A Master Class in FX Intraday Trading by F & Co

[Forexmospherian]

How about UCAD now..hitting interim high.

4170 to 90 is all R area

Really need over 4200 to be staying with buys - otherwise look for sells on pullbacks

Later

F

 

[sun11]

4170 to 90 is all R area

Really need over 4200 to be staying with buys - otherwise look for sells on pullbacks

Later

F

Yes last day top 4190-4200.

 

[Forexmospherian]

8 50am

School runs cost me lots of money - but there's always lots of other opportunities through out the day - and leaving part stakes on the EA buy after the EO was an easy decision

 

[Forexmospherian]

EU - 9 00 am UK time Update

Good Morning FX Intraday Traders

6 00 am and around checking the set ups this morning

First one is the EU is actually in a bullish price structure above 0800 this morning and so too is the GU above 4265/70

Out before the London Open at 8 00 am - but hope to get a few trades in before 7 30 am

New busy week with a lot going on in the markets

All FX input welcome and have a good day

Regards


F

]EU

6 53am

Its been a sell under 0818 - but I still have it in a bull price structure above 0800

Will have to wait to see if an interim area holds next[/B]

EA cannot get under 5390 for now

EU

9 08am

My charts had the price structure bullish on the EU above 0800

I missed the first buy at 0806/7 - but got in by 0810 and added -

So far high 0835 - we know we have R's at 0840 and 60 from previous movements in this price area

We also know what the size of the pullbacks should be as well

1 Min LR chart

 

[sun11]

Today -11 pips loss.
Now selling EU targeting 815.

 

[Forexmospherian]

EA - 9 45 am UK time update

EA

Nice 140+ pip rise after EO and now after 8 51am and 9 00 am its been a scalp sell

Here's my 1 min LR Chart

Price structure now bullish - but it was not first thing - needed over 5445/ 50 to get into bullish LiTs area

 

[sun11]

Today -11 pips loss.
Now selling EU targeting 815.

Ok close this one at 2 pips profit.

 

[sun11]

Was thinking about to sell AU, as its touching 450 LR. But 2 LR are coming in it's path 6984 & 6981.

 

[Forexmospherian]

Had a phone call - thats going to change my morning plans - could also effect up to 2 pm

Hope I can sort and resolve within just a few hours - so see you later

GL and Good Trading


Regards


F

 

[NVP]

GBP BUY
CAD - SELL

these guys are getting their groove on now

USD going bull gang ....its breached recent R levels ....so GU buys will hurt !!!

hey all - popped back

I see cAD stayed relatively weak still..........the real hit was on GBP now around 50 pips below London opening.....ouch !!

yen and euro the buys ....usd pretty bullish still as well

N:smart:

 

[Forexmospherian]

11 30 am Update

Back for 30 -45 mins for now

EA pulled back / retraced nearly 80 pips from its high - still in a bullish PS above 5445/ 50 but needs back over 5520 to stay with buys

EU - 2 critical support areas next - 0810/ 15 and the 0800. We need to stay above both to be in a bullish PS for more scalp buys

Under 0800 and 0780 - then bear land and would be looking at taking or holding more scalp sells

GU - Under 4280 bearish PS and now under 4240 next supports around 25/30 and under there 4210 ish

UCad - still got it in a bullish PS above 4160 but 4200 and 4220 both R areas

 

[Forexmospherian]

EA

Nice 140+ pip rise after EO and now after 8 51am and 9 00 am its been a scalp sell

Here's my 1 min LR Chart

Price structure now bullish - but it was not first thing - needed over 5445/ 50 to get into bullish LiTs area

EA

11 38 am

Updated chart

 

[Forexmospherian]

Scalping the GU

GU

12 22pm

Already mentioned 4225/ 30 was an interim support area - so if it lines up for a bounce - then scalp buy opportunity

We know its in a bear price structure bias under 4260 and 80 - so we know we should also be able to get a scalp sell in on the pullback

We also need to keep an eye on low holding 30 + mins with no breach - that favours a turn up again

Here's my scalps

 

[Forexmospherian]

EA

12 30 pm Update

I had a triple crossover on LRs at 5490 after midday saying sell

So far it sticking at 68 and 5460 - 65 is further interim support

Need really under 5450 to stay holding sells

 

[PipsterPipstoffelees]

Is the Aussie bank holiday worth avoiding today? Im watching the markets but it looks rangey, I havent taken anything yet ....

 

[Forexmospherian]

Is the Aussie bank holiday worth avoiding today? Im watching the markets but it looks rangey, I havent taken anything yet ....

Hi PP

The Aussie Bank Holiday should not have much effect - US session should still be OK

Problem is markets might be waiting for President Draghi - ECB speech at 6 00 pm later today

it's also a Monday - and although OK before say 9 00 am - its been fairly slow

Yes we have some ranges - but still enough there to get some 5 -10 pip scalps if US session does not take off.

Key times this afternoon - ie 2 30 pm - 3 00 pm - 3 30 pm - that hour will give us more clues for this afternoon

 

[sun11]

Just lost -7 with AU with 2 trades. one 1 buy trade is on with it. targeting 6994. That will be my last trade for the day. if I lose.

 

[sun11]

Just lost -7 with AU with 2 trades. one 1 buy trade is on with it. targeting 6994. That will be my last trade for the day. if I lose.

Ok stopped out. Done this day..

 

[Forexmospherian]

Ok stopped out. Done this day..

Hi Sun

Would be interested to see your AU chart - and question if you have trading the AU did you sell under 7005 - as basically that was LiTs scalp area - ie favours sell under and buys only above ?

 

[Forexmospherian]

What did you think of 1 00 pm UK time on the GU at 4272/4 area Sun ??