A Master Class in FX Intraday Trading by F & Co

[sun11]

Morning everybody...

I'm on buy with both AU & EU. About EU targeting 1.0774.
About AU not having much confidence. It might get stopped out & reverse into bear.

 

[Forexmospherian]

Morning everybody...

I'm on buy with both AU & EU. About EU targeting 1.0774.
About AU not having much confidence. It might get stopped out & reverse into bear.

Morning Sun

EU

I have a scalp LiTS around 0713 to 0718 - ie above both favours scalp buys and below both prices favours bears / lower and scalp sells

I can understand why you might look at the 0774 area - but there are interim R 's before there at 0736 to 50 - both dynamic Rs and static horizontal R areas

AU not really looked atm

Have a good day

Regards

F

 

[sun11]

Morning Sun

EU

I have a scalp LiTS around 0713 to 0718 - ie above both favours scalp buys and below both prices favours bears / lower and scalp sells

I can understand why you might look at the 0774 area - but there are interim R 's before there at 0736 to 50 - both dynamic Rs and static horizontal R areas

AU not really looked atm

Have a good day

Regards

F

Morning F,

Thank you for the reply. I closed my EU trade & AU both in profits. Didn't hold that long.

Regards

 

[Forexmospherian]

Interesting

From 6 59 / 7 00 am to now approx 7 06 am

Eu risen up approx 14 pips

EJ risen up approx 23 pips

EA risen up approx 15 pips

 

[sun11]

0.7117 seems AU lits area.

 

[Forexmospherian]

New Traffic Light sequence on EJ - I Min LR Chart

EJ

7 25AM

Had various clues that the Euro crosses might be bullish for the EO at 7 00 am

EJ was so far the best - although clues were stronger on the EU

This is my new "traffic light" sequence ( red/ yellow / green ) for directions etc - opposite on sells - unfortunately not using MT4 for colour swops for green bullish and red bearish

Dont let anyone tell you PA alone can be quicker than leading indicators from price structure on the fastest charts

Great example here - since copying this chart - price as made another 11 pip rise and so far in total 44 pips from 7 00 am

 

[NVP]

morning all

been selling usd ..........not bad so far

http://www.trade2win.com/boards/for...-basic-ideas-strategies-1707.html#post2656918

euro has had a good Asian and an even better London so far so no brainer on the bull currency to buy 👍

N

 

[Forexmospherian]

0.7117 seems AU lits area.
View attachment 205962

I will see what I have Sun - sorry neglected the AU - as been focused on euro crosses after 7 00 am

Check out on your set up the EJ - that was nice

👍

 

[Forexmospherian]

morning all

been selling usd ..........not bad so far

http://www.trade2win.com/boards/for...-basic-ideas-strategies-1707.html#post2656918

euro has had a good Asian and an even better London so far so no brainer on the bull currency to buy 👍

N

Morning N

Euro crosses been good - AU joined in rise and GU both ways so far - that pair been tricky - glad I left it alone for now

Have a good day

Regards


F

 

[Forexmospherian]

0.7117 seems AU lits area.
View attachment 205962

Actually on my set up Sun - a scalp LiTS was 7109 to 7114 - above and below bias - but I am sure our charts will differ by maybe 1 to 3 pips anyway so your estimate is fine for your set up

 

[sun11]

Actually on my set up Sun - a scalp LiTS was 7109 to 7114 - above and below bias - but I am sure our charts will differ by maybe 1 to 3 pips anyway so your estimate is fine for your set up

Good..that i was not too far & my understand is not that much wrong...😉

 

[NVP]

Interesting

From 6 59 / 7 00 am to now approx 7 06 am

Eu risen up approx 14 pips

EJ risen up approx 23 pips

EA risen up approx 15 pips

Euro has stormed some 15-20 bull pips off London session so far
Yen is 20-30 pips down
that's the dream team trade so far London

Aud is net bull, and usd is pretty neutral although did selloff initially London

later all......got a few this morning

N

 

[Forexmospherian]

Back around 8 - 8 10 am this morning ( I hope ;-) )

 

[NVP]

i'm off too everyone

heres the USD situation
http://www.trade2win.com/boards/for...-basic-ideas-strategies-1707.html#post2656944

euro has got to be the one to play as a big bad bull this morning ..watch for bounces ..........EJ , EU..........EA is struggling so far as AUD is bull London as well as EUR..........but that could change

Yen is a stellar sell so sell the retraces .......gbp having a mare too.....

great volatility for London opening on a Monday ................don't waste it !!!

be safe out there
N

 

[Forexmospherian]

EJ - Last 75 mins or so - 75 pip + rise

Interesting

From 6 59 / 7 00 am to now approx 7 06 am

Eu risen up approx 14 pips

EJ risen up approx 23 pips

EA risen up approx 15 pips

EJ

7 25AM

Had various clues that the Euro crosses might be bullish for the EO at 7 00 am

EJ was so far the best - although clues were stronger on the EU

This is my new "traffic light" sequence ( red/ yellow / green ) for directions etc - opposite on sells - unfortunately not using MT4 for colour swops for green bullish and red bearish

Dont let anyone tell you PA alone can be quicker than leading indicators from price structure on the fastest charts

Great example here - since copying this chart - price as made another 11 pip rise and so far in total 44 pips from 7 00 am

EJ

8 14 am

Update on EJ chart with new set up on colours and also other aids to assist with clues for decision making

Over 75+ pip rise in approx 70+ mins

Monday Morning - and at 6 00 am ish market looked flat and very slow

 

[Forexmospherian]

8 22 AM

Euro crosses

All are bullish to a certain degree - EJ best and EA dont like the PA

I expected the EU to stop by 0750 but its made 0756/7 so far before a pullback

Similar on EJ - 132 00 is a big number barrier - but price made 132 05 before pulling back

We need to be looking and checking time rules next - euro still in bullish PS - but as we know after 30 + mins and then 50 -60+ mins - all can change - so be aware

 

[Forexmospherian]

EJ

8 42 AM

How I see it next

We peaked at 8 08/9 am at approx 132 05

Ideally we want to buy again - as in a bullish PS for session above the LiTs

We should look at buying again either in the 70/75 area - or if no set up next area under there is 131 55 -60

We need to see over 132 10 /13 for the up rally to continue and to dd to buys

We only drop out of bull bias for session under 131 30 and 20 and under there we would then have to favour more scalp sells

 

[Forexmospherian]

9 23 am

Update

EU - starting to lose its bullish PS now - EA already started going bearish after 9 00 am and EJ still in a bullish PS for now above 30 -50 / 70 areas

We have Draghi speaking at 10 15 am and unfortunately will not be around for it.

Meanwhile a bit of a mish mash now - with GU bearish - but AU still in a bullish PS for session

Maybe this is all just waiting for more news this morning - but pleased we have had 2 hrs of good movements from pre Opens to 9 00 am

 

[Oscar Reed]

Morning Campers

Managed an hour today.
Trading on Monday, Mr F must be getting me motivated.

Good Week and Day All
Oscar

 

[Forexmospherian]

EJ - After 11 21 am and 12 51 pm -

EJ

3 20 pm

I have featured this pair today - mainly because ever since 7 00 am and European open - its been a nice pair to trade.

We had bull bias from the LiTs Area - pre opens and basically that saw an approx 90+ pip rise from the EO.

We then started to see again the time rules suggesting an interim high and after 12 51 pm and 1 00 pm UK time the LR's and other clues were saying sell more for so far an approx 50 pip fall from the high at 11 21 am ish at 132 22

In the last 45 mins we are seeing a change in LR colour pattern from a strong traffic light - red yellow green comination to now the red and yellow going under the green to suggest bear bias again

Maybe the chart explains it better - note this is my new set up for now - different colours etc with the longest LR ( the LiTs guide) now in both red and green dots