A Master Class in FX Intraday Trading by F & Co

[MajorMagnuM]

tell me you didn't beat this price!

 

[Forexmospherian]

I need under 5120 on EA to stay with sells now

 

[Forexmospherian]

tell me you didn't beat this price!

No you beat me by a point of a pip

WD - again

👍

 

[MajorMagnuM]

yes then 155

 

[Forexmospherian]

I need under 5120 on EA to stay with sells now

5124/5 low so far so out 70% of sell

Now got 30% stake on buy in profit at 17 and 30% sell in profit from 35

stalemate lol

 

[Forexmospherian]

I would need 32/3 to exit sell and would leave 17 alone - if stopped no problem - nice profit of 11 pips in it anyway

 

[MajorMagnuM]

i have a free trade at full stakes now

 

[Forexmospherian]

Out next hour dog walking

Back for before lunch and maybe for news - along with 2 hrs this afternoon

GL guys - MM does not need luck - he's in his own zone already lol

 

[Forexmospherian]

i have a free trade at full stakes now

Excellent

👍

See you later

 

[MajorMagnuM]

yes gotta goto reptile shop-

 

[sun11]

Need to review them in detail

Loss of focus after 3 losses ???

Yes you spot it right...I need to work on my psychology part..I think that's the main barrier towards my success. Have to find a way..& also need to take a break after 3 losses.

Regards

 

[Forexmospherian]

GU - AM Sessio

9 29 AM

GU

for news - need to stay over 4830/ 35 to buy more and add over 65 / 70

Below 30 - different ballgame - back bearish

9 33 am

GJ largest pullback with GA next - GU around 4833 now - so just waiting to see if we get a LH under 55 next

Undecided on Pound atm

GU

11 30 am Update

We stayed above 4830 after the news and then after 9 51 am TW it was time to risk a buy and hope we made above 55 and then 65 and 70

I scalp bought at just 50% stakes as I was going out and left stop at 4830 and thought ok if it goes wrong I have a larger stop than normal - but only on 50% stake - so equivalent to about a normal 5 pip stop on 100% stake

Unfortunately not around to add over 55 or 65 - but so far now up at4885 and I will move my 50% stake stop up to 64 now - locking in approx. 25 pips - or 13 pips at normal size.

 

[Forexmospherian]

Yes you spot it right...I need to work on my psychology part..I think that's the main barrier towards my success. Have to find a way..& also need to take a break after 3 losses.

Regards

Hi Sun

As long as you can identify your strengths and weaknesses when trading - you will get there.

You strengths so far are discipline and willingness to study and improve

You weakness is - stress of a live account due to past history

Contrary to a lot of opinion - there are lots of methods that look OK and work for a bit - but are never consistent and will never make you great returns

However - my method is complex involving many components or variables - but once learnt - understood and followed is then a guaranteed winning method - in most trading conditions - day in - day out

Having that confidence that you now have a winning method and that yesterday on your live account you made 8 consecutive wins - should now be etched in your mindset

Let that overrule your fears - but always - always remember your disciplines - and when its not working - get out ASAP ideally only minus 2 or 3 never wait until minus 5 or 7.

Also every time you have 3 consecutive losses - stop for at least 30 min - even 60 mins until the market conditions change and options and clues become clearer etc etc

Best regards and don't worry - you will get there because you are determined and know what you are doing wrong


F

 

[Forexmospherian]

Frustrated that I did not have a buy on other pound crosses - but that's greed and also because got stopped out my 30% sell on EA whilst out - but that's trading - you will never be 100% correct all the while and you will always miss opportunities

Back now lunchtime

GL

 

[Forexmospherian]

GU - When a AM session goes to plan

GU

7 11am

In a bullish PS above 4805/20 area with price so far making 4855

Ideally want to buy again above 4833/35 on a pullback if we don't make over 4857 /60 in one go

GU

12 30 pm Update

We had the Pound red news at 9 30 am

The perfect place to buy again was 4833/35 after news

I had also mentioned we needed to stay above 4830 to stay in the bullish PS - and we just about did that at the news release

Now price up at 4891 - so a 50+ pip move up off one pair in last 3 hrs

Other Pound crosses were actually better buys - but I was also trading EA - EJ - EU as well so cannot cover every pair and trade it - but slightly annoyed I did not get ant partials on with stops in profit

1 Min LR Chart of GU so far

 

[Forexmospherian]

EU - This week so far

Yesterday's chart below

Then a bit later on

Last Night

EU

8 48 pm

Did not make through the R area and as been scalp sells of the 9 mins past

In fact 4 key 9 mins past the hr today - 1 buy and 3 sells

EU

12 45 PM UPdate

Chart now today of EU - A 5Min chart to show over last 5 days or so following on from early action of the start of the week

 

[Forexmospherian]

EU

8 25 am

So far we stayed under 41/42 and currently now testing 21 - with 17 to 20 a support again

Can only stay with sells under 0912 and 0900 really - otherwise will look for bounces and scalp buys next

EU

2 00 pm Update

We have just finally seen 0900 on EU

We had the bounces from 15 and 17 and they stayed under 41 ( 35/36) So been a sell for over 2 hrs now

Bounces staying under 0921 stay as sells again - but don't get caught on time rules and a turn

GL

 

[Forexmospherian]

EJ

7 23am

This pair like other euro crosses as been bearish - dropping approx. 60 pips from its yesterday afternoon 's high

Supports next at 132 10 / 15 - its whether they can hold to look at if we can line up a scalp buy

EJ

7 33 am

We could not get under 20 so scalp buy from 7 30 am now

Would need over 37 to stay with buys

EJ

Over 6 hrs later

We never made over 37 - and from then on it was a scalp sell - which could be added to under 132 10 and 132 00

Now low so far 131 76

Not scalped this pair much - just left partial stakes on off 2 scalp sells

One stop now in profit at 91 the other one down to 132 11

See you later

 

[sun11]

Thank you F,

You are a true mentor...👍

Not interested to try other methods...cause already done that in past...So, I will stick to your method...:smart:

Got some pips with EU.

Have a nice day..
See you tomorrow..
Regards

 

[Forexmospherian]

Thank you F,

You are a true mentor...👍

Not interested to try other methods...cause already done that in past...So, I will stick to your method...:smart:

Got some pips with EU.

Have a nice day..
See you tomorrow..
Regards

Hi Sun

Thank you for your comment - and really its no problem - I genuinely want you to succeed and I feel very confident I can get you there - step by step - whilst you regain your confidence and carry on learning more .

WD on EU

Here's my 2 min chart on it - I used 2 mins as I can show yesterday on it as well - other charts have been 5 mins as well as 1 min - but always prefer the shorter term time frame as long as it goes back far enough