Intraday FX Player
- Thread starter CFerret
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Hi Will,
I know a guy in HK teaching people a way to trade HSI. Maybe you also hear about it. He largely uses PA and candles, trading micro BO after pullback (not necessarily K/R) on 1m, provided that bigger TF like 5m/H1 look good on the same direction. After entry if the price doesn't move quickly in the direction within a short time, he just closes the trade with 1-2 tick profit or tiny stoploss etc. If it moves fast and runs well, he lets it go. He claims there will be a few good trading opportunities in a day, and very likely he can make riskless profit of US400 daily.
I have no experience with the HSI, but with its volatility so I hear, it seems to be working, for a tight stop loss and good profit potential. How do you think about it?
I know a guy in HK teaching people a way to trade HSI. Maybe you also hear about it. He largely uses PA and candles, trading micro BO after pullback (not necessarily K/R) on 1m, provided that bigger TF like 5m/H1 look good on the same direction. After entry if the price doesn't move quickly in the direction within a short time, he just closes the trade with 1-2 tick profit or tiny stoploss etc. If it moves fast and runs well, he lets it go. He claims there will be a few good trading opportunities in a day, and very likely he can make riskless profit of US400 daily.
I have no experience with the HSI, but with its volatility so I hear, it seems to be working, for a tight stop loss and good profit potential. How do you think about it?
Pipal,
Not sure about the BO, since it is so small like 15 or 20 tics on a bad day, rest of the stuffs would work on da HSI, that's what I am using, so it's good to know..
still not very used to the new indicators, and damn, they are bloody fast, LOL. Sense of direction is here, just getting better as the afternoon progress
and make one minor mistake, 12 tics includes slippage and it's counter trend.
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