{"id":892,"date":"2009-03-11T11:15:18","date_gmt":"2009-03-11T16:15:18","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=892"},"modified":"2009-03-11T11:15:18","modified_gmt":"2009-03-11T16:15:18","slug":"thoughts-for-the-intra-day-traders-out-there","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/03\/11\/thoughts-for-the-intra-day-traders-out-there\/","title":{"rendered":"Thoughts for the Intra-day traders out there\u2026"},"content":{"rendered":"<p class=\"MsoNormal\"><span>A couple of days a week it seems like there are low momtenum days in the market. Today appears to be one of those days.\u00a0<\/span><\/p>\n<p class=\"MsoNormal\">If you\u2019re a swing trader or a long term carry trader, then this would not matter.<\/p>\n<p class=\"MsoNormal\">However, if you are into short term trades, then you need momentum type moves NOW and not days from now. There\u2019s not one major currency pair up or down even 1% today. So to me, that constitutes a lack of momentum for the day unless that suddenly picks up.<\/p>\n<p class=\"MsoNormal\">For the short term trader, momentum (strong, quick trending moves) are your friend\u2026and a lack of momentum (creeping trends or dull ranges) can be your enemy.<\/p>\n<p class=\"MsoNormal\">With that said, EUR\/CAD and EUR\/USD are the top movers on the day today so far. If EUR\/CAD broke 1.6360, then there is a chance that the momentum could increase. If EUR\/USD were to break and hold above 1.2820, then the same could happen for it.<\/p>\n<p class=\"MsoNormal\">However, it\u2019s on days like these when I find that if I \u201clay low\u201d and don\u2019t trade, that I keep gains from previous days. Then I can look to another, more favorable day that would bring back the high probability trades.<\/p>\n<p class=\"MsoNormal\">To get started in this market, download a FREE demo trading station from this link:\u00a0<a href=\"http:\/\/www.forextradingblog.com\/practice-trading\/\">http:\/\/www.forextradingblog.com\/practice-trading\/<\/a>\u00a0or by clicking on the \u201cpractice account\u201d tab at the top of this page.\u00a0<\/p>\n<p class=\"MsoNormal\">\u00a0<\/p>\n<p class=\"MsoNormal\">Sean Hyman<\/p>\n<p class=\"MsoNormal\">www.mywealth.com<\/p>\n<p class=\"MsoNormal\">www.forextradingblog.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A couple of days a week it seems like there are low momtenum days in the market. Today appears to be one of those days.\u00a0 If you\u2019re a swing trader or a long term carry trader, then this would not matter. However, if you are into short term trades, then you need momentum type moves &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2009\/03\/11\/thoughts-for-the-intra-day-traders-out-there\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Thoughts for the Intra-day traders out there\u2026&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-892","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=892"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/892\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}