A Master Class in FX Intraday Trading by F & Co

[NVP]

ok heres what I am constantly asking myself ............

If USD goes bull who do I sell
if usd goes bear who do I buy ?

that's it ...........I can call the usd direction 90%+ ..almost 100% if I allow more breathing space for S/R and PA conformation signals

that's 50% of my trade already safe ..........so its all about currency 2

later
N

see ?..............usd was a safe buy call :smart:.........:whistling

cheers guys .have a good day

N

 

[Forexmospherian]

EU - 9 00 am UK time Update

EU

6 55 am

Pre Opens

High yesterday - 0980

That held over the time rules and this morning we rose to approx 0946 - and then stayed under the last LH and at 6 09 am set up a great early morning scalp sell

On chart have marked 2 possible interim support areas - where price might bounce

Above 0890/ 0900 we are still in the LiTs area - neither bull or bear bias

EU

9 02 am

Once we made under 0900 and 0890 we then went into a bear bias Price structure

Updated chart now with pullback started from 0860 - but really that needs over 0890 again to have any chance of turning session bias again

 

[Forexmospherian]

I reached my daily target...but I have no credit in here...all credits goes to market...It would be nice...if market reacts everyday like this...one directional..

Hi Sun

I do know what you mean - BUT

Remember - you needed the discipline to be around when the early moves started and also you had to have faith with your decision making and both of those reasons are too your credit.

I agree it would be great if markets were this easy every morning

Unfortunately maybe 90 % of the time they are not and that's why you need all the skills you are acquiring to cope and make money when its tough

Also remember - any skill gets easier the better you become with it

It might appear easier - but that's because you have more skill - and so dont think its just luck or you deserve no credit - you do - you are proving you can be a winner in life and at this game - its against the odds - that make's it more special

Well Done


Regards


F

 

[Forexmospherian]

Catching Interim Highs and Lows on a daily basis

EU

Approx 1 hr later at 8 35 pm

Latest high 0980 at 8 04 pm

Can we make over 50 and 60 mins now with no new high ??

Need then under 0940 - just to get price back in a range for overnight

EU

This comment was posted nearly 13 hrs ago and within 30 mins of the high of yesterday

Many non believers and doubters etc - think well thats just luck - you cannot be that accurate etc etc.

Well - they are totally wrong -


Its possible to catch interim highs and low levels every day of the trading weeks on all FX pairs - it just takes great skill and acquired knowledge that you will not find in just books or courses etc etc - and are so lucky to have me explain how you do it - totally free of charge - just to annoy even more of the Industry.


You are never going to be 100% accurate or correct - just 70 -80% is enough with a brilliant method.

If you had asked me at say 9 am yesterday morning where the day's high would be - I would have more than likely said - well under 0700 or under 0800.

If you had asked me at 2 00 pm - I might have said 0800 or 0850 ?

If you had asked after 6 pm yesterday - I would have guessed over 0900 - but would not know if it would make 1000.

My first call was the 0941 high - but that was breached after an hour or so. and i was able to take advantage of more scalp buys

The second call at 0981/3 area - was correct for yesterday and so far today

I made both scalp sells and partial sells stakes from under 0970 and added this morning.

When will I be able to call the interim EU low of the day - or the high ??

Well I cannot predict accurately 2 hrs or 4 hrs or more ahead - but I can predict when we reach the areas that give us more clues on the next bias and levels.

Its a special skill - it can be learnt - but again - its not just simple or easy - if it was all the doubters and losers would know how to do already.

Here's the EU Chart from the high of yesterday

 

[Forexmospherian]

EU

9 36 am

0890 to 97 is all R area for the EU atm

Supports are 0860 to 70 - so basically now a new range of say 40 pips

Over 0900 + then carry on scalp buying

Under 0870 and 60 - carry on selling

In between - either scalp - wait - or chose other pairs in different set ups

 

[Forexmospherian]

GU

9 39 am

Interesting set up this morning

40 + pip fall down before the London Open at 8 00 am

Then after London came on board - 50 pip rise - although still a LH atm from yesterday's high

We need over 5145 and 50 to carry on scalp buying - otherwise maybe another pullback in the 10 00 am time window

 

[Forexmospherian]

GA

9 48am

Have not traded it this morning - still prefer EA / EJ / EU / GU combo for now - but worth noting this beast from after 7 00 am - dropped 100 pips - and then after 8 09 am or so - went back up over 100 pips

ie 200 pips of movement in under 3 hrs -on NFP Friday - even before the news release.

God know's why traders dont like Friday 's ????

 

[Forexmospherian]

10 03 am

Looks all boring atm

Will pop back later

There are scalps OK - just taken one in last 2 mins - but for now thats all they might be

Maybe we might have to wait for the NFP and all the other news after 1 30 pm UK time

Sometimes 11am hour and Midday can be OK - but for now the session times you needed today for the action was all between 6 am and 9 - 9 30 am

 

[Forexmospherian]

11 30 pm Update

EU

Low at 10 52 am at 0855

Scalp buy then and now gone well over 30+ mins with no breach

Is that the low of the day ??

I doubt it when we have NFP announcements

Market makers would be silly not to 2 way spike at 1 30 pm time

If they can manipulate it like yesterday - get it down to say 650 before going up over 1000+

If not maybe back up to 1000+ first and then a 250 pip drop

Should take out all the daily swingers I am sure - and then its just upsetting the position and long term bunch and of course not forgetting - the pains of their life - Intraday short term traders ;-)

 

[Forexmospherian]

EU

11 37 am

We are now in another 50 pip range again

We need over 0900 to start staying or adding new scalp buys

We need under 0850 and 40 to add new scalp sells

In between - scalp area - possible 7 -25 pip moves - ie 11 00 am and 11 21 am scalp buys both worth over 15 pips

 

[Forexmospherian]

10 03 am

Looks all boring atm

Will pop back later

There are scalps OK - just taken one in last 2 mins - but for now thats all they might be

Maybe we might have to wait for the NFP and all the other news after 1 30 pm UK time

Sometimes 11am hour and Midday can be OK - but for now the session times you needed today for the action was all between 6 am and 9 - 9 30 am

EU

Got that wrong before I went out

I scalp sold the EU and thought maybe 7 - 15 pips and leave a partial stake on

It dropped in total over 35 pips and I only made 13 pips in total - my partial stake being stopped out - but in profit

That was a nice fall - over 30+ pips from after 10 00 am on EU - never expected it to drop like that - but as we know we can never predict or forecast and be 100% correct - that's trading - just make sure you make some profit out of any move you leave on by a trailing stop or stop in profit etc etc

 

[Forexmospherian]

EU

11 37 am

We are now in another 50 pip range again

We need over 0900 to start staying or adding new scalp buys

We need under 0850 and 40 to add new scalp sells

In between - scalp area - possible 7 -25 pip moves - ie 11 00 am and 11 21 am scalp buys both worth over 15 pips

EU

12 03 PM


Teasing now around 0890 - we managed 93/4 before

From 10 am we had a 35 + pip drop - and then a 30+ pip rise again so really on EU over 65 pips in 2 hrs of movement

Getting any thing over 30+ pips off that either on one scalp or even 4 scalps would be classified as good

 

[Forexmospherian]

EU

12 07 pm

If we do make over 0900 then 0912 to 20 is all dynamic and static R

Above 0945 and 50 is bull bias Price strucure is we do try there - but with main NFP news only 90 mins away - you tend to think we should just go back into a range etc

I dont think I will be around for exactly 1 30 pm - but will be back after 2 00 pm for a few hrs up to London Close etc

 

[Forexmospherian]

Key Time Scalps - 12 21 pm - EU

Hopefully you know there are 2 time windows and 6 Key Times I look for scalp trades

Here's one on the EU at 12 21pm - the cross happened at 12 21/ 2 pm - but the interim lower high was at at 12 21 pm - making it stronger clue

With trades like this - you can work with EU on a 3 or 4 pip stops ( need not be hard - use one click in and out and place stop 15 or 20 pips away if you feel safer )

That means then a 7 or 10 pip scalp result is a RR of 2 or even more

 

[Forexmospherian]

EU

12 49 pm

27 mins later - it dropped 19 pips making me 18 pips of profit

On a stop of 3 pips with just 0 3 % stake size then thats a RR of not quite 6 - lets say 5 - making me 1.5% return on a trade under 30 mins

Low risk - high reward - nice ;-)



Off for lunch

Will be back after the fun at 1 30 pm


See you later guys

 

[Forexmospherian]

2 15 pm

Back for an hour or so

NFP - basically not a big mover today

EU - if we stay above 0890 and 900 on pullbacks its should still rise again

 

[Forexmospherian]

2 17 pm

EU as interim R's at 0945 / 50 then 0975 to 85 before the big round number at 1000

Supports are 0890 and 900 and dynamic supports at around 0910

So far spikes and moves up on EU have not made over 0945

 

[Forexmospherian]

I think we need to see above 0945 and 50 within the next 20 mins - if that does not happen then more than likely impetus being lost and we test supports again

Ideal buy area again is 0910 to 0915 - atm just waiting and although I still have one partial sell left on under 0970 - but would exit if we go over 0955

 

[Forexmospherian]

EA

2 26 pm

Late all together on this scalps sell

Ideally it started at 2 09 pm at 4918 / 20 area

I got in at 2 20 pm at 4906 and so far in 7 mins it fell to 4882 and bounced

No under 80 and I exit

 

[Forexmospherian]

EA

2 26 pm

Late all together on this scalps sell

Ideally it started at 2 09 pm at 4918 / 20 area

I got in at 2 20 pm at 4906 and so far in 7 mins it fell to 4882 and bounced

No under 80 and I exit

Exited 91 - HL at 88 and turned scalp buy but needs back over 4902 to stay with