Intraday FX Player
- Thread starter CFerret
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My view of large timeframes now is the following:
we're in an up 4h channel and also classic box pattern have formed on 1h just above recently broken support.
What makes me think it's going to continue up and at least test the upper channel line of 4h channel...
Tomorrow we'll see if my view is correct or wrong.
we're in an up 4h channel and also classic box pattern have formed on 1h just above recently broken support.
What makes me think it's going to continue up and at least test the upper channel line of 4h channel...
Tomorrow we'll see if my view is correct or wrong.
hmm, I'm reading this just a little bit different, I agree on the 4h looking rather bullish, but we went up rather quickly on friday(big movement of 140 pips in three hours), formed a box and broke this on the downside in the final hour, so I personally think we are going to see a (minor ?) pullback first before we go any higher.
Game plan Monday,
I estimated that the open will be around the friday high area (25700 level) or higher, and make a run to the top of the Long Term Channel in the early hours of the morning (10:30am, to around 25900 level, marked A), since the previous up move is not finished yet, (the graphs show two friday afternoon boxed in red).
After reaching the top of the channel, it will come back down, and start to develop resistance around the agressive trendline or between the Friday's high level and the Friday close level, (between first and sencond vertical grey line, around 11:30, around 25650~700 level, marked B), in the one min time frame, it there will be a PA signal, and my estimate is that it will develop into a triangle, and price will further drop in a slower manner to the friday low area around 12am around the 25500 level (marked C), and a slighty rebounch before lunch close on 12:30, I would expect a close between Friday's close and Low around 25500~600 level.
Lunch open should subject to N225 and KOSPI11 (which close at 2pm HK time, 30 minute before HSI open from lunch). If N225 done well, we would open above lunch close, make a run for the top of the channel again, and I would expect a continous signal around 3pm, after the first 30min of trading. If N225 close down, the lunch open will be flat or slightly gap down and another wave of down trust to the bottom of the Long Term Channel, my guess it's it will touch the channel bottom around 3:30 at 25400 level (marked D)and rebounce for a close.
I estimated that the open will be around the friday high area (25700 level) or higher, and make a run to the top of the Long Term Channel in the early hours of the morning (10:30am, to around 25900 level, marked A), since the previous up move is not finished yet, (the graphs show two friday afternoon boxed in red).
After reaching the top of the channel, it will come back down, and start to develop resistance around the agressive trendline or between the Friday's high level and the Friday close level, (between first and sencond vertical grey line, around 11:30, around 25650~700 level, marked B), in the one min time frame, it there will be a PA signal, and my estimate is that it will develop into a triangle, and price will further drop in a slower manner to the friday low area around 12am around the 25500 level (marked C), and a slighty rebounch before lunch close on 12:30, I would expect a close between Friday's close and Low around 25500~600 level.
Lunch open should subject to N225 and KOSPI11 (which close at 2pm HK time, 30 minute before HSI open from lunch). If N225 done well, we would open above lunch close, make a run for the top of the channel again, and I would expect a continous signal around 3pm, after the first 30min of trading. If N225 close down, the lunch open will be flat or slightly gap down and another wave of down trust to the bottom of the Long Term Channel, my guess it's it will touch the channel bottom around 3:30 at 25400 level (marked D)and rebounce for a close.
Quote from yoohoo:
(A) suddenly felt that in da 1min PA, the exact entry is not as important, as long as you as long as you can keep it low risk..
4/10 (unless you are using the 5 min chart)
(B) YH, looking at the charts posted last night, suddenly have a feeling in my head, what if tomorrow it open high, and goes up? a reversal PA in 1min TF might show up on around Friday's high level.. or it might just sail pass previous' high of day, and go to the channel, and I expect to see that hitting the channle tops, and show a reversal PA, but before, there will be signals from 1min TF to go continuation....
1/10 (for asking)
And it keeps going in my head, is it normal?
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(C)
1/10
Will, I already know Monday's game plan. That was my challange to you and others. Tell me what will happen and how you will attack it. No what if's
hi YH,
(A) Will foucs on 1min, not using 5min to trade, i know I need to go aggressive on the entry, but felt that, in case I missed a K/R in 1min, I would do the 1-2-3 after that, maybe I feel too secure about this?
(B) Sorry about asking the question, about starting to develop a feel on the market, asked that, coz it's just so new to me.
(C) Game plan as posted above.
Dear CV,
thanks for the post CV, I know I am pushing myself, but somehow spending this weekend alone, I have time to catch up on works need to understands PA, so decided to knock myself out with it.
Yes, every skills need time, practice and experience to develop, will let it flow
willeung, I think you will find out (if you haven't allready) that YH is an excellent motivator to push yourself to a higher level, allthough he sometimes forgets he has got this vast knowledge which takes lesser traders a lot more time to incorporate everything 
and things that seem perfectly easy for him can sometimes still make me have to look three times at my screen untill I go 'aha, of course, should have seen that one' (that's why it keeps on being a good idea to keep repeating the same 'old' things over and over again, YH, practice makes perfect as they say)
and things that seem perfectly easy for him can sometimes still make me have to look three times at my screen untill I go 'aha, of course, should have seen that one' (that's why it keeps on being a good idea to keep repeating the same 'old' things over and over again, YH, practice makes perfect as they say)Quote from cvds16:
willeung, I think you will find out (if you haven't allready) that YH is an excellent motivator to push yourself to a higher level, allthough he sometimes forgets he has got this vast knowledge which takes lesser traders a lot more time to incorporate everything
agree, CV
Quote from Willleung:
hi YH,
(B) Sorry about asking the question, about starting to develop a feel on the market, asked that, coz it's just so new to me.
Hey Willl ask whatever you want - sorry if I gave any impression that your questions are not welcome. I am well impressed with the effort you are putting into learning and revising and always glad to answer if I can.
It's impossible to put this much effort in and not see the pieces fitting together but it will be 3 steps forward, then you add to your knowledge and when you try to apply it you move two steps back before another surge forward.
But you have a good grasp on what's required and the willingness to apply yourself and I think it's great you are applying this to the HSI - looking forward to seeing big returns for you over the coming months.
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