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

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From 11 30 am time - EU - EJ - EA have been scalp buys - with the GU being the odd one out - keeps doing LH's and now a LL

Still very slow - no main news at lunchtime - so I reckon a long lunch for now

Hopefully once US session starts and after 3 00 pm it might be a bit busier
 
Forexmospherian said:
EU

i think many traders look upon the EU now testing the 3560 -50 support area next

it might - but I am suspicious that's too obvious so a turn should start above 70 or 75

Price atm at 3582 - and out scalp sells and not in a scalp buy for now

Hope to get more clues between now and 9 51 am start of new time window
Click to expand...

EU

From approx 2 and half hr ago

I thought EU might turn before 3550 -60 area - and suggested 3570 -75

Well low was 3574 - at 10 56 am - just prior to the hr change and from then onwards it started its turn up again.

andrac mentioned the 30 min rules - yes - any time a interim low or high is not breached within 30 mins - that the favours the the next 30 mins more of a turn

A low or high can then be breached after 60 mins if it going to be - and so this is why its important to note price in relationship to the nearest interim highs and lows every approx 30 mins
 
4 30 pm UK update

Best retrace or pull back as been the EA from the 12 30 pm time window and from 4385/90

Price currently at 4436 and any pullbacks here keeping above 4423 are scalp buys again

Will look to see if we can get scalp sell from the next R area at 4447 50
 
EU

we are seeing LH's today from 3615 - but no LL under 3560 so far,

In a tight range atm - above 98 and 3605 scalp buys and hold them on then - but no 3600 again and then we might test the 3581 - 86 again

leaving alone atm
 
EJ

136 60 is crucial for keeping any scalp buys on - and if we stall here at 56 -58 - will be looking for scalp sells next - like the EA

Next 5 mins to end of TW might give us the clues
 
GU

another just LH's pair today with price now hovering just above 7000 at 7006

Would need to see 12 and 18 to take or hold any scalp buys and under 7002 and 6996 hold on scalp sells
 
Forexmospherian said:
4 30 pm UK update

Best retrace or pull back as been the EA from the 12 30 pm time window and from 4385/90

Price currently at 4436 and any pullbacks here keeping above 4423 are scalp buys again

Will look to see if we can get scalp sell from the next R area at 4447 50
Click to expand...

EA comment from 15 mins ago

well nearly perfect

it made 4448 and then stopped and 45 became the scalp sell#

Now at 4434 - so down to 30% stake and banked 8 pips at 70% stake

needs to stay under 41/2 to try lower
 
Forexmospherian said:
EJ

136 60 is crucial for keeping any scalp buys on - and if we stall here at 56 -58 - will be looking for scalp sells next - like the EA

Next 5 mins to end of TW might give us the clues
Click to expand...

From 25 mins ago

Like EA a nice scalp sell when we did not challenge above 58 or 60

I got in at 53/4 - so late and took 70% off at 49 and will hold 30% as the high as not been breached in approx 30 mins now

We need under 47 now and any move back to 56 and I would pull with profit already from the 70% stake taken
 
Last edited:
Forexmospherian said:
EA comment from 15 mins ago

well nearly perfect

it made 4448 and then stopped and 45 became the scalp sell#

Now at 4434 - so down to 30% stake and banked 8 pips at 70% stake

needs to stay under 41/2 to try lower
Click to expand...


EA - we cannot get under 31 and now it a scalp buy - which I am not in

Will not wait for scalp sell stop at 42 and have exited at 38

Too slow again now
 
Forexmospherian said:
GU

another just LH's pair today with price now hovering just above 7000 at 7006

Would need to see 12 and 18 to take or hold any scalp buys and under 7002 and 6996 hold on scalp sells
Click to expand...

GU from over 40 mins ago

We tested 7002 - but could not breach it

So 4 39 pm end of half hr time window and 7004/5 - became a scalp buy

We have made over 7012 and tested 15 .

I am down to 30% stakes now with stop at 7007

Will leave to see if we do try over 7018
 
Forexmospherian said:
GU from over 40 mins ago

We tested 7002 - but could not breach it

So 4 39 pm end of half hr time window and 7004/5 - became a scalp buy

We have made over 7012 and tested 15 .

I am down to 30% stakes now with stop at 7007

Will leave to see if we do try over 7018
Click to expand...

GU comment nearly 2 hrs ago

It never dropped under 7010 and now at 7022 - I have taken my 30% stake on the scalp buy off for 15 pips net

Finished over 2 hrs ago but thought it was worth leaving that one on

Above 7014 its still in scalp buy mode after any pullbacks - but would sooner have my money in my account now - as first day of the new week - and need pips and pound notes on the board

See you tomorrow


Regards


F
 
Just noticed - we have had over a quarter of a million page reads on this thread in less than 8 months - not too bad.

I think now all members must know - i am not selling anything - but intraday trading can be so boring - and at times you need to be motivated to perform - ie part of the disciplines.

Otherwise many days I would only trade for an hour or two and be happy with only 30 -50 pips - instead even though my daily target is 50 pips - on good active days - and trading over a 10 -12 hr window - it is possible to do 150 -250 pips - with most of the trades under 20 pips.

To cover a 10 -12 hr trading window from European Open to US afternoon - you need company and motivation etc - this thread helps me to keep focused etc

Regards


F
 
Last edited:
Tuesday 24th June 2014 - Pre Opens

Good Morning Intraday FX traders

Classic time trade for a start on EJ - from 6 21 am - start of the half hr time window.

It became a scalp sell at 138 60 - after it posted a LH from 63. at approx 61

Price had been rising for over 3+ hours - but only approx 20 pips and the instead of testing a previous interim high of 68 - price prints the 2 LH's- with the second one being the ideal sell

So far only made 53 - with interim supports at 49 -51.

Maybe we can look for another scalp buy around this area as I do expect it to try higher again.

OK - back to the review and updates on main pairs I plan to trade today

Have a good day

Regards


F
 
EU

Same scalp sell set up as the EJ atm - from 6 21 am and approx 3596.

I am not in this trade - as preferred the EJ one - as normally the EJ moves more - even if it is an extra 0 3 or 0 5 of a pip extra spread with my brokers.

The EU posted LH's most of yesterday - but then later on did post a HH at 3605 against a previous interim level of 3601/2

The test will be if we do see now any LL's - ie we have so far 3503 - then 15 and 20's and 30's and 40's

From 3550 we had a 3565 and this week 3575 - 81 and latest 3591.

For me a breach under 3575 and then 65 and 50 would show the EU is turning lower again and may try the 3500 support area again.

Whilst above 65 and 75 - I still see further tries up again - even above the current high at 3643/4.

Price currently at 3593 - and now trying to turn up again

I will wait for scalps on EU - as present movements are still in a tight range of 92 to 97 - and we need to really breach out of this 5 pip range first
 
NEWS

I notice 2 Red news announcements - one on the EU at 9 00 am and then one on the GU at 9 30 am

We then have to wait to 3 00pm and the US session for red news on the US dollar.

So be careful just prior to 9 am hr - and hopefully that hr will be good for the EU and the Pound .
 
EJ and EU

Both bounced from the start of the 7 00 am TW at 6 51am onwards

The EU still in its 5 pip range atm - whereas the EJ did not need its supports at the 50 area - but turned after another try at 53.

EJ now testing the 63 high and above 58/9 - still in a scalp buy mode
 
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