Intraday FX Player

[Willleung]

Quote from CFerret:

Yes, 2% is the maximum risk per trade (not counting theoretically possible slippage cause of news spike or like that if such a case of course).

But often I get out of a losing trade for a smaller loss. All depends on PA.

How was your HSI day Will?

CF,

when we first start, each of us should have a mentor, on PA, instead of going with conventional wisdom from books and systems and shit.. .

HSI been bored.. not much action in the afternoon.

 

[Willleung]

Quote from CFerret:

OMG, 100pt range in HSI is DA CRAP...

Well, practice now so you'll be ready for a paradise like last October.

well opportunties (something that noiseless enough) are still there, maybe once or twice a day..

but we ain't seeing much late afternoon actions this week..

Chinese's nation day on First of May (Thu), guess this is a holiday week..

Might go to China to spend sometime with GF, and take it easy for the rest of the week..

CF, the signal after a fail signal (for example, short after a fail high), from your experiences, are they good trades? (got trap yesterday morning, then missed a good one) still thinking of that trade

 

[CFerret]

Quote from Willleung:

CF,

when we first start, each of us should have a mentor, on PA, instead of going with conventional wisdom from books and systems and shit.. .

Should... But we weren't happy to have one back then when we just started... Though many people helped and help now of course, but still - titbit here and there and you learn the rest yourself... You know, we went through it together.

As for PA... You know, I think no mentor would substitute screentime... So we're in not so bad position. Screentime without a mentor is better than mentor without screentime.

 

[CFerret]

Quote from Willleung:

CF, the signal after a fail signal (for example, short after a fail high), from your experiences, are they good trades? (got trap yesterday morning, then missed a good one) still thinking of that trade

From my experience reverses are dangerous in total chop. But in a strong market yes, failed long is often an excellent short (and wise versa).

 

[Willleung]

Quote from CFerret:

As for PA... You know, I think no mentor would substitute screentime... So we're in not so bad position. Screentime without a mentor is better than mentor without screentime.

you sounds like a guru now, look what that crow is doing to you.. LOL..


well, I agree 100%, and yes, we are in OK situations, not messing with charts and systems no more

actually, with PA, it's ok to use some Fibonacci nowadays, at least you have a platform to work with it shit, this is black magic

 

[Willleung]

Quote from CFerret:

From my experience reverses are dangerous in total chop. But in a strong market yes, failed long is often an excellent short (and wise versa).

CF, I am talking about real reversal signal, rather than just fading it..

ie, a short signal after a fail long..

 

[CFerret]

Quote from Willleung:

you sounds like a guru now, look what that crow is doing to you.. LOL..


well, I agree 100%, and yes, we are in OK situations, not messing with charts and systems no more

actually, with PA, it's ok to use some Fibonacci nowadays, at least you have a platform to work with it shit, this is black magic

Guru? ROFL! Where did you see a guru saying newbies doesn't need no f***ing guru, but just the opposite is the best - personal practice...

As for Fibs... Maybe I should, but don't use them. Enough lines on my charts without Fibs.

 

[CFerret]

Quote from Willleung:

CF, I am talking about real reversal signal, rather than just fading it..

ie, a short signal after a fail long..

Even better IMO. Just I said so in previous post cause very often failed long automatically means appeared short signal.

 

[Willleung]

Quote from CFerret:

Even better IMO. Just I said so in previous post cause very often failed long automatically means appeared short signal.

freezed yesterday, shame on me..

 

[Willleung]

Quote from CFerret:

Guru? ROFL! Where did you see a guru saying newbies doesn't need no f***ing guru, but just the opposite is the best - personal practice...

that just make you more ZEN..

Zen Trading Guru, this is very sellable..

need a pony tail on your head ASAP