Intraday FX Player

CF
As in the few posts ago
with these order

Pair Sell Buy
EUR/USD 1.6354 1.5497
USD/JPY 106.8440 98.2438
GBP/USD 2.0292 1.9613

it sort of works with having an inventory of order

while the whole out Look is Manage the trading as in a fund
OK goes off a little here and there...but having a good idea on what those offs are to the margin

using 90th pecentile is good for cause I donot want to more then
10% of the margin

so out a 100 orders 10 Might be active at any one time
could reach 18
but still ok with the margin

say I want to work with 95th Percentile (Controlable before trading or Placing orders)
for that I Can Increase the orders to 200
and still have an avg of 10 active...see what I mean?

 

CF: been in and out getting kit organised but still managed to get lots of PIB. This is what I was looking at and how squashed-up I keeo this chart. Did you catch the horns (double top) and if not is there a reason? Hourly chart not totally clear but that could be the hourly swing.

 

strange the PP doesn't show but you'll have it at 5912

 

Hope your new hardward and software working well...

The reason I didn't take horns is simple... Still don't see them as part of my methodology, getting used to S/R plays off 1min so far (plus my old stuff of course).

 

Yes I have PP around this price.

 

GBP/USD 10 S 1.97820 1.99584 1.96580 -176.4 -176.40 -6.40 16/04/2008 05:41

see the date for that position?
That is cause it did give me a retun but I did not close it
I was out

 

I saw the double horns, took it at 46, but had second thoughts because I saw too much support under it and covered at 45, should have let it run to 38 at least ... instead went long there at 38.5 and sold at 46.

 

ok that will continue to develop. 1 min Horns are hot. Using S&R on 1 min takes time to learn and you are doing well. What I always try to do is roll timeframes. If I get a signal on the 1 min I am looking for a signal to fire off on the 2 min, 3 min, 5 min, 15 min. 30 min and hour. Rolling like this will help you to either hang in there or get in when you miss and entry.

You had a signal on the 5 min that you would have taken if the chart was 1 min - a mini flying knife - just 2 bars but that's all you need.

Try and keep in mind the way I clock watch. We are approaching the close of the hour and hourly traders can control size. If i am looking for a reversal i like it to hang close to the high of the hour in the last 10 mins.

Your 5 is dead fluid as I type

 

Yoohoo,

Yeah effectively viewing a picture across many TF's is what I have yet to learn.

 

and bang like that