A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

OK - Basil want his walkies

See you after 10 30 am next

Stay Focused and GL

 

[NVP]

morning all

i'm back in uk late tonight........cant really trade today as a small laptop screen is not enough for me .......I need my larger trading screens up pn front of me as well

anyway here the last 2 days and 1min market for usd ...my anchor currency

bullish waves from Asian session leave me happy to play bull usd positions if offered .........on the 1 min chart I see a 7 pip range at moment awaiting London wakeup.........more than happy to play that bull bounce off the lowere S level if offered soon............I would then sell most bearish currency...........AUD , CAD or Europeans

second choice is to sell usd off the resistance level forming.........but I would need to do more work on my secondary currency choice for that call...........

if usd breaches north now then I would also be tempted to buy it then as well above R level.........

but buying off a retrace into the S level is the 100% solid signal I would prefer...........off a Forexmospherian Time window a well to gold plate it

have a great day
N

out of meeting for 2 mins .............heres the usd plays ..........since post earlier above

usd was a selloff ...then we had a real messy time down at Asian support levels .........choppy...........then a superb run up since ........

money to be made but that chop would have been a bugger

N

 

[Forexmospherian]

Morning N

Yes not an easy morning - unlike many over this and last week

Dollar lost some strength after 10 20 / 1 am - with UChf / UCad falling and then EU / GU / AU rising

Lets hope after 11 00 am frame change we see some better PA

 

[Forexmospherian]

10 49 am

With dollar weakness after 10 20 am the AU rose - and then the EA started to fall more and now as gone under 5600 down to 5589

For now any bounces staying under 5610/13 are sells again

 

[Shacau]

EA

second "free trade" of the day + 30.9 : )

 

[Forexmospherian]

10 49 am

With dollar weakness after 10 20 am the AU rose - and then the EA started to fall more and now as gone under 5600 down to 5589

For now any bounces staying under 5610/13 are sells again

10 54 am

EA

Bounce from 5589 made 5602

Cross over at 97 and at 10 50 am

Now 4 mins later down 19 pips

 

[Shacau]

EU

forgot to leave part stake open and closed with only +4.7
now down +26 : /

 

[Forexmospherian]

10 54 am

EA

Bounce from 5589 made 5602

Cross over at 97 and at 10 50 am

Now 4 mins later down 19 pips

EA

Here's what I saw and traded

 

[Forexmospherian]

EU

forgot to leave part stake open and closed with only +4.7
now down +26 : /

WD Shacau with the 26 pips profit - but I know the feeling when you think you should be double or more off a partial

 

[Shacau]

EA

small scalp buy at 10:56 +8.3

 

[Shacau]

WD Shacau with the 26 pips profit - but I know the feeling when you think you should be double or more off a partial

I only made +4.7 because forgot to leave part stake open, but made +30.9 on EA : )

 

[Forexmospherian]

Even though today is a normal Friday - ie not a NFP day - i still reckon its a "Freaky Friday" - simply because the market wants its own back on traders having it too easy this week

Its playing mind games and must be frightening most intraday traders - trying to make them uneasy etc - before any next larger moves

Normally in a 20 trading day month - you only get say 4 -7 really brilliant days - maybe 8 -12 average normal ATR action days and then anything from 2 to 4 "stinkers" or really tricky days

Today so far is a "stinker" - but still well over target so must not complain

 

[Shacau]

have made +80 pips so far this morning : )

 

[Forexmospherian]

EU

9 24 AM

Chart update

EU

11 08 am

Missed last drop with another scalp sell after 10 50 /1 am

However still got 2 partial sells on from 80 and 72 area

Now down at 1340 after a 1334/5 low

Bounces staying under 60 although scalp buys for now - are then sells again

Need back over 65 for any turn and a low holding over 30+ mins

 

[Forexmospherian]

Need to keep an eye on time rules on the EA low at 10 55 am next

 

[Forexmospherian]

We need over 5605 / 8 and then 15 for a proper turn up on EA

Under 15 and 07 still in down mode - but got less than 10 mins to breach the low for now

 

[Shacau]

Is GU getting ready to turn?

It seems to have found support in yesterdays last spike down in the 15min chart.

 

[Forexmospherian]

Is GU getting ready to turn?

It seems to have found support in yesterdays last spike down in the 15min chart.

Quite a few pairs have interim lows holding now for over 30 mins - so maybe

GU really went to a sell after opens and after 9 00 am - need to look at it again next

 

[Forexmospherian]

GU

11 31 AM

Under 5470 - its bearish - BUT

Now supports at 5435 to 40 supports are holding and its bullish above 40

so 30 pip range we are entering next

 

[Shacau]

Quite a few pairs have interim lows holding now for over 30 mins - so maybe

GU really went to a sell after opens and after 9 00 am - need to look at it again next

Its Friday so lets see : )