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Intraday price action trend trading

  • #661
  • Mar 24, 2010 6:28am Mar 24, 2010 6:28am
i need a tea i will be back in 10 mins
  • #662
  • Mar 24, 2010 6:34am Mar 24, 2010 6:34am
short on inverted hammer eur/usd previous s/r small stop entry 1.3364
  • #663
  • Mar 24, 2010 6:40am Mar 24, 2010 6:40am
Sho what is your opinion of e/j 11.15 inverted hammer bounce off r/n is this trade valid or is mkt too sideways thanks
  • #664
  • Mar 24, 2010 6:53am Mar 24, 2010 6:53am
Quoting francis2
Sho what is your opinion of e/j 11.15 inverted hammer bounce off r/n is this trade valid or is mkt too sideways thanks
will pass the trade .resistant 3 times failed .it might go up but doesnot worth a shot
  • #665
  • Mar 24, 2010 6:54am Mar 24, 2010 6:54am
Quoting francis2
short on inverted hammer eur/usd previous s/r small stop entry 1.3364
u made few pips.watch out could be db
  • #666
  • Mar 24, 2010 6:56am Mar 24, 2010 6:56am
guys
news time at 7.30 and 9 am.
  • #667
  • Mar 24, 2010 6:57am Mar 24, 2010 6:57am
Quoting trade price
u made few pips.watch out could be db
yes got out at bottom + 13
  • #668
  • Mar 24, 2010 6:59am Mar 24, 2010 6:59am
Quoting francis2
yes got out at bottom + 13
hurray
we are scalpers.
  • #669
  • Mar 24, 2010 7:02am Mar 24, 2010 7:02am
Sho would you have traded gbp/usd at all round about 9.30 / 10 am we had the fib retrace but were the candles any good to trade
  • #670
  • Mar 24, 2010 7:05am Mar 24, 2010 7:05am
every wed, and friday most off the traders account bleeds
  • #671
  • Mar 24, 2010 7:09am Mar 24, 2010 7:09am
Quoting francis2
Sho would you have traded gbp/usd at all round about 9.30 / 10 am we had the fib retrace but were the candles any good to trade
i might have traded them but did not.
those are signal of downside pressure.after the impulsive move.
specially wed and fri day i look for clear direction.those two days are very bad for traders.most of people lose money on those days.
  • #672
  • Mar 24, 2010 7:09am Mar 24, 2010 7:09am
Quoting trade price
every wed, and friday most off the traders account bleeds
Why is that Sho?
  • #673
  • Mar 24, 2010 7:10am Mar 24, 2010 7:10am
Good morning, nice to see such a full house.
  • #674
  • Mar 24, 2010 7:10am Mar 24, 2010 7:10am
Quoting trade price
every wed, and friday most off the traders account bleeds
and monday tuesday thursday aswell sometimes
  • #675
  • Mar 24, 2010 7:12am Mar 24, 2010 7:12am
Quoting francis2
yes got out at bottom + 13

Nice one Francis, I missed that while I was distracted by the AUD setup. Doh.
  • #676
  • Mar 24, 2010 7:14am Mar 24, 2010 7:14am
Quoting TheRoper
Good morning, nice to see such a full house.
Morning Kurt, yes there's been some very useful discussions this morning and some live advice from the master thrown in. Great stuff.
  • #677
  • Mar 24, 2010 7:15am Mar 24, 2010 7:15am
Quoting Sutts
Nice one Francis, I missed that while I was distracted by the AUD setup. Doh.
thanks,how did you get on with that I didnt take it was it b/e in the end or did you get some before it reversed
  • #678
  • Mar 24, 2010 7:16am Mar 24, 2010 7:16am
Quoting Sutts
Why is that Sho?
big and sudden moves.
they use bigger stops or some times they doesnot.mannually watch the stop without puting a proper stop but they doesn't have time to close the possition when move comes.
our advantage is small stop.if it comes nothing to worry we can hold into the new times as well.sometimes i do if its a runner
  • #679
  • Mar 24, 2010 7:17am Mar 24, 2010 7:17am
Sho,

i have a question ,

Whenever a news releases in the favor of EURO why does people run towards the $$$$ , i dont understand the logic behind that , especially today's news on EURO.
  • #680
  • Mar 24, 2010 7:17am Mar 24, 2010 7:17am
Quoting TheRoper
Good morning, nice to see such a full house.
good afternoon kurt
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