A Master Class in FX Intraday Trading by F & Co

[NickBk]

Just had a quick read, anyone on GJ sells since 06.00?
Such a mover until I looked belatedly at GA lol.
Out and on the bounce atm,
Good luck

 

[Forexmospherian]

GU

9 14 am

Comment above from 7 36 am - over 90 mins ago

Scalps buys above 98 made 4220 area and then after 8 21 am and under 4210 was just sells again

Once under 75 and 70 - then more sells with low so far at 4154

I reckon from 4100 to 4150 is all a massive support area - ie previous lows etc

Now if the players want to really take the GU lower - we would need under 4100

Meanwhile - we now know we need back over 4225 and 4230 + plus to see any real turn being tried

ATM - we are in a 70 pip range - ie 4150 to 4220

We might stay in that all day - all depends really on how much money the market makers have so far made - and whether they see coming out the range can make them a lot more today - or not

Remember - this is a GAME - its up to us to be on the right side of the moves etc and not get fried as either a bull or bear

GU

45 mins approx later

Still in the range

4150 held for now and so far scalp buy made 4178

 

[Forexmospherian]

Just had a quick read, anyone on GJ sells since 06.00?
Such a mover until I looked belatedly at GA lol.
Out and on the bounce atm,
Good luck

With the Pound being high profile so much - especially from now to June - I should maybe start covering the GJ and GA as well as the GU

Might have to lose the EJ then on some days - but the GJ / GA / EA are all "beasts" and so suit our style of intraday trading

GL

 

[Forexmospherian]

EU

10 06am

Now down at 1070 area

For a Monday morning - its been great -

EA also now back in sell bias again if 5410 and 5400 let go

Out in 15 mins - then will pop back before Lunch


GL guys - I just hope everyone has made some good green profitable pips


F

 

[MajorMagnuM]

losing power now as new boiler going in.

 

[NVP]

hey all popped in for a few minutes

I would be scalping :-

GU sells
EA Sells
UCHF buys
EJ sells

plenty happening .........plenty of Volatility

 

[NVP]

With the Pound being high profile so much - especially from now to June - I should maybe start covering the GJ and GA as well as the GU

Might have to lose the EJ then on some days - but the GJ / GA / EA are all "beasts" and so suit our style of intraday trading

GL

just the spreads on some of these dudes ..........some brokers will be horrendous for example on GY .....especially with the current volatility ?

 

[NVP]

losing power now as new boiler going in.

Hey MM ....how the devil are you ? .....

 

[NVP]

hey all popped in for a few minutes

I would be scalping :-

GU sells
EA Sells
UCHF buys
EJ sells

plenty happening .........plenty of Volatility

GU kill Zone ..........4109 - 4100..........no need to rush the resells

4100 is a real major S level after all

 

[NVP]

ucad buys bubbling up dudes

 

[NVP]

hey all popped in for a few minutes

I would be scalping :-

GU sells
EA Sells
UCHF buys
EJ sells

plenty happening .........plenty of Volatility

steady here last 20 mins .....

 

[NVP]

GU kill Zone ..........4109 - 4100..........no need to rush the resells

4100 is a real major S level after all

see ...........let it brew :smart:

i wont chase it up ..........cant be arsed

N

 

[NVP]

usd weakening a tad.....hmmm

 

[NVP]

hey all popped in for a few minutes

I would be scalping :-

GU sells
EA Sells
UCHF buys
EJ sells

plenty happening .........plenty of Volatility

EU sells looking better and better alongside Uchf buys......uchf up 10-12 pips sice earlier post here

 

[NVP]

see ...........let it brew :smart:

i wont chase it up ..........cant be arsed

N

Christ it still in that 10 pip range

 

[Forexmospherian]

Update for approx 1 15 pm

EU - so far from Opens fallen approx 100 pips

EA - so far from Opens fallen approx 200 pips

GU - so far from opens fallen approx 200 pips

EJ - so far from opens fallen only about 90 pips - slow

AU - so far from Opens risen approx 35 pips or so - very slow

UCad - so far from Opens ranged up and down

UJ - so far from Opens - up about 65-70 pips

Not checked other beasts such as GJ and GA - will do that next

 

[Forexmospherian]

1 20 PM

GA and GJ - From Opens -

GJ - dropped approx 200 pips - my spread 2 6 pips atm N

GA - dropped nearly 350 pips - my spread again 2 3 to 3 pips

 

[Forexmospherian]

Is my 50 pip daily target - one I have had for over 3 years realistic ??? ;-)

 

[NVP]

Update for approx 1 15 pm

EU - so far from Opens fallen approx 100 pips

EA - so far from Opens fallen approx 200 pips

GU - so far from opens fallen approx 200 pips

EJ - so far from opens fallen only about 90 pips - slow

AU - so far from Opens risen approx 35 pips or so - very slow

UCad - so far from Opens ranged up and down

UJ - so far from Opens - up about 65-70 pips


Not checked other beasts such as GJ and GA - will do that next

cracking movement in market today

from 6am

GBP has sold off to nearly 170 pips.........dominates moves

the big buys have been AUD, NZD and CAD around 80 pips

with a bull usd its been the domain of the GU sell followed by other combinations

wish i was trading F/T again guys

N

 

[Forexmospherian]

just the spreads on some of these dudes ..........some brokers will be horrendous for example on GY .....especially with the current volatility ?

Hi N

GA - dropped approx 350 pips so far today from pre Opens

My average spread is 2.3 to 2 9 pips = Commission so - 3 5 pips to 4 00 pips

OK not for scalping for 10 pips

BUT

Get a key direction off a High or low - and while EU drops 100 pips and GU drops 200 pips - in same time GA drops 350 pips

I reckon paying another 2 to 3 pips in cost on the beast make sense on partials on big rallies

Also I can remember years ago my spread on GJ was 5 to 7 pips

Any broker still wanting that spread costs - then worth dumping them or renegotiating your deal - you are the customer - as you know - customers are King ;-)