My journey towards consistency

[Forexmospherian]

Take time with questions - no rush or pressure as we need to get you reading PA etc correctly

After you have done those first questions - next one##

As at 11 45 am UJ at 119 74

What price can we scalp sell from ?

What price can we scalp buy more from ?

What are most important interim levels at this time prior to midday for scalping and intraday ?

 

[Forexmospherian]

I am sorry but how come 7 09 is a scalp buy?

I see it's an uptrend, next buy should be 7 30

OK - will explain

here's how we see it and yes correct after 7 21 am and then 7 30 am - more scalp buys

What was the UJ low over last say 2 hrs or so?

Had it lasted over 30 mins or 60 mins ??

 

[Forexmospherian]

now blow up your UJ chart from say 6 00 am to 8 30 am and i will do same on mine and post

 

[gftrader32]

UJ

Heres some questions for you on it from 7 00 am

What was the level you would need to see to sell again ??

What levels / prices do you need to see to add more scalp buys ??

What would you have needed to see to come out of the scalp buys after say 8 00 am?

How many LRs over price before 7 30 am and how many after 8 00 am and 9 00 am and 9 30 am ??

- below 119.16

- 119.29 / 119.32

- break of 19.32

- before 7.30 above the price 2 lrs
after 8 00 none
after 9 00 only 1 lrs
after 9 30 5 lrs

 

[gftrader32]

OK - will explain

here's how we see it and yes correct after 7 21 am and then 7 30 am - more scalp buys

What was the UJ low over last say 2 hrs or so?

Had it lasted over 30 mins or 60 mins ??

I would say 119.16

yes it lasts for more than that....

 

[gftrader32]

now blow up your UJ chart from say 6 00 am to 8 30 am and i will do same on mine and post

attached

 

[Forexmospherian]

- below 119.16 - and to be safe need to see another 3 pips lower to carry on looking at sell -

- 119.29 / 119.32

- break of 19.32

- before 7.30 above the price 2 lrs
after 8 00 none
after 9 00 only 1 lrs
after 9 30 5 lrs

OK - first part correct

We would only sell under 119 16 and 13

Low had held 30 mins after 7 09 am KY - so then from 7 21 am and 7 30 am and 7 51 am - prices still rising - more LRs under and up trendline and over 32 + all scalp buy clues

So really from after 7 09 am - we ideally want to scalp buy the UJ if we have the criteria correct

Does that make sense ???


Regards

 

[Forexmospherian]

The UJ scalp buy after 7 09 am onwards

This is what you saw above


This how I saw it below

 

[gftrader32]

OK - first part correct

We would only sell under 119 16 and 13

Low had held 30 mins after 7 09 am KY - so then from 7 21 am and 7 30 am and 7 51 am - prices still rising - more LRs under and up trendline and over 32 + all scalp buy clues

So really from after 7 09 am - we ideally want to scalp buy the UJ if we have the criteria correct

Does that make sense ???


Regards

Yes it does make sense, except the low held 30 min rule... this does not...are you saying on KY check if the LOW is held for the last 30 min for scalp buy? and check the HIGH is held for the last 30 min for scalp sell?

 

[Forexmospherian]

Now lets list all the clues on why a scalp buy on UJ after 7 09 am this morning and after 119 25 and then above 33

You start off - and I will add

 

[Forexmospherian]

Yes it does make sense, except the low held 30 min rule... this does not...are you saying on KY check if the LOW is held for the last 30 min for scalp buy? and check the HIGH is held for the last 30 min for scalp sell?

Will explain this rule a bit more next - as basically yes but its in conjunction with TW's and 30 min gaps and PA

 

[gftrader32]

Now lets list all the clues on why a scalp buy on UJ after 7 09 am this morning and after 119 25 and then above 33

You start off - and I will add

Before we do that, could we just explain what to look BEFORE deciding?

I assume you come in the morning you open the chart AND what?

You draw lines on KEY LEVELS for the last 30 min?

OR you check PA and see if we are making HH and HL OR LL and LH?

 

[gftrader32]

BEFORE deciding buy and sell clues.... what are the steps should be taken?

 

[Forexmospherian]

Before we do that, could we just explain what to look BEFORE deciding?

I assume you come in the morning you open the chart AND what?

You draw lines on KEY LEVELS for the last 30 min?

OR you check PA and see if we are making HH and HL OR LL and LH?

Will do

and lets use the UJ as the example

I would look at prices levels from Friday -ie interim highs and lows

One what stuck out was 118 93 and then 119 00 and then this morning HH;s and HLs from 119 27 to 119 32

So that to me on PA - we had HL's and HH's

Would we have the same after both Opens

By LRs on 1 min ( longer ones) - my PA and my time rules said - unless we go under 119 15 and then 119 - we are more likely to rise - but need over 119 17 and then 25 and then 33

My lrs and trendlines after EO favoured price rising - and this made sense as the dollar pairs look stronger and the GU / AU / EU looked weaker after opens

So now I look for scalp clues for scalp buys etc etc

I am not bothered about last week - except levels from say Friday

Every interim high and low - i clock

I want to sell or buy within 3 pips from any good new levels - i am not interested really in tight ranges - only to scalp for 3- 10 pips - my preference is 7 -25+ pip moves

 

[Forexmospherian]

BEFORE deciding buy and sell clues.... what are the steps should be taken?

Levels and last 5 and 15 mins of previous price action

Then I depend on time and my 1 min LR set up and trendlines etc etc

 

[Forexmospherian]

Take time with questions - no rush or pressure as we need to get you reading PA etc correctly

After you have done those first questions - next one##

As at 11 45 am UJ at 119 74

What price can we scalp sell from ?

What price can we scalp buy more from ?

What are most important interim levels at this time prior to midday for scalping and intraday ?

UJ

live now at 12 19 am - price at 119 87 - and above 79 /80 last high was more scalp buys

We can only scalp sell to hold on under 77 and 73 now

 

[Forexmospherian]

I know g you will have to read through all the comments etc for them to make sense - but i think from now it might be making more sense of how we read PA from levels and time and how the LRs are used etc etc

 

[gftrader32]

I know g you will have to read through all the comments etc for them to make sense - but i think from now it might be making more sense of how we read PA from levels and time and how the LRs are used etc etc

yes I am reading these comments... just trying to build up a picture tbh....


so to get it straight....

- look at the chart for the previous X (30 minutes or 5-6 hours or previous sessions) to determine key levels?

- decide for the last X (30 minutes or 1-2 hours) if we are making HH and HL OR LL and LH?

- once determined, decide if buy scalps or sell scalp...

- look for the clues... tw, kt, lrs, trendlines...

Have I got it right? Am I missing something?

 

[Forexmospherian]

Even though the UJ as really been a buy from Friday after 118 93 and 119 00 and now this morning its up nearly 100 pips - that shows dollar strength and maybe yen weakness - there is still levels on the UJ chart on friday evening and this morning to scalp from

For example today at 9 30 am we could have sold just under 78 and made 10 -13 pips

But the session bias as been bullish and so it been better to scalp buys at correct levels and time

 

[Forexmospherian]

just give me 10 mins - phone call