A Master Class in FX Intraday Trading by F & Co

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Sorry Not been mentioning my favourite EA today

I am worried that I might encourage followers to intraday trade it - and if they are confident and can scalp OK - no problem - but if not it is a rodeo ride and can if you catch it wrong soon catch you out

Also you might need 7 or even 9 pip stops all depending on your spread cost

It as fallen over 150 pips in just over 1 hr - nice fall - not caught all on partials - but done OK
 
3 30 pm Update

Super mad last 30 mins

EU next supports from 1140 to 1160 area

We need to stay over 1100 at least to keep with the HL's on the larger frames etc - ie 4 hrs plus

The MARKET is brilliant at catching traders out

New high yesterday - get the bulls in

Today like 170+ pip lower - brilliant big boy manipulations and the 5 -8% of all the retail traders who are part of the big cake are just ants - and trampled on while 5 + banks who control over 50% of FX markets - smile.

please forget this 100,000's traders trading against each other lark - you could have 500k of retail trader all buying - and one player could just stop them all out - simply down to money and size of Capital etc etc
 
EU

Just after 9 00 pm and today its been 140 + pip drop and then a 140 pips move back up after 3 30pm this afternoon

EA - 300 pip drop and 200 + pip back up

Crazy day - missed a lot of it really - was out in morning and have left partials on up to after 4 00 pm

Even the last 3 hrs been good but finished before 6 00pm

Sorry about this week - busy one going on at home and with family and so might not be around more than a few hrs tomorrow and Friday

See you first thing Pre Opens


Good Trading#

F
 
Thursday 11th February 2016 - Pre Opens - Approx 6 25 AM

Good Morning to all FX Intraday Traders

More Important US Dollar news over UK Lunchtime but fairly quiet this morning

Most pairs atm in ranges etc - EA busy - sell at 6 09 am and a scalp buy at 6 19 am and now within 20 mins up 21 pips in approx 23 pip range - its the first pair I go to in the mornings if the others are flat

Not going to be around too much today again - sorry about this but only about for another hour and then hope to get another hr before midday and then maybe 2 hrs this afternoon - split for news and then after 3 00 pm

Can EA get over 5940 next for me to hold part stake on EA ??

Have a good day and please feel free to join in etc


Good Trading



F
 
EJ

6 30am

6 20 / 21 am was a scalp sell from 127 22 and now 9 mins later - we have dropped 23 pips within 4 mins and just thinking about more atm


EJ is in a bearish PS under 128 40 for now - with supports at 127 00 area first
 
EU

6 37am

Back up in the 1300 price area - high in night at approx 1319 - a LH to other day of 1338.

Bullish PS above 1250 and 1270 for now - so can we try over 1325 and 45 ??

Too early to say - we have the tricks to deal with first over the 2 Opens at 7 am and 8 am - then we might get more clues etc
 
Forexmospherian said:
EJ

6 30am

6 20 / 21 am was a scalp sell from 127 22 and now 9 mins later - we have dropped 23 pips within 4 mins and just thinking about more atm


EJ is in a bearish PS under 128 40 for now - with supports at 127 00 area first
Click to expand...

EJ

6 40 AM

Now under 127 00 and testing 126 88 - so far over a 30 pip drop in 16 mins

Thats what we want ;-))
 
GU

6 45am

We need to stay above 4470 / 80 to have a chance of staying in a bullish price channel and then try back over 4560 / 80 and 4600

Its in pullback mode atm with supports at 4500 and 4515 ish and was a scalp sell after 6 21 am
 
Forexmospherian said:
Good Morning to all FX Intraday Traders

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

Most pairs atm in ranges etc - EA busy - sell at 6 09 am and a scalp buy at 6 19 am and now within 20 mins up 21 pips in approx 23 pip range - its the first pair I go to in the mornings if the others are flat



Can EA get over 5940 next for me to hold part stake on EA ??





F
Click to expand...

EA

6 56am

It never made over 5938/9 and so could not keep part stake on buy and after 6 30 am it then went back to scalp sells under 35 and 33

Now down to 5906 - will 5900 hold it ??

EO in 4 mins - so be careful
 
Forexmospherian said:
6 58/ 7 00 am was a scalp buy on EJ from around 127 00
Click to expand...


Also same on GU - too much happening at same time - just cannot scalp more than 1 or 2 pairs in peak times -so inevitable I will miss out on pips etc

Still a very good first hour - so happy

Again EA providing over 70% of my pips - went down to 5860 so far but only on 30% last 7 mins or so
 
7 09am


EJ low held over 30 mins now - so after apullback from 129 17 area - maybe another scalp buy above 129 93/ 95 area
 
7 12 AM

EA

This pair is just such a great mover - after a 5860 low it bounced and after 7 02 am went into a scalp buy

I exited my 30% stake sell - and then managed to catch 22 pips of a 40+ pip move back up - all within approx 6 mins or so - thats along time in scalping ;-)

Need a break and a coffee etc

Out at 7 45 am and then might not be back to after 10 00 am or later
 
morning all

nearly done for today ...........heres the moves so far

BUYs - London is AUD and CAD bull..........and Yen
SELLS - STERLING dumping BIG .....euro also bear now with swissie

usd swinging.......

pair wise the AU has been the buy and the EA the main sell ....

N
 
AU now only 20 pips up from 6am but has been a nice earner for me
 
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