Intraday FX Player
- Thread starter CFerret
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OK just a quick post on the gameplan. If you understood the importance of my first post today, you had a no-brainer 100 point trade.
A simple way to trade the gameplan is split your trade in half. Place 1/2 on the swing and 1/2 to trade the wiggles. When you're good you'll usually make a lot more on the wiggles - if not you'll learn and make a killing as you learn.
Our goal 9 hrs ago was to go up and test the T/L on the triangle and see then. I didn't say short then as I thought better wait and see, they might run this all the way thru the top to a new high.
But if the pressure is up, concentrate on the longs - the easy, fast, big money is there.
Anyway, hope you learned something today. See if you can work out the next gameplan. Wait until it speaks to you.
A simple way to trade the gameplan is split your trade in half. Place 1/2 on the swing and 1/2 to trade the wiggles. When you're good you'll usually make a lot more on the wiggles - if not you'll learn and make a killing as you learn.
Our goal 9 hrs ago was to go up and test the T/L on the triangle and see then. I didn't say short then as I thought better wait and see, they might run this all the way thru the top to a new high.
But if the pressure is up, concentrate on the longs - the easy, fast, big money is there.
Anyway, hope you learned something today. See if you can work out the next gameplan. Wait until it speaks to you.
yea, today was change of personality so you have to get the direction and work out how they are moving it up - trend or stages. If it's trending it can be messy to find an entry.
When you first got PIB you said you were not fast enough to catch the 1 min reversal. The funny thing was you played a difficult trade perfectly - you needed a good level of expertise to take the short entry. Not only that, but if the gameplan was up you were trading countertrend and that's harder again.
Here's what made me laugh: it reversed on a channel PP cross - the very place you focus on a reversal! Much easier than the fast countertrend trade you took.
Lesson: Figure out direction of pressure and watch obvious reversal points. You said it was too fast: I think you were not watching the right place.
I've marked on the chart your brilliant exit. 10/10 on that trade... but you missed a far easier reversal with PIB! But all part of the learning curve and going the right way.
When you first got PIB you said you were not fast enough to catch the 1 min reversal. The funny thing was you played a difficult trade perfectly - you needed a good level of expertise to take the short entry. Not only that, but if the gameplan was up you were trading countertrend and that's harder again.
Here's what made me laugh: it reversed on a channel PP cross - the very place you focus on a reversal! Much easier than the fast countertrend trade you took.
Lesson: Figure out direction of pressure and watch obvious reversal points. You said it was too fast: I think you were not watching the right place.
I've marked on the chart your brilliant exit. 10/10 on that trade... but you missed a far easier reversal with PIB! But all part of the learning curve and going the right way.
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