A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

GU

LH on GU?

GU

10 06 am

10 00 / 10 01 am was a strong buy signal

So still rising atm

 

[FXWorx]

F what is your typical stop size EA?

 

[Forexmospherian]

GU

5500 is a barrier and so far I have 98/99

Above 90 on pullbacks though still a buy

 

[FXWorx]

Nice going Shacau!

 

[Forexmospherian]

F what is your typical stop size EA?

Max 7 pips - but my spread is only 1.3 to 2 .2 pips most of time

If you spread is say 3+ then you need say a 8 pip stop

Ideally most EA entries I get away with only 3 -4 pip max down

 

[Forexmospherian]

With EU and even AU and UJ - i can works on 3 or 4 pip stops when I am totally focused and moves line up OK - but spreads only 0 3 to 0 9 pips for that

 

[FXWorx]

Max 7 pips - but my spread is only 1.3 to 2 .2 pips most of time

If you spread is say 3+ then you need say a 8 pip stop

Ideally most EA entries I get away with only 3 -4 pip max down

OK thank you.

 

[Forexmospherian]

Ok out in 10 mins

Will be back after 11 00 am and then will have early lunch and be around for 1 30 pm red Dollar news

Its been a good AM session so far

I hope you too have been seeing and making some good scalps

See you later guys

 

[Shacau]

EU

Scalp sell at 11:21 at 1.1439

 

[Forexmospherian]

9 54 am

EU and GU both did OK off scalp buys

EU topped so far at 1459/ 60

GU at 5496 interim high for now

Hope you got some pips off them

If not - there's plenty more for us to find over the next 7 + hrs - although I will be not trading all that time ;-)

GU & EU

11 23 am

OK - EU was easy after 1459 and easier after 30 mins as well

ie Sell

1434 low so far and whilst under 55 is still a sell again

GU

It did tease up to 5501 - and I would have not kept a sell on as outside 5 pips

After 10 18 am we had a sell down to 5483 and now its still in a 20 pip range

Above 5497 and 5504 - scalp buy

Under 5479 and 76 - scalp sell next

In between - just look for another pair easier if possible

 

[Shacau]

EU

Scalp sell at 11:21 at 1.1439

out +4.8

 

[Forexmospherian]

Lot of ranges atm

EJ been consistent after 10 30 and then 11 00 am - ie both scalp sells

Supports within 5 -7 pips next so maybe we can look for a scalp buy after 11 30 or 11 39 am if all lines up ?

 

[Forexmospherian]

Maybe we can get a dual scalp buy in sync with EU and EJ next - EA not really lined up atm

 

[Forexmospherian]

11 29 am

Both EU & EA near to support area now

not scalp buying just yet

No line up

 

[Shacau]

out +4.8

Got out too soon, again... : /

 

[Forexmospherian]

Both are very bearish this hour - so really all depends on strength of supports and whether Bears take profit and bulls are going to be aggressive here

Worth checking UChf as another clue as oppositely correlated

 

[Forexmospherian]

Got out too soon, again... : /

Thats were a 30% would help - like on EA early

Although dont worry only maybe 30% of partials make you more money - but the ones that really go on to be successful - maybe only 10 -15% of all of them really do well - ie 30 -70 - even 100 + pips - with one I had on a EJ once making me the 1000 pips over about 3 months

 

[Forexmospherian]

EJ still not finished and atm EU low 1428 for now- will that hold ?

Too early to say atm

 

[Forexmospherian]

missed 11 30 am GU scalp buy - ;-((

 

[Shacau]

Not a bad morning

15 trades, 10 wins, 4 losses, total: +75 pips : )