a bit late to post but I'm buying this one..
Attached Image (click to enlarge)
Intraday price action trend trading
One tip for you: don't focus so much on the spread (...)
With that said, I use Advanced Markets (amifx), and find both their spreads and execution acceptable. PFG Best is another that's ok. I'd stay away from FXCM though (I have/have had live accounts with all 3). Best wishes...
By the way I am aware that this is not a broker thread
- #5,767
- Oct 26, 2010 9:31am Oct 26, 2010 9:31am
- | Joined Apr 2008 | Status: Trader | 1,171 Posts
Jesus Christ is my only Lord !
- #5,768
- Oct 26, 2010 10:17am Oct 26, 2010 10:17am
A lot of good possibilities today hope you all are green! Here is the most recent on eu for me, good standard setup, took profit at 1:1 as its already had a couple of impulsive moves under its belt
- #5,771
- Oct 26, 2010 11:52am Oct 26, 2010 11:52am
- Joined Nov 2009 | Status: Trader | 1,093 Posts
new set up..there's a tripple bottoms but the downward speed from higher timeframe seems so strong and we have an impulsive move. The slope of channel is still slightly down, the bar is right at 38.2 fib retrace from last swing
- #5,772
- Edited 12:00pm Oct 26, 2010 11:54am | Edited 12:00pm
- Joined Nov 2009 | Status: Trader | 1,093 Posts
- #5,773
- Oct 26, 2010 12:16pm Oct 26, 2010 12:16pm
- Joined Nov 2009 | Status: Trader | 1,093 Posts
stopped out on 15 min timeframe
- #5,775
- Oct 27, 2010 10:09am Oct 27, 2010 10:09am
We had some very good momentum down, up and down again on GU.
Hope you all made some good pips today.
And now its come back to the origin of the first push up. 
Btw, i only got some of the up move. Im still to slow to readjust my brain to trade it back down. Was thinking it might push back up again being it formed flag pattern in my eyes.
But its good to always have something to work on
- #5,776
- Oct 28, 2010 1:48am Oct 28, 2010 1:48am
Yepp
Btw, i only got some of the up move. Im still to slow to readjust my brain to trade it back down. Was thinking it might push back up again being it formed flag pattern in my eyes.
But its good to always have something to work on
Yesterday was one of those days.
The beauty of this method is that even though I was wrong twice yesterday, I still made my target pips.
The protection is the small sl.
Trade safe.
- #5,777
- Edited 5:49am Oct 28, 2010 5:37am | Edited 5:49am
As I didnt fully grasp the movement of gu yesterday I took and put down some thoughts on a chart, how I viewed things and things I was unsure of, so it would be absolutely great to have some feedback
When I finished I suddenly noticed that it was quite a lot so I put some numbers on the boxes I wrote in so it should make it a bit easier if you want to comment on something specific. I also put in some questions but the main thing for me is 2, 4, 7 and 9. Where 4 and 9 is pretty much the same.
And I totally understand its a lot and that I might be asking for to much here guys, but majority of those questions is where I feel im missing the last piece of the puzzle, perhaps im not the only one either so it could possibly benefit others as well.
Again any input is really appreciated If something is not clear just say so and ill try to explain my question/view better.
When I finished I suddenly noticed that it was quite a lot so I put some numbers on the boxes I wrote in so it should make it a bit easier if you want to comment on something specific. I also put in some questions but the main thing for me is 2, 4, 7 and 9. Where 4 and 9 is pretty much the same.
And I totally understand its a lot and that I might be asking for to much here guys, but majority of those questions is where I feel im missing the last piece of the puzzle, perhaps im not the only one either so it could possibly benefit others as well.
Again any input is really appreciated
If something is not clear just say so and ill try to explain my question/view better.
- #5,779
- Oct 28, 2010 7:02am Oct 28, 2010 7:02am
As I didnt fully grasp the movement of gu yesterday I took and put down some thoughts on a chart, how I viewed things and things I was unsure of, so it would be absolutely great to have some feedback
When I finished I suddenly noticed that it was quite a lot so I put some numbers on the boxes I wrote in so it should make it a bit easier if you want to comment on something specific. I also put in some questions but the main thing for me is 2, 4, 7 and 9. Where 4 and 9 is pretty much the same.
And I totally understand its a lot and that I might...
I love your post you must work really hard mate.First of all I am not senior so you or another guys,just take it easy when you read my post lol.
No1. Well momentum is down but that first revelsal bar is IPB which can be take for quick scalp(very agresive entry against momentum)If I will take?depend on biger picture,more conflunce...
No2.Momentum is still down.
No3.Again pin for quick scalp,well yes is easy said that now,but If I take short I will be aware of those two strong bullish bars.Can be just profit taken and created that pin which bounced from resistance and another thing that move up is pulback which is quiet too high be only pull back.
No4. Nice signal bar go long.Well closed below resistance but bears looks quiet weak so give a try go long.I don't think every pin means change momentum current TF.Depends on size pin,location,time.....
No.5This is my A++++ entry.Momentum up,break resistance and created IB @ support what else we need?
No.6Need biger picture for that but from this picture looks like momentum up is loosing strenght.
No7.That BEOB-with not great closed is another signal for me (agresive entry).JUst put there TL and entry short on break TL,momentum is on your side.
No9.Well I don't see there change momentum even that prior strong bullish bar.That IPB just could closed abowe pretty stron resistance.What does mean that IPB?takin profit @support?consume demand?What do u think guys?Definnitely above was bloody strong resistance even next candel could go highier.
No10 and 11 are good entries.
Ok this my view on this picture.I hope seniors will write some thoughts.
Happy trading to everyone.
FX
No5.
- #5,780
- Oct 28, 2010 7:15am Oct 28, 2010 7:15am
Here is also the chart from the man with the plan, our master sho, that im refering to in number 4
Its trade number 2 on this chart.
Well I think he thought something like that
).FX