A Master Class in FX Intraday Trading by F & Co

[sun11]

Sun

at 8 03 am when you posted you should have spotted it had peaked at 78 and a LH might happen

It did aand 8 04 to 8 06 am on UK time was sells

I worry about those MT4 charts and the accuracy of the both time and price axis's - as you know

Yes my mistake I missed it. Very bad..lits was right...I missed the LH

 

[Forexmospherian]

8 30am

Update

I started late this morning -

Its now been an hour approx since i started trading

5 trades later - I am over my daily target - thanks the the GJ - GU and EJ

Notice no EA so far - Pound crosses just looked better after 7 30 am when I started

OK - plan to pop back in after 9 30 am and then might have morning off - all depends on PA and movements
#
Will be around for Pre NFP and a couple of hrs in US session

Please feel free to comment and post your charts and assist with ideas for Sun and all other traders trading FX intraday

See you later guys

 

[NVP]

hey all

bit scrappy this morning .....but got a few good scalps in earlier

EA has been my lead scalp (sells)...looking now its taken nearly 50 pips out of market from 6am

others ..........

GBP has been volatile ...........buys and sells been possible ...more recently selloffs .............................scalping into Usd (now solid conformed bull since 7am)

Euros had a bear London session .again more recently E/J and E/U sells working

have a good day ...........its still warming up really as not huge pip moves yet happened

busy now ......cheers
N

 

[Forexmospherian]

Yes my mistake I missed it. Very bad..lits was right...I missed the LH

I would love you to dump MT4 / 5 - but that would not be the main solution

The main solution is to speed you up and get away from fixed targets and all you learnt as a swing trader

Speed and quick thinking and total focus is so important

BUT

Its does get easier after 10k hrs of trading at the coalface etc etc


See you later as need to pop out before 9 00 am

 

[Forexmospherian]

hey all

bit scrappy this morning .....but got a few good scalps in earlier

EA has been my lead scalp (sells)...looking now its taken nearly 50 pips out of market from 6am

others ..........

GBP has been volatile ...........buys and sells been possible ...more recently selloffs .............................scalping into Usd (now solid conformed bull since 7am)

Euros had a bear London session .again more recently E/J and E/U sells working

have a good day ...........its still warming up really as not huge pip moves yet happened

busy now ......cheers
N

Morning N

You picked a good day to miss yesterday - it was hard work and slow

Hope to see you around later

Regards


F

 

[NVP]

Sun

at 8 03 am when you posted you should have spotted it had peaked at 78 and a LH might happen

It did aand 8 04 to 8 06 am on UK time was sells

I worry about those MT4 charts and the accuracy of the both time and price axis's - as you know

hey Sun ............don't blame yourself on these calls like this ........I don't take these trades as its specialised stuff here from F

to me I see a Bear GU Sell from 7.30's (whoch I took anyway)....then a solid push back up into 8am bar ...........earliest for me back in selling in would have been 8.10-8.12 .................F walks on water in these scenarios ........his experience gets him in usually 5 pips at least before I press the button :smart:

and he still does on me ...so don't lose sleep

N

 

[NVP]

Morning N

You picked a good day to miss yesterday - it was hard work and slow

Hope to see you around later

Regards


F

yep ............hard slog ........but it was good to get some screen time in after a few days absence from screens :smart:

later

N

 

[Forexmospherian]

SSSS - Sync Sweet Spot Scalping - EU & EJ

10 45am

Anybody who has been following me for over 2 years would have heard me mention - Sweet Spot Scalping ( SSS)

Its a scalp at a interim low or high at a key time in a key window that moves with near PA and makes you 10 -15 - 20+ pips all ideally within 9 -10 mins

Over this last year and now for the first time this morning I have had 2 X SSSS

ie 2 lots of simultaneous sweet spot scalping on 2 or 3 pairs at the same time

First one early on this morning was with the GU and GJ

The second one from 10 22am in last 20 odd minutes was on the EU and EJ for me - with also the EA doing the same - but I missed the start of that one

As you might expect - so far the EJ as moved the most - over 15 pips but the EU as not been bad = nearly 18 pips - and the EA started off quickly the first 5 mins - but I was not in it - so cannot count it

Scalping 2 pairs simultaneously is difficult - but not really mastered 3 pairs - and therefore need more practice

Check out EU - EJ - EA after 10 22 am and the sets ups were so similar

 

[Forexmospherian]

11 40pm

EU and EJ scalps from 10 28am onwards still trying up atm

Will pop back after Midday and hope to be around for 1 30 pm news and then do 90 mins in the afternoon

F

 

[Forexmospherian]

SSSS - Midday

EA was better than EJ - EU did not bother with on scalp sell on the hr change

 

[Forexmospherian]

EA was better than EJ - EU did not bother with on scalp sell on the hr change

EA scalp sell started before Midday - but nice quick scalp

http://www.trade2win.com/boards/att...s-fx-intraday-trading-f-co-ea-4316-midday.png

 

[Forexmospherian]

EA - Sells after Midday

EA scalp sell started before Midday - but nice quick scalp

http://www.trade2win.com/boards/att...s-fx-intraday-trading-f-co-ea-4316-midday.png

Part 2

Continuation of tick chart

 

[Forexmospherian]

1 19pm

Main news in 10 mins approx

Hope to get a scalp going after 3 mins or if not by 9 mins

Out by 2 00 pm and then will just pop back in for an hr or so before 5 00 pm

What ever happens from news - be careful it does all change after 3 00 or 3 30 pm

No more red news later on as an excuse - but remember the markets love setting up false sentiment


GL

 

[Forexmospherian]

1 30 pm


Dollar strength atm

 

[Forexmospherian]

Normal stuff - many broker platforms playing up - 2 of mine are ;-(

 

[Forexmospherian]

Normal stuff - many broker platforms playing up - 2 of mine are ;-(

Lol - only live account platforms - demo's / simulated do not have the same problems - thats for my alternative fans in case they are finding trading easy - but I doubt it

 

[Forexmospherian]

For a NFP red news release - its such a minor move so far - anything under 100 pips in under 2 mins or so is just nothing like the old days

EU dropped only approx 70 pips

 

[sun11]

I would love you to dump MT4 / 5 - but that would not be the main solution

The main solution is to speed you up and get away from fixed targets and all you learnt as a swing trader

Speed and quick thinking and total focus is so important

BUT

Its does get easier after 10k hrs of trading at the coalface etc etc


See you later as need to pop out before 9 00 am

Good afternoon,

Yes you are right dumping MT4 will not be the main solution. MT4 charting was not my problem.
Problem was as you mentioned swing mindset & controlling urges. This will take time in my case. There is obviously no magic pill to change these things overnight. Only constructive plans & mouling those plans into habits can change things. I am doing my homework side by side to kill the whole urge thing...

Today I am more than 20 pips loss. So I stopped trading. Done for this week.

Have a nice weekend..
Regards
S.

 

[Forexmospherian]

EU

1 39PM

It needs to stay under 0935-40 to be able to sell again and then breach under 0880 etc to stay as a down rally


Above 0945 and then staying over 0920 means we might try above 0960+ again

GL

 

[Forexmospherian]

Good afternoon,

Yes you are right dumping MT4 will not be the main solution. MT4 charting was not my problem.
Problem was as you mentioned swing mindset & controlling urges. This will take time in my case. There is obviously no magic pill to change these things overnight. Only constructive plans & mouling those plans into habits can change things. I am doing my homework side by side to kill the whole urge stuff...

Today I am more than 20 pips loss. So I stopped trading. Done for this week.

Have a nice weekend..
Regards
S.

Hi Sun

Well the main positive points are that your recognise your main weaknesses and are addressing them - so thats very good Sun

Also you are more disciplined with you money management - which is key - its focus - speed and keeping you emotions and mind clear in the heat of the battle

It takes time as you already know - but still think within another 1 month you will make more major steps forward etc

Yesterday and really today have not been easy - so thats another point to bear in mind

You relax and enjoy your weekend

Regards


Peter