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Intraday price action trend trading

  • #761
  • Mar 24, 2010 12:31pm Mar 24, 2010 12:31pm
Thanks Sho, I apperciate the help.
  • #762
  • Mar 24, 2010 4:55pm Mar 24, 2010 4:55pm
hi all

have read the thread one

time permitting ,ill try to add to the thread

thanks john
  • #763
  • Mar 24, 2010 5:25pm Mar 24, 2010 5:25pm
Quoting trade price
oh man dont worry dont trade today any more.
i told you newyork session will be bit flat( ups and down.)
never mind it was good day for u .u have learned something today from market.
Yes Sho, it's not wasted if I learn something from it. I think today's lesson will stay with me.

Thanks.
  • #764
  • Mar 24, 2010 8:13pm Mar 24, 2010 8:13pm
Quoting trade price
yes phill
you need money management.and most important trade management.
what sort of stop and target u use tell me .may be i can help u to building ur plan.
all is hepening for trade management.
Bro Sho,

We need your help to build the plan for trade managment. Here what I had plan to do....
Once I spot the trade then I calculate the stop loss below/up the signal bar.
For example it is 10 pips. So my target would be 20 pips. Once market goes in my favour 10 pips I would do it break even. Now it is free ride and would let it hit either my TP or SL at breakeven.
But I also babysit my trade and if it gives reverse signal then I would cut it 6,5, or 4 pips...as max as possible.
Is it correct direction? I had feeling that it is much more than that and I believe that it is an art which would come through practice and effort in right direction. I would love to see your full of wisdom thoughts and guidance on it.
Thanks boss for very helpful teaching and your kindness.
  • #765
  • Mar 25, 2010 12:30am Mar 25, 2010 12:30am
Now this is what I call an active trading thread.

Thanks to Sho and all the regulars for sharing the good and the bad trades.

This is the only way to learn = live om the chart.

Hope to learn a lot more today.

Good pips to you all.

  • #766
  • Mar 25, 2010 12:39am Mar 25, 2010 12:39am
Quoting Sutts
Yes Sho, it's not wasted if I learn something from it. I think today's lesson will stay with me.

Thanks.
Good grief my friend.

When do you sleep ? It looks like you did the whole London and NY sessions.

Please don't kill yourself by over trading. We need you here.

  • #767
  • Mar 25, 2010 1:09am Mar 25, 2010 1:09am
Quoting matlobien
Now this is what I call an active trading thread.

Thanks to Sho and all the regulars for sharing the good and the bad trades.

This is the only way to learn = live om the chart.

Hope to learn a lot more today.

Good pips to you all.

Yes matlobien rightly said
  • #768
  • Mar 25, 2010 2:43am Mar 25, 2010 2:43am
Quoting matlobien
Good grief my friend.

When do you sleep ? It looks like you did the whole London and NY sessions.

Please don't kill yourself by over trading. We need you here.

Don't worry mate, I do break off now and again. Unfortunately I have the type of personality that has to keep going till I solve a problem - unfortunately this problem has lasted for 6 years.

Great that I'm actually learning something at last. Hope we all get there.....
  • #769
  • Mar 25, 2010 4:09am Mar 25, 2010 4:09am
long gbpusd
magenta arrow: signal bar
yellow arrow: entry bar
just under the body of the pin bar: daily pivot point
stoploss: break-even
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 21 KB
  • #770
  • Mar 25, 2010 4:24am Mar 25, 2010 4:24am
gbpusd long
I exited too early with + 15 pips, when I saw the price retracing from a bigger trendline and pivot mid point
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 21 KB
  • #771
  • Mar 25, 2010 4:28am Mar 25, 2010 4:28am
Quoting Milton
gbpusd long
I exited too early with + 15 pips, when I saw the price retracing from a bigger trendline and pivot mid point
Good that you took the trade Milton. I took the first signal but got stopped out. When the second forrmed up I was on the school run.
  • #772
  • Mar 25, 2010 4:34am Mar 25, 2010 4:34am
Quoting Sutts
Good that you took the trade Milton. I took the first signal but got stopped out. When the second forrmed up I was on the school run.
Hi Dave, could have around 50 pips more until now, if I had been cool.
  • #773
  • Mar 25, 2010 4:38am Mar 25, 2010 4:38am
Quoting Milton
Hi Dave, could have around 50 pips more until now, if I had been cool.
Yeah, sometimes I wonder if it's wise to plot trendlines on your charts - they've often spooked me into taking profits too early.
  • #774
  • Mar 25, 2010 4:43am Mar 25, 2010 4:43am
Some massive profit taking going on there on GU at the 50% retrace of the down move and daily trend line break point. It's going to take a big push to get through that lot.
  • #775
  • Mar 25, 2010 4:44am Mar 25, 2010 4:44am
eurusd: strong resistance around 1.3343. Will price reverse and go back down or could it break?
Look like the price broke the trendline, retraced back and...?
Looks like inversed head and shoulders, but it's not always reversal (up in this case).
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 22 KB
  • #776
  • Mar 25, 2010 4:45am Mar 25, 2010 4:45am
Quoting Sutts
Don't worry mate, I do break off now and again. Unfortunately I have the type of personality that has to keep going till I solve a problem - unfortunately this problem has lasted for 6 years.

Great that I'm actually learning something at last. Hope we all get there.....
Same problem = 7 years.

But we will get there.

We are part of the 5%

Hang in there.

  • #777
  • Mar 25, 2010 4:47am Mar 25, 2010 4:47am
Long EU off signal bar at 1.3341.

Moved to B/E
  • #778
  • Mar 25, 2010 4:49am Mar 25, 2010 4:49am
Quoting matlobien
Same problem = 7 years.

But we will get there.

We are part of the 5%

Hang in there.


Yeah, persistency will pay off I'm sure. Just hope my wife has the same faith!
  • #779
  • Mar 25, 2010 4:51am Mar 25, 2010 4:51am
Quoting Sutts
Yeah, sometimes I wonder if it's wise to plot trendlines on your charts - they've often spooked me into taking profits too early.
I go for 25 or nothing.

Improved my winnings a lot.

  • #780
  • Mar 25, 2010 4:53am Mar 25, 2010 4:53am
Quoting Sutts
Long EU off signal bar at 1.3341.

Moved to B/E
There is also what of divergence, but keep cool Dave, you can't lose (break-even).
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 22 KB
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