A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

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 ??

GU

8 41 am

Well it took a few mins of teasing to get over 41 and now so far high at 4949

Pullbacks staying above 35 are buys again for now - but keep an eye on time on that high

Also Pound news at 9 30 am - so be aware if any pre news set ups etc

 

[Forexmospherian]

GU

8 41 am

Well it took a few mins of teasing to get over 41 and now so far high at 4949

Pullbacks staying above 35 are buys again for now - but keep an eye on time on that high

Also Pound news at 9 30 am - so be aware if any pre news set ups etc

GU

8 57am

Anyone following my method would see that the pullback from 49 ( scalp sell really after 8 39 / 40 am ) did not even pause around 35 - and carried on lower - so I hope no one tried buying around there - as it was still firmly a scalp sell and now a few mins later we are down at 4920 - equaling the early low of today

A great false set up to get the bulls in above 4940/5 - and then the stop hunt

Classic market makers / bankster moves before the news release

 

[Forexmospherian]

9 03 am

Can we trust the next moves on the GU and EU now ?

No way - both being played with atm and being manipulated - so be careful

Under 0568 / 7 should be more scalp sells - but cannot trust it just atm and with news this hr

 

[Forexmospherian]

EU

9 06 AM

For now under 0577 / 8 on pullbacks - the EU is still a sell

Not keen to add still and only have a partial 30% stake on the sell

 

[Forexmospherian]

Will check out GU / GA and GJ for 9 30 am news

After then out before 10 00 am maybe for 75 mins or so

 

[Forexmospherian]

9 24 am

EU

0560

Moved my 30% stop in profit down to 72 now

 

[Forexmospherian]

EA down 70 pips from 6 15 am sell and EJ approx 36 pips from the EO

 

[Forexmospherian]

With 4 mins to red Pound news - its bullish atm - for how long though ??

 

[Forexmospherian]

9 30 am

Pound - 2 way spikes and more bearish atm - but undecided - might have to wait 3 -4 mins

 

[Forexmospherian]

MM on his GA sell should have done well ??

 

[Forexmospherian]

If we stay under 4935 on the GU pullback - we should be able to sell again

 

[Forexmospherian]

EU

9 36 am

Out in 10 mins

Moving partial stake stop down now to 0566 - into more profit

GL guys see you later

 

[Forexmospherian]

EA - 11 00 am Update

7 14 am

Drop so far from approx 7 00 am - 24 pips

Now - updated after scalp sell at 6 58 am

EA

Approx 11 00 am

Updated chart

Supports being found for now at the 4405/ 10 area. We would need to see over 35 and 42 for staying with any scalp buys above 4410

 

[Forexmospherian]

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

Hi Sun


Looks like you got that spot on

Low so far 0552 at 10 05 am UK time - was not here to take advantage had my stop on a partial sell stake in profit at 66 - and was back in time to exit at 59/60

Well Done

Excellent forecasting on the EU


Regards


F

 

[Forexmospherian]

If we stay under 4935 on the GU pullback - we should be able to sell again

GU

11 15 am

We did not stay below 4935 after the news and went up again to 4947

Nice scalp sell just after 11 00 am

Chart shows reasons

 

[Forexmospherian]

11 33 am

Scalp sells around the 11 00 am TW ( an important one ) have been good

GA dropped over 40+ pips - GU so far only approx 20 pips - EA - approx 19 pips

 

[sun11]

Hi Sun


Looks like you got that spot on

Low so far 0552 at 10 05 am UK time - was not here to take advantage had my stop on a partial sell stake in profit at 66 - and was back in time to exit at 59/60

Well Done

Excellent forecasting on the EU


Regards

F

Hello Forexmospherian,

Sorry couldn't post here at that time..was out for lunch...

Thank you...yes I made 20 pips profit straight...

Regards

 

[Forexmospherian]

Interesting

11 39 / 40 am was a scalp buy on the GU - But - a scalp sell on the EU

EU now testing under 0550

Maybe a pre news announcement on interest rates - ie the drop before the big rise

We shall know in an hours time or so

 

[Forexmospherian]

Midday Update

EA now dropped approx 100 pips since Pre Opens sell

EJ down 55 + pips and EU - 45 pips all from the EO .

GU - both ways - stuck in a 50 pip range

AU - only up about 30 pips

UJ & UCad - not that interesting - and not too nice a PA for am session

 

[Forexmospherian]

Euro for Interest rate news at 12 45 pm

Many are expecting a slight cut to stimulate the Union business etc.

Other expect no change .

Normally for a currency to strengthen it needs to see interest rates rise and then more funds will want to invest.

In the FX "game" that is not always the case - especially with the most traded and manipulated pair - ie the EU.

Many are expecting a fall under 0500 down to 0460 or lower and even parity in next month or two.

Personally - I always expect the unexpected ie - back to 0800+ before 0300 etc - the financial markets are played as a game - with the main winners being the banksters who can "out trump" the rest.

Whether we drop under 0500 - or go back over 0650 - does not matter to us as intraday traders - its our job to be riding whatever way the big boys take it

For now we need back over 0570 and 80 for any chance of a turn back up again and if we drop under 0500 - natural barriers at 0470/80 - 50/60 and then 0420/35 areas

I will be more interested with the EA and EJ movements - as they offer larger opportunities etc

GL - what ever your plans


F