You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Intraday FX Player
- Thread starter CFerret
- Start date
- Status
- Not open for further replies.
It looks like you just gave the right speech for the right day this morning, Yoohoo
5 minutes became harder and harder to trade about an hour ago, with the hourly and 4 hourly pointing down, I made several scalps before that and now the 5 minute turned to mush I'm short from 1.5509 and just letting it run ... with a stoploss around the top of the downtrending channel
5 minutes became harder and harder to trade about an hour ago, with the hourly and 4 hourly pointing down, I made several scalps before that and now the 5 minute turned to mush I'm short from 1.5509 and just letting it run ... with a stoploss around the top of the downtrending channel
Must say that I am so thankful to yoohoo for literally forcing me (by describing in so many ways why it's better than staying just on higher timeframes) to move to 1min as a main entry TF.
Because during days like today was for several hours 5min is almost untradeable not even speaking of decent r/r, when at the same time 1min still gives early entries and allows to explot even small swings...
Because during days like today was for several hours 5min is almost untradeable not even speaking of decent r/r, when at the same time 1min still gives early entries and allows to explot even small swings...
After my initial skepticism, I have become a Yoohoo convert. Yoohoo has obviously thought deeply about trading, but even more impressive to me is his kindness and generosity, a rare quality on ET. Never a harsh word, always quick to congratulate, I will miss him if he goes away.
Absolutely,Higgs...... his wisdom and kindness is saving us years of study time and costly mistakes........if we listen and learn.
Great post,Yoohoo, about the importance of Time......Ive been exactly feeling this issue the whole time Ive been studying.....
Can you recommend any learning sources ....about Gann,and other things we should focus on. ?
Is there anything that would 'shorten' the learning curve and be a strong foundation to focus on...
So far, I know that developing PA watching skills is essential...and understanding trendlines, S/R points is essential....and the special 'tip off' indicators like horns,key reversals.....etc are important.
....I guess my question is.... is it possible to study anything in particular that would shorten the 'learning process' so that I can trade with 'enough' knowledge to Trust my knowledge.
Like right now,where I'm at....my trendline charts are very right on target.....but I still dont trust them enough, and so I fail to trade on them.
and I'm confident that Price will go there....but I dont know when,and in what manner it will travel ....to get there.
which relates exactly to what you just wrote about Time ....and timing.
I know I will get there with experience.....but what if anything, will get me there faster....anything I can learn and focus on?
I hope my questions might help others too....
Great post,Yoohoo, about the importance of Time......Ive been exactly feeling this issue the whole time Ive been studying.....
Can you recommend any learning sources ....about Gann,and other things we should focus on. ?
Is there anything that would 'shorten' the learning curve and be a strong foundation to focus on...
So far, I know that developing PA watching skills is essential...and understanding trendlines, S/R points is essential....and the special 'tip off' indicators like horns,key reversals.....etc are important.
....I guess my question is.... is it possible to study anything in particular that would shorten the 'learning process' so that I can trade with 'enough' knowledge to Trust my knowledge.
Like right now,where I'm at....my trendline charts are very right on target.....but I still dont trust them enough, and so I fail to trade on them.
and I'm confident that Price will go there....but I dont know when,and in what manner it will travel ....to get there.
which relates exactly to what you just wrote about Time ....and timing.
I know I will get there with experience.....but what if anything, will get me there faster....anything I can learn and focus on?
I hope my questions might help others too....
not exactly an easy day, but I managed to end it in a great way: made 15% on my portfolio. I have been trading mostly EUR/USD, some Hang Seng-futures in the morning, and a bit of NQ-futures in the evening. And that's while I still missing on several trades or don't exectuted them all perfectly ... this stuff really rocks ...
Quote from yoohoo:
THOUGHT FOR THE DAY: TIME TO TRADE â GET A CLOCK!
Watched the movie â21â over the weekend and as I used to be speculator (or as some call i.e. pro gambler) I thoroughly enjoyed it.
Great post Yoohoo,
Its funny how movies and trading can be alike. Yoohoo liked the movie and so for him its good. I hated it and thought it was bad. We are both correct and Like trading two people can have total opposite opinions and still be right.
I didn't come to post about our movie differences but rather to say how insightful I think Yoohoo is about time in relation to price and volume.
I use multiple time frames that may appear to be unrelated on their own paint what i think is a much more clear price picture.
I think you really need to be at the top of the game to be able to trade 1min FX price bars (or maybe a little bit crazy) thou.......
Best to you CF, Will
- Status
- Not open for further replies.