A Master Class in FX Intraday Trading by F & Co

[Raja1977]

Hi Raja

Just got back to my desk and about 20 mins late

Will do a quick update in a few minutes

Regards

F

thank you i will wait but plz do not late, i had some loss yesterday. so i wanna recover today with your help. actualy after 1.30 hour i will go to job. from office i will not able to trade from there

 

[Forexmospherian]

We need to see over 4460 to look at taking new scalp buys on the GU - otherwise the range is from 4400 to 4445 area for now

EU - under 1215 / 20 - bearish but supports have held at 1260/ 65 area - so a 50 pip range - needing back over 1290 and 1215 to scalp buy and under 1260 and 55 to scalp sell

 

[Forexmospherian]

morning all. last week was down for me, i had the -20 on monday, then tues/thurs I took it very slow and only took 3 or 4 trades for about +4. with commissions last week I was -20.

yesterday I was still taking it kinda slow, I took about 5 trades, and was +15 (after commissions). So I have made a little back.

Hopefully I will have a positive day today

Morning PP

Glad to hear you were OK and positive yesterday

Today was good pre LO but only just got back last 15 mins and boring atm

Have a good day and I plan to try and get 2 hrs in before Lunch time and then 2 hrs + after 2 00 pm

Regards


F

 

[PipsterPipstoffelees]

Wish I had got up a few minutes earlier, I just missed a short on the AJ, two trend lines at the 81.00, plus many LRs @ 9:39. I signed on at 9:37, didnt want to jump in immediately ....

It has reversed a bit now but there was 20 pips up for grabs

 

[Forexmospherian]

Wish I had got up a few minutes earlier, I just missed a short on the AJ, two trend lines at the 81.00, plus many LRs @ 9:39. I signed on at 9:37, didnt want to jump in immediately ....

It has reversed a bit now but there was 20 pips up for grabs

That was a nice set up PP

A new interim high and the quick pullback after trying to get more bulls in

Also if you stick a tight trendline on the move up that would also help with your clues as well as the time window and the LR crossovers

I agree with you - after just logging in you need 5 -10 mins to adjust and check things out before jumping straight in

Its a pair I don't normally cover - purely because I am so used to the EJ / GJ / UJ set ups instead - but AJ still a nice mover

 

[Raja1977]

We need to see over 4460 to look at taking new scalp buys on the GU - otherwise the range is from 4400 to 4445 area for now

EU - under 1215 / 20 - bearish but supports have held at 1260/ 65 area - so a 50 pip range - needing back over 1290 and 1215 to scalp buy and under 1260 and 55 to scalp sell

plz correct EU price 1190-1215 and 1160-1155

 

[Forexmospherian]

10 00 am on EU was a scalp buy

Will show set up on the t4 tick chart - only been testing it today as normally I use the t13 or t21 on ctrader

 

[Raja1977]

10 00 am on EU was a scalp buy

Will show set up on the t4 tick chart - only been testing it today as normally I use the t13 or t21 on ctrader

atm EU trade around 1190, can we scalp buy

 

[Forexmospherian]

10 00 am on EU was a scalp buy

Will show set up on the t4 tick chart - only been testing it today as normally I use the t13 or t21 on ctrader

EU - T4 TICK Chart

10 oo am on the dot was scalp buy and after 10 05 am was a scalp sell back down

Like 30 pips available in under 10 mins

If you got anything from 15 to 25 pips - that's true scalping off a tick chart and would be classified as excellent

 

[Forexmospherian]

atm EU trade around 1190, can we scalp buy

EU is in a range - so really its all down to whether you can scalp off a tick chart of a 1 min

A 5 mins or above would be too slow and need a stop under 80 on buys

Above 1195 and 1200 is buys - but then R's at 1205 to 1215 that might end up being a sell area

Its all down to how confident and skilled you are at scalping

Its easier out of the range - but then you have to wait

Normally after 10 00 am UK to midday can be slow boring and BTTZ times - all designed to trick you

 

[Forexmospherian]

10 20 AM

above 87 on EU is a scalp buy atm

 

[Forexmospherian]

Atm 93 is a LH again so unless we go over 95 + we will test 87 and lower and then under 80 is back to scalp sells - its that fast Raja

 

[Raja1977]

Atm 93 is a LH again so unless we go over 95 + we will test 87 and lower and then under 80 is back to scalp sells - its that fast Raja

i bought eur at 1190 ans stop is set at 1180

 

[Raja1977]

where would i exit if it rise

 

[Forexmospherian]

i bought eur at 1190 ans stop is set at 1180

If we drop under 86 and 84 - then It will more than like hit your 80 stop

If we stay above 87 and make over 95 - then you are OK

What u have taken is too risky for me - too large a stop on a set up only 50/50 probability for now - but GL

 

[Forexmospherian]

EJ a better scalp buy from 3 mins ago

 

[Raja1977]

If we drop under 86 and 84 - then It will more than like hit your 80 stop

If we stay above 87 and make over 95 - then you are OK

What u have taken is too risky for me - too large a stop on a set up only 50/50 probability for now - but GL

what will be the clear buy zone area for eur

 

[Raja1977]

as per your formula EU break above previous high in 30 min

 

[Forexmospherian]

If we drop under 86 and 84 - then It will more than like hit your 80 stop

If we stay above 87 and make over 95 - then you are OK

What u have taken is too risky for me - too large a stop on a set up only 50/50 probability for now - but GL

EU

so far made 1198 - so OK and stayed above 87

So up approx. 7 pips net

Meanwhile EJ up 26 pips

 

[Raja1977]

what will be the clear buy zone area for EU