A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

7 00 am

EU

64 and then the drop - so no 66 now the test is 0855 and 0850

EU

7 27 am

So far 0850 thats the drop from 7 00 am starting at 64

Net 10 to 13 pips there depending how good your entry was

59 is my cut off on part stakes

 

[Forexmospherian]

EA

7 30 am

Down 43 pips from 6 26/27 am time

Nice - I can have a bacon sarnie now before I pop out

Back hopefully by 8 30 am ish

Stay focused and be careful on the hr at LO

 

[davetherave65]

Euraud short 07 23 1.5191

Morn F

Managed to manage trades from last night

Just taken this short

+9 at moment

Dave.

 

[keen246]

Morning all,
With so many GBP news I'll leave alone GU this morning.
Good trading for all.
K

 

[Forexmospherian]

Morning Guys

Back now for an hour or so

Just get meself sorted and see what me might have scalp wise for this half hr TW

 

[sun11]

Good morning everybody...

Did some hard work...but still -5 pips in loss. Decreased it from -28 pips.
Having some question..will ask on my thread.
EU in lits area.

Happy Trading.

 

[Forexmospherian]

EU

6 48 am

For now bounces staying under 0870 are sells again

Price is at 0859/ 60 - an interim support area

0840 to 60 is really all Support - SO for us to sell more we need to see under 0840 - that might take some doing all pre LO - but there again - anything can happen in FX as we all know ;-)

EU

8 27 am

Comment from over 90 mins ago

the fake bear trap - as some might call it

I expected to turn above 0840

Instead price dropped to about 0835/6 before the 40+ pip turn after 7 51 am and 8 oo am

My partial stake on sell got taken out at 53 - i had moved it down under 66 to 59 then 53 - so tight but guessed it was a set up

Just was not here to take advantage of the turn

 

[Forexmospherian]

Dollar strength tap was turned off at around 8 00 am - and the Euro hot tap was turned on full - all manipulation as you might guess.

there go my partial sell stakes on 2 pairs - but no problem - stops were in profit ;-)

 

[Forexmospherian]

If you look what I had for LiTs area on EU

I got it wrong by about 5 pips - I had under 0840 very bearish - should have been under 0835 or 0830

Over 0880 is bullish PS - but for now - we are still in the 40+ pip range and we could go into a BTTZ with both levels holding over 30 mins with no breach

 

[Forexmospherian]

Classic SSS for me really this morning - ie sweet spot scalping. Nice moves around KTs

Looking at the GU - keen is perfect for my system

ie scalp buy after 8 05 am LR cross - 19 pip rise

Scalp sell at 8 23 ma - LR cross - 14 pip drop

Total 33 pips there - 15 to 20 pips easy on for 2 scalps for average scalpers - and all with fairly nice PA

Throw Bob Volman's scalping methods away unfortunately - 5 min charts just far too slow ;-)

 

[Forexmospherian]

8 40 am

EA

Had taken 70% stake off under 131 90 but had the partials taken out

Again over 8 00 am TW nice scalp buys - 40+ pip rises - and did not get 1 pip of that ;-((

Pullbacks staying above 132 18 are still buys again atm

 

[Forexmospherian]

Best fall I can see after LO at 8 00 am was UCad for now

With the dollar strength tap turned off all UChf / UJ and UCad pairs fell - but Ucad best at over 30 pips

Great example of correlations on pairs - ie opposites - Uchf / EU

 

[Forexmospherian]

Back to EA at 8 46 am

I have 5240 to 70 area all R

So unless we stay slowly grinding through this area - i will be looking for scalp sells

A typical trap would be to go to 45 or 55 - get the bulls in more - and then fry them

Be ready then next 30 mins

 

[keen246]

Classic SSS for me really this morning - ie sweet spot scalping. Nice moves around KTs

Looking at the GU - keen is perfect for my system

ie scalp buy after 8 05 am LR cross - 19 pip rise

Scalp sell at 8 23 ma - LR cross - 14 pip drop

Total 33 pips there - 15 to 20 pips easy on for 2 scalps for average scalpers - and all with fairly nice PA

Throw Bob Volman's scalping methods away unfortunately - 5 min charts just far too slow ;-)

Hi F,
When you have some time, could you please elaborate a bit more on why entering GU @ 8:05 and not @ 8:00 or @ 8:03. How you pinpointed that at 8:05 was the very last pip of the swing?

 

[Forexmospherian]

Hi F,
When you have some time, could you please elaborate a bit more on why entering GU @ 8:05 and not @ 8:00 or @ 8:03. How you pinpointed that at 8:05 was the very last pip of the swing?

Quick 2 LR cross overs - ie over price bar/ candle or under for buys

Will post some more examples on charts next hr

No problem

Have a good day K


Regards


F

 

[Forexmospherian]

Quick 2 LR cross overs - ie over price bar/ candle or under for buys

Will post some more examples on charts next hr

No problem

Have a good day K


Regards


F

Last buy cross on EU was at 8 33 am at 0865/66 confirmed above 71

Chart to follow

 

[Forexmospherian]

EU - After L O at 8 am - scalp wise

EU

1 Min LR Chart

circled crosses for Keen

Not every cross will work for a scalp - only maybe 70% - but must be in time windows and also at correct levels in Price structure

 

[Forexmospherian]

Back to EA at 8 46 am

I have 5240 to 70 area all R

So unless we stay slowly grinding through this area - i will be looking for scalp sells

A typical trap would be to go to 45 or 55 - get the bulls in more - and then fry them

Be ready then next 30 mins

EA

9 05 AM

OK approx 19 mins and we made 5260 - right in the middle of R

Still not really shown signs to sell although stalling - might happen before 9 10 but need now over 64 to carry on scalp buying

 

[Forexmospherian]

EA

Supports under 5260 at 25 -30 area

Not more buys until over 63 - thats if we go over 63 sells - depend on your scalp capability etc

 

[davetherave65]

Eurusd short

Hi All

Just sold Eurusd 1.0882 fast LR crossover 08:57

+9 at present

Dave