A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

EU

9 55 AM

Pre news

Above 1372/ 75 for me still bullish - but we would then need to see over say 1415 and 20 to take more new scalp buys etc

Under 1360 and 50 - then the session bull bias is disappearing and price would be favouring more falls

 

[Forexmospherian]

10 00 am

Germany red news release and effect on EU is bearish atm but price still not convincingly falling enough atm and still around 1370 /75

 

[Forexmospherian]

Ok - going to have a 45 min break next

So far the EA as done the best on the LiTs basis - but GU as been really the largest 2 way mover for now

The EU now looks as though it entering a tease range from 1350 to 1390

above 1390 easy buy - below 1350 - more sells - in between a BTTZ tease range really

GU - 5230 / 35 trying to hold for now

Will leave a 10 am scalp buy with a stop in 2 pips of profit

Too early to say if it will work whilst I am out

See you later

 

[Forexmospherian]

11 25 am

GU

As you might guess - it took my stop with 2 pips of profit in it - before carrying on up another 13 pips

For me now pullbacks staying above 5238 / 40 are still scalp buys again

We really need to see over 62 and 75 for further confirmations its making a larger pullback / turn - if not - it will then test the 5230 / 40 area again

 

[Forexmospherian]

EJ - next scalp trades in advance of when they happen

EJ

This is a 1 min chart at 11 30 am

Its set up in a 20 pip range to really go either way - but the clues are there to assist

I have marked the flag giving both dynamic levels and the horizontal key levels

If the market wants to tease - it will test both levels - but for now we should try up as we are still above the low of the LiTs area and 11 30 am was a scalp buy

No attempt over 136 38 and 43 - then we wil have a scalp sell to test 136 24 or lower at 18 / 20

Ideally we wait for a proper B/O - but if you are a scalper you can scalp in the 20 pip range for targets of 5 to 10 pips

Lets see how this progresses for Midday and after

 

[Forexmospherian]

EJ

This is a 1 min chart at 11 30 am

Its set up in a 20 pip range to really go either way - but the clues are there to assist

I have marked the flag giving both dynamic levels and the horizontal key levels

If the market wants to tease - it will test both levels - but for now we should try up as we are still above the low of the LiTs area and 11 30 am was a scalp buy

No attempt over 136 38 and 43 - then we wil have a scalp sell to test 136 24 or lower at 18 / 20

Ideally we wait for a proper B/O - but if you are a scalper you can scalp in the 20 pip range for targets of 5 to 10 pips

Lets see how this progresses for Midday and after

Update

No over 38 - scalp sell at 11 39 am at 36 and drop under 18 and 20 to 136 07

That was a trick - bounce and 11 49 am and at 136 13/14 was a scalp buy again

So far this buy as made 136 31 /32 - so a LH for now

We need over 38 and 43 to stay with buys and back under 22 and 19 to sell again

as still now in the BTTZ

2 scalps - the sell from 36 worth 27 pips - the buy from 14 worth 15 pips atm

Not bad within last 30 mins

 

[Forexmospherian]

Will post another EJ chart after final move is complete

 

[Forexmospherian]

12 18 pm

EJ

time rules could play a role now on EJ

I need the 136 07 low breached in next 5 mins or so

If not then that favours another scalp buy above 136 18 or 20

 

[Forexmospherian]

12 18 pm

EJ

time rules could play a role now on EJ

I need the 136 07 low breached in next 5 mins or so

If not then that favours another scalp buy above 136 18 or 20

12 25 pm

No under 22 or 20 - so scalp buy 22/23 also gone over 30+ mins with no low breach

We now need over 38 and 43 to stay with buys - otherwise - no joy - we scalp sell again

 

[Forexmospherian]

12 50 pm

EJ update

I should use this example of a BTTZ tease zone as great example of trickery going on

OK we did not make over 38 or 43 - so we had to look for scalp sells again

When I update and print the next EJ chart they will be easy to see from 35 and ideally after 12 30 or 12 39 pm - both key times

Now again - no under 22 - 20 and 18 - we would then look for scalp buys again

If all 3 let go then maybe a test on 136 07 and 136 00

 

[Forexmospherian]

1 00 pm

EJ

136 17

Lock in 10 pips profit now

 

[Forexmospherian]

EJ - Update in BTTZ range - 5 scalps - 67 pips

EU

First chart shown pre moves

Then over last 90 mins we had the 5 scalps

Second chart - as of now

Technically - still a higher Low above 136 07 atm

 

[FXWorx]

Update

No over 38 - scalp sell at 11 39 am at 36 and drop under 18 and 20 to 136 07

That was a trick - bounce and 11 49 am and at 136 13/14 was a scalp buy again

So far this buy as made 136 31 /32 - so a LH for now

We need over 38 and 43 to stay with buys and back under 22 and 19 to sell again

as still now in the BTTZ

2 scalps - the sell from 36 worth 27 pips - the buy from 14 worth 15 pips atm

Not bad within last 30 mins

F what was reason for 136 13/14 buy?

 

[sun11]

EU broke the triangle up side. Any chance going towards 1390 or higher?

 

[Forexmospherian]

EU broke the triangle up side. Any chance going towards 1390 or higher?

Yes

above 1365 - EU still in a bullish US session for now

GL

Back now after 2 00 pm

 

[Forexmospherian]

F what was reason for 136 13/14 buy?

An over extended drop - ie a false push down under 136 13 really to 07

That was too much and so expected the bouncy ball effect - which we got

The fact that we had dropped so quickly from 36 area showed manipulation - as the market was just not ready for a proper larger move etc

All part of a cunning trick to try and get bears in new sells

See you later

 

[Forexmospherian]

2 12 pm

Back for an hr or so

Just having a quick scan and all pairs are in areas of both way action - but still in ranges that need proper breaches

For instance we would need to see price back over 5250 and 60 to be taking more new scalp buys - but similarly under 5200 and 5190 we might get another 20 -30+ fall -even though the GU as fell over 180 pips from its morning high and well past its ATR

Ok - lets check some pairs out again

 

[Forexmospherian]

2 18 pm

EJ

still in its range of over 2 hrs ago

HL's and LH's - one as to go again - but crafty how its being manipulated

EU

Needs over 1407 and 1414 to take new scalp buys

Above 1370 still bull bias for session - but as posted a LH at 1401 from 1411

Needs now under 70 and 60 to take more sells - or as said higher over 1400 and 7 for new buys

 

[Forexmospherian]

EA

8 46 am

Now made 5600 as well - ie a 85 pip rise after 8 00 am LO

EA

2 23pm

This pair as just kept rising all morning and as carried on

Now at 5673 - so over 150 pips up from opens and well above my LiTs area

Meanwhile AU as just made another low at 7264 area

Another nice LiTs sell off

 

[Forexmospherian]

UCad

2 26 pm

Sorry - have not mentioned it or traded it all day

Its bullish bias above 3040 area with a new high in last few mins at 3080

A scalp sell after 2 21 pm - but would scalp buy again above 50 /55 area if all lines up OK