My journey towards consistency

[Forexmospherian]

Hi gft

Back now just gone 2 pm

Will check out EU and UJ

 

[Forexmospherian]

30 min high / low rule check

 

[Forexmospherian]

1 51pm was nice scalp sell set up on UJ - but looks as though 30 min rules might come into play now

 

[Forexmospherian]

would need ideally after 2 16 and 2 20 pm for hr after highs and lows for them to be tested again

 

[gftrader32]

30 min high / low rule check

which pair? u seen my uj chat there's gap after the news 1 15

 

[Forexmospherian]

EU 2 09pm

still bullish on pullbacks staying above 0750 / 55

Price at 71 and needs over 86 to stay with scalp buys now - but under 65 then might be sells to 50 /55 to re scalp buy again

Under 0750 and 40 - sell land

Over 0786 and 0790 - buy land

 

[Forexmospherian]

which pair? u seen my uj chat there's gap after the news 1 15

Yes i had a gap as well on 1 mins

under 120 00 though its still bearish

would need 119 75/ 80 to hold and then a try over 120 00 + for scalp buys

Under 120 00 area and then under 119 73 and 70 all scalp sells then

 

[Forexmospherian]

Price on UJ under longer term LRs for now

 

[gftrader32]

EU 2 09pm

still bullish on pullbacks staying above 0750 / 55

Price at 71 and needs over 86 to stay with scalp buys now - but under 65 then might be sells to 50 /55 to re scalp buy again

Under 0750 and 40 - sell land

Over 0786 and 0790 - buy land

how come sell and buy around 50?

 

[Forexmospherian]

can you see a nice support area to buy EU over 0750 / 55 ??

And with UJ under 93/ 96 - still looks then another sell

would need over 120 03 and 07 for me to be staying with scalp buys

 

[Forexmospherian]

how come sell and buy around 50?

Well for now - EU under 0784 is a scalp sell

But over 50 / 55 it becomes a scalp buy

 

[gftrader32]

Yes i had a gap as well on 1 mins

under 120 00 though its still bearish

would need 119 75/ 80 to hold and then a try over 120 00 + for scalp buys

Under 120 00 area and then under 119 73 and 70 all scalp sells then

shouldn't this gap filled before continuing the sell?

 

[Forexmospherian]

I am following every move or wave - so I can scalp sell - even though if next lower level is not breached - I then look at scalp buys

 

[gftrader32]

Well for now - EU under 0784 is a scalp sell

But over 50 / 55 it becomes a scalp buy

50 to 80 area looks bttz to me

 

[Forexmospherian]

shouldn't this gap filled before continuing the sell?

Like 30 min rule - ie nothing is 100%

Yes normally over 60% time gaps are filled - but not always

 

[Forexmospherian]

Gaps off news can be different - its the gaps on opens and closes normally at week ends that are looked at being filled

Another trick played by market makers

 

[gftrader32]

Like 30 min rule - ie nothing is 100%

Yes normally over 60% time gaps are filled - but not always

ej sell area now

 

[Forexmospherian]

My price structure for last few hours and for this start of session favours EU going up over 0750 / 55 and UJ down under 120 00 and then under 119 70

I will never be 100% correct - so dont enter as a swing trade - i wait for as many probabilities as possible on my side and if I am wrong - then I still might make 1 or 5 pips profit - and then change to other way when I have more confirmations

I trade like a vulture - rather than a bull or bear

 

[Forexmospherian]

ej sell area now

For me EJ above 128 95 and 129 00 - still favours higher

Based on longer LRs and price structure

Only under 85 and 70 would I be holding scalp sells longer

 

[gftrader32]

My price structure for last few hours and for this start of session favours EU going up over 0750 / 55 and UJ down under 120 00 and then under 119 70

I will never be 100% correct - so dont enter as a swing trade - i wait for as many probabilities as possible on my side and if I am wrong - then I still might make 1 or 5 pips profit - and then change to other way when I have more confirmations

I trade like a vulture - rather than a bull or bear

good point here, another reason i guess not to swing is such gap on uj during news