Dislikedon the euro, there was a small pin of r1 a few bars back which would have lead to b/e by now. not that i took it.Ignored
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Dislikedon the euro, there was a small pin of r1 a few bars back which would have lead to b/e by now. not that i took it.Ignored
Dislikedon this cable pin, made 50 pip. likely cable will run to 1.5, however i was not able to monitor trade for long and had to exit early.
intraday is still fun and games for me and highly unlikely that it will be my main trading style. unless ofcourse my employer pays me to sit in front of charts all day.
the tom williams book is rather heavy going. is there a simpler write up of volume around? i have googled but havent come up with anything.Ignored
Dislikedon this cable pin, made 50 pip. likely cable will run to 1.5, however i was not able to monitor trade for long and had to exit early.
intraday is still fun and games for me and highly unlikely that it will be my main trading style. unless ofcourse my employer pays me to sit in front of charts all day.
the tom williams book is rather heavy going. is there a simpler write up of volume around? i have googled but havent come up with anything.Ignored
DislikedHi Coolshades,
You beat me to it... I was going to post this trade earlier but I got too involved in watching the footy!
I took the same trade although my reasoning was also based on the fact that volume was indicating buying (as per chart). On my feed the bar closed above R1 which was also a good sign for me.
How did you manage your trade? I targeted 1.4950 as this coincided with R2 and made it a 1:2 trade for me.
Looks like you and me are ganging up on...Ignored
Dislikedyour stop would have been at 4850 right? so an exit at 4950 would have been 1:1 ? unless i am missing something.
you are atleast trading a mini account. i am trading a $25 account!
who knows, if i achieve consistency and am able to devote time, i might top it.
Edit - I think 8-4 London hours are the best time for finding set ups for intraday.Ignored
DislikedHi coolshades,
I think you must have had a bit too much juice last night! You are right, my stop was at 4850 but my entry was the break of that bar (the pin) at 4883 so my exit at 4950 gave a 1:2 trade! Hope that makes things clearer!
I agree with you - I only trade intraday during London hours, the other hours are too slow... you might be ok trading them on 1M charts lol!
Regards,
DanIgnored
Dislikedonly cable and euro for me.
bez - i have to emphasise, this will NEVER replace daily tf trading for me. i just dont have the time. i post a lot inspite of my job, thks to my iphone.Ignored
DislikedThink i am being a bit slow on the uptake with this one, not sure how to read the high volume bars yet.
IIgnored
DislikedThanks coolshades, i have just found the other book "undeclared secrets" so will give it a scan. Think i am being a bit slow on the uptake with this one, not sure how to read the high volume bars yet.
I agree my daily trading is my number one this is a nice to know.
Although my daily trades are not going very well recently!!!!Ignored
DislikedThat's ok - it took me a while to begin to understand. The book is like an advert but it's worth reading just to grasp some of the concepts they are "advertising"!
VSA is about understanding what is going on in the background... something that helped me to grasp the concept was this question:
If price makes a big move up on high volume (like the buying climax candles I posted earlier) but then fails to go any higher - what does that tell you?
Let me know what you think and I'll tell you if you came to the same [color=black][font=Verdana]conclusion...Ignored