A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

Just realised not replied to Sun on how to chose the correct pairs etc for each part of the session

Will do that today Sun and reply in your thread

 

[Forexmospherian]

EO in 2 mins

Notice EU as come to nearly 30 mins with no new high over 1039 /40

 

[Forexmospherian]

EO in 2 mins

Notice EU as come to nearly 30 mins with no new high over 1039 /40

Similar with EA - it cannot get over 5388

Its only one clue - and of course over Opens - all rules go out the window - as the market makers do what they like - and have a perfect excuse - volatility from all the new orders coming in etc etc

 

[Forexmospherian]

GJ

now dropped 70 pips from 6 00 am in last hour

OK - I have just got 16 pips off a scalp sell - thats all - as missed it earlier as not on my normal radar

 

[Forexmospherian]

EA from 7 00 is a scalp buy again - can it make over 92 and 97 ??

 

[Forexmospherian]

EO in 2 mins

Notice EU as come to nearly 30 mins with no new high over 1039 /40

EU

7 11 am

Stayed under high so far and kept to time rules and now dropped over 10 pips - thats a lot on the EU

 

[Forexmospherian]

EA from 7 00 is a scalp buy again - can it make over 92 and 97 ??

Again - like EU kept to time rules on highs and could not get over 88

Turned scalp sells from 82 approx 5 mins ago

 

[Forexmospherian]

Pound crosses

GJ & GU both still scalp sells

Remember we do have red Pound news at 9 30 am

 

[Forexmospherian]

7 16 AM

EA - caught me out - turned scalp bullish again from 70 and now testing high again

Crafty - will only take scalp buys above 92 and 97

 

[Forexmospherian]

7 16 AM

EA - caught me out - turned scalp bullish again from 70 and now testing high again

Crafty - will only take scalp buys above 92 and 97

EA

7 24am

Its a pain this hour - worse than EU atm

GU and GJ been good - EA - really being played with as now it cannot breach above 5400

Its still scalp bullish - but not waiting in buys whilst it goes uo and down 15 pips

 

[Forexmospherian]

Pound crosses

GJ & GU both still scalp sells

Remember we do have red Pound news at 9 30 am

100 pip drop on GJ in under 90 mins

Only got 43 pips off it - but cannot complain - far easier than EA this last 30 mins

 

[Forexmospherian]

Great example this morning how pairs can suddenly drop out of favour

Today - the EA after 7 00 am is not longer my top scalp trade

From 6 am it was great - but after 7 00 am - a real headache catching me out twice

Meanwhile the GJ and EJ ( another pair I dropped down the list) have been nice movers - both dropping - both nice PA

Even the EU as been easier than the EA - and that's saying something - lol

GU- been fine after 7 00 am as well - now at support area like GJ

 

[Forexmospherian]

EA

7 48am

It's redeemed itself now after 7 39 / 40 am - as it stayed in its scalp sell mode and carried on falling again after failing at 5399/ 5400

Under 5377 clearly a sell for now - its down to supports lower to hold any fall

Need back over 5385 and 90 to get me thinking about holding scalp buys on - or taking new ones

 

[Forexmospherian]

GJ

7 53am

155 75 to 90 - all supports now

Can only really sell again under 70 and 60 - above 156 15 + favours a turn back up

 

[Forexmospherian]

GJ - 8 mins of pure perfection on Tick Set Up at a Key Time

GJ

7 53am

155 75 to 90 - all supports now

Can only really sell again under 70 and 60 - above 156 15 + favours a turn back up

8 07 am

Now London open and I have just had a great set up give me approx 30 pips in 5 minutes and then exited 70% and left with stop at 156 06

OK -its the beast - GBP / JPY

My spread was under 2 5 pip and with commission still only mid 3 pips - so on any move over 15 pips - it's well worth the extra 2 pips + over the normal low spread pairs

Its now made from 7 51 am made 80 pips in 9 mins and then topped with a 30 pip fall in 4 mins

Very hectic - not for the inexperienced - especially at London Open

Here's the view approx 3 min before the Open - it then went up another 55 pips in approx 2 mins



You have to be in it to win it - and even at 30% the last approx 42 pips I caught was heaven

 

[Forexmospherian]

GU

8 10 am

Whilst the GJ was going ballistic - the GU did similar and bounce up approx 35 pips after 7 51 am - a KT

Unfortunately - did not catch one pip of that move - shame - but still pleased with my 8 mins spent on the GJ

 

[Forexmospherian]

Not used to London Open first 15 mins as normally only here maybe twice a week due to family commitments with school runs

Missed out on 8 09 am scalp buys on EU and EA

Need another coffee and a bacon sarnies next

 

[Forexmospherian]

8 09 am - another key time at end of hour time window also confirmed scalp sells on the GJ

Its now fell from 156 40 approx 28 pips - again only caught part of this - so much going on

Under 156 29 - on bounces still a sell again

 

[Forexmospherian]

EA

8 18 am

I think we should be able to scalp sell this bounce under 5368 /75 area?

Need all to line up and dont just jump in - patience

 

[Forexmospherian]

EA

8 18 am

I think we should be able to scalp sell this bounce under 5368 /75 area?

Need all to line up and dont just jump in - patience

5369 interim high

66/7 was the scalp sell - 3 mins into time window