Intraday FX Player

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Yoohoo,

Ya maybe to be more calm I should really try to take some PIB and leave the rest running...

Plus of course watch the bigger picture and use it as a guide to hold or exit...
 
Quote from bkveen3:

I understand the divergence isn't a driving force I was just curious what was causing it. I understand I framed my question incorrectly but what I meant was.... This doesn't look like a regular divergence trade, what else is happening. Sorry for the trouble.

No trouble! Such questions and discussion of answers is what makes the thread worth reading...

Guess it was just another case of PA and indicator showing clues of activity of smart money which usually knows in advance where the market will go (at least to some degree).

Entering before news is becoming my habit already, so often PA and indicators are able to predict the outcome.
 
Extremely. Usually is correlation negative but it is more complicate. But for sure is one thing. If during European session the Eurostoxx50 starts unusually strong move Euro will react. And contrary - by Euro strong move Eurostoxx will react. Although most common is simultaneous starting of the movement however there are situations where is there short difference and in this case it is very good alarm.

Quote from CFerret:

I prolly will ad European indices too some day to watch how they interact with currency market...
 
Quote from Pholeuon:

Extremely. Usually is correlation negative but it is more complicate. But for sure is one thing. If during European session the Eurostoxx50 starts unusually strong move Euro will react. And contrary - by Euro strong move Eurostoxx will react. Although most common is simultaneous starting of the movement however there are situations where is there short difference and in this case it is very good alarm.

Cool, when I get stable with what currently learn will add indices as another tool...
 
Quote from Willleung:

nice view CF..


missed another Continuation signal.. saw it, couldn't pull da trigger..

spend too much attention on the indictor for this one too, should have go pure PA..

Will,

It's OK, happens all the time with me even after 100's of successful trades... Just keep doing it and it will come.
 
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