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

[MajorMagnuM]

i actually saw that 17 19 3 pip spike coming

 

[MajorMagnuM]

ball thrown hard on floor from short distance

 

[Forexmospherian]

ball thrown hard on floor from short distance

Yes EJ example - fall from 66 to 61 - ie 5 pips - and then the bounce is to 74/5 ie 13 /14 pips

Is that the double top for now???

 

[MajorMagnuM]

now maybe on ej

 

[MajorMagnuM]

i sold at 89666 uc. last trade

 

[MajorMagnuM]

sl at 1.5 pips

 

[MajorMagnuM]

closed as interim low has held

 

[MajorMagnuM]

i sold again at 673. an catching good entries but it just wont break

 

[MajorMagnuM]

o expected 64 to go but so far not. sl at be

 

[Forexmospherian]

Hope you had a decent day MM

I look back and did not really take many trades on the EA and AU pairs - and I will say their PA was nice.

Hope to see you around the Opens again

Regards


F

 

[Forexmospherian]

Wednesday 4th May 2014 - Approx 7 00 am UK

Good Morning Intraday Traders

Slightly later today - but no school run etc at 8 00 am so around for a few hours

Will update and review - and atm special interest on EJ for a coding project being undertaken by TRO

Have a good day

Regards


F

 

[Forexmospherian]

EU

I will start with EU as I know it most traders favourite - but certainly no longer mine ;-)

No breach of previous low - after careful manipulation and then a push up to a 3647 high

During the night we fell again to 3608 and are currently at 3614.

As yesterday - I need to see price under 3600 and 3595 to start looking at holding scalp sells or taking new ones

Similarly - I need over 3650 and 60 to be looking at holding scalp buys

We are in a main down - bearish mode since May 8th - but we can easily go back up on retraces up to 3700 and 3730 - before trying under 3550 etc

I need over 3620 to hold any scalp buys on longer for now

Updates on EU through out the day - more to follow

 

[Forexmospherian]

GU

High yesterday of 6782 - but after NY close and through the Asian session we had a lovely fall down to 6718

For now R's at 6725 -30 and further supports at big round number area of 6700

We need to breach under 15 to start making more scalp sells for now and it is the end of the time window at 7 10 am

 

[Forexmospherian]

News Calender today

We have many red news items today - starting with the Pound / UK at 9 30 am

Other key ones at 1 15 pm and 1 30 pm and 3 00 pm UK time on US and Cad.

Also through out the day a G7 meeting going on.

Dont forget more important news ( excuses) tomorrow and the NFP on Freaky Friday.

 

[Forexmospherian]

Talking of GU news at 9 30 am - we have just had a try down under 6718 - and I was in the scalp sell from 6720 at 7 12 after the hr TW close.

Will take 100% off scalp sell as first one of the morning under 16 still bearish atm - but now need 11 to hold longer

 

[Forexmospherian]

In this next 15 mins or so will do a full update on the EJ - along with some charts etc

 

[Forexmospherian]

EJ - From End Of May Low to near 200 pip rise

Two EJ charts - 20 mins for bigger picture - and 1 min for accuracy

Review to follow - only just in up channel 15 mins to London Open

 

[Forexmospherian]

EJ - London Open view of test on up channel

EJ - 1 min chart showing scalp sell from end of 7 30 am TW at 7 39am and fall under channel

Is this just a test and false move ??

 

[be-positive]

Peter thanks for above chart but to be honest with you they need to show eg. say the above EJ chart and then another enlarged 2nd chart highlighing your entry points etc. it wilL save many interested members investing in binoculars to view your current chart offerings.

 

[Forexmospherian]

Talking of GU news at 9 30 am - we have just had a try down under 6718 - and I was in the scalp sell from 6720 at 7 12 after the hr TW close.

Will take 100% off scalp sell as first one of the morning under 16 still bearish atm - but now need 11 to hold longer

From an hr ago- comment on GU

Now on second scalp sell first from 20 to 13 and second from 19 to 09 and whilst under 15 still in scalp sell mode