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Cool Runnings intraday swing trading

  • #1,901
  • Aug 18, 2009 6:47pm Aug 18, 2009 6:47pm
Quote
Good Job Sir..... Trade management comes with time, and an absence of emotion.

Watch P/A around the trendline area. Especially coming into the Tokyo open in 20 minutes.

Thanks FX Dad,
I closed the second half for 11 so netted around 15 total on that trade. Price action had a hard time staying above 134.29. Once it fell quickly I decided to lock in a few more on the second half. Like I said, this is my weakness, getting to BE quickly and accepting a scratch trade...With time and experience I will get there!
  • #1,902
  • Aug 18, 2009 6:49pm Aug 18, 2009 6:49pm
Quoting deepsouth
Thanks FX Dad,
I closed the second half for 11 so netted around 15 total on that trade. Price action had a hard time staying above 134.29. Once it fell quickly I decided to lock in a few more on the second half. Like I said, this is my weakness, getting to BE quickly and accepting a scratch trade...With time and experience I will get there!
I think you did fine. I advocate taking pips when you can! Never regret taking profit. Regret is a hard trading habit to break.
  • #1,903
  • Aug 18, 2009 7:03pm Aug 18, 2009 7:03pm
Quoting FX Dad
For those of you who used the Forex Trade Setup posted in the Video, keep in mind that Tokyo opens in less about 25 minutes. P/A could continue up, or it could even reverse. Keep this in mind when managing the trade. If you are in profit, try and keep some of it, if it reverses, or try to B/E (breakeven), at the least.
I cleared 25 pips on the GBPJPY. It stalled at the trendline, but once it broke above, and it didn't hold as support, I cleared.

I'm taking a break till later. Hope you all did ok on this one.
  • #1,904
  • Aug 18, 2009 7:05pm Aug 18, 2009 7:05pm
Quoting FXAdvice
I goes short on G/U for hunt some pips
Now it looks like a good time to short.

Good trade yesterday!

Cheers!
  • #1,905
  • Edited 8:47pm Aug 18, 2009 7:29pm | Edited 8:47pm
Putting a video follow up on P/A and how I managed the trade. Should be up in a few minutes.

Looking at the P/A now, I'm watching for breaks down now, using the same S/R lines. I will be away from the computer, and will not be taking any trades.

I'll check back later.
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  • #1,906
  • Aug 18, 2009 11:53pm Aug 18, 2009 11:53pm
please i need your help especially from experienced traders.
if 15 minute and 4 hour comfirms a trade but the 1 hour is saying otherwise. what should i do as a trend trader?

austine
  • #1,907
  • Aug 19, 2009 12:56am Aug 19, 2009 12:56am
Quoting FXAdvice
I goes short on G/U for hunt some pips
here is my last night call (already near 80 pips):

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  • #1,908
  • Aug 19, 2009 1:37am Aug 19, 2009 1:37am
[quote=austineejo;2966474]please i need your help especially from experienced traders.
if 15 minute and 4 hour comfirms a trade but the 1 hour is saying otherwise. what should i do as a trend trader?

Hi austineejo,

I would suggest that they are all telling the same story, but that its a matter of timing. The 4H chart is telling the bigger picture of the move, but the 1H is saying that price wants to range or retest levels first.
More than likely, the 15M chart will cycle up/down first. Then, by the time the 1H chart is ready, the 15M will also be ready and then you have all TF's lined up.

Trading the 15M chart using the 4H chart as your upper time frame is too big of a difference. So, its best to wait until you get your 1H chart to agree with your 4H, then look for your entry on the 15M chart.

Hope this helps,
gtk
  • #1,909
  • Aug 19, 2009 2:00am Aug 19, 2009 2:00am
Quoting FXAdvice
here is my last night call (already near 80 pips):

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well done fxadvice

u have told some good trades

john
  • #1,910
  • Aug 19, 2009 2:48am Aug 19, 2009 2:48am
Quoting FXAdvice
here is my last night call (already near 80 pips):

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we are on the way

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  • #1,911
  • Aug 19, 2009 3:38am Aug 19, 2009 3:38am
now we see 160 pips

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  • #1,912
  • Aug 19, 2009 4:50am Aug 19, 2009 4:50am
many thanks gtk for your advice
  • #1,913
  • Aug 19, 2009 5:53am Aug 19, 2009 5:53am
Quoting FXAdvice
now we see 160 pips

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GREAT!! i like to learn what ur trade based on ? it is amazing!!
Never sell @ lower upward channel unless breacked and vise versa .
  • #1,914
  • Edited 6:39am Aug 19, 2009 6:13am | Edited 6:39am
Quote
here is my last night call (already near 80 pips):


And I was sleeping through the excitement

Well done fxadvice
  • #1,915
  • Aug 19, 2009 6:35am Aug 19, 2009 6:35am
wow..amazing..great analysis and prediction..how you did it? Now,that's a million dollar ques...
  • #1,916
  • Aug 19, 2009 9:17am Aug 19, 2009 9:17am
Quoting WedWed
GREAT!! i like to learn what ur trade based on ? it is amazing!!
thanks for your reply, i don't trade with any indicators, my method is base on my special setups, PA , S&R
  • #1,917
  • Aug 19, 2009 11:10am Aug 19, 2009 11:10am
Quoting FXAdvice
thanks for your reply, i don't trade with any indicators, my method is base on my special setups, PA , S&R

WoooW ! http://www.smilie.dk/store_smiley/c157.gif
  • #1,918
  • Aug 19, 2009 12:55pm Aug 19, 2009 12:55pm
looking for short on E/U around 1.4300
  • #1,919
  • Aug 19, 2009 2:27pm Aug 19, 2009 2:27pm
Quoting FXAdvice
thanks for your reply, i don't trade with any indicators, my method is base on my special setups, PA , S&R
Nice Trade FX! Keep up the good work!
  • #1,920
  • Aug 19, 2009 2:35pm Aug 19, 2009 2:35pm
Hey Guys, just thought I'd let you know that I probably won't be posting anything as we head into the Tokyo session. Today is my daughter's 7th birthday, so I'm heading over to the Ex's house to spend some time with Daddy's girl.

I took a small short on the Cable when it broke below 1.6550. Looking for a fall to .65 then to .6475 which is near the 50.0 Fib, for this move up. Selling pressure looked like it was building so I took it. Didn't post because it is out of my normal trade plan to take a trade outside my normal s/r parameters. Have my stop at B/E, and my TP at .6475.

Have a good rest of the day/evening.

Chuck
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