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Intraday price action trend trading

  • #3,241
  • May 28, 2010 8:08am May 28, 2010 8:08am
ej +50 itll probably go to 111.50 and fill that gap up on the H1
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  • #3,242
  • May 28, 2010 8:08am May 28, 2010 8:08am
Quoting francis2
Confuses me a little Im afraid Rob supply area versus momentum which one wins
Hi Francis, I don't think that is something we will ever know for sure until it has happened. Although of course we can learn more from Sho, to improve probabilities.

We had big momentum this morning and price reversed on a pin at support.
We had similar momentum now and the pin failed at support.

It doesn't matter though. 15 pip loss (again!) The wins were far better however (which is what matters).

That's it for this week for me guys. Have a great weekend.

Rob
  • #3,243
  • May 28, 2010 8:12am May 28, 2010 8:12am
Quoting priceaction
Hi Francis, I don't think that is something we will ever know for sure until it has happened. Although of course we can learn more from Sho, to improve probabilities.

We had big momentum this morning and price reversed on a pin at support.
We had similar momentum now and the pin failed at support.

It doesn't matter though. 15 pip loss (again!) The wins were far better however (which is what matters).

That's it for this week for me guys. Have a great weekend.

Rob
Cheers Rob and well done
Same to you for the weekend also

PS I seem to remember now Sho saying Momentum beats everything
  • #3,244
  • May 28, 2010 8:16am May 28, 2010 8:16am
Have a nice weekend Rob, Francis and all
  • #3,245
  • May 28, 2010 8:17am May 28, 2010 8:17am
ej at 50% retrace level
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  • #3,246
  • May 28, 2010 8:21am May 28, 2010 8:21am
Quoting Buildcity
My biggest win and biggest loss today!!

I entered again right below 113, (the top 2 blue & red's combination was pin down!!), then force myself to play longer time, TP this time was set too aggressive at 112, the price almost hit the TP then rebound too quick, just thought it would down again but never come. Plus my children asked me to teach their home works then.

Get out with +50, but the loss was almost the same.

Don't leave your trade again.
I know what you mean once a scalper its verey hard to let trades run especially when watching the screen as the pips disappear
  • #3,247
  • May 28, 2010 8:25am May 28, 2010 8:25am
gold would have been nice
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  • #3,248
  • May 28, 2010 8:32am May 28, 2010 8:32am
Quoting francis2
I know what you mean once a scalper its verey hard to let trades run especially when watching the screen as the pips disappear
Yes, Francis, I rather play on my own scalper way. Feel much better even with small profit. Tks
  • #3,249
  • May 28, 2010 8:33am May 28, 2010 8:33am
Quoting francis2
Cheers Rob and well done
Same to you for the weekend also

PS I seem to remember now Sho saying Momentum beats everything
have you forgotten?momentum exeeds everything.
so now i think all of you have a better idea what is momentum.

yes that was a try to go long for huge run,and short term short play.
will show all in zone attack.thats advance.its definitly not for faint heart people.maximum 2 pair in a session.lot of concentration otherwise account will be empty in one day.
  • #3,250
  • May 28, 2010 8:36am May 28, 2010 8:36am
gbp now at 50% level
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  • #3,251
  • May 28, 2010 8:39am May 28, 2010 8:39am
Quoting trade price
have you forgotten?momentum exeeds everything.
so now i think all of you have a better idea what is momentum.

yes that was a try to go long for huge run,and short term short play.
will show all in zone attack.thats advance.its definitly not for faint heart people.maximum 2 pair in a session.lot of concentration otherwise account will be empty in one day.
Thatll suit me I can empty my account pretty quickly at times
  • #3,252
  • May 28, 2010 8:42am May 28, 2010 8:42am
I was hoping for abit more from ftse100 looking doubtful now
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  • #3,253
  • May 28, 2010 8:46am May 28, 2010 8:46am
Quoting priceaction
I was keen to get in on the right side of a potential GU break out this morning.

I bought off this 15 min pin.
15 pip risk. Unknown, but potentially good profit.

If it works out it will be good.
If it doesn't, I'll incur a business overhead.

Just like the lorry driver transporting goods today. He will pay for fuel etc and he might even get a puncture or a breakdown. But that's the cost of doing business.

Good luck today!

Rob
Thats two people on this thread that speak in parables
  • #3,254
  • May 28, 2010 8:55am May 28, 2010 8:55am
ej +40 pin made higher low after retest and took break long
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  • #3,255
  • May 28, 2010 9:22am May 28, 2010 9:22am
Quoting trade price
have you forgotten?momentum exeeds everything.
so now i think all of you have a better idea what is momentum.

yes that was a try to go long for huge run,and short term short play.
will show all in zone attack.thats advance.its definitly not for faint heart people.maximum 2 pair in a session.lot of concentration otherwise account will be empty in one day.
first arrow had momentum aswell
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  • #3,256
  • May 28, 2010 10:23am May 28, 2010 10:23am
Quoting francis2
I was hoping for abit more from ftse100 looking doubtful now
it did fill that gap up on H1 in the end
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  • #3,257
  • May 30, 2010 9:50pm May 30, 2010 9:50pm
Before messing around by the Asia guys like me, today is the bank holiday of UK & US, so enjoy a holiday with your family and no trading today.

City
  • #3,258
  • May 30, 2010 10:52pm May 30, 2010 10:52pm
Quoting Buildcity
Before messing around by the Asia guys like me, today is the bank holiday of UK & US, so enjoy a holiday with your family and no trading today.

City
Thanks for that info.

Last time when bank holidays I lost badly.

  • #3,259
  • May 31, 2010 3:13am May 31, 2010 3:13am
Quoting matlobien
Thanks for that info.

Last time when bank holidays I lost badly.

for sure not a good day to trade... thin market!

be good and be safe!

regards,
dongsky
Success consists of going from failure to failure without loss of enthusiam
  • #3,260
  • May 31, 2010 4:24am May 31, 2010 4:24am
Any casualty from May 6th? I heard rumours that many traders were wiped out... is it true?
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