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Intraday price action trend trading

  • #4,041
  • Jul 12, 2010 12:04pm Jul 12, 2010 12:04pm
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 of working out.

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

Rob
We've seen a retrace of 50% and price could be getting ready to drop again.

Rob
  • #4,042
  • Jul 12, 2010 12:06pm Jul 12, 2010 12:06pm
Rob, good stuff from Sam (your chart)

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 of working out.

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

Rob
  • #4,043
  • Jul 12, 2010 12:11pm Jul 12, 2010 12:11pm
Quoting Buildcity
Rob, good stuff from Sam (your chart)
Yes
  • #4,044
  • Jul 12, 2010 12:53pm Jul 12, 2010 12:53pm
Quoting priceaction
We've seen a retrace of 50% and price could be getting ready to drop again.

Rob
As Rob said, we got 50% retrace, and a good resistance right above, A+ setup per Sho's teaching. I would be happily for this little 8 on this hour.
Attached Image
  • #4,045
  • Jul 12, 2010 12:58pm Jul 12, 2010 12:58pm
Quoting Buildcity
As Rob said, we got 50% retrace, and a good resistance right above, A+ setup per Sho's teaching. I would be happily for this little 8 on this hour.
Nice one
  • #4,046
  • Jul 12, 2010 1:03pm Jul 12, 2010 1:03pm
seems the momentum is changing, from impulsive turned to corrective (red arrow); better watch out bit longer.
Attached Image
  • #4,047
  • Jul 13, 2010 12:44am Jul 13, 2010 12:44am
Below is my short-term view of Cable this morning.

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 1 hr 13 July .jpg Size: 163 KB
  • #4,048
  • Jul 13, 2010 1:40am Jul 13, 2010 1:40am
Quoting priceaction
Below is my short-term view of Cable this morning.

Rob
nice chart and analisys rob, best of luck ive missed it,
i'll wait for the retrace
ant
Stop killing our Oceans, Stop using single use plastics.
  • #4,049
  • Jul 13, 2010 2:09am Jul 13, 2010 2:09am
long usdchf +7 pips, missed the short on eurusd (breakfast to long)
Attached Image (click to enlarge)
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  • #4,050
  • Jul 13, 2010 2:28am Jul 13, 2010 2:28am
20 pips short eurusd
sometimes its not so good to have a fixed tp , this was reached in less than a second could easy have been 30 pips
Attached Image (click to enlarge)
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  • #4,051
  • Jul 13, 2010 2:28am Jul 13, 2010 2:28am
Quoting MJurban
long usdchf +7 pips, missed the short on eurusd (breakfast to long)
Treat the pips as your breakfast, teach your wife to trade too, then you can save your time
  • #4,052
  • Jul 13, 2010 2:30am Jul 13, 2010 2:30am
Quoting Buildcity
Treat the pips as your breakfast, teach your wife to trade too, then you can save your time
perfect, i will do that
  • #4,053
  • Jul 13, 2010 2:50am Jul 13, 2010 2:50am
Quoting MJurban
20 pips short eurusd
sometimes its not so good to have a fixed tp , this was reached in less than a second could easy have been 30 pips
MJ,

The truth is, I faced the same question as yours. Now I put my hard TP a bit bigger, said 35 to 40p (depends on how much you would be happy), if there is a sudden move to your direction and hit your TP, its a bonus, if the price stalled or even against yours, market order to close it anyway.

For sharing.
City
  • #4,054
  • Jul 13, 2010 2:51am Jul 13, 2010 2:51am
2 more long usdchf B/E and +10 pips
Ok for the early morning,
c u all at US session
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf-0042.gif Size: 27 KB
  • #4,055
  • Jul 13, 2010 2:53am Jul 13, 2010 2:53am
Quoting MJurban
20 pips short eurusd
sometimes its not so good to have a fixed tp , this was reached in less than a second could easy have been 30 pips

nice 20 pips!
would be very nice if you could explain what your entry was based on ?
  • #4,056
  • Edited 4:06am Jul 13, 2010 3:53am | Edited 4:06am
sho setup forming on EU m15 ?!

any comments?


edit: news at 0900 gmt
Attached Image (click to enlarge)
Click to Enlarge Name: eu_m15_1307.gif Size: 34 KB
  • #4,057
  • Jul 13, 2010 4:15am Jul 13, 2010 4:15am
Quoting xeqter
sho setup forming on EU m15 ?!

any comments?


edit: news at 0900 gmt
not sure X, getting a bit noisy down there
Stop killing our Oceans, Stop using single use plastics.
  • #4,058
  • Jul 13, 2010 4:35am Jul 13, 2010 4:35am
Quoting jakdan
not sure X, getting a bit noisy down there
yeah that 30min pin made me a bit nervous, too but sho said that if we see this setup and have additional confluence ( here 50% fibo ) we just have to enter...

but it was news anyway, so i skipped it
  • #4,059
  • Jul 13, 2010 4:39am Jul 13, 2010 4:39am
Quoting xeqter
yeah that 30min pin made me a bit nervous, too but sho said that if we see this setup and have additional confluence ( here 50% fibo ) we just have to enter...

but it was news anyway, so i skipped it
me too,
could get a good entry on GU its on fire.??????
Stop killing our Oceans, Stop using single use plastics.
  • #4,060
  • Jul 13, 2010 5:06am Jul 13, 2010 5:06am
Quoting jakdan
me too,
could get a good entry on GU its on fire.??????


you mean the pin at the supply zone? i'm in there, too.. would be too nice to hear rob's or redsword's opinion on this one... at the moment it's stalling to i get a liitle unconfortable with it..
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