A Master Class in FX Intraday Trading by F & Co

[MajorMagnuM]

do you have this trendline?

 

[MajorMagnuM]

yes t13 said no above 4322 then close

 

[MajorMagnuM]

but look at m1 longer structure as overview every hour or so for m1 bias check

 

[sun11]

Sold GU & closed at 2 pips profit.
Ok now looking at the chart as MM told to.

 

[MajorMagnuM]

just be aware than we are morphing on m1 and at a major trendline below. therefore our max range is 40 pips.

 

[sun11]

ctrader is still loading...I think i missed a trade. Still can't look at the trend line.

 

[Forexmospherian]

Morning Everybody,

Bought GU. Based on tick analysis.

Back now and with you Sun now

No problem scalp buying Sun - BUT - a major point here

Why do you prefer counter trend scalp trades rather than scalps with the Bias ??

 

[Forexmospherian]

just be aware than we are morphing on m1 and at a major trendline below. therefore our max range is 40 pips.

Morning MM

Hope you are well

Been a busy 2 hrs early on - hope all is well


Regards


F

 

[sun11]

Back now and with you Sun now

No problem scalp buying Sun - BUT - a major point here

Why do you prefer counter trend scalp trades rather than scalps with the Bias ??

I can't find the upward trendline as MM said on t13.
Now no open trade. Looking at 5min price structure it seems bullish. But t13 GU is bearish.

what to do?

 

[MajorMagnuM]

Morning MM

Hope you are well

Been a busy 2 hrs early on - hope all is well


Regards


F

horrible chest infection

 

[MajorMagnuM]

I can't find the upward trendline as MM said on t13.
Now no open trade. Looking at 5min price structure it seems bullish. But t13 GU is bearish.

what to do?

sun can u show me your m5 and what you see as bullish please?

 

[Forexmospherian]

Gu - on Tick chart for Sun

GU

9 35AM

Chose this pair as Sun as it on a tick chart

Here's what I am seeing on mine

 

[Forexmospherian]

GU

9 35AM

Chose this pair as Sun as it on a tick chart

Here's what I am seeing on mine

GU - on a 1 mins chart

 

[sun11]

Hi F & MM here is the 5Min chart.
I close my buy trade with 4 pips from profit 4308.

 

[MajorMagnuM]

yes i see now that previous level ty

 

[sun11]

Now sold based on Tick chart GU.

 

[sun11]

Now sold based on Tick chart GU.

closed that with 1 pips.

 

[Forexmospherian]

To answer some of Suns questons

1. LiT area for bias on price structure -

LiTS stands for a line in the sand area - its not a traditional pivot point - its a dynamic price area based on the now and it shows the difference on bear and bull and bias

On the GU this morning the LiTs is 4345 to 55

we need over both prices for price structure to turn bullish and then to prefer more scalp buys

Under both prices - we are in bear land and I prefer scalp sells

BUT

as MM as pointed out and as we know - 4300 and 4290 are major dynamic and static supports

So unless we breach under both - then we will turn and try a retrace

But until we go over 4345 and 55 - we are still in bear land

Hope that makes sense for a start

 

[MajorMagnuM]

totally

 

[Forexmospherian]

Sun

staying with GU

If you scalp bought on a tick chart - you need to have done it at 4306 -8 area

If you wait to 12 or even 15 - its far too late

What was your entry price ?