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

[Forexmospherian]

Whilst the EU - GU - EJ fell - the AU bounced from supports and made higher above 9300 up to 9326. Missed all of it whilst trading EU and EJ.

GU also changed after initial drop and made back over 50 and 60 - and presently testing 6780 area

 

[Forexmospherian]

Might not be around for 3 00 pm news

Meanwhile new R area for EU at 3565 -80 - so unless we breach above there - then look at more scalp sells once the pullback have stopped. Supports at 3525-30 and then 3510.

EJ - supports 138 68 -80 area - R's at 139 00 to 139 10 - so not too much of a range now with price currently at 138 94

GU - basically bullish above 6740 -45 and bearish under 35.

AU - should stay above 9300 on pullbacks with then R's at 9325-30 to breach for higher

See you later on sometime


Regards


F

 

[Forexmospherian]

Surprised on size of retrace on EU - back up to 3603 area - I did not think it would make over 3580-85 again

Still now - another range - for me from 3560 to 3615 - approx 50 -55 pips

EJ - another surprise - did not think it would bounce back over 139 10 - and it made 139 40

maybe new EJ range 139 00 to 139 50 now

Not checked all other pairs I normally trade as off out again and back later on

 

[Forexmospherian]

EU and EJ - crazy - what a brilliant ploy and trick - EU now up at 3650 - I thought my charts were lying when they kept saying buy buy buy

EJ - tested high of the day again at 139 83 - amazing

I reckon I am going to give up trying to predict more than 15 mins ahead now - its too much like fortune telling - trouble is its even caught me out as not in these extra moves back up

Got to go - will EU make 1 3700 today lol

 

[Forexmospherian]

Perfect Example of a Scalp buy on the EU

Perfect Scalp buy at 5 00 pm UK time

Exit 7 30 pm and then try a scalp sell

 

[Forexmospherian]

Out the scalp sell at 53 after a 3649 low

I should be scalp buying again now - but way past my trading time so will ignore and check again later

Under 47 and 43 scalp sells on EU

Above 62 then 70 - keep scalp buying

See you for Freaky Friday


Regards


F

 

[Forexmospherian]

Freaky Friday 6th May 2014 - Pre Opens

Good Morning Intraday FX Traders

Well after yesterday - NFP day seems a bit of an anti climax.

Normally today would be the main day of the month for larger moves - all due to the major US news and the effect it will have on the dollar.

The last few years the news announcement as not moved the EU 150 -250 pips as it used to pre 2008 - but with the currency markets being so unpredictable - as shown by yesterday - you can never really know what might be planned.

The main news is over 6+ hrs away and so it might be again fairly quiet after the first hr or so of the Opens - but again be aware for anything

Normal quick review and update on main pairs I plan to trade today to follow

Have a great day


Regards


F

 

[Forexmospherian]

EU

New low yesterday of 3502 - and then a new high of 3669/70

Immediate range - 3670-75 for higher and under 3650 -45 for lower.

Possible daily range - 3730 to 3550 - I don't see over 3730 or under 3500 - but its purely guessing for now - and am I bothered - not really - i am only after 7 -30+ pip moves normally - although i will never turn down 50 or 200+ pips when they happen ;-)

 

[Forexmospherian]

U Chf - ( Swissy)

Have not traded this pair this week - but will update.

Made over 9000 yesterday - with high at 9371 and then the big fall down to 8907.

Supports at 8900 and 8870 -80 - with main R above at 8940 -60

Not planning to trade it today - but will be keeping an eye on it with regards to the EU correlation and its main levels

 

[Forexmospherian]

GU

Second favourite when the PA is not too spikey. Presently a scalp sell from 6814 and 6 51 am - start of hr time window - but need under 6807 and 05 to hold the scalp sell on

Yesterday made a 6825 high after a 6721 low after the main news at lunchtime

Immediate range - 6790-6800 up to 6830 ish. We could try above 6850+ today and also could try back under 6750 as well

Still in scalp sell at 6808 - but now down to 30% and will only hold that under 13

 

[be-positive]

morning ----- keeping close eye on EJ for short

 

[Forexmospherian]

EJ

My favourite Intraday pair to trade - normally ;-)

Yesterday - after falling under 139 50 - the pair dropped to 138 67 - and then after the turn - made all the way back up to 139 99 - yes 139 99 - not 140 00 ;-)

Currently at 139 74 and a scalp sell under 82/4 area

Need 69 and 66 to hold the scalp sell on longer

 

[Forexmospherian]

morning ----- keeping close eye on EJ for short

morning BP

Well spotted - in it 7 09 am for me - but need under 69 and 66 to hold it on

Have a good day BP


Regards


F

 

[Forexmospherian]

GU - taken out of 30% after low of 6807

Need over 6817 and 20 to think of scalp buys though

 

[Forexmospherian]

EJ -

Cannot breach under 71 for now so down to 30% and will leave on with stop at entry of 78

 

[be-positive]

short EJ

 

[Forexmospherian]

EU

Not in scalp sell atm as look upon 3650 area as a barrier for now - but with price now at 3652 - will be watching it to see if it tries and makes a proper breach lower

 

[Forexmospherian]

EJ

Moved 30% stop down to 76 now we have broken under 69

Possible - 60 -62 target ??

 

[be-positive]

short EJ

This cannot be right its dropping

 

[Forexmospherian]

This cannot be right its dropping

The trouble is - if most scalpers got in between say 78 to 73 - you get the feeling it will bounce back over 73 - just to catch them out

Really under 80 - its still a sell - but not prepared to hold my 30% above 76 and might drop that to 70 then if we have another go at 64

GL