A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

EU

12 37 PM

Time rules ;-)

Back after 2 15 pm - GL with UCad at 1 30 pm news

EU

3 13 pm

I left this as a clue before i went out to Lunch

12 37 pm was over 30 mins from when the EU posted a low at 0672

After then it went up approx 40 pips and now retraced back to 0680 area

its teasing in its range

We need under 75 and 0668 to sell off more and back over 0710 and 15 to take new scalp buys

In between - scalp - or look at other pairs for a better set up

 

[Forexmospherian]

3 20 pm

I am noticing AU is in now a new R area and its about time we got some retracing on the GA and EA - both massive fallers today

Maybe worth checking out for 3 30 pm TW's

 

[Forexmospherian]

3 50 pm

EU

next clues 0660 and 56 - or 0673 and 77

Either way again- we should really drop more - but its time rules that might kick in if we stay above 0660 now for another 10 - 15 mins

 

[Forexmospherian]

4 07 pm

Manipulation at its finest on the EU - ie trying to catch both bulls and bears out on that move with clever play

At play times like this - if you are scalping the EU just take 3 -7 pips and only hold on clear breaches of over 3 pips - otherwise you get caught in the trickery going on

30 mins now and its still teasing lower atm - but would I trust it ......... no way - its the Euro and most manipulated pair on the FX market - if you are selling be ready to get out quickly if it bounces back over 75 again

See you after 4 30 pm - GA and EA not giving up dropping still

 

[NVP]

nice nice day....usd buys on the bounces went better and better into the US session and the EU was a nice consistent sell from early London (as I was trading here live yesterday)

and a few thoughts below

http://www.trade2win.com/boards/for...-basic-ideas-strategies-1710.html#post2659708

 

[Forexmospherian]

EU - Friday 20th - Looking at my predictions in Hindsight

EU

12 37 PM

Time rules ;-)

...............

EU

3 13 pm

I left this as a clue before i went out to Lunch

12 37 pm was over 30 mins from when the EU posted a low at 0672

After then it went up approx 40 pips and now retraced back to 0680 area

its teasing in its range

We need under 75 and 0668 to sell off more and back over 0710 and 15 to take new scalp buys

In between - scalp - or look at other pairs for a better set up

Morning Sun

Been out on a school run so sorry for delay in replying ( approx 8 55 am )

OK - EU

I think the chart explains it better than just words

Big Round Number - ie 0700 - yes a natural interim support and it gave a 10 pip approx bounce.

But the Price structure set up bias - ie Bearish - meant it needed to bounce above the next interim S/R is above 14 and 20 to have any chance of turning the drop.

Maybe the LR's or a TL give you the additional clues - along with the red - yellow - green traffic light sequence on the LR set up on the mid to long range 1 min LRs

An actual better example was on the EJ - that dropped 70 pips to EU approx 50 pips

I will post a chart on that later - but meanwhile the EU

EU

The chart above was at approx 9 00 am FrIday morning

The chart below is end of trading day over 13 hrs later

My 0710 level was important and so too 0670 and 80/5

We knew it was bearish ( maybe 80% of all traders guessed that ) but how many would take buys after 12 09 pm and 12 37 pm and make 30 -50 pips depending how you did it - and then sell again under 0710 for a 60 + pip drop etc

As per normal - hindsight chart - with the calls and predictions always in Advance


EU Prediction for next week

Well I reckon everyday I will be taking some buys - and some sells

In theory - my sells should add up to more positive pips than my buy count

Will they ??

I have not got a clue - but all I do know is that I will not be holding on to scalp buys until we clear 0670 - 86 and over 0710+.

If we stay under there - then probability favours tests on 0600 and lower - but still nothing to say we dont test say 0580 - 0600 area and then for 2 days go back over 0710 +

Fortune telling is for weekly / daily / 4 hr traders - normally with big stops.

Intraday traders can make far more money with tighter stops - more trades and higher probabilities etc etc- but only when you are experienced and know what you are doing.

We will still have losses - and a few bad runs of 3 or 5 or even more negative trades - but so what if we can filter them out under 5 or 7 pips and within 5 mins whilst our winners can make double and treble and even tenfold over a few hours.

That's the basis of a winning formula with proper retail ROC - not the 30 -50% of commercial multi million pound capital accounts - but instead on account from$1k to $200+ k - 30% as to be your target monthly - but not based on continual compounding - that will just not work - but all with risk well under 2% exposure and with your partial stakes controlled with your stops in profit.

Utopia ;-))

Have a great week and I hope to be around a bit more in the mornings

Regards


F

 

[Forexmospherian]

Monday 23rd November 2015 - After EO - but Pre London Open

Morning to all FX Intraday Traders

Start of a new week but not quite the last week of November as the last day is next Monday

Overnight EU made down to 0599/ 600 and as since done a HL at 0608 and now need a HH over 0628/30

Two lots of main key red news on Euro at 8 00 am ( LO ) and then at 8 30am - with a Eurogroup meeting going on over the day

Also notice a sly one - ie a tentative announcement from the Fed some time today - but you would expect that this afternoon after 1 or 3 00 pm - the fact no exact time is given is always a concern - so always be alert on every exact hr change .

Not going to be about every day this week - but hope to be around to put in more hours than over the last 10 days or so

Please feel free to post comments and charts and calls etc - even when i am not around.

Have a great week


Regards


F

 

[Forexmospherian]

EA - Lovely Overnight / Early Morning set up

EA

7 45 am

Last week after Wednesday the EA and GA made some large price falls - especially on Friday with over a 200 pip fall.

You expect a pullback after falls like that - and we got one overnight that as carried on after 6 30 am this morning

I love this EA set up - with the actual turn starting around midnight - unfortunately not a time I would normally be trading so I have only joined in the action early this morning

Please check your 1 min LR charts on the EA this morning to ensure your set up is similar

If its not - then readjust your LR's - as we have mentioned - every brokers platform can be slightly different etc

 

[Forexmospherian]

GU - ABC / 123 pattern from 6 53am and over the EO

GU

8 03 am

Another faller on Friday - but no retrace overnight or this morning - instead a clue at 6 53 am with a 123 pattern before a 30+ further fall

Nice set up - not that nice a PA - but clear down bias under 5180 and a scalp lits formed from 5170 to 75 - with a scalp wrap then possible after 7 07 am

The bounce as started at LO from 7 59 am - and as I type the scalp buy from 43 as already made a 10 pip rise

Look to sell off again under 67 or 72 - when all lines up - but then remember time rules on the low at 5141 - as thats another clue for now - and unless that get breached in say 33 mins or 50 -60 mins - it might be low of morning

 

[Forexmospherian]

GU

8 03 am

Another faller on Friday - but no retrace overnight or this morning - instead a clue at 6 53 am with a 123 pattern before a 30+ further fall

Nice set up - not that nice a PA - but clear down bias under 5180 and a scalp lits formed from 5170 to 75 - with a scalp wrap then possible after 7 07 am

The bounce as started at LO from 7 59 am - and as I type the scalp buy from 43 as already made a 10 pip rise

Look to sell off again under 67 or 72 - when all lines up - but then remember time rules on the low at 5141 - as thats another clue for now - and unless that get breached in say 33 mins or 50 -60 mins - it might be low of morning

GU

8 22 AM

19 mins from comment and chart and 23 mins from when the scalp buy started - its now made 5165 - 24 pip rise and now stalling

Not scalp sold it at 63 - as thought too early - might be wrong - but happy on 20+ pips off scalp buy

 

[Forexmospherian]

Morning to all FX Intraday Traders

( comment approx 7 25 -30 am ish )

Overnight EU made down to 0599/ 600 and as since done a HL at 0608 and now need a HH over 0628/30

Two lots of main key red news on Euro at 8 00 am ( LO ) and then at 8 30am - with a Eurogroup meeting going on over the day

Also notice a sly one - ie a tentative announcement from the Fed some time today - but you would expect that this afternoon after 1 or 3 00 pm - the fact no exact time is given is always a concern - so always be alert on every exact hr change .
...............................................................

EU

8 43 am

Kept to HL and HH sequence - made over 28 and 30 and so far 0643

Pullbacks staying above 25 are buys again atm

 

[Forexmospherian]

EA

7 45 am

Last week after Wednesday the EA and GA made some large price falls - especially on Friday with over a 200 pip fall.

You expect a pullback after falls like that - and we got one overnight that as carried on after 6 30 am this morning

I love this EA set up - with the actual turn starting around midnight - unfortunately not a time I would normally be trading so I have only joined in the action early this morning

Please check your 1 min LR charts on the EA this morning to ensure your set up is similar

If its not - then readjust your LR's - as we have mentioned - every brokers platform can be slightly different etc

EA

8 45 AM

Now risen approx 40 pips since scalp buy around 6 32/ 33 am

We need above 4840 to stay with scalp buys - otherwise I will look to scalp sell a pullback in this next hr TW

 

[Forexmospherian]

GU

8 22 AM

19 mins from comment and chart and 23 mins from when the scalp buy started - its now made 5165 - 24 pip rise and now stalling

Not scalp sold it at 63 - as thought too early - might be wrong - but happy on 20+ pips off scalp buy

GU

8 51 am

Yes 63 was to early - it did make 67 then stopped


GU in a 25 pip range now - ie 5150 to say 5175


We need a wrap either side - - but a clear breach of levels for next direction

 

[Forexmospherian]

EU

9 08 am

So far morning high of 0643/4 as held over 30 mins with no breach

I had not sold it after 8 39 am - but did after 8 51 am and so far made 6 pips off the sell

0620/25 is support area - so I am hoping I can scalp buy again if we stay above there

Really would need under 0610 and 0600 to think about staying with sells more

 

[Forexmospherian]

UCad

9 21 am

Just done a comment on another UCad thread about it this morning

its been very bullish and as it been rising more this morning and just made 3401

Would sell it on pullbacks - with main R's here and from 3435 to 60 area

 

[Forexmospherian]

Back now nearer 11 00 am or over Lunchtime

See you later guys and Good Luck

 

[Forexmospherian]

]GU

8 03 am[/B]

Another faller on Friday - but no retrace overnight or this morning - instead a clue at 6 53 am with a 123 pattern before a 30+ further fall

Nice set up - not that nice a PA - but clear down bias under 5180 and a scalp lits formed from 5170 to 75 - with a scalp wrap then possible after 7 07 am

The bounce as started at LO from 7 59 am - and as I type the scalp buy from 43 as already made a 10 pip rise

Look to sell off again under 67 or 72 - when all lines up - but then remember time rules on the low at 5141 - as thats another clue for now - and unless that get breached in say 33 mins or 50 -60 mins - it might be low of morning

GU


10 45 AM

It never made over 67/68 - so the sell off was OK and it dropped again under 50 - another of my scalp sell prices mentioned

BUT

Still not gone under that 40/41 low

That is a crafty manipulated set up - without doubt - many might say it the all down to the bulls and bears - but that's all cr@p - Its down to banksters and bar stewards playing and controlling price - after all these fines they keep getting - it still carries on - quite openly

I cannot really sell the GU now until its under 5135 and 27.

it should drop - but it could all be a bear trap and false sentiment etc etc

GL

Back after Midday


F

 

[Forexmospherian]

Morning fxs

Agree with you on UCad although slightly different on levels

I have 3435 -60 all as resistance levels after approx the big round 3400 number and then on pull backs we need to stay above 3250 and 80 to stay with the immediate bull bias.

Good luck - I am not planning to scalp it - but would still look at some sells before 3430 - thats if we get that far today


Regards

F

UCad

9 21 am

Just done a comment on another UCad thread about it this morning

its been very bullish and as it been rising more this morning and just made 3401

Would sell it on pullbacks - with main R's here and from 3435 to 60 area

UCad

11 27 pm

Price now at 3430

Cannot just scalp sell atm - but its in a TW and 30 to 40 is first interim R for me

 

[Forexmospherian]

UCad - Update prior to Midday

UCad

9 21 am

Just done a comment on another UCad thread about it this morning

its been very bullish and as it been rising more this morning and just made 3401

Would sell it on pullbacks - with main R's here and from 3435 to 60 area

Ucad

11 46 pm

So far high at 3436 and a scalp sell after 11 32 am

 

[Forexmospherian]

UCad

11 27 pm

Price now at 3430

Cannot just scalp sell atm - but its in a TW and 30 to 40 is first interim R for me

It topped at 35/36 and after 11 32 am was the scalp sell

Now in approx 20 mins - a 32 pip drop

That was nice