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Intraday price action trend trading

  • #4,841
  • Aug 4, 2010 12:24am Aug 4, 2010 12:24am
Morning traders,
took this one, only don't like previous support, lets see.
Attached Image (click to enlarge)
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  • #4,842
  • Aug 4, 2010 12:36am Aug 4, 2010 12:36am
Quoting dzero
Morning traders,
took this one, only don't like previous support, lets see.
Hi

Same time, i'd entered on eur/usd, but it turned tables on me. so got out earlier.., now feeling better that i got out. I think so is the case with gu.., no momentum due to its being asian session, but i'm still wishing u all the best.
  • #4,843
  • Aug 4, 2010 1:01am Aug 4, 2010 1:01am
My plan was cut it after third bar, any result but finally it gave me +7, i get out with small profit. And look i did correct, now waiting for London.
  • #4,844
  • Aug 4, 2010 1:08am Aug 4, 2010 1:08am
Quoting 786 trading
Thanks Eric and Kodflakes. I fond my two weaknesses and lesson learned:
1) I never see news while trading
2) I am weak in identifying the s/r and demmand/supply.

I will read stuff again, Sho and Rob has explained it many times but I am not a good student....
Keep the faith my friend.

You are wise to learn from others.

You will be successful.

  • #4,845
  • Aug 4, 2010 1:43am Aug 4, 2010 1:43am
Quoting dzero
My plan was cut it after third bar, any result but finally it gave me +7, i get out with small profit. And look i did correct, now waiting for London.

guys i'm new here can anyone tell me please what London Open means and how it works on our markets.

thanks
  • #4,846
  • Edited 2:08am Aug 4, 2010 2:04am | Edited 2:08am
Quoting nishantforex
guys i'm new here can anyone tell me please what London Open means and how it works on our markets.

thanks
Hi,

London open means.., when the London market starts operating. There are four sessions in forex.., Australian session, Asian Session, London session, and New York session, which would be overlapping each other and will be running 24 hours a day. To elaborate, Australian and Asian sessions are not that volatile most of the time, but starting London, the markets will come to life almost always and will go on to continue to New York session till Australian again begins. Hope this helps.
  • #4,847
  • Aug 4, 2010 2:07am Aug 4, 2010 2:07am
  •  Xpsb
  • | Joined Mar 2010 | Status: That's a Gate ahead not a Wall | 36 Posts
Quoting nishantforex
guys i'm new here can anyone tell me please what London Open means and how it works on our markets.

thanks
Time for School, take your time to understand what is contained here
http://www.babypips.com/school/
  • #4,848
  • Aug 4, 2010 3:17am Aug 4, 2010 3:17am
Is this going to be another choppy day? is any major news coming out?
  • #4,849
  • Aug 4, 2010 3:27am Aug 4, 2010 3:27am
Cable back up to where it closed out Tuesday in North America, namely 1.5950. Technical resistance 1.5968, stops seen though 1.5970.

Barrier option interest 1.6000.
Oh and I nearly forgot; decent-sized sell orders just ahead of 1.6000.
====================================================
Does this mean that we should see 1.6 shortly after 68 is breached??
  • #4,850
  • Aug 4, 2010 3:28am Aug 4, 2010 3:28am
Quoting paapi
Is this going to be another choppy day? is any major news coming out?
http://www.forexfactory.com/
  • #4,851
  • Aug 4, 2010 3:44am Aug 4, 2010 3:44am
price break out the lower red TL of the triangle and retest,show two pin bar then I'm in . any comment?
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  • #4,852
  • Aug 4, 2010 4:26am Aug 4, 2010 4:26am
Keep to the basics guys.

If it is choppy or no clear direction, rather stay out.

That is also a win.

Do not speculate. Keep it simple.

  • #4,853
  • Aug 4, 2010 4:27am Aug 4, 2010 4:27am
Quoting blackmovie
price break out the lower red TL of the triangle and retest,show two pin bar then I'm in . any comment?
Hi Blackmovie,
Nice entry bounced from resistance,RN.
Happy trading to you.

FX
  • #4,854
  • Aug 4, 2010 4:29am Aug 4, 2010 4:29am
Quoting matlobien
Keep to the basics guys.

If it is choppy or no clear direction, rather stay out.

That is also a win.

Do not speculate. Keep it simple.

Lucky my trading room is closed today...........
  • #4,855
  • Aug 4, 2010 4:54am Aug 4, 2010 4:54am
Quoting Buildcity
Lucky my trading room is closed today...........
You are a wise man indeed.

  • #4,856
  • Aug 4, 2010 5:10am Aug 4, 2010 5:10am
Quoting matlobien
You are a wise man indeed.

No Man, honest, I just too busy today and cant play.

BTW, could be a good short on GU now.....
  • #4,857
  • Aug 4, 2010 5:12am Aug 4, 2010 5:12am
Quoting Buildcity
Lucky my trading room is closed today...........
You haven't miss anything, as i cant find any good opportunity to trade. Have try some but most with +1 to 2 pip.

How about others did anyone find some good setups?
  • #4,858
  • Aug 4, 2010 5:22am Aug 4, 2010 5:22am
Quoting Buildcity
BTW, could be a good short on GU now.....
So far no confirmation signal
  • #4,859
  • Aug 4, 2010 5:48am Aug 4, 2010 5:48am
Quoting Buildcity
Lucky my trading room is closed today...........
Then please may I have my $399 refund back hahah
  • #4,860
  • Aug 4, 2010 6:24am Aug 4, 2010 6:24am
Quoting Sim
Then please may I have my $399 refund back hahah
Hi all,

I had +15 pip on AUD/usd., found an inside bar with top KC as support.
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