Intraday FX Player

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Big TF's gameplan looks the following to me: we had a nice fluid selloff from the triangle on top and now PA across all big TF's is suggesting a retracement up...
 
Quote from CFerret:

ammo,

IMO it's a myth that certain indicator settings "work" or "don't work" from market to market and timeframe to timeframe.... From my experience MACD setups are exactly the same on 1min as on 1 week charts....

What really needs to be trained is a trader's mind to see what indicator really shows and what it does not.

Some adjust indicator settings to those which are seen better by them (of course it's absolutely OK, cause we all have different perception of reality through the prism of our unique personality)... Some simply take standard setting and practice with it enough so that it also begins to "work" for them...

IMO any indicator with any settings is like a carpenter's tool: a lot of different hammers exist for example and they all "work" in skilful hands and for sure are cause of painfully hit fingers in unskilful... :D
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good point, and don't take things at face value, something that work for someone, might not work for you :D

look into it, discover what's in the concept/idea/indicator/indicator settings.. :p
 
Morning all. In transition to a new platform these days, so can't trade live for a while. I shall keep close eyes on this thread though. :(
 
Quote from pipal:

Morning all. In transition to a new platform these days, so can't trade live for a while. I shall keep close eyes on this thread though. :(
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hi Pipal,

I upgraded with AAstocks.com after market hours yesterday too, I feel your pain :( :p
 
Thanks for your kind words. Seems like I will not be able in the market till next week. But meanwhile it's good to learn more from all you guys.

How's your Trader Vic's reading. I got 3 of his books, though I don't know how many his collection has.
 
Quote from Willleung:

shit, my order became the wall along with other's that added to it..

LOL.. the level was so bloody obvious
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You're becoming a big fish Will, LOL... :D

If seriously, bighog always had a practice of placing limits slightly before the level to get filled and not have this problem you just had.
 
i am the student here, let's learn together.. LOL

Just reading the book one trader's mind session, it's good stuffs..

Got distracted from my reading as i received a host SMS last night regarding Sicheung, turn da TV on trying to search for news etc... :(

Anyway just glad that they leaked the two major lakes, so there will not be sudden flood in the earthquake area.. :)
 
Quote from CFerret:

You're becoming a big fish Will, LOL... :D

If seriously, bighog always had a practice of placing limits slightly before the level to get filled and not have this problem you just had.
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hi CF,

oh yeah, I was trying to short with 10 tics stop loss again, LOL..

it's addictive.. :p

price did reach 316 in that bar, not sure it was my run or the run before, but in my run it went 315, and I only have 2 orders in front of me.. Need to do a 12 tic in the future.. :D

hi Ammo,

Here is my feed back on CCI(14, btw), I added that an hour ago, for my style it's way too fast, I do my trade on one minute wiht reference to higher time frame, MACD shows a better picture for those extented move (let's say 20 or 25 bars), BUT.. .

sometimes MACD is not really clear on change in immediate double/trible tops and bottoms; CCI(14) shows a good picture of stored energy around those area. If you think i sounds like JH, the short form is: it shows clearer divergences.

I like it, will keep it on da chart. :p
 
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