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

[Forexmospherian]

EA - testing down trendline R at 58 - only left 30% on now at 55 with stop 65

 

[Forexmospherian]

Two lots of Red news in next hr at 1.15pm and 1,30pm - time for a quick lunch - but pondering whether to take another scalp buy on AU now with stop at 23 - what do you guys reckon ??

 

[Forexmospherian]

uc now in sell Mode from 12:04?

Buy mode 12,32 pm now - but only confirmed over 32 and 34 ;-) remember still in BT's

 

[Forexmospherian]

Back for hour change now at 1.00pm

 

[Forexmospherian]

EU breaking above small range for hr change and price now at 3600 and still trying - dont just jump in - as this could be prime time set up prior news

 

[Forexmospherian]

Two lots of Red news in next hr at 1.15pm and 1,30pm - time for a quick lunch - but pondering whether to take another scalp buy on AU now with stop at 23 - what do you guys reckon ??

MM - at 12.49 and 51 was still trying up and any price from 23 to 28 was OK to get in with 5 pip stop max -

For the hr it made 9040 - so easy 12-15 pips and lovely on a tick and 1 min chart

 

[Forexmospherian]

AU - also up trendline from 9008 low - so why would you sell ??

 

[Forexmospherian]

First news in approx 10 mins - so no new entries atm

 

[Forexmospherian]

but hi had held for time needed by 12:34?

Exactly - yes so then scalp sell again under 28 - but needed 20 to let go

You would have only held the scalp buy over what 32 and 34 - and as you say a 70% possibility it would not go above that last high after 3 0 mins

 

[Forexmospherian]

Dollar strength from news now

 

[Forexmospherian]

Remember another red news in less than 15 mins time

 

[Forexmospherian]

Keeping trading simple is easy - if you don't mind having large stops and hoping you win more than you lose.

To trade to make money short term intraday trading is difficult and takes ages to grasp etc

That's why most traders don't attempt it - ie the easy way will always appeal first - why would anyone want a wait a few years to start to progress when the easy way says within a month or three you will be good and making monies etc etc ;-)

The devil is always in the detail and the easy way will only work some days ;-)

 

[Forexmospherian]

EA and EU now falling nicely - will review for hr change

 

[Forexmospherian]

MM - notice a new low on swissy before it went up 30+ pips and another EU tease up to 3601 - before it then drops 50 pips - that means many intraday EU bulls and swissy bears have been fried for now

 

[Forexmospherian]

Entering hr time window and EA close to a big number - 5000 - will look for bounces soon

 

[Forexmospherian]

EA - needs scalp buys to bounce above 5013 and 17 to hold on - otherwise - grab what you can - or take at least 70% off any scalp sells you are in

 

[Forexmospherian]

EJ - also around a big number at 139.00 - but EA the better quick scalp buy bounce

 

[Forexmospherian]

taken 70% of EA scalp buy at 17 from 5002

 

[Forexmospherian]

AU - need back over 9035 / 37 to even think of scalp buying again - but needs under 14 and 11 to hold scalp sells for 9000 area

 

[Forexmospherian]

EU - really needs back over 55 and 60 to hold scalp buys and now under 54 still scalp sell land for next supports at 3520-30 area