Intraday FX Player

Status
Not open for further replies.
Quote from Pension_Admin:

Everyone need to do their own analysis and prediction. They can't just rely on someone else. If it's wrong, just get out. :)
More...

Ok thanks. You'll notice sharing analysis is what we are about. I'll take it then that your approach is the same as you detailed last time - feelings and trading against the trend for hours.
 
Quote from Willleung:

When a counter trend up trend, ends (let's say a 1-2-3) in the immediate TF (1min), and also a failure of test through a Trendline or MA at upper TF (5min), do you ingore the filters in the immediate TF? (ie, still not very bearish)
More...

Here is the graphs

Would have take the trade, if it comfirmed the filter. (EMA34) Here is the graphs, should I take the trade at the 1-2-3 BO (A) or at the break of the immediate, counter trend TL (B), comfirms with the filter?
 

Attachments

Quote from Willleung:

thanks a lot for this explaination..

Just wanna ask, failure of testing through a Trendline or MA at upper TF (5min).

When a counter trend up trend, ends (let's say a 1-2-3) in the immediate TF (1min), and also a failure of test through a Trendline or MA at upper TF (5min), do you ingore the filters in the immediate TF? (ie, still not very bearish)
More...

Willl, not sure I exactly grasp what you are asking... remember I'm Irish and like pictures ;)

If the 5 min is bearish but it's not looking bearish on the 1 min (this is common) it can be because the 1 min will pop up and then fulfill the 5 min expectation... OR... the 1 min begins a messy slide. There are many permutations and indicators help me to get in with a very tight stop.

Good PA reading skills sure help and if you have an example you can screen capture I'll do my best to give a more precise answer.

Apologies if I'm well wide of what you are asking.
 
Quote from yoohoo:

Willl, not sure I exactly grasp what you are asking... remember I'm Irish and like pictures ;)

If the 5 min is bearish but it's not looking bearish on the 1 min (this is common) it can be because the 1 min will pop up and then fulfill the 5 min expectation... OR... the 1 min begins a messy slide. There are many permutations and indicators help me to get in with a very tight stop.

Good PA reading skills sure help and if you have an example you can screen capture I'll do my best to give a more precise answer.

Apologies if I'm well wide of what you are asking.
More...

Thanks a lot YH, here is the graphs

Would have take the trade, if it comfirmed the filter. (EMA34) Here is the graphs, should I take the trade at the 1-2-3 BO (A) or at the break of the immediate, counter trend TL (B), comfirms with the filter?
 
Quote from Willleung:

Here is the graphs

Would have take the trade, if it comfirmed the filter. (EMA34) Here is the graphs, should I take the trade at the 1-2-3 BO (A) or at the break of the immediate, counter trend TL (B), comfirms with the filter?
More...

Willl, the answer to your questions are simply... yes, yes and any other signals are yes too. Let's look at what's happening here.

Don't know your TF but 1. You have a wide bar top and in a lower TF I would expect a fluid move reversal so fast traders will short there. 2 You have a Channel Top (and also A-B-C height) so fast traders will reverse there. 3. You have a Doji and the next wave of sellers short there. 4 Next an Evening Star reversal brings in sellers. 5. Then 1-2-3 short sellers enter along with 3-Bar reversal traders. 6. TL break and those using Fib MA's go short.

This is happening in every TF - waves of traders and the bigger the TF usually the bigger the sellers. Point B is my last resort - very late and big stops with a fair chance it will return to the TL at a higher level and stop me out before running your way.
 
Quote from yoohoo:

Willl, the answer to your questions are simply... yes, yes and any other signals are yes too. Let's look at what's happening here.

Don't know your TF but 1. You have a wide bar top and in a lower TF I would expect a fluid move reversal so fast traders will short there. 2 You have a Channel Top (and also A-B-C height) so fast traders will reverse there. 3. You have a Doji and the next wave of sellers short there. 4 Next an Evening Star reversal brings in sellers. 5. Then 1-2-3 short sellers enter along with 3-Bar reversal traders. 6. TL break and those using Fib MA's go short.

This is happening in every TF - waves of traders and the bigger the TF usually the bigger the sellers. Point B is my last resort - very late and big stops with a fair chance it will return to the TL at a higher level and stop me out before running your way.
More...

hi YH, that's a 1min, and the top is the bounch from the 5min TL (EMA34 for me, close enough)

I see the Channel Top formed, but on 1min, it didn't break the TL (nor the EMA34) when da 1-2-3 breaks out, I know it's the counter trend ending when it happens, but it wasn't bearish enough (TL or EMA34); guess I should ingore the 1min TF fitlers, since it is a bigger events on 5min TF, while the 1min TF's PA do look good?

Use the 5min for the bigger picutre and bigger event and if 1min PA looks alright, ingore minor details?


Suddenly had a thought that, when I first start out, read somewhere on ET, to learn to ride monster trend, this is hard work.. :( :p :D
 
Status
Not open for further replies.
Back
Top