Intraday FX Player

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Yoohoo,

Guess it's another example of emotion line... :)

Indeed by using them breakout is seen much earlier...

I wrote unbroken then, cause with classic TL it was not yet finished BO.
 
Tom,

Of course your TL study examples are welcome. Don't think they can harm in any way, cause though we trade fast TF's, but still look at larger as well.
 
cvds,

I use % stops because my actual distance between entry and stop-loss varies from setup to setup (I told you about this already, but writing here all to understand) and I don't want to risk $200 and make (for example) $600 on one position and then risk $1000 on another same looking signals which just turned out to require larger stop.

That's why I vary position size to keep $$ risk in the same proportion to my account size for all positions taken no matter what stop distance position requires.

It's very simple approach really. Requires no more than beginning school math skills. :)

You keep in mind how much a pip is worth with what position size and quickly multiply by the number of pips when see upcoming trade. Takes just a couple of seconds after some practice. :)
 
Quote from CFerret:

Yoohoo,

Guess it's another example of emotion line... :)

Indeed by using them breakout is seen much earlier...

I wrote unbroken then, cause with classic TL it was not yet finished BO.
More...

I just clicked Reply and then thought, "Is CF using a Classic T/L?" Yes this is a great eg of how using EMTL gets you in before the herd.

Of course the place to be was Top reversal and Bottom reversal with PIB and ready for the breakout. These were very easy set-ups this morning.
 
Yoohoo,

Yeah I'm slow in understanding EMTL that's why still use classic... But it seems that I'm beginning to get what you mean by EMTL and will add them to my charts together with classic, to first get used to them and then depends on how dumb I am... :D
 
guys, coz you're late to the party you're not able to get the easy trend set-up. Not sure how you're seeing this. Here's my 2 min. I am using 2 min for you to help you get a feel for the trend and positioning.

The PP at 35 and holding the T/L was your last decent entry. Go for quality set-ups and don't be afraid to wait on them.
 

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