A Master Class in FX Intraday Trading by F & Co

[sun11]

EU

7 08 AM

iDEAL Scalp sell at 81 Sun

That lined up with Lrs and time just after hr change

Now we can only hold that under 65 - 72 to 67 - still supports

Our post just crossed. Yes I spotted that 80-81 zone. But I enter too late at 73.
Need to improve there.

 

[Forexmospherian]

Got it late entry..not a sweeet point.
Ok then another sell opportunity from 80 right, I see a crossover around longer LR on EU.

Yes 82 was interim R off last 40 mins movements and 81 / 80 a sell

But as said - only hold under 65 as 67 to 72 all interim supports

And never let a 5+ pip profit go to a loss

 

[sun11]

Closed that 73 sell trade at -2 pips loss as soon I saw that big candle & cross over.

 

[Forexmospherian]

Our post just crossed. Yes I spotted that 80-81 zone. But I enter too late at 73.
Need to improve there.

WAY WAY WAY too late

That was at 73 over 1 min 40 seconds to 2 mins late

You can be 10 secs late or even 20 seconds - but never more

Thats what we have to improve you on for scalps - and we will

Pressing a one click trade entry on sell or buy is a 1 sec job - if that

 

[Forexmospherian]

EA

5425 COULD be support area rather than 5420 or in area 5400 to 5420

Time only approx 17 mins low atm

EA as made under 25 in under 30 mins

Pity EU not doing atm - shows manipulation differences

we need to stay under 544o to sell again

 

[sun11]

WAY WAY WAY too late

That was at 73 over 1 min 40 seconds to 2 mins late

You can be 10 secs late or even 20 seconds - but never more

Thats what we have to improve you on for scalps - and we will

Pressing a one click trade entry on sell or buy is a 1 sec job - if that

Yes I do that one click trade button entry..

When I saw that certain fall, I got confused for a minute. Car headlight effect..
Now EU price action is looks very nasty...

I sold EJ with a cross around the trendline. From 78.

 

[Forexmospherian]

WAY WAY WAY too late

That was at 73 over 1 min 40 seconds to 2 mins late

You can be 10 secs late or even 20 seconds - but never more

Thats what we have to improve you on for scalps - and we will

Pressing a one click trade entry on sell or buy is a 1 sec job - if that

See Sun - if you had got scalp sell at 81 - or 80 even 79 - then you are still in profit whilst waiting to see if we make under 72 and 67

If we bounce up to say 76 - we take 2 or 4 pips profit - but with late entries - you are snookered and caught out

Better to miss scalp - than be late - - exceptions are in faster moving markets and getting clear LL's or HH's - non happened on EU so far from under 81

 

[Forexmospherian]

Another point Sun - EU is normally the worse FX pair to trade around these times - too slow - too manipulated etc

We need you say to look more at even EJ / UJ / EA / GU etc - at least moves going on etc

 

[sun11]

Better to miss scalp - than be late

Agreed.

 

[sun11]

I am already looking at the EJ. Took sell trade from 78 cross over around TD.
But it's not moving much.

 

[Forexmospherian]

Yes I do that one click trade button entry..

When I saw that certain fall, I got confused for a minute. Car headlight effect..
Now EU price action is looks very nasty...

I sold EJ with a cross around the trendline. From 78.

EJ sell too late - its stalled at 83 for 5 mins - so sell at 81 or 80 with 84 your stop

Lets hope we continue lower though

 

[Forexmospherian]

EA as made under 25 in under 30 mins

Pity EU not doing atm - shows manipulation differences

we need to stay under 544o to sell again

EA as made 5440 from its low around 20 and carried on up - so no sell at that price area

We know now 5420 and 5425 are good supports

Only hold sells on EA under 5415 and 10 now -

Above 25 and 33 - scalp buys on pullbacks again

 

[sun11]

EJ sell too late - its stalled at 83 for 5 mins - so sell at 81 or 80 with 84 your stop

Lets hope we continue lower though

For me in this trade, target is around 65, upto the last low.

 

[Forexmospherian]

GU

7 39 AM

Another pair being nicely manipulated atm

Key turn area is 4615 to 25

Under there bear bias - but if we dont breach supports at 4560 to 65 - then we will try up again

Easy under 4550 and 45 - sell

 

[Forexmospherian]

For me in this trade, target is around 65, upto the last low.

Can you see 70 to 72 is all support - so unless under 69 - we will not get 65

That how you read it SUn

 

[sun11]

Can you see 70 to 72 is all support - so unless under 69 - we will not get 65

That how you read it SUn

Yes I closed my trade at BE, paying the commission just.
A clear cut cross over & candle is above medium Lrs.

News in 15 minutes.

 

[NVP]

morning all

heres where I am ........signing off in a few mins as calls to make

BUYS - GBP , NZD AUD
SELLS - YEN , CAD , Swissie , Euro

USD - BULL Asian and also has been net BULL London (albeit very rangy)

Best scalping since 6am from

Buying EA , U/J and UChf ......Selling EU

cheers
N

 

[Forexmospherian]

Can you see 70 to 72 is all support - so unless under 69 - we will not get 65

That how you read it SUn

Also low held well over 30 mins

It might try a breach after 50 or 60 mins which is around LO

But also EU news at 8 00 am - so be careful

Not here for 8 00 am back maybe 8 40 am ish

See you later

GL and sun - no under 70 forget EJ sell - under 70 and 65 then hold it longer

 

[NVP]

in last few mins the usd is bull again ..........nice selling on CAD so far only

 

[NVP]

ok gang have a good day ...back later