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

[MajorMagnuM]

that key bar was just that. it set the tight range, then fail to close above it at start of tw, whites crossed and red above. 62 my dynamic floor

 

[MajorMagnuM]

gu sell sl at be and 70 percent taken

 

[MajorMagnuM]

i sold ej

 

[MajorMagnuM]

above 82 i get out,

 

[MajorMagnuM]

closed ej samll loss

 

[MajorMagnuM]

cmon GU, could Mr Plunkett bang the close for us?

 

[MajorMagnuM]

Closed rest of Gu short

 

[NVP]

hey all .................hope you all got amongst those european buys this afternoon ?...........I also picked up a gold short that was irresistable ......( hey its still a currency ....right ? )

have great weekends ............gotta go do some chores before the missus gets home ......grrrrr

N

 

[Forexmospherian]

EU - 1 Min LR Chart - 30/5 /2014

EU chart with LR structure on a 1 min chart

 

[MajorMagnuM]

eu chart with lr structure on a 1 min chart

that second channel down really did its thing

 

[Forexmospherian]

EU - 20 min Chart for May showing Top and Bottom

 

[Forexmospherian]

Monday 2nd June 2014

Good Morning Intraday Traders

Currently in a EJ scalp sell from 6 02 am approx 40 mins ago.

Will do the normal update of the main pairs I will be looking at trading today - and being a new month I might give then a more in depth review etc

Its a Monday - so might be slow but so far I have made my 10 pips on my favourite - the EJ and not even looked through my other main pairs yet - nor the calender ;-)

Have a great day and month

Regards


F

 

[Forexmospherian]

Just looking at the daily calender. Noticed 2 main red news events through the day - one on the pound and UK - at 9 30 am - so will be looking at the GU pair this morning - and then on the dollar at 3 00 pm - both UK times

 

[Forexmospherian]

EU

At the start of the 7 00 am time window and European Open on the hour price is at 3633.

For the month of may the pair dropped approx 400 pips - but as found supports at 3580 - 3595 - 3601 and now 3612.

Above these prices I am still session bullish - but need to see futher attempts on 3650 R area.

I will scalp sell under say 45 down to 3620 or 12 area - but would also want to take more scalp buys above 3620 / 24.

The daily ATR as been low recently - although I am sure things will change later this week with more important news items and of course the NFP on Friday

If you check out the EU - 1min LR chart is been a scalp buy from 6 39 am - end of half hr time window and so far risen 7 /8 pips

Hour change now in 1 min

 

[Forexmospherian]

GU

During May the GU fell from nearly 7000 down approx 310 pips to the 6690 area last week

Supports are at 6700 and 6720- 30 area and price is presently at 6747.

Like the EU - the GU as been bearish in most of May - now it a question - will that continue after this pullback / retrace stage - or will we turn again and try above 6800 and 6900 again ?

Above 6725-30 I will be looking for more scalp buys to test 6760 and R's at 6780 +. I would only be holding scalp sells on longer under 24 and 19 I think for now

This can all change with the 9 30 am news - so will be keeping an eye on the pair the 30 mins or so before and then after the news impact

 

[Forexmospherian]

AU and EA

The EA as risen back up to 4732 - approx 100 pips from its low over the weekend and the AU as dropped down to 9252 area - a 50+ pip fall - mainly after the Australian news during our night.

Will be keeping an eye on these 2 pairs - normally they have an negative / opposite correlation - with the EA the bigger mover.

Not here over London Open at 8 00 am but will be back in that hour

 

[Forexmospherian]

GU

Since i last commented on this pair approx 25 mins ago its risen from a scalp buy above 44 to now 56 and between 6756-60 is an interim R area - so might be worth looking for a pullback soon

 

[Forexmospherian]

Approx 8 30 am now and an hour from the GU news

Whilst I have been out the GU did stop at 6760 and then dropped back down to 46

6740 to 6760-65 is now a BTTZ for me - and I need to see a clear breach of supports below or R above for the next main move

This might not happen until after news - but dont rule out a move beforehand

 

[Forexmospherian]

Good Morning Intraday Traders

Currently in a EJ scalp sell from 6 02 am approx 40 mins ago.



Regards


F

Comment from over 90 mins ago

EJ carried on as a scalp sell and as now dropped approx 30 pips - although I took all off after 10 pips and then reentered prior to the LO with a stop at 139 10 - as the LR's suggested along with the EU turn - that a further fall would happen

Under 138 89 we are still in scalp sell mode but have only 4 mins to end of time window - so need to see if supports hold

 

[Forexmospherian]

EU

interim supports in the 3620 - 30 area failed to hold - as well as 3612 and now price is at 3606

This is a totally manipulated move - even though many will say the EU is bearsh after its 400 pip fall in may - this move to test supports is to take bull stops out and obviously to encourage more bears into sells again

For me next supports at 3602/3 area and 3600 and 3595

Its only under 3590 i would then be encouraged to look at more scalp sells for a try on the low