A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

GU

9 18 am

We so far made 49

Now if you scalp sell it - then 38 / 40 area could be a scalp buy again

Look at all the option available for price now and have answers etc

ie range 50 to 32 - outside range over 53 and 56 etc scalp buys

Under 50 sell - but 38 /40 could turn it back up

Under 37 and 30 favours more sells

 

[Forexmospherian]

Now - why the normal traders are trying to work out whats happening next on main 4 key pairs etc - the EA as just gone up another 20 + PIPS in last 10 mins

That's why you have to be able to scan at least 4 or 6 pairs etc - to find the action - and play with the action - not the boring pairs

 

[Forexmospherian]

EA - Sun Chart and thoughts this morning

This was Sun's chart on EA from early this morning

If she had bought above 35 or 40 or even 45 and stayed with it - she would now have anything from 70 to 90 pips in her kitty

MY CHART below with line of B/O etc

 

[Forexmospherian]

Just after Midday

Will be around for a couple of hrs next - just got a few things to do first

Sun - Noticed on your chart - you are missing my longer term LR - my setting about 475 - ie the green and red dotted one ?

Where is yours etc- maybe you need a 900 LR - as your setting on MT4 might be different all together for longer LR's

 

[Forexmospherian]

Quick question on EU and EA - after EU stopped at 0944 and EA at 5242 - did anyone think after 30 mins and 60 mins about looking for scalp sells???

Might have made you on both another 100+ pips - not to be forgotten ;-)

 

[Forexmospherian]

12 13pm

During next 30 mins or so will update some my charts ready for the early US session

Mainly EU / EA / GU for now but will also look at some other pairs as well

 

[Forexmospherian]

EU - From after 6 00 am UK time Wednesday Morning

Good Morning All

Mid week and a slow day on news.

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

EU as made back over 0900 - Its been textbook on my method so far - ie a scalp buy exactly at 6 00 am ( missed that ) but got in 6 08 and 6 27am and so far made 0925.

I must remind everyone the importance of the LiTs and the PRICE STRUCTURE on the 1 min LR charts

This morning on the EU there is a perfect "line in the sand" at 0897 and from then on and after midnight and 2 00 am the Price structure as a bull bias and would need a minimum pullback below 0896 to take us out of this PS

I will post a chart on this again later

Meanwhile - as normal and around next 45 mins

Have a good day - stay focused and GL


Regards

F

EU

12 47pm


Comment above from over 6 hrs ago

EU as been in a bullish PS for AM session all morning

Its had some nice pullbacks for scalp sells - but the easy way was to get some partial buys on above 0900 and to stay with then - whilst still scalping in both directions

Its seems for now 0950 is the first main R atm

Over 55 and 60 would favour more buys and we need back under 0915 and 0900 to be holding scalp sells on longer

 

[MajorMagnuM]

Quick question on EU and EA - after EU stopped at 0944 and EA at 5242 - did anyone think after 30 mins and 60 mins about looking for scalp sells???

Might have made you on both another 100+ pips - not to be forgotten ;-)

yes 10.21 was a beuat. as you say, time rules came in, retest of hi of 10.07am then 10.35 to 37 bars giving lower highs. my red dotted line then capped the action. the break of 38 came next but had to wait as movement down was slow. 11.09 casued me a problem and i reduced stakes before the big fall at 11.14. the problem for me at 11.09 was a scalp buy signal at supports from 09.09 window

 

[MajorMagnuM]

currently long ga but actually the entry was 20 minutes or so too early

 

[Forexmospherian]

yes 10.21 was a beuat. as you say, time rules came in, retest of hi of 10.07am then 10.35 to 37 bars giving lower highs. my red dotted line then capped the action. the break of 38 came next but had to wait as movement down was slow. 11.09 casued me a problem and i reduced stakes before the big fall at 11.14. the problem for me at 11.09 was a scalp buy signal at supports from 09.09 window

Hi MM

Good to see you about

I can see what you mean at 11 09 am - I think I would have said under 0940 still in a scalp sell - but there was easy a 3 -5 pip scalp buy in between if scalping and then from 35 /36 it was time to load more sells on for a 20 pip drop.

The EA as now taken over as my new favourite - its been performing so much better than the EJ - although the GA I have not been trading so much as still scalp the GU and EJ in preference.

You may have seen that Sun is also going through a period that all intraday traders have to go through - the transition from demo to live.

Its a problem for the vast majority of traders - but if they can persevere and get the mind to accept to react the same - then you have cracked it

Up to say about 5 lots - I am same live as demo in actions - if I tried 15 -25 lots a pip - all my bad memories would come back and I would have problems.

I am sure i could get over them - but at my age with retirement due very soon - then really I am not even going to try - but if i was 10 or 15 yrs younger - then I would be really testing myself - to make sure I could crack it

Hope all is OK

Regards

F

 

[Forexmospherian]

currently long ga but actually the entry was 20 minutes or so too early

Noticed GA went up over 170+ pips from Opens - shame to say - did not trade it and did not take 1 pip off it ;-((

 

[Forexmospherian]

EA - update for pre US session

EA

1 mIN LR Chart with green support area - still in a bullish PS - but needs over 5255 + to stay with buys or take more above 5150

To sell off - would need under 5120 and 5100

 

[MajorMagnuM]

ga 2112 ultimate res for me. no Rush to get there

 

[MajorMagnuM]

au also at linear res

 

[MajorMagnuM]

ah. zooming out, also at lis

 

[Forexmospherian]

au also at linear res

7205 TO 7215 area all looks critical for next decisions etc

 

[Forexmospherian]

EU AT 0953 NOW at 1 25 PM

 

[MajorMagnuM]

au views

 

[MajorMagnuM]

gu and eu longer lr structure bullish, unlike au

 

[Forexmospherian]

EU AT 0953 NOW at 1 25 PM

It needs to stay above 0938/9 to look at more scalp buys