Intraday FX Player
- Thread starter CFerret
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Nice one. Last Friday I was saying I was expecting a change in structure and that would probably fit in with this item from Banjo... I wrote probably a sideways move with a 600 pip height and before the news release said it was up, up and away - one ATM to sit in and ride.
Well we are up close on 300 pips for 4.5 days of sitting - how hard is that? Of course if you trade the swings there's a lot more than 300 pips available.
The sideways channel is an educated guess and may not develop but one thing I was convinced of was that it was time to bottom fish for a big one.
So what's the point? Daily gives you 4 hr - gives you 1 hr - gives you 5 min - gives you 1 min. Then according to your skill level you decide to trade it or swing it. It's usually not hard to get 600 pips out of a 300 pip range if you know what you are about.
Money for old rope.
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