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

[Forexmospherian]

10 00 am approx

Things seem to be slowing down for now - could be just a ploy and in another 30 mins we could be busy again - but - it is a Monday.

Going to have a break and will try and pop back every hr window if possible

Will be around in the 1 pm to 4 pm period - need to catch some more scalps -and normally thats the second best times of the day to try.

GU been a nice scalp sell - and EU got 2 small scalp buys during last hr - but now its playing again

Stay Focused - dont get suckered in on BTTZ's

See you later


Regards


F

 

[Forexmospherian]

12 30 pm

EU - bought it from 3383 - so far made 94 and I am down to 30% stakes to look to see if I can buy again around 87 to 89 area

GU - nice sell from 6992/3 area - made down to 74 and under 96 on bounces still a sell - but if we cannot get under 70 - then will be looking for buys again later

EJ - nice buy above 136 61 - I got 63 twice - made 79 so far and above 67 on pullbacks still another buy = but now need above 83 and 87 to hold on buys longer - otherwise would be looking then for more sells

EA and AU - not done much last few hrs

Cad - been a nice sell from pre 7 00 am open - but only dropped approx 15 pips in what over 5 hrs - yawn - so slow

Hope to be around for 2- 4 30 pm slot for some more scalps and hopefully some more movements etc

GL

Regards


F

 

[Forexmospherian]

1 02 pm

GU

price as just bounced up to 6787/8 - and now bias as changed - with any pullbacks staying above 6780 - still scalp buys.

We will need to clear last high at the 95/6 area to hold scalp buys on longer - and if we dont - we are then in a BTTZ range of say 96 to 73 - approx 23 pips to only scalp in - until we get a proper breach by 3 -5 pips of range -either way

 

[Forexmospherian]

1 37pm - 2 mins to end of half hr TW

EJ

My line in the sand on this pair is around 136 83 -88 area.

Above both prices I would hold scalp buys or take more for a try higher - even 137 00 +

Under both then really price might try the supports again at 60 and then 136 45.

Price currently at 136 77 - and still a scalp buy above 71 and 74

 

[Forexmospherian]

1 51 pm - new hr TW

EJ - should have said that differently - as under 74 and 71 was a scalp sell as also under the line in the sand area - supports at 66 then 63 and if we test under 60 - hold scalp sells on for lower

 

[Forexmospherian]

2 00 pm -

Got to pop out for an hr or so - shame as the next 2 hrs should see more action again

Will be back latest 3 30pm - I hope

GL

 

[Forexmospherian]

GU - as at 4 00 pm Monday UK time

GU - 2 min LR chart with an up channel

 

[Forexmospherian]

EU

Both at 3 30 pm and 3 51 pm - at 3382 and 3384/5 where scalp buys prices again

So far price as only made 91 - a LH to last 97 - but supports have continued to build up in the 80 -85 price area - so unless it can go under these supports - price will rise and try 3397 and 3400 again

Its then a case which area lets go - S or R ?

 

[Forexmospherian]

EJ

Similar set up to the EU - supports are keeping price up - and if they cannot be breached then price will rise again

In the EJ's case the main supports are at 136 60 area with present R's at 80 -85

Like the EU - i have been scalp buying again above 63

 

[Forexmospherian]

Usd / Cad

Price at 0943 and any bounces failing to make above 57 and 60 can be scalp sold again

Next supports in the 25/30 area then if 40 lets go

 

[Forexmospherian]

Missed scalp sell on EU at 4 09 pm at 3387.

I will still look at scalp buying again above 3380 - or if we breach under around 76

I would need under 3370 to look at holding scalp sells

 

[Forexmospherian]

Interesting today on Cad and UJ - Cad as been stronger than dollar and so price fell - whereas with UJ - dollar stronger than yen and therefore price as risen

UJ as been a scalp buy last hr - but so slow only risen 7 pips in that time

 

[Forexmospherian]

4 33 pm

EU - price at 3380 - any scalp buys need to see above 86 to hold on - otherwise price will test lower again - around 76 area.

Still think this is a false set up - to get more bears in - but will be wrong if price drops under 3370 and 65. - although I would be in scalp sells anyway by then ;-)

 

[Forexmospherian]

4 44 pm

Eu now made 87 and I am down to 30% stakes again now and have banked a net 5 pips at 70% stakes

Will only hold 30% stake on above 83.

 

[Forexmospherian]

EJ

Down to 30% stake already on EJ scalp buy and will only hold above 66.

 

[Forexmospherian]

4 54pm

Taking 30% stake off at 3385 as well as now as we have not achieved over 87 and therefore not bothering to see if price drops to 83.

With us coming up to the hour as well - have now got another 9 mins to find extra clues for next move

 

[Forexmospherian]

EU - Monday 11th August - still (just) in up channel

EU - still just about in up channel at 3375-80

 

[Forexmospherian]

Usd / Cad

Price at 0943 and any bounces failing to make above 57 and 60 can be scalp sold again

Next supports in the 25/30 area then if 40 lets go

Cad comment from approx 2 hrs ago

never even made over 0950 again and since then as now dropped to 0922 - lower than I thought

If you exit any scalp sell here - we would need to see above 0935 to hold any scalp buys on for trying a turn up again

Also if we drop under 0917 - then could be a fall to 0900 area

GL

 

[Forexmospherian]

Tuesday 12th August 2014 - Pre Opens

Good Morning FX Intraday Traders

Yesterday was a typical slow Monday with no real news. Today we do have some news -but get the feeling it will still be slow - but hope I am wrong

Normal stuff - quick review and update on main pairs I plan to intraday trade - along with important levels for pullbacks and reversals and of course breakouts.

All questions on FX Intraday queries are welcome

Have a good day

Regards


F

 

[Forexmospherian]

6 48 am UK

EU - what a tease ;-)

Still just about in an up channel after a low last week at 3334.

We need back over 3385 and 3400 for a further rise up - and now for me - under 65 and 60 would be saying more falls - although I still think supports have built up at 3340 /50 area and still might not just give way

What ever direction - I don't really mind as I do plan to both scalp sell and buy with the wave changes etc - so if we do end up under 3300 or over 3400 today - we will be with it ;-)