A Master Class in FX Intraday Trading by F & Co

[sun11]

You missed my post. where i shared about the lits area of EU & GU.
I took 2 EU trade ealier on buy side as i thought it was bullish. But failed.
Next I was waiting to buy form lits on GU at 4253. That one moved only 2 pips on my favor & loss -5 pips.

Currently there is sell below 4248. That should get stopped soon. Even it fall then maximum 4241.

 

[sun11]

Ok I got stopped out on my sell trade too -10 pips total daily pl -22.
Out for the day.
Happy trading.

 

[Forexmospherian]

GU

7 33 AM

TurnING Bearish and scalp sells under 4263

Only scalp buy above 67 and 72

7 50am

Full turn on GU

It dropped to 45 and now trying to test high again

Whilst GU tries to turn up - euro crosses lose bullish bias - total manipulation going on pre LO

 

[NVP]

hey all

well yen has staed ok bull so made money there ..cAd has sold a little ......pips there

picked up a fast GBP buy in last 15-20 mns .she finally moved

usd bull and recently bear .........hence been happy to play it either way .....still has moved now more than 2-3 pips north / south since 7am bar so ususal flatliner

have a good day
N

 

[Forexmospherian]

Ok I got stopped out on my sell trade too -10 pips total daily pl -22.
Out for the day.
Happy trading.

Morning Sun

Just seen your posts

minus 10 on EU scalps - what went wrong with such a big loss ??

Also I really think we need you to stop scalping atm without my help - unfortunately - your timings and understandings atm are not correct for scalping - and so its just frustrating you more

The EU was ascalp sell after 7 20 / 21 am on time and under high at 52

Its is a bullish PS above 0830 for sure - but its testing both ways for astart as its play time with the Opens

I do need to have a few hrs with you - even if on demo - to get you back on course Sun - but to suit you later on - or tomorrow - when ever you feel ready etc

Regards


F

 

[NVP]

7 50am

Full turn on GU

It dropped to 45 and now trying to test high again

Whilst GU tries to turn up - euro crosses lose bullish bias - total manipulation going on pre LO

Euro and GBP are both net Bull Asian and now more recently London..........naturally though a lot of correlation changes at 1 min / tic levels though :smart:

N

 

[Forexmospherian]

Also can I say Sun - maybe the EU is not for you over the opens - its played with too much normally and slow etc -

From say 6 to 7 30 am - its OK - from after 7 30 to 8 30 am - trick play time normally

 

[NVP]

Also can I say Sun - maybe the EU is not for you over the opens - its played with too much normally and slow etc -

From say 6 to 7 30 am - its OK - from after 7 30 to 8 30 am - trick play time normally

its all about correlation gang.........they have both been mainly Bull from 7am bar .....thatly kill you re trying to scalp it much

 

[Forexmospherian]

Euro and GBP are both net Bull Asian and now more recently London..........naturally though a lot of correlation changes at 1 min / tic levels though :smart:

N

I would agree - they are both still in a bull PS for am - atm

But play resulted in EU dropping over 10 pips and GU what 18 + pips before going back into bull bias again

 

[NVP]

ok as I leave the CAd keeps getting sold off more and more ...........its nearly 80 pips off asian and now 50 pips down london

Sell

ok late for meeting .......................Grrrrrrrrrr

N

 

[Forexmospherian]

Hi F, did you checked my post?

Sorry SUn - which post on this thread or yours ??

 

[sun11]

Morning Sun

Just seen your posts

minus 10 on EU scalps - what went wrong with such a big loss ??

Also I really think we need you to stop scalping atm without my help - unfortunately - your timings and understandings atm are not correct for scalping - and so its just frustrating you more

The EU was ascalp sell after 7 20 / 21 am on time and under high at 52

Its is a bullish PS above 0830 for sure - but its testing both ways for astart as its play time with the Opens

I do need to have a few hrs with you - even if on demo - to get you back on course Sun - but to suit you later on - or tomorrow - when ever you feel ready etc

Regards


F

It was on GU. That -10 pips loss on GU.
I had 2 trades with EU & 2 trades with GU. Total -22 just with 4 trades.

If possible can u please check my lits are were correct or not. I cause so far I have seen during the EO. Both of them were above Lits.

Thank you
Regards

 

[NVP]

I would agree - they are both still in a bull PS for am - atm

But play resulted in EU dropping over 10 pips and GU what 18 + pips before going back into bull bias again

yep .........the variations on supposedly Correlated currencies is where I tend not to delve in my Scalping.....try to focus on obvious bull vs bear currencies :smart:

 

[Forexmospherian]

EJ

cLEAR scalp sell from 7 30 am at 131 55 - key time and nice cross over

EJ

8 09AM

Stayed as a sell and under 55 and 50

Now down as 39 so will look for next support above 20 to scalp buy again

Trouble is I am out in 10 mins for about 30 mins

 

[sun11]

Hi Good morning,

Today My lits areas: GU: 4253-4227 , its bullihsh. But it happened ealier. Now need to look for a place to enter with 5-6 pips sl.

EU lits: 834-815, Market already moved higher.

Please correct me if I am wrong.

Happy Trading

This was my 1st post.

 

[Forexmospherian]

Sun

Can you see how much the EU as been played with compared to say the EJ this morning

EJ easy after 7 09 am and under 60 and 55 - a sell

EU - in bull bias PS - but both ways in the range atm

EU not easy and so slow really

Back after 8 50 am

 

[Forexmospherian]

t

This was my 1st post.

Sorry Sun - just did not see it - we must have gone on to another page etc as was busy with N and myself commenting and first one o yours I saw I replied -


My fault and sorry could not have advised you before you entered

Back after 8 50 am

 

[sun11]

Sun

Can you see how much the EU as been played with compared to say the EJ this morning

EJ easy after 7 09 am and under 60 and 55 - a sell

EU - in bull bias PS - but both ways in the range atm

EU not easy and so slow really

Back after 8 50 am

How do I know that in advance? When I entered EU it was normal.

 

[sun11]

Sorry Sun - just did not see it - we must have gone on to another page etc as was busy with N and myself commenting and first one o yours I saw I replied -


My fault and sorry could not have advised you before you entered

Back after 8 50 am

That's ok..no problem.
See u...

 

[Forexmospherian]

EJ - Monday AM over Opens

Morning all

Approx 7 03 am ish

Agree with N - EJ for me was a buy just after 6 50 am this morning from 131 54 - but its got R's at 65 to 70 area and supports 45 to 49 area - so a range atm

Out over London Open hr for only about 30 mins or so

UK Pound red news at 9 30 am as well this morning so will check out Pound crosses a bit later

Have a good day and all FX input and comments welcome

Regards


F

EJ

cLEAR scalp sell from 7 30 am at 131 55 - key time and nice cross over

EJ

9 00am Update

Started off bullish but after EO hit R area and turned

Dropped down over 30 pips

Advised to look for scalp buys above support area and happened whilst I was out

This is my chart

Note trendlines Sun - always go with tight one first though as they can help give you clues with Lrs for direction change