Intraday FX Player
- Thread starter CFerret
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ok - here's a rule of thumb...
when you have a decent move (that's relative the the action that day), just buy support and sell resistance with a close stop.
There's a good chance the swing up is complete and good profits are in store on a reversal short, but a close stop lets you reverse long again if there's a breakout trade up - again close stop.
So you had a Double Top Resistance after a decent move up - try for a swing reversal. But after that play you had a slower but excellent Key Reversal on the 1 min. Playing the S&R is aggressive and KR is next - two good signals. This is still way ahead of most players.
In addition to the prior top resistance you had a narrow channel up with good contacts.
when you have a decent move (that's relative the the action that day), just buy support and sell resistance with a close stop.
There's a good chance the swing up is complete and good profits are in store on a reversal short, but a close stop lets you reverse long again if there's a breakout trade up - again close stop.
So you had a Double Top Resistance after a decent move up - try for a swing reversal. But after that play you had a slower but excellent Key Reversal on the 1 min. Playing the S&R is aggressive and KR is next - two good signals. This is still way ahead of most players.
In addition to the prior top resistance you had a narrow channel up with good contacts.
Important day today, because of ECB rates announcement @ 12:45GMT...
Guess this can cause some chop during European session though and a lot of volatility after.
The only strange thing about it all is yesterday's rally. Looking like either leak or a fakeout before a massive selloff...
Guess this can cause some chop during European session though and a lot of volatility after.
The only strange thing about it all is yesterday's rally. Looking like either leak or a fakeout before a massive selloff...
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