Intraday FX Player

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Quote from yoohoo:

Good chart and good analysis and you still might be correct at EOD if we get a wick under the support and body resting above support of even higher.

What makes money is how you develop and trade your analysis. Simply buying support and selling it's break would make money, but the real money is trading the small T/F. PA rose off this support, formed a triangle with a horizontal top with 3 hits... so sell resistance was the rule and that fell hard for an easy 65 pips.

Trading short like this is still not going against your big chart view. The falling knife reversal long (best seen on tick) would put you in a position to capitalise on your bigger view - which I'm watching as well because the 2 day chart shows this as crucial support.

If the reversal continues it could be a huge run up, but the rule is kick the participants out first. That could have been it.
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Now up approx 150 pips... luv it when a plan comes togther
 
At this moment working with indicators is just like starting to trade with 5 different timeframes on my screen ... I just see nothing anymore :D hope it will grow on me
 
Quote from yoohoo:

yea but you took the trade and made a profit.. the rest will come
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Yea, thanks! More signals more profits... And I always liked CCI for ability to show absolute tops/bottoms from time to time... :p
 
Quote from cvds16:

At this moment working with indicators is just like starting to trade with 5 different timeframes on my screen ... I just see nothing anymore :D hope it will grow on me
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LOL, yes that's power for the course. Even a change of software throws you off when you are looking at lots of charts. Don't try to get too fancy too soon... use a big setting like CCI 18 or even 21 to begin to see how the hand-over from TF to TF is looking on the indicator.

Your brain had an image burned in to your minds-eye and now it's gone... don't worry it will come back fast.
 
At the start of the day I described what I thought PA would look like at the EOD. The move down was false and I thought we'd have just a wick under the support, with a massive move up.

This visualisation was PA & Indicator based - very profitable and our techniques allowed top and bottom entries and great swings in between and almost always in trading.

When I read the hourly and 4 hr it's always PA & Indicator based and usually very accurate for a prediction many hours in advance. But using the exact same techniques on the 1 min means I am never caught out should the gameplan change considerably.

All I care about is the next swing and knowing if I'm on an impulse or counter trending. The rest takes care of itself.
 

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