Intraday FX Player

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Quote from CFerret:

Thank you. The 1min formed the classic double top and futures volume pattern was the classic for DT also (volume spike on the first top and significantly lower volume on the second top)....

Plus I viewed hourly picture as a possible top too,
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Sleepy markets often snap as Time overbalances Price.

Perfect CF. Reading a bullish bars condition and expecting a reversal Double Top rather than a B/o up is exactly what you should be able to do. Indicators often lead PA.

This is reading volume in relationship. It's exactly the same technique if there was a big time gap between the attacks at the same level - that's what I meant by volume relationships.

Also complex congestions are resolved using the same method. That was a perfect use of T as well as P & V - a proper PTV trade.

10/10
 
Thanks yoohoo!

Volume certainly added a new dimension to my analysis, it feels much more confident to pick reversals now as most of successfull ones are accompanied with proper volume picture.
 
Quote from magicdust:

Afternoon everyone. This morning I looked at the chart and was almost about to take the long which became the nice rally yoohoo referred to...but trading before the London open is not part of my plan, so I didn't. Would have been a nice start to the day! Still, we will see what this session brings.
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magic - if you want to trade this style you will have to discard or rewrite your trading plan. I've taken a look a a few of your posts and your progress would indicate you are ready for a much more fluid style of trading.

You don't need to miss an entry because you are waiting on London - just trade what you see as the charts don't lie. That trade was yours.
 
Quote from yoohoo:

magic - if you want to trade this style you will have to discard or rewrite your trading plan. I've taken a look a a few of your posts and your progress would indicate you are ready for a much more fluid style of trading.

You don't need to miss an entry because you are waiting on London - just trade what you see as the charts don't lie. That trade was yours.
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Appreciate the encouragement yoohoo. My trading is definitely becoming more fluid due to what I've learned from the thread. It takes a while to unlearn old ideas and assimilate new ones, but it's starting to happen.
 
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