A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

EU

So far at 1 34 we have made about 1440

We need to stay above 1415 / 17 I reckon to look at more buys

We have a clue now at 1429 - thats the price we need to stay above now for additional buys

Under 28 and 25 - then we might test 12/13 supports or even lower at 1405

For now at 1 39 pm the range is saying above 1449 and 53 for more scalp buys and under 28 and 25 for sells

In between - wait or just scalp for 3 -7 pips to a break

 

[Forexmospherian]

Must post my AU chart as well - I said i would post that around 1 pm after a buy - sorry forgot - but will get out next

 

[Forexmospherian]

AU - Great example of Price structure working in Advance

12 38 pm

AU

i do favour more scalp buys on this pair if we now stay above 7237

Price atm 51 - and I am not just going to buy at this price - i favour a pullback first

12 32 am said scalp sell - but not in that

Lets see if after 12 50 pm we can get a scalp buy ?

AU

12 48 am

First signs of a scalp buy at 12 45 pm at 7248

Outside of TW and now a cross at 72485

I think i will post a AU chart in a bit to explain then whats happened

Here's that chart

 

[Forexmospherian]

ok - back next sometime after 2 30 - 2 45 pm

See you later guys

Shacau got his EA sell under 5730 and 5700 and I had my AU scalp buy end up doing better than I thought - nice ;-)

 

[Shacau]

finally under 1.57 :clap: closed at 1.5694 for +30.8 pips

 

[Forexmospherian]

finally under 1.57 :clap: closed at 1.5694 for +30.8 pips

Excellent - Well Done

See you later on


Regards


F

 

[Forexmospherian]

We have a clue now at 1429 - thats the price we need to stay above now for additional buys

Under 28 and 25 - then we might test 12/13 supports or even lower at 1405

For now at 1 39 pm the range is saying above 1449 and 53 for more scalp buys and under 28 and 25 for sells

In between - wait or just scalp for 3 -7 pips to a break

Comment above is approx from 100 mins ago

We did drop under 28 and 25 and stopped at 1408 area - which as now held just over 30 mins

Back over 1441 is easy with more scalp buys and back under 1406 and 1400 is easy with sells maybe down to 1385 or 90

That 20 -30 pips in the middle is the difficult part

Bias is still bullish but no over 1441 + then we will test supports again lower

 

[Forexmospherian]

EA

Was not back at desk to take advantage of the 3 00 pm buys on the EA from 5700 - 5703 area

So far in approx 30 mins we have seen a 75 pips rise - yes must repeat that - 75 pips

Get that off a 5 pip stop and a RR trade of approx 15 .

You don't need many of those a week to grow your account ;-)

The sell came at 3 28/ 29 pm

 

[Forexmospherian]

3 48 pm

1441 on EU

This is like a crunch point

All looks bullish - but is this a LH or will we see 1450 and 1460 + next?

For now - i dont know - but hopefully will have enough clues over next 30 mins

 

[Forexmospherian]

GU for Today

6 33 am

LiTs Areas for Main Key pairs for the Wednesday AM session


EU - 1370 - 1390

GU - 5222 - 5250

UJ - 119 60 - 119 85

UChf - 9567 - 9587

Ucad - 2995 - 3040

More to follow in 10 mins

8 55 am

Another pair firmly above its LiTs area this morning as been the GU

Its been buys from above 5250+ and from 75+ after LO and 8 21 and 8 30 am

Price now around 5300 after making 5325 at guess what time - 8 39 am a key Time

----

GU

LiTs from after 6 45 am said BUY

London Open and after 8 30 am said BUY

Red news at 9 30 am said sell - BUT

Its kepts its HL and then after 9 33 am - carried on up with a new HH

Now at 4 00 pm its getting on to 200 pips above its LiTS ( 200 PIPS ) and over 120 + pips from after 9 30 am news

I hope you had some buys on it 👍

My Chart

 

[Forexmospherian]

Will pop back after 4 30 pm

EU still not made over 1441 again

 

[Forexmospherian]

Will pop back after 4 30 pm

EU still not made over 1441 again

The scalp LR cross over was at 1446 at 4 36 / 37 pm for a sell

10 pip then in 4 mins atm

 

[Forexmospherian]

Quite a few pairs had turns with clues starting at 4 33 to 4 37 pm - UK time

In the time window but none at a key time to the minute

 

[Forexmospherian]

EU

For 5 00 pm

Under 1432 and 28 more scalp sells

Above 42 and 1448 and 52 - scalp buys

In between - maybe wait

 

[Forexmospherian]

UChf

5 05 pm

Oppositely correlated with the EU - its just done another low for the day at 9509

EU - not done another new high though yet

Time rules look tight at well ??

 

[Forexmospherian]

EU

5 17 PM

Just had a scalp buy cross on LRs at 5 13 / 14 pm at 1439

Also notice GU started to rise at same time

 

[Forexmospherian]

When you get a lot of teasing - ie as on the EU - its best to either wait for clear breaches - or look for another none related pair .

Its not so bad if you have partials already on with stops in profit - at least you know what ever happens you have some pips already in the kitty

GU as been the best for me - I have found the EU frustrating even though I have made profit off my scalps its just nowhere like the EA / AU and GU today

 

[Forexmospherian]

How's the Buys done Today ?

AU

12 48 am

First signs of a scalp buy at 12 45 pm at 7248

Outside of TW and now a cross at 72485

I think i will post a AU chart in a bit to explain then whats happened

GU

LiTs from after 6 45 am said BUY

London Open and after 8 30 am said BUY

Red news at 9 30 am said sell - BUT

Its kepts its HL and then after 9 33 am - carried on up with a new HH

Now at 4 00 pm its getting on to 200 pips above its LiTS ( 200 PIPS ) and over 120 + pips from after 9 30 am news

I hope you had some buys on it 👍

EU

For 5 00 pm

Under 1432 and 28 more scalp sells

Above 42 and 1448 and 52 - scalp buys

In between - maybe wait

10 00 pm

GU - EU - AU - all three moved up in total approx 400 pips

Any Big Losses today

Yes - Lost 6 pips on the GU at approx 7 00 am time

See you in the morning

Regards


F

 

[Forexmospherian]

Thursday 15th October 2015 - Pre Opens

Good Morning Guys

Sorry - Late this morning - darker colder mornings is my excuse. Summer time - no problem waking 5 30 pm - but winter time - struggle before 6 15 am 🙂

Yesterday was again another great trading day - rather unexpected on some pairs - but won't complain

Aussie Dollar news overnight and more major red news on the US Dollar at 1 30 pm - but no major news for AM session

OK - will get the LiTs Areas out next

Have a great day - and please feel free to join in with calls , comments. charts etc etc


Regards

F

 

[Forexmospherian]

6 53 am

LiTs on Key pairs - Pre Opens


EU - 1445 - 1470

GU - 5420 - 5460

UChf - 9510 - 9540

UJ - 119 20 - 118 72