Intraday price action trend trading | Page 29 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MultiTimeFrame Trend Trading with Price Action 242 replies

Any Recommendations on Learning Intraday Price Action Trading 5 replies

Price Pattern Notifications/Trend Alert Price Action Scanner 7 replies

Trend following intraday breakout - my trading journal 11 replies

intraday trend trading with price action 2,063 replies

Attachments: Intraday price action trend trading
Exit Attachments

Intraday price action trend trading

  • #561
  • Mar 23, 2010 3:18am Mar 23, 2010 3:18am
Quoting matlobien
PA strange this morning.

No clear chart.

GU small loser
EU small winner.

Yes matlobien , perhaps the traders are waiting for the news release from U.K

But there was a good move on the Eur/gbp chart , but i didn't take it.
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 16 KB
  • #562
  • Mar 23, 2010 3:31am Mar 23, 2010 3:31am
Quoting sruthihari
Yes matlobien , perhaps the traders are waiting for the news release from U.K

But there was a good move on the Eur/gbp chart , but i didn't take it.
That was against momentum if I am not mistaken.

  • #563
  • Mar 23, 2010 3:58am Mar 23, 2010 3:58am
Quoting matlobien
That was against momentum if I am not mistaken.

May be u are right, but i considered the big hammer to be a long entry , for this reason i posted the chart , since i am novice may be i am bit eager to pounce on these trades since the tail was very long.

may be Sho can give an opinion.
  • #564
  • Mar 23, 2010 4:07am Mar 23, 2010 4:07am
Quoting sruthihari
May be u are right, but i considered the big hammer to be a long entry , for this reason i posted the chart , since i am novice may be i am bit eager to pounce on these trades since the tail was very long.

may be Sho can give an opinion.

Sho will tell you to trade with the winning side (in the direction of the impulse moves). I agree it was a nice pin bar but the last impulse was to the down side with momentum behind it so no trade. You will miss a few early entries this way but it should keep you out of trouble.
  • #565
  • Mar 23, 2010 4:59am Mar 23, 2010 4:59am
Quoting Sutts
Sho will tell you to trade with the winning side (in the direction of the impulse moves). I agree it was a nice pin bar but the last impulse was to the down side with momentum behind it so no trade. You will miss a few early entries this way but it should keep you out of trouble.
Yip, if you don't stick to the plan you will get burned sometime.

Momentum, momentum, momentum.

  • #566
  • Mar 23, 2010 5:24am Mar 23, 2010 5:24am
At last a winner on GU.

I just went for S1 and made it by 1 pip.

  • #567
  • Mar 23, 2010 5:31am Mar 23, 2010 5:31am
Quoting sruthihari
Yes matlobien , perhaps the traders are waiting for the news release from U.K

But there was a good move on the Eur/gbp chart , but i didn't take it.
yes hary
those moves are sudden move .stick with the impulse.
otherwise you will be in trouble soon.
its swimming against the current.some time u will win but u will lose more.
if u go against the momentum u will lose.thats what most people does and lose the money.
  • #568
  • Mar 23, 2010 5:57am Mar 23, 2010 5:57am
usd/chf
holding a short for long time could be a runner.
market will decide
  • #569
  • Mar 23, 2010 6:11am Mar 23, 2010 6:11am
Quoting trade price
usd/chf
holding a short for long time could be a runner.
market will decide
Looks like it is turning back north.

  • #570
  • Mar 23, 2010 6:17am Mar 23, 2010 6:17am
Quoting matlobien
Looks like it is turning back north.

stoped out
BE.
looking for next one.
if long signal comes will take profit quickly.if short signal comes wiil look for a runner.
  • #571
  • Mar 23, 2010 6:25am Mar 23, 2010 6:25am
Quoting trade price
stoped out
BE.
looking for next one.
if long signal comes will take profit quickly.if short signal comes wiil look for a runner.
At least it is not a loser.

I hate these large indecisive candles on the GU.

  • #572
  • Mar 23, 2010 6:27am Mar 23, 2010 6:27am
Quoting matlobien
At least it is not a loser.

I hate these large indecisive candles on the GU.

there was a nice inside bar break to the downside.
did u missed that
  • #573
  • Mar 23, 2010 6:52am Mar 23, 2010 6:52am
eu is moving nicely for me
  • #574
  • Mar 23, 2010 6:59am Mar 23, 2010 6:59am
I'm short EU too from that test of the big number Sho.

If you get a chance would you mind pointing out the other entries I could have taken please? There was an inside bar that formed just below the central channel line with a low about 1.3513 that I perhaps should have taken? I hesitated because I was looking for clearer impulse moves really.

Thanks
  • #575
  • Mar 23, 2010 7:00am Mar 23, 2010 7:00am
Quoting trade price
there was a nice inside bar break to the downside.
did u missed that
I concentrated on other pairs.

  • #576
  • Mar 23, 2010 7:04am Mar 23, 2010 7:04am
Quoting trade price
eu is moving nicely for me
What is your target ?

20 pips ?
  • #577
  • Mar 23, 2010 7:08am Mar 23, 2010 7:08am
Quoting matlobien
I concentrated on other pairs.

I was naughty and took the usdchf for a quick be trade north.

  • #578
  • Mar 23, 2010 7:13am Mar 23, 2010 7:13am
Quoting matlobien
What is your target ?

20 pips ?
Looks like another be ?

  • #579
  • Mar 23, 2010 7:23am Mar 23, 2010 7:23am
Quoting matlobien
Looks like another be ?

i think u will get a chance again
  • #580
  • Mar 23, 2010 7:25am Mar 23, 2010 7:25am
Quoting matlobien
I was naughty and took the usdchf for a quick be trade north.

yes we are naughty.
we are day traders.we change our mind in a second like market does.see my signature
1 trader viewing now