Intraday FX Player

Discussion in 'Journals' started by CFerret, Mar 26, 2008.

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  1. True... I began to look at 1h for S/R levels, but not yet sentiment clues. If I paid more attention to those, would consider longs in advance and wait specifically for long opportunities...

    Sorting it all out and learning to watch all these factors automatically is my current goal. :)
     
    #541     Apr 14, 2008
  2. Stopped out from short b/e and opened long @ 95.
     
    #542     Apr 14, 2008
  3. Yes, now obviously it's looking like an uptrend.
     
    #543     Apr 14, 2008
  4. what was the signal 25 mins ago on the hourly chart?
     
    #544     Apr 14, 2008
  5. Protected 4% profit as price above PP. Holding.
     
    #545     Apr 14, 2008
  6. Have no idea what a signal it is... Looking just like two bars with tails under PP. :confused:.
     
    #546     Apr 14, 2008
  7. bit of revision: do you remember a Continuation Signal? It's very close to catching the knife.
     
    #547     Apr 14, 2008
  8. Squared around T/L for about 10% gain... :p
     
    #548     Apr 14, 2008
  9. Hmm... I remember catching knifes is through the use of reversal bars... In this context that spot on hourly is indeed red candle followed by green candle... So kind of reversal up, but near the top... Is that a continuation signal you mean? I don't recall us discussing any specific continuation signals...
     
    #549     Apr 14, 2008
  10. OK, bit of PA revision. If you go back in you notes I told you about this set up. This is BOTR a Reversal Signal AND a Continuation Signal... it simply requires you to take the direction of the break.

    1. Perfect fluid move = high quality signal
    2. Different coloured candle
    3. Signal is: Reverse under OR Continue Above.

    This is my favourite trade: Catch the Falling/Flying Knife = Reversal but it's also Continuation if it breaks the other side.

    Look at the force of this trade. That's why it's high quality.

    You also had a beautiful engulfer to suggest up - that was what I mentioned about the "25 mins earlier".

    It bounced well on the channel I posted giving another clue as to it's intent.

    Like the Pin Bar - latest information is "tails" so you see tails. But like the Pin Bar it needs to be obvious. One tail ain't enough pain ;)
     
    #550     Apr 14, 2008
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