A Master Class in FX Intraday Trading by F & Co

[NVP]

ok gotta scoot .as I leave we see

Buys - Yen , Euro , CHF
Sells - USD , Aussies , CAD

USD has breached some recent support with solid sells 👍

GBP eerily quiet so far .............

cheers
N

 

[Forexmospherian]

EU - Last 2 hrs Update

EU

6 30 am Update

I will start with this pair simply because its still the most traded and popular FX pair - even though its not always easy to trade - simply due to all the manipulation taking place.

For the Morning session - its in a bull bias price structure above 0860 / 70

We have R's at 0900 - 0920 / 40 / 60 and supports from 0830 - 50 - 65/70

So far its topped at 0905 and 6 20 / 21 am from 0902 / 1 was a scalp sell

Ideally we scalp buy again from 0875 to 0883 area

EU

6 53am

So far up 10 pips off my scalp sell after 6 20 am

Will want to scalp buy still a bit lower - certainly above 72 - ideally 75 to 83 still

Lets see when all lines up

EU

1 Min LR Chart

Bullish PS - but been a scalp sell under 0902 from 6 20/ 21 am - a key time

EU

8 50 am

0883 / 85 was the ideal scalp buy point and after 7 21 am

So far its made 0945 and now in a pullback - but still bullish above 0900/0905 area

Update chart

Notice traffic light sequence and Bull PS

 

[Forexmospherian]

ok gotta scoot .as I leave we see

Buys - Yen , Euro , CHF
Sells - USD , Aussies , CAD

USD has breached some recent support with solid sells 👍

GBP eerily quiet so far .............

cheers
N

8 53am

Morning N

Happy. Healthy and successful 2016 to you

GU - Pound news at 9 30 am UK time and for now its bullish above 4720/ 25 area

Have a good day

F

 

[Forexmospherian]

8 56am

This next hr will focus on the Pound crosses with Pound news on the half hr

 

[Forexmospherian]

Pound Crosses - 9 00 am Update

Price structure wise for this AM session - the GU and GA are bullish and the GJ is bearish - due to a strong yen overnight.

The GA as already risen over 250+ pips overnight so could be topping under 0500

The GU is bullish above 4720/25 and so far only made 4775 - 4780 is a R as well

GJ - bearish but pullback bounce of 80 pips last 40+ mins - yes its a beast

 

[Forexmospherian]

9 16am

Very slow atm

Pound red news in just over 10 mins

 

[Forexmospherian]

9 22 am

Last 4 mins - all pound crosses came into sync with the Pound rising

GU - 9 pips - GA up 18 pips and GJ only 8 pips

 

[Forexmospherian]

these are pre news moves - so be careful if scalp buying - as could be false set up

 

[Forexmospherian]

Pound crosses at 9 26 am - over last 7 mins

GU up - approx. 19 pips

GJ up 28 pips

GA up approx. 19 pips

Leaving just 30% on GU - out rest

 

[Forexmospherian]

After news - dog walking and then got a doctors appointment after 11 00 am - check up from the neck up and to see if I still have any work left in me ;-)

 

[Forexmospherian]

9 30 am

Pound crosses - news gave a 15 -25 pip pullback - had exited all buys with exception of leaving 30% stake on a GU buy - as I had originally bought it above 4734 and so had over 40 pips of profit in it

Above 4755 - GU still scalp bullish for me on pullbacks

GL guys

See you later

 

[MajorMagnuM]

Best wishes for new year all.
hands full over the next week but sniping the odd opportunity if i can when i pass the pc.
first one of the year, 6 pips open from wave bottom 6 pips close from wave top. Actually, pretty bloody sloppy entry and exit but my excuse is i wasnt looking at the chart at 0800, and closed a bit early as this morning so far does not look like level busting action. image is a tick chart

 

[NVP]

hey all

usd looks poised for more resells ...some nice Bull GBP action as well recently

watch the yen ........looks ready to rise again

Swissie getting mullered

http://www.trade2win.com/boards/for...-basic-ideas-strategies-1722.html#post2680878

 

[NVP]

Best wishes for new year all.
hands full over the next week but sniping the odd opportunity if i can when i pass the pc.
first one of the year, 6 pips open from wave bottom 6 pips close from wave top. Actually, pretty bloody sloppy entry and exit but my excuse is i wasnt looking at the chart at 0800, and closed a bit early as this morning so far does not look like level busting action. image is a tick chart

a wins a win dude ............complain about the losses !! 😎

 

[Forexmospherian]

9 30 am

Pound crosses - news gave a 15 -25 pip pullback - had exited all buys with exception of leaving 30% stake on a GU buy - as I had originally bought it above 4734 and so had over 40 pips of profit in it

Above 4755 - GU still scalp bullish for me on pullbacks

GL guys

See you later

GU

11 30 am Update

Was not about to exit 30% stake at 4810 -15 area but exited at 4792 area after a failure back over 4800

4760 / 70 support area crucial next if we are going to try and scalp buy again in that area

 

[Forexmospherian]

EU

11 40 am

Still bullish above 0900 support area

After 0945/46 price went 30 mins with no breach it was a sell again and the pullback bounced at 0898/ 0900 support area

Need back over 0933 to stay with any scalp buys above 0900

 

[Forexmospherian]

EA

6 40 am

My favourite Intraday pair - certainly over the later half of 2015

Its already risen approx. 220 + pips through the Asian session and is in a bullish PS above 5000 and 5020 topping so far near 5130

For now above 5086 and 90 I still favour more scalp buys to test 5130 again

EA

11 43am

So far its made 5167 - was not about to take profit on buy then - but still in and moved stop now up to more profit at 5133 and if I get stopped no problem - but hopefully it will still test 50 and 60+ again

 

[Forexmospherian]

Should be around for 3 00 pm US Dollar news - no major news over lunchtime - so maybe will just check out at the Midday and 1 pm time windows and then look again at 2 00 pm

First trading day of the new year as been very kind to me so far - traded EU / EJ / EA / GU / GA so far with EJ the best quick scalp.

Well over my daily target and will risk 15 pips later on on more trades - this could be either 3 trades with 5 pip stops or it might end up another 5 or 10 trades and another 50+ pips if I don't lose 15 pips in the process

 

[NVP]

Should be around for 3 00 pm US Dollar news - no major news over lunchtime - so maybe will just check out at the Midday and 1 pm time windows and then look again at 2 00 pm

First trading day of the new year as been very kind to me so far - traded EU / EJ / EA / GU / GA so far with EJ the best quick scalp.

Well over my daily target and will risk 15 pips later on on more trades - this could be either 3 trades with 5 pip stops or it might end up another 5 or 10 trades and another 50+ pips if I don't lose 15 pips in the process

well done F ........👍

very lively London session actually ..........yen and GBP both managed to pile on nearly 60 bull pips individually in the session ...so masses of opps to buy them into willing sellers at times

only CaD and then strangely the Swissie were hammered ...both going down 60 pips at times

 

[Forexmospherian]

EA

11 43am

So far its made 5167 - was not about to take profit on buy then - but still in and moved stop now up to more profit at 5133 and if I get stopped no problem - but hopefully it will still test 50 and 60+ again

EA

1 00 pm Update

Made another high at 5180 and by 12 20 pm it was a scalp sell - so exited 30% Stake buy trade at 5159.

It then dropped down to 5133 - so it would have clipped me out there if I had not exited already and then at 12 51pm became another scalp buy at 5141

We need above 5166 and 70 to stay with buys and I would only scalp sell under 5135 and 5130 next