A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

7 15 am

Looks as though the EO at 7 00 am started off 4 scalp sells on the EU / EA / EJ / GU - got only 2 of them - both slightly late - but certainly nice moves - and ideal for my set up

EJ

Approx 75 mins later from above comment

EJ as dropped 75 pips and managed to get 42 of them with last 8 pips off a scalp buy

 

[Forexmospherian]

AU - Another swing traders view

AUDUSD in 1hr timeframe is making falling wedge pattern with +ve divergence in RSI.

Breakout from this pattern is at 0.72165.
Current Price 0.72169.

Buy at current price 0.72169,
Stop 0.72061
Tgt1 0.72374
Tgt2 0.72711

Above call from another member on another AU thread on this Forum last night

He also provided a chart - a nice scalp / swing trade - RR over 5 as well

A good call really

 

[Forexmospherian]

More minor EU news at 9 am and 10 am

EU - still not really out of its 30 pip range yet

Back in 10 mins or so

 

[Forexmospherian]

EA

8 22 am

Its now dropped approx 100 pips from when i started scalp selling this morning - and approx 550 pips from yesterdays highs

EA

9 12 am - approx 50 mins later

The low happened at 8 26 am at 5219 area - I dropped from 160% stakes on sells to 90% at 5240 and the then after 9 00 am - realising the low had held over 30+ mins then dropped back to just 30% stakes on sells - with that new stop now at 5360 and in multi hundred pips of profit still

5290 to 5320 is all interim R's - so maybe we can sell again in this hour

 

[Forexmospherian]

EA

9 19 AM

The main range for now is 5300 to 5255

Above 5300 - more scalp buys maybe to 5320 ish

Under 5255 and 50 more sells down to low and even 5200

In the 45 pip range 90/92 is the first R barrier and first support at 5265/70

 

[Forexmospherian]

EU

9 22 AM

Last scalp buy after 9 00 am news from 1107 area

Still in range under 1130 but at least trying to stay back over 1100 for now

 

[Forexmospherian]

EA - Update at 9 30 am

EA

9 12 am - approx 50 mins later

The low happened at 8 26 am at 5219 area - I dropped from 160% stakes on sells to 90% at 5240 and the then after 9 00 am - realising the low had held over 30+ mins then dropped back to just 30% stakes on sells - with that new stop now at 5360 and in multi hundred pips of profit still

5290 to 5320 is all interim R's - so maybe we can sell again in this hour

EA

9 35 am

Chart update with next calls

 

[Forexmospherian]

Off now for 45 mins on a dog walk

Back in next hour after 10 20 am

GL with EA and AU - as now it critical levels - If I miss the next moves - no problem - I will look for others later on


Regards

F

 

[FXWorx]

Ea

Lets See

 

[NickBk]

Hi F,
Looks like your happy to be back on EA -)))
When you look to confirm longer moves in bigger time frames which do you prefer, I have been looking at m10 a bit. Especially looking back at shorts that I closed on EA yesterday, puke!!!
I am thinking of increasing my lots size by 33% that way when I close 100% I still have a 33% partial. By the way I am serious.
Cheers

 

[Forexmospherian]

Morning Nick

I reckon you have had a big smile on your face this week ;-)

Back now for an hour or so and will focus again on the EA - its such a money earner

Regards


F

 

[Forexmospherian]

EA - update for 11 00 am time

EA

9 12 am - approx 50 mins later

The low happened at 8 26 am at 5219 area - I dropped from 160% stakes on sells to 90% at 5240 and the then after 9 00 am - realising the low had held over 30+ mins then dropped back to just 30% stakes on sells - with that new stop now at 5360 and in multi hundred pips of profit still

5290 to 5320 is all interim R's - so maybe we can sell again in this hour

EA

9 35 am

Chart update with next calls

EA -

11 00 am update

Well we could actually sell again at 10 09 am onwards - so just in the hour from 9 15 am - but from higher than I thought

From 10 09 am and 10 21 and 10 30 we have seen approx 60 pip fall

Even if you were cautious and waited for TL breaches you would have got over 35 pips

Here's the chart

 

[Forexmospherian]

11 35 am

Just had a phone call and not been able to concentrate last 20 mins as need to sort out a few domestic private issues involving my daughter's new accommodation whilst she is at Nottingham University.

Hopefully I can it sorted in an hour or two max - but for now no more trading until after 1 00 pm or this afternoon

Sorry guys - some pairs getting interesting again - GL and see you later on

F

 

[Shacau]

What a morning... +201 pips

I think I'm done for today : )

see you all next week

cheers

 

[MajorMagnuM]

6 38 am


EU - 1070 - 1125

GU - 5360 - 5402

UJ - 120 40 - 120 82

UChf - 9690 - 9737

UCad - 3070 - 3115

AU - 7190 - 7225

EJ - 133 75 - 134 33

EA - 5370 - 5435

HI F. can i just question the above. eu for example. you have given the range, but the LIS is acutally 1.10970/75

 

[MajorMagnuM]

some sort of news ?

 

[Forexmospherian]

What a morning... +201 pips

I think I'm done for today : )

see you all next week

cheers

View attachment 203578

Excellent - well done Shacau

Another intraday trader who I reckon has had a great week

Enjoy your weekend and see you around next week

All the best

Regards

F

 

[Forexmospherian]

HI F. can i just question the above. eu for example. you have given the range, but the LIS is acutally 1.10970/75

Hi MM

Hope you have had a good week and also a good trading morning as well

You are getting to accurate

Personally - i would disagree with you

With the advantage of hindsight after the 2 opens ( remember I do the LiTs areas - pre 7 00 am ) I would put it at 1110 -1112 - ie above - bull bias - below bear bias

I suppose its how we view it - but I don't think I could have got that accurate at 6 30 am - so i need to cover myself 15 -20 pips either way

Anyway - what ever the exact prices - its under both are Lits and bear bias for early US session atm

News in 6 mins on Cad Dollar

Regards


F

 

[Forexmospherian]

EA - Update at 2 30 pm

EA -

11 00 am update

Well we could actually sell again at 10 09 am onwards - so just in the hour from 9 15 am - but from higher than I thought

From 10 09 am and 10 21 and 10 30 we have seen approx 60 pip fall

Even if you were cautious and waited for TL breaches you would have got over 35 pips

Here's the chart

EA

Update for US session this afternoon

I will look for pullbacks under 5350 - but above 5265 /70 we are still in a bullish PS for the afternoon session

Updated chart carried on from before

Note KT's

 

[Forexmospherian]

Hi MM

------------------------------------

-------------------------------------------

News in 6 mins on Cad Dollar

Regards


F

UCad

2 40 pm

Realised my comments never got to the thread on the UCad after news

Now over 1 hr later its risen up over 100 pips - big move on UCad

interesting - the AU as fallen afterwards - as you would expect with a linked correlation between the 2 pairs and EA carried on up - but as shown on my last chart near an interim R area next