A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

we need to take stock on where you are in terms are you well down or b/e or slight profit so far today?

Then we need to get you focused etc - please dont try multi scalping etc - step by step - just one or two pairs rather than you covering 4 or more pairs for now

Thats come after we have you confident on a live account

 

[sun11]

Ok I will check it. Right now having a sell trade on with EJ. How far i should target?

 

[sun11]

Ok I will check it. Right now having a sell trade on with EJ. How far i should target?

closed that with 4 pips profit. day -11

 

[sun11]

we need to take stock on where you are in terms are you well down or b/e or slight profit so far today?

Then we need to get you focused etc - please dont try multi scalping etc - step by step - just one or two pairs rather than you covering 4 or more pairs for now

Thats come after we have you confident on a live account

I checked your 8 am. mostly about GU & EA.
i have 4-5 pairs now. Among them i pick one-two pair. Which shows trend. Then keep trading on them. For example, today i mostly traded on GU.

 

[sun11]

day is now -9, this session i am mostly focus on EJ. Looking for a good place to recover my losses.

 

[Forexmospherian]

Ideally - I want to buy all euro crosses after their pullbacks

London Open now - so expect games first

This was the one at exactly 8 00 am this morning posted

EU & EJ turned out better than EA so far

 

[sun11]

This was the one at exactly 8 00 am this morning posted

EU & EJ turned out better than EA so far

I bought from 450 LR on tick chart. Got 1 pips. It moved 3 pips. But then it collapse.

Do u think its still bullish?

 

[Forexmospherian]

day is now -9, this session i am mostly focus on EJ. Looking for a good place to recover my losses.

Ok

which would you prefer to major on a tick chart - either EJ or GU ??

I dont mind either

 

[sun11]

129.00-128.96. I see a support on tick chart. But could be wrong.

 

[sun11]

ok

which would you prefer to major on a tick chart - either ej or gu ??

I dont mind either

ej.

 

[sun11]

For GU, 4318 is the support.

 

[Forexmospherian]

ej.

OK - no problem

OK

First question - is it in a bull price structure for US session - or a bear one ??

 

[sun11]

OK - no problem

OK

First question - is it in a bull price structure for US session - or a bear one ??

Looks bear. Below all LR on tick13

 

[Forexmospherian]

Looks bear. Below all LR on tick13

Sorry to have to say SUn

I will post a chart

Price structure is bullish now above 128 70

 

[sun11]

Sorry to have to say SUn

I will post a chart

Price structure is bullish now above 128 70

you said bullish so i bought. lost -4 pips. now day is -18

 

[Forexmospherian]

Sorry to have to say SUn

I will post a chart

Price structure is bullish now above 128 70

Its important to know a pairs price structure bias every time you trade

It does not stop you counter bias scalping - but you need to know what is preferred etc - rather than thinking - I can just keep scalping same way

I will post a 1 min chart as that gives you price structure of the longest Lrs etc

Then you are correct on interim support areas - but have not considered dynamic ones

 

[sun11]

This was my EJ chart. I thought bearish.
Now daily pl is -21. Should i stop?

 

[Forexmospherian]

EJ

1 min view with price structure off longest LRs

Now we will drill down to tick chart

How long as high lasted and you supports at 129 00 and 128 90

 

[sun11]

EJ

1 min view with price structure off longest LRs

Now we will drill down to tick chart

How long as high lasted and you supports at 129 00 and 128 90

Now it's falling towards 128.90 zone.

 

[Forexmospherian]

EJ

1 min view with price structure off longest LRs

Now we will drill down to tick chart

How long as high lasted and you supports at 129 00 and 128 90

EJ

Tick chart showing scalp sell