Intraday FX Player

[yoohoo]

First of all I don't use H Ashi charts so if you have something that works for you that is the most important thing, but the blue T/L on my chart is approx the same as the H A T/L... it's not well formed and the closing break is late.

Using a pretty obvious EMTL from the low to the next low gives a 3rd reaction (close) at the 3rd pink arrow. The red arrowhead shows the closing break thru a validated T/L.

The common response is a return close to the broken T/L and the yellow box shows the fulfillment.

Now from the top... the dotted Classic is only giving the break up now on the last bar.

EMTL from the top (solid line) gave the break on the first green bar after the red arrow with a call to return to this solid line... the yellow box was the reversal point for us to go towards the EMTL again.

 

[yoohoo]

Hi CF, had a great time with some great people thanks. How's your trading been?

 

[CFerret]

Quote from yoohoo:

Hi CF, had a great time with some great people thanks. How's your trading been?

Great to hear!

This period was OK. Nothing to brag about but not bad either. Was mostly concentrating on 5min setups cause 1min seemed noisy either cause the mkt was so or just my reading of 1min was weak...

Also added old good CCI to my charts... Strange but I felt like I need it at some point and it really helped to finetune some trades and see PA from a bit other angle... I spent a lot of time with this indicator and it's pretty readable to me...

 

[yoohoo]

you can see how the 5 min chart PA reacted to the EMTL and the (dotted) Classic. Both of these lines will be traded and have their own breaks, returns and runs.

 

[Willleung]

CF,

you using Java base chart?

 

[CFerret]

Quote from Willleung:

CF,

you using Java base chart?

Will,

Both Java (PRT) and Windows binary (Quotetracker) under Linux.

 

[yoohoo]

Quote from CFerret:

Great to hear!

This period was OK. Nothing to brag about but not bad either. Was mostly concentrating on 5min setups cause 1min seemed noisy either cause the mkt was so or just my reading of 1min was weak...

Also added old good CCI to my charts... Strange but I felt like I need it at some point and it really helped to finetune some trades and see PA from a bit other angle... I spent a lot of time with this indicator and it's pretty readable to me...

I am a big fan of indicators but in order to get the best out of them you need to see PA first otherwise there is nothing to finetune. You have the PA working so you are in a good position to discover how indicators can enhance PA reading skills.

Nice one

 

[CFerret]

Quote from yoohoo:

you can see how the 5 min chart PA reacted to the EMTL and the (dotted) Classic. Both of these lines will be traded and have their own breaks, returns and runs.

Yeah, indeed both are respected.

Just I still don't understand how exactly draw EMTL... For some reason it seems like blocked information for my mind...

 

[CFerret]

Quote from yoohoo:

I am a big fan of indicators but in order to get the best out of them you need to see PA first otherwise there is nothing to finetune. You have the PA working so you are in a good position to discover how indicators can enhance PA reading skills.

Nice one

Good to know you consider this step reasonable... I have many months of screentime experience w/ CCI so when now added it felt like I met old friend...

And with all PA experience it now is a nice tool to gauge PA in many instances when reading it naked is not that easy.

 

[Willleung]

Quote from CFerret:

Will,

Both Java (PRT) and Windows binary (Quotetracker) under Linux.

thinking about using Java charts, instead of using Metastocks (just charts, no need for system programing), would need a 2nd monitor at GF's apartment, she will flip..