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.