A Master Class in FX Intraday Trading by F & Co

[NVP]

usd is stalling .........ZZZZZZZZZ

back later a few final calls to take today

N

 

[Forexmospherian]

AU

2 20 pm

Interesting N

I know you might be set up for 3 to 5 pip scalps - but I have AU a scalp buy from 2 09 pm low

Would need to bounce over 68 and 70 to stay with it though

Euro been very week and Dollar still strong for now

 

[NVP]

missed GU sell as well...........I really really am rusty ....hahahahahahahhaa

 

[NVP]

AU

2 20 pm

Interesting N

I know you might be set up for 3 to 5 pip scalps - but I have AU a scalp buy from 2 09 pm low

Would need to bounce over 68 and 70 to stay with it though

Euro been very week and Dollar still strong for now

agreed ...AU was a wildcard ..........not one I usually look at US session

 

[NVP]

back later ....good hunting

 

[Forexmospherian]

Hi MM

I would like some advice on brokers

Would anyone care to advise me on who is cheap and reliable Big ask I know

I like the look of FXPro software but I realise they seem pricey on commissions


Thanks

Dave.

Hi Dave

You can negotiate with most brokers - all depending on the money you are depositing and the amount of trades you take.

If first person says no - go above them - so far over my trading life I have never had standard terms for very long - they want traders taking a good amount of trades and ideally depositing £20k + ideally over £50k.

The one big plus point of FXPro - beside platform is no negative balance guarantee - so if you are caught ever in a "black swan " event you dont lose more than your capital deposit etc etc

Worth shopping about but get ECN and scalper friendly and ideally fully UK regulated etc etc

Regards


F

 

[Forexmospherian]

EU

2 29 PM

We need back over 0755 and 60 to stay or take any new scalp buys

Under 0750 still bear bias with 0700 basically main support

50 pip range - but after a 160 + drop - then not big in comparison.

Now lets look at the GA and EA - meanwhile AU got to 69 and reversed for now

Dont forget time rules next

 

[NickBk]

I am not on demo Dave.

 

[Forexmospherian]

EA

2 34 PM

Still bearish under 5225/30 and need above 5210+ to start new scalp buys

Under 5160 for more scalp sells - in between wait really unless you just are scalping for 3 to 15 pips

 

[Forexmospherian]

AU

2 38 pm

Time rules could play a part on this pair

dropped from 69 to 62 - but still trying up again and dont think it will make under low in next 5 mins

 

[Forexmospherian]

2 09 pm AU scalp buy best scalp for this hour atm

Clean and not bad PA

will post a chart

EA should be dropping but slow and in tight range atm

 

[Forexmospherian]

AU - chart after NFP and scalp buy after 2 09 pm

AU

1 Min LR Chart

Oppositely correlated to EA - so a useful aid for EA - but EA not dropping much atm

 

[Forexmospherian]

Pound Crosses

Left no partial sells on GA or GU

GU would have worked - GA not

GU as done a good bounce after 2 00 pm - bigger than AU - but not so nice on the PA

GA - well 200 + pips down and 220+ pips back up - catch a ride both ways on that pair would have been good

 

[Forexmospherian]

UCad

2 53pm

A LiTs partial on from on around 7 or 8 am would have worked all day on this pair

the spike down at NFP was so obvious a stop hunter - but did not drop enough and the pair did make up 120 pips

For now 3250 is like the new scalp LiTS - Above and below again

 

[Forexmospherian]

EA

2 56 PM

Move up started before 2 51 pm - my cross on 2 quick Lrs was at 1 43pm at 5175 and ignored it

PA did do a HH and HL on 1 min and from 2 51 pm its made another 15+ pips up

Difficult now above 5190 - a scalp buy on pullbacks - but 5205 is R and 5220 -25

 

[Forexmospherian]

2 09 pm AU scalp buy best scalp for this hour atm

Clean and not bad PA

will post a chart

EA should be dropping but slow and in tight range atm

All change on AU and EA - after 1 43 pm ?? on EA decided it wanted to try up - meaning AU would have to compromise and atm stalling on any more rises

Could all change again this next 30 -60 mins - stay flexible

 

[Forexmospherian]

My 2 glasses of wine stop me telling the time correctly

For EA times should read 2 43 pm and 2 51 pm - not 1 43pm

Now moved up over 40 pips - that was up to 3 09 pm

yes a 15 pip pullback

 

[Forexmospherian]

EA

2 56 PM

Move up started before 2 51 pm - my cross on 2 quick Lrs was at 1 43pm at 5175 and ignored it

PA did do a HH and HL on 1 min and from 2 51 pm its made another 15+ pips up

Difficult now above 5190 - a scalp buy on pullbacks - but 5205 is R and 5220 -25

EA

3 14 pm

we stayed above 5190 and made above 5205 and 5225 and then stopped around 30

Clean cut off now 5210
above scalp buys - below scalp sells

 

[Forexmospherian]

EA

3 26pm

26 is my cut off on buys

 

[Forexmospherian]

3 29 pm

5244 so far on EA a scalp signal at 40 - but need under 26 to sell more otherwise I then buy again