MajorMagnuM
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https://www.youtube.com/watch?v=x8zsE5zdlsQ&list=PL5755B7BA7F19B8D2&index=27
another good variation on the theme
another good variation on the theme
Intraday Live short term trading calls from an Expert Retail Forex Trader
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MajorMagnuM
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sl moved up to 1310
MajorMagnuM
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better days
MajorMagnuM
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The bounce in cable was good wasn't it. Didn't fancy it myself as the context was very different so played the other one.
There's been some nice moves in cable this week though. The best one I caught was 92 pips on the news play/leak.
http://i1276.photobucket.com/albums/y470/gjackson7/cablenewsplay_zps8d80f09b.jpg
Forexmospherian
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MajorMagnuM
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what a great trade
Forexmospherian
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Monday 21st July 2014 - Pre Opens
Good Morning FX Intraday Traders.
Hope you all have had a great weekend and are ready for another new trading week
With it being a Monday and not a lot of news today - I cannot see it being that interesting a day - but I have learnt over the years to always be ready for the unexpected - as one of the markets greatest advantages over all traders is to be able to catch them out at the least unexpected time of the session/ day / week / month etc.
Normal stuff - Quick review and update on the main 4 - 6 pairs I plan to Intraday trade along with levels and times to for new trades etc.
I will not be calling all scalps - as some might only last a few mins and therefore happen too quickly etc - but will be looking for trades with targets of at least 7 to 25+ pips - ideally under 30 mins - and then either leaving them on at 30% stakes with stops in profits - whilst looking for new opportunities
All stops are from 3 -7 pips depending on the pair's spread ( in the stop) and I generally look for 10 to 20 trades over a full day window of approx 10 hrs - although I might only be at my screens for 3 to 5 hrs
Have a good Trading day - and all FX questions etc are welcome
Regards
F
Good Morning FX Intraday Traders.
Hope you all have had a great weekend and are ready for another new trading week
With it being a Monday and not a lot of news today - I cannot see it being that interesting a day - but I have learnt over the years to always be ready for the unexpected - as one of the markets greatest advantages over all traders is to be able to catch them out at the least unexpected time of the session/ day / week / month etc.
Normal stuff - Quick review and update on the main 4 - 6 pairs I plan to Intraday trade along with levels and times to for new trades etc.
I will not be calling all scalps - as some might only last a few mins and therefore happen too quickly etc - but will be looking for trades with targets of at least 7 to 25+ pips - ideally under 30 mins - and then either leaving them on at 30% stakes with stops in profits - whilst looking for new opportunities
All stops are from 3 -7 pips depending on the pair's spread ( in the stop) and I generally look for 10 to 20 trades over a full day window of approx 10 hrs - although I might only be at my screens for 3 to 5 hrs
Have a good Trading day - and all FX questions etc are welcome
Regards
F
Forexmospherian
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EU
Well it finally broke out of its main range last week - and went under 3550 down to 3491/2 on Friday.
Since then it's turned and instead of just a 15 -30 pip retrace or bounce and instead got back above 3510 and 20 and so far made 3549/50 this morning
Price is currently 3542 and for me if it stays above 3537 /40 - I think its another scalp buy and will try the R area of 3550 again
Under 3537 and 30 then supports in many places down to 3500 - main ones being 25/30 - then 17 /20 and then 10 /13
Personally - I think the drop under 3500 was false to just get more bears in trades - and so far any sellers who waited to under 3510 and 3500 - would need at least 50+ pip stops to still be with their trades.
Next trick might be to try over 3580 area - as that would be full of more Bears stops and if price can make 3600 and 3620 - then the market can drop price again to try and trap new bulls.
Forget Fundamentals - or "funny mentals" - there's big money involved and to be made - whats a fair and reasonable exchange rate got to do with it ;-)
i would recommend taking care on the EU - as its is well manipulated - and so be aware that traditional TA is a waste of time at many periods of the session
Well it finally broke out of its main range last week - and went under 3550 down to 3491/2 on Friday.
Since then it's turned and instead of just a 15 -30 pip retrace or bounce and instead got back above 3510 and 20 and so far made 3549/50 this morning
Price is currently 3542 and for me if it stays above 3537 /40 - I think its another scalp buy and will try the R area of 3550 again
Under 3537 and 30 then supports in many places down to 3500 - main ones being 25/30 - then 17 /20 and then 10 /13
Personally - I think the drop under 3500 was false to just get more bears in trades - and so far any sellers who waited to under 3510 and 3500 - would need at least 50+ pip stops to still be with their trades.
Next trick might be to try over 3580 area - as that would be full of more Bears stops and if price can make 3600 and 3620 - then the market can drop price again to try and trap new bulls.
Forget Fundamentals - or "funny mentals" - there's big money involved and to be made - whats a fair and reasonable exchange rate got to do with it ;-)
i would recommend taking care on the EU - as its is well manipulated - and so be aware that traditional TA is a waste of time at many periods of the session
Forexmospherian
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GU
This pair as been a scalp sell from 6 00 am but I only entered at 6 30 TW from 7096
So far its made 7092 - and I have already taken 70% stakes off and will only keep the 30% on under 7098
Price on Friday had dropped down to 7035/ 40 area from the mid 7100+ areas early on last week
Scalp wise its still a sell under 7120 - with the present session range from 7070 to 7100 - approx 30 pips
We need under 87 to hold on to scalp sells really and atm price is still just in its tight range
back above 7102 and 5 - then look for more scalps buys up to 7115 /20 area
This pair as been a scalp sell from 6 00 am but I only entered at 6 30 TW from 7096
So far its made 7092 - and I have already taken 70% stakes off and will only keep the 30% on under 7098
Price on Friday had dropped down to 7035/ 40 area from the mid 7100+ areas early on last week
Scalp wise its still a sell under 7120 - with the present session range from 7070 to 7100 - approx 30 pips
We need under 87 to hold on to scalp sells really and atm price is still just in its tight range
back above 7102 and 5 - then look for more scalps buys up to 7115 /20 area
Forexmospherian
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EJ
Price atm at 137 07 - and above 137 00 still trying to turn up again after a 180 pip fall during the week
We need above 137 13 and 17 to look at holding any scalp buys etc - as from 137 15 to 137 02 is the present tight range
Under 137 00 and 136 95 then look at scalp sells to test supports again at 136 80 and then 70
Price atm at 137 07 - and above 137 00 still trying to turn up again after a 180 pip fall during the week
We need above 137 13 and 17 to look at holding any scalp buys etc - as from 137 15 to 137 02 is the present tight range
Under 137 00 and 136 95 then look at scalp sells to test supports again at 136 80 and then 70
Forexmospherian
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Got to pop out before 8 00 am - but should be back before 8 21 am the the 8 30 am TW
Will review and update other pairs when I get back - as it is slow atm
Will review and update other pairs when I get back - as it is slow atm
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8 14 am
Back now again
Notice euro crosses have been falling - with best one being the EA from 7 00 am - approx 22 pip fall
The EA does have supports from 4395 to 4400 area - so we might be able to look for a scalp buy in this next TW - or if not and its really slow - maybe the hr TW
AU as been rising with EA 's fall and price on AU now near the 9400 level again
Back now again
Notice euro crosses have been falling - with best one being the EA from 7 00 am - approx 22 pip fall
The EA does have supports from 4395 to 4400 area - so we might be able to look for a scalp buy in this next TW - or if not and its really slow - maybe the hr TW
AU as been rising with EA 's fall and price on AU now near the 9400 level again
Last edited:
Forexmospherian
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GU
Still in 30% stake on scalp sell from 7096 - and was prepared to hold it up to 98 prior to popping out
Price as made 7082 - but unless we clear under 78 - will look at exiting the trade soon
Still in 30% stake on scalp sell from 7096 - and was prepared to hold it up to 98 prior to popping out
Price as made 7082 - but unless we clear under 78 - will look at exiting the trade soon
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GU
7080 low for now - so exited 30% scalp stake .
Still in a scalp sell mode - but needs under 7078 for me
Might try and scalp sell again under 88 - or scalp buy from 78 -80 first if it lines up correctly in TW
7080 low for now - so exited 30% scalp stake .
Still in a scalp sell mode - but needs under 7078 for me
Might try and scalp sell again under 88 - or scalp buy from 78 -80 first if it lines up correctly in TW
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EA
4401 as held for now
Would need under 96 to look at more scalp sells and need above 4410 to hold any scalp buys on longer for a try higher
4401 as held for now
Would need under 96 to look at more scalp sells and need above 4410 to hold any scalp buys on longer for a try higher
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GU
Need above 83 and 85 to be scalp buying and as teased under 78 now to 77
Still in a down mode - but dont know whether this support area can hold or not
We have had no spike down on half hr change - - I am out scalp sell already at 80 /81 - but will not just to have to wait and look for more clues in next 7 mins
Need above 83 and 85 to be scalp buying and as teased under 78 now to 77
Still in a down mode - but dont know whether this support area can hold or not
We have had no spike down on half hr change - - I am out scalp sell already at 80 /81 - but will not just to have to wait and look for more clues in next 7 mins
be-positive
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morning, pete are you now long GU
be-positive
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from 81 area ???
Forexmospherian
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EJ
Now under 138 00 and in a scalp sell mode under 138 06.
PA is not nice - ie 4 -6 pips drop and then 3- 5 pip bounce - so will leave atm
Now under 138 00 and in a scalp sell mode under 138 06.
PA is not nice - ie 4 -6 pips drop and then 3- 5 pip bounce - so will leave atm
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