A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

and heres my take on that situation...........GMT on my charts

Blue line = Euro index
Green line = usd index


usd bounced off a support at 5.26 BST (left side chart)

euro was not selling though
wait for damn euro to sell

5.40 BST = first indication of Euro selloffs (LH)
but usd now flat - wait !

5.57 BST = usd breaches new resistance level and euro still falling = Trade

yes even though we are 3 mins off of new 30m/60m bar change

small win but absolutely solid move for 10 pips :smart:

you were ahead of me on the signal F by 6 mins - but I needed to see more from the individual currencies to risk it :smart:

N

Morning N

Pleased if can assist you N with your own correlation set up and hopefully its doing that

After 6 30 am we had my favourite triple sync of GU / EU / EJ all moving as scalp buys

When that happens you have bigger moves

That as enabled me to take now over 50 pips within first hour of trading

So should finish now - job done

But can I stop trading before the Opens - lol you must be kidding

Have a good day N

Regards

F

 

[NVP]

6 45 am

GU

Just mentioned with Nick how I like looking for GU in sync on scalps with EU and EJ - ie a triple sync leading to larger scalp moves

The GU start rising as i was taking my first EU scalp sell - so was out of sync

From approx 6 30 am - that all changed - all 3 in a scalp buy scalp

heres the 4 currencies mentioned on a index chart

note these are 4 independently loaded indexes from my free links below - therefore the scaling is different - BUT I am not interested in scaling on this chart - just direction ! :smart:

#1 - from 6.14 I am looking at selling off the green USD
#2 - from 6.30 I see the yellow yen align to usd sells and I see the blue Euro bounce north - and red gbp reconfirm buys

so from the new bar we really get some nice correlated signals

Yen correlated to Usd as both sells
Europeans correlated together and going north

boom boom :smart:
N

 

[Forexmospherian]

GU - 1 Min LR chart

GU

6 57 am

Was not at desk trading at 5 39 am - started though at 5 51 am and with EU a sell set up - i did not take GU

By 6 30am though the GU was in sync with EU and EJ - all nice scalp buys

 

[Forexmospherian]

Your correlation chart is about as messy as mine N

The main point is though - it does not matter - as long as you can read what your chart is telling you and i am getting to understand yours more - and similar I hope you and many other are starting to understand the multi LR structure

 

[Forexmospherian]

GU

7 01 AM

If you looked at my last chart - I just hope you saw what was going to happen around 7 00 am and under 5250

YES

A sell off again

 

[NVP]

Your correlation chart is about as messy as mine N

The main point is though - it does not matter - as long as you can read what your chart is telling you and i am getting to understand yours more - and similar I hope you and many other are starting to understand the multi LR structure

I use lots of variations F ..........just loaded up 4 indexes to support your call.............

as with your system .....

its not just the tools of the trade .........its how you use them that counts

N

 

[Forexmospherian]

its Scalper's paradise this early Friday am ;-)

 

[Forexmospherian]

EJ

7 08 AM

The scalp triple sync finished pre 7 00 am EO

the EU and GU fell quickly - but the EJ is still a scalp buy

Left 30% on the buy from after 6 30 am and moved stop in profit up to 132 79

 

[Forexmospherian]

Back for 7 30 am TW - ie 7 20/1 am to 7 39/ 40 am

 

[NVP]

GU

7 01 AM

If you looked at my last chart - I just hope you saw what was going to happen around 7 00 am and under 5250

YES

A sell off again

nice early call F ...........again I missed the bus a little as my own approach told me red gbp was still pulling a little too much bull action........6.55 earliest for me which lost me 3-4 pips but felt more solid

I will make that 2-3 pip gap up on you F one day :smart:
N

 

[NVP]

its Scalper's paradise this early Friday am ;-)

damn straight .......glad I got up early (I forgot to put bins out overnight )

early birds catching the worms :smart:
N

 

[Forexmospherian]

EU

7 25 AM

In a range from 1115 to 11 40 - approx 25 pips

Scalp lits approx 1125 / 27

above both favours tries up

Below scalp sells - but need under 1115 to stay with them

 

[NVP]

stepping back (something scalpers do occasionally)

been a good week.........mainly bull action on USD

today has opened up bearish........but we have recently seen a solid bounce of Thursdays S/R levels

will chase it as it comes ...........happy on bull at present ..............if that support line breaches though we could have a massive selloff..........

Labor day holidays this weekend in US so will have to see

N

 

[Forexmospherian]

Will post a pre 7 30 am scalp sell on GU

again - a lovely set up

 

[Forexmospherian]

GU - 2 more scalps

GU

7 24 / 25 am was the 7 30 am scalp sell

7 39 am was start of scalp buy

14 pips so far - left 30% on the sell but scalp bought at 100% on bounce to 44

PS -Now where's the Lag on this 1 min chart

You cannot replicate that with MA's - LR's rule ;-)

 

[Forexmospherian]

7 58 AM

LO in 2 mins -watch out for spikes

My ej buy doing OK - GU lasts sell OK

EU - bad PA for now

 

[NVP]

agreed

I am 100% on the usd buys / bounces at moment....picking off the best currencies to sell as they present opportunities

 

[NVP]

8am bar challengs the usd bull supremecy .............lets se how far she retraces

 

[Forexmospherian]

Will update GU sell with an updated chart next

 

[NVP]

looks like usd now trying to bounce north again.......Europeans to sell

GU sells stays solid so far