Intraday FX Player

Status
Not open for further replies.
Yea, I felt absolutely sick during May when tried to get used to 1min... It was a very serious pressure I must say... And took over a month to more or less start to see in 1min.

But in exchange it's way clearer and I can even post trades now without disturbing my view... :)
 
Quote from magicdust:

What concerns me with this style of trading is that quite often, there is really only one major direction for the day, yet we spend an enormous amount of energy chasing the wiggles.

For example, today a couple of us successfully shorted the top and reverse just after European open. If I had held on until now, returns would have been great. But right now I'm looking at a much smaller return for the day. I've found that this holds true for a lot of trading days.

Not sure what to do about this at the moment, as in theory returns are optimised when you trade long and short throughout the day. This is very difficult to master however.
More...
The bigger picture helps, i used to trade intraday hourly set ups, and i do know at least one trader that does that full time with enormous success...but...it's hard to just sit there and wait for the right set up, with the correct RR, and you will get stopped out a lot of times.
This really is no more difficult than trading longer TF's (in fact probably easier IMO) and it's also a lot more active, think of it this way: tomorrow you will be trading at the European open and you'll get plenty of opportunity's to get it right or wrong, just like me and many others, but you can't say the same about longer term trading....there's a lot of waiting involved.
Anyway all i needed was to see someone doing it successfully, you'll have to say that CFerret is well on his way, that's good enough for me, i'll keep trying untill i perfect my technique, even if i have to eat a bit of humble pie allong the way.....:)
 
Quote from forexfox:

lurker here...

CF, what does S/W stand for? you and YH use it a lot.

ty
More...

Can you give an example of it used? Just I don't recall using the term S/W... :confused: :)
 
Status
Not open for further replies.
Back
Top