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

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GU -

The low was end of time window at 12 09 pm at 64 - which is also a HL above last low of 59

Above 60 and 65 - prefer looking at scalp buys

Under 58 and say 54 prefer more scalp sells for now
 
2 mins 12 30 pm

Gu need it to stay above 59 and 64 for another 12 -15 mins


then can scalp buy more


Under 63v and 58 - would be scalp selling
 
or is cable opposite to au

if these guys are moving together then its normally because the USD is in a trend and they are both getting the action / benefit of the lean

generally when USD is in the doldrums (mainly :cool:) i would look to see them opposing each other before I entered on either .............they are not bosom buddies in correlation camp and i prefer to see them in opposite camps for trading opportunities / max pippage :smart:

N
 
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Cable trade closed (frankly, and as you all saw, it didn't go anywhere near as well as I'd expected)

Edit: So after an initial couple of pips draw-down, the trade bounced in a small range. I closed it at +6.8 just under some big resistance. Seems to be no follow-thru after Carney's comments, and we have US news approaching...
 
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