Intraday FX Player
- Thread starter CFerret
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searching for direction a bit this morning: one minute was quite messy over the last two hours, and 4H looking up, with retracement on 1H which made things overall not quite clear. So followed yoohoo's advice and went to have a look at 15 min, which I normally don't have up where downtrend became more clearer, making me go short at 34 so going to play this from the 5 min.
cvds, I've noticed you play the early mornings before London open. It must be difficult as these are often quiet times of consolidation and tentative probing before the optimal time for swings. Have you adapted your approach to make the most of these conditions? I myself tried to play the Tokyo session as the time zone suits me, but I found it frustrating, and requiring a lot of relearning as price moves quite differently at that time of day.
yes you are very right about this, at times it's very frustrating seeing all these great moves while I am at my dayjob and I am not able to trade.
I try to solve this problem by looking at the different time-frames and going with the one that seems to fit best (1 / 2 / 3 / 5 min) while having the big picture in mind. But frankly there seems to be no real good way around it: you know you are going to take more small losses than in other periods of the day, you can only hope you get one (or more) really big move that more than compensates for this. Also a few small profits can add up. The best moments to trade remain the European session though IMO.
I try to solve this problem by looking at the different time-frames and going with the one that seems to fit best (1 / 2 / 3 / 5 min) while having the big picture in mind. But frankly there seems to be no real good way around it: you know you are going to take more small losses than in other periods of the day, you can only hope you get one (or more) really big move that more than compensates for this. Also a few small profits can add up. The best moments to trade remain the European session though IMO.
yes it's definitely true, I'm thinking of getting up an hour later (now up at 5 AM CET) because the lack of sleep is killing me and 9 times out of ten, basically nothing is happening. It used to be better two months ago, if I recall well. Let's hope I soon can get to the point where my account is big enough to start doing my dayjob parttime and trade half of the eurepean session. My target for this is fall, with a little luck ... and no more messing about in SIF's (they seem to give me a few days of decent profits only to make me give it back in spades in an awfull session, 
, they seem like an obsession, I have been trying all kinds of ways to trade them, guess I will have to throw in the towel there and concentrate on the much more consistant and profitable euro)
, they seem like an obsession, I have been trying all kinds of ways to trade them, guess I will have to throw in the towel there and concentrate on the much more consistant and profitable euro)Yea cv, of course it's easy to say for me, when I easily wake up @ 10AM and start trading @ 12PM... My timezone turned out to be good for EURUSD trading.
But I am sure there is a way to correct your schedule so that you would sleep enough and trade effectively... Maybe skip later US session as it's often pretty choppy?
But I am sure there is a way to correct your schedule so that you would sleep enough and trade effectively... Maybe skip later US session as it's often pretty choppy?
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