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Intraday price action trend trading

  • #1,301
  • Apr 6, 2010 12:01pm Apr 6, 2010 12:01pm
Hi MJ / Francis,

Oh yeah, I would pass the short trade first but the nice inside red bar + 123 formation would lead me go for long probably. Tks for the idea exchange.

Cheers

Quoting MJurban
thats not different, thats what i said, 1-2-3 Formation for a long play at the end. Only before that there was short play but the divergence already gave warning that the short will end soon

Edit: on your chart i miss the bullish divergence, looks like we have differen stochs -- to bad --
  • #1,302
  • Apr 6, 2010 12:05pm Apr 6, 2010 12:05pm
I dont trade g/j because of the spreads but I see theres been quite a few long signals
  • #1,303
  • Apr 6, 2010 12:08pm Apr 6, 2010 12:08pm
break even trade aus took short bounce off 9250
Attached Image (click to enlarge)
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  • #1,304
  • Apr 7, 2010 12:15am Apr 7, 2010 12:15am
Hi Sho,

Alerted that you have updated the page 1.

"scalping pnl report.after reading pnl please dont try to teach me MM i am real trader i do understand what u want to say. i use fix lots whenever i trade.i do what works for me.all the best."

I really like this as I use to fix my lot the same for all trades. Doesn't bother to adjust it every time of entry, I would rather prefer to pay my attention on trade management, the right moment for in and out is the most important (at least for me).

For the fixed lot, I always know the rough idea on how much I 'm willing to lose or the target profit.

Cheers
City
  • #1,305
  • Edited 12:57am Apr 7, 2010 12:20am | Edited 12:57am
In the lunch break right now, +5 so far entry after the forming of double top.

(can't post picture in office, sorry)

City

Edit - just cut with +6p, as the candle is playing around the 125.95
2nd edit - it arrived my initial target at 125.8, ha ha, see whether any retrace
3rd update - ha ha, non-stop train down to 125.60, what's a nice play for 40p, if no cut
  • #1,306
  • Apr 7, 2010 1:49am Apr 7, 2010 1:49am
Short on GU at 5243 will post chart later.
  • #1,307
  • Apr 7, 2010 2:39am Apr 7, 2010 2:39am
Took 10 pips profit. Now in Long GU.
Also took EU long quick 10 pip profit.
  • #1,308
  • Apr 7, 2010 2:39am Apr 7, 2010 2:39am
short usdcad
yellow arrow: signal bar
magenta arrow: entry bar
stoploss: 9 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 19 KB
  • #1,309
  • Apr 7, 2010 2:48am Apr 7, 2010 2:48am
usdcad short: stopped out - 9 pips
  • #1,310
  • Apr 7, 2010 3:04am Apr 7, 2010 3:04am
long eurusd
magenta arrow: inside bar
yellow arrow: entry at breakout of signal bar
stoploss: 9 pips + 3 p spread= 12 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 22 KB
  • #1,311
  • Apr 7, 2010 3:13am Apr 7, 2010 3:13am
perhaps I bought into a strong resistance line (yellow line)? Let's wait.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 23 KB
  • #1,312
  • Apr 7, 2010 3:13am Apr 7, 2010 3:13am
GU long 15 pip TP hit.
Still in Long on EU
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  • #1,313
  • Apr 7, 2010 3:20am Apr 7, 2010 3:20am
Big news is coming in 10 imns, careful guys!!

Quoting 786 trading
GU long 15 pip TP hit.
Still in Long on EU
  • #1,314
  • Apr 7, 2010 3:24am Apr 7, 2010 3:24am
eurusd long: closed + 1 pip, lost confidence
Now audjpy short
arrow: signal bar
cross: entry bar ( a little bit late, 3 pips below break of the low of signal bar + 6 pips spread)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 20 KB
  • #1,315
  • Apr 7, 2010 3:28am Apr 7, 2010 3:28am
big mistake to close eurusd long!
  • #1,316
  • Apr 7, 2010 3:35am Apr 7, 2010 3:35am
long eurgbp
arrow: bullish outside bar
cross: entry bar
stoploss below middle Keltner band
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 19 KB
  • #1,317
  • Apr 7, 2010 3:38am Apr 7, 2010 3:38am
Quoting 786 trading
GU long 15 pip TP hit.
Still in Long on EU
Closed at BE, after 3 candles was still not moved in my favor as expected so closed the trade and would wait for next ride. Also as BuildCity mentioned news is coming so better to stay side line.
Edit: Also see the last long candle was failed to close above the Chanel .... made my alerts on.
Attached Image (click to enlarge)
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  • #1,318
  • Apr 7, 2010 4:57am Apr 7, 2010 4:57am
audjpy short: stopped out - 16 pips
eurgbp long closed after 1 hour + 2 pips
  • #1,319
  • Apr 7, 2010 5:29am Apr 7, 2010 5:29am
Quoting Milton
long eurusd
magenta arrow: inside bar
yellow arrow: entry at breakout of signal bar
stoploss: 9 pips + 3 p spread= 12 pips
hey milton.
ur most of the entry is too late.
scalping doesnot work like this.
late entry mean u missed the train.now its comeing from the opposite side.
  • #1,320
  • Apr 7, 2010 5:48am Apr 7, 2010 5:48am
usd/chf
edit:
and gbp/jpy
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