A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

Yes The Kiwi $ !!

Morning Dave

cover the AU with the correlations on EA and Ucad - but not normally the NU so not got it up on screens

AU was a scalp sell now under 7166 and its dropped 6 pips - but did not take it

 

[davetherave65]

I reckon I need more screens and 3 broker set ups

Presently 4 main screens and 2 brokers - but FXPro just does not like me running with more than 6 pairs with full LRs - it slows it down etc

Ideally I need to cover 8 to 10 main pairs every day - and cherry pick the best 3 or 4

Not even checked the GJ as not put it up on FXpro - but will have a look at it later

I am not a big scalper of many pairs I view - like Uchf and UCad / UJ normally - but I like to see how they are set up on price structures - and they take valuable screen space

Major M mentioned on his set up he could run loads of charts - all with full Lrs - and no problems

He mentioned he did have problems on day this week - interesting - must look into all this more

Hi F and all

I had that problem with the desktop version of Ctrader with FXPro I am currently using the web version with no slow down at all No tick charts on the web version but I have not delved into them yet
Maybe worth a try if you are mainly on 1 min charts

Regards

Dave.

 

[Forexmospherian]

Whilst the AU fell round 9 30 am ish - EA was a scalp buy at 5172 after scalp sell earlier

Prefer scalping EA to AU as a bigger mover and only 1. 2 pips extra spread

 

[Forexmospherian]

Hi F and all

I had that problem with the desktop version of Ctrader with FXPro I am currently using the web version with no slow down at all No tick charts on the web version but I have not delved into them yet
Maybe worth a try if you are mainly on 1 min charts

Regards

Dave.

Thanks Dave

Going to look at more options etc over next few weeks on platform set ups etc

 

[Forexmospherian]

GA and GU - both still bearish for now but GA needs under 1170 and 65 to sell more

 

[davetherave65]

GA

8 29 am

so far the star of my morning and sorry did not feature it on Lits areas

Check it out - i missed the original drop after 6 00 am - ie approx 40 pips

But - I caught next 40+ pips - mainly on partial - yes over 90 pip fall so far

Hi F

Purely out of interest Can you tell me what your LITS area would have been about half hour ago for GA I had a go at my own LITS area just to see if I had it similar to yours

Thanks

Dave.

 

[Forexmospherian]

Ok - dog walking next ( 2 again today ) normally i find 10 to 11 30 am slower - and today with NFP at 1 30 pm - really the main action should be US session

Will pop in before lunchtime etc

Please feel free to post charts comments calls etc etc

As NVP as said as well - mainly Dollar strength this morning - but always check LR price structures every 30 mins - because we know how quickly all can change

GL guys and see you later

 

[Forexmospherian]

Hi F

Purely out of interest Can you tell me what your LITS area would have been about half hour ago for GA I had a go at my own LITS area just to see if I had it similar to yours

Thanks

Dave.

Normally always do the LiTs - pre Opens ie before 7 am - because the Opens will then change them - or go with them

Whats frustrating at pre 7 00 am My GA LiTs was 1250 to 1325

So above both prices a bull structure. UNDER both prices a BEAR STRUCTURE for session

Price now nearly 100 pips under the LiTS

Check out your 900 LR to see what that says my 500 LR still around 1280 for now

See you later on Dave and have a good day


Regards


F

 

[davetherave65]

EA Short @ 10 00 5186

In TW
Fast LR cross

Up at previous R Currently -2

NU short update Had to suffer 8 pips DD but now +1

GL all

Dave.

 

[davetherave65]

EJ Short @ 10 23 3251

Hi all

Just illustrating using other clues to SSS method as I see them

Downward channel price at upper line sell area

LR cross in TW

Price below High value LR s

900 LR 4.2 pips above entry hoping good R

Fast LR above price on entry

3250 BRN so could be good R

As I write -4 pips in High value resistance LR area

If it can break back into the channel then we should get some good pips.

Opinions ? F and all ?

Maybe allow 7-10 pips leeway although F will say 7 being more sensible than I !!

Dave.

See how it pans out !?

 

[davetherave65]

Hi all

Just illustrating using other clues to SSS method as I see them

Downward channel price at upper line sell area

LR cross in TW

Price below High value LR s

900 LR 4.2 pips above entry hoping good R

Fast LR above price on entry

3250 BRN so could be good R

As I write -4 pips in High value resistance LR area

If it can break back into the channel then we should get some good pips.

Opinions ? F and all ?

Maybe allow 7-10 pips leeway although F will say 7 being more sensible than I !!

Dave.

See how it pans out !?

Update

Price went 6.7 pips DD

Now -2 Kiwi$ short +3.8 Euraud short out for -2

 

[Forexmospherian]

In TW
Fast LR cross

Up at previous R Currently -2

NU short update Had to suffer 8 pips DD but now +1

GL all

Dave.

Hi Dave

EA

Looking at my charts on EA

We never made under supports of 5170 - 68 / 64 and from 9 51 / 52 am it was a scalp buy around 76/77

Then correctly scalp sell around 10 am at 92/93

the pullback never went under 82 and then 10 09 am back in bull bais

Once over 94/95 - then the HH and HL sequence saying look for scalp buys on pullbacks

Now made 5210 and really 5212 to 20 is all R area whilst still above 93 - still in scalp buy bias

Hope that make sense - so next action is try to look for sells nearer 5220 area

 

[davetherave65]

Hi all

Just illustrating using other clues to SSS method as I see them

Downward channel price at upper line sell area

LR cross in TW

Price below High value LR s

900 LR 4.2 pips above entry hoping good R

Fast LR above price on entry

3250 BRN so could be good R

As I write -4 pips in High value resistance LR area

If it can break back into the channel then we should get some good pips.

Opinions ? F and all ?

Maybe allow 7-10 pips leeway although F will say 7 being more sensible than I !!

Dave.

See how it pans out !?

Just showing the EJ H1 Chart Price has just touched that channel top also

Maybe stronger reversal here ?

Edit Out at -10 !! Just shows that F has the better out at -5 or 7

Just did not work this time

Dave.

 

[davetherave65]

Hi Dave

EA

Looking at my charts on EA

We never made under supports of 5170 - 68 / 64 and from 9 51 / 52 am it was a scalp buy around 76/77

Then correctly scalp sell around 10 am at 92/93

the pullback never went under 82 and then 10 09 am back in bull bais

Once over 94/95 - then the HH and HL sequence saying look for scalp buys on pullbacks

Now made 5210 and really 5212 to 20 is all R area whilst still above 93 - still in scalp buy bias

Hope that make sense - so next action is try to look for sells nearer 5220 area

Ok F all understood

Thanks

Dave

 

[Forexmospherian]

EA

11 21 AM

Now for me in range of 5190 to 5220 - 30 pips

We know over 18 and 23 + look for more buys and if we slip under 90 then we could lose then on any bull bias and we need to look more at scalp sells

GL

Back in 20 mins or so

 

[davetherave65]

EA Short @ 5217 @ 11:48

Hi all

LR cross just before TW R at 5220

Currently +7 Hopefully break low of up trend line

Dave.

 

[davetherave65]

Hi all

LR cross just before TW R at 5220

Currently +7 Hopefully break low of up trend line

Dave.

SL now in small profit and +12

Dave.

 

[Forexmospherian]

Hi Dave

12 09 pm

EA

now lots of supports building from 5180 to 5200 and the barrier higher 5220 -25

 

[Forexmospherian]

GA

Check that out all from Midday 12 00 pm UK

Dave would have loved that drop

 

[Forexmospherian]

GA as dropped 190 pips from 1 00 am time and over 160 pips from Opens