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Intraday price action trend trading

  • #4,601
  • Jul 30, 2010 12:23am Jul 30, 2010 12:23am
Quoting Sutts
Nice bullish momentum on GU. Not looking for longs due to divergence though. Same with EU.
Hi Dave! Yes.The last three bars looked together are at this moment a big down pinbar. (I know, Eric often looks this way at the bars)
  • #4,602
  • Jul 30, 2010 12:25am Jul 30, 2010 12:25am
Quoting Sutts
Nice bullish momentum on GU. Not looking for longs due to divergence though. Same with EU.
EU seems to have a bit more room to scalp a few till it gets to its resistance??
Stop killing our Oceans, Stop using single use plastics.
  • #4,603
  • Jul 30, 2010 12:34am Jul 30, 2010 12:34am
Quoting Milton
Hi Dave! Yes.The last three bars looked together are at this moment a big down pinbar. (I know, Eric often looks this way at the bars)
Hi Milton, good to see you're still around. Combining bars like that is a clever trick.
  • #4,604
  • Jul 30, 2010 12:35am Jul 30, 2010 12:35am
Quoting jakdan
EU seems to have a bit more room to scalp a few till it gets to its resistance??
Not sure, EU momentum seems to be bearish to me now. I think I'll start looking for short entries now we have that last big M15 bearish momentum bar in place.
Any thoughts?
  • #4,605
  • Jul 30, 2010 12:45am Jul 30, 2010 12:45am
looks like your right, i was waiting for another ride up to the top of the channel, (what do i ????????????)
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 18 KB


Quoting Sutts
Not sure, EU momentum seems to be bearish to me now. I think I'll start looking for short entries now we have that last big M15 bearish momentum bar in place.
Any thoughts?
Stop killing our Oceans, Stop using single use plastics.
  • #4,606
  • Jul 30, 2010 12:46am Jul 30, 2010 12:46am
Just waiting for a pullback on EU now.

Not sure about GU. That big bullish momentum bar before the fall makes it difficult to call a change in momentum. Perhaps I need to wait for a decisive momentum break of the M15 fractal before I switch to shorts? Dunno.
  • #4,607
  • Jul 30, 2010 12:52am Jul 30, 2010 12:52am
Stop killing our Oceans, Stop using single use plastics.
  • #4,608
  • Jul 30, 2010 12:59am Jul 30, 2010 12:59am
Bullish outside bar put me off shorting GU now.
  • #4,609
  • Edited 1:21am Jul 30, 2010 1:05am | Edited 1:21am
Took the IB short on EU. Aiming for next demand zone around 1.3024

UPDATE: Cut with +13. 15M looks like recovering.
Attached Image (click to enlarge)
Click to Enlarge Name: 20100730_1.JPG Size: 45 KB
  • #4,610
  • Jul 30, 2010 1:13am Jul 30, 2010 1:13am
Quoting Sutts
Took the IB short on EU. Aiming for next demand zone around 1.3024

nice work,
  • #4,611
  • Jul 30, 2010 1:24am Jul 30, 2010 1:24am
Quoting dzero
nice work,
Thanks.
  • #4,612
  • Jul 30, 2010 1:24am Jul 30, 2010 1:24am
Quoting Sutts
Took the IB short on EU. Aiming for next demand zone around 1.3024

UPDATE: Cut with +13. 15M looks like recovering.
should get round 2?
i missed the first i needed to do the dishes
Stop killing our Oceans, Stop using single use plastics.
  • #4,613
  • Jul 30, 2010 1:27am Jul 30, 2010 1:27am
Quoting Sutts
Bullish outside bar put me off shorting GU now.
its winding up
Stop killing our Oceans, Stop using single use plastics.
  • #4,614
  • Jul 30, 2010 1:29am Jul 30, 2010 1:29am
Quoting jakdan
should get round 2?
i missed the first i needed to do the dishes
Shame but plenty more opportunities around the corner.

I don't think I'll take the next IB break as I don't like selling into strong demand. If you see how price shot out of that 3024 level last time then you can see why I'm worried.
  • #4,615
  • Jul 30, 2010 1:30am Jul 30, 2010 1:30am
  •  Xpsb
  • | Joined Mar 2010 | Status: That's a Gate ahead not a Wall | 36 Posts
Quoting jakdan
looks like your right, i was waiting for another ride up to the top of the channel, (what do i ????????????)Attachment
EUR/USD 15 min would Sho have seen this as an exhaustion bar with Divergence being used to identify a possible change in direction/reversal?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur-usd-exhaustion.png Size: 60 KB
Click to Enlarge Name: eur-usd-reversal.png Size: 39 KB
  • #4,616
  • Jul 30, 2010 1:33am Jul 30, 2010 1:33am
M15 triangle has just broken to downside. Looking for momentum and break of demand zone just below before considering shorts though.
  • #4,617
  • Jul 30, 2010 1:35am Jul 30, 2010 1:35am
Quoting Xpsb
EUR/USD 15 min would Sho have seen this as an exhaustion bar with Divergence being used to identify a possible change in direction/reversal?
I guess experienced players would have taken the short break of that M15 IB after the clear divergence. I'm not that confident yet.
  • #4,618
  • Jul 30, 2010 1:37am Jul 30, 2010 1:37am
  •  Xpsb
  • | Joined Mar 2010 | Status: That's a Gate ahead not a Wall | 36 Posts
Quoting Sutts
I guess experienced players would have taken the short break of that M15 IB after the clear divergence. I'm not that confident yet.
Me neither, but hoping to get there
  • #4,619
  • Jul 30, 2010 1:40am Jul 30, 2010 1:40am
Seems you guys are working very well

Ant, thief my portion too. Still at work, see you all 2 hrs later on.

Happy trading all
City
  • #4,620
  • Jul 30, 2010 1:43am Jul 30, 2010 1:43am
Quoting Buildcity
Seems you guys are working very well

Ant, thief my portion too. Still at work, see you all 2 hrs later on.

Happy trading all
City
See ya later Eric.
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