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Intraday price action trend trading

  • #961
  • Mar 25, 2010 11:15am Mar 25, 2010 11:15am
Quoting Sutts
That's a shame. Any idea what that EU spike is all about? I don't see any news.
I see the calendar says EU summit day 1 could be that
  • #962
  • Mar 25, 2010 11:21am Mar 25, 2010 11:21am
Quoting francis2
I see the calendar says EU summit day 1 could be that
Ah, thanks francis.
  • #963
  • Mar 25, 2010 1:19pm Mar 25, 2010 1:19pm
Quoting Sutts
Still down on the day though!

How have you done city? I'm pretty impressed with your daily record so far.
no la, just target on quick trading, stay out of the market asap as we don't know what happen in next min. Try to maintain an average of 30p daily, but these few days couldn't do that.

so keep on learning from this thread.

Got to sleep now.http://cdn.forexfactory.com/images/icons/icon11.gif
Goodnight
City
  • #964
  • Mar 25, 2010 8:51pm Mar 25, 2010 8:51pm
Quoting Sutts
Best trade of the day. Got 42 out of that one.
hey
while i was trading stock i saw that set up and i did jumped in as well.
see the picture.i took that while i was trading for u guys
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  • #965
  • Mar 26, 2010 12:25am Mar 26, 2010 12:25am
Quoting Sutts
Best trade of the day. Got 42 out of that one.
Great mate.

Looks like you made some money and got some sleep.

  • #966
  • Mar 26, 2010 2:53am Mar 26, 2010 2:53am
Quoting matlobien
Great mate.

Looks like you made some money and got some sleep.

Yes, made up for some of the losses anyway LOL.

Looking forward to another day of learning. I think it's great when this thread gets going. No better way to progress.

Took a loss on EJ short and USDCHF long 3 bars back. It's just demo and I know I shouldn't really start until 09:30 when things settle down. Hope for better things to come.....
  • #967
  • Mar 26, 2010 3:17am Mar 26, 2010 3:17am
2 bad trades. Comments welcome
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  • #968
  • Mar 26, 2010 3:27am Mar 26, 2010 3:27am
Quoting Sutts
2 bad trades. Comments welcome
e/j difficult one as I see it overall trend up but on round number so could bounce it was also 61% level of daily previous move could have gone either way as saw it either rightly or wrongly I went long above high of red bar
  • #969
  • Mar 26, 2010 3:37am Mar 26, 2010 3:37am
Quoting Sutts
2 bad trades. Comments welcome
looking at swissy chart maybe mkt to sideways no real direction those two M15 bars failed double top?? also previous close high at 1.30 gmt? just my thoughts
  • #970
  • Mar 26, 2010 3:42am Mar 26, 2010 3:42am
Quoting francis2
e/j difficult one as I see it overall trend up but on round number so could bounce it was also 61% level of daily previous move could have gone either way as saw it either rightly or wrongly I went long above high of red bar
Thanks francis, looks like you got it very right...looking good.

I figured the bounce off the daily TL and the 61 daily fib made for a good setup but I guess I was trading in a real battleground and the bulls have come through.
  • #971
  • Mar 26, 2010 3:45am Mar 26, 2010 3:45am
Sutts according to the rules gbp just now was the short ot the close of the 2nd green inv hammer and stop at r/n top of wick
  • #972
  • Mar 26, 2010 3:58am Mar 26, 2010 3:58am
went long e/j move above open of red hammer stop below hammer
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  • #973
  • Mar 26, 2010 3:58am Mar 26, 2010 3:58am
Quoting francis2
looking at swissy chart maybe mkt to sideways no real direction those two M15 bars failed double top?? also previous close high at 1.30 gmt? just my thoughts
Thanks for the feedback francis. I do keep getting burned when taking trades out of sideways action zones like this...but then look what happened to USDCAD this morning. I usually choose the one that doesn't run!

Must start paying more attention to the way the pull back begins. You're right, the second M15 bar struggled to get higher before it fell. I'll keep an eye out for those situations.

cheers
  • #974
  • Mar 26, 2010 4:01am Mar 26, 2010 4:01am
Quoting francis2
went long e/j move above open of red hammer stop below hammer
b/e
  • #975
  • Mar 26, 2010 4:02am Mar 26, 2010 4:02am
Quoting francis2
Sutts according to the rules gbp just now was the short ot the close of the 2nd green inv hammer and stop at r/n top of wick
Thanks francis. I took 20 on the first inverted green hammer. The last impulse down failed so I'm cautious about taking the second.
  • #976
  • Mar 26, 2010 4:08am Mar 26, 2010 4:08am
short gbpusd
arrow: signal bar
cross: entry bar
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  • #977
  • Mar 26, 2010 4:08am Mar 26, 2010 4:08am
Quoting Sutts
Thanks francis. I took 20 on the first inverted green hammer. The last impulse down failed so I'm cautious about taking the second.
was your entry about 1.4833
  • #978
  • Mar 26, 2010 4:11am Mar 26, 2010 4:11am
Quoting Sutts
2 bad trades. Comments welcome
hi sutts,
you have so much on your chart, that would hurt my eys
what do use? fractals pivots better volumen trendlines , to you need this for your trading setup?
opposite look at the naked chart from usdchf and ask yourself : would you have gone long like yuo dit at this time?
yes there was a pin bar as a swing low but other?
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  • #979
  • Mar 26, 2010 4:12am Mar 26, 2010 4:12am
gbpusd stopped out -16 pips
  • #980
  • Mar 26, 2010 4:17am Mar 26, 2010 4:17am
Quoting francis2
was your entry about 1.4833
Yes, 1.4833. Stop was big but I missed so many good entries yesterday that I'm increasing my risk tolerance today.
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