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DanUK's Intraday Experiment

  • #181
  • Jul 22, 2010 12:16pm Jul 22, 2010 12:16pm
same here my friend. paid for my second loss too! break even for the day, which is not exactly where i wanted to be, but its ok.

this system requires more time, that's all.

nothing for me on the longterm trend system.



Quoting bez3000
GBP/USD

Traded the pin off 1.52500 this afternoon a 1:1
  • #182
  • Jul 22, 2010 10:34pm Jul 22, 2010 10:34pm
Oui allo.
  • #183
  • Jul 26, 2010 9:05am Jul 26, 2010 9:05am
Dan are you still trading this meathod, its all gone very quite??
  • #184
  • Jul 26, 2010 12:18pm Jul 26, 2010 12:18pm
i still am whenver i have the time and whenever i see setups. its a very reliable system with maybe 60-70% win rate, just trading pin bars off the key levels.

Quoting bez3000
Dan are you still trading this meathod, its all gone very quite??
  • #185
  • Jul 26, 2010 1:42pm Jul 26, 2010 1:42pm
Hi guys,

I am extremely busy at work at the moment so I'm not getting the time to trade the lower timeframes just now (with the exception of the Central Banks system).

I am still doing a little intraday dabbling on H4 charts when I get the chance though!

Regards,

Dan
  • #186
  • Jul 26, 2010 2:55pm Jul 26, 2010 2:55pm
Quoting coolshades
i still am whenver i have the time and whenever i see setups. its a very reliable system with maybe 60-70% win rate, just trading pin bars off the key levels.
I agree but I am also having trouble having the time to trade this way. I will keep trading daily / h4 as 15m when I can.
  • #187
  • Jul 27, 2010 9:30am Jul 27, 2010 9:30am
Quoting bez3000
Made a nice 6% on this pin today
I just started reading the thread upon recomendation from captmilkdud, and I must say thanks to all for your contribution especially the commander. Please I saw this setup and am a litle bit confused. The I normally think pinbar indicates reversal, but you took the trade in continuation and the trend also seems opposite that is down. It did end in profit so am curious to know if am missing something. Thanks
  • #188
  • Jul 27, 2010 9:53am Jul 27, 2010 9:53am
I like these types of pins because it allows me to trade with the short term trend and it was off a support area.

Quoting Naijapipholi
I just started reading the thread upon recomendation from captmilkdud, and I must say thanks to all for your contribution especially the commander. Please I saw this setup and am a litle bit confused. The I normally think pinbar indicates reversal, but you took the trade in continuation and the trend also seems opposite that is down. It did end in profit so am curious to know if am missing something. Thanks
  • #189
  • Jul 27, 2010 10:55am Jul 27, 2010 10:55am
bit frustrated that i allowed this to close at b/e rather than exit at 2%. had another such trade today and i cld have ended the day at 4% rather than b/e
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  • #190
  • Edited 3:16am Jul 29, 2010 2:45am | Edited 3:16am
I have shorted the Euro off of R1 (1.30380), looks like Pinbar and Volume showing "climax low"

All the best - JoelD
  • #191
  • Jul 30, 2010 2:35am Jul 30, 2010 2:35am
a good volume sell on euro a couple of 15m bars back. yielded 1:2
  • #192
  • Aug 3, 2010 11:25am Aug 3, 2010 11:25am
am posting this not because i took this trade (i did not) but i have been keeping an eye on volume trades and the p/a off psych levels etc and in my opinion there is about 70% win rate on these trades.

the A+ volume trades alone have about 90% win rates. i have no data to back this up so pls dont ask me back test data. however i have been keeping an eye on volume trades alone and they are incredibly successful.

for those who want to know what an A+ volume trade is search for commander's response to lovejoy a few months back.
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  • #193
  • Aug 3, 2010 11:54am Aug 3, 2010 11:54am
Quoting coolshades
am posting this not because i took this trade (i did not) but i have been keeping an eye on volume trades and the p/a off psych levels etc and in my opinion there is about 70% win rate on these trades.

the A+ volume trades alone have about 90% win rates. i have no data to back this up so pls dont ask me back test data. however i have been keeping an eye on volume trades alone and they are incredibly successful.

for those who want to know what an A+ volume trade is search for commander's response to lovejoy a few months back.
Hi coolshades,

I must admit I don't have any "data" as such but based on my own experience I would agree with your post.

I have found that in conjunction with support/resistance levels, price action and VSA provide a really good road map to the intraday action. It's a great way to trade because it gives you definitive locations to trade from, clear signals to trade off (once you've learned them) and typically good R:R ratio. The only trouble is having the time to trade 15M timeframes!

Summer is normally a very busy month for me at work but I hope to get properly back into my intraday stuff from September.

Regards,

Dan
  • #194
  • Aug 3, 2010 12:09pm Aug 3, 2010 12:09pm
you have not missed many 15 m trades. i have been office based the last 4-5 days and there havent been that many. plus i always load charts at nite and see what i missed and july was a very slow month for this system.

i am supposed to be in kent tomorrow, so hope i have time to do the 8 am trade before i mount my steed.

Quoting DanUK
Hi coolshades,

I must admit I don't have any "data" as such but based on my own experience I would agree with your post.

I have found that in conjunction with support/resistance levels, price action and VSA provide a really good road map to the intraday action. It's a great way to trade because it gives you definitive locations to trade from, clear signals to trade off (once you've learned them) and typically good R:R ratio. The only trouble is having the time to trade 15M timeframes!

Summer is normally a very busy month for me at work but...
  • #195
  • Aug 3, 2010 12:41pm Aug 3, 2010 12:41pm
Quoting coolshades
you have not missed many 15 m trades. i have been office based the last 4-5 days and there havent been that many. plus i always load charts at nite and see what i missed and july was a very slow month for this system.

i am supposed to be in kent tomorrow, so hope i have time to do the 8 am trade before i mount my steed.
I have been doing the same most nights loading my 15m charts and seeing what i missed out on, what i think i would have traded and what i would have let go.
  • #196
  • Aug 3, 2010 12:58pm Aug 3, 2010 12:58pm
Guys i have only been looking out for pin bars, just so i am clear about how you are using the volume indicator:

  1. If price moves through an "area" on low volume (white bars) then comes back on the next bar we trade in the direction of the second bar, as in the chart coolshades posted today long?
  2. Same as above but with high volume (red bars)?

So if i understand correctly if we see a white or red bar push price through an area and return back through the area on the next bar we trade?
Thanks for the help guys

Quoting coolshades
am posting this not because i took this trade (i did not) but i have been keeping an eye on volume trades and the p/a off psych levels etc and in my opinion there is about 70% win rate on these trades.

the A+ volume trades alone have about 90% win rates. i have no data to back this up so pls dont ask me back test data. however i have been keeping an eye on volume trades alone and they are incredibly successful.

for those who want to know what an A+ volume trade is search for commander's response to lovejoy a few months back.
  • #197
  • Aug 3, 2010 2:29pm Aug 3, 2010 2:29pm
Quoting coolshades
you have not missed many 15 m trades. i have been office based the last 4-5 days and there havent been that many. plus i always load charts at nite and see what i missed and july was a very slow month for this system.

i am supposed to be in kent tomorrow, so hope i have time to do the 8 am trade before i mount my steed.
I believe the summer months are normally pretty lethargic! I'm not entirely sure why that is but it does often seem to be the case. Too many bankers on summer holidays I guess!

I must admit I had a similar issue, and the problem with the Central banks system is that it's not always possible to be there to trade. I was out in Wimborne on Monday instead of being in the office and so I missed the NY trade... lucky for me nothing really came of it but it would be annoying if you missed the big win trade!
  • #198
  • Aug 3, 2010 2:36pm Aug 3, 2010 2:36pm
Quoting bez3000
Guys i have only been looking out for pin bars, just so i am clear about how you are using the volume indicator:

  1. If price moves through an "area" on low volume (white bars) then comes back on the next bar we trade in the direction of the second bar, as in the chart coolshades posted today long?
  2. Same as above but with high volume (red bars)?

So if i understand correctly if we see a white or red bar push price through an area and return back through the area on the next bar we trade?
Thanks for the help guys

You're on the right track there!

My thinking is that if price is going down and you get a big high volume push (the high volume white bar) into support but price doesn't continue down - it goes back up; begs the question "are the pro's really interested in lower prices?". If we have an instant move back up the answer to me is most likely not, it was a move down to trap sellers and get a good price to buy. Reverse for high volume buying.

Note that these reversal signals should take place at a swing high or low in order to be valid (much in the same way as PA should be).

Hope that helps!

Regards,

Dan
  • #199
  • Aug 3, 2010 3:16pm Aug 3, 2010 3:16pm
Thanks for the response Dan so when you say "high volume white bar" would you not trade a red bar the same way?
Would you only consider trading it at a swig high/low that pushes through the marked pivot / RN areas?


Quoting DanUK
You're on the right track there!

My thinking is that if price is going down and you get a big high volume push (the high volume white bar) into support but price doesn't continue down - it goes back up; begs the question "are the pro's really interested in lower prices?". If we have an instant move back up the answer to me is most likely not, it was a move down to trap sellers and get a good price to buy. Reverse for high volume buying.

Note that these reversal signals should take place at a swing high or low in order to be valid (much in...
  • #200
  • Aug 4, 2010 3:17am Aug 4, 2010 3:17am
Guys i have attached a chart from this morning i think is a volume trade or possibly two?:

 

  1. Bar 1 is pushed on red bar through RN only to come straight back down again on bar 2 and closes under pivot, should this be a short?
  2. Or would we take bar 2 as the volume bar as its pushed down through the pivot on a white bar only to come back up on bar 3 and close above the pivot (entry at the top of bar 3?)

Your analysis will help me no end.

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