Don’t follow someone else’s trading advice blindly
- #783,542
- Apr 5, 2013 8:18am Apr 5, 2013 8:18am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
Sometimes intraday scalping feels like a hard manual labor for sure
true.. telling you.. I think I'll move to trading by the clock only.. hm.. maybe I should demo that for a while..
damn thing moves in 1 and a 1/2 hour increments with a retrace around every 45 minutes.. If London makes a new high and it retraces but stops before half way down, then NY will take it up until E close (short for reverse).. then it goes into lala land (while NY traders are getting fat at lunch time and algos go nuts while taking it nowhere) and then it makes another move around 2-2:30 eastern and that's that..
one more push to 1.30715 and we can call it a day
break of 3047 good poss now
either way, gonna be a bad weekend for bears
- #783,545
- Apr 5, 2013 8:26am Apr 5, 2013 8:26am
- Joined Dec 2011 | Status: Trader | 4,013 Posts
my h4 candle looks full from open to close...
- #783,548
- Apr 5, 2013 8:30am Apr 5, 2013 8:30am
- Joined Dec 2011 | Status: Trader | 4,013 Posts
besides we are back at where you started from last week europe sell off= risk on for euro es sell off = risk on for euro... something is fishy
- #783,549
- Apr 5, 2013 8:31am Apr 5, 2013 8:31am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #783,550
- Apr 5, 2013 8:33am Apr 5, 2013 8:33am
- Joined May 2010 | Status: Trader | 2,004 Posts
true.. telling you.. I think I'll move to trading by the clock only.. hm.. maybe I should demo that for a while.. damn thing moves in 1 and a 1/2 hour increments with a retrace around every 45 minutes.. If London makes a new high and it retraces but stops before half way down, then NY will take it up until E close (short for reverse).. then it goes into lala land (while NY traders are getting fat at lunch time and algos go nuts while taking it nowhere) and then it makes another move around 2-2:30 eastern and that's that..
) Thats constant NewYorkers problem - they enter after the party is almost over and if they dive inside LO range again, liquidy gaps and lack of LO participants to play already tested/breoken levels - creates crazy PA..
69
- #783,554
- Apr 5, 2013 8:43am Apr 5, 2013 8:43am
- Joined Dec 2011 | Status: Trader | 4,013 Posts
thanks
- #783,555
- Apr 5, 2013 8:48am Apr 5, 2013 8:48am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
one more push to 1.30715 and we can call it a day
COT: The precious data ignored
