Intraday FX Player

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Quote from CFerret:

It's still looking down for me... :)
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Ok CF I thought up, you thought down - but we should agree on the moves inside and both take the trades and end up going in the same B/o direction with PIB.

A few observations. From where I expected the pop up and poss breakout we got about 40 pips up... and then every TF structure from 1 min up gave a strong reversals for the same 40 pips back down. Easy trades. you saw the 30 min structure so it needed Time.

In the past I have mentioned "balance" and when you see a big top tail on the 30 min (or any TF) and a fairly quick move down expect to see a mirror image big tail. There's a way to know when this will happen but it will distract you and send Tom into orbit.

When you see a huge Bull Engulfing (in relative terms) on the 1 hr that has to be reversed quickly because it has swallowed all those prior bodies and has up energy. That must be stopped immediately next bar because all odds are for up.

I was expected a lot more before we get the real move down to the gas station. you could have taken your perfect bottom trade and gone fishing for a few days.
 
Quote from CFerret:

Yoohoo,

Yea, bigger picture didn't stop me from making these PIBs...
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excellent work CF

that's why being in position for the B/o while playing the internal structure has nothing to do with luck

The small TF's keep you in the winners enclosure no matter which way it runs and the PIB fills up
 
I don't think that playing confirmed reversals has anything to do with luck...

It has to do with odds being well in your favor and only it that sense it's luck...

But not in a sense of blindly picking trades and being "lucky" that some are profitable...
 
Quote from Willleung:

missed a short on 3:33, but I say the general direction is down.. :)
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Well, I meant HSI participants in general, I know that you are among the few who move this mkt today... :)
 
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