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Intraday price action trend trading

  • #4,221
  • Jul 16, 2010 4:51am Jul 16, 2010 4:51am
Quoting trade price
all question and answer's are wellcome here.
in the learning process all valid in my book.
i do learn lots from you guys.i allways love to sharp my knowledge.
i dont mind.
anyone can do any stupid question here as long as it based on trading.but you are doing great my friend.thats why you got my 'v' long time ago.
i am glad ,at least i do know people with their words.(post)
feel free.
Thank you Sho,
Glad to see more your posts recently and of course Eric,Rob and others with every single chart do here excellent job!!!
I deleted because Eric put right pdf's which help people who would like to study more about single bars,so my post was just like only jump.That pdf's can answear many questions in on single post.
  • #4,222
  • Jul 16, 2010 4:55am Jul 16, 2010 4:55am
Quoting priceaction
Stop loss remains in the same place.
Momentum picks up again.

I could close at +50 now, but on this occasion (because I got a few quick scalps early in the session, and +24 from the GU move just now) I will allow the trade to play out (also because we have seen some good momentum) by just moving up my stop loss.

Rob
Momentum is very good as we reach the highs. I've moved up the SL again to the OPEN of the previous bar to lock in 40.

Rob
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY 15 Min 16 July 2010 d.jpg Size: 132 KB
Click to Enlarge Name: EURJPY 15 Min 16 July 2010 e.jpg Size: 138 KB
  • #4,223
  • Jul 16, 2010 5:06am Jul 16, 2010 5:06am
Quoting priceaction
Momentum is very good as we reach the highs. I've moved up the SL again to the OPEN of the previous bar to lock in 40.

Rob
Stop loss now moved to foot of last complete 15 min bar, locking in +48.

Notice how the 4hr bar (just closed for me) engulfs so much price action to the left. Great momentum.

Let's see if it's enough to break the previous supply zone without a big enough retrace to stop me out.

Rob
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY 15 Min 16 July 2010 e.jpg Size: 138 KB
Click to Enlarge Name: EURJPY 15 Min 16 July 2010 f.jpg Size: 131 KB
  • #4,224
  • Jul 16, 2010 5:09am Jul 16, 2010 5:09am
Quoting priceaction
Stop loss now moved to foot of last complete 15 min bar, locking in +48.

Notice how the 4hr bar (just closed for me) engulfs so much price action to the left. Great momentum.

Let's see if it's enough to break the previous supply zone without a big enough retrace to stop me out.

Rob
Stopped out for +48.

I could have taken a warning from the 2 x 5 min pins, but nevertheless a healthy profit.

Rob
  • #4,225
  • Jul 16, 2010 5:11am Jul 16, 2010 5:11am
Quoting priceaction
Stop loss now moved to foot of last complete 15 min bar, locking in +48.

Notice how the 4hr bar (just closed for me) engulfs so much price action to the left. Great momentum.

Let's see if it's enough to break the previous supply zone without a big enough retrace to stop me out.

Rob
What's a lovely live trade, Rob

I'm watching yours like the MT4 platform
  • #4,226
  • Jul 16, 2010 5:20am Jul 16, 2010 5:20am
Quoting priceaction
Stopped out for +48.

I could have taken a warning from the 2 x 5 min pins, but nevertheless a healthy profit.

Rob
Sho, thanks for the comprehensive answer!


And Rob, again, thank you for your great posts.. that livetrade was awesome... please keep up like that in the future!
  • #4,227
  • Jul 16, 2010 5:44am Jul 16, 2010 5:44am
for your great valuable lessons.

I´m looking forward to your posts, thats the way i like it
Trade well and many pips to all. Martin
  • #4,228
  • Jul 16, 2010 5:46am Jul 16, 2010 5:46am
HI,

I am a seller.

Any one agree this with sho setup...

how about you sho... ey.. mate.

GU M15
Attached Image
  • #4,229
  • Jul 16, 2010 5:59am Jul 16, 2010 5:59am
Quoting trade price
you are on mate
I quit with 18 already, nice catch on last star!!

http://www.forexfactory.com/showpost...&postcount=353
  • #4,230
  • Jul 16, 2010 5:59am Jul 16, 2010 5:59am
GU broken RN 1.54 and also a supportlevel, now it retraced to that Level
and bounced of again.

Waht do you think is there a short come in??
Attached Image (click to enlarge)
Click to Enlarge Name: GU1607.png Size: 291 KB
Trade well and many pips to all. Martin
  • #4,231
  • Jul 16, 2010 6:02am Jul 16, 2010 6:02am
Sorry to late
Trade well and many pips to all. Martin
  • #4,232
  • Jul 16, 2010 6:04am Jul 16, 2010 6:04am
Ok,

I have taken my +20 and I am out...

Catch you all later and sho you too mate...

Thank you...
Attached Image
  • #4,233
  • Jul 16, 2010 7:22am Jul 16, 2010 7:22am
Interesting to see GBPUSD & EURJPY back at previous demand zones prior to news.

Rob
  • #4,234
  • Jul 16, 2010 8:42am Jul 16, 2010 8:42am
Hi,

I think there is a swing opportunity to go

short @ 1.3040 with

sl @ 1.31 with

T1 @ 1.265 T2 @ 1.226 on EUR USD

based on the supply demand levels, the quick move away in price, fresh price levels, entering Supply zone after long rally, all star entry with bollinger band.

What do you seniors think ? Price action, Trade price, City. Pls advice. Thanks!
  • #4,235
  • Jul 16, 2010 8:47am Jul 16, 2010 8:47am
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 9.png Size: 27 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Picture 8.png Size: 41 KB


30 min and 1hr charts.
  • #4,236
  • Jul 16, 2010 8:52am Jul 16, 2010 8:52am
Quoting arjuncora
Hi,

I think there is a swing opportunity to go

short @ 1.3040 with

sl @ 1.31 with

T1 @ 1.265 T2 @ 1.226 on EUR USD

based on the supply demand levels, the quick move away in price, fresh price levels, entering Supply zone after long rally, all star entry with bollinger band.

What do you seniors think ? Price action, Trade price, City. Pls advice. Thanks!
Lots of news out in the last few hrs. The last piece is published in 3 minutes.
Personally I'm waiting for it all to be out of the way.

Rob
  • #4,237
  • Jul 16, 2010 8:54am Jul 16, 2010 8:54am
Quoting priceaction
Lots of news out in the last few hrs. The last piece is published in 3 minutes.
Personally I'm waiting for it all to be out of the way.

Rob
Oh okay Rob!

We're still about 80 pips away, just thought i'd swing the setup by you guys.


-
Aj
  • #4,238
  • Jul 16, 2010 9:07am Jul 16, 2010 9:07am
Quoting arjuncora
Oh okay Rob!

We're still about 80 pips away, just thought i'd swing the setup by you guys.
-
Aj
Oh I see.

Well it's good to know where those levels are at, but we don't know what price will do when it gets there. Keep going or reverse. e.g. What was a demand zone to trade off this morning in EURJPY, now became a supply zone. We just don't know.

So I prefer to keep the levels in mind, consider the possibilities then decide what to do after price action at the level. But that's me.
There are many people who will trade based on the level alone and hope for the best.

Rob
  • #4,239
  • Jul 16, 2010 9:11am Jul 16, 2010 9:11am
Hi folks!

Been well busy so no trading for me as of yet.

Most of my views are potential setups either after the fact or as time allows me. Basically im spotting moves before they occur even though im not able to trade them due to time constraints right now...


Quick thought here...

Putting news aside, would this 2nd entry be valid per the method?
Is this a correct "Inside Bar"?


Also wondering if you guys limit yourselfs to X pairs to trade?

Im going to start focusing on 6 pairs max. Wondering results if anyone here does this or not.

Thanks guys!
Attached Image (click to enlarge)
Click to Enlarge Name: GbpUsd15m.png Size: 46 KB
  • #4,240
  • Jul 16, 2010 9:11am Jul 16, 2010 9:11am
Quoting priceaction
Oh I see.

Well it's good to know where those levels are at, but we don't know what price will do when it gets there. Keep going or reverse. e.g. What was a demand zone to trade off this morning in EURJPY, now became a supply zone. We just don't know.

So I prefer to keep the levels in mind, consider the possibilities then decide what to do after price action at the level. But that's me.
There are many people who will trade based on the level alone and hope for the best.

Rob
K Rob, thats a very interesting point. I look forward to watching you guys very closely. I was looking for a thread that followed rules based on Sam Seiden's Supply Demand. I'm excited to find all of you guys here. Hope to participate more in the future! So I take it that you guys take only market orders ?
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