A Master Class in FX Intraday Trading by F & Co

[sun11]

Good Morning F,

Any chance of EU being around 1.09 zone or a fall around 1.0860 zone.

Regards

 

[Forexmospherian]

GU - Early Morning Bull Price structure

GU

1 Min LR Chart in a bull price structure above 4900 this morning

Buys started pre 6 00 am and from before 4915 - but any price after 5 57am was ok and any pullbacks staying over 4918 are still buys again atm

4935 to 50 is all R area - so really we would need to breach above there to stay with buys and maybe we might be able to take some scalp sells before that happens

 

[Forexmospherian]

Good Morning F,

Any change of EU being around 1.09 zone or a fall around 1.0860 zone.

Regards

Morning Sun

Well rather than target a possible move - ie up to 1 09 am - check out the price structure and work out what prices we need to stay above to stay in a bullish PS for it to carry on trying up

For me first R was 0880 and price stopped at 0881/2 in the 6 30 am TW

Now we need to see price stay above 0867/ 68 area to ideally scalp buy again

To get to 0900+ we need over 82 - but really over say 87 - as we need a clear breach

If this present sell drops under 67 - then its being manipulated - but really does need under 0860 to carry on selling - as 0860 is a support area

So the range is 0860 to 0880 atm - just 20 pips atm

Have you noticed after 6 30 am the EA & the EJ were also scalp sells as well - another clue on Euro weakness kicking in there


Have a good day Sun - please don't just jump into trades etc without working out the sequences - but when you do get the right clues and turns - then no hesitation - but - if in doubt - do nothing

All the best for this week and try and cover at least 3 or 4 pairs - rather than get caught in any EU trickery etc

 

[sun11]

Have a good day Sun - please don't just jump into trades etc without working out the sequences - but when you do get the right clues and turns - then no hesitation - but - if in doubt - do nothin

Agreed,
There was a good trade on EJ.
You analysis on EU perfectly matched with my charting...Got 6 pips

 

[Forexmospherian]

EA - Price Structure change after 6 30 am

EA

7 07 am

This pair was not an easy scalp from early on - but from 6 32 am the price structure set up changed

Notice on my 1 min LR chart how many LR's were under pre 6 30 am and then how many went over during the next 15 mins

It was a scalp sell from 5175 area and so its dropped to the 47/48 area and now bouncing

For me now - if it stops below 5170 - then its a sell again - but we must count the time on the low etc to see then when or if it might be breached

 

[Forexmospherian]

Agreed,
There was a good trade on EJ.
You analysis on EU perfectly matched with my charting...Got 6 pips

Excellent

That's good Sun

Now with EU - 30 min rules and also R 's at 0880 again

 

[sun11]

Excellent

That's good Sun

Now with EU - 30 min rules and also R 's at 0880 again

Yes nice...but struggling around 875 zone.

 

[Forexmospherian]

Yes nice...but struggling around 875 zone.

EU

For me Sun - It need over an hr to breach 0881/2 - and so last attempt was too early

Also last low at 70/1 as gone over 30 mins - so now a BTTZ area

That means be careful on EU - its still bullish above 0860/ 70 - but its lost its momentum and so might be manipulated next - before a proper move

My main scalp so far is the EA sell -

EJ also like EU in a bullish PS so worth looking more at that pair and GU was another sell after 7 00 am - but now as all supports to break to stay with sell

 

[Forexmospherian]

7 28 am

Will be around for 8 00 am and London Open hour

Having a quick break and back in a bit

 

[Forexmospherian]

GU - Buy Pre 6 00 am - sell after 7 00 am

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

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

and GU was another sell after 7 00 am - but now as all supports to break to stay with sell

GU

Notice again the structure change after being very bullish earlier on

 

[Forexmospherian]

7 50/ 51 am - quite a few scalp buy opportunities from this Key Time

 

[Forexmospherian]

Then the reverse at 8 00 am - very predictable for the LO - normal play going on

 

[sun11]

7 50/ 51 am - quite a few scalp buy opportunities from this Key Time

Got 12 pips from EU buy at the lowest point...but it seems like back to my old target..

 

[Forexmospherian]

8 05 am

If you are trying to scalp 2 or 3 pairs and have partials on more than 3 pairs - its so obvious how the EU is manipulated the most - little things designed to mislead and catch scalpers out etc - you expect it on this pair and that's why its not always the easiest pair to trade

The EU was the only pair making a low below 7 50 am level - not so on EJ / EA / GU before they started moving up again

 

[Forexmospherian]

Got 7 pips from EU buy at the lowest point...but it seems like back to my old target..

EU

Its still in a bullish PS above 0860 supports Sun

Trouble is without making over 0881 and 0887 then we will not go any higher and stay back in range again

GL

I favoured EJ and GU from after 7 50/51 am on buys

 

[Forexmospherian]

EU

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

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

EJ also like EU in a bullish PS so worth looking more at that pair and GU was another sell after 7 00 am - but now as all supports to break to stay with sell

EJ

8 17 am

Comment from approx. 45 mins ago

We are testing the morning high again - but do need over 132 15 and 25 to stay with buys now

7 50 / 51 am was a very nice scalp buy and its moved up approx. 25 pips

 

[sun11]

EU

Its still in a bullish PS above 0860 supports Sun

Trouble is without making over 0881 and 0887 then we will not go any higher and stay back in range again

GL

I favoured EJ and GU from after 7 50/51 am on buys

It seems like less chance now being bullish...

 

[Forexmospherian]

Its certainly a scalpers morning on so many pairs this morning - too much choice really

Off out at 8 40 am and hope to pop in again after 9 30 am just for 15 mins

No real breaks of morning ranges atm - instead just moves back and forward

Most of the pairs PA is not too bad so scalping as been quite easy

GL and see you later in the morning

 

[Forexmospherian]

It seems like less chance now being bullish...

We have had the LH and LL on EU now Sun - but does need under 0860 and 55 to stay selling

Would I trust the EU ?

No - so be careful on it

See you later

 

[MajorMagnuM]

Ive been getting short ea around 65/67