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

[Forexmospherian]

5 35 pm UK time

Well not missed too much this afternoon - by the look of it the market as been having a rest.

More UK Pound news in morning and then big news later on tomorrow with the FOMC Statement on the dollar.

Guess we are stuck in ranges meanwhile - still will do a review and update on some key pairs in a bit along with a chart or two

 

[Forexmospherian]

EU

Price coming up to 6 00 pm UK time window at 3543/4 and in a scalp buy above 41

We need over 3546 and 49 to hold a scalp buy on - and under 40 and 37 for scalp sells

Will explain the bigger picture next

 

[Forexmospherian]

EU -

June position - we topped at 3993 at May 8th - just over 5 weeks ago - and since then fell nearly 500 pips

3500 as been held at 3503 and 10 and 15 and 21 /22 - suggesting say 3495 to 3520 - approx 25 pips is a tough barrier to crack

We have tried 3575-85 a few times and have so far not been able to crack and move back up to 3600.

The pair is OB and there are are more sells on than new buys - but with 3500 -3520 being defended - something will have to give - ie larger sells to push down - or sellers exiting and then traders buying again for say a 100 -250 pip retrace - to look at then selling again

Personally I am not bothered if we stayed between say 3400 and 3800 to the end of the year - as there is enough range there to make good money over next 6 months.

Whilst we stay above 3515 and 20 - I favour higher - whether that is just 3600 - 3650 or 3700 or even 3730 -50 .

However if we dont crack above 3585 - then we might try under 3530 and 20 and then 3503 could let go.

Thats the unknown - but what ever happens in the European and US sessions - I hope to be within 5 -10 pips of new highs or new lows - when they happen - and then trade them within 3-5 pip stops.

We are in the middle of the month and maybe more news tomorrow or next week might take us out of this approximate 80 pip range.

I still have the EU long term in an uptrend above about 1.1750 and certainly over 1 2300 - so a drop to 1 3000 is nothing really


F

 

[Forexmospherian]

EU - Scalp buy and sell in last hour

Normal Stuff - TW's / LR's / S & R's etc

 

[Forexmospherian]

Wednesday 18th June 2014 - Pre Opens

Good Morning Intraday FX Traders

Approx 6 45 am - and already in a EJ scalp sell

I normally do 15 -30 mins preparation before starting this thread - checking out the Asian Moves and having a quick look at yesterday's charts on each of my pairs

If there are any trades that immediately stand out or line up etc - i take them - they might make me only 3- 5 pips - they might make to 10+ pip - so always a nice start to the morning - as normally 6 00 am to 7 00 am is fairly safe - ie the tricks are yet to start

I will post this EJ chart - as for the previous 3 hrs or so - it was bullish - still that does not stop me selling when a pullback is due

I will then over next 30 mins do a normal review and update

Have a good day

Regards


F

 

[Forexmospherian]

EJ - From Asian into the European Open

2 EJ Chart - one the buy from 4 00 am - ( no was not in that - fast asleep)

Second chart - the scalp sell from 6 30 am - yes in that one

 

[be-positive]

morning pete ------ can I ask at what price/time your short EJ ---- Are you now long EJ ???

 

[Forexmospherian]

EU

Approx 7 00 am UK time

The EU is presently stuck in a 10 pip range - ie say 3550 to 3540 approx

The next wider range is say 3585 to 3503 - ie approx 80 pips

Main supports from 3500 to 3520 area - and then secondary supports from 3525 to 30.

This area as proved difficult to breach and is being guarded and well supported by some large investors or players.

Whether it will be breached today or in this next 7 days - I have not got a clue - but I do have clues on whats needed for that to happen.

Similar with the 3585 -3600 Resistance barrier.

Not in EU scalp sell atm - went with EJ and now need to update on that pair

 

[Forexmospherian]

morning pete ------ can I ask at what price/time your short EJ ---- Are you now long EJ ???

Morning BP

138 55 and now 43 -46 could be scalp buy time - not in yet

Have a good day

Regards


Peter

 

[Forexmospherian]

EJ

Taken all off scalp sell off at 46 - with so far a 45 low

 

[Forexmospherian]

EJ

Maybe missed the scalp buy - but might be only worth 3- 5 pips for now

Need a coffee to wake up I reckon ;-)

 

[Forexmospherian]

EJ

We need above 52 to hold any scalp buy on - and I am too late to just jump in at 48 or 49 - as not really wanting to scalp for a few pips this early in the day - only do that when I am desperate to make my daily target or bored etc

If we dont make over 52+ - then any pullback needs to breach under 40 to be taking more scalp sells and even then 35 -40 is a support area - so might have to move onto another pair now until we get larger moves happening out of the 35 to 60 range

 

[Forexmospherian]

GU

Red news on the UK and pound at 9 30 am - so one to be looking at again today

Currently a scalp buy from 6 00 am TW - had not taken it - but like the EU and EJ as pulled back - but outside the TW's

Above 6962 on any retraces - its still another scalp buy - but we then need to crack above 70 and 73 to look at holding on longer

 

[Forexmospherian]

7 32 am

GU

Now testing R area again at 6970

I am only on 30% stake on a scalp buy from 6964/5 now - but happy to hold it above 63 - as even if it gets stopped with minus 2 on 30% stake - my 4.5 pips at 70% stake as made me profit

The GU is still scalp bullish - it just depends on the PA now and spikes whether I can stay with it

 

[Forexmospherian]

Not here for LO at 8 00 am - but will be back in that hour

Wont be taking any more trades for now - as out in next 5 -10 min

GL guys

 

[Forexmospherian]

8 18 am

Back at desk now - and second day of a bit of luck - GU - did not go under 63 and my 30% scalp buy was safe by 0 8 of a pip and now we have just hit 6986 - and I have exited the 30% at 83 - as near a new TW - and just happy to have more positive pips in the bag

Will update after 8 30 am

 

[Forexmospherian]

EU

I noticed it suddenly shot up to 3556 from the mid 40's but now pulling back again to 3551

I am still session bullish above 50 and 60 - for a test on the 3580 -90 area

That would all change if we drop under 3540 - as I would be scalp selling to test the supports

The EU is not an easy pair to trade at times - as it being played with so much - purely do to all the money placed on it - in both directions.

Above 50 yes will keep with scalp buys - but will be taking profits between 3 and 10 pips all the while rather than leaving scalps on - as I just don't trust the PA

 

[Forexmospherian]

GU

had not scalp sold at 8 21 am - shame - but looking to see where to scalp buy again - 71 - 73 could be an ideal price area during this next 9 mins

Under 70 and 67 - forget for now - as then still a scalp sell

 

[Forexmospherian]

GU

had not scalp sold at 8 21 am - shame - but looking to see where to scalp buy again - 71 - 73 could be an ideal price area during this next 9 mins

Under 70 and 67 - forget for now - as then still a scalp sell

8 43 am

GU price at 71/2 and still not scalp bought

Thinking about it - but outside my TW's

If we don't go under 70 in next 3 mins - then think will be looking at taking a scalp buy

 

[Forexmospherian]

GU

8 47 am - well it fell under 70 and still a scalp sell

4 mins to TW - and now next scalp buy area 61 to 64