A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

LiTs Area for Tuesday Am session

6 46 am


EU - 0994 - 1020

GU - 5420 - 5445

UJ - 120 29 120 66

UChf - 9839 - 9876

UCad- 3060 - 3085

AU - 7117 - 7136

EJ - 133 00 - 132 55

EA - 5410 - 5461

 

[Forexmospherian]

6 51 AM

So far my initial scalps have been sells on then EA / EU / EJ / GU etc

I am sure that will change now in the new time window and as normal be careful at the 2 opens on the hour for any spikes

 

[Forexmospherian]

7 02 am

Delayed reaction on EU and EA scalp buys - ie not at 6 59 am or 7 00 am - but a minute later ?

 

[Forexmospherian]

EA

7 04 AM

After a good 20+ mins to make 12 pips net on the EA on a scalp sell - after 7 01 am in 3 mins I am up 13 pips on a scalp buy

 

[sun11]

Good Morning F,
Eu is currently above the Lits area 1020. So bullish?
For how long?

 

[Forexmospherian]

EU

7 07 AM

Not so bigger mover as EA as you would expect - so 4 mins to make 6 pips on the scalp buy

Still for a first hour on a Monday morning session over 32 pips now

I will not be around for the London Open at 8 00 am - but back later that hour and will be around for 9 30 am Pound red news

 

[Forexmospherian]

Good Morning F,
Eu is currently above the Lits area 1020. So bullish?
For how long?

Morning Sun

Yes - slightly bullish atm for session

the main clues are the supports holding at 0990 - 1000 holding

Whilst we stay above that level - we might try back up - but maybe stay under 1070 area

For now the real range is 0990 to 1050 - we need to come out of there to then get more clues

I just had a 6 pip scalp buy at 7 01 am on EU


Have a good day and we will plan for live calls together on either Wednesday or Thursday morning - after more tips to come out next 2 days


Regards


F

 

[sun11]

Have a good day and we will plan for live calls together on either Wednesday or Thursday morning - after more tips to come out next 2 days

Regards

F

Sure No problem.

 

[Forexmospherian]

7 21 am

EA up 21 pips from 7 01 am and EU now up 8 pips

 

[Forexmospherian]

Missed GU sell - mainly for a few reasons

1. Not a key scalp pair for me prior to Opens - a spread can be 2 pips

2. 2 moves outside my KT's and TW

3. Last fall was at 7 17/8 am UK time 5434 area

Shame its so far a 10 pip drop so 8 pips net and as I type the spread is now under 1.2 pips on my broker

 

[Forexmospherian]

UJ

7 29 AM

Another pair dont normally scalp for opens - as a slow mover

Since 6 09 am and a scalp buy - which I missed anyway - its up approx 16 pips and as remained a buy for over 75 mins

120 50 -56 area is all R next though

 

[Forexmospherian]

There was a few scalp sells at 7 29/ 30 am ie EA / EJ - but both have very slow PA atm - so with me off out in just over 10 mins - not chasing both way moves atm

 

[sun11]

Want to ask a question about Lits area. Your Lits area has two level, high level & low level.
So if market goes above high level = bullish? vice viz for low level.

What if market stays within both range = no trade or just target one level to another ?

AU is currently within lits zone.

Thank you

 

[NVP]

morning all ......session over for me already as I need to make some early calls to china

http://www.trade2win.com/boards/for...-basic-ideas-strategies-1704.html#post2650070

ok have a good day

N

 

[Forexmospherian]

7 40am

Back after 8 45 am or so

Be careful exactly on the hr with LO - ie spikes etc

GL

 

[NVP]

UJ

7 29 AM

Another pair dont normally scalp for opens - as a slow mover

Since 6 09 am and a scalp buy - which I missed anyway - its up approx 16 pips and as remained a buy for over 75 mins

120 50 -56 area is all R next though

sure the usd has bounced north.....slim picking though.....sure JPY ....buts its straw clutching F ......................light morning so far

 

[NVP]

as I leave I like the aud coming north off recent lows ..............easily time for usd to selloff now and follow yen south

and euro just got a bullet !!!

 

[sun11]

Hats off to F's Lits Area!

UCad- 3060 - 3085

I was selling from 3078 but unfortunately got stopped out at -4.
But trade moved awesome. Almost 15+ pips easily. Really upset :X

 

[sun11]

EJ Lits Trade for 14 pips in one shot.

EJ - 133 00 - 132 55

Sold from 132.97, but could have hold more it was possible for 20+ pips.
Interim support at 132.75

 

[sun11]

Scalp more 4 pips from EU lits area 1020.
Bought at 1019