Intraday FX Player
- Thread starter CFerret
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Guys the only psychology I need is PIB â then get more aggressive.
Position play⦠El C you thought it was going up and poss breakout
I thought you might be right but I think down first⦠but what if Iâm wrong?
Iâm convinced Iâm right so I take simple top â if I think it will swing and Iâm wrong Iâll get out B/e with my pips intact
If Iâm right a win big
Either way no pain
So Iâm not giving back profits â Iâm keeping them
But when I see 4/5 taps on a T/l and 5min not looking right I reverse long and then sell â like poker (I donât play, just watch on TV) bluff them, so Iâm long wanting short⦠now if you are right and this thing flies Iâm ok⦠but in resistance Iâm short again with PIB and no pain if Iâm wrong
Pip bag filling up â no pain â no psychology â no giving back profits
Said this would be messy â thatâs coz all the time charts didnât line up together.. but thatâs a bit ahead
Letâs keep this simple - that the S&R and buy sell sigs â learn to read 5 min and 1 hr
Look at 1 hr⦠El C you want up⦠u see the top and big run⦠look again at tails of pain â someoneâs selling the supply
Look at everywhere there are tails â smart money hands over to dub money
So I want down
Hope I make some sense
look at S&R chart
Position play⦠El C you thought it was going up and poss breakout
I thought you might be right but I think down first⦠but what if Iâm wrong?
Iâm convinced Iâm right so I take simple top â if I think it will swing and Iâm wrong Iâll get out B/e with my pips intact
If Iâm right a win big
Either way no pain
So Iâm not giving back profits â Iâm keeping them
But when I see 4/5 taps on a T/l and 5min not looking right I reverse long and then sell â like poker (I donât play, just watch on TV) bluff them, so Iâm long wanting short⦠now if you are right and this thing flies Iâm ok⦠but in resistance Iâm short again with PIB and no pain if Iâm wrong
Pip bag filling up â no pain â no psychology â no giving back profits
Said this would be messy â thatâs coz all the time charts didnât line up together.. but thatâs a bit ahead
Letâs keep this simple - that the S&R and buy sell sigs â learn to read 5 min and 1 hr
Look at 1 hr⦠El C you want up⦠u see the top and big run⦠look again at tails of pain â someoneâs selling the supply
Look at everywhere there are tails â smart money hands over to dub money
So I want down
Hope I make some sense
look at S&R chart
Yoohoo,
Thanks for the expansive response. Actually, I did not say it would break through, just mentioned that as one possibilty. A false break, followed by a down move, is perhaps more likely based on prior attempts. Either way is fine with me.
I will more throughly study your response tomorrow when time is not so much of the essence.
Thanks for the expansive response. Actually, I did not say it would break through, just mentioned that as one possibilty. A false break, followed by a down move, is perhaps more likely based on prior attempts. Either way is fine with me.
I will more throughly study your response tomorrow when time is not so much of the essence.
yes CF, 50 points is a reasonable swing and then the reverse can double it.
not unusual to have to jostle for position - think about what that means
I missed a 50 swing earlier cos I had my 1 hr chart covered with the 4 hr chart but got this one perfect
I read the swing wrong earlier coz I was looking at the 4 hr chart, and I let it shake me out several times - ok pips but not smart trading
but then got the 1 hr right and said time to get shark fin on
If you saw this as the conclusion of a down swing - what should you do?
Having said that, as we move into the point of this big triangle expect it to get messy unless we are gifted an early breakout
not unusual to have to jostle for position - think about what that means
I missed a 50 swing earlier cos I had my 1 hr chart covered with the 4 hr chart but got this one perfect
I read the swing wrong earlier coz I was looking at the 4 hr chart, and I let it shake me out several times - ok pips but not smart trading
but then got the 1 hr right and said time to get shark fin on
If you saw this as the conclusion of a down swing - what should you do?
Having said that, as we move into the point of this big triangle expect it to get messy unless we are gifted an early breakout
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