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Intraday price action trend trading

  • #3,401
  • Jun 7, 2010 5:58am Jun 7, 2010 5:58am
Quoting Buildcity
Matlobien,

Thanks for the nice words, I'm just doing what I can do for the thread.
To Matlobien and all,

While there is no much opp to trade (don't go for long on EJ & GU at the moment, otherwise we are chasing the market, my view as at 11:49 London)

one more post, the last weekend I've reviewed all my trades in this thread and found quite a lot of risky trades, I was lucky enough to make most of them in positive at last. What I want to share is this thread has become my trading record which is pretty good for revision from time to time. I really trust we can improve further what kind of setup is worked for us and which doesn't. So keep on posting your trades, no matter it is good or not, even there is no comment from the others, we can still learn the mistake from ourselve.

For sharing.

Cheers
City
  • #3,402
  • Jun 7, 2010 6:54am Jun 7, 2010 6:54am
I think wave 4 is over. if 5 fails next target 2
Attached Image (click to enlarge)
Click to Enlarge Name: gu_today8.gif Size: 29 KB
  • #3,403
  • Jun 7, 2010 7:17am Jun 7, 2010 7:17am
I'm keeping one eye on this intraday target for my GBPUSD long (where it says "Previous S&R Zone") - and the other eye on 15 min price action

We've just been shown another low risk opportunity to go long on the 15 min chart using Sho's method.

Rob
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU 7 Juneb.jpg Size: 167 KB
Click to Enlarge Name: GU 15 Min.jpg Size: 100 KB
  • #3,404
  • Jun 7, 2010 7:21am Jun 7, 2010 7:21am
Quoting priceaction
I'm keeping one eye on this intraday target for my GBPUSD long (where it says "Previous S&R Zone") - and the other eye on 15 min price action

We've just been shown another low risk opportunity to go long on the 15 min chart using Sho's method.

Rob
Yes, perfect sho's setup
  • #3,405
  • Jun 7, 2010 7:22am Jun 7, 2010 7:22am
Thanks Priceaction

I took +20.
well done.
  • #3,406
  • Edited 7:31am Jun 7, 2010 7:28am | Edited 7:31am
Quoting priceaction
I'm keeping one eye on this intraday target for my GBPUSD long (where it says "Previous S&R Zone") - and the other eye on 15 min price action

We've just been shown another low risk opportunity to go long on the 15 min chart using Sho's method.

Rob
Hi Rob,

Watch out the DT, may be its time to take 1/2 your profit
  • #3,407
  • Jun 7, 2010 8:30am Jun 7, 2010 8:30am
both pairs are really hard to trade now.......(london 1429)
  • #3,408
  • Jun 7, 2010 8:38am Jun 7, 2010 8:38am
Quoting Buildcity
both pairs are really hard to trade now.......(london 1429)
eg had 2 great opportunities/set ups, but missed them both due to holiday blues
Stop killing our Oceans, Stop using single use plastics.
  • #3,409
  • Jun 7, 2010 8:39am Jun 7, 2010 8:39am
Secured 1st 15, 2nd moved to BE
Attached Image
  • #3,410
  • Jun 7, 2010 8:41am Jun 7, 2010 8:41am
Quoting Buildcity
Secured 1st 15, 2nd moved to BE
enjoy the ride eric
Stop killing our Oceans, Stop using single use plastics.
  • #3,411
  • Jun 7, 2010 8:44am Jun 7, 2010 8:44am
Quoting jakdan
enjoy the ride eric
You should sit side by side with me to hold my hands

Closed 2nd with 15
Attached Image
  • #3,412
  • Jun 7, 2010 9:18am Jun 7, 2010 9:18am
Alright guys, really full today.

Must go home now

Happy trading

PS - Rob is right, now GU should wait for retracement and long again.
EJ - bullish
  • #3,413
  • Edited 10:58am Jun 7, 2010 10:52am | Edited 10:58am
Hi Rob,

What do you think now, pls take the lead
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-06-07_2355.png Size: 27 KB
  • #3,414
  • Jun 7, 2010 11:12am Jun 7, 2010 11:12am
Out of this thread,

Anyone know is there any way to make the bar display more thicker like the chart below (even zoom in one more level or more in MT4)?
Attached Image
  • #3,415
  • Jun 7, 2010 11:19am Jun 7, 2010 11:19am
Quoting Buildcity
Hi Rob,

What do you think now, pls take the lead
Well Eric, after the 4hr pin (on my chart) and the strong bullish 4hr bar that followed, I still tend to expect more upside, but it's been a bit messy, as we've all seen.

Your 4hr and my 4hr, close at different times so you and I see different 4hr pictures and I hadn't seen the pin that you have.

We've just had a bullish OB and an IB broken to the upside on 15 min so it still looks like we have some more upward ground to gain, but how much remains to be seen. It's a bit late in the day now too (for my liking).

Rob
  • #3,416
  • Jun 7, 2010 12:37pm Jun 7, 2010 12:37pm
Quoting priceaction
Cable made a strong move down on Friday and the week closed with a perfect weekly pin in the direction of the trend.

Will it continue down or reverse at the current level of support?

Good luck on Monday guys.

Rob
Something to keep in mind for tomorrow ...
Today we saw almost a 50% retrace up the weekly pin.
(Yesterday's chart below)

Trade safe
Rob
Attached Image (click to enlarge)
Click to Enlarge Name: wkly pin.jpg Size: 105 KB
  • #3,417
  • Jun 8, 2010 12:42am Jun 8, 2010 12:42am
Quoting Buildcity
To Matlobien and all,

While there is no much opp to trade (don't go for long on EJ & GU at the moment, otherwise we are chasing the market, my view as at 11:49 London)

one more post, the last weekend I've reviewed all my trades in this thread and found quite a lot of risky trades, I was lucky enough to make most of them in positive at last. What I want to share is this thread has become my trading record which is pretty good for revision from time to time. I really trust we can improve further what kind of setup is worked for us and which...
Don't worry mate. I only take the trades I understand.

If I do not see it, I don't trade.

Still we learn from one another because of positive feedback.

Keep moving.

  • #3,418
  • Jun 8, 2010 12:44am Jun 8, 2010 12:44am
Quoting Buildcity
Secured 1st 15, 2nd moved to BE
This is the setups I like.

  • #3,419
  • Jun 8, 2010 1:01am Jun 8, 2010 1:01am
Quoting matlobien
This is the setups I like.

Tks mate,

Currently I limit my entry on counter trend trade is double top / bottom or well formed 123 formation. Still risky but better than without any confirmation (my bad habit to guess the top and bottom). Hopefuly this approach can minimise my risky trade.

Sho's method is definitely the best way with lowest risk (and minimal sl) on trend riding.

Keep going!!

City
  • #3,420
  • Jun 8, 2010 2:52am Jun 8, 2010 2:52am
tried this one,
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 36 KB

not looking good now
EDIT: STOPPED OUT
Stop killing our Oceans, Stop using single use plastics.
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