Intraday FX Player
- Thread starter CFerret
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It's a feeling from shorting it for the past 6 hours.
ok - we don't trade feelings - but if you have a great track record on your feelings but can't explain them read Blink.
If your feelings don't consistently make money - learn hard and fast set ups and rules.
CV, just figured out what you were doing. 2 faults - too short a T/L so it's not connected properly. Remember what i said about getting a frame of reference?
2nd - why didn't you take the obvious trade lower/earlier with the tails. Then even with an incorrect T/L break you've got PIB.
See chart
If your feelings don't consistently make money - learn hard and fast set ups and rules.
CV, just figured out what you were doing. 2 faults - too short a T/L so it's not connected properly. Remember what i said about getting a frame of reference?
2nd - why didn't you take the obvious trade lower/earlier with the tails. Then even with an incorrect T/L break you've got PIB.
See chart
As much as I like it to have another leg down--like how it did historically, I just have a bad feeling it is gonna shoot up.
There a guy I know who correctly called the 1987 crash. He had a feeling it would go down, so in 1981 he started to call the crash and he did so every year. In '87 he was on the radio/TV for calling the crash that year. "See, I told you so!", he said.
We are trading the 1 min set ups and before that learning how to trade the 5 min charts. We try to pin-point longs and shorts within any up or down trend. So if your feeling is correct it still won't help us.
As I said, if your trading skill is at a very high level, you will develop a "feel" before your mind seems to have made an analysis. If this is correct and you have a high success rate, you are operating at the most skilled level.
But you can still analyse what you are feeling and bring concrete reasons for the rest to benefit from. If you can't do that, imho you're on thin ice.
Short on the next up.
Is it going to break support?
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