A Master Class in FX Intraday Trading by F & Co

[MajorMagnuM]

not as bad as me mate
my three longs this morning, all failed

 

[MajorMagnuM]

Urgh. This short broke supp, all lr above, high held longer than lows since 0840, 132.73 is line in sand for more sells. Stop hit

 

[MajorMagnuM]

crickey. Basically today i have managed to long at tops and short at bottoms. another ej short 10.29, fast lr came over, lis held for that moment then bang up

 

[MajorMagnuM]

ej fast lr corssing at 10.43 at res. cant take trade as 6 consecutive losses today

 

[NickBk]

ej fast lr corssing at 10.43 at res. cant take trade as 6 consecutive losses today

Entries on your charts looked fine, I guess one of those days just.
Not sure if you did anything wrong other than bad luck.

I actually rarely trade EJ I watch it but usually have better options.

 

[sun11]

Waiting for EU to decide a direction...

 

[Forexmospherian]

Waiting for EU to decide a direction...

Hi Sun

Sorry - not been around much today - two small tasks ended up taking hours ;-(

Yes the EU started to change direction after 11 00 am and clearly after 1 30 pm - going back up over 60 pips

When I have time will post my chart later

Meanwhile - I think on your chart you need another longer LR - mentioned it the other day your 450- -500 setting not working good enough

Regards
#

F

 

[Forexmospherian]

ej fast lr corssing at 10.43 at res. cant take trade as 6 consecutive losses today

Hi MM

I thought this morning from after 6 00am to 9 am was just so easy on EA and GA

Regards a bad scalp run - was you able to close any under say minus 3 pips - then 6 consecutive not that damaging - but if every one was minus 5 or minus 6 or 7 - that's enough to out psych most live traders - unless you know you have another 6 hrs free in front of you and you can refocus etc etc

Also - were all 6 on the EJ ??

If so - never stop with same pair after 3 bad hits - go into another hr period on another pair - break the habit etc

Regards


F

 

[Forexmospherian]

EU - Today

]EU

7 14am

In a 30 -35 pip range

Under 0950 - bear bias and would be more scalp sells etc

Above 0982 and 90 - bull bias and then we would be going back into a bull price price structure again and I would be favouring more scalp buys[/B]

Whilst we stay in the 0960 and low 70's we are just awaiting for the London Open and a larger move starting.

Under 68 I have scalp sold - but need now under 54 and 50 to stay with any sell

Above 70 and 75 favours scalp buys again

EU

8 00 PM

Other than about 2 hrs this morning not been about much to trade today - hope to be around more tomorrow

Here's my EU chart - I said to Sun I would post it later on.

Note comments from early morning and what happened

I have circled the critical price area - ie the main LiTs area

 

[sun11]

Morning F,

What is the new LR you want me to add?

Regards

 

[Forexmospherian]

Morning F,

What is the new LR you want me to add?

Regards

Morning Sun

I don't think your 450 -500 LR is working right

Try another one at say 700+

I will post my EU Chart next and check your longest LR against my red/ green dotted one

Have a good day

Regards


F

 

[Forexmospherian]

Tuesday 15th Decemeber 2015 - Pre Opens - EU

EU

8 00 PM

Other than about 2 hrs this morning not been about much to trade today - hope to be around more tomorrow

Here's my EU chart - I said to Sun I would post it later on.

Note comments from early morning and what happened

I have circled the critical price area - ie the main LiTs area

EU comment from last night along with chart

Now chart this morning - note bias and TL continuation etc

This chart is mainly for Sun - as I don't think all her LR settings are working correctly - please post your chart same times etc as a copy to see and for us to compare

Hope to be around a bit more today as well

All FX contributions welcome as normal

Have a good day all - stay focused and keep an eye on the time with all new interim highs and lows



F ;-)

 

[Forexmospherian]

EU

6 43am

The EU is in a bullish bias above 1008/10 this morning

First real scalp sell on it from exactly 6 30 am and 1029

It should be another buy before 1018 - but we are pre Opens and the EU does like to be played with - so might it tease lower ?

For now above 1008/ 10 I will be buying again - but only if the interim top goes according to the time rules - ie either breached before 30+ mins - or ready to again after 50/ 60 mins

If we stay under 1031/35 for more than 60 mins - more than likely that would signal larger pullbacks - but I don't think that will happen - let's see

Out of the Euro crosses I trade - EU / EA / EJ - EA was best scalp sell at 6 30 am - and EJ was a scalp buy - interesting with regards to relative strengths of pairs

 

[Forexmospherian]

GU

6 48am

This pair as been a scalp sell from 5 39 am and 6 00 am - I missed both as was not with chart set up at either times

5155 /57 is interim supports and 5148/50 is key for remaining in a bull bias price structure for morning session

 

[Forexmospherian]

EU

6 43am

The EU is in a bullish bias above 1008/10 this morning

First real scalp sell on it from exactly 6 30 am and 1029

It should be another buy before 1018 - but we are pre Opens and the EU does like to be played with - so might it tease lower ?

For now above 1008/ 10 I will be buying again - but only if the interim top goes according to the time rules - ie either breached before 30+ mins - or ready to again after 50/ 60 mins

If we stay under 1031/35 for more than 60 mins - more than likely that would signal larger pullbacks - but I don't think that will happen - let's see

Out of the Euro crosses I trade - EU / EA / EJ - EA was best scalp sell at 6 30 am - and EJ was a scalp buy - interesting with regards to relative strengths of pairs

EU

6 56am

Never went under 18 and new high easily under 30 mins

Scalp buy points were at 6 39 am at 1026 and 6 51 am at 1029

Price now made 1035

Pullbacks staying above 27 are buys again

We need under 27 and 21 and 18 to look at scalp selling - otherwise as already said - we stay in bullish price structure and price will rise

 

[sun11]

Hi
Following your chart...adding 740 is giving me something like this...is it ok to go?

This is the best i got with shift 0.

 

[Forexmospherian]

EU

6 43am

The EU is in a bullish bias above 1008/10 this morning

-----------------------

Out of the Euro crosses I trade - EU / EA / EJ - EA was best scalp sell at 6 30 am - and EJ was a scalp buy - interesting with regards to relative strengths of pairs

EJ

7 02 am


A scalp buy as mentioned from 6 30 am- peaked at 34 so far - a 17 pip rise in 30 mins


Its a LH atm but still another buy above 25 on pullbacks

 

[Forexmospherian]

EA

7 05 am

Now dropped 32 pips from its 6 30 am scalp sell - down now to 30% stake with stop in profit

I hope to buy above 5188/ 90

Different set up to EU and EJ - - all 3 in bullish bias PS - but since 6 30 am - marker maker play as started taking them out of sync

this is the beauty of a 1 minute set up and also of correlations - you can see it immediately

 

[Forexmospherian]

Hi
Following your chart...adding 740 is giving me something like this...is it ok to go?

This is the best i got with shift 0.

View attachment 209626

Looks to long now

Try say 620 or 650 LR - that might be a bit better and then post again so we can compare

 

[Forexmospherian]

Hi
Following your chart...adding 740 is giving me something like this...is it ok to go?

This is the best i got with shift 0.

View attachment 209626

I am sorry Sun

Looking again - its your time confusing me

Can you set your chart times to UK time - then I can compare properly

Regards


F

PS - as I typ we are now 7 11 am