A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

7 03am

European Open now and I have been trying to scalp buy the EJ after 6 51 am and the spike at 7 00 am did not help

Need over 96 to stay with buy from 84/5 - otherwise I will pull

 

[Forexmospherian]

EU

7 07am

Its currently a scalp buy above 0858 - but its so slow -- even on a tick chart - I am jut not bothering with it so far

 

[Forexmospherian]

EA

7 09am

Low held now over 30 mins and EJ was a scalp buy from after 6 51 am - but EA did not join in to 7 00 am

So far from 7 00 am EA moved up just over 20 pips - - thats why it gets preference cmpared to the EU on the scalping list

 

[Forexmospherian]

OK - off out after 7 40 am today - could be back before 10 00 am all depends on a few things this morning

Will pop back before I go to just update

Dont forget again 9 30 am news on Pound again today

 

[sun11]

Good Morning All,

Looking at the EA. Just made 5 pips on BUY. But too bad closed early. I could earn 10 pips.
Now i feel it will correct. Buy land above 4880.
But sell area below 4843 TD.

Regards

 

[sun11]

EA Buy trade is on from 4853.
Closed that at 4855. EA double top...EA is making me unlucky.

 

[Forexmospherian]

Good Morning All,

Looking at the EA. Just made 5 pips on BUY. But too bad closed early. I could earn 10 pips.
Now i feel it will correct. Buy land above 4880.
But sell area below 4843 TD.

Regards

Morning Sun

On EA we had the low at 4825 held over 30 mins with HL around 40 ish - so with a trendline you have an extra clue on what should happen with the next moves

Really we need over 66 and 73 - and my cut off on buy bias would be around 46

Out earlier today Sun but then will be in for at least a couple of hrs before US session

Stay focused and think of youd daily P & L - dont forget your disclplines and pace your self for a busy 8 00 am to at least 10 am this morning with GU news at 9 30 am

GL

 

[Forexmospherian]

7 33 AM

So far slow this morning - exception maybe the GJ - other pairs not really doing much

Glad I am off out - but I am sure it might change after the London Open hr

Good Luck all


F

 

[NickBk]

Pips from EA and more from GJ but one of the quieter mornings of late.

 

[sun11]

Morning Sun

On EA we had the low at 4825 held over 30 mins with HL around 40 ish - so with a trendline you have an extra clue on what should happen with the next moves

Really we need over 66 and 73 - and my cut off on buy bias would be around 46

Out earlier today Sun but then will be in for at least a couple of hrs before US session

Stay focused and think of youd daily P & L - dont forget your disclplines and pace your self for a busy 8 00 am to at least 10 am this morning with GU news at 9 30 am

GL

Thank you Peter,

Currently i am at -2 pips loss. DId something bad with EA in last trade. Was buying but loss of 7 pips on a certain movement. Anyway Now sitting tight.

EA is not in a good mood.
Will take a 30 minutes break.

Have a nice day..see u..
Regards

 

[sun11]

Currently EJ is very disappointing. Its standing on lits zone. I risked 8+ pips for this trade. But not yet its providing me at least 8 pips profit.
Sell position from 123.90
Target hardly 10 pips or less as TD is coming on it's way.

 

[sun11]

Currently EJ is very disappointing. Its standing on lits zone. I risked 8+ pips for this trade. But not yet its providing me at least 8 pips profit.
Sell position from 123.90
Target hardly 10 pips or less as TD is coming on it's way.

All right made 9 pips with it.

 

[Forexmospherian]

10 57am

Hi guys - only popped in for 20 -30 mins

Not been that busy morning really - although the Pound crosses have been fairly busy

Perfect false set up on GU at 8 00 London Open

A new high of 4106/7 - then a 70 pip retrace to take out all the buyers -

Similar on GJ from 7 58am high - and then a 100 pip fall

All pre news set ups - all rigged and planned by the bigger boys - but thats trading

Similar high on EA so far this morning just around 8 30 am and it was a sell off after 8 39 am


Missed most of these moves as been out pre LO.

Very quiet morning for me so far trading

 

[Forexmospherian]

Looks like I need to just take scalps and be happy with 5 to 15 pip moves until we get the bigger moves

Not scalp bought EU but have EJ from 10 54am and anything over 96 is a bonus from 88/9

We have 2 red news releases on the US dollar this afternoon - so hopefully we have a busy US session

 

[Forexmospherian]

Gu as been a scalp sell with GJ at 11 00 am hr change - but they need to breach a near interim supports to get a move over 10+ pips

 

[Forexmospherian]

Hope to be around after 1 00 pm and news at 1 30 pm and then 3 00 pm UK time

 

[NickBk]

Not the busiest days here either, still over 100 pips on GU GJ and EA. More on GJ.
After the last few weeks it seems very slow today, even indices not doing much.
Having a few hours off to do other things and back for a look from 13.13-15.00 will be my lot unless we end with a few partials.
Good luck all.

 

[Forexmospherian]

Pound Crosses - GU

Gu as been a scalp sell with GJ at 11 00 am hr change - but they need to breach a near interim supports to get a move over 10+ pips

GU

1 07pm

Back for US news at 1 30 pm and will then be around for 3 00pm and further US news

GU as been the pair for me over the last 2 hrs

The scalp sell became a buy after Midday - but really only started moving well after 12 10 and 12 21pm

Here's a tick chart view - cannot go a full day withOUT a pretty coloured squiggly line chart

 

[Forexmospherian]

Red news release on US Dollar in approx 5 mins time

Depending on impact - I might only stay around for 15 mins and come back then after 2 30 pm

 

[Forexmospherian]

Pre news - EU is a scalp sell under 0907

Will it be the saame in 2 mins ?