Intraday FX Player

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Quote from yoohoo:







Some of you had asked me how I know where the top or bottom is. Well here's a good example of educated guessing because it looks mature. You work you way into the trade by taking the signals in the lowest TF you can use because sometimes PA reverses straight away and runs and runs. But sometimes it has a little pullback and continues. Trading isn't about being a prophet of a future Time & Price reversal; it's about making a profit trading what you see in real time. Believe me, that's so much easier!
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I like all of what you've written, but especialy the above....
When told on a forum on Sunday by another trader that he thought EUR was going down, i thought that April's high (1.6000's)looked like the logical target for the current price action...but even so, anticipating such move and actually trading it, is two different things, intraday PA will show the way, like it did tonight(i only picked up a small portion of it).
We had two easily tradeable consolidations.
 
I am Going with swings
and mixed porfolio

USD/ZAR B
USD/ZAR B
USD/SGD S
GBP/CHF S
GBP/JPY S
AUD/NZD B
EUR/NZD B
AUD/USD B
NZD/USD S

Trend on those are for a month


starting with nzd/usd
and usd/zar

and adding with 50 to 90 pips
 
OK Guys
Out of the USD/zar
with some 20 Pips

Out not cause Its Not a Buy...It takes 5* times the Margin Req
Analysed all
now in MKT with with these holding for a month

EUR/NZD B
AUD/NZD B
EUR/GBP B
AUD/USD B
AUD/JPY B
NZD/USD S
GBP/JPY S
GBP/CHF S
GBP/AUD S
GBP/AUD S
NZD/USD S
USD/SGD S
 
Quote from yoohoo:

Trading isn't about being a prophet of a future Time & Price reversal; it's about making a profit trading what you see in real time. Believe me, that's so much easier!
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Quote from baron193:

anticipating such move and actually trading it, is two different things, intraday PA will show the way,
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well said guys..

I found that once I stop anticipating, and try to let the market to show me (by PA), things are much easily. I used the term "ego" when i talk to CF about it...

Still easy to feel confidence without ego, still need way more expereince :)
 
Quote from yoohoo:

remember very toppy cycles. Run your TL along those 1 Hr highs that really stick up proud.
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ATM top was as simple as a TL on the hourly or 1 min. Toppy cycles gaves us way, way over 100 pips and as usual the turn happened well in advance of news so when it got whippy at news time you could play it if you had the skillset or ride thru it if you preferred to sit in your position.

Sometimes you have to be clever and fish for the reversal and that can be profitable in itself. Many times however it's a no-brainer like this chart.
 

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