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Intraday price action trend trading

  • #401
  • Mar 9, 2010 5:25am Mar 9, 2010 5:25am
Quoting Milton
For me the bigger picture is "bigger" (=stronger) than the smaller picture.
you see weere still short.
we also follow the price moves impulsive and corrective not from the bigger picture but from each candle
  • #402
  • Mar 9, 2010 6:03am Mar 9, 2010 6:03am
Quoting MJurban
you see weere still short.
we also follow the price moves impulsive and corrective not from the bigger picture but from each candle
A bullish divergence doesn't mean, that it now will go upwards the whole day. But we are working with such small stoplosses, that I personally look at divergence. That's my reason.
  • #403
  • Mar 9, 2010 7:05am Mar 9, 2010 7:05am
Quoting Sutts
Thanks for that Kurt. I think there's a couple of things I can learn from this.

I've been looking only at signal bars where there is an obvious reaction to S/R in the corrective phase, resulting in a decent size upper wick and ideally a much smaller lower wick. You seem to be taking good trades where the upper wick is small but you have the following factors in your favour:

Price is near S/R
Price is near a keltner channel line

The smaller wick means smaller risk of course.

I think the other thing you are doing is giving the trade a bit...
Goodmorning Dave,

You are correct above. Sometimes I take the trades when price is stalling at s/r or Keltner. To me these are very low risk trades. I go ahead with them because if I get stopped out I know my wave count was off or it was just a spike. IF I am short by buy stops look bigger because of the spread. The lowest I have with E/U is 3 pips but all the others are 5. I look at the preceding candle or s/r that is close and put my stop above / below it 2-3 pips. I still like to keep my stop under 12 pips.

Kurt
  • #404
  • Mar 9, 2010 7:09am Mar 9, 2010 7:09am
Quoting MJurban
i dit not long this one cause the HH and LL are more downtrend like uptrend.
The divergence was bullish , maybee i should have tryed this long?
Hi Mjurban,

For me no long with this on because the upward move did not close above the Keltner. I don't think I would have shorted either until it closed below the Keltner and move back up with a correction

Kurt
  • #405
  • Mar 9, 2010 7:41am Mar 9, 2010 7:41am
First Trade of the Day, Short E/G.

Not able attach chart for some reason.
  • #406
  • Mar 9, 2010 7:59am Mar 9, 2010 7:59am
3+ trades so far .......... good beginning.http://cdn.forexfactory.com/images/icons/icon10.gif
  • #407
  • Mar 9, 2010 8:32am Mar 9, 2010 8:32am
Quoting Buildcity
3+ trades so far .......... good beginning.http://cdn.forexfactory.com/images/icons/icon10.gif
+6p again but double$http://cdn.forexfactory.com/images/icons/icon10.gifhttp://cdn.forexfactory.com/images/icons/icon10.gif
total +43p
  • #408
  • Mar 9, 2010 8:39am Mar 9, 2010 8:39am
Quoting Buildcity
+6p again but double$http://cdn.forexfactory.com/images/icons/icon10.gifhttp://cdn.forexfactory.com/images/icons/icon10.gif
total +43p
GO CITY GO
  • #409
  • Mar 9, 2010 8:43am Mar 9, 2010 8:43am
GU is trying to get through the DP support at 1.499, after get pass, go long again
  • #410
  • Mar 9, 2010 8:48am Mar 9, 2010 8:48am
Quoting Buildcity
GU is trying to get through the DP support at 1.499, after get pass, go long again
Seems to have the momentum, I am already long with a 12 pip stop.
Attached Image (click to enlarge)
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  • #411
  • Mar 9, 2010 9:02am Mar 9, 2010 9:02am
Quoting TheRoper
Seems to have the momentum, I am already long with a 12 pip stop.
please correct me if im wrong... i thought we should wait for valid price action suggest correction is ending such as inside bar, outside bar or pin bar..
  • #412
  • Mar 9, 2010 9:07am Mar 9, 2010 9:07am
Quoting husna
please correct me if im wrong... i thought we should wait for valid price action suggest correction is ending such as inside bar, outside bar or pin bar..
You are correct. Should have entered around 4970 after that PB off the middle Keltner.

I was stopped out with that last spike down. Looking for another entry.

A lot of the other pairs were moving fast today and this caused me to rush my entry.
  • #413
  • Mar 9, 2010 9:09am Mar 9, 2010 9:09am
Back in after the break of the Inside Bar.
Attached Image (click to enlarge)
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  • #414
  • Mar 9, 2010 9:12am Mar 9, 2010 9:12am
Quoting TheRoper
You are correct. Should have entered around 4970 after that PB off the middle Keltner.

I was stopped out with that last spike down. Looking for another entry.

A lot of the other pairs were moving fast today and this caused me to rush my entry.
im enter on break of inside bar... just need to do trade management now until i can lock the profit...
  • #415
  • Mar 9, 2010 9:23am Mar 9, 2010 9:23am
Seems the GU is struggle between 2 nos. and the ending of implusive wave. Let wait a momenthttp://cdn.forexfactory.com/images/icons/icon11.gif

EU cant get through the DP 1.3586, should wait till clear
  • #416
  • Mar 9, 2010 9:30am Mar 9, 2010 9:30am
Quoting Buildcity
Seems the GU is struggle between 2 nos. and the ending of implusive wave. Let wait a momenthttp://cdn.forexfactory.com/images/icons/icon11.gif

EU cant get through the DP 1.3586, should wait till clear
Can we Long EU on breaks of Inside Bar
  • #417
  • Mar 9, 2010 9:33am Mar 9, 2010 9:33am
Quoting husna
Can we Long EU on breaks of Inside Bar
I wont, seems the end of 1st wave
  • #418
  • Mar 9, 2010 9:51am Mar 9, 2010 9:51am
I think today is enough, see you mates tmr. Bye.
  • #419
  • Mar 9, 2010 9:55am Mar 9, 2010 9:55am
USD/ CAD
Attached Image (click to enlarge)
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  • #420
  • Mar 10, 2010 2:04am Mar 10, 2010 2:04am
short 122.17
Attached Image (click to enlarge)
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