A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

Watch out on Yen Crosses after 7 35 am - some guy speaking and the calendar as it as a red news speech

 

[Forexmospherian]

Not out for 8 00 am LO - but going to have a quick 10 min break before the yen news

 

[sun11]

Good morning F,
Today EU is being the worst pair for me to trade.

 

[Forexmospherian]

Good morning F,
Today EU is being the worst pair for me to trade.

Hi Sun

I maybe can understand that

The PA as not been nice and without the additional longer LRs to see that its bullish - maybe thats not helped

I will post a chart in a bit on what the full LR system looks like

Dont worry its not be the easiest of mornings - although the GU was very nice for 20+ mins - and it was a pair I had not traded

Some mornings - its all easy - other mornings - 6 00 am to 7 30 am UK time can be very difficult

Take it easy and wait for some good moves and Have a good day


Regards


F

 

[Forexmospherian]

7 39 am

Yens been stronger with EJ and UJ both falling atm

Hope his speech as no surprises in it ;-)

 

[Forexmospherian]

EU - 1 min Full LR picture this morning

EU

7 49 am

Not the easiest pair this morning - but it is above its LiTs area for now

key prices - 1375 -78

I am expecting 1400+ this morning - as long as we stop over 1375 and ideally 1385

I am bullish - but it does not stop me scalp selling if we dont make over 1396 soon

 

[Forexmospherian]

EA

Last scalp sell on this pair was the quick cross at 7 41 am - ( late ) at 5621

So far - down to 5601/2 - can it breach under 5600 and 5590 ??

too early to say atm - it needs to stay under 5614

 

[Forexmospherian]

7 58 am

Noticing a lot of scalps this morning not having crosses at KT's - mostly 2 to 3 mins either side

Not perfect for the method - but when the FX markets are being manipulated and maybe played with by the liquidity providers /players etc - we will notice it more being scalpers etc

Be careful for LO in 1 min or so - but ready to take a new scalp in next 3 mins

 

[Forexmospherian]

8 01 am

Hope we all got the EA scalp buy above 5603 ?

Also EU roared into life with another scalp buy

 

[Forexmospherian]

Price Action very frustrating this morning so far

Quick moves and profit taking on HFT systems with uncertainty atm

Lets hope we see change over next 30 mins

 

[Forexmospherian]

8 09 am

Nothing but scalps for now

the EU and EA both move up over 10 pips and then by 8 04 am turn

EA down now as I type 30 pips and EU down 20 pips - all within 5 /6 mins

 

[Forexmospherian]

EU

7 49 am

Not the easiest pair this morning - but it is above its LiTs area for now

key prices - 1375 -78

I am expecting 1400+ this morning - as long as we stop over 1375 and ideally 1385

I am bullish - but it does not stop me scalp selling if we dont make over 1396 soon

EU

8 14 AM


The scalp buy at 7 59 am did not make 1396 - stopped at 94/5

So when it turned it did make sense - and the 20 pip fall was a bull stop hunt

Crafty gameplan - took me out a 30% stake partial buy - but no problem as sell under 85 and then 78

 

[Forexmospherian]

EU

8 14 AM


The scalp buy at 7 59 am did not make 1396 - stopped at 94/5

So when it turned it did make sense - and the 20 pip fall was a bull stop hunt

Crafty gameplan - took me out a 30% stake partial buy - but no problem as sell under 85 and then 78

EU Chart

scalp buy 7 59 / 8 00 am

Scalp sell - no over 1396 and turn with LRs

 

[Forexmospherian]

EA - 3 Scalps in under 45 mins and Target made

EA

Busy last 45 mins on this pair

3 scalps shown on chart with LR crosses

Not easy PA - it was over London Open - with trickery also taking place - but in the end nice moves

 

[Forexmospherian]

8 35 an

EA

That buy after 8 12 am and also 8 20 am so far gone up over 26 pips

5620 is a R area - so would need to breach that by 3 -5 pips to stay with any buys

 

[Forexmospherian]

8 35 an

EA

That buy after 8 12 am and also 8 20 am so far gone up over 26 pips

5620 is a R area - so would need to breach that by 3 -5 pips to stay with any buys

 

[Forexmospherian]

i dont know what happened there ? - double up on comments ??

30 sec delay maybe coming in when I sent twice ?

 

[Forexmospherian]

With regards to correlations

We have had dollar strength come in for London Open - with UChf up and EU / GU / AU down - so resulting in EA rising

Yen crosses confusing - certainly not an easy morning for most traders - but always pips available if you can scalp

 

[Forexmospherian]

8 35 an

EA

That buy after 8 12 am and also 8 20 am so far gone up over 26 pips

5620 is a R area - so would need to breach that by 3 -5 pips to stay with any buys

8 43 am

We touched 5620 - I took another 70% stake off and banked and now scalp selling under 18

Its still in a bullish mode after 8 20 am - but we know 20 -25 is all R

 

[Forexmospherian]

I think this thread would be boring if I just posted EA scalps all day - but for now - its been nice and so got to take advantage of it

Next hr will have more of a look at AU / GU / UJ etc