Intraday FX Player

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Quote from CFerret:

LOL Will... :D

Just dropped in to say hello to everyone and that I leave till Monday... :p
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Hey man, how was da party last night?

Spending this weekend alone, so want to catch up with the earlier part of da tread :D
 
Quote from yoohoo:

Thanks CV for a very honest post because it will help others who are on this journey and warn those who decide to transition from slow trading to very fast set-ups. It can really shake you mentally and emotionally. Anyone who has PM’d me has been told to take screenshots and write descriptions of every set up they use because I knew anyone who tries this and fails can be left in such a mess they can’t even remember how they used to trade a profit.

I trade sub 1-minute timeframes two levels faster than I have given much detail about here, but I can roll it over and over in timeframes so like 2 nights past I let a position run for 7 hours to pick up 100+ pips and then again from the 5714 low up for 100 points.

There are several examples in this thread of how I use time to know when a swing will be a big one and micro trade in at the very top or bottom and ride it. I am very much at ease and can trade every minor swing or just ride as I laugh, joke about and play guitar. But make no mistake I went thru some pain moving from a position trader who ran positions for weeks into month and now it’s not unusual for me to enter on a set-up that doesn’t even signal on the 1 min.

But as I mentioned earlier, the first thing you lose when you concentrate so hard on fast set-ups is the overall direction, so as you did yesterday, you take longs when it’s a no-brainer massive short. You were actually correct in the set-up… but you were counter trend trading and without the sharps-hooting skills to know when to reverse quickly rather than exit… and without the sense to understand how strong the downward direction was EVEN WITH ME CALLING IT… LOL.

And you know what… I’ve done exactly that too on too many occasions to want to recall. I’m not just blowing my own trumpet but I’ll state the truth, I don’t know anyone sharper than me. That’s not meant as a boast, it just shows confidence in 20+ years of hard work. And now and again I’m glad to pass on a little of what I know and do.

Years back I had something sweet going on a 2-monitor set up but I wanted to look at more charts and timeframes so I got 4 X 24” monitors and made my charts bigger and added twice as many timeframes. I so lost my bearings it took me a couple of weeks to be able to trade again. But when I did I traded sharper and faster. Changing the size of charts, the number of charts has an effect on your perception. Changing your speed is hypnotic at the start but then you make the breakthrough and it’s so worth it. Easy-peasy money and total relaxation.

So big well done to you. You even made a profit. I DIDN’T! If I can do it so can you. Enjoy. Yes it takes time to fit the timeframe puzzle together but it will come and I’ll continue to lend a guiding hand every now and again.
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great post YH, well worth a read for anyone just join da tread.
 
Quote from yoohoo:

Hey CF that's fantastic. Really makes me happy. When I trade now I don't think - just perform. They say it's impossible for a cricket batsman to see the ball when he strikes - it's all a built in reaction. That's what you're getting - intuitive trading when others just see noise.
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Another one.
 
Quote from Willleung:

application of da KR, by YH

http://www.elitetrader.com/vb/attachment.php?s=&postid=1893812

Hello YH,

you use do port the TL from Significant tops or bottoms rite? and run multiples lines depends on future tops and bottoms? The entry would base on higher TF S&R or TL?
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As a general rule, the bigger the TF the more significant the TL i.e. time in trade, but entry is always in as low a TF as possible. Often the big reversal is best picked up on the TL on the 1 min.
 
Quote from Willleung:

Hey man, how was da party last night?

Spending this weekend alone, so want to catch up with the earlier part of da tread :D
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Looked in and see you're doing huge work of studying all the thread from the start. :D

I'm alone too till late tomorrow, wife left to another city to visit her friend (she was close with her in childhood and they still meet from time to time)...

So studying some charts as well in quietness. :)

But guess will go for a walk to breath fresh air and relax...
 
Quote from yoohoo:

As a general rule, the bigger the TF the more significant the TL i.e. time in trade, but entry is always in as low a TF as possible.

Often the big reversal is best picked up on the TL on the 1 min.
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Hello YH, I only make trade entry on 1min, haven't entry on any higher TF since I start PA

Second Point note, actually would like to see divgence with indictors on lower TF for such, maybe playing too safe?
 
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