A Master Class in FX Intraday Trading by F & Co

[NVP]

in fact both scalps offered fast pips .............even though the red GBP fell with the usd ........but because usd got sold off it doesn't matter

BOOM

ok gang ......see you later ...........stuff to do :smart:

N

back 2 mins ...I note a massive resell opp around 8.40 am this morning on USD ...........Europeans were as good as any currencies to trade ....although on normal charts the EU was not obvious as euro has been hammered in recent trading ..........:smart:

N

 

[Forexmospherian]

EU - Quick crosses one min out from KTs'

EU

So far this morning - I have been able to take my scalps in the TW's OK - but sometimes I am getting clues on LR crosses a minute early or so to an actual KT

Here's 2 examples

Thats the 8 40 am move you mention N

 

[NVP]

Morning N

I have missed that "BOOM" - ;-)

Yes the GU and EU both been bullish early on - but will have to get you on that EA when you have a few hours

Enjoy your week

Regards


F

agreed .........the EA has been a sweet sell.........green USD danced inbetween them.........

N

 

[NVP]

ok as I disappear the London session is showing .....so far

BEAR - usd and euro
BULL - GBP and AUD

cheers all.....

N

 

[Forexmospherian]

Can 1350 ish area hold the EU price up for further rises now ??

 

[NVP]

EU

So far this morning - I have been able to take my scalps in the TW's OK - but sometimes I am getting clues on LR crosses a minute early or so to an actual KT

Here's 2 examples

Thats the 8 40 am move you mention N

that EU was a peach...........and not obvious to many traders either off the bear trend .......

lucky we are not in that group then

N

 

[Shacau]

EA

30min without breaching the low...but it still looks very bearish to me : /

 

[Forexmospherian]

EA low crafty 30+ min with no breach atm

Any scalp buys need 71 and 83 to stay with

Otherwise take what you can get and then if it does not make over those pices it migt tease down to 40

 

[Forexmospherian]

that EU was a peach...........and not obvious to many traders either off the bear trend .......

lucky we are not in that group then

N

I would agree - in fact many would have added to sells - as they would expect 1320 or even 1300 next

Trouble is the market makers know that - so set up the false sentiment etc etc

Its either living with 30 -50 pip stops - or scalping with stops as tight as possible and I know which option we both prefer

 

[Forexmospherian]

Still waiting to see if I can get a EA scalp buy

We could be slowing down now - as Monday AM and no red news and main action over Opens

Basil the dog pleased - he wants his walkie lol

 

[Forexmospherian]

EA

30min without breaching the low...but it still looks very bearish to me : /

Its is bearish - but supports 5530 to 50 could be strong and scalp buy at 9 40 am onwards for now

 

[Shacau]

EA

scalp buy +9.8, leaving part stake open : )

 

[Shacau]

EA

scalp buy +9.8, leaving part stake open : )

closed part stake for +19.6

 

[Forexmospherian]

EA low crafty 30+ min with no breach atm

Any scalp buys need 71 and 83 to stay with

Otherwise take what you can get and then if it does not make over those pices it migt tease down to 40

Comment above at 9 38 am

I think 9 40 am was the actual scalp buy from 5555

anything up to 5560 was OK

Now made 5585

20+ pips good enough in under 10 mins

OK - off to walk the dog

Back after 10 30 am


GL

 

[Forexmospherian]

EA - 6 07 am to 10 39 am - Over 4 hrs - 200+ pips

EA

9 13 am

For now under 5583/5 its bearish

There are supports from 5530 to 5550 - so would need to breach under there for more sells

What might happen is we form a new range from say 5530+ to 5585 - approx 50+ pips of 2 way moves

EA

We actually tested over 5585 to approx 92 - but stayed under 5600

Another fall - and on 8 scalps both ways easy over 200 pips

Another boring Monday AM I suppose ;-)

EA - I Min LR chart

Range now 5530 up to 5590 - 60 pips for now

 

[Forexmospherian]

Can 1350 ish area hold the EU price up for further rises now ??

EU

10 57 AM

Comment above from nearly 90 mins ago

Short answer - NO

Once under 50 and then early low of 1339 - it confirmed more sells and LL's and LHs this morning

Price now 1327

1320 / 17 - 1305 / 1300 all supports next

 

[Forexmospherian]

EU

11 07 am

Price now 1316

If we do test under 1300 then next supports at 1280/85 and then 1250 and 60

Although we are bearish so far today and under the LiTs area - we are still in a longer term bullish bias above 1200 for now

Not as though I think it will drop that far today - but i do plan to take more scalp buys during the US session - from lower support areas

 

[Forexmospherian]

Hi F,

Can you explain the LiTs method or point me to the area if you have all ready covered this. Also are you using your quicker LR inputs or running the original setup mentioned in previous posts?

Hi Showtyne

Check out comment 1715 onwards - I was asked to explain how to calculate the LiTs area and did it over the next day from then - so need to read from that comment and next few pages etc

Hope that helps

Good Trading


Regards


F

 

[Forexmospherian]

EU & EA updates

11 24 am

EU now down at 1310 and EA at 5507 - under its last supports

Ok for this 11 30 am TW I would expect some pullbacks - simply because we will have some bears profit taking

 

[NVP]

ok as I disappear the London session is showing .....so far

BEAR - usd and euro
BULL - GBP and AUD

cheers all.....

N

hey all ....updates

usd has bounced net bull on London session now ........9.30 the turn ....

AUD and GBP still strong ........in fact both storming !!!

Euro is still the sell ..........in fact the real DOG today of the litter for London session

some opps to sell EU from below .......I would have really needed that usd S/R tester on the bull move to justify scalping sells from say 1330's ..........perhaps F was more aggressive than that

N