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Intraday price action trend trading

  • #2,501
  • May 13, 2010 1:17am May 13, 2010 1:17am
good morning
city, u should leave some pips for the rest of the comuntity,

long eu, sl 5 pips gain 10 pips, before the breakfast
Attached Image
  • #2,502
  • May 13, 2010 1:19am May 13, 2010 1:19am
Quoting faithno
Good morning everybody!

I suppose it was nice entry (red arrow), but I was doing something else, damn it!

Peter
yes, that would be a perfect entry
  • #2,503
  • May 13, 2010 1:25am May 13, 2010 1:25am
Glad to know that we all picked up the momentum stuff, even slower than what Sho expecting from us.

BTW, RR at 1:2 is still very good, at least for me.

Quoting MJurban
good morning
city, u should leave some pips for the rest of the comuntity,

long eu, sl 5 pips gain 10 pips, before the breakfast
  • #2,504
  • May 13, 2010 2:10am May 13, 2010 2:10am
Quoting Buildcity
Glad to know that we all picked up the momentum stuff, even slower than what Sho expecting from us.

BTW, RR at 1:2 is still very good, at least for me.
i have a feeling, that taking wins when ever they happen even if only small , is better now with the euro crisis behind.
  • #2,505
  • May 13, 2010 2:16am May 13, 2010 2:16am
How about this IB break. Long with 20pips profit now.

Peter
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  • #2,506
  • Edited 2:58am May 13, 2010 2:19am | Edited 2:58am
Too early??? Or hear we go?

Attached Image (click to enlarge)
Click to Enlarge Name: eg.gif Size: 35 KB


STOPPED OUT, -20
Stop killing our Oceans, Stop using single use plastics.
  • #2,507
  • May 13, 2010 2:33am May 13, 2010 2:33am
Quoting faithno
How about this IB break. Long with 20pips profit now.

Peter
I took that too Peter with a stop of 14. Was holding out for +28 to make it 1:2 R:R. Came right back on me and stopped out B/E.

I was only 1.5 pips off the target too. Didn't think it would break back across R/N. Need to work on my profit taking me thinks.
  • #2,508
  • May 13, 2010 2:41am May 13, 2010 2:41am
Quoting Sutts
I took that too Peter with a stop of 14. Was holding out for +28 to make it 1:2 R:R. Came right back on me and stopped out B/E.

I was only 1.5 pips off the target too. Didn't think it would break back across R/N. Need to work on my profit taking me thinks.
Sorry to hear that, Sutts.

My SL was based on low of current bar (11pips) and went for PT=20pips.
  • #2,509
  • May 13, 2010 3:04am May 13, 2010 3:04am
Quoting faithno
Sorry to hear that, Sutts.

My SL was based on low of current bar (11pips) and went for PT=20pips.

Glad you could make something out of it. I had my stop 2 pips below the low.
  • #2,510
  • May 13, 2010 3:42am May 13, 2010 3:42am
Cable offered us a good helping of money this morning
Currently +97
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  • #2,511
  • May 13, 2010 3:51am May 13, 2010 3:51am
GU & EJ +50


Nice Inside Bars today, but i tend to take profits way too early, as you can see i had a TP of 1:2 set and with that it could easily be +100 today...but damn i watched the chart and almost got a heart attack

what did i learn from todays trades ?

I need to let trades run, i dont need to watch the chart during the trade, i only need to come back when candle closes and act on it.



@ priceaction how would you know to go short on this one ? I would say that momentum was still up, and i know there was 1.49, but as we know, momentum exceeds everything


edit: still too exited im taking 1-2 hours off...
Attached Images
Never whishing, always trading.
  • #2,512
  • May 13, 2010 4:17am May 13, 2010 4:17am
Quoting Hova
GU & EJ +50


Nice Inside Bars today, but i tend to take profits way too early, as you can see i had a TP of 1:2 set and with that it could easily be +100 today...but damn i watched the chart and almost got a heart attack

what did i learn from todays trades ?

I need to let trades run, i dont need to watch the chart during the trade, i only need to come back when candle closes and act on it.

@ priceaction how would you know to go short on this one ? I would say...
Hi Hova,

I took a couple of good longs but there was no "impressive" upward momentum in my opinion. I felt the moves up were weak and so I was always on my guard for price to reverse and I traded those longs very carefully.

I saw S&R at the 1.49 area. More detail of my thoughts posted here

Work on your psychology (every day) as well as your analysis.
Believe in the method, not your mind.
It's very very hard and every consistently successful trader will have been on that journey.
Read Trading in the Zone.

Rob
  • #2,513
  • May 13, 2010 4:30am May 13, 2010 4:30am
Quoting priceaction
Hi Hova,

I took a couple of good longs but there was no "impressive" upward momentum in my opinion. I felt the moves up were weak and so I was always on my guard for price to reverse and I traded those longs very carefully.

I saw S&R at the 1.49 area. More detail of my thoughts posted here

Work on your psychology (every day) as well as your analysis.
Believe in the method, not your mind.
It's very very hard and every consistently successful trader will have been...

I think were talking about the same longs, i took three Inside bars on the long site today on EU GU and EJ, all three Stopped Out at BE.

You're right, on all these pairs weve been at resistance areas, but i couldn't get myself to think "short" ^^. even though I've seen all of Steve Nison's stuff and know that on GU, this was a Dark cloud cover at a resistance area, where its likely to reverse.

Still in training right now.
im on this method for my 1st week now, and i've seen so much improvement to my trading and i watched the trades i took before....ridiculous what i was doing^^

thx for advise
Never whishing, always trading.
  • #2,514
  • May 13, 2010 4:50am May 13, 2010 4:50am
Double bottom and divergence on EU/GU 15M at the moment?
Do you think we're in for a decent retrace now?
  • #2,515
  • May 13, 2010 5:32am May 13, 2010 5:32am
Hi Rob and Hova,

Late to join the party!!

For the case of GU, honest I have no idea to join the short at the pt of IB break as highlighted by Rob (great decision ). But surely I would join the short right after the big red momentum bar which breaks the upward trend from the day start. Its my personal view.

For sharing
City


Quoting priceaction
Hi Hova,

I took a couple of good longs but there was no "impressive" upward momentum in my opinion. I felt the moves up were weak and so I was always on my guard for price to reverse and I traded those longs very carefully.

I saw S&R at the 1.49 area. More detail of my thoughts posted here

Work on your psychology (every day) as well as your analysis.
Believe in the method, not your mind.
It's very very hard and every consistently successful trader will have...
Attached Image (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 117 KB
  • #2,516
  • May 13, 2010 5:38am May 13, 2010 5:38am
Where is Francis the 2nd? Really miss your MAs chart
  • #2,517
  • May 13, 2010 5:46am May 13, 2010 5:46am
Hi Dave,

How your trades today? I only have 22 from this morning.
  • #2,518
  • May 13, 2010 5:54am May 13, 2010 5:54am
Quoting Buildcity
Hi Dave,

How your trades today? I only have 22 from this morning.
Quite poor City, down 9.

The crazy thing is I got in on the GU and EU fall on the signal bars after the big red momentum set in but of course got out far too early. I've got a long way to go I think but at least I'm picking the correct setups now.
  • #2,519
  • May 13, 2010 6:05am May 13, 2010 6:05am
No worry mate, I do have bad days sometimes then just give yourself a break. "No pain" mind set is much important (at least for me). And trade like a robot when the right set up is met.

Cheer up
City

Quoting Sutts
Quite poor City, down 9.

The crazy thing is I got in on the GU and EU fall on the signal bars after the big red momentum set in but of course got out far too early. I've got a long way to go I think but at least I'm picking the correct setups now.
  • #2,520
  • May 13, 2010 6:16am May 13, 2010 6:16am
I'm expecting a long trade from GU............
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