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

[MajorMagnuM]

yes gu 89 holds

 

[MajorMagnuM]

gu to 6940 final destination this session i reckon

 

[MajorMagnuM]

still have 89 to deal with lol

 

[MajorMagnuM]

hello george

 

[MajorMagnuM]

or will this be another higher low

 

[MajorMagnuM]

gu talk about hanging on a thread

 

[MajorMagnuM]

ej just did horrible dummy downwards

 

[MajorMagnuM]

gu and 89 is resolved (for now)

 

[MajorMagnuM]

Finally a bit of juice

 

[Forexmospherian]

EU - Monday 28th July up to LC

EU - 2 min LR chart featuring drop on Friday afternoon and pullback / retrace today

 

[Forexmospherian]

Tuesday 29th July 2014 - Approx 6 30 am UK time

Good Morning Intraday FX Traders

A bit more news than yesterday - but still only one red announcement later on today on the US dollar.

There is Pound / GU news at 9 30 am - but none red - but still be ready for it

Yesterday was super boring and you get the feeling today will not see any 150 -200 pip rallies - but in this market - anything can happen - so always be aware.

Normal stuff - quick review and updates on the main 6 pairs I plan to intraday trade.

In busy times and if we have 2 or more trader posting comments please dont forget to refresh your browser every 30 seconds to catch all the trade comments etc.

Have a good day


Regards

F

 

[Forexmospherian]

EU

We stayed above the low yesterday of 3420/1 - but could not make above 3450+ and instead peaked at 3444 - yes that small a range.

We have had over 5 hrs of price fall and so far stopped at 3429.

The sentiment is saying just sell - but as we know there is so much false sentiment in this game - price can still turn at any point and therefore you need to read PA at the "coalface" to really know whats going on - intraday wise.

For now any scalp buys at 29 or 30 - need to go above 3434 to hold on - and any falls under say 3426 are more scalp sells for now.

Supports have built up in the 3415 - 30 area - but whether they are strong enough to stop further price falls is not known for now. Going back up to just 3450 or 60 would not be high enough as a stop hunting exercise - but I cannot see us trying above 3510 or 30 for now

 

[Forexmospherian]

GU

Similar LR price structure set up to the EU this morning - with the sentiment saying sell.

Price currently at 6991 and all we have seen this last 15 hrs or so is LH's from 7000 at 6994 and then 6989 with a LL at 6967

For now we need over 6974 to look at taking or holding on any scalp buys - to then look at scalp selling again under 6983 area. Under 6965 is just more scalp sells to next interim support area

 

[Forexmospherian]

EJ

Hopefully we will have a bit more action on this pair today - as normally its my favourite intraday pair

Price touched 136 99 - 137 00 a couple of hrs ago - higher than yesterday and we are still scalp bullish above 93/94

For a turn down - we really need to see price under 136 90 and 81 and for now its a case of seeing if we go above 137 00 or post a LH at say 96 -98 area

 

[Forexmospherian]

CAD

Not a normal pair i intraday trade - but am keeping an eye on it instead of the Swissy for now

We have seen during July price rise from 0620 up to now 0820 area with price currently at 0811

Whilst we stay in the 0800 area we have to look at price being bullish and really need to see under 0790 to look at holding any scalp sells on.

Not one I am scalping - but good indication on dollar strength etc as I major more on the GU / AU / EU etc

 

[Forexmospherian]

7 09 am

End of hr TW and EU as now made 3433/4 from 3429 and I am out first scalp buy for approx 3 pips

Above 3430 yes still a scalp buy - but i will be grabbing every pip for a start - simply because the range and the movements are so small I cannot expect to scalp for 7 -25 pips within 15 /30 mins today.

Both EJ and GU are still scalp buys with EJ back at 137 00 now again

GU - we need really 6977 to hold scalp buys on longer

 

[Forexmospherian]

AU and EA

AU - after seeing 9470 last week - price as been falling again and we have seen LH's and this morning we have dropped out of 9400 range again - with price currently at 9395.

Any bounces staying under 9405/6 are more scalp sells for me along with under 9390 and 85

EA - back up at 4300 area and above 4285 on any pullbacks - still then another scalp buy

Need under 4280 and 71 for holding scalp sells on for lower

 

[Forexmospherian]

7 22 am

Happy to exit scalp buy on GU at 6983.

Under 6987 - would look now for a scalp sell in this TW - but unless we drop under 6970 - then still think we might be able to get another scalp buy in then from the 73 - 76 area

 

[Forexmospherian]

7 49

EU and EJ became scalp sells after 7 30 am - and EU as made now another morning low at 3427 and now whilst still under 31 - is still a scalp sell

GU - suited me - bought again at 73 for 4 pips - but going into a BTTZ now

 

[Forexmospherian]

Out at 8 15 am for may be 20 -30 mins - but then in and around most of the morning .

Will be around 9 30 am to see if any of the GU non red news as any effect as well