A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

9 15 am

UK pound news in 15 mins or so

Ok with GU set up in bull bias above 4260 and 67

GA also bullish PS above 0155 area

GJ same above 172 80

News could change it all - but for now Pound more bullish than weak

 

[Forexmospherian]

GU

7 17 am

BULLISH PS for GU atm above 4320/30 this morning - 4380 AND 4300 first R's and 4350 support atm

GU

7 33 AM

TurnING Bearish and scalp sells under 4263

Only scalp buy above 67 and 72

GU

9 22 AM

8 Mins or so to news

For me -second best pair after EJ

I caught the scalp sell - but once back over 4250 favoured buys and bought above 67 and 72

So far its made 4298 and we know around 4300 is a R area

Move stop up tight or take part profits etc for news

To go back into bear land need under 4250 and 30

Above 4270 + still bullish for higher

 

[Forexmospherian]

GU

9 25 AM

4307 so far - time to take more part profits pre news

4275/80 supports on pullbacks from news - before 4250 and 60

 

[Forexmospherian]

Sun

will say EU after 7 00 am etc as been ugly and slow

Its not been a pair I would advise this morning

I have had a loss on it - but just 3.3 pips

Over Opens we need you to maybe not always look at EU - it can be the most difficult pair to trade

 

[Forexmospherian]

4316 at 9 30 am

Not much news effect atm GJ also bullish still

 

[Forexmospherian]

EJ

9 00am Update

Started off bullish but after EO hit R area and turned

Dropped down over 30 pips

Advised to look for scalp buys above support area and happened whilst I was out

This is my chart

Note trendlines Sun - always go with tight one first though as they can help give you clues with Lrs for direction change

EJ

30 Mins later

Update chart

Note LR crossover and under 2 TL's

 

[Forexmospherian]

GU

9 25 AM

4307 so far - time to take more part profits pre news

4275/80 supports on pullbacks from news - before 4250 and 60

GU

9 49am

Price at 87 from high 4317 ish

we have had a bounce - but still in scalps sell mode atm under 4309

range for scalping 4280 to 4322+

40 pips now - so could go BTTZ next

need a proper b/o of either price for next larger move

 

[Forexmospherian]

EA

9 56am

Not mentioned it much after 7 30 am

I made 31 pips on buy and then left it alone as it went into range

The range is over 45 pips and its bounced both ways 4 times over last 2 hrs or so

5320 is key support but need over 5365 and 80 for more scalp buys

 

[Forexmospherian]

10 00 AM

Update

i must say - i feel sorry for anyone trying to trade the EU this morning

its awful PA on 1 min and being played with and slow and flat

To me far more difficult than so many other pairs so far

 

[PipsterPipstoffelees]

morning all

is it just me or is everything looking a bit sideways at the moment?

cant seem to spot much feeling for any directions ..

 

[Forexmospherian]

Back after Midday next

Gu needs over 4322 and 25 to carry on buying

4300 to 4315 could be sell time if all lines up

 

[Forexmospherian]

EJ

30 Mins later

Update chart

Note LR crossover and under 2 TL's

EJ

11 34 am

Nearly 2 hrs later

supports hold - R area is breached and still in bullish PS

 

[Forexmospherian]

Back after Midday next

Gu needs over 4322 and 25 to carry on buying

4300 to 4315 could be sell time if all lines up

GU

Midday update

Now we can only look at holding scalp buys above 4305 and 15

Under 4295 its sells with support areas at 4260/63 and 4240/45

We could end up in a new range then of say 4250 to 4295 - 45 pips

We need then the b/o either side of range for bigger moves

 

[Forexmospherian]

EU - Midday Update - with False move shown

EU

was in bulllish PS for Opens -

We had many manipulated moves - making it not easy to trade - as Sun found out

After 10 00 am made sense

 

[Forexmospherian]

2 00 pm update

Hope to get an hour or 90 mins in before 5 00 pm - but got some domestic jobs and a trip to local hospital to see someone in there atm

EU and EJ stayed bullish - GU needs over 4322 and 25 to buy more as still 4315/17 high in place for now

Need really under 4260 and 40 to sell off GU as supports at 50/60 and 4280 ish

 

[Forexmospherian]

EU

2 30 pm Update

Above 0870/72 its still scalp bullish - but needs to make over 0890 and 0900 to stay with buys

Under70 supports at 60 and 65

Would need under 60 and 50 to hold scalp sells on longer or take new ones

 

[Forexmospherian]

EJ

2 30 pm Update

Stalled at 132 00 area

still in bullish PS above 131 62 / 65 area on pullbacks

Would need under 60 and 50 to carryholding on sells or taking new ones

 

[NVP]

just popped to see how us is opening up

wow ..........USD is leading the selloffs ?....amazing

SElls - USD , CAD , AUD
BUYS - GBP , YEN , Swissie

good hunting :smart:

 

[Forexmospherian]

just popped to see how us is opening up

wow ..........USD is leading the selloffs ?....amazing

SElls - USD , CAD , AUD
BUYS - GBP , YEN , Swissie

good hunting :smart:

Hi N

GU been in a bullish price structure from early Opens

Last hour's been good

 

[Forexmospherian]

Importance of levels - GU example

Back after Midday next

Gu needs over 4322 and 25 to carry on buying

4300 to 4315 could be sell time if all lines up

This comment above was at 10 45 am - over 5 + hrs ago

We did have a pullback under 4300 again to 4265 support area and then when we started rising - above 4322 and 25 it was clear buy land for scalp buys

Yes we had funny PA and pullbacks staking scalpers out but its all about bias and reading the structure and then once you are in its a case for buys making sure PA is positive with HH's and HLs'

Perfect entry was probably 2 51 pm UK time a key time then over the 3 pm TW

It then went up to 4378 / 79 before topping at the 4 00 pm TW

4 01 / 2 was the scalp sell and more than likely a buy is on again above 4322 / 25 area

Hope that make sense with levels

It certainly one for Sun to get her head around as she is confused with levels atm - so need to improve her with this and timings etc etc