A Master Class in FX Intraday Trading by F & Co

[NVP]

usd bear slowing now .........may rebuy itsoon ..........looking at Euro and or cad to sell

yen is the sell today so far ..........

 

[Forexmospherian]

high 37....that's not enough...........hmmmmmm

Although its a scalp sell from 37 - ideally i want to buy it again above 29 /30

 

[NVP]

The market as just 3 plans for the European Open on FX

1 - Start as scalp move 2 or 3 mins before the Hr change

2. Start it with a spike exactly on the hr change

3. Wait 3 or 4 mins after the hr - let it look slow - then start it

That sums up the EO game plan for every morning ;-)

good plans ..................the market for me is about

1) assess the G8 position at 6am for asian moves (direction/strength of G8)
2) try to follow the same bias in London if possible

so far ive broken both rules on USD .......but still made money ...

 

[NVP]

the GU buy has been slow and VERY VERY frustrating

look.............are they having a bloody bear race ?

NN

 

[NVP]

sell EU

 

[Forexmospherian]

EU

7 17 am

6 58/9 am saw the start of a scalp buy - I went with the GU and ignored the EU - but 18 mins later it as risen 10 pips and now testing 0590 area

Need over 0596 and 0600 for a HH etc and any attempt on a turn up etc - would only hold sells under 75 and 0568

 

[NVP]

right USD is right on Support line for London opems

cmon buddy .bounce

 

[Forexmospherian]

good plans ..................the market for me is about

1) assess the G8 position at 6am for asian moves (direction/strength of G8)
2) try to follow the same bias in London if possible

so far ive broken both rules on USD .......but still made money ...

As long as you make money - then thats no problem breaking some of your rules - the FX markets are constantly breaking their rules trying to catch traders out etc

The GU is being set up for another buy - and last interim low gone over 30+ mins

Trouble is need above 45 + on it to then stay with more GU buys

 

[NVP]

cad , Yen , Euro chf all candidates to sell.......i'm on EU so far only

 

[NVP]

As long as you make money - then thats no problem breaking some of your rules - the FX markets are constantly breaking their rules trying to catch traders out etc

The GU is being set up for another buy - and last interim low gone over 30+ mins

Trouble is need above 45 + on it to then stay with more GU buys

agreed ........I dont give away much thee days .....heres EU ...........again I didn't get both currencies doing what I wanted but no losses here so far

all I need is one currency to do the business (as usd did bouncing north)

N

 

[NVP]

my main issue is generally if I can nail the BIG pair that move ..............I havnt bought UCHF ..................so always frustrating for me watching more pips vs my choices

used to it now

N

 

[Forexmospherian]

cad , Yen , Euro chf all candidates to sell.......i'm on EU so far only

The EU pull back down after 7 09 / 10 am would suit your scalping style N - ie over 5 pips move in 5 + mins

I still want to scalp buy the GU again - but having to wait and of course - this might then just be a false set up

 

[NVP]

ok gang trying to squeeze a few more pips out of the day before switching to work mode

as F says .............a little tricky this morning

cheers
N

 

[NVP]

The EU pull back down after 7 09 / 10 am would suit your scalping style N - ie over 5 pips move in 5 + mins

I still want to scalp buy the GU again - but having to wait and of course - this might then just be a false set up

the G and U are tight correlation wise at moment ..............when they break is the moment to trade ...hopefully to the bull side of GU :smart:

N

 

[NVP]

Now !!!

 

[NVP]

whoa thanks for that F .............7.31 bar

 

[NVP]

ok gotta scoot......................usd is ranging across 6 pips from opening London

when it breaches these areas you will then get more steer for the mornings trading .....

 

[Forexmospherian]

GU - First Open hr

Although its a scalp sell from 37 - ideally i want to buy it again above 29 /30

As long as you make money - then thats no problem breaking some of your rules - the FX markets are constantly breaking their rules trying to catch traders out etc

The GU is being set up for another buy - and last interim low gone over 30+ mins

Trouble is need above 45 + on it to then stay with more GU buys

GU

7 38 am

This is my set up N

32 was another buy and so far 40/41 high

 

[Forexmospherian]

Morning to all FX Intraday Traders and its the last day of the month.

It's a Monday and no red news during the day - but we did get some on the Yen overnight.

Guess it could be a slow boring Monday - but again I hope I am wrong.

So far one scalp sell after 6 am at 6 07/8 am on EA - had missed on on the EU slightly earlier and could see all euro crosses been bearish over last hr or so for now

I am not supplying the LiTs Areas for session bias atm - as I want any students of the method to work them out via their own charts etc.

Around for the London Open this morning and then out a bit later.

Have a good Monday and I also hope December is a great trading month for you

All the best


F

EA

7 47am

Always had it as a sell under 4725

Trouble was I only made 6 pips on my first scalp sell

But then 7 39 am at 17 showed the set up for the drop

3 -4 min later - 25 pip drop and I have 21 pips of them

 

[sun11]

Morning F & others

Trading UJ as its near to the intraday High.

Hope it falls down.