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Intraday price action trend trading

  • #4,621
  • Jul 30, 2010 3:47am Jul 30, 2010 3:47am
Quoting Sutts
GU M15 triangle has just broken to downside. Looking for momentum and break of demand zone just below before considering shorts though.
Lots of support and we're back inside the triangle. Perhaps we'll see a nice break to the upside instead.
  • #4,622
  • Jul 30, 2010 4:03am Jul 30, 2010 4:03am
I'd be selling EU here but that mean looking H1 bullish pin has put me off.
  • #4,623
  • Jul 30, 2010 4:14am Jul 30, 2010 4:14am
  •  Xpsb
  • | Joined Mar 2010 | Status: That's a Gate ahead not a Wall | 36 Posts
Quoting Sutts
I'd be selling EU here but that mean looking H1 bullish pin has put me off.
agree appears to be a strong demand level,
  • #4,624
  • Jul 30, 2010 4:16am Jul 30, 2010 4:16am
  •  Xpsb
  • | Joined Mar 2010 | Status: That's a Gate ahead not a Wall | 36 Posts
does that last EU 15M bar (10:00 BST) qualify as an IB? the OC are inside the OC of the previous bar
  • #4,625
  • Jul 30, 2010 4:19am Jul 30, 2010 4:19am
Quoting Xpsb
does that last 15M bar qualify as an IB?

It isn't on my charts.
  • #4,626
  • Jul 30, 2010 4:22am Jul 30, 2010 4:22am
Quoting Sutts
I'd be selling EU here but that mean looking H1 bullish pin has put me off.
Oh well, I guess that's why Sho ignores bars on higher timescales.

That would have been a very nice trade.
  • #4,627
  • Jul 30, 2010 4:22am Jul 30, 2010 4:22am
Quoting Sutts
I'd be selling EU here but that mean looking H1 bullish pin has put me off.
Sho mention that if you are trading 15min chart then stick to it and don’t change it, as each timeframe can show you different information. I took this short, now BE.
  • #4,628
  • Jul 30, 2010 4:25am Jul 30, 2010 4:25am
Quoting Xpsb
does that last EU 15M bar (10:00 BST) qualify as an IB? the OC are inside the OC of the previous bar
I've always looked for the entire bar to be inside the previous bar. I think Sho uses that definition too but I could be wrong.
  • #4,629
  • Jul 30, 2010 4:26am Jul 30, 2010 4:26am
Quoting dzero
Sho mention that if you are trading 15min chart then stick to it and don’t change it, as each timeframe can show you different information. I took this short, now BE.
Well done, I'm kicking myself now. Watch that demand zone around 3024 though. I think I might have closed there.

Strong H1 level at 3016 too.
  • #4,630
  • Jul 30, 2010 4:31am Jul 30, 2010 4:31am
Quoting Sutts
Well done, I'm kicking myself now. Watch that demand zone around 3024 though. I think I might have closed there.

Thanks! I took profit as it was almost 2:1. Now took AUD/USD short.
  • #4,631
  • Jul 30, 2010 4:32am Jul 30, 2010 4:32am
Quoting dzero
Thanks! I took profit as it was almost 2:1. Now took AUD/USD short.
Hey, you're on a roll!
  • #4,632
  • Jul 30, 2010 4:34am Jul 30, 2010 4:34am
  •  Xpsb
  • | Joined Mar 2010 | Status: That's a Gate ahead not a Wall | 36 Posts
Quoting Sutts
Well done, I'm kicking myself now. Watch that demand zone around 3024 though. I think I might have closed there.

Strong H1 level at 3016 too.
Well done dzero. The lesson here for us Sutts, is trust the method and fix our eyes on the 15M chart
  • #4,633
  • Jul 30, 2010 4:35am Jul 30, 2010 4:35am
I've got a feeling EU is about to turn back upwards from here but waiting for bullish momentum to confirm of course.
  • #4,634
  • Jul 30, 2010 4:35am Jul 30, 2010 4:35am
Quoting Xpsb
Well done dzero. The lesson here for us Sutts, is trust the method and fix our eyes on the 15M chart
Agreed. Lots of bad habits to break I'm afraid.
  • #4,635
  • Jul 30, 2010 4:39am Jul 30, 2010 4:39am
Quoting trade price
good morning all

i am watching GU
to DAVE
HOW R U MY MAN.have u been hiding.

Attachment
Hi Sho! I've been out of the game for a while to make ends meet but have been reviewing trades on a night and I hope I'm coming back a little wiser and a LOT less trigger happy.

Thanks for your continued input. It really is a great thread.
  • #4,636
  • Jul 30, 2010 4:40am Jul 30, 2010 4:40am
Quoting trade price
good morning all

i am watching GU
to DAVE
HOW R U MY MAN.have u been hiding.

Attachment

Hi Sho,
Nice to see you, thanks for your effort to this thread and method, lot have been learned.
Cold you explain how you are going to play this GU you show.
Thanks!
  • #4,637
  • Jul 30, 2010 4:47am Jul 30, 2010 4:47am
  •  Xpsb
  • | Joined Mar 2010 | Status: That's a Gate ahead not a Wall | 36 Posts
Quoting trade price
it was not an IB but it was a continuation pattern.
Thanks Sho
  • #4,638
  • Jul 30, 2010 4:50am Jul 30, 2010 4:50am
Quoting trade price
it was not an IB but it was a continuation pattern.
timberrrrrrrrrrr
Stop killing our Oceans, Stop using single use plastics.
  • #4,639
  • Jul 30, 2010 4:50am Jul 30, 2010 4:50am
Quoting Sutts
I've got a feeling EU is about to turn back upwards from here but waiting for bullish momentum to confirm of course.
Ha ha, think I better ignore my gut feel. Good job price action is my master now.
  • #4,640
  • Jul 30, 2010 4:54am Jul 30, 2010 4:54am
Quoting trade price
chart for you
Thanks Sho. Could we have entered at the close of the momentum breakout bar or is it best to wait for a pullback first?
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