A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

EA

9 26 am

Down now over 85 pips from 6 30 am time

Like EU in bearish PS and breached under supports

Last 2 main scalp sell time - after LO at 8 04 / 5 am and then after 9 09 am - that one dropped approx 30 pips in 16 mins or so and still falling atm

 

[Forexmospherian]

EU

9 30 am

Price now at 0964 and from 0940 to 60 is all a support area

We might get bounces - but we need back over 1002 etc - to have any chance of a turn in bias taking place and going back to bull.

Could be start of a 50 -60 pip range - ie 0940/50 up to 0990 area

Out again in 10 mins - plan to trade after 11 30 am and a couple of hrs later on after 2 30 pm then

 

[MajorMagnuM]

urgh did asian session now getting coffee into me. im long from :

 

[MajorMagnuM]

Missed that trade with EJ...was with EU & EA. EU was bad choice..
Let see.

0709 was the safer bet?

 

[MajorMagnuM]

There is so much out of sync and correlation this morning in this EO 20 mins - its not that nice

Best scalp buy was EJ from around 7 03 am and best sell - definitely GA for me

yes i would have bought that too. shame it did not get above 50

 

[Forexmospherian]

urgh did asian session now getting coffee into me. im long from :

Morning MM

hope you had some more profit out

I have favoured scalp sells on GA this morning

When you look back over last 5 hrs - we have had a 70 -80 pip sell - then after 8 30 am - a 50 + pip buy - and then another sell after 10 30 am worth another 70+ pips

I am looking now from the start of this hr and seeing a nice scalp buy from 0760 - outside the TW - but so far worth approx 30 pips

If we look at those 4 trades - 2 sells - worth say 140 + pips - 2 buys - worth say 80+ pips plus - 220 pips and they always say if you catch 50% of that you have done really well - ie over 100 pips - whether off 3 or 5 or even more trades.

My problem is today - not been around to much - so only got 2 sells with partials - but still not bad on GA

EU / EA / EJ even all been OK --

Planning to trade later on - either after 1 30 pm or 2 30 pm next

See you later - here now just for 15 mins


Regards


F

 

[MajorMagnuM]

current longs. ej did not work out

 

[Forexmospherian]

EU

11 30 am update

11 08 / 09 am from around 0940 was a nice scalp buy - textbook to my method

Clues had come after 30 mins on low and no breach and clues of rise with HL after 10 55 am and then the multi Lr 's cross underneath

So far its made 0958 - so 18 pips gross - approx 17 pip net in under 30 mins

And that's the EU - not noted for being easy / simple / etc with nice PA

See you in a couple of hrs - GL guys

F

 

[MajorMagnuM]

yes i was a little hasty at 11.06

 

[MajorMagnuM]

eu cant tell as highs are holding but we have series of hl still, so not adding or taking profit until more info

 

[MajorMagnuM]

glad ga recovered, still have rems but unfortunately was unable to add

 

[MajorMagnuM]

crickey i forgot to check news. 50 pip spike there on ga, /gu

 

[Forexmospherian]

2 30 pm update

Back for a bit now

Its been fairly boring so far - EU back in its range and also euro crosses hitting supports etc

GU as offered a change - ie a 90 pip drop after Midday news and then a 60 pips retrace after 12 39 and 1 00 pm .

Let's see what about next hour or so

 

[Forexmospherian]

GU

2 37 pm

Supports now at 5125 - 36 area and R;s at 5175 to 90

So a 40 to 60 pip range for scalping

the scalp sell was after 2 21 and 2 30 pm from 73 to 69 area

 

[Forexmospherian]

EU

2 40 pm

Supports 0935 to 40 - first R's at 70 to 80

Still bearish session atm - and a scalp sell - but we need under 35 and 30 to stay with sells

 

[Forexmospherian]

GA - Nice scalp set up in key US session hour - 3 -4 pm

GA

1 Min LR Chart

The 50 pipper in under 25 mins

Stop size - your choice from 5 to 7 pips - 3 or 4 stop is too tight on this pair as a bit of a beast

Wait to you get multi LR crossover near a KT in a TW

Then stay with it when you have 5 + Lrs over price until you stall properly with 2 or 3 quick Lrs going then under price

The chart shows it clearly

 

[Forexmospherian]

GA

1 Min LR Chart

The 50 pipper in under 25 mins

Stop size - your choice from 5 to 7 pips - 3 or 4 stop is too tight on this pair as a bit of a beast

Wait to you get multi LR crossover near a KT in a TW

Then stay with it when you have 5 + Lrs over price until you stall properly with 2 or 3 quick Lrs going then under price

The chart shows it clearly

You cannot get any more LIVE IN ADVANCE THAN THIS -

You saw my buy arrow after 3 45 pm and at 07400 area

Now 15 mins or so later - another 40 pips in the Kitty from the scalp buy

 

[Forexmospherian]

4 34 PM

GA

Dont know if MM's about

I reckon the GA should try over 08000

From 07400 its been a nice scalp buy with a pullback and a rise again

Ideally over 0805 it might then try 20+

We will soon find out - but whatever happens finishing for 5 00 pm ish

 

[MajorMagnuM]

clouds overhead and still in the negative are of the line in sand tho?

 

[Forexmospherian]

classic false b/o down on GA under 07800

It dropped over 15 pips - then immediately bounced in the direction it should try - ie Up over 08000