A Master Class in FX Intraday Trading by F & Co

[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

EA

6 40am

Over 43+ mins since I started on scalp buy and now we made over 5200 and just testing 5213.

I added to my 30% partial stake over 5204 and will now pull that part again if we stall by 5215

Nice move in all up over 35 pips in total off just 2 main buys and even missed the 12 pip pullback

 

[Forexmospherian]

6 51 am

EA - yes stalled at 5213 will leave just 30% on with stop in profit at 86

 

[Forexmospherian]

EJ

6 54am

Still in a scalp buy - but now just on 30% stake - as its asleep atm and still not making over 41 +

Price structure atm is very bullish - but 40 to 55 is all R area - maybe - that could change it all

Be careful on the hr change - and similar at 8 00 am LO

 

[Forexmospherian]

EJ

6 54am

Still in a scalp buy - but now just on 30% stake - as its asleep atm and still not making over 41 +

Price structure atm is very bullish - but 40 to 55 is all R area - maybe - that could change it all

Be careful on the hr change - and similar at 8 00 am LO

EJ

7 00 am was a scalp sell from 133 37 - its just stalled at 41

I will want to try and scalp buy this again lower - ideally above 23/ 25 area

 

[Forexmospherian]

6 51 am

EA - yes stalled at 5213 will leave just 30% on with stop in profit at 86

Moved 30% stop in profit on buy up to 95 now as price tests 5210 now

Need over 5215 to stay with buys or to add to

 

[Forexmospherian]

Out in 20 mins or so

Just mention GU - we do have news on it at 9 30 am as well

Its just a sell for me under 5051/3 area and needs over 5055 and 60 to turn back into a bullish PS for the London session

GL

 

[sun11]

Good Morning,

Many red news in this morning...
Can be choppy...Currently two of my trades on EA are lost with 5 pips. 1st I sold then it got stopped out...& send buy got stopped out too. I thought 5219 is good place to sell.

Its better to take a break or scalp for low pips...

 

[sun11]

Good Morning,

Many red news in this morning...
Can be choppy...Currently two of my trades on EA are lost with 5 pips. 1st I sold then it got stopped out...& send buy got stopped out too. I thought 5219 is good place to sell.

Its better to take a break or scalp for low pips...

Drop of 18 points...& I missed it.
Next EJ 133.52 zone for sell.

 

[sun11]

My Current EJ chart...looks like I spot it right...let see..

 

[Forexmospherian]

Good Morning,

Many red news in this morning...
Can be choppy...Currently two of my trades on EA are lost with 5 pips. 1st I sold then it got stopped out...& send buy got stopped out too. I thought 5219 is good place to sell.

Its better to take a break or scalp for low pips...

Hi Sun

Back now but only for 35 mins

Only popped back for Pound news

I sold under 5055 again and placed stop at 62 - as not on 100% stake size just 50% whilst I was out

Will repost my comment on GU - as now up 32 pips on it atm

Remember we have news in 25 mins

With EA you do need 5 -7 pip stops - but you will know when you hit it right - you will never go more than minus 3 or 4 at outside

 

[Forexmospherian]

Out in 20 mins or so

Just mention GU - we do have news on it at 9 30 am as well

Its just a sell for me under 5051/3 area and needs over 5055 and 60 to turn back into a bullish PS for the London session

GL

This was my comment at 7 10 am - approx. 2 hrs ago

I sold again at 5055 with stop at 62 - but only on 50% stake size as was going to be out

It proved the move up from 40 to 55/6 was totally false - just to drop weak bears

Its then dropped over 40 pips

I would hope Sun you might have got some of that

 

[Forexmospherian]

GU

9 11 am

For news - if we are going to stay bearish - then we need to stay under 5062 and 5050 - under there is bearish structure down to supports at 5000 and 4970 / 85 area

Not checked other pound crosses yet

With regards euro crosses - as normal EA as been my earner - although stopped out in profit o 30% partial stake

EU - under 0960 - again just bearish with next supports at 0920 and 0910 - 0900 areas

 

[sun11]

My Current EJ chart...looks like I spot it right...let see..
View attachment 209834

How nice this trade was it moved 17+ pips in my favour..I didn't trailed...so got only 3+...Shame !!

 

[sun11]

This was my comment at 7 10 am - approx. 2 hrs ago

I sold again at 5055 with stop at 62 - but only on 50% stake size as was going to be out

It proved the move up from 40 to 55/6 was totally false - just to drop weak bears

Its then dropped over 40 pips

I would hope Sun you might have got some of that

No i was trading EJ...That nice trade which became shameful...

 

[Forexmospherian]

How nice this trade was it moved 17+ pips in my favour..I didn't trailed...so got only 3+...Shame !!

Hi Sun

At least you are spotting them - that gives you confidence - and then its down to timing

Spot the area - close in and then look at key times in time windows along with LR's and PA

On EJ 133 15 to 27 - is all interim support - so we know to stay with sells need under 14 and 10 - ie at least a 5 pip breach

The move up from 18 was ideally a 8 20 / 21 am scalp buy from 27 area

Then after 9 05 am - the scalp sell from 40 / 41

Just now 9 12 am - the bounce from Interim supports again at 26 / 27 area

The question now is - if we stay over 15 and 27 - can we make over 133 52 and 57?

 

[Forexmospherian]

GU

9 11 am

For news - if we are going to stay bearish - then we need to stay under 5062 and 5050 - under there is bearish structure down to supports at 5000 and 4970 / 85 area

Not checked other pound crosses yet

With regards euro crosses - as normal EA as been my earner - although stopped out in profit o 30% partial stake

EU - under 0960 - again just bearish with next supports at 0920 and 0910 - 0900 areas

GU

WITH 8 mins to news - its now testing 0906

Will leave 30% stake off last sell on for news with stop at 37

Got the feeling those bar stewards will bounce it though before another drop

 

[Forexmospherian]

After news in 5 mins out again and hope to be back after 11 00 am ish

Next news then at 1 30 pm

 

[sun11]

Hi Sun

At least you are spotting them - that gives you confidence - and then its down to timing

Spot the area - close in and then look at key times in time windows along with LR's and PA

On EJ 133 15 to 27 - is all interim support - so we know to stay with sells need under 14 and 10 - ie at least a 5 pip breach

The move up from 18 was ideally a 8 20 / 21 am scalp buy from 27 area

Then after 9 05 am - the scalp sell from 40 / 41

Just now 9 12 am - the bounce from Interim supports again at 26 / 27 area

The question now is - if we stay over 15 and 27 - can we make over 133 52 and 57?

I made more 5 pips with this shame less pair...133.50 I have lots of question mark...It was my tp...which got failed to reach...

 

[Forexmospherian]

interesting that EA and EJ still in bullish PS for this am session

EU is not - would need over 0960 to go back into bull bias

 

[Forexmospherian]

GU

WITH 8 mins to news - its now testing 5006

Will leave 30% stake off last sell on for news with stop at 37

Got the feeling those bar stewards will bounce it though before another drop

with 2 mins to news - moving stop in profit down to 5019 as price at 5000 now