A Master Class in FX Intraday Trading by F & Co

[NVP]

3 pip range on usd .............I will now hang back for more confirmation

 

[Forexmospherian]

7.39 the bounce buy signal on usd

Morning N

I hope your mum in law is recovering OK

You mentioned you start you new consultancy role this week - so all the very best as well on that side.

Yes noticed 7 39 am was another scalp buy on the EA - but missed it as getting ready to pop out

Lot of Bank Holidays today - so guess it will not be that busy later on - but hope I am wrong

Have a good day and week N

All the best

F

 

[NVP]

thanks mate ............shes doing ok now ....wife in residence there

turning off machine soon.........made a handful but slim pickings as you said...............I was hoping for a big bounce on that 7.39 play after a bear Asians on usd session ...................

but whne did the forex market ever act like an ATM when needed

cheers all ..............make some pips

N

 

[Forexmospherian]

All i would mention for this next hr after LO in 9 mins is - keep an eye on time rules on the new interim highs and lows made so far

Hope to be back after 8 30 am then for at least an hour

GL guys and see you later


F

 

[Forexmospherian]

8 57 am

Back late as posted on Sun's thread

http://www.trade2win.com/boards/tra...rnal-pathways-improvement-40.html#post2639676

Both EA and AU have been good this morning

 

[Forexmospherian]

9 02 am

On my set ups the key change time this morning at London Open was after 8 09 am

Both EU and EJ started turns ups and the GU just carried on up another 15 pips but we had both the GU and AU as buys from early on

UChf - topped in between 7 21 am and 7 30 am but after LO and 8 09 am started a larger pullback down

Still got the AU bullish on pullbacks staying above 7342 area

 

[Forexmospherian]

9 07 am

GU

I have a interim R area at 5367 to 72 ish

Price atm at 5363 - so near

As from Friday then if we get over first obstacle - 5380 to 5400 is all larger R

 

[Forexmospherian]

EU

9 11 AM

So far not been able to make a new high above Friday of 1387 but at least around it

Its still bullish above 1360 area and so any pullbacks can still be looked at again for buys - but remember time rules

Really i would need under 1348 and 40 to be holding scalp sells on longer for a larger pullback and also above 1390 and 1400 - yes take new scalp buys

 

[Forexmospherian]

EA

7 09 am

Its stopped above the support area

Its a minor scalp buy above 91 - but i would expect to sell it again - ideally before 5510 area if it does try much higher

EA

After 7 21 am it tried down again breaching interim supports at 75 -85 area and now its dropped to 5468 and made a bounce

Under 92 its still a sell again - but 7 30 am was a scalp buy above 70

EA

9 36 am

so far its got down to 5440

approx 80 pip fall from after 6 39 am and when we first started to see scalp sells this morning -

So far any scalp buy bounces after stayed under approx 25 pip

Last scalp buy from 9 30 am not done 20 pips so far - but we need to keep an eye on time rules as well now - as we could start to see changes - or just sideways stuff next

Under 5433 and 25 would be more scalp sells down to supports from 5400 to 15 area

 

[NickBk]

Been trying to make a chartshot for 20 minutes for you F.
It says server not available.
Anyway EU from 08.00 till 09.40 if you get a chance.
It encapsulates so much of your method and I wanted to share it for others to give confidence.
I will try again if I can with markings.

 

[Forexmospherian]

AU - From after 6 39 am to 9 45 am - Monday AM

The devil is in the detail - but the bias is off the price structure set up on the LRs

This is my updated chart

For now - pullbacks staying above 7335 area are buys again - but thats like 30 pips lower - so if get a pullback and we can buy again - we can add another 25 -50 pips to our tally

For now above 7375 and 80 I would add scalp buys - and under 7335 and 30 stay then holding sells longer to we make next support area at 7320 / 25.

The AU is oppositely correlated with out new intraday favourite the EA - but the EA can be a bit scary until you have it sussed - whereas the good old AU is a nice easy pair for all intraday traders

Back now after 10 30 am ish for approx 45 mins

 

[NickBk]

The devil is in the detail - but the bias is off the price structure set up on the LRs

This is my updated chart

For now - pullbacks staying above 7335 area are buys again - but thats like 30 pips lower - so if get a pullback and we can buy again - we can add another 25 -50 pips to our tally

For now above 7375 and 80 I would add scalp buys - and under 7335 and 30 stay then holding sells longer to we make next support area at 7320 / 25.

The AU is oppositely correlated with out new intraday favourite the EA - but the EA can be a bit scary until you have it sussed - whereas the good old AU is a nice easy pair for all intraday traders

Back now after 10 30 am ish for approx 45 mins

Actually very similar to what I wanted to post on EU.
EU gives a buy signal then for me crosses my middle lr's keeping me in the trade then the longer ones then has a good run up until sell comes exactly as it is crossing middle lr's all the way to test support on longer lr's and then a scalp buy again. Then rinse and repeat.
Followers should understand that, I have no time to make it clearer.

 

[Forexmospherian]

Actually very similar to what I wanted to post on EU.
EU gives a buy signal then for me crosses my middle lr's keeping me in the trade then the longer ones then has a good run up until sell comes exactly as it is crossing middle lr's all the way to test support on longer lr's and then a scalp buy again. Then rinse and repeat.
Followers should understand that, I have no time to make it clearer.

EU

9 11 AM

So far not been able to make a new high above Friday of 1387 but at least around it

Its still bullish above 1360 area and so any pullbacks can still be looked at again for buys - but remember time rules

Really i would need under 1348 and 40 to be holding scalp sells on longer for a larger pullback and also above 1390 and 1400 - yes take new scalp buys

EU

10 55 am


Yes agree with you Nick

Heres my updated chart as of last 5 mins ago

Price so far made 1397 - but still bullish - even though 10 30 am and 1396 was a scalp sell

We ideally need to stay above 1377 / 80 now - but becareful on time rules off the 1397 high

 

[NickBk]

EU

10 55 am


Yes agree with you Nick

Heres my updated chart as of last 5 mins ago

Price so far made 1397 - but still bullish - even though 10 30 am and 1396 was a scalp sell

We ideally need to stay above 1377 / 80 now - but becareful on time rules off the 1397 high

Yes thanks for posting chart.

I don't believe there are many better examples showing the medium and longer lr's helping out and giving a great trade set up.

Still at a loss to understand the dissers when it is all so apparent.

Thanks again F, great job and you are very decent to share so much with us all.

 

[Forexmospherian]

EJ - Scalp sell set ups after 10 30 am and 10 51 am

Hi Nick

Yes - they think its all hindsight - but thats because they have never set the 1 min LR chart up to see that we see the moves in advance - if not always by 10 + mins in advance -certainly as they get ready to happen or as they turn

When you know the Key Times in advance - its a case of lining up PA and LRs and levels

If they dont line up well enough - just dont take the trades

Here on the EJ after 10 30 am and 10 51 am - both Key Times - there was only one thing really to do for us - ie sell

 

[Forexmospherian]

11 15 am

Ok back next after 12 20 / 30 pm

See you later guys - its been a busy morning

Get the feeling afternoon might be slower - but fingers crossed

F

 

[FXWorx]

Hi Nick

Yes - they think its all hindsight - but thats because they have never set the 1 min LR chart up to see that we see the moves in advance - if not always by 10 + mins in advance -certainly as they get ready to happen or as they turn

When you know the Key Times in advance - its a case of lining up PA and LRs and levels

If they dont line up well enough - just dont take the trades

Here on the EJ after 10 30 am and 10 51 am - both Key Times - there was only one thing really to do for us - ie sell

Nice Chart

EJ gave many clues before the drop.

 

[FXWorx]

Yes thanks for posting chart.

I don't believe there are many better examples showing the medium and longer lr's helping out and giving a great trade set up.

Still at a loss to understand the dissers when it is all so apparent.

Thanks again F, great job and you are very decent to share so much with us all.

Nick may I ask what your settings are for your 4 lower period LRs ?

 

[Forexmospherian]

Been trying to make a chartshot for 20 minutes for you F.
It says server not available.
Anyway EU from 08.00 till 09.40 if you get a chance.
It encapsulates so much of your method and I wanted to share it for others to give confidence.
I will try again if I can with markings.

Sorry Nick

Only just seen this message

Must double check on past pages at times as sometimes I miss comments

EA

Nearly 100 pip fall from after 6 30 am

Will post another updated chart next

 

[Forexmospherian]

Eur / Aud over AM session

EA

1 min LR chart

Main sell off started after 6 39 am

It was still in its LiTs range but clearly under the longer LR saying that it should have a bear bias

So far on a Monday Am with no news its dropped approx 100 pips - and there as been easily 50+ pips off scalp buys

KT's shown etc