Attachments: Intraday price action trend trading

Intraday price action trend trading

#3,461
Jun 8, 2010 11:49pm Jun 8, 2010 11:49pm

newbie_fx
| Joined May 2010 | Status: Trader | 80 Posts

if that level breaks next area is 8144.
It is also wave 5 in the making but some times 5 fails so it can get to 2 aswell. just another theory.

#3,462
Jun 9, 2010 12:49am Jun 9, 2010 12:49am

matlobien
Joined May 2009 | Status: Faith will move a mountain | 857 Posts

Quoting Hova

Disliked

not for me, did a "little" overtrading bad week so far, too many trades to post them here^^
think i lost direction a little bit...however, im going to find my way back !

Ignored

Hold on friend.

We will all hold hands and get there together.

You are not alone in this.

Have faith in yourself and your trading and off course patience.

#3,463
Jun 9, 2010 1:30am Jun 9, 2010 1:30am

Buildcity
Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts

Still too quick to leave, anywat a risky play.

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#3,464
Jun 9, 2010 1:42am Jun 9, 2010 1:42am

Sim
Joined Jun 2009 | Status: Trader | 2,000 Posts

eric bro gonna post this just in case i can help

i looked at possible exits first, got a jist of the most likely place it will go, and was 30 or so pips away..

entry-wise perhaps it doesn't matter what we took

#3,465
Jun 9, 2010 1:45am Jun 9, 2010 1:45am

Sim
Joined Jun 2009 | Status: Trader | 2,000 Posts

pic would probably help.. so check that zone of supply?? which sho would call it?

so from there i know we'd get at least 50% there, enough to cover BE.. and this is what has been upping my win rate, reducing number of trades, and getting better risk:rewards,, wonder if sho would agree this is his style conservative

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#3,466
Jun 9, 2010 2:23am Jun 9, 2010 2:23am

xeqter
| Joined Nov 2009 | Status: InnocentBystander | 131 Posts

would we concider this setup as a typical sho setup ? to me the market looks to be sideways.. so i didn't take it..

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#3,467
Jun 9, 2010 3:01am Jun 9, 2010 3:01am

MJurban
Joined Apr 2006 | Status: Trader | 953 Posts

i took this long, i was to late this morning and wanted to be in the game, not a good motive to trade?
-7 pips at least the entry and exit was OK by the rules

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#3,468
Jun 9, 2010 5:15am Jun 9, 2010 5:15am

priceaction
| Commercial User | Joined Nov 2007 | 1,079 Posts

Quoting xeqter

Disliked

would we concider this setup as a typical sho setup ? to me the market looks to be sideways.. so i didn't take it..

Ignored

Xeqter,
I would. And it offered some nice profits too.
Although there was an area of resistance just above so I didn't take it.

Rob

#3,469
Jun 9, 2010 5:43am Jun 9, 2010 5:43am

MJurban
Joined Apr 2006 | Status: Trader | 953 Posts

i got a new broker, DBFX - testing the chartsoftware and the order panel

. No keltner channel with the charts, at least i have not found it by now

this was a long from support line with very little stoploss risk
as you can see, 30,7 pips profit. not bad i think

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#3,470
Jun 9, 2010 5:46am Jun 9, 2010 5:46am

Buildcity
Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts

Quoting MJurban

Disliked

i got a new broker, DBFX - testing the chartsoftware and the order panel

. No keltner channel with the charts, at least i have not found it by now

this was a long from support line with very little stoploss risk
as you can see, 30,7 pips profit. not bad i think

Ignored

#3,471
Jun 9, 2010 5:51am Jun 9, 2010 5:51am

Buildcity
Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts

Quoting MJurban

Disliked

i got a new broker, DBFX - testing the chartsoftware and the order panel

. No keltner channel with the charts, at least i have not found it by now

this was a long from support line with very little stoploss risk
as you can see, 30,7 pips profit. not bad i think

Ignored

Hi MJ,

I got problem with Onada, may be it is web base that it cant serve my quick in and out method. So your DBFX is web base or local software? How about the spread on EJ & GU in real a/c?

Your advice would be nice.
City

#3,472
Jun 9, 2010 5:55am Jun 9, 2010 5:55am

MJurban
Joined Apr 2006 | Status: Trader | 953 Posts

Quoting Buildcity

Disliked

Ignored

thank you
this new broker should be very stable even in heavy news transfer they said they would garahtie the spread. i have to find out about slippage and reqoutes. With oanda i have very very smal slippage , but big spread if it comes to news time. The spread can take your stoploss in less than a second even if the regular price was not reaching your stoploss

see you all us session

#3,473
Jun 9, 2010 6:04am Jun 9, 2010 6:04am

Buildcity
Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts

Quoting Sim

Disliked

eric bro gonna post this just in case i can help

i looked at possible exits first, got a jist of the most likely place it will go, and was 30 or so pips away..

entry-wise perhaps it doesn't matter what we took

Ignored

Sim,

You really inspired me. Yes, I did put my whole focus on the entry point without much thinking on how far the price will go in my direction. So I should invest more times on your suggestion. Of course I wont change my current way as it still serve me a good entry most of the time.

Thks bro.

City

#3,474
Jun 9, 2010 6:46am Jun 9, 2010 6:46am