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Intraday price action trend trading

  • #2,321
  • May 7, 2010 3:00am May 7, 2010 3:00am
GU 15 min chart below. 15 min bar closes in 1 min.

 

  1. Pin
  2. Round number
  3. Fib

Rob

Attached Image (click to enlarge)
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  • #2,322
  • Edited 4:13am May 7, 2010 3:25am | Edited 4:13am
long eu

edit: anathor B/E
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  • #2,323
  • May 7, 2010 3:42am May 7, 2010 3:42am
3 of todays trades
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  • #2,324
  • May 7, 2010 3:47am May 7, 2010 3:47am
Haha, you guys are all alive.

Quoting Buildcity
Today EJ range = 1021 pips,


No one in long please

Edit: Quote from the main thread Sho has just reminded everyone "as a retail trader we must have to use the stop loss.no one watching over our shoulder"

All stop loss have been triggered within a short moment.
  • #2,325
  • May 7, 2010 3:49am May 7, 2010 3:49am
Quoting Buildcity
Haha, you guys are all alive.
yeah its made stops a bit hairy though
  • #2,326
  • Edited 4:08am May 7, 2010 4:05am | Edited 4:08am
Quoting priceaction
GU 15 min chart below. 15 min bar closes in 1 min.

 

  1. Pin
  2. Round number
  3. Fib

Rob

These worked well
Normally I would have opened only one position but Sho explained yesterday that we need to act on EVERY signal.
I got two signals so I opened two positions.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gu2.jpg Size: 194 KB
  • #2,327
  • May 7, 2010 4:14am May 7, 2010 4:14am
Quoting priceaction
These worked well
Normally I would have opened only one position but Sho explained yesterday that we need to act on EVERY signal.
I got two signals so I opened two positions.
hah hah.thats lovely.can i have some pips for my tip?
  • #2,328
  • May 7, 2010 4:24am May 7, 2010 4:24am
Hi guys, it's my first post, but I've been following this and the other thread for some time and I think they are great!

And there are many great people here.

Thank you trade price and the others!

Best regards

Peter
  • #2,329
  • May 7, 2010 4:24am May 7, 2010 4:24am
eu +23 inside bar break wouldnt have let it run to stop though
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  • #2,330
  • May 7, 2010 4:28am May 7, 2010 4:28am
my eu quick long.
EDIT:
by the way that was my 1000 post.that was quick!!!!!!!
Attached Image
  • #2,331
  • May 7, 2010 4:34am May 7, 2010 4:34am
Quoting trade price
hah hah.thats lovely.can i have some pips for my tip?
Ha ha ...yes nice tip Sho.
Thank you my friend.

Short 2 is currently +218 pips.
We have broken 1.45.
  • #2,332
  • May 7, 2010 4:36am May 7, 2010 4:36am
Quoting priceaction
Ha ha ...yes nice tip Sho.
Thank you my friend.

Short 2 is currently +218 pips.
We have broken 1.45.
NICE TRADE

LONG LIVE SCALPING
  • #2,333
  • May 7, 2010 4:36am May 7, 2010 4:36am
Quoting trade price
my eu quick long
Hi Sho,

I'm really struggling with the volatility this week. I saw that entry bar but it required a 20 stop and never retraced to give me a lower risk entry.

Should we be upping our risk parameters this week or stay out completely?
  • #2,334
  • May 7, 2010 4:42am May 7, 2010 4:42am
Quoting priceaction
These worked well
Normally I would have opened only one position but Sho explained yesterday that we need to act on EVERY signal.
I got two signals so I opened two positions.

May I ask what size stops you used on these shorts please? Are you parking the stops above the bar highs or using smaller mid-bar stops due to the volatility?

Thanks!
  • #2,335
  • May 7, 2010 4:44am May 7, 2010 4:44am
Quoting Sutts
Hi Sho,

I'm really struggling with the volatility this week. I saw that entry bar but it required a 20 stop and never retraced to give me a lower risk entry.

Should we be upping our risk parameters this week or stay out completely?
gear up the rule for few pips.in the volatile market u need few pip extra.not too much.
as long as its not big for u thats fine.if u enter at the break of signal bar use same stop.
i love volatile market man.must use stop.other wise u will blow the account.
what happened yesterday have u seen?
  • #2,336
  • May 7, 2010 4:47am May 7, 2010 4:47am
this was a very fast 42 pips
Attached Image
  • #2,337
  • May 7, 2010 4:52am May 7, 2010 4:52am
Quoting MJurban
this was a very fast 42 pips
its allways fast with the momentum(speed of the market)
  • #2,338
  • May 7, 2010 4:53am May 7, 2010 4:53am
Quoting trade price
gear up the rule for few pips.in the volatile market u need few pip extra.not too much.
as long as its not big for u thats fine.if u enter at the break of signal bar use same stop.
i love volatile market man.must use stop.other wise u will blow the account.
what happened yesterday have u seen?
Thanks Sho, I don't think 15 pip stops give us much of a chance in this kind of market. I am seeing the entry bars - just don't get a chance to enter at a risk I'm comfortable with.

Last 2 days have been totally crazy. I find it really frustrating watching all those pips pass me by but I guess you've got to risk big to win big.

Cheers,

Dave
  • #2,339
  • May 7, 2010 4:54am May 7, 2010 4:54am
Quoting Sutts
May I ask what size stops you used on these shorts please? Are you parking the stops above the bar highs or using smaller mid-bar stops due to the volatility?

Thanks!
Hi Sutts,
My 2 stops were just above the bar highs.
Short 1 SL was 28 pips and Short 2 was 25 pips.

The risk was larger than I usually take, but we have seen stronger downward momentum in this last 24 hrs than any day in the last 13 months. With the UK suffering a hung parliament after the election, I don't see any confidence in GBP until the situation is resolved.

So I was personally happy to accept that risk at my entry point.
Rob
  • #2,340
  • May 7, 2010 5:04am May 7, 2010 5:04am
Quoting priceaction
Hi Sutts,
My 2 stops were just above the bar highs.
Short 1 SL was 28 pips and Short 2 was 25 pips.

The risk was larger than I usually take, but we have seen stronger downward momentum in this last 24 hrs than any day in the last 13 months. With the UK suffering a hung parliament after the election, I don't see any confidence in GBP until the situation is resolved.

So I was personally happy to accept that risk at my entry point.
Rob
Great Rob, thanks for confirming. The method works fine....I just need to grow some bigger balls.
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