A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

Morning Traders,

Struggling with EU.

Morning Sun

So far best pair for me as been the EJ - 2 scalps now - both buys - and 11 pip in the bag

EU from 6 00 am UK time is bullish atm - taken 1 scalp on it at 6 41 am for 5 pips again - but its moved up 12 pips from the start of the hour

After yesterday evening red news having a big effect on the EU - its a different range this morning

Take it easy and will pop in and see how its going later on

Have a good day


Regards

F

 

[NVP]

gu under pressure from 5258..gbp looks bear

 

[NVP]

ucad at 3207 .again I am looking for buys here alongside GU sells

GBP and CAD are bears ......here I am looking at a usd bounce from lows

 

[NVP]

usd looks flat / bull.........opps here

 

[NVP]

nice correlation on yen and usd in London session.........yen is bear so I would prefer to see it a little more bul to accompany my usd predictions of a bounce

 

[Forexmospherian]

hey mate .....well done........2 years and you cracked the 1m views a while back on the big threads ..........

naturally you made an early splash here ....and many had noses placed well out of joint.........

sure you are no shrinking violet but clearly you know your game and were willing to help those that were prepared to listen..........

as I was transitioning to Scalping .....I was genuinely interested to learn ..and your banter and confidence for me was no different to many business people and also traders I have learned from over the years

ive always been surprised at how easily you upset so many "established" traders here at T2win ..................perhaps many were not as confident and established as they claimed

have a good one

N

Good Morning and Thanks N

Well I would expect any commercial FX traders to find my method totally bizarre - but as I have said so many times - retail FX trading off Capital accounts under 100k is a different ball game to playing with multi million large Capital Funds

We just follow the action - not big enough to cause any Price changes - but quick enough to read the 30 min sessions via Price structure and Price Action - assisted by my "homemade" algo's that are set up to be leading indicators by their nature etc

Glad you have enjoyed my ride N - and thanks for the support - because as a fellow scalpers I think you could see the power of a great method - as well as the results etc etc

Have a good day

Regards

F

 

[NVP]

aud has gone top dog London session..euro folding

 

[Forexmospherian]

8 45 am

Just been able to get back on T2W

Will update in a bit with scalps taken on EU and EA

Busy Morning again

 

[Forexmospherian]

EU - From Pre Opens - 2 charts

EU

8 50 am

This pair this morning as played by my method book

5 scalps shown on second chart - all exactly on KEY TImes with quick crossovers on scalp LRs

First charts shows part way through the sequence - ie in the sell - and then next chart shows it dropping farther and turning into a buy - not back in time to catch first 9 mins though

Easy over 50 pips off the EU this morning - then later EA chart showing a 70 pip rise caught mostly on partial stakes after 7 50 am - as had to pop out

EU first though

Next chart shows scalp sell fall

Then next chart all 5 scalps over approx 2 hrs

 

[Forexmospherian]

EA - After 7 39 am - scalp buy taken slightly later

EA

A scalp that made over 70 pips within the hour

No - did not catch it all on 100% stake size - left Partial stakes 30% on when I was out for 25 mins or so

End result over 70 pips off one scalp based on a 5 pip stop entry

Dont let anyone tell you tight stops cannot work

All that shows is - they dont get their timing and accuracy correct - they need more experience ;-)

 

[Forexmospherian]

EU - Update at 9 00 am

EU

Nice morning

Last scalp buy from 8 09 am KT - as made now over 35 pips

2 charts showing progress

Now at 9 00 am ish

 

[Forexmospherian]

EA

9 22 AM

Update

It made a 70 pip rise in under an hour and now it just touched 100 pips in approx 100 mins or so

Excellent morning for me just off 2 pairs really EA and EU

Not really done much on the rest although had 3 scalps on EJ as well - all winners - but nothing like just one 100 pipper of EA

Dog walk time

Back later - 9 30 am Pound news is not rated red - next red at 12 30 pm

Stay Focused


F

 

[Forexmospherian]

10 36 am

Personally - I think the EA as been better - ( easier) than the GA this morning

OK - both made great bull rallies over 100 pips from Opens - but the EU as also been a far better mover than the GU in terms of a bull rally rather than a bias with loads of 2 way moves - as on GU

Yesterday - the GA took my vote as the favourite of the day - so far EA gets its this morning

 

[Forexmospherian]

Missed the start of the 10 30 am scalps - - got in EU and EA far too late - so hope they carry on down a bit further

 

[Shacau]

nice drop on EA, got +35pips : )

 

[Forexmospherian]

Also note as the EU fell after 10 21 and 10 30 am - the GU started its rise.

That lead also to a GA 40 pip fall in approx 9 mins

 

[Forexmospherian]

EA

10 43 am

It dropped approx 50 pips from 10 30 am - because I missed the start - I only got 13 pip and from 10 38am we got the bounce pullback - so far retraced 15 pips - all catchable if you are a experienced scalper

 

[Forexmospherian]

EA

10 46 am

5410 to 5420 is all interim support

By rights PS says we should try up again

If we do manage to breach under first support then next ones at 5395/ 5400 then under there 5380

ALSO keep an eye on the time rules next on last low

 

[Forexmospherian]

nice drop on EA, got +35pips : )

WD Shacau

Been some nice moves this morning




Regards


F

 

[Forexmospherian]

EA

10 46 am

5410 to 5420 is all interim support

By rights PS says we should try up again

If we do manage to breach under first support then next ones at 5395/ 5400 then under there 5380

ALSO keep an eye on the time rules next on last low

EA

12 09 pm

After last comment - low held over 30+ mins and price went up another 30 + pips

After 11 30 am time for pullbacks again - or scalp sells

5425 to 40 - support area should stop the pullbacks and maybe another scalp buy then - but only if all clue line up