A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

EJ

11 45 am

131 60 was an interim area and 11 38 am was clues for scalp sell after high

Trouble is for Sun - i worry about you 2 way scalping on live account until you have your confidence and also you trading focus back

Maybe better to stay with scalp buys above 131 00 and 131 20 area if we get stalls and turns that low from scalp sell

Trendline says buy by 131 30 area - needs to line up

 

[Forexmospherian]

EU

11 52 am

Before 1200 R - 1180 was a R but we did test 1185 before it stalled and fell again

Its important now 1150 / 55 holds

 

[Forexmospherian]

GU

11 54 am

The reason we have had so much manipulation on GU this morning is because of news at Midday


Above 4550 / 60 still in bull PS for today session even after a 75+ pip pullback from its high of 4665 area

 

[Forexmospherian]

Just before Pound news in 2 mins

EA - been quite last few hrs - but still in bullPS for session atm above 5440 area

 

[sun11]

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....

Thank you Raja for your call.

That's 200+ pips from now. Really If I earned that..i will recover my losses..
But does it comes with 5 pips SL?

 

[Raja1977]

That is a bold call. I admire your hootspah,

lets see

 

[sun11]

News effect. I am sure Peter have earned lots of pips on GU..It moved 40+ pips.

 

[Forexmospherian]

GU spiked down at news but not bounced back up a bit

Above 4615 and 20 back to buys - under 4550 and 40 - in bear sell land

 

[Forexmospherian]

News effect. I am sure Peter have earned lots of pips on GU..It moved 40+ pips.

Did not scalp it Sun - to risky set up etc and its being manipulated atm

 

[Forexmospherian]

4580 said buy on GU - but we need over 4615 and 20 next to stay with it

 

[sun11]

Thank you Peter for sharing the details analysis of EJ.
I see a clear staircase upward on your chart.
I got the trendline part.

 

[sun11]

Did not scalp it Sun - to risky set up etc and its being manipulated atm

No way, I never ever trade during the news release. Specially when so many big red news are coming.



I am always fearful with news.

 

[Forexmospherian]

GU

12 06 AM

For now under 4610/12 on GU is just sell - need over 15 and 20 to go back buying

 

[Forexmospherian]

Thank you Peter for sharing the details analysis of EJ.
I see a clear staircase upward on your chart.
I got the trendline part.

Every time you get a buy in and it stays above entry and moves up - move your stop to b/e or 1 or 2 pips profit - and then if it moves up say 15 or 20 pips - dont lose more than 10 pips off it so you stop goes to plus 5 or plus 10
then all the stress and worry goes away - you cannot lose

 

[sun11]

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

Good Point.
Noted.
Sometimes market is too fast.But I can use trail stop.

 

[Forexmospherian]

EA

Midday was scalp sell on set up and then with bias at 12 05 pm at 5480 / 2 - we had a scalp buy signal along with many clues##

11 mins later up 23 pips

 

[Forexmospherian]

Most Euro cross pairs been rising after midday again - we need to see new highs on EU and EJ next

 

[sun11]

My EU & EJ both buy trade in profit & Trailed.

 

[sun11]

My EU & EJ both buy trade in profit & Trailed.

All right trailed position got closed with 4 & 5 pips profit. Originally it moved 7 pips max.

 

[Forexmospherian]

My EU & EJ both buy trade in profit & Trailed.

Excellent SUn

MOVE stop up more on one than other to lock more profit in etc

After all profit is what you want 2 pips 20 pips or 100 pips - you dont mind ;-)