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

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Wednesday 16th July 2014 - Pre Opens

Good Morning FX Intaday Traders

Normal stuff - ie a quick review and then updates on the main FX pairs I plan to trade today

Unfortunately, I will not be around all day today - as out from approx 9 00 am for maybe a few hrs or more. Hope to be back by Lunch or afterwards - and then around from the US session up to approx 5 -6 pm time or so

Middle of the week - another busy news day - have a good one


Regards


F
 
EU

I have posted a 3 months view of the EU last night and a couple of other ones shown as well by MM

This week we are seeing the EU fall from the mid 3600 range down to 3564 yesterday - and another morning low at 3557.

It is bearish - and although a scalp buy say at 58 from 6 51 am - you tend to think - that we might not be seeing above 3613 or 17 today.

For now after this scalp buy - we should be able to sell again around mid 60@ up to say 3569

If we do go 3575 - then - a turn is being tried and then 3557 might be a low - especially if not breached for initially 30 mins
 
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EJ

Set up similar to the EU this morning - in regards to Price structure and price action

Scalp buy from 6 51 am around 137 92/93 and then should be another sell by 98

Will go into more detail during this next hr on this pair
 
GU

We have red news again on this pair this morning at 9 30 am - UK time

Last week and early this week we saw price fall from the 7170 area down to 7060 - and then after the news - straight back up - ending up with a new high at 7190 /91

Since then price as fallen again to supports at 7130 - and like the EU and EJ became a saclp buy at 6 51 am at 7131.

Price now at 7 12 am is 7140 after making a high so far of 7143

For me we have a BTTZ from say 7128 to 7148 - ie approx 20 pips - OK to scalp both ways - but we need a proper breach of these prices by 3-5 pips to get a clearer next direction
 
7 20 am

EU - so far made 3567 - and I am down to 30% stakes now on the scalp buy

I would like to scalp sell under 69 and then its a case - we might stay above 3557 again - ie 30 min rule?
 
EJ

Did not make above 98 so far from 92 scalp buy - so down to 30% stakes - want to scalp sell like EU - but cannot for now

GU


Still a scalp buy above 7133/34 for now
 
EU

Now at 3569 - well 35688 on my chart - out 30% stake now - but can scalp buy again - on any pullback staying above 3561

Whether you scalp both ways is up to you - and depends on your experience etc etc
 
7 30 am - and what a busy 40 mins already - 4 trades so far and 21 pips in the bag so far

I am out by 9 00 am today for several hrs - but for now going with the flows - but not prepared to scalp more than 3 pairs at once - even though I can see another 3 opportunities on other pairs

I prefer not to be in more than 2 scalps at same time - but with 30% trades and stops already in profit - no limit - if I had 6 or 10 on at same time - no problem or stress - as exposure cannot increase and worse case scenario are all of them being stopped out with just a few pips profit on each
 
7 36 am

EU - now in a BTTZ area

The low of 3557 as held over 30 mins - but we have not made over 3569 - and with price now at 62/63 - we are stuck in the middle

We need to see either under 56 and 53 for more scalp sells - or back over 3570 and 73 for scalp buys

The BTTZ is too tight for me now - so will leave alone until we get a breach
 
CAD

I have included this pair on my list this week - after trading it last week and also seeing we have red news today and Friday again

We have seen bullish action - with price this morning at another high at 0771

I can only scalp buy further if we clear 0775 and 0780 and although we are still bullish and in scalp buy land above 0755 - a fall under 53 and 48 is more scalp sells

Not in this pair for now - but hope to be later on today
 
EU

We made 3569 - and I exited my scalp buys and took to scalp sells

so far no new low under 3557 - but for now under 64 - still a sell - but needs to take out 3556
 
AU and EA

Will be looking at these two pairs during the day to trade

For now and since 9329/30 low at the 6 30 am TW - price as been rising and the AU as been a scalp buy

Above 9337 still a scalp buy - but need above 46 and then 57 to think it could be turning for tries back up to high 9300's - or even 9400 again

EA - opposite - been falling like other euro pairs. made 4530 and above say 4495 still in bullish session structure - but last 2 hrs just fallen 20 pips and now at 4515

Above 4535 and 40 - more scalp buys

Under 4500 and 4490 look for holding scalp sells
 
Morning BP - ROFL - like it - yes that's the best type of birthday present - money does not just give you the same highs lol

Have a good day - out in less than 50 mins - but hopefully back around lunchtime
 
8 09 am - end of hr TW

EU another low at 3553 - EJ at 137 79 - EA at 4500 - guess the euro's weak for now

GU - no new low under 7130 for now - but under 7140 still a scalp sell
 
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