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Intraday price action trend trading

  • #3,981
  • Jul 9, 2010 10:20am Jul 9, 2010 10:20am
Quoting khairul81
Need some help in this Sho,did i draw it correctly?Now we should be looking to short right? Seniors can also answer this..

Kai

be careful with AU today it is in a tight 50 pip range all day long...today better watch trending pairs gu/eu/ej..

btw: its quite late friday so the market will slow down
  • #3,982
  • Jul 9, 2010 10:23am Jul 9, 2010 10:23am
tanx guys..still demoing so learning hard everyday..Today not really a gd day..got stopout a lot then price went my way..I feel like the big boys are playing a joke..haha

Kai
  • #3,983
  • Edited 10:52am Jul 9, 2010 10:23am | Edited 10:52am
Quoting trade price
gu
Well said, another view on this long trade.

If we spotted this price pattern, if your are in short, close it at once; if no trade, long long long

Edit: add one more chart on H4, same conclusion
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  • #3,984
  • Jul 9, 2010 11:28am Jul 9, 2010 11:28am
Attached Image (click to enlarge)
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Pending breakout



Red
  • #3,985
  • Jul 9, 2010 11:40am Jul 9, 2010 11:40am
Quoting trade price
gu
Sho,

Please explain a lit bit more about this post:#3990
Thanks.
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  • #3,986
  • Jul 9, 2010 1:50pm Jul 9, 2010 1:50pm
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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two trades taken earlier with stops placed a little wider than normal, due to having a good week and feeling lucky,
still holding, going to hold over weekend with a bit of luck i will still be in.
going to put euro millions on
have a good weekend all
cheers ant
Stop killing our Oceans, Stop using single use plastics.
  • #3,987
  • Jul 11, 2010 10:08am Jul 11, 2010 10:08am
If you haven't already watched the "Floored" documentary, you might be interested in this interesting look at a handful of eccentric pit traders attempting the difficult transition to online trading.

Floored - The Documentary

Watch episode 0 to 8.

Episode 6 on, really highlights the fact that successful pit traders have not necessarily transitioned to become successful online traders.

Rob
  • #3,988
  • Jul 11, 2010 3:14pm Jul 11, 2010 3:14pm
Hi,
am on demo, working on method. Figured this pic, thought the 15'/1H/4Hers may get something from it. Am TL-and-pattern also.

Attached Image (click to enlarge)
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From here.
  • #3,989
  • Jul 11, 2010 10:08pm Jul 11, 2010 10:08pm
Quoting trade price
my man i like your album.
my knowledge is limited.
Can you enlighten me,how your methood works(setup) and how you trade this.
Regards
sho
Thank you.

To me, price makes logarithmic curves and midlines. These forms can be small and subtle, as in a smaller TF's adjusting the placement of a TL, or big and obvious, as in a geometric shape (that is made of one or more logr's and mid-'s) being surrounded and/or imbued with a group of TL's.
The beige shapes on the right are only to highlight a couple of logarithmic curves, in the making of the nearby TL's.

The triangle on top, made on the 15' TF, forms a point on the left, and a TL from that point here goes to help the older TL's determine the next price past the right. The older TL's were made on the 1H and 4H TF's.

A midline is a line segment with a dot in the middle of it. I drew a short green line segment from the dot of the midline on the right of the picture, where I think, based on the TL's I drew on this picture and the accompanying slideshow in the link below the picture, price will surround the green line (if made into a ray) in some way over the next undetermined number of 15' bars.

It's not a complete prediction, as price could easily drop to the lower, older TL, which is what I though first. I skipped a thorough study for a trade (on the 1' TF.) I'm still working on what method to trade on within the TL-and-pattern spectrum, so I was reticent to go further than the observation I posted.
  • #3,990
  • Jul 12, 2010 12:58am Jul 12, 2010 12:58am
Ant, don't you think that its time to secure your profit (London 0700)? Cheers, City

Quoting jakdan
Attachment
Attachment
two trades taken earlier with stops placed a little wider than normal, due to having a good week and feeling lucky,
still holding, going to hold over weekend with a bit of luck i will still be in.
going to put euro millions on
have a good weekend all
cheers ant
  • #3,991
  • Jul 12, 2010 1:02am Jul 12, 2010 1:02am
See pic
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  • #3,992
  • Jul 12, 2010 1:12am Jul 12, 2010 1:12am
Quoting Buildcity
Ant, don't you think that its time to secure your profit (London 0700)? Cheers, City
they both got closed out just before close on friday
never mind roll on another week,
cheers ant
Stop killing our Oceans, Stop using single use plastics.
  • #3,993
  • Jul 12, 2010 2:05am Jul 12, 2010 2:05am
Quoting redsword11
Attachment

Cad news at 1415 will likely take prices to this supply, also loony at a support too, might turn as cadjpy tests this supply

Red
Red,

I don't normally watch this pair but the chart you posted Friday painted a very nice potential set-up.

I entered at 86.35 early this morning. Let's see how it works out.

Rob
  • #3,994
  • Edited 2:46am Jul 12, 2010 2:31am | Edited 2:46am
Quoting priceaction
In my view, we've seen a fake-break of GU (up to 1.52) prior to a sell off...
Friday's cable sell-off played out nicely. See chart on the left.

Looking at the 3rd target, let's see whether there is still an imbalance of demand over supply at this zone. See today's chart on the right.

Note that buy orders have been filled there recently on 3 occasions already. But on the last occasion we saw a very strong move up.

Rob
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Attached Image
  • #3,995
  • Jul 12, 2010 2:56am Jul 12, 2010 2:56am
Look at the rejection we are seeing below of the USD from the white demand zone, which had previously been a clear supply zone.

Rob
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  • #3,996
  • Jul 12, 2010 3:04am Jul 12, 2010 3:04am
Quoting Buildcity
See pic
Absolutely Eric

It's my view that they are attempting to trigger even more stops before GB news comes out in 30 mins and the move continues on it's way.

Hope you had a good weekend.

Rob
  • #3,997
  • Jul 12, 2010 3:28am Jul 12, 2010 3:28am
Quoting priceaction
Absolutely Eric

It's my view that they are attempting to trigger even more stops before GB news comes out in 30 mins and the move continues on it's way.

Hope you had a good weekend.

Rob
Minor pullbacks and 'potential' 15 min pins taking shape on many pairs, prior to news in 3 mins - including the dollar index shown in earlier post.

Rob
  • #3,998
  • Jul 12, 2010 3:31am Jul 12, 2010 3:31am
i still need more confidence
the first long before market open could have been a big runner, i closed it with 4 pips cause keltner channel was still pointing south
i missed 1.0600 cause of breakfast and played the retrace 1.0650 with 16 pips profit.
But 20 pips for the morning session is not bad for me
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  • #3,999
  • Jul 12, 2010 3:33am Jul 12, 2010 3:33am
Yes,

See pic

Quoting priceaction
Minor pullbacks and 'potential' 15 min pins taking shape on many pairs, prior to news in 3 mins - including the dollar index shown in earlier post.

Rob
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  • #4,000
  • Jul 12, 2010 4:24am Jul 12, 2010 4:24am
Quoting Buildcity
Yes,

See pic

nice pic city... but I have not made a trade. from the opening london.

still confused
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