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Intraday price action trend trading

  • #4,021
  • Jul 12, 2010 7:43am Jul 12, 2010 7:43am
Quoting Buildcity
Attack another level at 1.505......
Spot on Eric,

Let's see if this is an area of excessive supply.
A little bit of price action suggests it "might be" ...but let's see

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 15 Min 12 July e.jpg Size: 135 KB
  • #4,022
  • Jul 12, 2010 7:46am Jul 12, 2010 7:46am
Quoting priceaction
Spot on Eric,

Let's see if this is an area of excessive supply.
A little bit of price action suggests it "might be" ...but let's see

Rob
Yeah, let GU be yours, I'm struggling on EJ, playing long, but a bit negative right now......
  • #4,023
  • Jul 12, 2010 7:51am Jul 12, 2010 7:51am
Quoting Buildcity
Yeah, let GU be yours, I'm struggling on EJ, playing long, but a bit negative right now......
The last green help me out. woooooooooooh

See you guys later, times to home.

Happy trading and play safe all

City
Attached Image (click to enlarge)
Click to Enlarge Name: 20100712-2048.jpg Size: 80 KB
  • #4,024
  • Jul 12, 2010 7:53am Jul 12, 2010 7:53am
Hi guys n gals

Just reading through the whole thread and I must say its incredibly solid information being shared here.

Thank you very much for your continual support and guidance sho.

We havent met yet and I would love to contribute and share with you guys aswell.

Hope all is well!

Keep going guys this is becoming an extremely valuable thread for those willing to commit to excellence

Cheers.

Pip
  • #4,025
  • Edited 8:28am Jul 12, 2010 8:23am | Edited 8:28am
Quoting priceaction
Spot on Eric,

Let's see if this is an area of excessive supply.
A little bit of price action suggests it "might be" ...but let's see

Rob
USDLFX 30 min chart below suggests the Dollar might be regaining some strength as it bounced off that trendline
...which could translate into GBPUSD heading back down from the supply zone it's sitting below right now.

I've just sold at 1.5037 with SL at 1.5060. Wish me luck.

Rob

EDIT: I've added the GBPUSD chart which I posted earlier as the essence of it remains my picture, even if it is a few bars old.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDLFX 30min 12 July.jpg Size: 69 KB
Click to Enlarge Name: GBPUSD 15 Min 12 July e.jpg Size: 135 KB
  • #4,026
  • Jul 12, 2010 8:26am Jul 12, 2010 8:26am
Quoting priceaction
usdlfx 30 min chart below suggests the dollar might be regaining some strength as it bounced off that trendline
...which could translate into gbpusd heading back down from the supply zone it's sitting below right now.

I've just sold at 1.5037 with sl at 1.5060. Wish me luck.

Rob
best of luck rob
ant
Stop killing our Oceans, Stop using single use plastics.
  • #4,027
  • Jul 12, 2010 8:27am Jul 12, 2010 8:27am
Hello again

Im still learning steadily but just for clarification:

Are these "good A+ setups" the method is based on?

Say for example in uptrend:

1) Previous swing high broken with speed.

2) Retested and pa confirming buying preassure.

3) Entry.


Am I undertanding this correctly or am I confusing the "principle" of the method?

PS: These are just "hypothetical" trades I havent traded but jumped out at me based on the method.

Just for learning basis.

Thanks for the support

cheers


pip
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UsdJpy15m.png Size: 37 KB
Click to Enlarge Name: GbpJpy15m.png Size: 39 KB
Click to Enlarge Name: EurJpy15m.png Size: 36 KB
Click to Enlarge Name: EurUsd15m.png Size: 39 KB
  • #4,028
  • Jul 12, 2010 8:48am Jul 12, 2010 8:48am
Quoting jakdan
best of luck rob
ant
Ant thanks,

Just got stopped out.

Rob
  • #4,029
  • Jul 12, 2010 9:25am Jul 12, 2010 9:25am
Quoting Buildcity
MJ, looks like you have made many positive short trades recently.
yes and still going on , the short ones are easy to catch maybee i get used to it. Take it and run away
  • #4,030
  • Jul 12, 2010 9:32am Jul 12, 2010 9:32am
Today EJ is really hard to play, it doesnt kill you, but just waste your time...............

It usually moves with the GU more or less the same, but see the pairs now in last 4 hrs.
  • #4,031
  • Jul 12, 2010 9:37am Jul 12, 2010 9:37am
Quoting pipalicious
hello again

im still learning steadily but just for clarification:

Are these "good a+ setups" the method is based on?

Say for example in uptrend:

1) previous swing high broken with speed.

2) retested and pa confirming buying preassure.

3) entry.


Am i undertanding this correctly or am i confusing the "principle" of the method?

Ps: These are just "hypothetical" trades i havent traded but jumped out at me based on the method.

Just for learning basis.

Thanks for the support

cheers


pip
some good trades there pip, missed a few, a few hit stops,all in all ok, try putting the kelthner channel on till you get used to the look of the trades. Just my opinion
ant
Stop killing our Oceans, Stop using single use plastics.
  • #4,032
  • Jul 12, 2010 10:24am Jul 12, 2010 10:24am
Quoting priceaction
USDLFX 30 min chart below suggests the Dollar might be regaining some strength as it bounced off that trendline
...which could translate into GBPUSD heading back down from the supply zone it's sitting below right now.

I've just sold at 1.5037 with SL at 1.5060. Wish me luck.

Rob

EDIT: I've added the GBPUSD chart which I posted earlier as the essence of it remains my picture, even if it is a few bars old.
I've 50% of a new position aggresively short at 1.5073 and the other 50% at 1.5057.
Let's see if a rejection out of the previous supply zone works out this time. I was stopped out (24 pip loss) on my earlier attempt to get short here.

Rob
  • #4,033
  • Jul 12, 2010 10:27am Jul 12, 2010 10:27am
Quoting priceaction
I've have 50% of a new position aggresively short at 1.5073 and the other 50% at 1.5057.
Let's see if a rejection out of the previous supply zone works out this time. I was stopped out (24 pip loss) on my earlier attempt to get short here.

Rob
Sometime we really dont know whats happening, a sudden drop of 50 on GU

Rob, do you ahve any idea?
  • #4,034
  • Jul 12, 2010 10:29am Jul 12, 2010 10:29am
Quoting priceaction
i've 50% of a new position aggresively short at 1.5073 and the other 50% at 1.5057.
Let's see if a rejection out of the previous supply zone works out this time. I was stopped out (24 pip loss) on my earlier attempt to get short here.

Rob
big balls rob,
good luck
Stop killing our Oceans, Stop using single use plastics.
  • #4,035
  • Jul 12, 2010 10:30am Jul 12, 2010 10:30am
Quoting Buildcity
Sometime we really dont know whats happening, a sudden drop of 50 on GU

Rob, do you ahve any idea?
No idea mate.

Just some big player(s) with some big sell order(s) at that previously proven supply zone.

Rob
  • #4,036
  • Edited 10:33am Jul 12, 2010 10:32am | Edited 10:33am
Quoting priceaction
No idea mate.

Just some big player(s) with some big sell order(s) at that previously proven supply zone.

Rob
Tks Rob,

BTW, just took a quick 12 after the retrace to little s/r at 1.503
Attached Image
  • #4,037
  • Jul 12, 2010 10:42am Jul 12, 2010 10:42am
Rob, are you full enough?
Attached Image
  • #4,038
  • Jul 12, 2010 10:43am Jul 12, 2010 10:43am
Quoting priceaction
No idea mate.

Just some big player(s) with some big sell order(s) at that previously proven supply zone.

Rob
As you know, I was looking for supply to exceed demand at that zone in the way that it did earlier today.

I lost 24 pips earlier in trying to get in on it as there was obviously not enough supply yet so my timing was off.

The 2nd attempt was part aggressive and part conservative with multiple confluence to tell me that the trade has some good probability of working out.

Lucky for me, it's paid off very well.

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 15 Min 12 July f.jpg Size: 250 KB
  • #4,039
  • Jul 12, 2010 10:49am Jul 12, 2010 10:49am
Quoting priceaction
As you know, I was looking for supply to exceed demand at that zone in the way that it did earlier today.

I lost 24 pips earlier in trying to get in on it as there was obviously not enough supply yet so my timing was off.

The 2nd attempt was part aggressive and part conservative with multiple confluence to tell me that the trade has some good probability or working out.

Lucky for me, it's paid off very well.

Rob
well done rob, nice
Stop killing our Oceans, Stop using single use plastics.
  • #4,040
  • Jul 12, 2010 11:40am Jul 12, 2010 11:40am
Quoting Pipalicious
Hi guys n gals

Just reading through the whole thread and I must say its incredibly solid information being shared here.

Thank you very much for your continual support and guidance sho.

We havent met yet and I would love to contribute and share with you guys aswell.

Hope all is well!

Keep going guys this is becoming an extremely valuable thread for those willing to commit to excellence

Cheers.

Pip
Pip,

Great to see you here. There is a lot of material to read through but what I recommend is that you start at Post #1 of Sho's (tradeprice) educational thread.

In post #1 you will also find a PDF (direct link to PDF here) which AlanOne was good enough to make. He condensed all the basics into an easily digestible PDF.

I hope this helps ...and call in here every day to read more about everyone's live trades (winners and losers)!

Rob
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