Intraday FX Player

CF,

Hi again! May I enquire as to your rationale for the "awesome" short setup at 47? Many thanks!

Greg

 

Sure Greg, one of the simplest setups ever possible intrading, as yoohoo likes to say - "no brainer".

Simply hourly resistance.

 

IB fixed the problem so hope for some nice trades today...

 

So we have kind of a box on 1h and BO to either side can be pretty strong...

 

Long @ 25.

 

Ideally I should already be long from like 810-15...

 

Squared @ 45 (near resistance) for 4% profit.

 

I now guess that missed an hourly context (prolly should have held long for now too anticipating a BO up), but didn't have PIB and took profit early.

 

Wooohooooo! Caught a news @ 65...

Amazing how often TA predicts outcome couple minutes in advance!

 

Quickly squared @ 25 for 8% gain.... Not sure if this spike will be faded or not by players, so prefered to just take the pot...