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Intraday price action trend trading

  • #1,921
  • Apr 26, 2010 8:04am Apr 26, 2010 8:04am
gbp +15
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  • #1,922
  • Apr 26, 2010 8:39am Apr 26, 2010 8:39am
Francis, you picked the long trade coz the support of R2?

Still can't find any entry pt

Quoting francis2
gbp +15
  • #1,923
  • Edited 8:54am Apr 26, 2010 8:45am | Edited 8:54am
Try........

Result + 6 out
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  • #1,924
  • Apr 26, 2010 8:55am Apr 26, 2010 8:55am
Quoting Buildcity
Francis, you picked the long trade coz the support of R2?

Still can't find any entry pt
it was 50% retrace of up move
in these choppy markets I get unsure whether its upmove or retrace of bigger downmove I dont find it easy like this
  • #1,925
  • Apr 26, 2010 9:06am Apr 26, 2010 9:06am
Quoting Buildcity
Be patient..................

Result ... seems no good, manual cut with +4 only
In my eyes I saw this as 61% retrace of bigger downmove so I couldnt bring myself to go long earlier
  • #1,926
  • Apr 26, 2010 9:07am Apr 26, 2010 9:07am
Quoting francis2
it was 50% retrace of up move
in these choppy markets I get unsure whether its upmove or retrace of bigger downmove I dont find it easy like this
Tks Francis,

I keep watching EU, GU & EJ, just like a Fri afternoon.
  • #1,927
  • Apr 26, 2010 9:21am Apr 26, 2010 9:21am
eu +20

edit actually entered further up retrace and not red line of rules
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  • #1,928
  • Apr 26, 2010 9:23am Apr 26, 2010 9:23am
Quoting francis2
eu +20
Good play, I missed this one and the EJ too........
  • #1,929
  • Apr 26, 2010 9:30am Apr 26, 2010 9:30am
Quoting Buildcity
Previous resistance now support
BC been looking at your chart theres so many ways to skin a cat if you look horizontally there is an argument here for previous support becomes resistance also
  • #1,930
  • Edited 9:39am Apr 26, 2010 9:37am | Edited 9:39am
Quoting francis2
BC been looking at your chart theres so many ways to skin a cat if you look horizontally there is an argument here for previous support becomes resistance also

Yes, still figure out how to find a strong S&R level
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  • #1,931
  • Apr 26, 2010 9:43am Apr 26, 2010 9:43am
Quoting Buildcity
Yes, still figure out how to find a strong S&R level
Yes when using M15 its hard seeing where to aim for because if you use H1 or H4 areas either bands of price or closes etc you end up with a vast res area
  • #1,932
  • Apr 26, 2010 10:53am Apr 26, 2010 10:53am
BC if you look at gu now line graph in H1 and H4 difficult to tell if there is more up room
  • #1,933
  • Edited 11:08am Apr 26, 2010 11:05am | Edited 11:08am
Quoting francis2
BC if you look at gu now line graph in H1 and H4 difficult to tell if there is more up room
Sorry, Just taking care of my last aggressive trades before closing of London on GU, EJ & EU, all short and out

GU +7; entry of double top + divergence
EU +6; entry of double top + still overall trend down
EJ +5; entry at the resistance of trend line

No time to take graphic
  • #1,934
  • Apr 26, 2010 11:08am Apr 26, 2010 11:08am
aus inside bar / retrace +9
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  • #1,935
  • Apr 26, 2010 11:10am Apr 26, 2010 11:10am
Quoting Buildcity
Sorry, Just taking care of my last aggressive trades before closing of London on GU, EJ & EU, all short and out

GU +7; entry of double top + divergence
EU +6; entry of double top + still overall trend down
EJ +5; entry at the resistance of trend line

No time to take graphic
  • #1,936
  • Apr 26, 2010 11:21am Apr 26, 2010 11:21am
Quoting francis2
BC if you look at gu now line graph in H1 and H4 difficult to tell if there is more up room
You mean like these? All at resistance zone?
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  • #1,937
  • Apr 27, 2010 1:10am Apr 27, 2010 1:10am
2 short plays this morning, shows my main mistake: still closing the trades to fast. ´No confidence
1. short 2 pips could easy have been 10
2. short 4 pips also 10 pips possible and still not clear where price will go to
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  • #1,938
  • Apr 27, 2010 1:15am Apr 27, 2010 1:15am
Hi MJ,

Nice to see you around.

Happy trading.
City

Quoting MJurban
2 short plays this morning, shows my main mistake: still closing the trades to fast. ´No confidence
1. short 2 pips could easy have been 10
2. short 4 pips also 10 pips possible and still not clear where price will go to
  • #1,939
  • Apr 27, 2010 1:18am Apr 27, 2010 1:18am
Entry after the red OB and break the MA10, still get out too quick. otherwise a nice 20p

Edit: shit now +40, just a few mins after
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  • #1,940
  • Apr 27, 2010 1:30am Apr 27, 2010 1:30am
Quoting Buildcity
Entry after the red OB and break the MA10, still get out too quick. otherwise a nice 20p

Edit: shit now +40, just a few mins after
Hi City,
where are you placing the stops on the outside bars? Size of the bar on my chart is about 22 pips plus a bit at each end. Which means a stop of maybe 25 or so if you go to the usual end of the bar place.
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