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DanUK's Intraday Experiment

  • #61
  • Jul 6, 2010 3:31pm Jul 6, 2010 3:31pm
Nice journal dance commander dan!
  • #62
  • Jul 6, 2010 3:52pm Jul 6, 2010 3:52pm
today was a classic day where you dont want the median levels on your charts. It even gets messy with all the pivots on there as the calculations were based on the prior days tight range bound day which means everything was squashed and price blew through every pivot. I find these days especially difficult to read and pivots dont really help I find
  • #63
  • Jul 7, 2010 2:55am Jul 7, 2010 2:55am
wow i am in my first trade, pin bar on eurjpy will leet you know how it turns out.
  • #64
  • Jul 7, 2010 3:14am Jul 7, 2010 3:14am
Quoting bez3000
wow i am in my first trade, pin bar on eurjpy will leet you know how it turns out.
Oh well at least i made it to BE, watch it go straight up now
  • #65
  • Jul 7, 2010 4:31am Jul 7, 2010 4:31am
Dan this trade would have been triggered with the white low climax bar? Still learning what to do with the red / yellow / white bars?

My eurjpy trade stopped at BE, any thoughts?
Also did anyone look to take this gbpusd trade?



Quoting DanUK
Hi guys,

No trades for me today.

I did see this one setup that I considered... EU selling climax followed by a move back up... could have been a buy for a very nice profit but I didn't take it because it didn't actually push down into R1 which I would have liked but mainly because it would have been trading straight into R2 and 1.2600 before having a chance to get the trade to BE on a 1:1.

It could have been traded if you moved your stop to BE quicker than normal but I passed anyway! Shame cus it was a cracker when it took off lol!

Regards,...
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  • #66
  • Jul 7, 2010 7:29am Jul 7, 2010 7:29am
Pin bar off daily pivot / round number area
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  • #67
  • Jul 7, 2010 7:39am Jul 7, 2010 7:39am
Hi DanUK & others,

I spotted this thread off the Trend thread. I have seen GBP/USD is a good pivot-S/R-RN mover.

I tried this trade this morning:
9:00 candle was a doji, touched the S-line of 1.5080, returned to test the RN 1.51 and went to the 1.150 level.

any comments? please share.

P
  • #68
  • Jul 7, 2010 9:27am Jul 7, 2010 9:27am
My second trade closed at BE again.
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  • #69
  • Jul 7, 2010 10:04am Jul 7, 2010 10:04am
ok, in future, when candle does not pierce a round number/pivot/sr, and closes just above it, then better to close and take some profit.

ofcourse its very easy for me to give advice when i was not trading today.

both your trades were good today and i would have taken both. there was atleast one more cable trade on your charts that i would have taken.

Quoting bez3000
My second trade closed at BE again.
  • #70
  • Jul 7, 2010 10:13am Jul 7, 2010 10:13am
Quoting coolshades
ok, in future, when candle does not pierce a round number/pivot/sr, and closes just above it, then better to close and take some profit.

ofcourse its very easy for me to give advice when i was not trading today.

both your trades were good today and i would have taken both. there was atleast one more cable trade on your charts that i would have taken.
No i carn't find it, what other trade can you see?
  • #71
  • Jul 7, 2010 10:19am Jul 7, 2010 10:19am
BEOB subsequent to your exiting the pin bar trade!

it was in the right place, above round number.
Quoting bez3000
No i carn't find it, what other trade can you see?
  • #72
  • Jul 8, 2010 7:52am Jul 8, 2010 7:52am
Dan have you been trading?
  • #73
  • Jul 8, 2010 12:55pm Jul 8, 2010 12:55pm
Quoting bez3000
Dan have you been trading?
Hi bez,

Nothing really caught my eye the past couple of days.

I did have a little trade off of a very nice looking pin on EUR/JPY today. It was countertrend so I decided to be cautious and close the trade at the first trouble zone - which was the confluence of R2 and the 112 psych level.

Didn't get the normal return that I look for on this one but sometimes you have to do the logical thing and bank! It did however turn a profit; just shy of 3%.

Regards,

Dan
Attached Image (click to enlarge)
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  • #74
  • Jul 9, 2010 11:36am Jul 9, 2010 11:36am
today was an opportunity for zillions of pips to be made on intraday. i took just one trade on eurjpy, the bullish pb of the morning, had to close that early because of work..

anyway hope fellow commandeers have made more than enough for burgers and beers today.
  • #75
  • Jul 9, 2010 12:10pm Jul 9, 2010 12:10pm
Quoting coolshades
today was an opportunity for zillions of pips to be made on intraday. i took just one trade on eurjpy, the bullish pb of the morning, had to close that early because of work..

anyway hope fellow commandeers have made more than enough for burgers and beers today.
Hi Coolshades,

Don't know about zillions but I did make a few off of EUR/JPY... mine was actually a bearish pin off of 112.50... traded down to 112.061 for 4% gain.

Regards,

Dan
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  • #76
  • Jul 9, 2010 12:12pm Jul 9, 2010 12:12pm
I then took the pin bar that formed off of 112... I was a little uneasy about it - I would have preferred it to close up; but it looked like it was worth a trade... came out at breakeven.
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  • #77
  • Jul 9, 2010 12:36pm Jul 9, 2010 12:36pm
that's the one i took.i had to close earlier than 1:1 as i said earlier.

and pray why didnt you take the subsequent bearish pin? and also the beautiful bearish pin of 2700 on euro?

i think so long as one is disciplined and not get greedy, there is potential to raid Fort Knox off the intraday.


Quoting DanUK
I then took the pin bar that formed off of 112... I was a little uneasy about it - I would have preferred it to close up; but it looked like it was worth a trade... came out at breakeven.
  • #78
  • Jul 9, 2010 1:39pm Jul 9, 2010 1:39pm
Quoting coolshades
that's the one i took.i had to close earlier than 1:1 as i said earlier.

and pray why didnt you take the subsequent bearish pin? and also the beautiful bearish pin of 2700 on euro?

i think so long as one is disciplined and not get greedy, there is potential to raid Fort Knox off the intraday.
Hi Coolshades,

I didn't take the following bearish pin because it was in no mans land! If it had gone up to 112.50 and formed I would have taken it.

I did also want to take that pin on the euro but it closed above 2700 which put me off! As it turned out it would have been a great trade but I prefer to be cautious.

You are right... with the patience/discipline to only trade the best setups - this intraday method does have the potential to make a lot of money. The only problem, and it is a big one, is having the time to do it.

The last two weeks have been pretty lucky for me - I've been able to access my charts pretty much all day every day but there will be plenty of times when I just won't be able to trade. Speaking of lucky, since starting this journal I am up about 23% so far. Not bad for two weeks work I reckon!

Regards,

Dan

PS... Mmmmm burgers and beers!
  • #79
  • Jul 9, 2010 1:49pm Jul 9, 2010 1:49pm
Hey Dan and others, been slowly reading up on VSA and also just generally watching for PA on the 15min GU TF. Today I took the following trades on demo:

1. I saw this as buying climax - high volume with price going into a new high with close near top followed by a bearish bar. took a break fo the low of the bearish bar.

2. Then I took a pin of the daily pivot, closed both trades @ 1.51000.

Would you have seen trade 1 as a buying climax?

All the best
Mark
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  • #80
  • Jul 9, 2010 2:05pm Jul 9, 2010 2:05pm
Hi Mark,

Nice trades

Yes I would have interpreted that as a buying climax and I very nearly traded it but I wasn't too keen on the way the next bar closed... if it had closed lower I would have been in on it too.

Funnily enough I also nearly traded the pin you mentioned also... the only reason I didn't was because it was too close to 1.5150 for my liking!

Good work though! Looks like you are spotting the right sort of thing - it's pretty easy once you get into it!

Regards,

Dan
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