A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

Can we breach pre news highs and lows in under 33 mins ??

Yes

Both EU an GU had new highs in last few mins - and Uchf another low by a few pips

Interesting movements - can you trust these set up ?

No way

Above 0930 on pullbacks on EU and its still bullish after a high of 0991 so far

GU - up at 5050 now - not quite as high as earlier on today

Will pop back around hr TW

 

[Forexmospherian]

Yes

Both EU an GU had new highs in last few mins - and Uchf another low by a few pips

Interesting movements - can you trust these set up ?

No way

Above 0930 on pullbacks on EU and its still bullish after a high of 0991 so far

GU - up at 5050 now - not quite as high as earlier on today

Will pop back around hr TW

7 55 pm

EU pulled back to 0929 / 30 and then after 7 27 pm was a scalp buy - breaking previous last high and making 1010 so far

GU - so far just made approx. 5099 / 5100

I would not risk normal stakes on this type of movements - gone with just 50% for now - but at least last hr was worthwhile - in the end ;-)

 

[Forexmospherian]

EU - Chart set up for last hour from FOMC News

EU

1 Min LR Chart with TL's and bias assistance with time

 

[Forexmospherian]

EU

8 21 AM

Not had the bounce I expected at 0930/32 area and price now pulled back over 80 pips from high

0890 to 0910 is now all next support

Don't plan to carry on trading now - finished for day

See you in the morning

Regards


F

 

[MajorMagnuM]

nice taps

 

[Forexmospherian]

Thursday 17th December 2015 - Pre Opens

Good Morning FX Intraday Traders

Both Euro an UK Pound red news releases again this morning - starting at 9 00 am UK time and then 9 30 am.

After the Fed Interest rate rise last night we are in different price zones again today and I will update some pairs with charts etc later on.

Another only half day for me really - a few hrs before lunch and then maybe two hrs after 2 30 pm.

All FX input including charts and forecasts welcome - as well as questions an queries on my method

Have a good day


Regards


F

 

[Forexmospherian]

EU

6 42 am

Price dropped over 170 pips from its high after the Interest rate increase last night on the US Dollar.

Surprise for me - genuinely did not think they would do it yet - but they kept to their word - although - only a small increase for a start.

For today - we would need back over 0885 and 0900 to turn back bullish - and for now under 0880 we are in a bearish price structure for AM session

Supports at 0830 and 0820 and 0800 ish

6 39 am was a scalp buy from 0854 and immediate range is 50 to 70

 

[Forexmospherian]

EA

6 47am

Its bullish above 5100 price for now

Was not up to take scalp buy from 5 30 am - but now will look for more scalp buys off pullbacks - ideally staying above 5115 / 20 area

We then need to see over 5150 to stay with new scalp buys

 

[Forexmospherian]

GU

6 58am

Similar to EU - in bearish PS atm for AM session

Would need to see price back over 4985 and 90 for a turn into more bull land

Its been a scalp buy this hour - but only moved up just over 13 pips - although still trying coming up to the EO

Will be looking to scalp sell - as pullbacks will come in this TW

 

[Forexmospherian]

EA

6 47am

Its bullish above 5100 price for now

Was not up to take scalp buy from 5 30 am - but now will look for more scalp buys off pullbacks - ideally staying above 5115 / 20 area

We then need to see over 5150 to stay with new scalp buys

EA

7 01 am

Price now at 5110/11 area - an not been able to scalp buy it just yet

Bounces starting - but need to see 5110 hold next

 

[Forexmospherian]

GU

6 58am

Similar to EU - in bearish PS atm for AM session

Would need to see price back over 4985 and 90 for a turn into more bull land

Its been a scalp buy this hour - but only moved up just over 13 pips - although still trying coming up to the EO

Will be looking to scalp sell - as pullbacks will come in this TW

GU

7 11 am

So far we have made 4975/6 an stopped

Trouble is - not much of a pullback in this last few mins

Supports are now 4955/ 60 an main interim R from 4975 to 85

So 20 -30 pips on range atm to work out

We might still drift up to 80 as still bullish above 65 just atm

 

[Forexmospherian]

]EA

6 47am

Its bullish above 5100 price for now
[/B]
Was not up to take scalp buy from 5 30 am - but now will look for more scalp buys off pullbacks - ideally staying above 5115 / 20 area

We then need to see over 5150 to stay with new scalp buys

EA

7 01 am

Price now at 5110/11 area - an not been able to scalp buy it just yet

Bounces starting - but need to see 5110 hold next

EA

7 15 AM

5111 did hold and although we have pullback so far approx. 20 pips - I have only made 11 pips so far on the buy

The key will be testing over 35 an so far 31 is all we have seen

 

[Forexmospherian]

EA

7 15 AM

5111 did hold and although we have pullback so far approx. 20 pips - I have only made 11 pips so far on the buy

The key will be testing over 35 an so far 31 is all we have seen

EA

7 20 am

No 35 and under 5124 was just scalp sells again

 

[sun11]

Good morning..Forexmospherian,

Buying EJ...

 

[Forexmospherian]

Good morning..Forexmospherian,

Buying EJ...

Morning Sun

EJ

Did not like the PA on it this morning - bitty

after 7 07 am and 7 09 am it was a scalp buy but you need over 133 00 to stay with any buys

GL - sorry would not be my FX choice this pair this hr - but - lets see if price action becomes smoother

 

[Forexmospherian]

Hi Sun

Its important to chose pairs that have nice 1 min price action - ie smooth candles or bars - not with loads of doji's or tails and bitty etc

Good examples of smooth PA this morning - the GU

Check out the difference etc


GL


F

 

[Forexmospherian]

GU

7 11 am

So far we have made 4975/6 an stopped

Trouble is - not much of a pullback in this last few mins

Supports are now 4955/ 60 an main interim R from 4975 to 85

So 20 -30 pips on range atm to work out

We might still drift up to 80 as still bullish above 65 just atm

GU

7 33 AM

Originally wanted to sell in the 7 00 am TW but had to wait until fizzled out by 7 19 am and 7 20 / 21 the scalp sell came in

Aas mentioned to Sun - This is smooth PA - ideal to scalp - not bitty stuff like on the EJ atm

GU now fallen from 7 20 / 21 am 13 pips

Supports again 4950 / 55

 

[sun11]

Morning Sun

EJ

Did not like the PA on it this morning - bitty

after 7 07 am and 7 09 am it was a scalp buy but you need over 133 00 to stay with any buys

GL - sorry would not be my FX choice this pair this hr - but - lets see if price action becomes smoother

Yes you are right...stopped out.

 

[Forexmospherian]

EA

7 20 am

No 35 and under 5124 was just scalp sells again

7 36am

EJ

stayed under 5124 an as a scalp sell and went under last low to so far 5094 /5

The scalp buy came in at 7 30 am from 5097 but need over 23 to stay with it

 

[sun11]

7 36am

EJ

stayed under 5124 an as a scalp sell and went under last low to so far 5094 /5

The scalp buy came in at 7 30 am from 5097 but need over 23 to stay with it

I got this buy trade for 5 pips.