EUR/USD: IntraDay Scalping and Short Term Swing Trading Only

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Update. Got stopped out at a little over BE. Still down 28 pips for the day. 70 -75 seems to be a strong support for now. I reversed at 1.1182 long. Will see if the lower OR support holds for now. Stop is a couple of pips below the OR. This trade is actually counter to my signals/indies. I'm simply trading the bounce off OR low. Would rather have a confirmation as well, but decided to try it.

hello.
Nice Topic hope you good luck ..
happy to be the first replay ... if i am allowed i could share my ideas of some short term trades on EUR/USD

Absolutely. Please however, avoid just posting a result after the fact. Include your entries as well after you've entered, so that others can see how your trades developed from inception to close, and if you wish your ideas or reasoning to support the trades. You don't need to post immediately after if you don't want, just post your entry reasonably before your exit, so we know it's a real trade or real analysis. Anything proprietary methods can be kept secret.

Thank you dear ,
Now the market is so quiet ...
My view :
Buy @1.1181 (NOW) TP 1.1197 and no SL.
if you risk taker ;;; open sell order from the same price with 10 pips target.

percent of success in my view 90%

Thanks for starting this thread. I am fairly new (2yrs) at this and I try to concentrate on this pair.

Welcome. There are quite a few who concentrate on this pair for the obvious reasons.

Moved stop to BE plus 1pip. My trade viewpoint is similar to TroJan at this point but if price gets there, I think we *could* have a run towards 15.

It's a still a little early on this day to determine initial direction. Market seems stalled at 85 - 88 since last evening.

Moved stop up to 84, +2 pips 87, +5pips, since market is stalled here. It either moves up cleanly or I look for another entry point.

OK, got stopped out at 87, if I had kept it at 84 my trade would still be live, but I opted to reverse to a short scalp here at 874 which is right above today's pivot.

We're now bid at 844 and I'm moving stop to a bit below BE at 87. Last trade was +5, but still down 23 this morning. This new position is BE. Will see what happens. Market will break to either side of OR plus/mius 15 and I think more stops are below 70 and 50 than above 200 at this point, so targeting 1.1140 on this trade (which is two intra day support levels below OR). Of course will trail stops just to be safe.

I will probably trade any reactions against this trade go long once or twice while this one rides and let the BE stop take care of my exit on this one.

Signing off for now.

Moved stop down to 82 now at +5 locked. This is the 4th time 75 has been supported in the last 12 hours, but market has not been able to pop it to 1.12 from here either. Not going to counter trade at this level, hoping it turns now and heads towards 62.5 and then 55, if I'm wrong got plus 5 booked, but after than still down 18 for the day.

Stopped at 82. Look for next entry.

Scalped a short at 801 but got stopped at 867, minus 5.6 pips, down 23.6 for the day.

Long now from 878 with initial stop at 76. Allowed myself to get whipsawed again instead of taking the reaction at 72. Initial target is 15p above pivot and then 30 above pivot. We'll will see if this one develops before Frankfurt opening in 2 hours.

Edit: whipped and stopped for another loss of 7.1 p, down 30.7 for the day. Reversed to short at 1.11813. Hopefully 5th time to test 72 will be the one to plow through. The reactions after hitting 72 area have been getting shorter and smaller, and similar in range to reactions near yesterday's close. Will will see a sell off this time and continuation down from yesterday? Target 1.11450.

The only thing that's nagging me in the back of my mind is that OBV is upticking throughout all of this, which many times is a sign of accumulation.

Closed short for 2 ticks (not pip), minus 23.4 for the day, reversed to long at 809, trade looks very precarious right now. Needs to power through 87 to even get close to 1.12.

Current trade now breaking even...could be the start of this morning's first real swing...

cool thread for sure.....in general, an upmove is coming.....this week suppose!!
so buys maybe, huh!

If and now it's a big if....if we blow through trade through 90 again this morning, I think many scalpers will be looking for a sharp pullback at 97 similar to what happened at 3:50 this morning. However, I think there's been enough accumulation and short profit taking since last night that the move may continue to and possibly through 1.1212 and up to 1.1227

Looks like they might be headed for the boatload of buy and sell stops at the obvious 1.12 area. Current BE is plus a couple of ticks. Currently still minus 23 pips for the morning.

This OR this morning has been so choppy.

Is she finally going to give it up this morning so we can start real trading today? Or will she trap some more bulls?

Projected upper OR based on close-open pivot is 1.1202, can't see it on these charts but that's the number. Round off to 1.1200

Anyone else feel free to chime in and add your 2 pips of trades, analysis, insights and thoughts. Although I started this thread, it ain't mine, it's for all of you that short term trade EURUSD. I just ask to keep it respectful and intelligent. Vague comments like up this week are too general. If you are in a trade targeting an exit this week, it would be nice to know when in, where in and where you think you'll be out.

Got out of the long at 819 for a 0.9pip gain. That was a quick reaction down. Not sure if it was a stop gathering drop and will move up again, but I reversed and shorted at 824 will keep close hidden stop this time off broker's servers. Still minus 22.5 for the morning. They are not easily giving up the pivot point upside this morning and they're not giving up 72 downside easily either. That was a lot of force dropping it 5 pips in 30 seconds at this hour when all eyes are on Frankfurt, so I'll hang out with a short bias for the time being unless there is an equally strong move up within the next few minutes.

This tight range this morning has been brutal just stopped out with a 0.3 pip loss at 1.11827 for minus 22.8 for the day. I could have taken a quickie prof but was really thinking they could break 72 this run, but it held and rebounded just as quickly, right before my eyes amazing. Of course as today is playing out, I reversed long at 828 it's above 84 bid now so I'm pretty much BE but still looking for OR breakout. When it happens it's going to be either fast and ugly or painfully slow.

This is painfully difficult to scalp here...

Hi,
I trade this market intraday. Happy to post some trades as they go along:

First look at 7.20am BST appears market is ranging tightly 11170 to 12000. Waiting for a test of either extreme to see what happens.....

seems to be some accumulation going on since yesterday evening...holding bouncing of 72 - 76 six times now, four times this morning. If it's institutional they are going for at least 50 pips, more likely 100 pips since they move the market 8 to 10 pips just accumulating or unloading positions even without attracting a crowd, so 1.1172 plus 50 or plus 100...upper target now. Of course we gotta pop and hold 1.12 since everyone is looking at that level right now. A reasonable target at this point assuming we break 1.12 is 1.1222 (72 plus 50)

7.40am market testing the 11190s. Will look to follow a powerful breakout or a sharp reversal if either occur

OK. BTW welcome, and your posts are appreciated and insightful. Knowing what other scalpers are thinking and doing, I think helps all scalpers in general especially if we can get info close to real time, I liken it to an online floor pit, although many, most of us can't see order flow, we can see, anticipate and react with others who are doing what we are doing too.

Hi.. i'm not an experienced trader.. i have been here since EU was in 1.37, but kept buying all the way down.. So i have experience in losing trades.. i like the concept of this thread.. i like to trade intraday too, so i'll be in the sidelines, watching, see if i can learn anything..

and Good Luck..