Intraday FX Player

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Quote from CFerret:

Morning guys!

Will, now I'll have to kill you for disclosing my background... :D
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LOL, then kill me softly, CF.. ROTFLMAO

Quote from CFerret:

Decent trades Will...
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Thanks, still a long way to go, problem is I can't judge the energy of the session, might be that I aimed too low (21090, Fib 0% since 7/08, plus 20 pts), only to find that the move ran out of puff; well, HSI is having a 3% day, maybe it's just me, huh?

Quote from yoohoo:

2> Different topic: Yesterdays Gap is 5944 to 5957. Willl, the Japanese call the Gap a Window and use gap top & bottom as S&R. It was one to short EUR off on the 1 min. Cycles are v mature for the ATM down so I'm top fishing and we can roll over but if PA comes back to these levels they are action points provided PA signals.
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Thanks for that, the initial bust did find support at 7/08 close, and I only realise that after letting it retrace, and it did retrace well, got ready to bail out; but kept reminding myself that the trade was going the same direction with the session, and decide to stay in, and go with another move to the low. If I could judge the energy of the session then I would get out on the first low; and save myself some white hairs :D

The late session "continouation" (roughly 2/3 of the session time pasted), works the both ways, on a bullish session it behave the same, finding support to go for more. My guess is with local retails (biased to long), when the session is bullish, we get more mileage..
 
Quote from Willleung:

hi Tom,

How do you find trading long hours?

I couldn't do it, especially with a slower market like EUR/USD after my local SIF sessions. I would say not everyone can do it, 1Reason had navy training, and CF had some from da KGB hehehe..

Good Trading
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Navy training. hmmmm, I was on a submarine. That qualifies me as being crazy. Thats how I can do it,,....by being nuts
 
Quote from 1Reason:

Navy training. hmmmm, I was on a submarine. That qualifies me as being crazy. Thats how I can do it,,....by being nuts
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Reason, no no, that's way cool; and I would say it gives you an edge in our business :)
 
Quote from 1Reason:

Will,

700 point drop, I haven't been watching it that long but that seems like a huge drop.

Whats your thoughts?
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Reason,

On TA side, it's just an continue move on the downward channel since early May. It drops that hard, I guess it's to kill the resent aggressivness

On the fundamental side, I think the economy is going down to hell (IMHO); Fed, ECB and Finanicals start to run out of lies, so we might be seeing some hard times to come.

Also China ended the resent bounce off support last week, with their major banking stocks listed on HKEX, and especially 2 on the HSI and 1 on the HHI, it's just right. On the peak last year, they were valued like Jap banks in the 80s (ie P/E >60)
 
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