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Intraday price action trend trading

  • #321
  • Mar 4, 2010 5:47am Mar 4, 2010 5:47am
usd/cad retest of r/n in downtrend entry open of red bar
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  • #322
  • Mar 4, 2010 6:07am Mar 4, 2010 6:07am
Hi Sho

first trade, shorted at the close of the pin bar and was stopped out when the bar failed.
Any problem with this entry?
Thanks.
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  • #323
  • Mar 4, 2010 6:11am Mar 4, 2010 6:11am
Quoting the novice
Hi Sho

first trade, shorted at the close of the pin bar and was stopped out when the bar failed.
Any problem with this entry?
Thanks.
I would say you were buying into the impulsive move not a retrace
  • #324
  • Mar 4, 2010 6:18am Mar 4, 2010 6:18am
figured it would go to bottom S1 somewhere
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  • #325
  • Mar 4, 2010 6:20am Mar 4, 2010 6:20am
Quoting francis2
I would say you were buying into the impulsive move not a retrace
Hi
thanks for your thoughts.

i shorted it as the price was rejected from the previous support level and closed as a pin bar in the down direction.
There were many similar trades shown by Sho in his charts.
Or have I interpreted wrongly?
  • #326
  • Mar 4, 2010 6:24am Mar 4, 2010 6:24am
Quoting the novice
Hi Sho

first trade, shorted at the close of the pin bar and was stopped out when the bar failed.
Any problem with this entry?
Thanks.
nothing wrong.this is what stop is for.
market is allways right.
wait for the next ride.
its trading.
  • #327
  • Mar 4, 2010 6:35am Mar 4, 2010 6:35am
Quoting trade price
nothing wrong.this is what stop is for.
market is allways right.
wait for the next ride.
its trading.
Thanks Sho!

You mentioned trading in the london and ny session, do you avoid trading when there is news?
And around this time when the market seems to be lifeless?
  • #328
  • Mar 4, 2010 11:01am Mar 4, 2010 11:01am
Couple of Lunch break trades. Hope everyone is doing well.
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  • #329
  • Mar 4, 2010 11:26am Mar 4, 2010 11:26am
May be setting up for a short, if it fails around upper Keltner I may be ready to short.

Any one else?
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  • #330
  • Mar 4, 2010 11:36am Mar 4, 2010 11:36am
Maybe short set up here?
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  • #331
  • Mar 4, 2010 11:43am Mar 4, 2010 11:43am
Selling at previous support
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  • #332
  • Edited 12:01pm Mar 4, 2010 11:51am | Edited 12:01pm
Low Risk Short, 9pip protective stop with spread built in

UPDATE: Stopped out, time to reload and fire again
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  • #333
  • Mar 5, 2010 1:28am Mar 5, 2010 1:28am
short eurusd
downmomentum
red arrow: signal bar, strong rejection from middle band
yellow arrow: entry bar, entered at the break of the signal bar
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  • #334
  • Mar 5, 2010 1:31am Mar 5, 2010 1:31am
here is the right attachment with the arrows
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  • #335
  • Mar 5, 2010 1:50am Mar 5, 2010 1:50am
eurusd short


support/resistance and 50% retracement line is 1.3585 (not 1.3583)
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  • #336
  • Mar 5, 2010 2:02am Mar 5, 2010 2:02am
Stopped out eurusd short -12 pips. I seem to have an enormous talent to find the wrong A++++++trades. My son said to me: Dad, if you will make just the opposite of what you think is right, you will win, I think.
  • #337
  • Mar 5, 2010 3:38am Mar 5, 2010 3:38am
Quoting Milton
Stopped out eurusd short -12 pips. I seem to have an enormous talent to find the wrong A++++++trades. My son said to me: Dad, if you will make just the opposite of what you think is right, you will win, I think.
Don't worry Milton, I think the entry was probably OK. I do think your trade management was lacking in this case though. I've made some comments in the other thread.

Cheers,

Dave
  • #338
  • Edited 4:17am Mar 5, 2010 3:43am | Edited 4:17am
Are we in the non-farm payroll doldrums now? Not much action that I can see.

Momentum, I need momentum .
  • #339
  • Mar 5, 2010 7:00am Mar 5, 2010 7:00am
Took this with 9 pip stop. Any comments guys?

I guess if the next bar closed in its current state it would be a nice inside bar long entry?
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  • #340
  • Mar 5, 2010 7:04am Mar 5, 2010 7:04am
Quoting Sutts
Took this with 9 pip stop. Any comments guys?

I guess if the next bar closed in its current state it would be a nice inside bar long entry?
carefull its friday and slow time. big news time comeing
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