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Intraday price action trend trading

  • #981
  • Mar 26, 2010 4:20am Mar 26, 2010 4:20am
short usdchf
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Click to Enlarge Name: usdchf-0012.gif Size: 25 KB
  • #982
  • Mar 26, 2010 4:25am Mar 26, 2010 4:25am
Quoting MJurban
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?

True, it is a busy chart but at least I weaned myself off all those indicators! I'm feeling pretty naked already. I agree your chart is much clearer though.

I plot the big and round number lines plus key fractals off the major timeframes as they really help with targeting and give me confidence when I see a setup resting on one of them. I find the tick volume gives me confidence in the setup too - expect lower volume on pullbacks.

I do plot the odd higher timeframe trend line too.

Maybe one day I can be a true nudist like you.
  • #983
  • Mar 26, 2010 4:32am Mar 26, 2010 4:32am
Quoting Sutts
True, it is a busy chart but at least I weaned myself off all those indicators! I'm feeling pretty naked already. I agree your chart is much clearer though.

I plot the big and round number lines plus key fractals off the major timeframes as they really help with targeting and give me confidence when I see a setup resting on one of them. I find the tick volume gives me confidence in the setup too - expect lower volume on pullbacks.

I do plot the odd higher timeframe trend line too.

Maybe one day I can be a true nudist like you....
if it helps you, its more than OK.
i have been with the VSA thread quite a time, also in chat abd there are very good people to, but i could not archive any help for me. Sometimes it works sometime not.
also the pivots , close to the pivots it is a dnager in not so busy times tha scalper treend to the pivots but in longer time it does not mean so much
  • #984
  • Mar 26, 2010 4:38am Mar 26, 2010 4:38am
Quoting MJurban
short usdchf

closed B/E
looks mor like a range than a trend, also momentum for long
its fryday and
EU Economic Summit 2.day
  • #985
  • Mar 26, 2010 4:44am Mar 26, 2010 4:44am
Quoting MJurban
closed B/E
looks mor like a range than a trend, also momentum for long
its fryday and
EU Economic Summit 2.day
talking about indicators etc Mj that trade was right on H1 60 sma you cant win em all the time
  • #986
  • Mar 26, 2010 4:47am Mar 26, 2010 4:47am
interesting area on gbp is this impulse or corrective?
  • #987
  • Mar 26, 2010 4:48am Mar 26, 2010 4:48am
yes may be a was wrong, at least i took another short according to the rules 2. try
sl 9 tp 21

let see
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  • #988
  • Mar 26, 2010 4:50am Mar 26, 2010 4:50am
Quoting MJurban
yes may be a was wrong, at least i took another short according to the rules 2. try
sl 9 tp 21

let see
Those big greens might be trying to tell us something though.
  • #989
  • Mar 26, 2010 4:51am Mar 26, 2010 4:51am
Quoting francis2
interesting area on gbp is this impulse or corrective?
I'm still thinking the momentum is to the downside. The last move broken the last swing but the bars aren't particularly strong compared to the priot big reds.
  • #990
  • Mar 26, 2010 4:53am Mar 26, 2010 4:53am
Quoting Sutts
I'm still thinking the momentum is to the downside. The last move broken the last swing but the bars aren't particularly strong compared to the priot big reds.
It is Friday aswell anything can happen also another all day eu summit
  • #991
  • Mar 26, 2010 4:54am Mar 26, 2010 4:54am
Quoting francis2
talking about indicators etc Mj that trade was right on H1 60 sma you cant win em all the time

i dont understand what you are telling me, i dont trade H1 and sma60 but most of my trades are B/E or with very little loss
thats right you cannot win all trades 50% or even less (2:1 or 3:1) is OK
  • #992
  • Mar 26, 2010 5:02am Mar 26, 2010 5:02am
trade management
i a situation like this, even only 7 pips in provit, i will not wait until the Stoploss is reached, if price breacks the bar where entered, i close the trade with masx -3 or -4 pips

i dont know if this is god or bad ; comments are welcome
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  • #993
  • Mar 26, 2010 5:04am Mar 26, 2010 5:04am
Quoting MJurban
i dont understand what you are telling me, i dont trade H1 and sma60 but most of my trades are B/E or with very little loss
thats right you cannot win all trades 50% or even less (2:1 or 3:1) is OK
No it was no criticism at all just part of the discussion about different things people use to help them trade eg I have a couple of mas which for me help give resistance areas on diff time frames on M15 to filter trades that was all
  • #994
  • Mar 26, 2010 5:05am Mar 26, 2010 5:05am
Quoting MJurban
trade management
i a situation like this, even only 7 pips in provit, i will not wait until the Stoploss is reached, if price breacks the bar where entered, i close the trade with masx -3 or -4 pips

i dont know if this is god or bad ; comments are welcome
No thats a good thing its all about minimizing risk
  • #995
  • Mar 26, 2010 5:09am Mar 26, 2010 5:09am
Quoting francis2
No thats a good thing its all about minimizing risk

I agree
  • #996
  • Mar 26, 2010 5:10am Mar 26, 2010 5:10am
Quoting francis2
No thats a good thing its all about minimizing risk

thanks for answer
buy the way price has reached 11 pips gain so i can draw my sl to B/E according to the rules
may bed the 2. B/E today cause market slowed down
  • #997
  • Mar 26, 2010 5:16am Mar 26, 2010 5:16am
Quoting Sutts
I'm still thinking the momentum is to the downside. The last move broken the last swing but the bars aren't particularly strong compared to the priot big reds.
look what happened you cant win can you sometimes
  • #998
  • Mar 26, 2010 5:18am Mar 26, 2010 5:18am
another trade management,
if in this situation price will not reach the TP i will close the trade manually when 10 pips gain are reached.
cause sl 9 tp 10 gives me a profit from 0,5% and thats not bad for a friday
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  • #999
  • Mar 26, 2010 5:22am Mar 26, 2010 5:22am
Quoting MJurban
another trade management,
if in this situation price will not reach the TP i will close the trade manually when 10 pips gain are reached.
cause sl 9 tp 10 gives me a profit from 0,5% and thats not bad for a friday
good trade
  • #1,000
  • Mar 26, 2010 5:27am Mar 26, 2010 5:27am
good morning
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