Intraday FX Player
- Thread starter CFerret
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got the game plan allright and got a big chunk out of the move (without game plan this wouldn't have worked out) in two moves: short from 635 to 614 and again from 609 tot 591.
Probably should have played this last one differently: thought it was going lower (had 566 in mind as a target on the downsloping channel on the hourly chart) but put my stop too tight so got stopped out.
Probably should have played this last one differently: thought it was going lower (had 566 in mind as a target on the downsloping channel on the hourly chart) but put my stop too tight so got stopped out.
Quote from CFerret:
Yoohoo,
As I posted here today, I saw a gameplan as a down move and shorted it even, just again simply didn't have balls strong enough to rollover it into higher timeframes and simply tooks some profit instead of holding for a double digit % gain...
Then you absolutely did the correct thing. If it takes balls you're gambling... something's wrong in you psyche... no harmony. The fastest part of your thinking is not performing yet and that's perfectly normal. You have got part of the picture and the fog takes time to clear and something inside is telling you you have not cracked it.
I saw your gameplan and that you closed out early. It is just linking things up and that takes time. For me this was a no brainer down but I traded the 1 min and used the 5 min as my guide.
I was expecting and ABC on the 5 min - took A and went short B looking for a C up reverse signal that never appeared when it broke down. I was aware of the bigger direction and just before the move down my 1 min called down and I realised this was it....
BUT I had a few aces that you have not caught on to yet. Emotion - it was an absolute no-brainer. That was the big reason I don't use my balls to trade. It was clear where the Supply & Demand was and once that breaks it's a waterfall.
The daily chart here is the EMTL's I've posted for a week now. Break of the red dotted and return before the fall. But the close before this return tipped the Supply-Demand.
It's exactly the same on the hourly. You need to read Candles & Bars and know this inside out. Next is Horizontals & Diagonals in EMTL's. There is a close that is the equivalent of giving you balls - except it's a relaxed come to me baby feeling. Can you see the horizontals that tell you all you need to know?
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