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DanUK's Intraday Experiment

  • #101
  • Jul 14, 2010 3:29am Jul 14, 2010 3:29am
Quoting bez3000
Traded this BEOB this morning, i wasn't to sure on it so moved to BE early (lucky for me).
Hi bez,

That's a BUOB not a BEOB!

I am still in that exact trade... just moved my stop to breakeven - I would like to ride this up to 1.2800 if I can!

Regards,

Dan
  • #102
  • Jul 14, 2010 3:36am Jul 14, 2010 3:36am
Quoting DanUK
Hi bez,

That's a BUOB not a BEOB!

I am still in that exact trade... just moved my stop to breakeven - I would like to ride this up to 1.2800 if I can!

Regards,

Dan
sorry yes BUOB looks like i got out a bit early, oh well still learning. Dan did you get my PM?
  • #103
  • Jul 14, 2010 4:03am Jul 14, 2010 4:03am
Closed at breakeven.
  • #104
  • Jul 14, 2010 8:39am Jul 14, 2010 8:39am
What is BEOB and BUOB?
All the best - JoelD
  • #105
  • Jul 14, 2010 9:17am Jul 14, 2010 9:17am
Quoting JoelD
What is BEOB and BUOB?
All the best - JoelD
Hi JoelD,

Short for BEarish Outside Bar or BUllish Outside Bar.

Regards,

Dan
  • #106
  • Jul 14, 2010 9:20am Jul 14, 2010 9:20am
Quoting JoelD
What is BEOB and BUOB?
All the best - JoelD
JoelD

They are price action names Bearish Outside Bar & Bullish Outside Bar.
Have a look on the James16 thread for a lesson on prices action:
http://www.forexfactory.com/showthread.php?t=2331


Good luck
  • #107
  • Jul 14, 2010 10:02am Jul 14, 2010 10:02am
Just closed this trade for 2% maybe should have stayed in not sure
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  • #108
  • Jul 14, 2010 10:24am Jul 14, 2010 10:24am
Should have held on for at least 4%.
  • #109
  • Jul 14, 2010 12:52pm Jul 14, 2010 12:52pm
Dan, Bez,

Thanks for your answer, I have gone over James 16's
thread re price action (PA) and found it great.

I am just not good at remembering all the acronyms (must be my age!!)

Thanks again.
  • #110
  • Jul 14, 2010 5:43pm Jul 14, 2010 5:43pm
Hi can I ask do you guys use the better volume indicator or do you find the candle patterns with pivot points enough to base your trades? It seems to me your all doing well without it and the pin bars etc are enough. Is that the case?
  • #111
  • Jul 15, 2010 1:52am Jul 15, 2010 1:52am
Quoting aus1way
Hi can I ask do you guys use the better volume indicator or do you find the candle patterns with pivot points enough to base your trades? It seems to me your all doing well without it and the pin bars etc are enough. Is that the case?
For me i have only entered trades based on pin bars etc..... But i am keeping my eyes open for a volume based trade and hope to pick it up better the more volume based charts that are posted.
  • #112
  • Jul 15, 2010 3:38am Jul 15, 2010 3:38am
Thanks for the reply Bez.
  • #113
  • Jul 15, 2010 7:29am Jul 15, 2010 7:29am
usdjpy trade this morning:
Attached Image (click to enlarge)
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  • #114
  • Jul 15, 2010 7:33am Jul 15, 2010 7:33am
GBPUSD Trade stopped out for -2%:
Did anyone else take this trade or see any problems with it?
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  • #115
  • Jul 15, 2010 10:09am Jul 15, 2010 10:09am
Now this is starting to become fun!

EURUSD +2%
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  • #116
  • Jul 15, 2010 2:35pm Jul 15, 2010 2:35pm
Quoting bez3000
GBPUSD Trade stopped out for -2%:
Did anyone else take this trade or see any problems with it?
I am happy for your success. I would like to be right there too....I am too busy to participate at the moment. Eh. I just wanted to menion that it is safer to long GU with this methode as at least to daily trend is backing you.
Kind Regards zol
  • #117
  • Jul 16, 2010 3:14am Jul 16, 2010 3:14am
Quoting aus1way
Hi can I ask do you guys use the better volume indicator or do you find the candle patterns with pivot points enough to base your trades? It seems to me your all doing well without it and the pin bars etc are enough. Is that the case?
Hi,

You don't need the volume stuff if you are not comfortable with it. I would recommend having a read now and then as it is an extra tool but you can trade this way perfectly well just using candle patterns and pivots/psych levels.

Regards,

Dan
  • #118
  • Jul 16, 2010 3:20am Jul 16, 2010 3:20am
Quoting bez3000
GBPUSD Trade stopped out for -2%:
Did anyone else take this trade or see any problems with it?
Good stuff mate, you seem to be picking it up well!

With regards to that particular bar - to be honest I wouldn't have traded that. When looking for a pullback like that, I want to see more space first... price should move up and away and then curve back down, form a nice pin and then enter.

That particular bar looked more to me like a “hanging man” which if it formed under the resistance level it would have been a bearish signal – although it’s not a pattern I trade!

Hope that makes sense! If not I'll try and find a chart to illustrate!

Regards,

Dan
  • #119
  • Jul 16, 2010 3:51am Jul 16, 2010 3:51am
Still demoing...but took this trade buying climax and obvious TP.
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  • #120
  • Jul 16, 2010 8:02am Jul 16, 2010 8:02am
Right then chaps... today I did something new and extraordinary! I bought EU at 1.2899 with just a two pip stop loss.

Within seconds I moved my stop to breakeven and let the trade ride. I was hoping to get up to 1.3039 but 1.3000 wouldn't give. So I tightened my stop loss and that has just closed for +90 pips.

I was a little risky with this and played it with 2% of my intraday account and I have just closed it 90% up!!!! Insane right!?!?!

Here is a pic of my entry...
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