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

[be-positive]

time to exit this EU dont like

 

[Forexmospherian]

7 57 am

Both EU and EJ been scalp buys again last 3 mins - can they make new highs now ??

 

[Forexmospherian]

time to exit this EU dont like

What I would suggest when you get the "pyscho tests" is either -

1 take at least 60% + of stake off as profit - and bank and then you have won any way

2. Hold 25 -40% on still and then if it carries on you way - you gain more

3. If it turns down - then either exit rest of stakes above entry - or hold on if you think its a tease


A lot of teasing going on EU and EJ this morning - simply because they can get away with it - as main news items the excuse

 

[Forexmospherian]

8 07 am

Classic big tease - EJ no new high so it falls - EU - makes another high by approx 1 pip and then drops 11 pips to catch out all new bulls who have entered above 72 or 73

It happened at the London Open as well - as so should be expected as trades are always being played with at Open times

EU now - still bullish above 3460 -65 - only take more or hold on to scalp sells under 3460

 

[Forexmospherian]

We now know - we will need above say 137 11 and 13 to hold onto any buys for higher on EJ and similar on EU we need over 3477 and ideally 80 to to look at the same on the EU

EU news in next 45 mins and GU over an hour away

GU as been great - stopped at 6998 and then dropped nearly 20 pips

 

[be-positive]

Pete thanks for advice , was out all trade on 7.50 candle not a lot of profit but they all add up

 

[Forexmospherian]

GU

Listening to the news this morning - we should just be buying the Pound as the news release is supposed to be telling us we are all back to normal and the UK's figures are good - etc etc etc

So have those nice commercial bar stewards just be taking the GU lower - so they can now fry all the bears ?

Surely they are clever than that - thats too easy game play - they need a more complicated one

As we try 7000 again in this hour and all is expecting good news and price to rise - why dont they try and drop it say 70 -90 pips instead again ??

GU

this comment on GU was approx 1 hr ago

Classic London Open manipulation - tease up for hrs - stop just below the big number at 7000 ( 6998) and then fry all the new bulls - by dropping over 20 pips in under 15 mins after taking 12 hrs to rise the same difference

 

[Forexmospherian]

GU

Now supports at 6972 -75 - so unless we breach under by say 3-5 pips look to scalp buy the GU again in next TW

 

[Forexmospherian]

EJ

Not being played with as much as EU - still wanting to breach above 139 10 - but so far not made it

Its still a scalp buy now above 137 05 - but we need to see ideally 12 and 15 to hold scalp busy on longer

 

[Forexmospherian]

8 43 am

EJ now made 137 14

Above 137 07 /8 for me still a scalp buy - but remember we will be hitting R's from 17 to 25

Down to 30% stakes on 2 trades atm - one from yesterday - the other one in last 20 mins

 

[Forexmospherian]

8 55

Red EU news in 5 mins

EJ now at 137 20 - also EA been a nice scalp buy last 25 mins - but with news now - lock in profit or exit if preferred

 

[Forexmospherian]

9 02 am

News dropped all euro crosses and EU now down to 3452 and still falling as I type

Under 57 still a scalp sell - but back over 60 and 65 scalp buys

 

[Forexmospherian]

GU

Also carried on falling and now at 6970

I wanted to scalp buy in 70 -75 area - but cannot for now

We have Pound red news in 25 mins now - so will stay with 30% on scalp sell on GU for now


Also out 9 40 am for approx 40 mins

 

[Forexmospherian]

9 07 am

EU exited 70% stakes on scalp sell at 3444 now - will leave 30% stake on under 61

 

[Forexmospherian]

EJ

still in one 30% scalp buy from yesterday - but exited other one just prior to news at 137 22.

Did not scalp sell it as concentrated on EU and GU instead

Be back for 9 30 am news

 

[Forexmospherian]

9 25 am

GU

Low so far this morning 6967/8 and high 6998 - approx 20 pip range for now

We are expecting good news in next 5 mins - but - I just dont trust news and players - so no just buying thinking it will soar up - although I hope it does ;-)

its a scalp buy above 6971 for now - but under 6990 still a sell on LR structure


GL what ever you do - i am then out at 9 40 am for about 40-50 mins


See you later

 

[Forexmospherian]

GU

Slow going up - only at 6992 - ie a approx 15 -20 pip rise

Would need above 7003 to hold any scalp buys you have on - otherwise - still might do a LH under 6998

GL - see you later

 

[be-positive]

short EU @ 47

 

[Forexmospherian]

Approx 11 00 am Uk time

GU

Did make a LH at 6993/4 - indication of a scalp sell at end of 9 30 TW from 9 37 -9 39 am at 6989

Price now at 6968 after a 6961 low - so an approx 30 pip fall


EU - Posted a HL at 3442 from yesterdays 3437/8 yesterday

Above 3457 then scalp buys can be left on and then look at scalp sells again in the 64 -68 area

EJ- stuck in a BTTZ from say 136 90 to 137 25 - big enough to scalp - but need really a break one way or the other

Above 137 13 still a scalp buy

AU - just managing to stay above 9402 for now - bearish under 9414

Will pop back every TW if I can and then after Lunch my key times 2- 30 pm to 4 30 pm

We do have red dollar news at 1 30 pm - so will try and be around from 1 20 pm as well


GL

 

[Forexmospherian]

12 10 am

GU - in a range ie 6962 to 6998 - approx 36 pips

Above 6970 favours scalp buys - BUT under 6992 favours scalp sells

Therefore a 22 pip BTTZ - large enough to scalp - but just be careful as designed to just take your money