A Master Class in FX Intraday Trading by F & Co

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Morning all members who have just started following this journal

I am getting a lot of bad ( rubbish ) again posted on other threads again from Sunday

Thankfully - these alternative fans ( haters ) cannot disturb this journal atm - but they never give up - they must know its my 2 year celebration this week on this forum

Thats' after one of them saying I would not last 2 weeks - lol

Out this morning - but should be around lunchtime and for a couple of hrs trading from 2 30 to 4 30 pm

See you later guys and feel free to post charts and comments etc etc

Regards

F
 
9 38 am

EU

so far low at 1036

after 9 30 am its gone to scalp buy from 1039

Easy to spot and take when you have a 1 min LR chart set up

I would need to see over 1055 and 60 to stay with scalp buys - otherwise - take what you can

If later we go back under 1040 and 30 - then i would look at more scalp sells

EU

12 47 PM

Price never went under 39 - or 40 or 30 - so a partial worked

It then as risen over 35 pips up to 1078 and after 12 30 and 12 39 pm became a scalp sell

I am out my 30% stake buy at 62 and now waiting to see if I can buy again above 1045 /50
 
I have missed one red US dollar news release at 12 30 pm - was not back in time

Next one at 2 00 pm - and I should be around for that news - although still to have a late lunch

Before then I will update a few pairs
 
Pound crosses

12 57pm

Only one pair i have been trading tested the low of morning again - and that was the GJ

Both the GU and GA have seen various rises - GA over 60+ pips and GU only about 30 pips and GU and GJ still with bearish bias though - GA not quite the same.

GU as good interim supports at 5315 to 25

I would need to see that areas breached to take more scalp sells or hold on to any I have off last scalp sell under 5350
 
EA

1 00 pm update

Ever since after 9 00 am and 9 30 Pound news - the EA as been bullish and a scalp buy

Its risen over 70 pips ( slow for EA in 4 hrs ) similar to EU - but that was only 35 pips

Ideally pullbacks need to stay above 5250 to take new scalp buys and then make over 5305 to add
 
EU

12 47 PM

Price never went under 39 - or 40 or 30 - so a partial worked

It then as risen over 35 pips up to 1078 and after 12 30 and 12 39 pm became a scalp sell

I am out my 30% stake buy at 62 and now waiting to see if I can buy again above 1045 /50

1 05 pm

Got a scalp buy at 1045/6 at 1 00 /1 01 pm

Need over 63 to stay with buys - otherwise i just take a scalp profit

I am popping out in 10 mins - but hope to be back for 2 00 pm news
 
EU - Update for 2 00 pm US Dollar news

I scalp bought at 1 00 pm - as already commented on

I needed over 63 to stay with buys and it made 65 and then pulled back

I now know under 1042 and 35 I look for more scalp sells - and whilst we stay over 1045 - then maybe more scalp buys and I try up to the 1070 - 80 area again

The 2 00 pm dollar news might have an effect

This is the 1 min LR chart with the scalp opportunIties in this last hour


203876d1445953829-master-class-fx-intraday-trading-f-co-eu-271015-pm.png
 

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EJ

2 05 PM

This pair as carried on falling from after both early Opens

Now just made another new low of day at 132 78 - EU also falling
 
8 19 am

Yen crosses - EJ / GJ

Both pullbacks at 8 00 LO were under 10 pips and then both pairs have since dropped again

From the 7 00 am EO - EJ now dropped over 45 pips and GJ nearly 60 pips in total - over 100 pips in total

No - not got them all - but now made over my daily pip target

Yen crosses

2 17 pm

EJ / GJ and even UJ have all been bearish - showing a strong yen today

Both the EJ and GJ have made more new lows in last few minutes - and I gain off my partial sell stakes
 
2 23pm

Besides the GJ making a new low of day - GU as always now dropped under its 9 30 am news low and now under 5300 and 5290

Bounces under 5300 are still sells again for now - but this may change after 2 30 pm
 
2 23pm

Besides the GJ making a new low of day - GU as always now dropped under its 9 30 am news low and now under 5300 and 5290

Bounces under 5300 are still sells again for now - but this may change after 2 30 pm

2 33 pm

It actually changed at 2 27 pm - not after 2 30 pm with a scalp buy coming into play on the GU

5300 to 5305 is the test - if we clear both then we watch time rules

If we stay under both prices - then we will test low again
 
2 33 pm

It actually changed at 2 27 pm - not after 2 30 pm with a scalp buy coming into play on the GU

5300 to 5305 is the test - if we clear both then we watch time rules

If we stay under both prices - then we will test low again

Nearly an hour later - we never cleared over 5305 and the sell at 3 00 pm as so far only dropped 15 pips
 
Very boring so far this afternoon

As normal lots of scalp opportunities for 3 - 10 pips but so far no nice rallies etc

Will pop back after 4 00 pm -
 
6 58 pm

Sorry did not pop in after 4 00 pm. Had some other business to sort out and then just when i was ready to look at the markets again - 2 phone calls that wasted nearly another 40 mins and by then I just thought to late in the day other than to scalp.

Actually i have missed out some nice larger scalps on both the EA and GU after 4 30 pm - shame

Best scalps today off the GJ

I hope you have all had a decent day and will try and get back to normal tomorrow - today - I was busy from 6 30 am to after 10 am and then really only got another 60 -90 mins after that - although my daily target was well out the way by 10 am

Just going to check how Sun - Remulix and Keen have been getting on next


Regards

F
 
Wednesday 28th October 2015 - Pre Opens

Good Morning FX Intraday Traders

Mid week and an unusual day today - as all the main red news is after I have normally finished trading - ie US afternoon session and after 6 00 pm UK time

We had Aussie Dollar news after Midnight that ended up with the AU dropping more and the EA & GA carrying on bullish

Pairs like the EU and UJ look very boring again - but I will cover them during the day.

I am around again all morning - but only plan to do 2 -3 hrs training and then pop back lunchtime and 2 hrs in the afternnon. If I have not easily covered my daily pip target then I will pop back for the later news after 6 00 pm

Have a good day and look forward to any questions - other charts - calls etc etc

Regards

F
 
Missed 6 00 am ish scalps this morning - the EA being the best as might expected with a 20 + pip fall within 15 mins

You know my KT's and if you have the LR set up correct - then its a case of scanning the 2 to 8 pairs you monitor and look for all the clues we required for a scalp

6 20 / 21 am on the EJ as just given me the first 4 pips of the morning - and what was nice on this move was the stop need not have even been 3 pips - as the level was perfect with other previous pullbacks

OK LiTs areas next
 
LiTs Area for Wednesday Am session

6 44 am


EU - 1019 - 1053

GU - 5279 - 5322

UJ - 120 20 - 120 50

UChf - 9860 - 9880

UCad - 3260 - 3290

AU - 7180 - 7213

EJ - 132 80 - 133 15

EA - 5295 - 5355
 
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