Intraday FX Player
- Thread starter CFerret
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This is what many traders seems not understand. Indicators are not driving any movement. However often they are reflecting some activity that at the end will cause jump or parabolic move.
Btw, from by me observed equities the move started in Eurostoxx50 with very rare giant jump at this index /just few times in year it is acting like grasshopper and not like locomotive/ and short after it was transferred to many commodities including forex. There definately must be some important news but like always - the more equal peoples knew about it in advance.
Btw, what a coincidence, the big jump in Eurostoxx 50 (compared to the daily range by less volatile days at this index) was stopped to the tick at 100 days EMA on daily. I am sure that big bank computers were programmed - stop it here. And other black boxes reacted spreading the move in many other futures and currencies.
Btw, from by me observed equities the move started in Eurostoxx50 with very rare giant jump at this index /just few times in year it is acting like grasshopper and not like locomotive/ and short after it was transferred to many commodities including forex. There definately must be some important news but like always - the more equal peoples knew about it in advance.
Btw, what a coincidence, the big jump in Eurostoxx 50 (compared to the daily range by less volatile days at this index) was stopped to the tick at 100 days EMA on daily. I am sure that big bank computers were programmed - stop it here. And other black boxes reacted spreading the move in many other futures and currencies.
Quote from CFerret:
I wish I just held it and not exit at all so far...
CF when your CCI on the 15 min is screaming like that, unless you get a news driven big move in a few minutes, you gotta give PA time to work out that energy in that TF.
When I talk about energy built up in the Hr chart, that's what I mean. I use the CCI to help give me a feel for the likely strength of the move and the rule is what we use in one TF we use in all TF's.
When you have PIB try taking half off and leaving half on until you can learn to leave it until you would see a reversal signal. Never let the half you leave on run into a loss or get stopped out, but allow it to pull back.
Remember if we use an EMTL from the top down, we need a pullback to give us the angle of the TL so when you got a bigger CCI TF, let the 1 min pullback and continue.
Even your 2 min CCI was begging to exhaust itself. Having said that, well spotted that indicators can scream hit the mouse for an ATM move.
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