A Master Class in FX Intraday Trading by F & Co

[sun11]

Hi Sun

Ok - how many trades have you taken so far today ?

Are you OK to trade for say another 3 hrs or just 1 hr ?

Will you be around for Euro news on the hr ( 10 am UK )

Lets see if I can help you after 10 am

Stay relaxed - and I think we still need to fine tune your chart set up and timings around time windows and KT's

step by step

Its -19 pips (again) & with 20 trades. Today some of my trades with EA was loss around -13 max. It was very quick..so i couldn't do anything.

Now about EA looking for to sell around 5232, will be a nice place to sell ?

 

[Forexmospherian]

EU

9 50 am

For news at 10 00 AM

We are in limbo atm

We know back over 1032 and 36 etc - scalp buy - back bullish to test either 1045 -60 or go higher

We know under 1008 and 1000 - it favours sells and lower

In between 1000 and 1030 is the difficult part - so either save your scalp and wait - or chose another pair etc

 

[Forexmospherian]

Its -19 pips (again) & with 20 trades. Today some of my trades with EA was loss around -13 max. It was very quick..so i couldn't do anything.

Now about EA looking for to sell around 5232, will be a nice place to sell ?

Remember news in 10 mins

too close - and also low held over 30 mins atm

all reasons to wait ;-)

 

[Forexmospherian]

ALSO remember EA still is a bullish PS above 5175/ 85 area - so we might just go higher - unless news is bad

 

[sun11]

Remember news in 10 mins

too close - and also low held over 30 mins atm

all reasons to wait ;-)

Yes waiting ....otherwise will have try during US session...or would have to close trading for the day...

 

[Forexmospherian]

10 01 am

Euro pairs still bullish - EJ best scalp buy for now

 

[Forexmospherian]

Yes waiting ....otherwise will have try during US session...or would have to close trading for the day...

I will be around next around say 11 30 am / midday - then after 1 30 pm for an hr or so

If you can see if you can take another 2 or 3 trades this hr - but only risk say minus 5 and then stop

If you have 2 or 3 winners no problem

You EA sell pullback was on at 30 / 31 area for now - maybe you might have caught 4 -7 pips

GL and stay relaxed - we will turn you account round into profit - I don't see that as a problem

Regards


F

 

[sun11]

I will be around next around say 11 30 am / midday - then after 1 30 pm for an hr or so

If you can see if you can take another 2 or 3 trades this hr - but only risk say minus 5 and then stop

If you have 2 or 3 winners no problem

You EA sell pullback was on at 30 / 31 area for now - maybe you might have caught 4 -7 pips

GL and stay relaxed - we will turn you account round into profit - I don't see that as a problem

Regards


F

No haven't got the scalp profit..as I waited few minute to confirm price action...by the time it was too late..

let see...I really can recover my losses in this year or not..

Good day
Regards

 

[sun11]

Now about EA looking for to sell around 5232, will be a nice place to sell ?

How right i was about the EA sell...but unfortunately..i didn't gain anything from it.

 

[MajorMagnuM]

notice ga approaching its lis at 2.0969

 

[Forexmospherian]

EU - Update going into US Session

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

EU

1 45 PM update

Sorry was not back for news - but its been a fairly slow day

After making 1060 this morning - its then been basically last 5 + hrs a sell - with a 30 pip retrace in between

After 10 21 am and then 10 30 am - we fell under 27 - 21 and 18 - all signalling a test of 1008 and 1000 area

Once under 1000 - as mentioned early on this morning next supports in the 0980/ 85 area and then under there 0970

Price now at 0976

Here's my chart and have circled the main bias change in LiTs area taking place

We would need bounces back over 1003 and 1010 for the possibility of another turn up again being on

Under 1000 - 0980 still bearish favouring more sells to next lower support

 

[Forexmospherian]

GU

1 49 pm

For some reason 1 45 pm and 5152 just seen a scalp buy start with a big dump / inflow of buys

Outside my TW but the fact it was so strong after 2 mins showed it wanted higher

Trouble is - without trying over 5170 and 74 - then it will pullback again

Worth watching and seeing now if this is a proper set up - or just a false tease

 

[Forexmospherian]

EU

1 45 PM update

Sorry was not back for news - but its been a fairly slow day

After making 1060 this morning - its then been basically last 5 + hrs a sell - with a 30 pip retrace in between

After 10 21 am and then 10 30 am - we fell under 27 - 21 and 18 - all signalling a test of 1008 and 1000 area

Once under 1000 - as mentioned early on this morning next supports in the 0980/ 85 area and then under there 0970

Price now at 0976

Here's my chart and have circled the main bias change in LiTs area taking place

We would need bounces back over 1003 and 1010 for the possibility of another turn up again being on

Under 1000 - 0980 still bearish favouring more sells to next lower support

EU

4 11 pm

Another few hrs later and EU dropped over 140 pips from it 1060 high early on

Also EJ and GU been nice sells - but not EA -

What was nice on these pairs was the traffic light sequence on the LRs - and the PA - making them easy trades

In the end not a bad afternoon - early on thought a slow day - before the panic tomorrow ;-)

Update chart on EU after 4 00 pm

 

[Forexmospherian]

EU

Update for London Close

0900 to 0920 is an important support area

For now the EU is still in a monthly bullish bias PS for December whilst we stay over 0880 / 0900

Under there - next key area is 0700 - 0750

Maybe tomorrow all might be tested - with it being the much hyped US interest rise news release.

I will believe it when it happens and so you need to be prepared for anything happening etc etc

Hopefully - I will get my daily target out the way before the evening 7 00 pm news release - and then hide in a bunker ( lol) in case it all goes mad ;-)

 

[Forexmospherian]

Wednesday 16th December 2015 - Pre Opens

Good Morning to all FX Intraday Traders

The BIG NEWS today is another 12 + hrs away - ie US Interest rates - will they / won't they etc etc

However - we do have quite a bit of news this morning on the Euro and Pound again starting at London Open at 8 00 am

Be careful exactly around the hour changes today - on the hour and up to 2 mins later - as we might get a lot of new quick moves happening then

I am not around again all day today - but do plan to try and cover after 7 00 pm & 7 30 pm tonight with the FOMC news releases - as they are really major stuff.

For now the EU as found supports in the 0900 - 0910 area - as mentioned yesterday afternoon but need above the 2 interim areas of 0960 and 0980/5 - to turn more bullish and back into the 1000+ zone

I am out in approx. 1 hr until after 9 00 am this morning

However - there will be loads of opportunities I am sure to get my daily target put to bed way before lunchtime - and if not - will have the 2 to 4 pm session etc

Hope to spend a bit more time with Sun today as well

All FX input welcome - charts - calls - questions - forecasts etc etc

Have a good day


Regards


F

 

[Forexmospherian]

EA

6 29 am

Been a scalp buy after 6 00 am - but in a range and needing back over 5200 to stay with buys

 

[Forexmospherian]

EJ

6 31pm

Aa more bullish PS set up than EU atm - another pair that's been a scalp buy from after 6 00am with 133 45 to 55 all being a R area

 

[Forexmospherian]

GA

6 33 am

The largest mover on my cover list so far this morning from 6 00 am ( 6 03 am actually)

Did not scalp buy it - went with EA instead - but the GA as moved up 22 pips in 30 mins - but as R next from 0893 to 0905

I will keep an eye on it today - but don't know whether I will trade it much as will place GU in preference along with EU / EA / EJ etc

 

[Forexmospherian]

EJ

6 31pm

Aa more bullish PS set up than EU atm - another pair that's been a scalp buy from after 6 00am with 133 45 to 55 all being a R area

EJ

This pair is certainly a pair I will look at scalp buying again on pullbacks staying above 133 18 / 20

For now it stopping around 40 area - with 45 -55 main interim R

If it can manage to make over 50 /55 - then would be looking again for more buys

 

[Forexmospherian]

EA

6 29 am

Been a scalp buy after 6 00 am - but in a range and needing back over 5200 to stay with buys

EA

6 42 am

We stopped at 5195/6 at 6 32 / 33 am and the scalp sell started on pullback under 91

I missed sell - just took 70% off and left 30% on for now - to see if we can make over 5200+

If not no problem - will review again after 7 00 am