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Intraday price action trend trading

  • #2,781
  • May 19, 2010 12:53am May 19, 2010 12:53am
Quoting matlobien
Thanks.

Keep on posting. I am learning a lot.

Watch me, I am in your rear view mirror.

Tks, post your trades too, we learn together.
  • #2,782
  • May 19, 2010 1:00am May 19, 2010 1:00am
Guys, keep posting here, no matter it is bad or good trade, remember Sho said small sl is the key and trade with momentum.

I finish my lunch break now (with pips), see you all later on.

City

PS - Divergence on GU / double top on EJ at the moment. beware
  • #2,783
  • May 19, 2010 2:19am May 19, 2010 2:19am
Quoting francis2
yes Dave youve got to cut your losses quickly otherwise you need two trades to get back even, you can always get back in again and catch it cos as you say with spread and slippage its not easy getting out realistically with less than 6 pip loss anyway and its so easy to let that 6 become 12/15 then youre on the slippery slope unless youre dead certain of picking winners ,another thing I do is double up on trade after a loser although Im not advising this for everyone its my way of getting back in profit straight away
Thanks francis.
  • #2,784
  • May 19, 2010 2:25am May 19, 2010 2:25am
Does any of you guys have an indicator that displays the pip count on the screen in red and blue ?
  • #2,785
  • May 19, 2010 2:32am May 19, 2010 2:32am
Quoting matlobien
Does any of you guys have an indicator that displays the pip count on the screen in red and blue ?
Check this, for 5 digits

Edit, no red and green , only display +/-
Attached File(s)
File Type: mq4 pipsometer_5_decimal.mq4   5 KB | 358 downloads
  • #2,786
  • May 19, 2010 2:35am May 19, 2010 2:35am
Quoting Buildcity
Check this, for 5 digits
Thanks mate, but I need one for 4 digits.

Sorry, my bad.

  • #2,787
  • May 19, 2010 2:45am May 19, 2010 2:45am
Quoting matlobien
Thanks mate, but I meed one for 4 digits.

Sorry, my bad.

Do a search in FF, I remember that the guy who made this one also has a version for 4 digits.
  • #2,788
  • May 19, 2010 3:26am May 19, 2010 3:26am
Quoting trade price
gu did you noticed where it did reversed.
same lines 4 hour and 15 min chart added
Who kept this supply area (seen in bottom chart) on their charts since it was first pointed out on Monday?

Sho, correct me or clarify, but the market makers continued to distribute their supply so that longs could be filled. MMs waited to make their move until they were satisfied with the distribution and major news had settled yesterday.

A final push up after news to fool the last few longs into the market and then the MMs sold off extensively.

Sho's chart is on the bottom - he painted the picture clearly yesterday.
My chart from today shows what the market offered us.

It wasn't exactly a scalp, but it was a tremendous opportunity to enter this move with a 20 pip SL after a triple top and IB and bank over 200 pips.

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: GU Drop.jpg Size: 194 KB
Attached Image
  • #2,789
  • May 19, 2010 3:51am May 19, 2010 3:51am
GU sell = +12
  • #2,790
  • May 19, 2010 4:08am May 19, 2010 4:08am
EJ -40

yeah i know, SL was 2 big, usually i take everything under 30 and let the others go...but this one screemed at me didn't follow my plan and it wont happen again.

but i think it was a valid Inside bar

so far my hitrate with insidebars is 78%, 14 trades 11 wins 3 losers
Attached Image
Never whishing, always trading.
  • #2,791
  • Edited 4:25am May 19, 2010 4:16am | Edited 4:25am
A pin this morning off a round number

Edit: I'm also watching the 4hr chart on this trade. My current 4hr bar closes in 35 mins and I'm keen to see if a bearish OB forms.
Note that GU has already created a 1yr low today.
Attached Image (click to enlarge)
Click to Enlarge Name: GU pin off BRN.jpg Size: 83 KB
  • #2,792
  • May 19, 2010 4:59am May 19, 2010 4:59am
Today really no much room to thief.

Enter at the last red bar (retrace 50% of previous bar)
Attached Image
  • #2,793
  • May 19, 2010 5:34am May 19, 2010 5:34am
For sharing, the S&R is extended since the early morning

GU M15
Attached Image (click to enlarge)
Click to Enlarge Name: 20100519-1832.jpg Size: 84 KB
  • #2,794
  • May 19, 2010 5:46am May 19, 2010 5:46am
Quoting Hova
EJ -40

yeah i know, SL was 2 big, usually i take everything under 30 and let the others go...but this one screemed at me didn't follow my plan and it wont happen again.

but i think it was a valid Inside bar

so far my hitrate with insidebars is 78%, 14 trades 11 wins 3 losers
Hi Hova,
In my opinion I will not take this big loss because Iam trading to RN,so I will watch closely speed and when price touche RN I move my SL to B/E.This trade was about trading managment.
Only my 2 pips.
FX
  • #2,795
  • May 19, 2010 6:08am May 19, 2010 6:08am
EJ, do you guys notice the day low of the disaster day (several days before), is approaching. Could be a strong support

EJ - H4
Attached Image (click to enlarge)
Click to Enlarge Name: 20100519-1906.jpg Size: 121 KB
  • #2,796
  • May 19, 2010 6:16am May 19, 2010 6:16am
Quoting priceaction
Who kept this supply area (seen in bottom chart) on their charts since it was first pointed out on Monday?

Sho, correct me or clarify, but the market makers continued to distribute their supply so that longs could be filled. MMs waited to make their move until they were satisfied with the distribution and major news had settled yesterday.

A final push up after news to fool the last few longs into the market and then the MMs sold off extensively.

Sho's chart is on the bottom - he painted the picture clearly yesterday.
My chart from today...
afternoon all, hope everyone is making lots of pips.no trading today for me .i am not in my home.typeing from mobile.
To rob -post this post in the main thread so we will discuss bit more about those levels.
  • #2,797
  • Edited 7:18am May 19, 2010 6:56am | Edited 7:18am
(2nd pic) Breakout trade, long EJ just above the upper green, SL below that green support too (pretty small)

PS - after two pins, worth to scaple

Edit: if you are patient enough, a 60 run for this trade
2nd Edit: see what's now (1st pic), 10 times of my little profit = 140p
Attached Images
  • #2,798
  • May 19, 2010 6:59am May 19, 2010 6:59am
Guys, the candles are still struggling at 1.428, since my post below

Quoting Buildcity
For sharing, the S&R is extended since the early morning

GU M15
  • #2,799
  • May 19, 2010 7:46am May 19, 2010 7:46am
Caught 11 only from the rebound of r/n. That's today, enough for a little thief.

See you guys, Back home now.

Happy trading.
City

PS - it is a 100 run during my typing
Attached Image
  • #2,800
  • May 19, 2010 8:21am May 19, 2010 8:21am
Quoting Buildcity
(2nd pic) Breakout trade, long EJ just above the upper green, SL below that green support too (pretty small)

PS - after two pins, worth to scaple

Edit: if you are patient enough, a 60 run for this trade
2nd Edit: see what's now (1st pic), 10 times of my little profit = 140p
Great trading mate.

I also went for the long here buy my connection failed.

Well, tomorrow is another day.

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