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Intraday price action trend trading

  • #2,661
  • May 17, 2010 6:10am May 17, 2010 6:10am
Thanks BuildCity It's a pleasure to be here to learn
  • #2,662
  • May 17, 2010 6:11am May 17, 2010 6:11am
Quoting Sutts
Can I confirm that this was a valid short please?

Bearish momentum seemed to have been established at the time.

Short signal bar indicated by arrow.

Also....if that big red bar was bearish momentum, at what point was the bullish momentum reestablished? After second green bar following my entry perhaps?

Thanks
this is where i becomes c of a more dominant move i believe and as you say 2 green bars reestablish upwards momentum
  • #2,663
  • May 17, 2010 6:17am May 17, 2010 6:17am
Quoting Sutts
Can I confirm that this was a valid short please?

Bearish momentum seemed to have been established at the time.

Short signal bar indicated by arrow.

Also....if that big red bar was bearish momentum, at what point was the bullish momentum reestablished? After second green bar following my entry perhaps?

Thanks
bar is ok but look at the left, where it was on and its against the current trend.and its not retraced properly.even its not an aggresive entry as well.
try to stay with the slop of the KC for time being until you will get confidence with the setup.
i know heads get bit tricky when few setup fails .
DAVE from now on you only trade the setup that is bouncing from middle or any line with the slop of KC.dont take any counter trend trade for a while.only conservative setups.
  • #2,664
  • May 17, 2010 6:22am May 17, 2010 6:22am
Quoting Sutts
Am I correct?

EU momentum still bullish
GU momentum bearish
both is bearish .its just profit taking and absorvig the shorts.so we are just nibling.its bit tricky today.will setle down tommorow.
gu is forming a 4hour IB
eu is on the last days low .probably it will act as resistant.
dont trade without clear direction
  • #2,665
  • May 17, 2010 6:25am May 17, 2010 6:25am
Quoting trade price
bar is ok but look at the left, where it was on and its against the current trend.and its not retraced properly.even its not an aggresive entry as well.
try to stay with the slop of the KC for time being until you will get confidence with the setup.
i know heads get bit tricky when few setup fails .
DAVE from now on you only trade the setup that is bouncing from middle or any line with the slop of KC.dont take any counter trend trade for a while.only conservative setups.

I'm getting a bit ahead of myself I think. I'll slow down and do as you say Sho.

Am I right in saying that big red bar would have kept you out of a long, at least until the second green bar was printed?

Thanks for the help.
  • #2,666
  • May 17, 2010 6:26am May 17, 2010 6:26am
e/j +26 61% retrace strong uptrend
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  • #2,667
  • May 17, 2010 6:30am May 17, 2010 6:30am
Quoting Sutts
I'm getting a bit ahead of myself I think. I'll slow down and do as you say Sho.

Am I right in saying that big red bar would have kept you out of a long, at least until the second green bar was printed?

Thanks for the help.
yes that was sign to stay aside.flip the side whenever u need.dont think only long or short all day.allways try to change your mind with the market movement.dont change the methood.and belive in your self.that is important.
i am off see you next time.
good trading all.save your pip.
  • #2,668
  • May 17, 2010 6:46am May 17, 2010 6:46am
Quoting trade price
yes that was sign to stay aside.flip the side whenever u need.dont think only long or short all day.allways try to change your mind with the market movement.dont change the methood.and belive in your self.that is important.
i am off see you next time.
good trading all.save your pip.
See you Sho, thanks for the advice.

Dave
  • #2,669
  • May 17, 2010 6:49am May 17, 2010 6:49am
e/j +25
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  • #2,670
  • May 17, 2010 6:50am May 17, 2010 6:50am
Bonus, just bank in this 18 with outbreak of IB

Edit: result, see above Francis's pic
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  • #2,671
  • May 17, 2010 6:51am May 17, 2010 6:51am
Quoting francis2
e/j +25
Francis, you always faster than me, same trade

I'm wondering whether I should put my sma5 on
  • #2,672
  • May 17, 2010 6:56am May 17, 2010 6:56am
Quoting Buildcity
Francis, you always faster than me, same trade
yes it was another nice one pays to wait if unsure there is always another round the corner
  • #2,673
  • May 17, 2010 7:07am May 17, 2010 7:07am
How beautiful of hanging man as at now!!

If the resistance zone from 1.47-1.5 is clear, pretty good room from 1.5 upward.
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  • #2,674
  • May 17, 2010 7:25am May 17, 2010 7:25am
Alright guys, news time better no play. Quite good today with all pips in safe . Back home with family now.

Happy trading all!!

City
  • #2,675
  • May 17, 2010 7:34am May 17, 2010 7:34am
got to go see you later
  • #2,676
  • Edited 8:59am May 17, 2010 8:30am | Edited 8:59am
Did you guys play this long, a very good 70p from perfect setup with Sho's rule. Missed that during the way to home
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  • #2,677
  • May 17, 2010 9:52am May 17, 2010 9:52am
Quoting Buildcity
Did you guys play this long, a very good 70p from perfect setup with Sho's rule. Missed that during the way to home
I wasn't around Eric but I think I might have skipped this entry due to the bearish inside bar break and bearish momentum that preceded the signal bar.
Perhaps I need to fine tune my momentum sensors though. Shame as it was a beautiful move.
  • #2,678
  • May 17, 2010 10:01am May 17, 2010 10:01am
Quoting Sutts
I wasn't around Eric but I think I might have skipped this entry due to the bearish inside bar break and bearish momentum that preceded the signal bar.
Perhaps I need to fine tune my momentum sensors though. Shame as it was a beautiful move.
thats exactly what i was thinking....
Never whishing, always trading.
  • #2,679
  • May 17, 2010 10:06am May 17, 2010 10:06am
Quoting Sutts
I wasn't around Eric but I think I might have skipped this entry due to the bearish inside bar break and bearish momentum that preceded the signal bar.
Perhaps I need to fine tune my momentum sensors though. Shame as it was a beautiful move.
Hi Dave,
From my wiev that was perfekt set up go long as PB rejected from support and u can see there is still bulish momentum and if u look at chart u can see Bears were just to weak push price down,PB has nice long nose and close bullish.
Anyway is just my opinion and after action.But if I am in front screen I take it with closely watch any reaction @RN.

Regards
Fx
  • #2,680
  • May 17, 2010 10:13am May 17, 2010 10:13am
My network is down, I have a short entry on GU, could have been +20, now everything suspended
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