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Intraday price action trend trading

  • #3,021
  • Edited 2:01am May 25, 2010 1:56am | Edited 2:01am
i'm in, are you rob?
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its struggling

dont know wether to be a thief or let it go?
Stop killing our Oceans, Stop using single use plastics.
  • #3,022
  • May 25, 2010 2:06am May 25, 2010 2:06am
Quoting jakdan
i'm in, are you rob?
Attachment
its struggling
Yes I'm in.
UK GDP out in 1.5hrs so we might not see a lot of movement for now.
London traders are also still buying their Starbucks as it's just 8am there.
European traders on CET had a day off yesterday.

Take care with news and let's see what happens when the market wakes up.

In Sho's 6th post on FF he wrote; "i dont trade asian sesion.i only trade 9:30 am to 17:00 london time"
  • #3,023
  • May 25, 2010 2:18am May 25, 2010 2:18am
Quoting jakdan
i'm in, are you rob?
Attachment
its struggling

dont know wether to be a thief or let it go?
so close to my stopi hope that center line holds
Stop killing our Oceans, Stop using single use plastics.
  • #3,024
  • May 25, 2010 2:31am May 25, 2010 2:31am
Quoting jakdan
so close to my stopi hope that center line holds
STOP @ B/E, lets go for a ride,(hopefully)
Stop killing our Oceans, Stop using single use plastics.
  • #3,025
  • May 25, 2010 2:34am May 25, 2010 2:34am
uj
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  • #3,026
  • May 25, 2010 2:34am May 25, 2010 2:34am
^ ej woulda been way nicer,lol
  • #3,027
  • May 25, 2010 2:37am May 25, 2010 2:37am
Quoting priceaction
Watch Cable.
Trendline broken to the downside & an OB with the downward trend.
Then a long way down to that historic area of support we saw on the charts last week. See Sho's old charts.

Nothing is certain (nothing) but we've been given a 15 min trigger. The question is now, how much will the market offer us?

Rob
thanks rob
Stop killing our Oceans, Stop using single use plastics.
  • #3,028
  • May 25, 2010 2:46am May 25, 2010 2:46am
Jakdan / Rob,

For GU, you know what, 2 hrs before (around 0700 london), I'm ready to long as the price was consolidated but didn't go coz no signal so far. But now it is 50p down. So lucky I was and see what will happen in 1 hr later (news on GDP).

Keep on guys, back to work now.

City

Quoting jakdan
thanks rob
  • #3,029
  • May 25, 2010 2:47am May 25, 2010 2:47am
Quoting jakdan
thanks rob
Seems like those London traders had some extra shots in their Lattes!
  • #3,030
  • May 25, 2010 2:50am May 25, 2010 2:50am
Quoting priceaction
Seems like those London traders had some extra shots in their Lattes!
took 40p, getting to close? dont want to give daily target away, going to have a americano with 2 extra shots, back in a bit
Stop killing our Oceans, Stop using single use plastics.
  • #3,031
  • May 25, 2010 3:07am May 25, 2010 3:07am
Quoting Buildcity
Jakdan / Rob,

For GU, you know what, 2 hrs before (around 0700 london), I'm ready to long as the price was consolidated but didn't go coz no signal so far. But now it is 50p down. So lucky I was and see what will happen in 1 hr later (news on GDP).

Keep on guys, back to work now.

City
We just never know Eric. Well done for keeping out of the long. I actually took a long and got stopped out. Then I went short and hey presto.

As Mark Douglas writes;

"Although few would admit it, the truth is that the typical trader wants to be right on every single trade. He is desperately trying to create certainty where it does not exist. The irony is that if he completely accepted the fact that certainty doesn't exist, he would create the certainty he craves. He would be absolutely certain that certainty doesn't exist.

When you achieve complete acceptance of the uncertainty of each edge and the uniqueness of each moment, your frustration with trading will end".

Every time I read his book, I improve my beliefs. I have just been to Vienna and back by train so had many hours to read it again.

Rob
  • #3,032
  • May 25, 2010 5:19am May 25, 2010 5:19am
When EJ stop slidding. I have a lot of pips on shorting it.
  • #3,033
  • May 25, 2010 5:23am May 25, 2010 5:23am
All you have to do was to close your eyes and jump in short from early morning.
  • #3,034
  • May 25, 2010 5:55am May 25, 2010 5:55am
Is that worst in Euro???

Should be EJ H4
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  • #3,035
  • May 25, 2010 6:00am May 25, 2010 6:00am
Keep an eye too, it just broke the downtrend from last night.

Anyway, it was almost the forth time to touch the bottom support zone of 1.423
  • #3,036
  • May 25, 2010 6:25am May 25, 2010 6:25am
After the broken of down trend and small retrace, long order for 17 on the last blue bar
Attached Image
  • #3,037
  • May 25, 2010 6:44am May 25, 2010 6:44am
You know what, my broker didnt let me out when both with +10,

"The sever is busy, later on to post the pics, still struggling with both
  • #3,038
  • May 25, 2010 6:54am May 25, 2010 6:54am
Quoting Buildcity
You know what, my broker didnt let me out when both with +10,

"The sever is busy, later on to post the pics, still struggling with both
Finally out after restart the MT4

EJ - good support from r/n, put a small sl to trade, so risky, no follow, not Sho's rule;

GU - replay the up force, 2nd time to retrace then jump in.
Attached Images
  • #3,039
  • May 25, 2010 7:07am May 25, 2010 7:07am
If you guys are playing GU, watch out the resistance 1.434~1.435

For EJ watch out 109.5 (yesterday low)
  • #3,040
  • May 25, 2010 7:33am May 25, 2010 7:33am
Quoting Buildcity
If you guys are playing GU, watch out the resistance 1.434~1.435

For EJ watch out 109.5 (yesterday low)
GU, really big force to push the price up, thief 11 then sharp cut at 1.435;
EJ, rebound from trendline down, caught 8 (short) end at 109.5, no follow;

Enough for today (70+), back to home now.

Happy trading
City
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