A Master Class in FX Intraday Trading by F & Co

[NVP]

usd is bull hot to trot ...........really would like something othet than GBP selling ............taken it but last scalp of morning running now

 

[sun11]

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

Yes 30+ Minutes, Notice it now. Also for EJ buy if in case move up then above 130.90 will be reasonable.
Thanks..me out too..
Back after lunch.

Good day..

 

[NVP]

lotta transitions from 6am core trends now .........good luck all

N

 

[sun11]

By the time I type this Ej is up for 10 pips. TD break upward.

 

[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

right off the bat the yen has delivered a big bear move ...........beautiful ......took the Euro buy....little risky as shes net bull London but usd was over cooked

nice finish to session ....signing off

n

 

[Forexmospherian]

8 40 am

Starting again after 9 00 am with an update

I will say Sun - I cannot always be here in key London Open Hour as school runs 3 or 4 days a week - but really 8 00 am to 9 00 am is a major hour for trading - and I would alway advise you to look at that hr as a key trading time whilst getting experienced

It does not matter after a year or two on my method - as I can take money out money out of most hours between 6 00 am and 5 00 pm UK time - but for you at your stage - its an important hour to catch nice moves for your 25 pip targets

1 good hour can be worth the same as a bad 3 or 4 hr slow period

 

[Forexmospherian]

9 00 am Update

GU now up at 4650 area

 

[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

Worked out nicely

No breach under 4560 and over 4615 and 25

 

[Forexmospherian]

EU

6 33 am Update

Dont say this often on EU - range 1145 to 1019 - say 125 pips - what 125 pips - normally its more like 12 or 25 pips ;-)

So above 1020 this morning session - still in a bull bias - need under there to go bear and larger sell off

Above 1145 + more buys - 1105 goes bull PS more - under 1050 more into the start of bear land - still over 55 pips there to play in

Like the EA - after 6 00 am was a scalp sell - did not take it though as preferred EA and so far EU only dropped 8 pips -- over 27 pips on EA in similar time

EU

My comment from over 3 hrs ago

pullbacks now from1160 70 are staying above 1120 are buys again

Over 1175 and 90 more buys

Out next and back maybe 11 00 am ish or so

Gl

 

[sun11]

8 40 am

Starting again after 9 00 am with an update

I will say Sun - I cannot always be here in key London Open Hour as school runs 3 or 4 days a week - but really 8 00 am to 9 00 am is a major hour for trading - and I would alway advise you to look at that hr as a key trading time whilst getting experienced

It does not matter after a year or two on my method - as I can take money out money out of most hours between 6 00 am and 5 00 pm UK time - but for you at your stage - its an important hour to catch nice moves for your 25 pip targets

1 good hour can be worth the same as a bad 3 or 4 hr slow period

Ok I will be there during that time.
Need to adjust my lunch time..I missed the EJ last 30 minute move. Its was one directional.
But then now entered & got stopped out for 6 pips.

Again Re enter, Any upcoming resistance on EJ?
I have EU buy trade online too.

Regards
SUN

 

[sun11]

On EJ, I was 8 pips up.. But then a sudden bad candle -5 pips out, EU closed at +2.

 

[sun11]

This time no mistake sold EJ from 35 & closed at 7 pips profit.
But its falling more down.

 

[MajorMagnuM]

this time no mistake sold ej from 35 & closed at 7 pips profit.
But its falling more down.

thats a breakout trade m8 = fodder. What about 43 at 10.09

 

[sun11]

thats a breakout trade m8 = fodder. What about 43 at 10.09

Morning MM,
Yes 10:09 was the best...
Just earned 5 pips with EJ...Now it's in range.

 

[Raja1977]

for all members ... go for buy EU .... it will hit 1.14000 before closing today .... Remember my words....

 

[Forexmospherian]

EJ - This Morning - For Sun

Also low held well over 30 mins

-------------------

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

EJ

11 30 pm Update

Before LO at 8 am - Sun had sold the EJ at 78 after a LH at 82/3

The low then was 65 ish and that was her target

Trouble was - before 65 was interim level supports at 70 - 72

So unless we made under 70 - the low of 65 was never on - and no more selling

Other clues - low held over 30+ mins

Ideally we needed above 130 90 and then over 131 00 to go back into buy land

Now over 3 hrs later - we have never dropped under 70 or 80 even and price as made 131 52 so far

As Sun bought at all - if not at start above 70 - after 80 or 90 or after 131 00 ??

Or lets then say after 131 05 - or 131 15 - all levels that are interim obstacles of being R's on way up based on stalling

The big question is - if we are in a bull bias above 131 00 + - scalp buys have the highest probabilities - but when you work with tight stops - timing of entries are key

You dont want to scalp buy after price as moved up 6 or 8 pips - its due for a pullback - you need to scalp buy above a support level after it turns up 1 to 2 pips

Here's my chart

So many entry points to scalp buy in a bull bias

Now lets here Sun's side of the up move next - so that we can understand her trading thoughts and issues

Big clue - if price never goes under your entry by more than 2 or 4 pips and you move up then 6 pips - why is your stop not at B/E or in 1 pips of profit - so if it does not continue up 10 or 25 or 40 pips - you cannot lose - ie no pressure no worry - just a win / win

 

[Raja1977]

for all members ... go for buy EU .... it will hit 1.14000 before closing today .... Remember my words....

 

[Raja1977]

specialy for sun ... its time to recover your losses

for all members ...

go for buy EU ....

it will hit 1.14000 before closing today ....

Remember my words....

 

[Forexmospherian]

for all members ... go for buy EU .... it will hit 1.14000 before closing today .... Remember my words....

Morning Raja

That would be good - no 2 ways about it - have you factored in US and other news over next 3 to 7 hrs ?

I agree the EU is bullish - but before 1400 I see at least 6 obstacles that could stop it rising further

Every Obstacle or R area we breach by over say 10 pips can the become an interim supports etc

Natural R's are at 1200 and 1300 - before 1400

Normally market makers will try and push above 10 to 20 pips to get more bulls in / buyers etc and then fry them with a 50 -100 pip pullback

Ok we can then look to buy again - but even if George Soras or Warren Buffett said the EU will make over 1400 to day - I would not trust or believe them

Yes it could happen - lets review every time we move up another 50 pips and see how its going

For now would only hold sell under 1148 - above 50 and 60 still in scalp buy mode

GL and Good Trading

F

 

[trendie]

specialy for sun ... its time to recover your losses

for all members ...

go for buy EU ....

it will hit 1.14000 before closing today ....

Remember my words....

That is a bold call. I admire your hootspah,