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Intraday price action trend trading

  • #4,641
  • Jul 30, 2010 4:58am Jul 30, 2010 4:58am
Quoting trade price
chart for you

Thanks for replay Sho. May I ask, so in this case you play it as break of wedge or now waiting for some confirmation? I see its break hard, but in scenario how it would be te better way? Or it is just feeling market movement?
Thanks!
  • #4,642
  • Jul 30, 2010 5:17am Jul 30, 2010 5:17am
Quoting trade price
agressive entry is as soon as it breaks the pattern and stay few seconds outside the pattern(its a feeling).it will give you more reward but many times you will get whipsaw.stop is abouve the last rejection bar inside the pattern.
for coservative wait for...
Thanks for the advice Sho, great stuff.
  • #4,643
  • Jul 30, 2010 5:32am Jul 30, 2010 5:32am
Short below the s/r after the retrace

Still down move
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  • #4,644
  • Jul 30, 2010 5:39am Jul 30, 2010 5:39am
Sorry Sho,

I jumped. (post above)

missed your warning


Quoting trade price
agressive entry is as soon as it breaks the pattern and stay few seconds outside the pattern(its a feeling).it will give you more reward but many times you will get whipsaw.stop is abouve the last rejection bar inside the pattern.
for coservative wait for pull back at the next bar 38% or 50% and entery.for agressive entry you need bit wider stop as well.

for better entry.
if next bar close as a IB or PIN(after retest) that will be the A+ set up.

but i would prefare the agressive entry for pattern trade.more risk = more reward....
  • #4,645
  • Jul 30, 2010 5:52am Jul 30, 2010 5:52am
Quoting trade price
dont worry.
i am sure you are fast enough to save youself.no one else is faster than you here.
you are a super thief.

hu hah ha hah(kung fu)
Hey my master, I still figure out those plays you shown us on "when we are in, you are already out (with profit)"

For Kung Fu, I really trust Dave has been trained very well during his hiding.

Good pips to you Sho
City
  • #4,646
  • Jul 30, 2010 5:59am Jul 30, 2010 5:59am
Quoting Buildcity
I really trust Dave has trained very well during his hiding.http://cdn.forexfactory.com/images/s...m/big_grin.gif
Yep

Your constant referral to supply/demand zones finally got me thinking the right way. Thanks for that.
  • #4,647
  • Jul 30, 2010 6:06am Jul 30, 2010 6:06am
Quoting Sutts
Yep

Your constant referral to supply/demand zones finally got me thinking the right way. Thanks for that.
Many of supply / demand stuff learned from Rob's analysis too.
  • #4,648
  • Jul 30, 2010 6:13am Jul 30, 2010 6:13am
Quoting trade price

hu hah ha hah(kung fu)
loooool!!

reminds me in new karate kid, the kid goes 'it's not karate mum it's kung fu,,' wtf why call it karate kid then arrrrrr
  • #4,649
  • Jul 30, 2010 6:14am Jul 30, 2010 6:14am
Quoting Buildcity
Many of supply / demand stuff learned from Rob's analysis too.
Yes, sorry Rob, your posts have been invaluable.
  • #4,650
  • Jul 30, 2010 6:18am Jul 30, 2010 6:18am
Quoting trade price
agressive entry is as soon as it breaks the pattern and stay few seconds outside the pattern(its a feeling).it will give you more reward but many times you will get whipsaw.stop is abouve the last rejection bar inside the pattern.
for coservative wait for pull back at the next bar 38% or 50% and entery.for agressive entry you need bit wider stop as well.

for better entry.
if next bar close as a IB or PIN(after retest) that will be the A+ set up.

but i would prefare the agressive entry for pattern trade.more risk = more reward....
Thanks Sho, nice and clear explanation!
  • #4,651
  • Jul 30, 2010 6:19am Jul 30, 2010 6:19am
Momentum still seems to be downward on both EU and GU don't you think?
  • #4,652
  • Jul 30, 2010 6:28am Jul 30, 2010 6:28am
For GU, I would prefer to watch a bit more, its stalled now I think.

Quoting Sutts
Momentum still seems to be downward on both EU and GU don't you think?
  • #4,653
  • Jul 30, 2010 6:29am Jul 30, 2010 6:29am
Is that hidden bearish divergence on both pairs too Eric?

Anyhow, they're both sitting on demand zones so I ain't jumping.
  • #4,654
  • Jul 30, 2010 6:32am Jul 30, 2010 6:32am
Ehhh Hi I'm newbie

After I read the another thread for 3 days.

Today I try one and I'm not sure that my entry is correctly.

I just short it when the close of the blue circle.

Ps. sorry about my poor grammar T^T

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and it just hit the stop anyway so I continue to short again.

Is it bad?
  • #4,655
  • Jul 30, 2010 6:34am Jul 30, 2010 6:34am
Momentum changed on EJ,

Closed one by one. Aggressive one. Total +35p

Again, its still rocket rise now.
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  • #4,656
  • Jul 30, 2010 6:36am Jul 30, 2010 6:36am
Quoting Buildcity
Momentum changed on EJ,

Closed one by one. Aggressive one. Total +35p

Again, its still rocket rise now.
I don't know how you do those multiple entries Eric but it sure looks impressive.
  • #4,657
  • Jul 30, 2010 6:40am Jul 30, 2010 6:40am
Quoting Sutts
I don't know how you do those multiple entries Eric but it sure looks impressive.
Dave,

give me some times tonight, I will post my strategy on my thread after trading. May be I'm wrong, but for discussion. Cheers

City
  • #4,658
  • Edited 6:53am Jul 30, 2010 6:41am | Edited 6:53am
EU and GU both look like bearish flags to me and are currently bumping into prior support turned resistance.

Let's see how it reacts to the prior demand zones. HOWEVER, this is far more than a 3 bar pullback which is the max we should be looking for if my memory serves me correctly.
  • #4,659
  • Jul 30, 2010 6:42am Jul 30, 2010 6:42am
Quoting Buildcity
Dave,

give me some times tonight, I will post my strategy on my thread after trading. May be I'm wrong, but for discussion. Cheers

City
Thanks Eric, that would be interesting.
  • #4,660
  • Jul 30, 2010 6:59am Jul 30, 2010 6:59am
Quoting Sutts
EU and GU both look like bearish flags to me and are currently bumping into prior support turned resistance.

Let's see how it reacts to the prior demand zones. HOWEVER, this is far more than a 3 bar pullback which is the max we should be looking for if my memory serves me correctly.
Nope, looking too strong for a turn down now.

Did I miss any early signs of bullish momentum that would have got me into this recent move up?
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