A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

7 30 am on EJ was a bit of a spike down from a bot triggering off sell

Perfect from 47 - I only got in at 44 - slow

Understand what you say N on AU comment

 

[Forexmospherian]

Another point on dollar index as well N

You have identified dollar strength which is fine so far from 7 00 am UCad and even before UChf buys - but UJ as been falling - ie not all dollar leading pairs move in sync etc etc

I know the yen crosses cause you a problem here as well - so after you have the dollar bias off an index - you need to use independent charts then for each pair ideally 1 min ones with basic LRs - were are far better than MA's

 

[NVP]

Good Morning Mr MM

Well Done

Decent target and also noticed you called it yesterday in advance of the move

I am sure some dipsticks will say - he had 2 demo account and used the one the made the profit to show

But then that shows the level of the dipsticks mentality - they just don't think its possible to make trades with very high probability - as well as accuracy

Still - we can only offer to assist - as Sir G has said on more than one occasion-

You can lead a horse to water ....... but................



Have a great day - but then you will

Regards

F

hey Guys

lets keep it on focus here and ignore the dipsticks as agreed with mods etc......

MM slow down with the profits dude ..........some of us oldies havnt even warmed up our Zimmers

N

 

[NVP]

ok target hit .

U/J ............nice dude

 

[Forexmospherian]

EU - Update prior to LO

EU

my first scalp sell as documented was 6 49 / 6 50 am at 1289 area

I scalp bought at 7 09 am and left with 7 pips after being up nearly 10 pips

We now have more clues

A scalp LiTs at 1282/84 area

I below both prices favours sells and lower

Above both prices favours more scalp buys and higher

2 pip area - is that acceptable for some

Well 7 39 aam was a HL and 7 40 am a scalp buy

will it get over 1284 to stay with it ???

 

[NVP]

hats off to F on those AU calls

here they are with indexes below and 3 LR's on chart

white 9
orange 18
red 37

(Mt4 FXCM UK Live)

...AU is not my speciality

as stated I am mainly on the usd buy orientated signals so wouldn't have taken these ...even though the AUD is bull as well .........I was more interested in what other currencies were showing sell (Bear) signals on this usd bull phase above

N:smart:

my focus here as USD bounced earlier...............i'll attack europeans as first choice and GU(Shown) and Euro sold off ...then cad as supersub

cruising along today ............no need to go mad for targets.......they will come when they come :smart:

N

 

[Forexmospherian]

my focus here as USD bounced earlier...............i'll attack europeans as first choice and GU(Shown) and Euro sold off ...then cad as supersub

cruising along today ............no need to go mad for targets.......they will come when they come :smart:

N

I did not like GU and its PA up to 7 00 am

After 7 20 am its been nice and with a nice 16 pip approx fall so far

Bounces staying under 5305 are then sells again atm

GL

 

[MajorMagnuM]

U/J ............nice dude

cheers!

 

[NVP]

Another point on dollar index as well N

You have identified dollar strength which is fine so far from 7 00 am UCad and even before UChf buys - but UJ as been falling - ie not all dollar leading pairs move in sync etc etc

I know the yen crosses cause you a problem here as well - so after you have the dollar bias off an index - you need to use independent charts then for each pair ideally 1 min ones with basic LRs - were are far better than MA's

yep - agreed

 

[NVP]

I did not like GU and its PA up to 7 00 am

After 7 20 am its been nice and with a nice 16 pip approx fall so far

Bounces staying under 5305 are then sells again atm

GL

agreed - it wasn't perfect on early phase ...........5315 was the high but a choppy bugger early on

 

[Forexmospherian]

EU

my first scalp sell as documented was 6 49 / 6 50 am at 1289 area

I scalp bought at 7 09 am and left with 7 pips after being up nearly 10 pips

We now have more clues

A scalp LiTs at 1282/84 area

I below both prices favours sells and lower

Above both prices favours more scalp buys and higher

2 pip area - is that acceptable for some

Well 7 39 aam was a HL and 7 40 am a scalp buy

will it get over 1284 to stay with it ???

How's my EU scalp buy from 7 40 am going ??


Stopped at 1283 for now - a 11 pip move up and 70% off already

If we make over 85 and 89 I stay with 30% stakes - otherwise will pull by 73/4 - as still in profit there

 

[Forexmospherian]

I did not like GU and its PA up to 7 00 am

After 7 20 am its been nice and with a nice 16 pip approx fall so far

Bounces staying under 5305 are then sells again atm

GL

GU just touched 5280 and that is a support area normally - 75/80

i reckon would need under 72 and 67 to stay with sells longer

 

[Forexmospherian]

How's my EU scalp buy from 7 40 am going ??


Stopped at 1283 for now - a 11 pip move up and 70% off already

If we make over 85 and 89 I stay with 30% stakes - otherwise will pull by 73/4 - as still in profit there

EU

8 00 am LO and a key time at 8 01 am

Did we make over 84/5 and 89 - NO

Did we fall under 1282 - YES

what time was it - 8 00 am LO

When did quick LRs cross for sell - 8 00 - 8 01 am

What do you do under 1280 ? sell

Whats the price now at 8 09 am - 1263

What happened to 30% partiAl buy - out at 76 - but it was 30% stake - scalp sell at 100%

So first 3 pips or so of fall - only 70% gain then under 76 to 60 now - 100% stake gain

I hope that makes sense - but - dont try it before stage 4 or 5 please - stay with simple stages first

 

[Forexmospherian]

EU - After LO - 8 00 am

EU

1 MIN CHART AT 8 17 AM

Sells advised under 1283 anyway and then under 80 and LRs confirmed a 27 pip drop so far

 

[Forexmospherian]

8 21 AM

GU stalling at support area 5280 ish

Scalp buys need over 96 and 5300 to stay with them

Need under 77 and 72 to take new scalp sells

 

[Forexmospherian]

EJ after 7 30 am and 8 00 am

7 30 am on EJ was a bit of a spike down from a bot triggering off sell

Perfect from 47 - I only got in at 44 - slow

Understand what you say N on AU comment

How that EJ scalp sell from 7 30 am and 135 44 doing ??

Well some partials made me 31 pips so far but scalp buy after 8 21 am for a bounce

 

[NVP]

EU was a cracker so far !

I called the usd rise earlier right?...........from around 6.50 i've been stalking anything woth trading against a bull usd situation

heres the Euro story ......second attack at 8am is a stormer .......I didn't think usd would hold the course but it has now for nearly 2 hours so that's a result

N

 

[Forexmospherian]

EU was a cracker so far !

I called the usd rise earlier right?...........from around 6.50 i've been stalking anything woth trading against a bull usd situation

heres the Euro story ......second attack at 8am is a stormer .......I didn't think usd would hold the course but it has now for nearly 2 hours so that's a result

N

Well done N

This is next stage - but EU and EJ also been in sync on some of the falls

So when that happens stronger moves

Pip fest - money fest as well

Sad - but will miss GU news at 9 30 am - as out at dentists - double pain

Hope to be back after 11 00 am I reckon

Will update more around 9 00 am etc

Keep it up

 

[Forexmospherian]

EU

my first scalp sell as documented was 6 49 / 6 50 am at 1289 area

I scalp bought at 7 09 am and left with 7 pips after being up nearly 10 pips

We now have more clues

A scalp LiTs at 1282/84 area

I below both prices favours sells and lower

Above both prices favours more scalp buys and higher

2 pip area - is that acceptable for some

Well 7 39 aam was a HL and 7 40 am a scalp buy

will it get over 1284 to stay with it ???

That was pre 8 00 am and we needed above the red R zone to stay with buys

Now 8 42 am

Look at updated EU chart - nearly 40 pips down under red zone

 

[Forexmospherian]

9 00 am Update

8 51 am was scalp buy on EU for a pull back

Not going to be around next couple of hours ( dentists)

Will miss the UK Pound news at 9 30 am

GU needs back over 5330 and 45 etc to go back into a bull PS under 5295 and 85 its a bear PS

EU - maybe its time to range again from 1240 to 1280 area - ie 40 pips

Under 1235 and 30 add scalp sells etc - above 1282/4+ stay with scalp buys for another try over 1300

UChf is in more bullish PS than UCad for now

AU still in bullish PS above 7010 and 7015

You know the scalp times - you know what you need on your set ups

Will not be able to answer any questions to after 11 00 am

GL and stay focused

All the best


F