A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

Fully agreed...got stopped out on that one.:|

Dont worry though - I can see some of your weaknesses now - and this applies to many new followers of my method

Ideally - all traders need to forget classic technical analysis of the past - pre super computer and the internet

Nowadays - the markets are all trickery and false sentiment trying to catch intraday traders out with false moves etc

80 % of traders want to sell the EU and the market makers know that

So what will they do - set up false traps - classic bankster / trick stuff

You have to have faith in the 1 min price structure and the quick LRs supported by the longer structures created on turns

It really does take time to understand the set ups - but i know Sun - you can get there - and I am sure you will

Remember - we can never be 100% correct - so never worry on mistakes - just make sure you think out the tricks being played and try and look for LR's to support your thoughts etc

GL

 

[Forexmospherian]

9 42 am

OK - I am out for a few hrs next

Got EU still bullish above 0612 and 16 - got the EA more bearish under 4515 - got GU bearish under 5060

GL guys - see you later

 

[Forexmospherian]

Midday Update

9 42 am

OK - I am out for a few hrs next

Got EU still bullish above 0612 and 16 - got the EA more bearish under 4515 - got GU bearish under 5060

GL guys - see you later

Comment above from over 2 hrs ago

Now

EU

Got stopped out partial stakes above 0617

Had set up a sell under 0604 and price dropped to 0588 - and I was able to just make 9 pips off that scalp - as exited it when we could not get under 0580 and 70

EA

No problem kept partial stakes on sells with stop at 4511

Its dropped so far another 70 pips and moved partial stop down into more profit at 4464

GU

Left partial stakes on sells with stop at 5062

It never retraced above 5057/8 and now down at 5030 area - so exited at Midday to take profit

GU was a scalp buy at Midday as well

 

[Forexmospherian]

EU - Update for news hour

EU

9 18 AM


3 Main moves for me so far - thats if 0612 holds

EU

Updated chart at 1 00 pm on EU

We did not make a new high above 0635/ 40 and fell to supports at 0580/85

More supports now at 0589 - 95 area

News in approx 10 mins

 

[Forexmospherian]

1 20 pm

News was a 2 way spike - which meant any partial stakes I had with stops in profit were taken out - ie EA and EU

Having trouble posting - T2W under attack again ??

 

[Forexmospherian]

GU - Update for US session

GU

2 18 pm


I started selling it under 5060 and came out last partials prior to 1 15 pm news at around 5030

Since then we have carried on down under 5020 and 5000 to 4993 area

2 00 pm was a scalp buy but really we need back over 5017 and 22 to stay with buys and low holding over 30 mins next

 

[Forexmospherian]

2 30 pm

We have some Cad Dollar news at 3 00 pm UK time

Cad is weak atm as UCad been rising again this morning over 3400

Might not be around for news but above 3385 area its still in a bullish PS for US session

Would need price to drop under 3370 and 3350 to look at holding sells on longer for a larger pullback down to lower supports

GL

 

[Forexmospherian]

2 30 pm

We have some Cad Dollar news at 3 00 pm UK time

Cad is weak atm as UCad been rising again this morning over 3400

Might not be around for news but above 3385 area its still in a bullish PS for US session

Would need price to drop under 3370 and 3350 to look at holding sells on longer for a larger pullback down to lower supports

GL

UCad

3 45 pm

Comment above 30 mins before news

I hope you got your sells on under 3370 and 3350 - because the low was 3311 and the bounce stayed under 70 then - so another 15 + pips possible on more sells

Shame - i was not here and had not set a pending sell on under 3370 - cannot win them all ;-(

 

[Forexmospherian]

GU

2 18 pm


I started selling it under 5060 and came out last partials prior to 1 15 pm news at around 5030

Since then we have carried on down under 5020 and 5000 to 4993 area

2 00 pm was a scalp buy but really we need back over 5017 and 22 to stay with buys and low holding over 30 mins next

GU

3 52 pm

We never made back over 5017 / 22 and basically after 2 30 pm and 2 39 pm - it was back to sells and under 5000 again

So far we have dropped to 4947 and bounces under 75 are still in bear down bias

 

[Forexmospherian]

3 51/ 52 pm on EA was a cracking scalp buy

In 4 mins up 19 pips

 

[Forexmospherian]

3 51/ 52 pm on EA was a cracking scalp buy

In 4 mins up 19 pips

25 pips now

 

[Forexmospherian]

4 02 pm

34 pips now on EA

 

[Forexmospherian]

4 02 pm

34 pips now on EA

4459/ 60 - stalling now

exit 70% stakes on buy

 

[Forexmospherian]

EA

4 07 PM

If I scalp sell EA under 59 - then its at 100% stake size - but would keep 30% stake buy on whilst we stay above 4430

If we test over 4460 - I just exit sell

 

[Forexmospherian]

Depending on time of session and how many positive pips in the kitty

100% stake size ie either 3 lot or 5 lots per pip

30% stake size is either 1 or 2 lots per pip

Rarely nowadays do I scalp over 10 lot size - sod's law I would have more than 3 consecutive losses and in my mind I still remember many years ago having 7 consecutive losses on over 22+ lot size - that hurt - especially when you have your own money on the line

 

[Forexmospherian]

EA

4 07 PM

If I scalp sell EA under 59 - then its at 100% stake size - but would keep 30% stake buy on whilst we stay above 4430

If we test over 4460 - I just exit sell

EA will not drop under 4448 for now

i am popping out again in 10 mins - so will exit sell at 53 and keep 30% stake buy on above 4430

See you later guys

 

[Forexmospherian]

3 51/ 52 pm on EA was a cracking scalp buy

In 4 mins up 19 pips

EA

The move up from 3 51 pm on EA as now made 4476 in last few mins

Exited my 30% scalp buy part with 57 pips - got approx 35 pips on 70% stake

Nice scalp

Would need over 4485 and 90 to get me interested in buying again - plus the fact finished for day now

Will pop in later tonight - as in and around

 

[Forexmospherian]

GU

3 52 pm

We never made back over 5017 / 22 and basically after 2 30 pm and 2 39 pm - it was back to sells and under 5000 again

So far we have dropped to 4947 and bounces under 75 are still in bear down bias

GU

5 39 pm

Noticed it dropped to 4900 just prior to 5 30 pm

180 pip drop on GU today - sorry to have to say - did not get half of those pips off this pair and the majority I did get where on partial stakes

Still - another good day - and daily target well and truly decimated thanks to the EA - EU - GU - EJ - UJ

 

[Forexmospherian]

EA - 3 51pm scalp buy - my trade of the day

25 pips now

EA

5 50 pm

I am out of it now - but still tempted to buy again atm


Updated chart from when it began

 

[NVP]

hope you guys have been having fun ?

GBP the DOG ..........USD , CAD , Swissie all nice buys today so far

usd real steady today since later London .......jees real easy street this afternoon once my buy signals were breached and held

N

http://www.trade2win.com/boards/for...-basic-ideas-strategies-1715.html#post2664472