Intraday FX Player

[bkveen3]

I just took a short position when it broke the 580 level where it had been getting support for the last couple hours. We shall see what happens.

 

[yoohoo]

Quote from bkveen3:

Im surprised they are alright. I have read about you guys using them for a while now and I have seen all your charts with them but those are the first ones that I have tried to draw. Its still difficult for me to ascertain direction from something like what we are currently seeing. Other than the 5580-5600 ATM I don't know how to tell which direction it is going to go from here. Or how to tell when it has decided on a direction.

We all had to start somewhere. You got lots of homework before you do any more reading of the thread. Google trend lines and get the basic principles and then print out hard copies of charts - lots of them - all different TF's - and take a pen and straight edge and go crazy drawing lines.

You won't get the same feedback on a screen and you need to keep these in a folder and look at your work on TL's and how it develops. Take note of how a big TF's TL acts upon smaller TF's. You'll need at least 2 weeks of intensive TL work before you read the how-to's in the thread and then you'll need to start at the beginning of the thread again.

PM me after you've done that and I'll check you how you have progressed.

 

[bkveen3]

Hahaha, ok so that wasn't the best idea I've had.

 

[CFerret]

Good morning all!

Wow, you guys did a lot of posting work while I was sleeping... Feel myself so lazy as only devote like 15h a day, not 18...

 

[yoohoo]

lol CF

you're excused!

 

[yoohoo]

Quote from bkveen3:

I just took a short position when it broke the 580 level where it had been getting support for the last couple hours. We shall see what happens.

Here's my view. You got a lot of work ahead before you trade unless this is a paper trade. I'd suggest you wait until you have done your TL learning and then read and absorbed the thread.

 

[bkveen3]

Yoohoo I will take the homework assignment and get to work right away. I'll let you know when I've got some good trend line experience under my belt. I work long hours so it might not take an entire week but we shall see how it progresses. Thanks.

 

[yoohoo]

Quote from bkveen3:

Yoohoo I will take the homework assignment and get to work right away. I'll let you know when I've got some good trend line experience under my belt. I work long hours so it might not take an entire week but we shall see how it progresses. Thanks.

Just to make myself clear...

there is the work required

and the time for that work to take place

and the time for the light to dawn

and the dawning experience can't be rushed

 

[CFerret]

Quote from yoohoo:

lol CF

you're excused!

Thank you Master, I'll not repeat it in future...

 

[Willleung]

Quote from bkveen3:

Yoohoo I will take the homework assignment and get to work right away. I'll let you know when I've got some good trend line experience under my belt. I work long hours so it might not take an entire week but we shall see how it progresses. Thanks.

BKV,

everyone on this tread works 12 or 15 hours days, such as YH, CF, CV, and myself..

Just think of those poor women behind us, LOL


As CV and CF would tell ya, HSI futures adapted itself to T/L very very well, especially after they introduced the Closing Auction for stocks, correct T/L helps a lot.