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Intraday price action trend trading

  • #4,061
  • Jul 13, 2010 5:45am Jul 13, 2010 5:45am
Quoting xeqter
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..
I sold at 1.51 because of the level shown in my chart below.

I wasn't extremely confident about the trade as it went up with a lot of momentum and we're in a bit of a quiet time now. So I closed the trade for 22 pips.

I'm also not sure what it's going to do at the current level. i.e. break up through or continue down.

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 4hr 13 July.jpg Size: 118 KB
  • #4,062
  • Jul 13, 2010 6:15am Jul 13, 2010 6:15am
Quoting priceaction
I'm also not sure what it's going to do at the current level. i.e. break up through or continue down.

Rob
Anyone taking the bullish 15 min OB with momentum?

Rob
  • #4,063
  • Jul 13, 2010 6:20am Jul 13, 2010 6:20am
Quoting xeqter
nice 20 pips!
would be very nice if you could explain what your entry was based on ?

the entry was Sho Method basic, retracement to the keltner channel


i took to shorts usdchf , same entry both 5 pips = 10 pips
maybee the 2. trade closed to early
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf-0043.gif Size: 21 KB
  • #4,064
  • Jul 13, 2010 6:26am Jul 13, 2010 6:26am
Quoting priceaction
Anyone taking the bullish 15 min OB with momentum?

Rob
Yes, I'm in and x2. 1 with 6 and the other BE, lets wait a moment
  • #4,065
  • Jul 13, 2010 6:31am Jul 13, 2010 6:31am
Quoting Buildcity
Yes, I'm in and x2. 1 with 6 and the other BE, lets wait a moment


Now a 30 min OB too.

Rob
  • #4,066
  • Jul 13, 2010 6:35am Jul 13, 2010 6:35am
Quoting priceaction


Now a 30 min OB too.

Rob
My initial TP set at r/n 1.51. only made 33 (2 trades) from this
  • #4,067
  • Jul 13, 2010 6:35am Jul 13, 2010 6:35am
Quoting priceaction


Now a 30 min OB too.

Rob
I turned away from my screen and it went up
Closed at +28.

Rob
  • #4,068
  • Jul 13, 2010 6:39am Jul 13, 2010 6:39am
Quoting Buildcity
My initial TP set at r/n 1.51. only made 33 (2 trades) from this
Good work!
  • #4,069
  • Jul 13, 2010 6:47am Jul 13, 2010 6:47am
Quoting priceaction
Good work!
Tks Rob, but these long trades are bit high risk as the 1.508 is a pretty strong s/r level.
http://www.forexfactory.com/showpost...&postcount=293

Made it anway. Now its a DT forming.

City
  • #4,070
  • Jul 13, 2010 6:51am Jul 13, 2010 6:51am
Hey folks,

Anybody watching Aud/Usd for a long around 0.8750 area?

Quick question,

With regards to news, do you guys set a minimum / maximum time before the report is out to NOT trade?

cheers.

Price action cheers for the reply, im reading through it now.

Jakdan cheers aswell buddy
  • #4,071
  • Jul 13, 2010 6:55am Jul 13, 2010 6:55am
Quoting Pipalicious
Hey folks,

Anybody watching Aud/Usd for a long around 0.8750 area?

Quick question,

With regards to news, do you guys set a minimum / maximum time before the report is out to NOT trade?

cheers.

Price action cheers for the reply, im reading through it now.

Buildcity cheers aswell buddy
Cheers Pip,

For me, usually stop trading around 1/2 hr before major news, but after the news, no much guideline, depends on the price, if it settled down, then analysis the market again.

My play only
City
  • #4,072
  • Jul 13, 2010 6:58am Jul 13, 2010 6:58am
Today again, EJ is really hard to play!!
  • #4,073
  • Jul 13, 2010 7:09am Jul 13, 2010 7:09am
Divergence is forming
  • #4,074
  • Jul 13, 2010 7:13am Jul 13, 2010 7:13am
Hi again folks,

Sorry to bother with questions.

Wondering if trades are entered always with limits or stop entries aswell.

Ive noticed in the pdf's a strong emphasis on price action and comfirmation with candles/bars.

However, has anyone had any experience doing entries purely with limit entries?

For example, Aud/Usd 15m entry with pa confirmation (IMHO) would be around 0.8758 when the pin closed (on my feed) meanwhile the limit entry would be just above 0.8750 when price retested the demand area and then formed the pin.

Dont want to confuse anyone, just trying to learn.

Thanks again guys n gals
  • #4,075
  • Jul 13, 2010 7:16am Jul 13, 2010 7:16am
Quoting Pipalicious
Hey folks,

Anybody watching Aud/Usd for a long around 0.8750 area?

Quick question,

With regards to news, do you guys set a minimum / maximum time before the report is out to NOT trade?

cheers.

Price action cheers for the reply, im reading through it now.

Jakdan cheers aswell buddy
Pip, this is what I see on the Aussie chart.

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 4hr 13 July.jpg Size: 190 KB
  • #4,076
  • Jul 13, 2010 7:17am Jul 13, 2010 7:17am
Quoting priceaction
Pip, this is what I see on the Aussie chart.

Rob
It's also worth looking at the chart that Red has just posted on his thread
  • #4,077
  • Jul 13, 2010 7:17am Jul 13, 2010 7:17am
Quoting Pipalicious
Hi again folks,

Sorry to bother with questions.

Wondering if trades are entered always with limits or stop entries aswell.

Ive noticed in the pdf's a strong emphasis on price action and comfirmation with candles/bars.

However, has anyone had any experience doing entries purely with limit entries?

For example, Aud/Usd 15m entry with pa confirmation (IMHO) would be around 0.8758 when the pin closed (on my feed) meanwhile the limit entry would be just above 0.8750 when price retested the demand area and then formed the pin.

Dont want to...
not for me, but we all trade differently
cheers ant
Stop killing our Oceans, Stop using single use plastics.
  • #4,078
  • Jul 13, 2010 7:22am Jul 13, 2010 7:22am
Hi mate, you are quite quiet recently?
  • #4,079
  • Jul 13, 2010 7:28am Jul 13, 2010 7:28am
yeah made a few mistakes and recovering from it...im just watchin you guys makin pips, with all these entries i dont get i think i wanted too much too fast

however, im watching sam seiden's workshops and im really impressed with his supply/demand zones, im not trading them actually but watching like a hawk


hope you're doing well and retire soon
Never whishing, always trading.
  • #4,080
  • Jul 13, 2010 7:36am Jul 13, 2010 7:36am
Quoting priceaction
Pip, this is what I see on the Aussie chart.

Rob
Hmmm I see what you mean Rob (can I call you Rob?)

The reason i pointed the trade out is mainly with regards to the "Momentum is everything" that Sho preaches.

I see the higher tf supply/demand zones are very near, but on the 15m chart I saw the break through 0.8750 quite eye catching.

Just trying to focus exclusively on the speed at which price brakes a supply/demand zone and then trade with it.

Still have a lot to learn.

Thanks for pointing it out!

Pip (Omar)
Attached Image (click to enlarge)
Click to Enlarge Name: Aud_Usd15m.png Size: 38 KB
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