A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

0 930/31 is a scalp sell - but not taken it

I think 0920 / 22 might hold - ok missed out on 5 + pips or so

 

[sun11]

Ucad

UCAD perfect 5 pips scalp.

 

[keen246]

EU

9 05 am

so over 28 now - will it stall by 35 ??

Dont know atm

EU bounced too quickly on the retrace to enter @ 4:03. Missed that one...too quick.

 

[Forexmospherian]

9 08 am

EU - still not cross for a buy at 21/22 ?

see - i missed out there as did not scalp sell

 

[Forexmospherian]

EU bounced too quickly on the retrace to enter @ 4:03. Missed that one...too quick.

We will get you speeded up Keen - no problem

May need to use tick chart to help you more

It will come

 

[Forexmospherian]

EA

perfect cross at 9 01 am - like Sun's Ucad sell on EA

In 9 mins dropped 16 pips - 14 pips net

 

[Forexmospherian]

Must not forget GU for news in 20 mins

For now its trying to stay bullish above 5420

 

[Forexmospherian]

9 08 am

EU - still not cross for a buy at 21/22 ?

see - i missed out there as did not scalp sell

I will not buy EU at 20 or 22 just because I think it should hold

Missed out on sell and cannot buy atm - might have to scalp sell it more

 

[keen246]

We will get you speeded up Keen - no problem

May need to use tick chart to help you more

It will come

Meant 9:03..UK time. EU and UChf not much in syn atm.

 

[Forexmospherian]

We know now on EU bounces staying under 31 are sell again for now - and even under 27

Need to see if both 0917 and 14 let go next

 

[Forexmospherian]

Meant 9:03..UK time. EU and UChf not much in syn atm.

Well as EU dropped from 30 - Uchf price rose -as negatively correlated moves

 

[Forexmospherian]

I will say EA as been nice all morning - it is easier than EU and even EJ - but I appreciate it can be scary until we get all of you used to scalping and taking trades against immediate trends etc

 

[NickBk]

I find the correlation between EU AU and EA fascinating.

Not always do they do as you might expect and although I trade EA 80% of the time it is never without reference to the other two. As F will tell you better it lets you know if you are in for a quick few pips or can have a longer timescale on the trade.

Had one UCad today too, not in a long time did I do that. Can anyone guess where?

 

[Forexmospherian]

0917 as held on EU and crossed as a scalp buy

No over 27 and 31 - then pull

similar if it tested 15 - pull

 

[Forexmospherian]

I find the correlation between EU AU and EA fascinating.

Not always do they do as you might expect and although I trade EA 80% of the time it is never without reference to the other two. As F will tell you better it lets you know if you are in for a quick few pips or can have a longer timescale on the trade.

Had one UCad today too, not in a long time did I do that. Can anyone guess where?

Did you buy either after 7 00 or 8 00 am ??

Uk time that is

 

[NickBk]

I will say EA as been nice all morning - it is easier than EU and even EJ - but I appreciate it can be scary until we get all of you used to scalping and taking trades against immediate trends etc

That actually is what makes EA so good for me and you. The fact that it swings so much and you can know the trend but still get 10+ pips going counter trend in a few minutes and then jump right back on the trend train again.

Bit like the Dax on the crazier days. Buy or sell anywhere as in 20 minutes you will be onside by 15 at least once. Ok not recommended of course.

 

[MajorMagnuM]

I find the correlation between EU AU and EA fascinating.

Not always do they do as you might expect and although I trade EA 80% of the time it is never without reference to the other two. As F will tell you better it lets you know if you are in for a quick few pips or can have a longer timescale on the trade.

Had one UCad today too, not in a long time did I do that. Can anyone guess where?

i have been watching this corr also. plus ga. seems sensible to have e/g as cornerstone for watching e/a/ g/a, ej gj?

 

[Forexmospherian]

We are getting closer to Pound news - and GU not looking good atm- as trying to drop under bull bias

 

[keen246]

We know now on EU bounces staying under 31 are sell again for now - and even under 27

Need to see if both 0917 and 14 let go next

Question F...Had you entered EU @ 9:05 and seeing that it's very likely it will bounce or retrace significantly from 0917, you put a hard take profit around there or you hold the retrace and see what happens....knowing you can miss many pips already won?

 

[NickBk]

Did you buy either after 7 00 or 8 00 am ??

Uk time that is

Like your Christmas mints F