Effective 5M intraday trading | Page 12 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

Is divergence trading an effective approach? 86 replies

the simple but very effective system with trading records! 61 replies

Setting more effective stop loss/trailing stops? 5 replies

An effective stoploss strategy? 7 replies

Attachments: Effective 5M intraday trading
Exit Attachments

Effective 5M intraday trading

  • #221
  • Jun 8, 2010 6:23am Jun 8, 2010 6:23am
My analisys.
1H TF there is the fractal to move up, so this is retracement, after TL broken down, and we must wait 2nd fractal - end of retracement.
5 Min TF retracement 50 EMA, IB.
My target - 1,1880 Fib + KG sup.
Anybody see the same?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur.gif Size: 28 KB
Click to Enlarge Name: eur2.gif Size: 22 KB
  • #222
  • Jun 8, 2010 11:50am Jun 8, 2010 11:50am
Hi all,

do we consider this hidden divergence?

I enter a buy order after the px exceed the inside bar(which happens to coincide with fib levels.)
EMA 20 > EMA 50. sloping upwards. MACD > 0 .

Pls advice.
Attached Image (click to enlarge)
Click to Enlarge Name: Trend and divergence EU 4.jpg Size: 142 KB
  • #223
  • Jun 8, 2010 12:26pm Jun 8, 2010 12:26pm
Hi this is a summary of my trades today.
pls note that the trade at 0840 was not by this method.

however i have identified hidden divergence at 0815.
Pls advice if I have done it wrongly.

thanks

regards,
Des
Attached Image (click to enlarge)
Click to Enlarge Name: Trend and divergence EU 5.jpg Size: 169 KB
  • #224
  • Jun 8, 2010 2:38pm Jun 8, 2010 2:38pm
Hi Snusnufreak

i tried this with AUDUSD, not bad it worked but i have to do more testing. the objective of the game is its simplicity and i'm gona try it with eurusd.

thanks anyway...i'll let u know as i test it more

cheers

sam
  • #225
  • Jun 8, 2010 3:45pm Jun 8, 2010 3:45pm
I never work Asia
Attached Image (click to enlarge)
Click to Enlarge Name: cci-89.jpg Size: 226 KB
  • #226
  • Jun 8, 2010 11:29pm Jun 8, 2010 11:29pm
Quoting Destrader
Hi this is a summary of my trades today.
pls note that the trade at 0840 was not by this method.

however i have identified hidden divergence at 0815.
Pls advice if I have done it wrongly.

thanks

regards,
Des
Des, your trades are all according to the system, except for last one. There are several things to note here.

1. 1H TF reached the retracement target of 1.2005 (see my posts) - EU had little space to go further.
2. Semafor showed good local extremum, and before entering to the upside it would be a good Idea to wait for an extremum at the bottom (represented by the "sun")
3. Not our timing.

Regards,
snu.
  • #227
  • Jun 9, 2010 12:26am Jun 9, 2010 12:26am
EU reached first retracement lvl @ 1.2005 yesterday.
1H looks bearish to me. Any thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 145 KB
  • #228
  • Jun 9, 2010 2:16am Jun 9, 2010 2:16am
Quoting snusnufreak
EU reached first retracement lvl @ 1.2005 yesterday.
1H looks bearish to me. Any thoughts?
Maybe. But at the moment that trendline on 1H is providing a fair amount of support.

In the short term, I think if price breaks above 1.1960, the daily pivot, we'll definitely see a retest of yesterdays high, and on up to R1.

TWT!
Attached Image (click to enlarge)
Click to Enlarge Name: EU_0906_1.jpg Size: 103 KB
  • #229
  • Jun 9, 2010 2:53am Jun 9, 2010 2:53am
I agree with 5min Upside
Attached Image (click to enlarge)
Click to Enlarge Name: cci-89.jpg Size: 233 KB
  • #230
  • Jun 9, 2010 5:01am Jun 9, 2010 5:01am
Smth like this
Attached Image (click to enlarge)
Click to Enlarge Name: eur.jpg Size: 201 KB
  • #231
  • Jun 9, 2010 5:04am Jun 9, 2010 5:04am
Yellow bar on CCI means to me - DRAW TL
Attached Image (click to enlarge)
Click to Enlarge Name: cci-89.jpg Size: 242 KB
  • #232
  • Jun 9, 2010 5:45am Jun 9, 2010 5:45am
Quoting serguey777
Yellow bar on CCI means to me - DRAW TL
Actually entry was around 1.1947. The formation looks like H&S, with A-B-C in right shoulder, according to it target is @ 1.2020 (70% of distance between head and RSH). Unfortunately I missed it.

Regards,
snu.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 156 KB
  • #233
  • Jun 9, 2010 5:55am Jun 9, 2010 5:55am
A-GET TP- 1.200 - Price and Time
Attached File(s)
File Type: xls Книга1.xls   297 KB | 193 downloads
  • #234
  • Jun 9, 2010 6:01am Jun 9, 2010 6:01am
Will America support Upside???
  • #235
  • Jun 9, 2010 6:28am Jun 9, 2010 6:28am
There is nice retracement to Fib + 50 EMA
Hidden divergance.
IB

EP - 1.1968
SL - 1.1948
TP - 1.1995
Attached Image (click to enlarge)
Click to Enlarge Name: eur.jpg Size: 200 KB
  • #236
  • Jun 9, 2010 6:51am Jun 9, 2010 6:51am
Quoting Let
There is nice retracement to Fib + 50 EMA
Hidden divergance.
IB

EP - 1.1968
SL - 1.1948
TP - 1.1995
Same entry, target is 1.2020 now position is @ BE
  • #237
  • Jun 9, 2010 7:05am Jun 9, 2010 7:05am
I moved my TP @ 1.1998
Closed @ TP +30 pp

Quoting Let
There is nice retracement to Fib + 50 EMA
Hidden divergance.
IB

EP - 1.1968
SL - 1.1948
TP - 1.1995
  • #238
  • Jun 9, 2010 7:24am Jun 9, 2010 7:24am
Quoting Let
I moved my TP @ 1.1998
Closed @ TP +30 pp
GJ, I got out with +40 pips!
  • #239
  • Jun 9, 2010 12:40pm Jun 9, 2010 12:40pm
from 50EMA till TL = 50% Fibo
Attached Image (click to enlarge)
Click to Enlarge Name: cci-89.jpg Size: 215 KB
  • #240
  • Jun 9, 2010 2:13pm Jun 9, 2010 2:13pm
Quoting serguey777
from 50EMA till TL = 50% Fibo
Good call Sergey - did you catch the whole move? Bizarre, if you took a mirror and placed it at the daily high, around 7.20pm on a 5M chart, price has completely reversed, almost bar by bar, in an identical way as it rose...
0 traders viewing now