A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

rebought at 80, will close if we do not see 85/87

30 min rule on last high at 130 97/8 at 7 00 am went over 30 + mins with no breach

that favoured more sells under 86

 

[MajorMagnuM]

yes 85 was my cutoff. it tried 84 three times but failed as yet to break. also 30 on hi and lo now so a 20pip range and low liq. time to eat

 

[Forexmospherian]

yes 85 was my cutoff. it tried 84 three times but failed as yet to break. also 30 on hi and lo now so a 20pip range and low liq. time to eat

Agree

I would normally never trade at this time of the day - and in possible BTTZ areas

Also - EJ was odd one out with EA and EU still rising well after 7 and 7 30 pm UK time

Noticed at exactly 8 00 am EJ was a scalp buy at 75 - but immediately we know unless we get over 85/6 then it will stall

In last case its made 82 and stalled - so a net 4 or 5 pips possible on scalp but again not advisable out of peak session times etc

EA so far over 4 hrs later from initial scalp buy as risen to 4550 - over 125+ pips from its scalp buy low area - amazing from 5 pip stop - but every day they are there if you are lucky enough to be around when the clues are dished out

Hope to see you about over next 2 days MM - Hope to be around at least 4 hr+ each day

Regards

F

 

[MajorMagnuM]

yes i got that scalp buy, am using same levels to confirm. just playing waiting, for weekly dose of dumbville with Sir Alan Sugar

 

[MajorMagnuM]

taken 80% of add on

 

[Forexmospherian]

Thursday 3rd December 2015 - Pre Opens

Good Morning to all FX Intraday Traders.

So far a busy first week of the month and again today more red news releases again on the UK Pound - Euro and the US Dollar.

The EU is back under 0600 again this morning and presently in a bear bias price structure - but so far its been reluctant to test the 0490 - 0500 price area and stayed above supports around 0550 and then from 0570 + so far this month.

The GU fell under 5000 down to 4900 yesterday and so far after 6 00 am as been a scalp buy above 4920/22. More red news on the Pound at 9 30 am.

Plan to be around for a few hrs this morning - then over Lunhtime and then a couple of hrs in the early part of the US session.

Normal stuff - charts - bias thoughts - scalps - etc etc

All FX contributions welcome - please feel free to join in - and if you are not on the contact/ friends list to be able to comment - just let me know via another thread and tell me a bit about yourself and then I can add you. Unfortunately my method is not for newbies or maybe FX traders without at least 18 months to 2 years of experience - its complex - not simple or easy - but it can be so powerful and accurate when carried out correctly - and very profitable with low risk / draw downs etc etc

Have a good day


Regards

F

 

[Forexmospherian]

EA - Flavour of the month for me so far - Early Scalps

EA

Pre Opens at 7 00 am


Normally I start sometime after 6 00 am - so was not around for the 5 30 am sell in an approx 25 pip range

However - got a nice sell outside my KT's and TW at 6 15 am at 4482 area for my first 9 pips

I am up 4 pips on the buy after 6 40/41 am from 4471/ 2

Here's my chart - and I am using my quick LR's for scalping guidance along with levels and of course time

 

[Forexmospherian]

Good Morning to all FX Intraday Traders.

So far a busy first week of the month and again today more red news releases again on the UK Pound - Euro and the US Dollar.

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

The GU fell under 5000 down to 4900 yesterday and so far after 6 00 am as been a scalp buy above 4920/22. More red news on the Pound at 9 30 am.

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

Have a good day


Regards

F

GU

7 00 am

Comment above - first one of morning

GU now moved up 13 pips - a nice scalp buy in this last hr - slow - but thats what you expect for a start and that's a reason you need to learn to scalp with tight stops to get some pips in the kitty along with the odd trades with RR' over 2.

I exit 70% before the hr change - as I expect a pullback - but above 25/27 its still bullish again

 

[Forexmospherian]

7 04 am

EA scalp sell started 6 57/8 am and so far its dropped back 15 pips into the support area - shown on my earlier chart

 

[Forexmospherian]

7 04 am

EA scalp sell started 6 57/8 am and so far its dropped back 15 pips into the support area - shown on my earlier chart

7 14 am

Drop so far from approx 7 00 am - 24 pips

Now - updated after scalp sell at 6 58 am

 

[Forexmospherian]

GU

7 33 am

Its peaked so far on it buy at 4940 and the 7 10 am bar / candle - along with the time and LR's said - SELL

Since then 20+ min later its dropped 12 /13 pips and now at a crucial interim support area

We need under 4920 to stay with sells - and personally I had wanted to scalp buy again over 25

Really all depends on strength of interim supports from 4920 to 25

Dont forget Pound red news at 9 30 am as well - so expect a lot of movements on this pair etc over the morning

 

[MajorMagnuM]

Cant join you today as out on a trip. Got this entry last night

 

[Forexmospherian]

Cant join you today as out on a trip. Got this entry last night

Morning MM

Been some nice action again last 2 hrs - but also over night

EJ as been a sell this morning after 7 00 am and after 7 39 am again - based on time rules on interim high as well

7 51 am was a nice scalp buy bounce if you are having scalping practice

Have good day - but sure you will


Regards


F

 

[Forexmospherian]

GU

7 33 am

Its peaked so far on it buy at 4940 and the 7 10 am bar / candle - along with the time and LR's said - SELL

Since then 20+ min later its dropped 12 /13 pips and now at a crucial interim support area

We need under 4920 to stay with sells - and personally I had wanted to scalp buy again over 25

Really all depends on strength of interim supports from 4920 to 25

Dont forget Pound red news at 9 30 am as well - so expect a lot of movements on this pair etc over the morning

GU

8 02 am

23 was the last low and 25 was a scalp buy with a move up to 35/36 over last 10 mins or so

We need over 4945 and 50 to stay with buys though - so if no joy - maybe another pullback and sell again

 

[Forexmospherian]

8 07 am

Looks as though LO at 8 00 am on the dot was start of weak Euro - as EU / EA / EJ all became scalp sells again - EA now dropped 40 pips from 6 15 am and 34 pips from EO at 7 00 am

 

[Forexmospherian]

10 mins of down bars/ candles on EU from 7 59 / 8 00 am

Drop was only 15 pips - but saying that on EU at this time in morning its not bad

Clear clean PA as well - with no interference or gameplay - unusual to say the least

 

[MajorMagnuM]

morning mm

been some nice action again last 2 hrs - but also over night

Ej as been a sell this morning after 7 00 am and after 7 39 am again - based on time rules on interim high as well

7 51 am was a nice scalp buy bounce if you are having scalping practice

have good day - but sure you will


regards


f

yes my blu line turned back the rally perfectly

 

[Forexmospherian]

GU

8 02 am

23 was the last low and 25 was a scalp buy with a move up to 35/36 over last 10 mins or so

We need over 4945 and 50 to stay with buys though - so if no joy - maybe another pullback and sell again

GU

8 30 am

It been a case that above 23/25 its scalp buys - but need over 45 and 50 to stay with them

I got 41 so far as high - will we try now ??

 

[sun11]

Have you looked at EU...is 552 target is reasonable? Its the last day low.

 

[Forexmospherian]

Have you looked at EU...is 552 target is reasonable? Its the last day low.

Under 86/87 is still a sell again on pullbacks

0552 is possible and even lower - BUT - all depends on this next 25 mins if 0568/70 is breached

If we dont go under 68 - then we could test over 90 and even 0600 again

GL