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Intraday price action trend trading

  • #3,881
  • Jul 7, 2010 10:28am Jul 7, 2010 10:28am
Quoting steroidman
Looks like a meaningful thread.
READ THE MAIN THREAD THROUGH AGAIN AND AGAIN, AND YOU WILL MAKE THE PIPS
WELCOME STEROIDMAN
Stop killing our Oceans, Stop using single use plastics.
  • #3,882
  • Jul 7, 2010 10:40am Jul 7, 2010 10:40am
Quoting priceaction
Eric thanks.

But I have a long long long way to go before I could be worthy of 'amazing'.
(although my Mrs can call me that if she wants)

But yes this was a beautiful trade today.
SL now at 1.5194 and as we can see price is stalling.

Let's see what the market does next.

Rob
I'm out at 1.5194
  • #3,883
  • Jul 7, 2010 10:42am Jul 7, 2010 10:42am
long loony, stop below 1.05000


Red
  • #3,884
  • Jul 7, 2010 10:47am Jul 7, 2010 10:47am
Quoting priceaction
I'm out at 1.5194
... and back in with a short
  • #3,885
  • Jul 7, 2010 10:55am Jul 7, 2010 10:55am
I am looking at that wedge on the US/JPY with my mouth watering. Looking to play that action at some point.
  • #3,886
  • Jul 7, 2010 9:29pm Jul 7, 2010 9:29pm
Hi Sho & City

Are the arrows shown meant the "momentum" (downward as shown)?
Pls. bear with me I am trying to grasp/learn your fundamental or basis.
Thank you for your time.

TPat
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: q on momemtum ucad.gif Size: 35 KB
  • #3,887
  • Jul 7, 2010 10:49pm Jul 7, 2010 10:49pm
US/JPY hope someone else is enjoying this. Lotta accumulation so I expect and demand 2000 pips.
  • #3,888
  • Jul 8, 2010 12:38am Jul 8, 2010 12:38am
Quoting tradpat
Hi Sho & City

Are the arrows shown meant the "momentum" (downward as shown)?
Pls. bear with me I am trying to grasp/learn your fundamental or basis.
Thank you for your time.

TPat
Hi,

I trust the other good players here can provide a much better reply to you. I try to give you my little through below.

Disregard the S&R levels on the 1st chart, I trust the downward momentum is almost finished after at least 5 impulsive / corrective moves, and there was an abnormal bar ( the big long white star) several bars before, then I think it is no good to play short. Instead, look for long play should be.

For the 2nd chart (still no consider on s&r levels), I'm quite sure the momentum is up where you placed your sell order, more precisely, the pt you entered is the end of corrective move in an uptrend momentum.

My view only, pls correct me if I'm wrong.

City
  • #3,889
  • Jul 8, 2010 1:12am Jul 8, 2010 1:12am
2 longs hit tp last night 24,9 and 30,1 pips
S & R from the H3 try to catch longer runs
Attached Image (click to enlarge)
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  • #3,890
  • Jul 8, 2010 1:27am Jul 8, 2010 1:27am
I'm only trading till noon London time today so I had an earlier start.

A sweet example below of price revisiting a demand zone where the balance between buyers and sellers had previously resulted in buyer domination. This provided us with a low-risk / high-odds opportunity to join the 'buyer domination' again today.

Also see how this zone was Red's Cable target yesterday.

Rob
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: reds.jpg Size: 220 KB
  • #3,891
  • Jul 8, 2010 1:28am Jul 8, 2010 1:28am
Quoting Buildcity
Hi,

I trust the other good players here can provide a much better reply to you. I try to give you my little through below.

Disregard the S&R levels on the 1st chart, I trust the downward momentum is almost finished after at least 5 impulsive / corrective moves, and there was an abnormal bar ( the big long white star) several bars before, then I think it is no good to play short. Instead, look for long play should be.

For the 2nd chart (still no consider on s&r levels), I'm quite sure the momentum is up where you placed your sell order, more...


just to add to erics view,
wait for a retracement on your second chart (sell order) to see if momentum does change direction??????????????
again just my take upon it, PS, i only use 15 min chart for entry
cheers ant
Stop killing our Oceans, Stop using single use plastics.
  • #3,892
  • Jul 8, 2010 1:46am Jul 8, 2010 1:46am
Quoting priceaction
I'm only trading till noon London time today so I had an earlier start.

A sweet example below of price revisiting a demand zone where the balance between buyers and sellers had previously resulted in buyer domination. This provided us with a low-risk / high-odds opportunity to join the 'buyer domination' again today.

Also see how this zone was Red's Cable target yesterday.

Rob
Closed 100% at target
  • #3,893
  • Jul 8, 2010 1:57am Jul 8, 2010 1:57am
I'm watching EJ for "possible" price action confirmation of a sell-off.
Will the imbalance of more sellers than buyers at A be repeated at B?

Rob
Attached Image (click to enlarge)
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  • #3,894
  • Jul 8, 2010 2:06am Jul 8, 2010 2:06am
Check out the perfect pin on 1hr Cable.

Let's see whether it has enough sellers on board to break our earlier demand zone.

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: GU 1hr 7 July.jpg Size: 106 KB
  • #3,895
  • Jul 8, 2010 2:10am Jul 8, 2010 2:10am
Quoting priceaction
Check out the perfect pin on 1hr Cable.

Let's see whether it has enough sellers on board to break our earlier demand zone.

Rob
i'm in rob, going for an eric style thieve, looking good may move SL to BE and let it go hopefully
cheers ant
Stop killing our Oceans, Stop using single use plastics.
  • #3,896
  • Jul 8, 2010 2:17am Jul 8, 2010 2:17am
resistance up ahead ...
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  • #3,897
  • Jul 8, 2010 2:23am Jul 8, 2010 2:23am
Quoting newbie_fx
resistance up ahead ...
took the thief route +15 waiting for the break?
cheers ant
Stop killing our Oceans, Stop using single use plastics.
  • #3,898
  • Jul 8, 2010 2:39am Jul 8, 2010 2:39am
My levels to look out for...

for learning purposes only ... for me and for others if they want ...

GL...
Attached Image (click to enlarge)
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  • #3,899
  • Jul 8, 2010 3:09am Jul 8, 2010 3:09am
Quoting MJurban
2 longs hit tp last night 24,9 and 30,1 pips
S & R from the H3 try to catch longer runs
Hi MJurban
I like your chart which can show "3 hour."
What charting program is that?
I wish MT4 had "8 hour" tf.
tpat
  • #3,900
  • Jul 8, 2010 3:14am Jul 8, 2010 3:14am
Quoting tradpat
Hi MJurban
I like your chart which can show "3 hour."
What charting program is that?
I wish MT4 had "8 hour" tf.
tpat
this is oanda my broker
im also with RBS , same plattforn as oanda

this short usdchf is from RBS
15 pips short, testing the upper trendline
Attached Image (click to enlarge)
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