A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

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

Thats my own fault

I should have seen the GU set up was more bullish with mid LRs under price

Its made 20 pips in 9 mins - those are the scalps you want

EU meanwhile moved up 7 pips from low of 28 - but still not clear scalp buy like GU was

 

[Shacau]

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

missed that one too :/

I'm taking a break, see you at the NY open : )

GL

 

[Forexmospherian]

Not a bad morning

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

Very good Shacau

That is an excellent result

Good win ratio / tight stops and nice pips

If you are carrying on for US session - decide when to stop - ie another 2 or 3 losses to say stay over 50 pips

If you make 5 more scalps and only have 1 loss - you might make another 30+ pips - but whatever you do - plan ahead

 

[Forexmospherian]

GU

11 45 AM

We should be able to buy again if pullback stays above 83/4

 

[Forexmospherian]

missed that one too :/

I'm taking a break, see you at the NY open : )

GL

See you later

Yes i am having an early lunch and then back after say 1 10 - 15 pm - for 1 30 pm news

Regards


F

 

[Shacau]

EA

scalp buy at 12:03 at 1.5571, was a bit late I know but got +11.8 pips : )

I should have got in at 12:01...

well, time for that break now : )

 

[Forexmospherian]

EA - Shacau 's excellent entry on a scalp buy around Midday

EA

12 56 pm

Back early now ready for US Dollar news at 1 30 pm - but whilst I have been out - notice Shacau took a EA scalp buy - and it was a good one - and maybe a lot better than he thought

OK in between there was a 12 -15 pip scalp sell - but from after Midday - it was basically a 30 -35 scalp buy - a 12 -15 pip sell and then after 12 23 or 12 30 pm - another 20 pip scalp buy

Total there 60 -70 pips and i was in time to get just 14 pips so far and a scalp sell now under 5602 with a possibility of another buy above 87/88

Here's the chart -

Also after 30 + mins with no breach of low it favoured higher

Good supports now at 5565 to 70 and 75 / 82 area as well under 87

 

[Forexmospherian]

EA

1 17pm

Price now at 50 + pips above Shacau's entry

5620 could be a test - also news in 12 mins

 

[Forexmospherian]

EU

1 22 pm update for news

Under 1423 and 1400 sell off for 1380 area

Above 1445 and 55 - take on more scalp buys for a trip back up

Then I think 1470 to 80 might stop it again

 

[Forexmospherian]

1 30 pm

EU was a scalp buy from 1435 / 36 ie from 1 21pm but no way would i stay on with 100% stake size

Dollar news says stay with EU buys atm - dollar weak ?

 

[Forexmospherian]

1 30 pm

EU was a scalp buy from 1435 / 36 ie from 1 21pm but no way would i stay on with 100% stake size

Dollar news says stay with EU buys atm - dollar weak ?

That's more like it

Dollar strength

EU drops 30 pips from 1445

 

[Forexmospherian]

EU now at 1400 and bounces staying under 15 still sells

 

[Forexmospherian]

3 mins of scalp buys above 1402 and its just made 1416 now

Tough one now

Under 15 should fall again but over 18 and 20 stay with scalp buys

 

[Forexmospherian]

My spreads really good but playing atm with only 1 lot - so no real size at all

 

[Forexmospherian]

This is now when manipulation of size takes over

Traders selling want it to stay below say 17 / 20 and drop now under 1395 to 1380

Players can just stop that happening with their size - but if it suits them for that to happen - then we are lucky and catch a nice fall

Personally, if I had multi millions + I would would be trying to dump bears by back over 1425 and then sell again - but then - I am no player with multi millions lol

 

[Forexmospherian]

EA

1 44 pm

Now at 5650 - what 85+ pips from that scalp buy Shacau took at midday

 

[Forexmospherian]

EU

1 45 pm

Now under 1380 and testing 70 - I am out for now

 

[Forexmospherian]

EU bounces staying under 1397 / 1400 are sells again atm

Might see if we get a bounce so that I can then sell again ?

 

[Forexmospherian]

EA

12 56 pm

Back early now ready for US Dollar news at 1 30 pm - but whilst I have been out - notice Shacau took a EA scalp buy - and it was a good one - and maybe a lot better than he thought

OK in between there was a 12 -15 pip scalp sell - but from after Midday - it was basically a 30 -35 scalp buy - a 12 -15 pip sell and then after 12 23 or 12 30 pm - another 20 pip scalp buy

Total there 60 -70 pips and i was in time to get just 14 pips so far and a scalp sell now under 5602 with a possibility of another buy above 87/88

Here's the chart -

Also after 30 + mins with no breach of low it favoured higher

Good supports now at 5565 to 70 and 75 / 82 area as well under 87

EA

Chart update

Maybe the TL is tight as medium LRs are still under

 

[Forexmospherian]

2 00 pm

Going to pop back after 2 30 - 2 45 pm for an hour or more

See you later guys

Worth keeping an eye on the time rules on lows next