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Intraday price action trend trading

  • #5,461
  • Sep 7, 2010 8:46am Sep 7, 2010 8:46am
Thanks for the advise Kurt,
i learn a lot

Vashe

Quoting TheRoper
Very Nice Vashe you are learning
~ Patience is the Key ~
  • #5,462
  • Sep 7, 2010 8:51am Sep 7, 2010 8:51am
what do u thing guys?
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  • #5,463
  • Sep 7, 2010 9:15am Sep 7, 2010 9:15am
enter long EU

Edit: stop - 10pip, maybe that red candle was the momentum, so we'r going down, not up as i thought...
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  • #5,464
  • Sep 7, 2010 9:17am Sep 7, 2010 9:17am
hi tony,
imho, i think there's 2 possibilities here,
it can be a corrective move (wait a chance to pull the trigger long)
or it will be impulse move if it can brake the lower bar,
i think we should wait for now, should monitoring the direction of KC too,
if anybody put the same nice trade like Kurt did, they already took about 12-20 (update) nice pips
i'm also learning, please correct me if i'm wrong

Have a Nice trading
Vashe

Quoting tonysep
what do u thing guys?
~ Patience is the Key ~
  • #5,465
  • Sep 7, 2010 9:18am Sep 7, 2010 9:18am
Quoting TheRoper
EURUSD Long

UPDATE: Closed +20

Hi Kurt

If I understand correctl. You are entering on the opening of the 15m candle you have marked. Do you go to a lower time fram at all to confirm your entry?

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,466
  • Sep 7, 2010 9:24am Sep 7, 2010 9:24am
Quoting vashe
hi tony,
imho, i think there's 2 possibilities here,
it can be a corrective move (wait a chance to pull the trigger long)
or it will be impulse move if it can brake the lower bar,
i think we should wait for now, should monitoring the direction of KC too,
if anybody put the same nice trade like Kurt did, they already took about 12-20 (update) nice pips
i'm also learning, please correct me if i'm wrong

Have a Nice trading
Vashe
so it was an impulse, but I chase the market, and got the lesson...
  • #5,467
  • Sep 7, 2010 9:34am Sep 7, 2010 9:34am
Hey Rufus,

Great to see you hear with us. I pulled the trigger just before the close of the big momuntum bar. I like to enter as close to the close of the bar as possible as sometime as soon as the next bar opens price travels away too fast.

The small arrow is where my trading platform indicates the bar I entered on.

Quoting Rufus
Hi Kurt

If I understand correctl. You are entering on the opening of the 15m candle you have marked. Do you go to a lower time fram at all to confirm your entry?

Rufus
  • #5,468
  • Sep 7, 2010 9:42am Sep 7, 2010 9:42am
Quoting TheRoper
Hey Rufus,

Great to see you hear with us. I pulled the trigger just before the close of the big momuntum bar. I like to enter as close to the close of the bar as possible as sometime as soon as the next bar opens price travels away too fast.

The small arrow is where my trading platform indicates the bar I entered on.
Any reason you would not have entered on the 6:15 candle close? Or do you wait for the equity markets to get going?
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,469
  • Edited 10:17am Sep 7, 2010 9:47am | Edited 10:17am
EURGBP SHORT, A little late on this one

UPDATE: Closed +15
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  • #5,470
  • Sep 7, 2010 10:02am Sep 7, 2010 10:02am
I would have if I would have gotten my keester out of bed

The reversals in EURUSD tend to occur around this time. If the price action confirms it and my stop loss is small I will jump in.

Quoting Rufus
Any reason you would not have entered on the 6:15 candle close? Or do you wait for the equity markets to get going?
  • #5,471
  • Sep 7, 2010 10:22am Sep 7, 2010 10:22am
you're riding the chart very nicely Kurt

Vashe

Quoting TheRoper
EURGBP SHORT, A little late on this one

UPDATE: Closed +15
~ Patience is the Key ~
  • #5,472
  • Sep 7, 2010 12:17pm Sep 7, 2010 12:17pm
See what I missed today on EJ. What a busy days.............................
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  • #5,473
  • Sep 7, 2010 12:34pm Sep 7, 2010 12:34pm
Quoting Buildcity
See what I missed today on EJ. What a busy days.............................
I caught one of those for 12 pips.

But I been fooling around getting OneClick to work, I think I got it under control now.
So hopefully I can make some pips tomorrow.
  • #5,474
  • Sep 7, 2010 12:39pm Sep 7, 2010 12:39pm
Quoting jcgibson
I caught one of those for 12 pips.

But I been fooling around getting OneClick to work, I think I got it under control now.
So hopefully I can make some pips tomorrow.
For sharing, Oneclick sometimes didnt work properly. So if you only trade one trade per time, may be the built in function (MT4) is much better. BTW, one-click is an EA, the excution is nonethe less slower than the built-in function.

Eric
  • #5,475
  • Sep 7, 2010 12:41pm Sep 7, 2010 12:41pm
Nice trade Kurt - i was thinking only long at that point due to the previous upward momentum.

useful lesson for me though

thanks
Holy Grail = J16 + F12 x infinity
  • #5,476
  • Sep 7, 2010 12:45pm Sep 7, 2010 12:45pm
EURUSD Short
Update: Closed +15
Attached Image (click to enlarge)
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  • #5,477
  • Sep 7, 2010 12:51pm Sep 7, 2010 12:51pm
That's the way I felt all last week while the auditors were in the office.

Quoting Buildcity
See what I missed today on EJ. What a busy days.............................
  • #5,478
  • Sep 7, 2010 12:53pm Sep 7, 2010 12:53pm
Quoting TheRoper
That's the way I felt all last week while the auditors were in the office.
This week is your, the budgeting stuff did kill me whole day and yet to finish till the week end
  • #5,479
  • Sep 7, 2010 12:55pm Sep 7, 2010 12:55pm
I know you have a BIG bank of PIPS to hold you over though
Quoting Buildcity
This week is your, the budgeting stuff did kill me whole day and yet to finish till the week end
  • #5,480
  • Sep 7, 2010 12:56pm Sep 7, 2010 12:56pm
Quoting Buildcity
For sharing, Oneclick sometimes didnt work properly. So if you only trade one trade per time, may be the built in function (MT4) is much better. BTW, one-click is an EA, the excution is nonethe less slower than the built-in function.

Eric
I agree I am recovering from a hand Operation and next month I am having the other hand done.

I was looking for a way to trade one handed as I have not been able to trade for 3 weeks .
But when it is all done I will be using the ibfx script to trade again.

Thankfor the feedback
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