Intraday FX Player

For some reason bullish bias appeared and I didn't take the short around 26...

Another good lesson to SEE, but not QUESTION what you see comparing it to what you THINK... Thinking is for offline analysis, not for realtime trading!

 

Guys the only psychology I need is PIB – then get more aggressive.

Position play… El C you thought it was going up and poss breakout

I thought you might be right but I think down first… but what if I’m wrong?

I’m convinced I’m right so I take simple top – if I think it will swing and I’m wrong I’ll get out B/e with my pips intact

If I’m right a win big

Either way no pain

So I’m not giving back profits – I’m keeping them

But when I see 4/5 taps on a T/l and 5min not looking right I reverse long and then sell – like poker (I don’t play, just watch on TV) bluff them, so I’m long wanting short… now if you are right and this thing flies I’m ok… but in resistance I’m short again with PIB and no pain if I’m wrong

Pip bag filling up – no pain – no psychology – no giving back profits

Said this would be messy – that’s coz all the time charts didn’t line up together.. but that’s a bit ahead

Let’s keep this simple - that the S&R and buy sell sigs – learn to read 5 min and 1 hr

Look at 1 hr… El C you want up… u see the top and big run… look again at tails of pain – someone’s selling the supply

Look at everywhere there are tails – smart money hands over to dub money

So I want down

Hope I make some sense

look at S&R chart

 

And here we touched the initial target for my unsuccessfull swing short off top.

 

Yoohoo,

Thanks for the expansive response. Actually, I did not say it would break through, just mentioned that as one possibilty. A false break, followed by a down move, is perhaps more likely based on prior attempts. Either way is fine with me.

I will more throughly study your response tomorrow when time is not so much of the essence.

 

Very simple, but very effective attitude yoohoo, I like it... First get some PIB and then get more aggressive and give trade a chance to take the real pot...

 

810 was a good long on 1min... Watching more of these setups and getting more and more confident in them...

 

yes CF, 50 points is a reasonable swing and then the reverse can double it.

not unusual to have to jostle for position - think about what that means

I missed a 50 swing earlier cos I had my 1 hr chart covered with the 4 hr chart but got this one perfect

I read the swing wrong earlier coz I was looking at the 4 hr chart, and I let it shake me out several times - ok pips but not smart trading

but then got the 1 hr right and said time to get shark fin on

If you saw this as the conclusion of a down swing - what should you do?

Having said that, as we move into the point of this big triangle expect it to get messy unless we are gifted an early breakout

 

Dow taking a bit of a digging

 

Good short was area of 27.

 

they're making Irish Fx Stew