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Intraday price action trend trading

  • #5,381
  • Sep 2, 2010 4:02am Sep 2, 2010 4:02am
Quoting hoichoi
Hi
I took this trade on GU .. anyone who is using this method please correct me ..
I know not every trade we can win but is this a right one.. ? I got stopped out 17 pips .. no biggie..


cheers
I think that your entry was OK (if you were short). I suppose that your SL was exactly at previous high. I usually add at least 2pips and of course we can't forget to add spread when setting SL. That would let you save your position, at least with my broker, where price reached exactly previous high before it went south.

Anyway, this method is not 100% efficient, so from time to time we have losses, that's part of the game.

Cheers,
Peter
  • #5,382
  • Sep 2, 2010 4:13am Sep 2, 2010 4:13am
Quoting faithno
Hi guys after my break from here.

If I were more patient could have had 40pips.

Have a nice day
  • #5,383
  • Sep 2, 2010 4:43am Sep 2, 2010 4:43am
  •  Xpsb
  • | Joined Mar 2010 | Status: That's a Gate ahead not a Wall | 36 Posts
Reason for C/T trade PA rejecting 15374 level 3rd time + divergence on stoch
execution @ 1.5380
close @1.5396
Attached Image (click to enlarge)
Click to Enlarge Name: GU-2010-09-02_1034.png Size: 73 KB
  • #5,384
  • Sep 2, 2010 4:46am Sep 2, 2010 4:46am
Same here mate, but only caught 8

http://www.forexfactory.com/showpost...&postcount=809

Quoting Xpsb
Reason for C/T trade PA rejecting 15374 level 3rd time + divergence on stoch
execution @ 1.5380
close @1.5396
  • #5,385
  • Sep 2, 2010 4:49am Sep 2, 2010 4:49am
  •  Xpsb
  • | Joined Mar 2010 | Status: That's a Gate ahead not a Wall | 36 Posts
Quoting Buildcity
Same here mate, but only caught 8

http://www.forexfactory.com/showpost...&postcount=809
good to see you back from holiday and continuing on top form buddy

Cheers

Neil
  • #5,386
  • Sep 3, 2010 2:12am Sep 3, 2010 2:12am
Sorry for the late post but i was short on this got stopped out and reshort it again.. and cover my loss.
  • #5,387
  • Sep 3, 2010 2:49am Sep 3, 2010 2:49am
As u can see in that pic after that nice pin bar is this a buy signal?

thanks
Attached Image (click to enlarge)
Click to Enlarge Name: GUM15_ff.JPG Size: 24 KB
  • #5,388
  • Sep 3, 2010 3:05am Sep 3, 2010 3:05am
Surely yes, classic

Quoting hoichoi
As u can see in that pic after that nice pin bar is this a buy signal?

thanks
  • #5,389
  • Sep 3, 2010 5:28am Sep 3, 2010 5:28am
How you guys think?
Attached Image (click to enlarge)
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  • #5,390
  • Sep 3, 2010 5:28am Sep 3, 2010 5:28am
guess is break long :o
  • #5,391
  • Sep 3, 2010 5:52am Sep 3, 2010 5:52am
Quoting Sim
guess is break long :o
Now, seems to be a downward break, but could be you are right that the bottom part also a solid ground. Could be a side way run until tonight news......
  • #5,392
  • Sep 3, 2010 5:59am Sep 3, 2010 5:59am
Quoting Buildcity
How you guys think?
In my opinion today's jobs data is likely to be the trigger for some direction after a typically flat August. Until then, the major players are likely to play games with the rest of the world's traders.

Check out the wkly & mthly bars and the direction of the daily trend since the start of August. Apply what we know to the higher time frames and what do they indicate?

I'm still short from 1.5648.

Good luck!
Rob
  • #5,393
  • Sep 3, 2010 6:03am Sep 3, 2010 6:03am
Nice one hoichoi

Have a nice pips guys

Vashe

Quoting hoichoi
As u can see in that pic after that nice pin bar is this a buy signal?

thanks
~ Patience is the Key ~
  • #5,394
  • Sep 3, 2010 6:09am Sep 3, 2010 6:09am
Rob, its a huge from 1.5648, $$$$$$$$$$$$$$$$$$$$$$$$$

Eric






Quoting priceaction
In my opinion today's jobs data is likely to be the trigger for some direction after a typically flat August. Until then, the major players are likely to play games with the rest of the world's traders.

Check out the wkly & mthly bars and the direction of the daily trend since the start of August. Apply what we know to the higher time frames and what do they indicate?

I'm still short from 1.5648.

Good luck!
Rob
  • #5,395
  • Sep 3, 2010 6:55am Sep 3, 2010 6:55am
Quoting Buildcity
Rob, its a huge from 1.5648, $$$$$$$$$$$$$$$$$$$$$$$$$

Eric
Yes it's worked out well so far. A longer term trade which I put on for my time away on holiday.

Let's see what the jobs news does.

Rob
  • #5,396
  • Sep 3, 2010 7:14am Sep 3, 2010 7:14am
Nice Rob i think u ready to take another holiday, hehehe

Have a nice pipss
Vashe

Quoting priceaction
Yes it's worked out well so far. A longer term trade which I put on for my time away on holiday.

Let's see what the jobs news does.

Rob
~ Patience is the Key ~
  • #5,397
  • Sep 3, 2010 7:58am Sep 3, 2010 7:58am
Hi Sho,

i'm very new in this awesome thread that you made,
i want to thank you for kindly sharing your awesome system,
i'm new in this system, i still reviewing the first thread n this one,
for me, this system is a Golden Egg that i seek from so many Eggs a round here ^^'
and i really glad that there are so many kind person in this thread
Eric, Kurt, Rob, Mjurban, JJ, FX, 786, Dave, Alanone, and so many other kind person here (sorry i can't mention one by one, it can be so long... ^^')
these even make the system more perfect,
i want to say thank you so much to all of you guys, i learn so much from you all, and i still learning...
i wish i'm not late to join with you guys,

Have a Nice trading to you All...and Thanks again...
Vashe

Quoting trade price
Afternoon guys.
lovely sunny day.
hope everyone is having great time and making pips!!!!!
~ Patience is the Key ~
  • #5,398
  • Sep 3, 2010 9:05am Sep 3, 2010 9:05am
Hi Rob!

Hi Sho!

Welcome back!

Lets hustle them pipos

All the best,

pip.
  • #5,399
  • Sep 3, 2010 9:17am Sep 3, 2010 9:17am
GU is a bit tricky right now, even the KC is in the uptrend, no confident to trade long...........
Attached Image
  • #5,400
  • Sep 3, 2010 9:31am Sep 3, 2010 9:31am
An interesting situation ...
Attached Image (click to enlarge)
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