A Master Class in FX Intraday Trading by F & Co

[keen246]

EU

5 30 pm

High on EU so far from scalp buy 30+ mins after EU Low - 0640

Scalpers could have bought at 3 09 pm - but any time after 3 39 pm at 0590 - 0593 area was fine

Worth an extra 40+ pips in the kitty

Any scalp sells for me would have been minor - ie in the 3 to 7 pip range - so just left partials off the buys

Will pop back in later to explain more

I question myself explaining my method - maybe I am not explaining it as well as I could ????


Regards

F

Hi F,

The method is properly explained for someone who has bothered to read your threads and practiced it a bit following your posts.

Here on this chart it's how I understand it after some months of following the method.

Cheers,
K

 

[Forexmospherian]

Hi F,

The method is properly explained for someone who has bothered to read your threads and practiced it a bit following your posts.

Here on this chart it's how I understand it after some months of following the method.

Cheers,
K

Hi Keen

Thank you for showing a great example of and ideal trade - the longer LR's and the LR structure are showing a bullish price action and price structure allowing a nice buy.

The real difficult part to fully understand and to copy well is the scalping part - it really can take 1000's of scalps to obtain the skill level you require - and even then its still dead easy to get 2 or 3 consecutive losses in bad period - but - also in nice sessions you can get the 15 - 20 -25 consecutive wins - and many might be well over 10 + pips.

Funny enough - you have posted on Sun's thread some great scalps in a range - and at that time - I commented on this thread - I ignored the scalp sells at either 12 09 or 1 09 pm UK time and missed and easy 30 pips in total of 2 pairs.

I failed to enter the scalp sells simply because it was in what i call one of my BTTZ tease areas - and therefore thought the scalps would be a false set up and stall after 3 or 5 pips - Was I wrong - YES ;-)

I am noticing with Sun - when she tries and does 25 -35+ scalps - her win ratios are lower - I would prefer she waits and cherry picks only say 10 or 15 scalps - but with better set up's at key levels just after an hr change say when there can be an higher probability - especially if we have seen a good move up or down in the previous hour - ie the bouncy ball effect on quick moves down.

I appreciate you want to succeed and not give up - trading my way is complex and not easy - but crack it - and its brilliant.

I think there as been some nice moves in the early US session today and with the help of interim lows and highs and the time rules - ( ie over 30+ mins with no breaches ) you had the chance to catch some nice moves - rather than quick 5 -7 pip scalps .

If I can help more in any way - please feel free to ask more questions etc

I reckon now Sun as only 2 more stages to learn - she will start to catch some larger moves and feel more confident. It might take 2 months - it might take 6 more months - let's see

All the best

Regards


F

 

[Forexmospherian]

EU - Wednesday 25th Nov - 15 hrs and 4 phases

EU

When you trade intraday you need to know the bias of your part of the session you are trading.

I have said many times as a scalper - you can buy and sell in any trend or bias period - but obviously the high probability will be with the bias in that 30 or 60 min period of the session you are trading.

My daily sessions are normally from around 5 51 am / 6 00 am to 5 00 pm

11 hrs -but mostly I only trade for 3 to 5 hrs of the daily session - some days under 2 hrs - other days 6 hours plus - either because I am on a roll - (after 300+ pips) or I am having a mare of the day and not hit my daily target.

Students of my method need to understand how many times price structure bias can change - for example today on the EU over a 15 hr main key session of the 24 hr day - main bias changed 3 times along with one period for over 4 hrs - when it was in a Bermuda Triangle Tease Zone - ie BTTZ - and really going nowhere - just wanting to set you up in the wrong trades.

During the 15 hrs on the EU - 60 to 80 scalps would have been possible - but maybe only 7 to 10 would have been really good - 15 -20 might have been over 7 or 10 pips and then the rest would have been for break even or losses.- ie 2 to 3 pips either way.

So - how do we find out the bias for the particular time we are trading ?

Its not totally easy - it depends on PA and HH's or LL's and also time along with interim levels .The LR's can assist - when you know what you are looking for

I am showing my 1 min LR chart with the 4 main periods of the 15 hr trading day

For me the best period was the 2 -3hrs after 8 00 am

The worst period was after 11 00 am to 3 21 pm - a BTTZ area - a "pi88 taking period " really - ideally you ignore it and wait for proper breaches.

Pre 8 00 am was good and after 4 00 pm

Check out your own EU intraday trades and see if you did worse in the BTTZ area and best earlier on

 

[Forexmospherian]

Thursday 26th November 2015 - Pre Opens

Good Morning all FX Intraday Traders

Noticed the US have a Bank Holiday today - and also no red news announcements.

Shame therefore - maybe not going to be the busiest market of the week - but there again never rule anything out in this game - when you least expect something - it can happen etc

6 22 am atm - and so far not taken one scalp in last 30 mins

Maybe we are going to get a slow bo.......ring day..........

Hope not

All comments etc welcome and I wish you all a good day

Regards

F

 

[Forexmospherian]

6 29 am

EA

Hooray

First 5 pips on 70% stake off a scalp buy at 4679

 

[Forexmospherian]

6 38 am

Noticing the GA was a better scalp buy at 6 25 am - pip spread only 0 3 pip more but it moved up approx 16 pips against EA 11/12 pips

Both pairs in a Bull scalp bias atm - but both got interim R's over next 5 to 20 pips that they might struggle with

 

[Forexmospherian]

6 41am

EU

Flat in a 10 -12 pip range and ugly PA atm

Its a case of over 0630 or under 0610 really to then have a look

 

[Forexmospherian]

6 54am

Just before the Open - so far 4 pips at 100% stake size off GU scalp sell - 5 pips at 70% stake size on EA scalp buy and 14 pips on 30% stake off EA

In normal language / figures - thats about 12 pips in total in first hour of trading

 

[Forexmospherian]

6 58 am

2 scalps - 100% win ratio so far

Should I stop for day now ............. lol........................ NO

Out after 8 15 am this morning - so lets see how next hr pan's out

 

[sun11]

Good Morning F,

There was a nice move on JPY pairs. UJ was bouncing from Intraday low. I enter late. But thinking how far it will go.

Seems like a trendline break out.

Regards

 

[Forexmospherian]

7 07 am

Not quite 5 pips net off a EJ scalp buy at 7 00/01 am

Approx 17 pips now

3 scalps - 100% win ratio

Time for a cup of tea

 

[NVP]

morning all

waiting to resell usd

http://www.trade2win.com/boards/for...-basic-ideas-strategies-1713.html#post2661692

 

[Forexmospherian]

Good Morning F,

There was a nice move on JPY pairs. UJ was bouncing from Intraday low. I enter late. But thinking how far it will go.

Seems like a trendline break out.

Regards

View attachment 207194

Morning Sun

Not really had a look at UJ this morning but will do

Slow so far and US off this afternoon as well

Will explain more later on the 3 types of S & R - ie static horizontal - dynamic off a TL and then when both are at a similar level or within a few pips of each other - thats the strongest level or barrier.

Take it easy - try and wait and cherry pick your scalps - even if you only end up with only 10 or 12 trades rather than 25 or 30+ trades for now

The GU as been nice PA on the fall last 20 mins - hope you might have that one ?


All the best


F

 

[Forexmospherian]

morning all

waiting to resell usd

http://www.trade2win.com/boards/for...-basic-ideas-strategies-1713.html#post2661692

Morning N

Might be a slow one today - no red news announcements and US off this afternoon on a Bank Holiday

GL and have a good day


Regards


F

 

[NVP]

took gu buys at 5112

 

[NVP]

took gu buys at 5112

looking for the usd to finally sell a little ............GBP is bear but I saw a bounce

 

[NVP]

5116............cad has come up as well ..........not a bad choice so far

 

[NVP]

tight tight tight..........usd stalling already .........jees she may be coming more north

 

[Forexmospherian]

took gu buys at 5112

See if we can sell it again then in the 20 -23 area ?

 

[NVP]

usd is the lead buy London so far ........I really really think enough is enough here

other London bull is NZD
Sellers are CAD , YEN , AUD

AUD had the mare in Asian