A Master Class in FX Intraday Trading by F & Co

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UJ

3 08 pm

Missed a perfect scalp buy at 2 51 pm from 119 87

Really need to see over 120 03 to stay with any buys now though
 
Need over 87 to stay with buy - so far made 80

Will exit 30% sell if we make over 87 - otherwise scalping against it on 100% stake for now

3 14 pm

Yes I dumped the 30% sell - that had approx 70 pips of profit in it

So far on scalp buy - 12 pips at 70% and 16 pips at 30%

Would need to see back under 5370 to come out 30% buy stake
 
I have just been looking at EA so missed opp to scalp sell GU at 90 on 100% - and that would then be against a 30% stake on a buy

Who says you cannot gain both ways when you are in a buy and a sell - all depends on stake size and scalping accuracy
 
3 34 pm

After 3 00 pm we have seen rises on the GU - and also EU / EJ / EA -

Meanwhile the UChf / UCad / UJ all have seen falls again

EU not done bad really with a 20 pip rise in under 30 mins - not quite as many pips as the GU rise though
 
3 38 pm candle / bar on EU was a strong bullish one 8 pips in a minute - is it setting itself up for a sell next

Price now at 1270/1 and yes a pullback for the ultra quick scalper brigade
 
3 51 pm and GU touched 5300

a 27 pip rise from a scalp buy just before 3 00 pm

Above 87 still scalp bullish for now - but only on 30% stake again off last buy
 
4 00 pm

EU

Price at 1278 ish and all I see is interim R's from 1280 to 1300 ish

Good supports from say 1245 to 55 area as well - so guess we might go into boring stage next - all depends if it can breach levels both side of current price

Not going to trade up to 5 00 pm as plan to pop back in later for 7 00 pm red news etc
 
GU

4 05 PM

Looks as though 5300 and 3 51/52 pm was a good scalp sell - as price taken me out my 30% stake on last buy at 86/7

Worth watching time rules on 5300 next
 
4 24pm

GU

Typical - dumps me out of my 30% stake buy - although stop was in a nice profit and then after 4 09pm starts another scalp buy leading to a new afternoon high of 5309 so far

EU also similar scalp move taking price up to 1292

Can we make over 1303 + ??

I had all R area here so wanted to sell but really above 75 still in a bull mode atm

Back now sometime later and again after 6 45 pm
 
F do you move your stops on 30% stakes to entry as soon as your 70% are closed in profit?
 
F do you move your stops on 30% stakes to entry as soon as your 70% are closed in profit?

Normally to 2 to 3 pips of profit - so if stopped out still got a slight profit

But i do add to partial stakes with new scalps and then leave more 30% on - so over say 100 + pip move I could end up with 3 or 4 X 30% stakes after 4 scalps in same direction

Great example this afternoon GU at 2 59 /3 00 pm

Still got 2 x30% stakes on now and at one time had 3

So far it moved up 60 pips from my original first scalp buy

Hope that helps

Regards


F
 
Euro - Aud Today

EA

6 34pm

1 min LR chart with LiTs area from this morning

A 200+ pip day if you focused on scalping this pair through out the day - or even 400+ pips if you P & P 'd with buys early on and sells after 10 00 am onwards

No - not made 200 + pip off it - but have made over 200+ pips off all my pairs today


201964d1444325854-master-class-fx-intraday-trading-f-co-ea-81015-pm.png
 

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Dont forget at 7 pm we have red news on both US dollar and also UK pound might get frisky over next 30 mins plus depending on the BOE Gov speech
 
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