A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

1 13 pm is a trick play time - 2 mins before news

Be careful - a set up

 

[Forexmospherian]

We can only sell if we stay under 4518 and test now under 4497

 

[sun11]

What a pin bar on GU...I guess you earned good profit with it?

 

[Forexmospherian]

Still no lower high and lower low for now

at 1 19 pm GU still in bull PS for scalp buying atm

Under 4497 - different ball game

I hope Sun you can follow this ok on your ctrader chart on a 1 min

 

[Forexmospherian]

What a pin bar on GU...I guess you earned good profit with it?

No - did not sell - just left 30% stake on buy above 4489 and just scalp buys above lows on bounces

Its still bullish Sun over 4502 for now

 

[Forexmospherian]

4527 now at 1 22pm

Pullbacks staying above 4512 still buys again

 

[Forexmospherian]

Sun

Are you reading PA and LRs and trendlines and time on a 1 min chart - but hopefully not a MT4 one

 

[sun11]

Sorry Sun - I have read what you have said and would have to disagree

I had first high at 4504 and 11 48

That held but was breached after 12 31/2 pm - just over 30 mins but was equalled in between at exactly Midday

Then after 12 28 pm still a scalp buy at 4492 and made over 4504 and kept going

So time rule was met and it still carried on rising

The devil is in the detail

MT4 cannot supply enough detail on time and price - thats my problem I have with it

It does not matter for 90% of methods - but for accuracy - we need really accurate time and price - ideally off a tick chart with time shown every 30 secs

High now testing over 4518

I just hope you did not sell - as you read it wrong - but no problem

No I didn't sell. I was not interested to sell until below 4500.

Now I bought after & closed at 4530 with 10 pips profit.
Then re buy again. But that one got closed with 6 pips loss.

How far GU could move?

 

[Forexmospherian]

I am keeping my fingers crossed Sun as been buying GU

Now at 1 28 pm at 4545

I just hope she's got a few positive pips ??

 

[Forexmospherian]

No I didn't sell. I was not interested to sell until below 4500.

Now I bought after & closed at 4530 with 10 pips profit.
Then re buy again. But that one got closed with 6 pips loss.

How far GU could move?

OK

Targets can only be next R areas and if they get breached - the ones after

R's next at 4550 and 60

Retraces staying above 31 are still buys again atm

 

[Forexmospherian]

No I didn't sell. I was not interested to sell until below 4500.

Now I bought after & closed at 4530 with 10 pips profit.
Then re buy again. But that one got closed with 6 pips loss.

How far GU could move?

I really do think its down to not seeing the details on the 1 min chart with PA and Lrs

I will post my 1 min chart Sun as I traded it in a bit - clarity needed - can you get that on your charts etc etc

 

[Forexmospherian]

I really do think its down to not seeing the details on the 1 min chart with PA and Lrs

I will post my 1 min chart Sun as I traded it in a bit - clarity needed - can you get that on your charts etc etc

1 MIN CHART with range of below 46 and above 24 and 30

Above 49 and 53 buys
Under 30 and 24 sells

 

[sun11]

OK

Targets can only be next R areas and if they get breached - the ones after

R's next at 4550 and 60

Retraces staying above 31 are still buys again atm

Please don't keep much hope on me. Ctrader is updating itself...

Today maximum loss I receive because of re entry. After getting profit, when market moved more higher or lower, I re enter & that created the losses.

 

[Forexmospherian]

Sun

Question /

Can you post your chart for last 2 hrs on the GU /

Thank you

 

[Forexmospherian]

Please don't keep much hope on me. Ctrader is updating itself...

Today maximum loss I receive because of re entry. After getting profit, when market moved more higher or lower, I re enter & that created the losses.

Are you using ctrader on FXPro ?


If we have a problem with it no prob

Any broker charts that are not mt4

ie Dukascopy demo with LR's and several other brokers etc- they might run easier

 

[Forexmospherian]

Also you could try demo on FXTrex Intellicharts - they have LR's and choice of broker link etc

Also GFT and Pepperstone etc - many other brokers have LRs' - but ideally get a ECN and STP

 

[sun11]

My GU chart is same like yours.
Thank you for sharing the chart.

 

[sun11]

Yes I am using Ctrader with Fxpro demo account for charting..
Posting my GU chart. Ctrader was updating that time.

 

[Forexmospherian]

My GU chart is same like yours.
Thank you for sharing the chart.

Can you post it as would like to check the times and prices etc?
Thank you Sun

 

[Forexmospherian]

Big Question ?

Are you still in profit for the day ??