A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

2 16 pm

Out of all EA buys now after last LH at 4869

Might try and buy lower

Back in an hour or so

 

[NVP]

ok getting better for me to tidy up and close out

cheers all ..............calling them live and load here on F's thread

N

well well.........from little acorns 😉

CAD became major sell into usd session..........hope you all making money on the rising USD ......its the lead buy for todays G8............unusual to say the least .....Yen in hot persuit as bull buy 2 ...........

man I love it when those guys go tag team on the G8 ...........easy money ..👍

N

 

[Forexmospherian]

EA - Where did you buy again ???

2 16 pm

Out of all EA buys now after last LH at 4869

Might try and buy lower

Back in an hour or so

EA

3 30 pm Update


Question - where did you buy again on the EA ?

Was it 4841 / 43 area ?? - If so - excellent - nice TW and LRs crossover

Was it 4850 ish - Not bad - in a 30 min bull time session - so OK

Was it 4860 ish ?? = Not so good - you must be an ex 5 or 15 miin trader - ie always late to the party ;-)

Still even in you bought 17 -20 pips late - you will still have had the chance to make 40+ pips - not to be laughed at one bit - WD 👍

So many reason to buy after the 30 pip pullback to approx 2 33pm time

Here's my chart for a Monday - the EA as been a big earner - If I can make over 100 pips + out of it on scalps and part stakes - any follower should make 30 -50 pips easy enough

Please question me if you don't see it on your charts as well as all the clues


Here's my chart - with TW's and reasons etc

 

[Forexmospherian]

well well.........from little acorns 😉

CAD became major sell into usd session..........hope you all making money on the rising USD ......its the lead buy for todays G8............unusual to say the least .....Yen in hot persuit as bull buy 2 ...........

man I love it when those guys go tag team on the G8 ...........easy money ..👍

N

Hi N

Dead right this morning - WD

After 8 am and London open the US dollar strength tap was turned on

As you say - results then easy - EU / GU /AU / NU etc down - UCad / UJ / UChf - etc - prices just carried on rising

This afternoon - change again in EU - lovely 40+ pip rise on EU after 2 30 pm

I focused on EA as my major pair - and its been a treat

Hope you too have had a good day N#


Regards


F

 

[Forexmospherian]

EA

10 50 am

Would like to scalp sell it again off this bounce if it stays under 4810

The bounce was a scalp buy at 10 45 am at 4793/4 - but had not taken it atm

We would need over 4810 and 14 to stay with any scalp buys

EA

Nearly 5 hrs later and the EA as moved up now over 130 pips from the first scalp buy I missed

Did not miss many more 😀

Price now at 4921 high - pullbacks staying above 4906 are still buys again

Watch though on Time rules next though

 

[Forexmospherian]

EU - Its been an "Opens day"

EU

4 00 pm UK time update

The EU had an "opens day " today

From the Morning Opens of Europe and then London at 8 00 am - it was sell - sell - sell

Then it went flat and in a range over lunchtime

This afternoon - when NY stock exchange opened at 2 30 pm UK time it was EU buy time


Ideally you took 2 to 4 sells this morning - and made a bomb on the 70 pips drop

Then this afternoon - you took a couple of buys after 2 30 pm and 3 00 pm and made another bomb on the 50 + pip rise.

If you did not - please tell me why ??

Was you not checking 30 and 60 min time rules ?

Was you not understanding the traffic light sequence on 3 mid range LR's

Did you not see the afternoon LiTs areas ?

Are you always worried about buying in a down trend or selling in a up trend ?

So many questions - so many answers

Pleas feel free to question our LR Chart

Here's mine

 

[Forexmospherian]

EU

Update for 4 30 pm

Supports from 0810 to 0830 now

Resistance from 0860 to 0880

So a 30 to 70 pip range we will probably stay in now until overnight or tomorrow

Above 0880 and 0900 its bull bias still and more buys

Under 0830 and 0810 - then yes - bear bias for more sell

In between - the range - maybe scalps for 7 -20 pips in between - but personally i dont plan to do that

 

[Forexmospherian]

EA

4 30PM

Whilst we remain above 4910 / 12 on pullbacks its still bull scalp bias

Price so far made 4933 and before 4940 / 45 we should have a pullback

 

[Forexmospherian]

EA

4 30PM

Whilst we remain above 4910 / 12 on pullbacks its still bull scalp bias

Price so far made 4933 and before 4940 / 45 we should have a pullback

EA

5 08 PM update

We got the pullback from after 4 30 pm

I sold late at 4 51pm - heres the chart

this is so far a 16 to 22 pip scalp - all depending when you sold

I was late - quite happy with 15 pips - no problem at all in under 12 mins


This is what you should be looking for - and notice stop on my sell can be just 4 pips - even with a 2 pip cost including spread and commission.

 

[Forexmospherian]

EA

4 30PM

Whilst we remain above 4910 / 12 on pullbacks its still bull scalp bias

Price so far made 4933 and before 4940 / 45 we should have a pullback

Ok slightly wrong - yes out by 1 pip !!

We got the pullback - made 15 pips on that

We then wanted to buy again at 4910 / 12 as mentioned nearly an hr ago

what price did you buy at ??

I got 49126

Just made now 19 pips on 70% stake on buy

stop again 4 pips

Here's the chart

 

[NVP]

Hi N

Dead right this morning - WD

After 8 am and London open the US dollar strength tap was turned on

As you say - results then easy - EU / GU /AU / NU etc down - UCad / UJ / UChf - etc - prices just carried on rising

This afternoon - change again in EU - lovely 40+ pip rise on EU after 2 30 pm

I focused on EA as my major pair - and its been a treat

Hope you too have had a good day N#


Regards


F

hey F / all

in truth I am having a sh*t time of it consulting.......not being paid nearly as worth the cr*p being saved / repaired and reprocessed through me ......but that's what mere slaves to the "man" have to do eh ? 😉

meanwhile looks like you footloose and fancy free traders are having a bloody field day.......

I will be back in the full time trading ranks one day .........meanwhile need the solid consulting cashflow for most of 2016 as trying to pick up a couple of rental properties before April Stamp deadline

then I don't give a monkeys 😆

N

 

[Forexmospherian]

hey F / all

in truth I am having a sh*t time of it consulting.......not being paid nearly as worth the cr*p being saved / repaired and reprocessed through me ......but that's what mere slaves to the "man" have to do eh ? 😉

meanwhile looks like you footloose and fancy free traders are having a bloody field day.......

I will be back in the full time trading ranks one day .........meanwhile need the solid consulting cashflow for most of 2016 as trying to pick up a couple of rental properties before April Stamp deadline

then I don't give a monkeys 😆

N

Hi N

With all your experience - and using your method along with a bit of fine tuning - you would definitely be an ideal candidate to be full time and make the 5% or 10% club of consistent successful FX traders

Its all down to discipline and controlling emotions and knowing when you are being set up by the market makers.

I would be shocked if i could not make you 30% + better than you presently are - and yes - hope to be still trading this next 18 months - so still time to fine tune you when you want ;-)

Regards

F

 

[Forexmospherian]

Tuesday 8th December 2015 - Pre Opens

Good Morning to all FX Intraday Traders

UK Pound red news at 9 30 am this morning.

Therefore will check out the GA and GJ this morning as well as my normal favourites of he EA / EJ / EU

We are still in the range was mentioned yesterday afternoon / evening on the EU and the EA as carried on rising another 100 pips above where I came out yesterday.

That scalp with a 4 -5 pip stop as made now over 200+ pips in movement - without going under my entry - but shame I did not add another partial as missed out overnight.

Normal stuff today - I will probably pick a pair to major on along with scalps on my normal favourites.

I noticed in the US session we have some Cad Dollar news so will also check the UCad pair out later on

All FX related comments welcome - charts - calls - questions etc etc

Have a good day

Regards


F


PS - don't forget to work out the LiTs areas for the Opens. That will help you decide on the bias of your scalps etc etc - GL

 

[Forexmospherian]

EA

6 34am

Nice start to my morning on this pair after 6 00 am and 6 09 am from its high.

So far in 20 mins its dropped 30 pips - OK only got 22 of them - but very nice start

Not got around to GA and GJ yet - only really used to scalping either EU / EJ / EA / GU first scalps of the day

 

[Forexmospherian]

6 37am

Already on a few pairs we have had over 30+ mins with either no new interim highs or lows ( ie GU ) suggesting turns maybe are on their way

 

[Forexmospherian]

EU

6 42am

Atm its in a bullish bias price structure for the early AM session whilst it stays above 0827/30

That does not mean it cannot try or test that area - it very much might as interim high as already gone over 30 mins with no new high - can it now go over 50 and 60 + mins and not test R;s at 65 to 80 area

 

[sun11]

Good Morning...
I think today I'm here in right time..Thank you for your tips on my thread.

Scanning, EU & UJ seems a pair to trade. Posting charts with Lits.

 

[sun11]

Mostly Interested to buy EU above 860.

 

[Forexmospherian]

Good Morning...
I think today I'm here in right time..Thank you for your tips on my thread.

Scanning, EU & UJ seems a pair to trade. Posting charts with Lits.

Morning Sun

Notice on your UJ chart how nice and easy it was from say 2 00 am to 5 00 am on your time frame - ie in a nice fall

In 3 hrs plus it did not drop that much though

Just out of interest check the EA from after 6 00 am UK time this morning in first 30 mins

Yes can see your LiTs areas etc - they will help you with the ongoing moves - but also remember we will need clear breaches of those prices - not just 1 to 3 pips etc - as then they can be false

Have a good day Sun - stay relaxed and at your own pace you feel comfortable with

GL


F

 

[NVP]

hey all

USD is FLAT ...........play the breaches .............I havnt got time for that luxury so currently selling usd off of any willing bull partners ..........will also play the buy bounce coming if time windows allow :smart:

N

http://www.trade2win.com/boards/for...-basic-ideas-strategies-1716.html#post2667090