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Intraday price action trend trading

  • #3,681
  • Jun 27, 2010 10:50am Jun 27, 2010 10:50am
Horizontal resistance and dtl's ( downtrendlines)


Should get some bearish reaction, pullback, for entry long within uptrend or short if cable has developed a bearish flagpole


http://img4up.com/images/94384801645046487462.gif



Red
  • #3,682
  • Edited 3:39am Jun 28, 2010 3:19am | Edited 3:39am
Worth to post here, that's the way Sho told us sometimes ago.

- 1st short, around 50% retrace upto the sma10, short entry but killed by the sudden upward move (should be the opening of London); - 15

- 2nd short (the upper green), after the rise and drop, similar position, short setup appeared again, went for another short, made it +14

- 3rd short (the lower green), the 2nd short seems good, and the downward force was quite stronge at the moment, went for another short, got +11 and out.

So the conclusion is to let your losing trade passed, no hesitation to go again if there is right setup for you.
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  • #3,683
  • Jun 28, 2010 9:09am Jun 28, 2010 9:09am
If anyone is still on EJ with short (London 1509), better keep your profit 1st, the support zone is approached (109.6 around)
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  • #3,684
  • Jun 28, 2010 3:09pm Jun 28, 2010 3:09pm
HEy Buildcity

Would you mind to share those indicators?? @ right side of your chart??

THanks in Advance!!
  • #3,685
  • Jun 28, 2010 7:57pm Jun 28, 2010 7:57pm
Quoting Jorg
HEy Buildcity

Would you mind to share those indicators?? @ right side of your chart??

THanks in Advance!!
Hi, see this page
http://www.forexfactory.com/showpost...ostcount=13012

If you still got problem, PM me or leave message in my Journal
Cheers
City
  • #3,686
  • Jun 29, 2010 5:15am Jun 29, 2010 5:15am
Quoting Buildcity
Hi, see this page
http://www.forexfactory.com/showpost...ostcount=13012

If you still got problem, PM me or leave message in my Journal
Cheers
City

Thanks a lot
  • #3,687
  • Edited 8:06am Jun 29, 2010 5:22am | Edited 8:06am
I'm not going to escape these 2 long trades until my 2 TPs are hit!!

Update: 2 with 30 + didnt take, +2 BE out
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  • #3,688
  • Jun 29, 2010 5:35am Jun 29, 2010 5:35am
Quoting redsword11
Keeping a focused eye on this, dollar might come back strong in coming weeks, gap might get visited from this defined support


Something to deffinatley watch in the coming week(s) if this support holds, if this support breaks .. ..


http://img4up.com/images/29933123100986039968.gif



Points to note, EU at spooky 1.24000 and swissy double bottom on 4hr and dx at this support, random? I think not


Kind regards



Red



As suggested by the defined support, reflected well in the market


http://img4up.com/images/47595902564904090405.gif



Regards


Red
  • #3,689
  • Jun 29, 2010 8:24am Jun 29, 2010 8:24am
Any one wants to take a long from this
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  • #3,690
  • Jun 29, 2010 8:42am Jun 29, 2010 8:42am
http://img4up.com/images/47320472674400646677.gif


Leaving it to resolve



Red
  • #3,691
  • Jun 29, 2010 9:58am Jun 29, 2010 9:58am
http://img4up.com/images/07698731085266524458.gif



Red
  • #3,692
  • Jun 29, 2010 11:22am Jun 29, 2010 11:22am
Wait and see what's next
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  • #3,693
  • Edited 7:55pm Jun 29, 2010 11:28am | Edited 7:55pm
Pay attention
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  • #3,694
  • Jun 30, 2010 5:18am Jun 30, 2010 5:18am
As suggested by prices, the dollar weakened ( DX PULLBACK ) and now it may strengthen during intra session


http://img4up.com/images/27282314449371045170.gif


Also euro index at supply zone


http://img4up.com/images/01420883028226340809.gif



Regards


Red
  • #3,695
  • Jun 30, 2010 5:27am Jun 30, 2010 5:27am
Defined range, will be waiting for short at top of range if prices react


http://img4up.com/images/29176375059064119863.gif



Red
  • #3,696
  • Jun 30, 2010 5:47am Jun 30, 2010 5:47am
I usually trade usdnok when DX is at levels of interest, l have a post about it, really works well, crazy spread but that pair can change your account if you catch it when dx is at clear defined levels


And thank you for your kind comments


Regards


Red
  • #3,697
  • Jun 30, 2010 7:35am Jun 30, 2010 7:35am
Quoting redsword11
http://img4up.com/images/07698731085266524458.gif



Red


DTL held, right shoulder capped and formed, broke its neck


http://www.img4up.com/images/56804514148591893806.gif




Red
  • #3,698
  • Jun 30, 2010 7:39am Jun 30, 2010 7:39am
Good spot

Quoting redsword11
DTL held, right shoulder capped and formed, broke its neck


http://www.img4up.com/images/56804514148591893806.gif




Red
  • #3,699
  • Jun 30, 2010 8:22am Jun 30, 2010 8:22am
DX @ intra supply and dtl

http://img4up.com/images/62628238423845997936.gif


EU tagged uptl and price support on left, stop under DP


http://img4up.com/images/24966049167638855795.gif


TG above pullback, to next supply zone



Red
  • #3,700
  • Jun 30, 2010 9:48am Jun 30, 2010 9:48am
HI, sho and all my friend, today my trading pic

it's right sho my entry ?
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