Intraday FX Player

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Quote from cvds16:

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.
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wtg CV - good progress

guys are charging $4000 on the internet to help you bag that in a whole day ;)
 
Quote from yg10:

Anyone noticed bullish MACD divergence on 1hr chart?
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when you saw that you got your signal the odds were heavily in your favour for either a strong move or a pop up reverse down and run up. You gotta take it with a tight stop until you learn to reverse.

Well spotted and nice chart
 
Quote from CFerret:

Great! Then I know how they are constructed... :D

And do you consider signal to be the close above/below the EMTL?
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Fear & Greed = Supply & Demand = Emotion. When the close is below a rising EMTL a lot of people are not happy with their positions. Use horiz EMTL's too - this one was a double on the hourly (angular and horizontal) so it was a no brainer.

The the Bigger rules the Smaller - the daily kicks in... for now. If we close below on the daily we are looking at the bottom blue channel.

It took 4 hrs on the hrly to break but it was as Gann put it, time overbalancing price. Just means waiting in discomfort = let's get out and it's one way traffic.
 
I hope someone climbed all over that 5 min reversal short

warnings - fluid move and candles getting smaller as CCI goes into red zone

Expect a reversal signal

Doji appears

mini ATM

easy money - take it when it's available because structure is followed by noise and you will need to position trade.
 

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We're at the lower TL of a downchannel, so apt to reverse now...

Feel the need to regroup my trading approach a bit according to some new information, so will most likely not trade today, just watch, but will continue tomorrow...
 
trading sometimes seems like two steps going forward, one step back to go to new steps forward :D I know what you are talking about, sometimes had difficulty these last weeks absorbing all the info you and yoohoo gave me and had to regroup a few times :cool: same thing at times when I lost discipline and not adhered to a hard stop :mad: but the I'm getting better at the last thing
 
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