A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

GU

12 53 pm

For now range is approx 5205 to 5225 - 20 pips

I am out scalp buy at 13 - its not going anywhere for me atm - so 2 pips positive is better than minus 2 or minus 5 pips

We have US Dollar news in approx 38 mins or so - so maybe we might stay in the tease limbo area until then ?

So far from after Midday I am up personally 18 pips on GU from 3 scalps - so not too bad

Its easier to just wait for more clues etc than just jump in again - plus the fact EJ a better scalp after 12 39 / 40n anyway

 

[Forexmospherian]

Red news release on US dollar in approx 5 mins

Will be watching to trade next EU - EA / GU

 

[Forexmospherian]

Red news release on US dollar in approx 5 mins

Will be watching to trade next EU - EA / GU

Very disappointing

Not much of an effect - shame - all maybe waiting for FOMC minutes news at 7 00 pm

 

[Forexmospherian]

12 37 to 12 38 pm - it start on EU and GU etc with falls

 

[Forexmospherian]

1 48 pm

GU for me should try lower for now

EU - had to exit a sell as just being manipulated atm and needs under 0653 and 47 to stay with sells

 

[Forexmospherian]

1 48 pm

GU for me should try lower for now

EU - had to exit a sell as just being manipulated atm and needs under 0653 and 47 to stay with sells

1 55 pm

Manipulation time - the GU should fall again - but its not as not been able to go under 5200 - an important level

1 49/ 50 said scalp buy - which I did not do - instead just exited my sell - although still got part stake sell on from 5222 now so might have to accept profit on that for now

 

[Forexmospherian]

2 10 pm

Asian movements ( ie slow) at peak day time for now

Will just have to wait for proper moves as not wanting to keep scalping for 2 -5 pips for now

Lets see if 2 30 pm changes things - I was not planning to trade after 7 00 pm - but if this afternoon is still slow up to 4 00 pm - will pop back later

 

[NickBk]

too busy to write all now but followers will have seen the longer lr's played a blinder today,
well done F and thanks

 

[Forexmospherian]

too busy to write all now but followers will have seen the longer lr's played a blinder today,
well done F and thanks

Hi Nick

Yes - and I know the pairs you mean - some days if you can catch the start of moves - then its so much easier

I have been featuring the GU after lunch - but last hour failed to take 5 scalp opportunities - - only took 2 - getting lazy ;-)

See chart

As soon as we could not get under 5200 and 5195 then the last scalp buy made sense

 

[Forexmospherian]

GU - 3 00 PM Update

GU

11 33am

I will cover this pair in depth this morning as it a great example for my method

First the chart and then explanations and next part for the US session to follow

GU

3 03 pm

The last chart shown there was over 3+ hrs ago

I had marked the support area and LiTs area and mentioned about needing under 5200 and 5195 and 85 etc to sell off

Well we never got under 5200 and the arrow on that rectangle held and for now we try back up again

Latest chart - its a mess but left scalp times on and previous comments

 

[Forexmospherian]

EU - Today so far - 2 main signals off Traffic light Mid LR's

EU

4 12 PM

I changed my LR colours over the weekend - not to confuse others - but purely to explain the importance of the mid LR settings

We know the quick 3 ( or more ) are for scalping

We know the 3 longest are for Bias and LiTs Areas of Price structure

The 3 md range ( coloured red/ yellow / green are really ideal for intraday swing moves - ie the 25 to 100+ pip moves

On the EU today - pre Opens we had the correct sequences for price rises - and it moved up approx 55+ pips

Then for the start of the US session - we had a full crossover under 0675 and so far price as dropped over 35 pips

Sun please check this chart sequence and make sure your MT4 set up is assisting on changes etc etc - sometimes if all are red or green it can be confusing -you need dotted and line thickness differences etc

 

[NVP]

just got off my US calls so not going to bother trading now

WOW ! - a superb day in market .......jees it spoils you guys !

http://www.trade2win.com/boards/for...-basic-ideas-strategies-1708.html#post2658336

Usd came deep then went big time bull in US so far

Big Buys on USD, YEN, EURO , GBP recently ............sell the rest ...............market is very very polarised................pretty rare so make the most of it

N

 

[NVP]

Man I gotta get some screen time in tomorrow .........i'm going stir crazy !!!!!

 

[Forexmospherian]

Man I gotta get some screen time in tomorrow .........i'm going stir crazy !!!!!

Hi N

All those missed opportunities N - still glad you found today good

There was LOADS ( Lots ) of trade opportunities today

I found from after 1 30 pm to 2 30 pm boring on a few pairs but then again this afternoon so nice moves - mid range scalp/ swing 15 - 30 pip moves

One pair I did not trade at all this morning but did later today was the UChf

I use it normally as another clue on the EU - being oppositely correlated

However today - its movements fitted in well with my mid range LRs and levels - giving a few nice opportunities

See chart - traffic light red yellow green both ways

Will have a look after 7 00 pm FOMC news release just to see if any pairs go wild etc etc

Regards


F

 

[Forexmospherian]

6 45 pm

Most manipulated / played with FX pair today on my List

The GU gets the award - outstanding manipulation by the LP's and players having fun

Probably all of it legal - but done deliberately to stop hunt intradayers and take their money

Its is in top 3 traded FX pairs - so billions go through it - would love the regulators to ask a few big banks what their excuses were today ;-))

 

[Forexmospherian]

Talking of GU - its back in a bullish price structure again now above 5215

Need to see over 5232 and 40 to stay with buys though and of course under 5190 and 80 - then back bearish and look for more sells

News in 5 mins or so

 

[Forexmospherian]

7 04 pm

FXPro platform freezes as I move through charts ??

Frustrating - but so far 2 way spikes - so not my cup of tea atm

 

[Forexmospherian]

Talking of GU - its back in a bullish price structure again now above 5215

Need to see over 5232 and 40 to stay with buys though and of course under 5190 and 80 - then back bearish and look for more sells

News in 5 mins or so

GU

7 15 PM

Its moved up above 5215 and now made 5240 and is still bullish

Price needs to stay above 5215 / 17 to look at buying again

GL guys - had enough now ;-)

 

[Oscar Reed]

Morning/Evening

40 mins of scalping today across 3 periods.
Need to put in a longer session.

 

[Forexmospherian]

GU - Over night

Talking of GU - its back in a bullish price structure again now above 5215

Need to see over 5232 and 40 to stay with buys though and of course under 5190 and 80 - then back bearish and look for more sells

News in 5 mins or so

GU - Comment 11 hrs ago

Carried on up to 5290 - 50 + pips rise through the Asian session

Still in bullish PS on pullbacks staying above 5252/55 area