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Intraday price action trend trading

  • #4,701
  • Aug 2, 2010 5:57am Aug 2, 2010 5:57am
Looks like the GU daily resistance was a tough nut to crack. Perhaps we might see a change in momentum now?

Lack of recent momentum and obvious resistance above made me skip that long on GU.
  • #4,702
  • Aug 2, 2010 5:59am Aug 2, 2010 5:59am
Quoting Sutts
Looks like the GU daily resistance was a tough nut to crack. Perhaps we might see a change in momentum now?
Chance on EJ right now (short)
  • #4,703
  • Aug 2, 2010 6:04am Aug 2, 2010 6:04am
Quoting Buildcity
Chance on EJ right now (short)
Thanks for the heads up Eric. I'll leave EJ to the pros though. Just EU and GU for me right now.
  • #4,704
  • Aug 2, 2010 6:04am Aug 2, 2010 6:04am
Quoting Buildcity
Chance on EJ right now (short)
Real quick one
Attached Image
  • #4,705
  • Aug 2, 2010 6:08am Aug 2, 2010 6:08am
Quoting Buildcity
Real quick one
Nice one.
  • #4,706
  • Aug 2, 2010 6:28am Aug 2, 2010 6:28am
Quoting Sutts
Looks like the GU daily resistance was a tough nut to crack. Perhaps we might see a change in momentum now?

Lack of recent momentum and obvious resistance above made me skip that long on GU.
Maybe that was a mistake. Oh well. Better safe than sorry.
  • #4,707
  • Aug 2, 2010 6:59am Aug 2, 2010 6:59am
What a horrible sideways mess EU has been today. 34 pips movement all day.
  • #4,708
  • Aug 2, 2010 7:10am Aug 2, 2010 7:10am
Hi folks!

Havent been posting much since im thoroughly scanning charts and going mad topping a "mental resistance" lol! they say that confusion is a sign of clarity being nearby or something like that

Well, since ive been reading through the threads, watching comments, and scanning charts, my "noobie" conclusion is this:

1) Sho uses only the 15m chart to trade since he can see on this one chart the swings that occur on higher and lower timeframes.

Is this correct?

If so, ive noticed that i *personally* find it a bit hard to see the swings form on one chart.

So what ive been doing is marking my keay areas on 1h/4h/d1, and scanning the chart up and down on 5m/15m/30m for these swings to appear.

If im correct, this is in essence what you more accustomed folks are doing with the difference that you DONT scan TF's since you see it all on one timeframe, the 15m.

Sorry to butt in with this but to me it is something i wanted to share.

Maybe others can start to see this aswell.

If im wrong please correct me and thanks for this thread. Its sweet!

Pip
  • #4,709
  • Aug 2, 2010 7:24am Aug 2, 2010 7:24am
Quoting Pipalicious
Hi folks!

Havent been posting much since im thoroughly scanning charts and going mad topping a "mental resistance" lol! they say that confusion is a sign of clarity being nearby or something like that

Well, since ive been reading through the threads, watching comments, and scanning charts, my "noobie" conclusion is this:

1) Sho uses only the 15m chart to trade since he can see on this one chart the swings that occur on higher and lower timeframes.

Is this correct?

If so, ive noticed that i *personally* find it a bit hard to see the swings...
We watch impulse and corrective moves on M15 only. S/R levels can be taken from higher T/F though such as D1/H4/H1 though. I don't believe reference to swings on higher timeframes is necessary, other than taking note of the associated S/R levels to keep you out of trouble.
  • #4,710
  • Aug 2, 2010 7:40am Aug 2, 2010 7:40am
Do you think EU might try to catch up with GU now?
  • #4,711
  • Aug 2, 2010 8:00am Aug 2, 2010 8:00am
A+ Setup, quick trade,
Attached Image (click to enlarge)
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  • #4,712
  • Aug 2, 2010 8:19am Aug 2, 2010 8:19am
Quoting jj7000
A+ Setup, quick trade,
Well done, did you reach your target? I never have much luck with that pair - doesn't seem to move much when I take an interest.
  • #4,713
  • Aug 2, 2010 8:28am Aug 2, 2010 8:28am
Quoting Sutts
Well done, did you reach your target? I never have much luck with that pair - doesn't seem to move much when I take an interest.

I got out when I saw a rejection of the round number. But positive pips !
  • #4,714
  • Aug 2, 2010 8:31am Aug 2, 2010 8:31am
Quoting jj7000
I got out when I saw a rejection of the round number. But positive pips !

Good stuff.
  • #4,715
  • Aug 2, 2010 8:35am Aug 2, 2010 8:35am
Not sure if momentum has turned negative on GU now?
  • #4,716
  • Aug 2, 2010 8:47am Aug 2, 2010 8:47am
This time A++++ setup
Attached Image (click to enlarge)
Click to Enlarge Name: quick trade 2.gif Size: 22 KB
  • #4,717
  • Aug 2, 2010 8:52am Aug 2, 2010 8:52am
Hey Dave, Eric and all nice trading this morning. Busy at work and missed some of the fun

Kurt
  • #4,718
  • Aug 2, 2010 8:54am Aug 2, 2010 8:54am
Quoting TheRoper
Hey Dave, Eric and all nice trading this morning. Busy at work and missed some of the fun

Kurt
Hi Kurt, I'm sure there's plenty more pips for you mate
  • #4,719
  • Aug 2, 2010 8:56am Aug 2, 2010 8:56am
Next trade GU. Got in early again (at yellow line) and have moved to B/E.
Attached Image
  • #4,720
  • Aug 2, 2010 8:56am Aug 2, 2010 8:56am
I hope so, you guys are loading up the Truck

Quoting Sutts
Hi Kurt, I'm sure there's plenty more pips for you mate
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