A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

8 33 am

UJ

Just realised I made a mistake on my LiTs on this pair - but anyway not to worry as it just in a bearish PS under 121 20 and 121 00

Bounced at a support area at 120 75 ish and will try and sell again under 93/95

 

[Forexmospherian]

EA

8 40 am

Just seeing if we can look for a scalp buy again

After 8 09 and 8 30 am we have had scalp sells - a 50 pip drop from highs just after 8 10 AM and a new morning low

So far cannot scalp buy here at 5190 ish - but would only add scalp sells under 5183 and 79

 

[Forexmospherian]

UChf

8 49 am

All change after 8 30 am when more dollar strength came back in

8 39 am was another scalp buy with R's next at 9785 to 90

Maybe we can look for sells again after 9 00 am ?

 

[Forexmospherian]

8 33 am

UJ

Just realised I made a mistake on my LiTs on this pair - but anyway not to worry as it just in a bearish PS under 121 20 and 121 00

Bounced at a support area at 120 75 ish and will try and sell again under 93/95

UJ

8 51 am

Looking for scalp sell here at 120 93 - as mentioned above

Problem now is time rules on that low and supports from 80 to 85

 

[Forexmospherian]

EA

8 40 am

Just seeing if we can look for a scalp buy again

After 8 09 and 8 30 am we have had scalp sells - a 50 pip drop from highs just after 8 10 AM and a new morning low

So far cannot scalp buy here at 5190 ish - but would only add scalp sells under 5183 and 79

EA

8 58AM

In the end waited to 8 46/7 am at 5194 to scalp buy

Now 11 mins later made only a 15 pip rise - slowing down

I need over 5220+ to stay with scalp buy

Next hour having off and back later in the morning

I know you must be bored of hearing this - but I have had a great early Monday AM session - and really could finish now for day - but dont worry not planning to

See you later


F

 

[Forexmospherian]

10 32 am

EA

10 29 am was another scalp buy from 5204

3 mins later at 5212 and still rising

Need above 25 to stay with buys - otherwise a pullback again

 

[Forexmospherian]

EA - scalp buys

10 32 am

EA

10 29 am was another scalp buy from 5204

3 mins later at 5212 and still rising

Need above 25 to stay with buys - otherwise a pullback again

Heres the chart with scalp buy areas marked etc and the first interim R area

 

[Forexmospherian]

EA - 2 nice scalps - CALLS IN ADVANCE - AGAIN ;-))

10 32 am

EA

10 29 am was another scalp buy from 5204

3 mins later at 5212 and still rising

Need above 25 to stay with buys - otherwise a pullback again

Heres the chart with scalp buy areas marked etc and the first interim R area

EA

11 19 AM

OK - scalp buy made 18 pips net

It got to 5225/6 - and the stalled

Guess what KT I sold ????

Yes - 10 51 am

That scalp sell now approx 30 pips in the kitty - with a 4 pip stop


Update chart with crossovers and KT's

 

[Forexmospherian]

EA - 2 more scalps in last 45 mins - & another 43 pips

EA

Pre 11 21 am and then last 45 mins

After last 2 scalps - note supports breached

 

[Forexmospherian]

EU Update - pre US Open

Its just as though the market makers turn a tap on - or even better a on / off switch on dollar strength

They let it come in at 8 00 am - but for me above 1020 / 25 and 34 - EU still in a bullish Price Structure for now

Comment above was from 8 03 am

We had high at 1056 and then basically after 9 00 am the sell off under 34

Low so far 1016

LiTs area - pre EO and London Opens was at 0995 to 1030

For me now we are bearish under 1034 - but unless we breach under both 1000 and 0990 - I would look for scalp buys again from 1002 to 1010 area

GL

 

[Forexmospherian]

EJ - UPDATE - Pre US session

12 30 pm

its been under its LiTs area all morning - and although i have done 3 scalps on it - I have left partials on all sells under 133 65

Low so far 133 22

Bounces should stay under 50 to sell again and under 133 13 and 133 05 look for more sells

 

[Forexmospherian]

AU & GU

Both pairs have remained partly bullish - even though we have seen dollar strength with UChf rising and the EU falling after 9 00 am

This may be because the UCad as still been bearish - along with EA - both correlated to the AU

GU - ugly PA - not bothered with it really - in bullish part of LiTs - but ranging for now

 

[Forexmospherian]

UChf

8 49 am

All change after 8 30 am when more dollar strength came back in

8 39 am was another scalp buy with R's next at 9785 to 90

Maybe we can look for sells again after 9 00 am ?

UChf

12 40 am

The scalp buys after 8 39 am have now gone up over 60 pips

I looked for scalp sell at 9785 / 90- and pullbacks never made over 10 pips and then went back to more buys

Not a pair I normally scalp - but an easy LiTs partial stake buy

 

[Forexmospherian]

UChf

12 40 am

The scalp buys after 8 39 am have now gone up over 60 pips

I looked for scalp sell at 9785 / 90- and pullbacks never made over 10 pips and then went back to more buys

Not a pair I normally scalp - but an easy LiTs partial stake buy

UChf chart update for 1 00pm

Need above 9840 and 50 to stay with buys next

 

[Forexmospherian]

Red News Announcements

We have not got any over Lunchtime and the next one is at 9 45 pm UK time on the New Zealand dollar

The fact that I don't trade the NU or other kiwi crosses and would not be scalping after 5 pm or later tonight - I dont plan to watch that one

Monday AM as been a cracker so far

Plan to do some more scalps from after 2 pm to 4 30 pm latest - all depending on market

Tend to think they will be bias towards the EA/ EJ pairs

 

[Forexmospherian]

I have just had a chuckle on another thread - according to one member - I am a nutter who takes imaginary trades - that are in fairy land and are just not proper trades.

Thank you all my followers have have shown their statements and trades etc etc - don't worry if no one every believes you - so many have been brainwashed by the Industry and think 30 -50% returns per annum are really good

Well they are on 100 million plus and large commercial capital account - but for retailers - then anything under 150% per annum gains on retail size account means you are not really doing that well.

You cannot keep compounding up at those rates ( many reasons why) - but once you are consistent then 20 to 40% per month should always be your target - just ask Major Magnum - although i think he may be a little bit too ambitious trying to do 20% PER DAY on his retail account ;-))

Anyway - back to la la land and the nutters lol

 

[Forexmospherian]

1 59 pm

Lets do some calls in advance of the moves etc

Some bright spark thinks it put too much pressure on you when you try and blog and make calls etc in advance - LIVE - in a forum

To me - it just shows they cannot trade - have no clue

We all know we can never by 100% correct with trade calls - but then that does not stop you trading - but ideally you make trades that have a 70 - 80 -90% probability of happening

Lets do some on the EA then next

Its been a buy last 30 mins - but surely a pullback soon

 

[Forexmospherian]

EA

2 01 PM

After its pulled back from 5215 - then look for buys again above 5190

 

[Forexmospherian]

EA

2 01 PM

After its pulled back from 5215 - then look for buys again above 5190

2 04 pm

5197 now - a 17 pip pullback - easy a 12 pip scalp sell profit for now and still not finished

 

[Forexmospherian]

2 09 pm

Low so far on pull back 51937

approx 21 pips from high at 2 00 pm

A scalp buy from 93 - but needs over 5210 to stay with and hold it on longer