Intraday FX Player

Status
Not open for further replies.
Quote from BigFunky:

Today I've been playing around with some small scalps (sim only) just for something to think about during this low volatility. On the 1 min TF, just looking at the wave formations with a bit of confirmation from CCI has yielded some good potential trades.

I think there is a risk though of missing the big picture, spending too much time looking at the little stuff.
More...

On the contrary you can watch the big chart and almost fall asleep when a 1 Hr chart is caught in a tiny range. Playing the chop on the 1 min will do two things for you...

1. it puts pips in the bag
2. when the breakout comes you should be riding it.

Remember the guys are expecting the move up - what better way to catch it than like this? Years ago I made a note to myself after being bored out of the inception of a number of big moves and it went like this...

"see the narrow chop in the 1 min as a build up of energy for the B/o"

It keeps me interested and in profit.
 

Attachments

BigFunky:

That's exactly what we are learning here: to be able to pull the trigger on the smallest TF while fishing for a big TF swing and of course keeping it in mind...
 
failure 4th touch (long) on 2:44, gave 15 pts back; fail to take the triangle that develop after that and the index had a run away..

found it hard to find the entry point at the 4th touch in some situation.. (ie, to long at the top downward entry triangle, or weak channel (b's))
 
Status
Not open for further replies.
Back
Top