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Effective 5M intraday trading

  • #161
  • Jun 3, 2010 8:24am Jun 3, 2010 8:24am
Quoting bbolss
@snusnufreak
did you thought about creating some chat room for example? or skype chat conference? we can see how it will go?
This sounds like a nice idea. I will give it a thought over the weekend to see how to work it out.
  • #162
  • Jun 3, 2010 8:27am Jun 3, 2010 8:27am
i was looking for some chatroom service that can be free and usefoul
check this

http://spikeria.pl/room/bbolss

enter user name no need to register
the pass is "div"
without " " off course ;p
i must go now to my girl but we can try tommorow :>
  • #163
  • Jun 4, 2010 12:05am Jun 4, 2010 12:05am
Let's start working!

Higher TF looks like we're approaching bottom.
Attached Image (click to enlarge)
Click to Enlarge Name: eu - 1 .gif Size: 28 KB
  • #164
  • Jun 4, 2010 12:18am Jun 4, 2010 12:18am
qq Snu!
The same view


Quoting snusnufreak
Let's start working!

Higher TF looks like we're approaching bottom.
  • #165
  • Jun 4, 2010 12:27am Jun 4, 2010 12:27am
Hey, thanks for that, very interesting! Yup, I'll try to drop by as much as I can.

I think we're going to see a quiet morning until the news this afternoon hopefully gives us some direction. Should be an interesting afternoon's trading!

Andy


Quoting snusnufreak
Andy, I'm glad you find this system useful! I'll be glad if you join in and start participating.

I know that 9 EMA is widely used both on Stock markets and Forex. As the matter of fact here's another picture showing the application of so-called "MA-TRIO" - it describes how people use 10, 20 and 50 period EMA in conjunction with each other to find trends.

Hope it helps!

Regards,

snu.

Update: Attached is the indicator wich shows you an arrow when all 3 EMA's cross.
  • #166
  • Jun 4, 2010 12:47am Jun 4, 2010 12:47am
While the market is still quiet, I thought I'd post a chart of yesterday morning's 'failed breakout'.

As I saw it, it would have been quite a risky trade to take. Price was very 'sticky' around the 62ema, which created additional confluence with the TL, and was reluctant to close below this level.

The main driver for me passing on this trade, however, was that the R1 pivot was just 5-10 pips below the trendline. Personally, I like to take breakouts like this where there is a good 20-30 pips 'free run' before any potential S/R, or a round number.

Just my 2 cents.
Attached Image (click to enlarge)
Click to Enlarge Name: EU_0306_2.jpg Size: 105 KB
  • #167
  • Jun 4, 2010 6:48am Jun 4, 2010 6:48am
Nice falling down)
But I can't enter anywhere...((
  • #168
  • Jun 4, 2010 6:59am Jun 4, 2010 6:59am
Well I entered on 1.2200 but closed @ BE manually cos was hesitating, now I'm very very frustrated!
  • #169
  • Jun 4, 2010 7:19am Jun 4, 2010 7:19am
I'm doing smth like u)
I understand u Snu.


Quoting snusnufreak
Well I entered on 1.2200 but closed @ BE manually cos was hesitating, now I'm very very frustrated!
  • #170
  • Jun 4, 2010 7:46am Jun 4, 2010 7:46am
Is there anybody who see the same?
Or everyone stop ur trading today?
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 19 KB
  • #171
  • Jun 4, 2010 8:04am Jun 4, 2010 8:04am
i see
but i dont belive :]
now enything can happend ! tooday ONLY trade what you see not what you expect !
  • #172
  • Jun 4, 2010 8:11am Jun 4, 2010 8:11am
Hey bbloss))
I'll wait the HS model, cross ur fingers 4 me like the day before, it helped me


Quoting bbolss
i see
but i dont belive :]
now enything can happend ! tooday ONLY trade what you see not what you expect !
  • #173
  • Jun 4, 2010 8:16am Jun 4, 2010 8:16am
yep no problem due
  • #174
  • Jun 4, 2010 8:22am Jun 4, 2010 8:22am
bbolss, what about the chat room? I was there today the whole morning but noone showed up.
  • #175
  • Jun 4, 2010 8:28am Jun 4, 2010 8:28am
tooday its a bad day to trade - in day like tooday we canot belive in technical analys !
i stay off tooday just watch so i was not in chat room
i think that monday will be good day to start STRONG with chat room and grabb some pepoul there
  • #176
  • Edited 8:52am Jun 4, 2010 8:41am | Edited 8:52am
Quoting bbolss
tooday its a bad day to trade - in day like tooday we canot belive in technical analys !
i stay off tooday just watch so i was not in chat room
i think that monday will be good day to start STRONG with chat room and grabb some pepoul there
Ok! i'm hoping this goes well and won't distract anyone from the market! See you there on monday then!

BTW, why today is a bad day? there were nice, almost textbook, setups to the downside.

Regards,
snu
  • #177
  • Jun 4, 2010 10:01am Jun 4, 2010 10:01am
EUR have to break 2-nd TL, then re-test - and it'll be my entry....
Attached Image (click to enlarge)
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  • #178
  • Edited Jun 5, 2010 2:47am Jun 4, 2010 10:03am | Edited Jun 5, 2010 2:47am
yes it was
but it was inpredictible
see 1d charts
there was 3rd bottom forming
almoust everyoune thought that it will hold and bounde a litle with no big trend

but it breaked ;] i dont wanna risk - to be ohnest i was still trading demo - yesturday i started real
and im starting from 100$ with 0.1 lots so dont wanna rysk in day like tooday
regards and have nice weekend!
  • #179
  • Jun 6, 2010 11:02pm Jun 6, 2010 11:02pm
good morning everyone !;D

so today we will try to this chat room work
anobody who is trading this method or something at least semilar is welcome !

http://spikeria.pl/room/bbolss/
just enter some nick no need to register
the pass is "div" without ""
see ya there!
  • #180
  • Jun 6, 2010 11:53pm Jun 6, 2010 11:53pm
Good morning all!

EU looks like H&S is forming.

My order is in place:

EP: 1.1919
SL: 1.1899
TP: 1.2000

Pic is attached.

Regards,
snu
Attached Image (click to enlarge)
Click to Enlarge Name: eu - 1 .gif Size: 33 KB
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