Intraday FX Player

Was excited because of the short and missed just another great short off PP...

 

Glad to help guys. Good shootin CF - double your income is the goal this month as a min

 

Working on it...

Though honestly it's the case when "eyes are scared of what hands are doing"... Such results in such a liquid market as FX still feel like a fantasy becoming reality...

 

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HI yoohoo

double what?

What does a typical reversal (of yours)
look like please?

How many ticks do you use for this pair?

Mind showing a chart?

Thanks for taking your time.

Charly


CF: thanks for the reply

 

Charly, 4 questions…

1. this comment was directed to CF and he knows
2. there isn’t a single “typical” reversal… check the thread for some examples
3. ticks used for this pair? Sorry, don’t understand the question.
4. Show a chart? Again check the thread for examples

You are familiar with some of my past work – think you read Interesting Charts thread. Really it’s just what you already know. Not being evasive, but there are so many reversal signals but there are examples in the thread and how to use them.

 

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Thanks a lot -

2. I'm confused regarding reversals.
Are they something like 'outer
days'?
3. How many ticks per chart - just 1?

Thanks again.

 

ok Charly - you question about reversals helps clarify your thinking. You got a lot of homework ahead but start by going thru the thread - there are several examples. It's not just reversal patterns, but where to use them that is in this thread.

When I get a chance I'll pm you with some resources - but only if you tell me you've read the thread, lol.

Ticks? 1 per chart? You lost me here. Fx moves in pips but I just can't understand the question - sorry. Can you rephrase/expand?

 

Tomorrow I'll provide some examples of bar reversals in confluence with another reasons to trade (channels etc).

 

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I keep you busy - sorry lol

Thats the post that made me ask - apart
from ticks or pips (obviously):

>>Noticed two potential trades (didn't take them cause they're new and were not so obvious):

short (visible on tick chart) from ~70 to PP and bounce long from PP which would still be active.<<

Thanks again - yoohoo -
would you care for a drink?

Charly

 

ok Charly, am I going to get you to read the thread lol?

You'll see a tick chart posted and a reversal signal.

You can display your intraday chart data in different way such as time, volume, range, tick, point + figure, etc., etc.

This was a reference to a tick chart complete with suggested settings, uses, advantages and signals.

If your software doesn't allow you to display tick charts then you obviously won't know what we are talking about. If it does - it's time to experiment. Compare it to minute charts and see what you get.

Different data vendors will have very different tick charts. Because IB samples data there are a lot less ticks than say eSignal so the tick settings will be very different. Again, just takes a bit of experimenting to see what speed suits your trading style.

I'll take that drink next time I'm in Germany