A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

GU

6 46am

Trying to turn back up from 4460 area with scalp buys favoured after 6 00 - even though PA is not ideal with waves within waves going on - making it difficult to get an easy smooth buy

Really would only look at holding sells on under 4460 and 50

GU

7 17 AM

So far made approx a 37 pip move up from 6 00 am and still a scalp buy atm - pullbacks need to stay above 4480/ 2 for staying in scalp bull bias

 

[NVP]

ok gang ..............gotta scoot early today

my 3 lead scalps at this moment are

RESELL UJ when it bounces
SELL UCAD ...warming up
BUY GU ...warming up

later
N

112.19 was the turn on UJ .........others still waiting :smart:

 

[NVP]

112.19 was the turn on UJ .........others still waiting :smart:

ej sold from 94 as well .............yen going on a bull run again

 

[Forexmospherian]

EA

7 15 am

I had this pair as a scalp sell after 7 00 am news under 5940

supports 5885/ 90 - so bounce then could be another scalp buy

EA

So far bounced at 5895/6 at 7 20 am

We need to see above 5923 and 28 to stay with this scalp buy - otherwise - we will test lower

 

[NVP]

112.19 was the turn on UJ .........others still waiting :smart:

never perfect in scalping but the yen bull is obliging today ..........

jees i'm late

bye

N

 

[sun11]

Morning everybody,

Today Really a bad thing happened with EU. I had a buy trade open from 1203 in the early morning, My target was 1227 with a sl of 3 pips. I went to take a bath, when came back, saw it moved upto 1225, then fallen down, i got only 6 pips. Missed 12 pips profit. :-/

 

[NVP]

EA

So far bounced at 5895/6 at 7 20 am

We need to see above 5923 and 28 to stay with this scalp buy - otherwise - we will test lower

EA been more of a pain for me recently so off the scalps .........not lead trade

back on Yen buys (Euro / USD)

and still on gu buys

 

[NVP]

Morning everybody,

Today Really a bad thing happened with EU. I had a buy trade open from 1203 in the early morning, My target was 1227 with a sl of 3 pips. I went to take a bath, when came back, saw it moved upto 1225, then fallen down, i got only 6 pips. Missed 12 pips profit. :-/

trading is a dirty business S .........

 

[Forexmospherian]

7 30 AM

A very busy last 90 mins for me - trades taken on EA - EU - EJ - GU - some just quick scalps other making over 25+ pips

In a normal 90 mins I might only take 3 to 5 scalps - today so far 9 trades - one slip up and the rest OK

OK - off out next so got to get ready - back after 9 00 am or so - but then only might do an hour before lunch

See you later guys and GL

 

[Forexmospherian]

Morning everybody,

Today Really a bad thing happened with EU. I had a buy trade open from 1203 in the early morning, My target was 1227 with a sl of 3 pips. I went to take a bath, when came back, saw it moved upto 1225, then fallen down, i got only 6 pips. Missed 12 pips profit. :-/

Hi Sun

That was a shame - still plus 6 is far far better than minus 3 and so thats the main thing

Take it nice and easy again today Sun - stay focused and relaxed and keep an eye on your total tally after every few trades etc.

Pleased to see the importance of keep bad scalps to a small as loss as possible - always worth getting out of them ASAP

I have taken 9 trades so far in 90 mins - well above average for me - but so far 8 were good - so cannot complain

See you later Sun

Regards


F

 

[sun11]

Hi Sun

That was a shame - still plus 6 is far far better than minus 3 and so thats the main thing

Take it nice and easy again today Sun - stay focused and relaxed and keep an eye on your total tally after every few trades etc.

Pleased to see the importance of keep bad scalps to a small as loss as possible - always worth getting out of them ASAP

I have taken 9 trades so far in 90 mins - well above average for me - but so far 8 were good - so cannot complain

See you later Sun

Regards


F

Thank you F,

Today either market is fluctuating or my platform is fluctuating.
Just earned 13 pips with GU breakout.

Have a nice day...
Regards

 

[sun11]

EU had a sell trade from 1211 & close it at 1207. Now it moved more further, sometimes we need to keep faith on trades.?!

 

[Forexmospherian]

EU - After 7 30 am & 7 51am - from a tick chart view

EU had a sell trade from 1211 & close it at 1207. Now it moved more further, sometimes we need to keep faith on trades.?!

Hi Sun

9 19am

Back for 20 mins or so

You are like me - mixed numbers wrong - its 1311 not 1211 - easy mistake ;-)

As you know - I was on a school run over London Open so missed the EU sell down to 1265 from under 1320

You are correct - scalping is all about timing and reading PA on the quickest frames possible and taking advantage of speed - small stops and very nice returns and RR ratios if done correctly

10 or 15 or 20 pip stops are just too large in the equation - and that's why timimg of entries taking them off interim highs and low - in the opposite directions - give you an edge over so many normal traders views of entries not being that important

Here's my tick chart from after 7 30 am from 1318 - which was also the first clue of a LH from earlier 1323 and of course we had gone over 30+ mins - with no high breach

So lets look at the clues under 1318

We had a 12 pip drop and a bounce - and again a new LH at 1315 - and then another LH at 1312 and then the LL at 1309 in a 4 min circle I have marked - thats confirmation of a set up for lower - all seeen in 4 mins

After then 7 50 and 51 am - key times and in the time window - we get a 27 pips drop in 9 mins

Repeat on EU - 27 pip drop in 9 mins

If you are already in the move you take 15 or 20 or 25 pips and just close out

You stop would be 1318 - based a LL already of 1315 and so ideally your stops is anything from 4 to 7 pips

On a 20 pip scalp thats RR's from approx 3 to 4 - all under 10 mins or so with a 4 min clue after 7 30 fall

Taking it at 7 31 am at 1322 area - would have been really risky - but then again Major M and myself - might think - ok sell now with stop at 28 - other high and see if it drops over 5 pips and then get stop in profit at plus 1 and hope you have caught the start on a bigger move

Its down to if you already have 30 or 50 plus pips in the kitty and are not bothered about risking 5 pips on a scalp punt - rather than waiting for more clues and confirmations

Here's my Tick chart

Not been able to get under 1265 so far but still in the end it was a 40+ pip move down

 

[Forexmospherian]

EU

6 50am

1375/6 high yesterday afternoon / evening and since then a pullback under 1300 down to so far 1294 area

For me now - above 1335 and 45 - then bullish and would be buying more

Under there favours sells with obvious interim supports at 1300 - 1280 - 1260 - 1240 etc

If a supports hold - preferably over 30+ mins - and then 1 hr plus - look then more for buys again

The EU is a great teaser and not the easiest pair to intraday - simply because of all the play and manipulation

Ideally we need to stay above 1160 and 1200 to be with a chance of trying above 1400 +

Therefore 1180 - 1200 to 1350 say -is the main range - ie 150 -170 pips to play in - that's a lot for EU

Ok news in 7 mins or so

Back after 7 05 am

EU

9 28am

Comment above Pre Opens and over 2 hrs 40 ago

1265/67 as held for now - can we make back over 1280 and 1300 next

Under 1255 and 40 would be more sells

Back after 10 30 - 11 00 am next

 

[sun11]

Thank you F for detailed analysis of the chart. Silly me, mixed up the numbers..Today I lost around those BTTZ zone area 1290-1282. Although in my thread, I mentioned that 1289 could be some area to look for, yes it was the area, area of hell. I was selling & getting stopped out.

Regards
SUN

 

[Forexmospherian]

EU

9 28am

Comment above Pre Opens and over 2 hrs 40 ago

1265/67 as held for now - can we make back over 1280 and 1300 next

Under 1255 and 40 would be more sells

Back after 10 30 - 11 00 am next

Just before I leave - Ideally - I would look at selling the EU between 1300 and 1320 for a try back under 1280 and 1260

Only carry on buying above 1335 and 1345

GL

See you later

 

[Raja1977]

hi F

right now which pair you focus on

i have just 2 hours for trade from now

 

[Forexmospherian]

Just before I leave - Ideally - I would look at selling the EU between 1300 and 1320 for a try back under 1280 and 1260

Only carry on buying above 1335 and 1345

GL

See you later

EU

Comment from 9 39 am this morning

News in 1 mins on US dollar

sell price was actually 1295/98

 

[Forexmospherian]

hi F

right now which pair you focus on

i have just 2 hours for trade from now

Hi Raja

Sorry was out away from my desk when you commented - as mentioned in previous comments and unfortunately did not get back until after Lunchtime UK time

EU was maybe the easiest - again as I hade mentioned before I left sell under 1320 -1300 area. It dropped under 1260 to down to approx 1230 area - so a nice sell

I don't really do trade calls etc - but don't mind assisting traders with my methods etc and giving some help on intraday trades

If I remember you are using renko charts etc - and so would be interested to hear how you are finding them - that's if you have been using them for over 3 months plus as under that time you might not get accustomed to them ?

Good Trading

Regards

F

 

[Forexmospherian]

EA

3 18 pm

3 00 pm gave you a high and 3 01 pm onwards gave you clue to sell under 5840

Now approx 15 mins later and 70 pip drop - sums up the speed of the EA - get it right and its great - stay in the wrong way and your 5 or 10 pip stops are breached under a minute - it can be that volatile

Bounces under 5910/13 are sell again for now but would be nice to buy again if possible above 5840 / 50 area ?