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Understanding intra-day time frames

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Understanding intra-day time frames

Postby Alan Rich Online » Wed Dec 19, 2012 2:42 pm

Whilst day trading you need to understand exactly what’s going on underneath because when the underlying story reaches its conclusion that’s when you get your blow out moves.

When you are right and you can feel it, trade it with larger size.

You can make a week’s money on just one of those moves.

In the example from yesterday the EURJPY consolidated for so long that the US would either run the stops or go for the break.

That intra-day consolidation was key. However you had to be an intra-day trader to know it was happening.

The chief market analyst at “We want you to trade more securities.” is so busy he just writes about what’s happened and then makes up some technical analysis to look good. Then he gets it syndicated on the web and his company are happy.

Joe Bloggs reads it and takes his cue from that. You see how late they are to what’s occurring.

Find out what’s truly happening intra-day because you are there first. You are the ones that make the money all the rest are followers.

The key yesterday was the consolidation ringed. Where so many would take their end of day analysis is shown by the black arrow. Who is the winner? The web reader at the black arrow or the intra-day trader who knows what’s going on at the ellipse?

A quick lesson: “When you are right and you can feel it, trade it with larger size.”

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Alan Rich Online
 
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Re: Understanding intra-day time frames

Postby Haley12 » Thu Jan 03, 2013 11:00 am

Alan Rich I am agree with you for the following statement "A quick lesson: “When you are right and you can feel it, trade it with larger size." but new traders should go for small size.
http://www.ask-fx.com
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Haley12
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