A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

Here for at least 30 mins and then again for an hour or so after 3 00 pm

EU still in bullish PS above 0900

We need above 0940 and 50 to carry on with scalp buys though

 

[Forexmospherian]

Euro crosses

EU and EJ both in bullish modes

EA odd one out - in a bearish PS from 6 00 am this morning - I sold first at 5 59 am and are selling again now

If you check - it moved back up from its lows - a deliberate stop hunt on bears etc

 

[Forexmospherian]

GU

2 08pm

Still it its bullish price structure after a pullback down to 4285 area

We need to see above 4350 and 60 to stay with scalp buys


Last one from 1 51/ 2 pm at 4315

 

[Shacau]

Hi everyone,
Just had my best day ever 🙂
+426 pips



Still need to improve my "free trades" but ill get there 😛

 

[Forexmospherian]

Hi everyone,
Just had my best day ever 🙂
+426 pips
View attachment 215918
View attachment 215920

Still need to improve my "free trades" but ill get there 😛

Hi Shacau

Very well Done - Pure Excellence - that takes some doing and I know you have been working at it for quite a long time - but when you have days like today - Its all worth while

We all know we can improve - some days I think - what am I doing when i have a few losses or miss out on some simple free trades gains - but the main thing is profit and consistency etc

Really pleased you shared as well

That will give hope to Sun and PP and make Major M work harder to have a 500+ pip day next ;-))

All the best and Good Trading


Regards


F

 

[Forexmospherian]

GU

4355/6 at 2 23 pm -

High was for me 3 mins too late - but caught the sell late at 4340

Still in bullish mode above 4305 / 10 for now on pullbacks

Will pop back after 3 30 pm or so next

 

[sun11]

Wow Shacau,
Wonderful results.

Just passing by, I thought i will spend the evening watching the market. But no got some work. See you all tommorow.

 

[Forexmospherian]

4 00 pm Update

GU - stayed above 4310 area and now made 4403 - nice ;-)

EJ - topped so far just under 130 00 - remember above 129 30 / 35 it went into bull land

EA - Missed move up after 5307 low - came out sells - but failed to go back buying in last hour - silly me

EU - 0943 ATM - above 0920 / 23 on pullbacks still a buy again - but of course watch any 30 min rule on highs - or lows etc

 

[Forexmospherian]

Good Morning FX Intraday Traders

Up early as out over to East Midlands Airport in a bit and really will not be back to start trading normally until some time after 8 30 am

I am just having a quick look at the set ups etc and the LiTS areas pre Opens

As we know - all can change from after 6 00 am to the end of the London Open first hour - but as least we can suss out areas of bias and change levels

The GU was interesting yesterday and I notice Major M as covered it with some Andrew's PF's etc

We also have UK Pound news at 9 30 am as well - and the 4230 area is critical today as under there and under 4200 could signal more larger falls

Staying above 4230 and then getting back over 4250 and 4280 - could be a start of a larger turn back up

Will do a quick guide on bias and levels on a few main pairs before I leave

Have a good day and all FX inputs welcome


Regards


F

GU

4 10 am

Said above at 5 55 am this morning

over 10 hrs later now stayed above 4230 and from 50 rose to now to 4405

150 + move up - that's the type of move we want - with no pressure on partials with stops in profit

We will get Sun moved on to the importance of the LiTs and bias levels etc and then instead of 20 -40 scalps a day - she might only take 5 or 10 and leave partials on to make her money - with no stress

It will come ;-)

 

[Forexmospherian]

EJ - Today - LiTS and Bias for sun

129 22 to 29 is all R area

Not got a tick chart to check out though

Driving back in next few mins - see you later

Prior to this comment before 8 30am - I had made 2 comments onthe EJ basically saying it was in a bear price structure under 129 35

That favoured sell and it bottomed at 128 95 ish

Over the Opens we got a turn up - but for me it was still a sell again under 129 22 - 29

Unfortunately - we did not stop at the R area and carried on up above 30 and 35

At that - the price structure bias changed from being bearish before Opens - to now Bull for Am Session

Even if you lost 5 or more pips on a scalp sell not working - you as a Intraday trader then know - OK I CAN BUY NOW.

What happened next was a bull day

Since crossing bias the pair moved up over 80+ pips

We never went back under 129 35 - in fact we never went lower than 50 as price carried on up

its important any intraday trader using my method knows were the dynamic LiTS area is on every pair they trade

Its does not matter if they are 3 or even 10 pips out - because once you get a proper change in bias ( Line in the Sand ) area - then you should easily be able to make 20 -40 - 100 + pips from following trades in sync with the intraday bias

Here's my chart

I posted it after the breach early on today and now again 10 mins ago

2 hrs after breach

12 hrs after breach

 

[PipsterPipstoffelees]

Well, I was a bit better today, only 8 trades, 50% win/lose, but small losers and slightly larger winners, so +18 for the day.

 

[keen246]

Prior to this comment before 8 30am - I had made 2 comments onthe EJ basically saying it was in a bear price structure under 129 35

That favoured sell and it bottomed at 128 95 ish

Over the Opens we got a turn up - but for me it was still a sell again under 129 22 - 29

Unfortunately - we did not stop at the R area and carried on up above 30 and 35

At that - the price structure bias changed from being bearish before Opens - to now Bull for Am Session

Even if you lost 5 or more pips on a scalp sell not working - you as a Intraday trader then know - OK I CAN BUY NOW.

What happened next was a bull day

Since crossing bias the pair moved up over 80+ pips

We never went back under 129 35 - in fact we never went lower than 50 as price carried on up

its important any intraday trader using my method knows were the dynamic LiTS area is on every pair they trade

Its does not matter if they are 3 or even 10 pips out - because once you get a proper change in bias ( Line in the Sand ) area - then you should easily be able to make 20 -40 - 100 + pips from following trades in sync with the intraday bias

Here's my chart

I posted it after the breach early on today and now again 10 mins ago

2 hrs after breach

12 hrs after breach

Interesting F. So, could we say that in your afternoon the new Lits was around 129.65 - 129.75? If not, which would you reckon?
Cheers,
Keen246

 

[Forexmospherian]

Interesting F. So, could we say that in your afternoon the new Lits was around 129.65 - 129.75? If not, which would you reckon?
Cheers,
Keen246

Hi K


Yes correct

it's a dynamic level - constantly changing when we have proper rallies - but more static pre opens when mainly pairs go into range mode first - allowing us to find level off a long flat LR - rather than one thats either angling up or down

With EJ now this morning at approx 6 00 am UK tiime - the Lits area got up to approx 130 00 area and price started then to fall under it prior to news in the night that weakened the yen - resulting in the EJ moving higher to over 132 00 +

As of now the LiTs area is approx 130 25 to 40 ish - so prices above there are still in a bull price structure for the morning session


Regards


F

 

[Forexmospherian]

Friday 29th January 2016 - Pre Opens at approx 6 20 AM

Good Morning to all FX Intraday Traders

I think this morning I will go back to posting some LiTs Areas again on a few pairs - so we can see how they work and hopefully followers can understand their importance

They are not simple pivot points etc - they are dynamic areas of where supply could change to demand - or vice versa and for me are like "lines in the sand" that inform us then of the price structure for the session - either bull bias - favouring price rises and therefore more buys - or again bear bias and the opposite

I have just mentioned the EJ pair already in last 10 mins above for Keen


Over next 20 mins with do another 4 + pairs

Scalp wise - I have been selling the EA under 5320 after 6 00 am and the EU under 0915

The EJ as been a buy above 133 45

Busy last 20 + mins


Have a good day and as normal - all FX input and comments welcome


Regards


F

 

[Forexmospherian]

EU

6 27 am


Start with this pair - LiTS @ approx 0935 to 50

So to recap - we are under both prices atm - saying we are in bear bias - favouring scalp sells

We can still have pull backs and scalp buys etc - BUT - they should stay under the LiTS

If we see price make a move over 0935 and 0950 and get to say 55+ - the bias of the price structure as changed to bullish - you then look more and give preference to buys and expect price to try over 0960 and 0980 and even higher over 1000.

That might happen later - whether 2 hrs or 12 hrs - but for now under 0935 and 0950 - keep looking for scalp sells off retraces and look for price testing supports at 0900 area and under there 0890 and 0880

Hope that make sense etc

Will post a EU chart later on this morning

 

[Forexmospherian]

EA

6 37 am

Maybe I should post a chart on this pair next

After 6 00 am and under 5320 - it was a scalp sell in a bearish PS

We hit an interim low at 5275 - and stalled

We then got the bounce - or scalp buy at 6 21 am from 5278/80 area - 30 pips in 9 mins and then the perfect stop and reverse at 6 30 am from 5311 - we had like a so called railroad candle pair - great sign of a reversal - but not a main clue for me


The LiTs is way above at 5420 to 65 area - its a big area because the EA is a big mover

So whilst under 5420 and 5400 and lower - its all bear land

The question now can 5270/ 75 support area hold or not ??

30 min rule maybe and then other clues etc etc

If we bounce up - we might get a 50 or even 90+ move up - but we are still in bear land under 5400 etc and so would look for sells again then

If any move up carries on above 5400 and 5435 and 5465 - etc - different ball game - we have gone then into a bullish PS -

Chart to follow

 

[Forexmospherian]

EA - Lits area pre Opens a nd sells under 5320 for now

EA

6 45 am

1 Min Lr chart with 2 rectangle boxes - the big one is the LITs Area and the small one at bottom - possible support area

 

[Forexmospherian]

You look at the EA chart and on my post there only looks small movements after 6 00 am etc

In reality - 1 - a 45 pip drop

2 - a 30 pip quick 9 mins rise

3 - another pullback so far of 22 pips

Total possible for Ace scalpers - over 90+ pips in 45 mins

No not got anything like 90 pips off 3 scalps on EA - but got over my daily target off it ;-)))

 

[Forexmospherian]

GU

6 54am

LiTs Area - approx 4240 to 65 ish

Above as of now - so in a bullish PS for morning session

We do need to see a new high above 4425 and 4430 though to feel confident to take more buys etc

 

[Forexmospherian]

AU - LiTs - 7070 to 90 - in bull PS for now and above 7100

Ucad - LiTs - Bear PS under 4065 and 4040