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Intraday price action trend trading

  • #841
  • Mar 25, 2010 6:36am Mar 25, 2010 6:36am
Quoting Buildcity
Seems GU is consolidating the top in last hr, better watch out.
thats what i said about 40 mins ago
  • #842
  • Mar 25, 2010 6:38am Mar 25, 2010 6:38am
Quoting Sutts
OK thanks Sho.

So next time I see an inside bar in a good location that I can't take because the stop is too big, I'll treat it like a normal signal bar and enter on a partial retrace when the max risk parameters are met - before the IB breaks.
for me trading is trading.
there is allways
bid and ask.
  • #843
  • Mar 25, 2010 6:40am Mar 25, 2010 6:40am
I don't plan on quitting Sho.
  • #844
  • Mar 25, 2010 6:41am Mar 25, 2010 6:41am
Looks like GU and EU wants to turn south.
  • #845
  • Mar 25, 2010 6:43am Mar 25, 2010 6:43am
Now that's nice downward momentum. Hope we can catch a signal on retrace....
  • #846
  • Mar 25, 2010 6:43am Mar 25, 2010 6:43am
This guy you mentioned Sho. Has he posted anything we can read?
  • #847
  • Mar 25, 2010 6:45am Mar 25, 2010 6:45am
did go for 1:1 gu.
see both picture as silde show
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.gif Size: 16 KB
Click to Enlarge Name: gu1.gif Size: 16 KB
  • #848
  • Mar 25, 2010 6:49am Mar 25, 2010 6:49am
So you will teach us this reverse signal soon ?
  • #849
  • Mar 25, 2010 6:49am Mar 25, 2010 6:49am
when everyone thinks to get in i am allready in profit.
when everyone is in i am ready to get out.
that how you have to be a pro.
i dont like retail price i like whole sale price.
retail is for stupid
  • #850
  • Mar 25, 2010 6:50am Mar 25, 2010 6:50am
Quoting trade price
did go for 1:1 gu.
see both picture as silde show
I can see why you wanted to try a short here Sho. I'm interested in why you sold at that particular level though - it doesn't seem to be a break of the body or the bottom of the last bar. Is there something I'm missing?
  • #851
  • Mar 25, 2010 6:54am Mar 25, 2010 6:54am
Quoting Sutts
I can see why you wanted to try a short here Sho. I'm interested in why you sold at that particular level though - it doesn't seem to be a break of the body or the bottom of the last bar. Is there something I'm missing?
its supply and demand.(advance level playing)
one day u will see as well.
  • #852
  • Mar 25, 2010 6:56am Mar 25, 2010 6:56am
will be back in 10-15 mins
need a tea
  • #853
  • Mar 25, 2010 6:56am Mar 25, 2010 6:56am
Quoting Sutts
I can see why you wanted to try a short here Sho. I'm interested in why you sold at that particular level though - it doesn't seem to be a break of the body or the bottom of the last bar. Is there something I'm missing?
The other 70%.

  • #854
  • Mar 25, 2010 6:57am Mar 25, 2010 6:57am
Hi Sho,

I've to learn this skill from you!! Some days before I used to jump in if I found the top consolidation like this. But I have been killed by this kind of counter-trend trades so many times. Any special skill for this?

City

Quoting trade price
when everyone thinks to get in i am allready in profit.
when everyone is in i am ready to get out.
that how you have to be a pro.
i dont like retail price i like whole sale price.
retail is for stupid
  • #855
  • Mar 25, 2010 7:08am Mar 25, 2010 7:08am
Quoting Sutts
Now that's nice downward momentum. Hope we can catch a signal on retrace....
Sutts I think this is now that area similar to yesterday its a cross between still in uptrend and momentum the other way
  • #856
  • Mar 25, 2010 7:12am Mar 25, 2010 7:12am
I didnt trade it but e/j looked like is was a good trade short from inv hammer
  • #857
  • Mar 25, 2010 7:14am Mar 25, 2010 7:14am
Quoting francis2
Sutts I think this is now that area similar to yesterday its a cross between still in uptrend and momentum the other way
You could be right francis, thanks for reminding me.

In this case though, at least on GU, the down bar dwarfs the previous up bars and the channel center line has turned down.
  • #858
  • Mar 25, 2010 7:15am Mar 25, 2010 7:15am
Quoting francis2
I didnt trade it but e/j looked like is was a good trade short from inv hammer
I took that one francis but I bugged out at the 38.2 retrace of the big move up. 15 pips is 15 pips though.
  • #859
  • Mar 25, 2010 7:17am Mar 25, 2010 7:17am
Quoting Sutts
You could be right francis, thanks for reminding me.

In this case though, at least on GU, the down bar dwarfs the previous up bars and the channel center line has turned down.
yeah thats why I like prices relationship between 5 and 21 sma tells you how far price has exrtended itself look at diff between eu and gu
  • #860
  • Mar 25, 2010 7:24am Mar 25, 2010 7:24am
I sold the failure of those 2 pins bars on GU. I'm hoping price reaches the 61.8 retrace of the big move up. B/E now.
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