at that level

70% made approx 15 pips
 
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