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Intraday price action trend trading

  • #4,961
  • Aug 10, 2010 12:38pm Aug 10, 2010 12:38pm
Quoting Fxfighter
What broker are you with?I think Oanda ,Fxpro etc.provide pretty good spreads.
Thanks FX, I'm with FXCM at the moment. I typically get 2 pip spread on EU, 3 on GU and 4 on USDCAD. I try to avoid anything with a spread more than 4.
Does that sound reasonable?
  • #4,962
  • Aug 10, 2010 1:26pm Aug 10, 2010 1:26pm
nice +45 GPB/USD price was moving so fast
  • #4,963
  • Aug 10, 2010 1:30pm Aug 10, 2010 1:30pm
price move so fast could post chart
  • #4,964
  • Aug 10, 2010 1:33pm Aug 10, 2010 1:33pm
we could get some a++ trades out of the retraces????
thats if it does retrace
Stop killing our Oceans, Stop using single use plastics.
  • #4,965
  • Aug 10, 2010 1:46pm Aug 10, 2010 1:46pm
agreed I have several setups in the waiting right now
  • #4,966
  • Aug 10, 2010 1:52pm Aug 10, 2010 1:52pm
Quoting jj7000
agreed I have several setups in the waiting right now
me too, UJ EU and GU, 2 X M15 candles, and an inside bar?? we will see
cheers ant
and the DOW
Stop killing our Oceans, Stop using single use plastics.
  • #4,967
  • Aug 10, 2010 1:52pm Aug 10, 2010 1:52pm
  •  Xpsb
  • | Joined Mar 2010 | Status: That's a Gate ahead not a Wall | 36 Posts
Quoting Sutts
Thanks FX, I'm with FXCM at the moment. I typically get 2 pip spread on EU, 3 on GU and 4 on USDCAD. I try to avoid anything with a spread more than 4.
Does that sound reasonable?
Sutts, stick with the major Pairs they have the volatility required and usually spread within your target for day trading.( have to admit too avoiding USD/YEN as the safe haven rep of both leaves me a bit confused). Have missed today's opportunities because of other commitments which is always a bit annoying but a fact of life and as is stated regularly there will always be another trade just around the corner. Keep your patience even when stopped out, you will come through.

Apologies if you're aware but A useful tool http://www.forexfactory.com/market.php shows a selection of spreads available from various brokers.
  • #4,968
  • Aug 10, 2010 1:56pm Aug 10, 2010 1:56pm
  •  Xpsb
  • | Joined Mar 2010 | Status: That's a Gate ahead not a Wall | 36 Posts
Quoting jakdan
me too, UJ EU and GU, 2 X M15 candles, and an inside bar?? we will see
cheers ant
Careful guys there're some big Bars around at the moment following the recent US News
  • #4,969
  • Aug 10, 2010 1:58pm Aug 10, 2010 1:58pm
Quoting Xpsb
Careful guys there're some big Bars around at the moment following the recent US News
thats what we like MOMENTUM,
but as always we will be cautious thanks,
cheers ant
Stop killing our Oceans, Stop using single use plastics.
  • #4,970
  • Aug 10, 2010 2:00pm Aug 10, 2010 2:00pm
Quoting jakdan
me too, UJ EU and GU, 2 X M15 candles, and an inside bar?? we will see
cheers ant
and the DOW
good luck and I hope we can get some more good action
  • #4,971
  • Aug 10, 2010 2:02pm Aug 10, 2010 2:02pm
  •  Xpsb
  • | Joined Mar 2010 | Status: That's a Gate ahead not a Wall | 36 Posts
Quoting jakdan
thats what we like MOMENTUM,
but as always we will be cautious thanks,
cheers ant
momentum is good but sometimes irrational . Good hunting all
  • #4,972
  • Aug 10, 2010 2:34pm Aug 10, 2010 2:34pm
pin and IB on EU and DOW, to fisky for me tho, to late? ideal for a thief like Eric
ant
EDIT: RISKY, HAHA
Stop killing our Oceans, Stop using single use plastics.
  • #4,973
  • Aug 10, 2010 2:52pm Aug 10, 2010 2:52pm
Quoting jakdan
pin and IB on EU and DOW, to fisky for me tho, to late? ideal for a thief like Eric
ant
EDIT: RISKY, HAHA

We are thinking alike, I am not taking a trade right now, if it takes off oh well, there will be another trade around the corner. I feel like it has lost a lot of steam.
  • #4,974
  • Aug 11, 2010 1:58am Aug 11, 2010 1:58am
What was wrong? I went long eurusd at the opening of the bar with the cross after the pinbar with the arrow. The pinbar was rejected from round number 1.3050, it was also a sup/res line from previous price action and a bullish divergence with the stoch (confluence of 3 indications!). Stopped out -20 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 14 KB
  • #4,975
  • Aug 11, 2010 2:05am Aug 11, 2010 2:05am
sell dow 10588, m15 classic set up, cant post charts computer running as slow as the markets
Stop killing our Oceans, Stop using single use plastics.
  • #4,976
  • Aug 11, 2010 2:12am Aug 11, 2010 2:12am
Quoting Milton
What was wrong? I went long eurusd at the opening of the bar with the cross after the pinbar with the arrow. The pinbar was rejected from round number 1.3050, it was also a sup/res line from previous price action and a bullish divergence with the stoch (confluence of 3 indications!). Stopped out -20 pips.
my opinion? although it was pin bar the next bar didnt go higher, it was against the trend? S/R does get broken? divergence should only be used for exit, thats just my take on it, a bit to risky, to many ???????
cheers ant
Stop killing our Oceans, Stop using single use plastics.
  • #4,977
  • Aug 11, 2010 2:17am Aug 11, 2010 2:17am
Quoting jakdan
my opinion? although it was pin bar the next bar didnt go higher, it was against the trend? S/R does get broken? divergence should only be used for exit, thats just my take on it, a bit to risky, to many ???????
cheers ant
Thank you. I thought, it had to be at least a retrace, but: trade what you see not what you think!
  • #4,978
  • Aug 11, 2010 2:21am Aug 11, 2010 2:21am
Quoting Milton
Thank you. I thought, it had to be at least a retrace, but: trade what you see not what you think!
Hi Milton,

IMHO, the trade was against the momentum.., even the Keltner was angling down.
  • #4,979
  • Aug 11, 2010 2:28am Aug 11, 2010 2:28am
Quoting paapi
Hi Milton,

IMHO, the trade was against the momentum.., even the Keltner was angling down.
Yes. You are right. Momentum FIRST!
  • #4,980
  • Aug 11, 2010 2:33am Aug 11, 2010 2:33am
What do you think about gbpusd: could it go down? Broke through resistance line (yellow line), retested it and went down, also a retrace 50% Fib, momentum down.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 29 KB
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