Intraday FX Player

Status
Not open for further replies.
Quote from yoohoo:

ok - here's a rule of thumb...

when you have a decent move (that's relative the the action that day), just buy support and sell resistance with a close stop.

There's a good chance the swing up is complete and good profits are in store on a reversal short, but a close stop lets you reverse long again if there's a breakout trade up - again close stop.
More...

Theme of the tread, I guess?

Correct area to pull an agressive entry, close stops and large pay off gives you the edge.
 
Quote from Willleung:

hi YH,

From pervious post, you meant Doji a lot, what's your take on that? and you look for Morning/Evening Doji Stars as pattern also?
More...

Sorry Willl I meant to get back to you on this. You need more information than a candle signal in most cases. Look left to see what happened at this level... any S&R? Is the Doji coming after an impulse or a short move? Any TL's? Indicator signalling? Other TF's signalling?

As far as Morn/Eve Stars etc. you should be in before those - our cause is earliest safest entries.

The only candle signals I instantly react to without further consideration are knives after a fast fluid move.
 
Quote from Willleung:

Theme of the tread, I guess?

Correct area to pull an agressive entry, close stops and large pay off gives you the edge.
More...

exactly - that's why I drew attention to the bottom signal - virtually same as Fri
 
Quote from yoohoo:

Sorry Willl I meant to get back to you on this. You need more information than a candle signal in most cases. Look left to see what happened at this level... any S&R? Is the Doji coming after an impulse or a short move? Any TL's? Indicator signalling? Other TF's signalling?

As far as Morn/Eve Stars etc. you should be in before those - our cause is earliest safest entries.

The only candle signals I instantly react to without further consideration are knives after a fast fluid move.
More...

YH,

Just very glad that you replies, YH; always something to learn from you..

Candlestick or PA, looks like you do the same.. look for S&R, and see how PA react to those levels, and S&R on different time frame, and see how PA reacts to it, alone with any clues from indicators..

Again, "earliest safest entries", you go hard and fast with agressive entries, meaning a tight stops and great R/R.

i was stick in a mind set this morning, and too foucs on a single time frame, or just da MACD. Find PA easy, but find judging the condition hard, guess I better pay attention on this (S&R)..
 
Quote from yoohoo:

exactly - that's why I drew attention to the bottom signal - virtually same as Fri
More...

the afternoon one, i saw it, and think to myself when it breaks it will go through da roof; couldn't pull the trigger...

couldnt' forgive myself not taking the morning continuation trade, cause I didn't see it..
 
Quote from Willleung:

the afternoon one, i saw it, and think to myself when it breaks it will go through da roof; couldn't pull the trigger...

couldnt' forgive myself not taking the morning continuation trade, cause I didn't see it..
More...

The great thing about trading like this is that if you miss a great signal there's a good one following soon after. But you have to be relaxed. Take it easy to start with and get some PIB so you feel positive. Take it slowly and build well.

If you don't feel good because you missed a signal it will screw you up. Instead tell yourself this is easliy within your ability and you will miss lots of signals to begin with, but every day you're getting better and the market will give you a million chances - there's no hurry at all.
 
Quote from cvds16:

nice horns with a pullback on 1 min about 20 min ago
More...

yes a reflex trade after the market has run for a decent time

well spotted

Willl did you see it?
 
Status
Not open for further replies.
Back
Top