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Intraday price action trend trading

  • #5,841
  • Nov 5, 2010 4:23am Nov 5, 2010 4:23am
Quoting Buildcity
Hey mate,

I'm not the expert here but Storeball wanted me to share my view here so I do,

Focus on your chart the red line you marked, initially we would most likely trust it was a corrective move after the previous waves, then we might enter a long order after the formation of little IB green, cos the next red initially raised up and break out this little green. Well the SL is bit lower than the IB too as usual.

You might have few pips gained or worst case a small lost. Then we noticed that the red line was changed from impulsive...
Thanks for your input mate! You always have some good thoughts and im glad your sharing them with us all
  • #5,842
  • Nov 5, 2010 7:12am Nov 5, 2010 7:12am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
I spotted this wedge and shorted after pullback. today have learn a lot from you. thank you. will immerse and absorb the lessons
Attached Image
Shake it off!Lick the Wound,Prey Again!
  • #5,843
  • Nov 5, 2010 8:33am Nov 5, 2010 8:33am
giving it a go...
Attached Image (click to enlarge)
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  • #5,844
  • Nov 5, 2010 8:45am Nov 5, 2010 8:45am
Quoting anthoniex
giving it a go...
trade closed +25 pips
Attached Image (click to enlarge)
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  • #5,845
  • Nov 5, 2010 9:17am Nov 5, 2010 9:17am
speculating...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m15.gif Size: 20 KB
  • #5,846
  • Nov 5, 2010 9:32am Nov 5, 2010 9:32am
Quoting anthoniex
speculating...
trade closed -11 pips
  • #5,847
  • Nov 5, 2010 10:22am Nov 5, 2010 10:22am
Quoting anthoniex
speculating...
Chart for share
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-06_0112.png Size: 53 KB
  • #5,848
  • Nov 5, 2010 2:12pm Nov 5, 2010 2:12pm
Quoting Buildcity
Chart for share
Thanks, Buildcity! I was actually gonna enter again at the end of corrective move but chickened out... after a loss and not letting the profit run on my previous trade
  • #5,849
  • Nov 6, 2010 12:50am Nov 6, 2010 12:50am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Goodday,
I have 10 losses
5 winner
4 breakeven
1 is running
-----------
total 20 trades
------------
Out of 10 losses, 7 trades eat my SL before going to my initial direction. 3 are going opposite. The breakeven trades also eat the SL before going to the initial direction and left last trade still running +
My trades are bad this week. Still need more practices and your hand.
Shake it off!Lick the Wound,Prey Again!
  • #5,850
  • Nov 7, 2010 5:49pm Nov 7, 2010 5:49pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
I am so honour, master Sho gave me a vouch.
What can I say more?
THANK YOU! THANK YOU! THANK YOU! AND THANK YOU!!!!!

I must do my very best to learn from the very best and will give my very best.

Both of my wings have broken and thanks the seniors here to give me another leash of life.
I am very grateful

Meg
Shake it off!Lick the Wound,Prey Again!
  • #5,851
  • Nov 7, 2010 6:22pm Nov 7, 2010 6:22pm
took these trades on demo but didn't let the profits run. I actually entered on m5 on my EURJPY
Attached Image(s) (click to enlarge)
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  • #5,852
  • Nov 7, 2010 7:18pm Nov 7, 2010 7:18pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
I got free trade and I must move my SL to 50% of the previous candle or the top of the current candle?
Attached Image
Shake it off!Lick the Wound,Prey Again!
  • #5,853
  • Nov 7, 2010 7:26pm Nov 7, 2010 7:26pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Good Day Anthoniex,

I am still in GU trade but using 4 hour TF.
EURJPY got BE on last Friday
I am using real account and 0.1 lot size.
Nice to see someone in the same boat.
Shake it off!Lick the Wound,Prey Again!
  • #5,854
  • Nov 7, 2010 7:41pm Nov 7, 2010 7:41pm
Quoting Megara
Good Day Anthoniex,

I am still in GU trade but using 4 hour TF.
EURJPY got BE on last Friday
I am using real account and 0.1 lot size.
Nice to see someone in the same boat.
Good luck with your trades Megara,
I was using mini account before but I need more practice to use this method.
I just got LONG on USDCAD now 15 minute timeframe
  • #5,855
  • Nov 7, 2010 9:14pm Nov 7, 2010 9:14pm
Quoting anthoniex
I just got LONG on USDCAD now 15 minute timeframe
loss -9 pips
  • #5,856
  • Nov 7, 2010 9:42pm Nov 7, 2010 9:42pm
A little +7p from this 1st impulsive move after the broken of r/n, actually bit late entry....

PS - well its demo.
Attached Image
  • #5,857
  • Nov 7, 2010 9:55pm Nov 7, 2010 9:55pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting Buildcity
A little +7p from this 1st impulsive move after the broken of r/n, actually bit late entry....

PS - well its demo.
That's pretty fast profit. May I ask what is r/n?
Shake it off!Lick the Wound,Prey Again!
  • #5,858
  • Nov 7, 2010 9:59pm Nov 7, 2010 9:59pm
Quoting Megara
That's pretty fast profit. May I ask what is r/n?
r/n = round number, in this case 131.00
  • #5,859
  • Nov 7, 2010 10:19pm Nov 7, 2010 10:19pm
Quoting Buildcity
A little +7p from this 1st impulsive move after the broken of r/n, actually bit late entry....

PS - well its demo.
131.50 looks in range. Big asia moves are they trustworthy? !
  • #5,860
  • Nov 7, 2010 10:26pm Nov 7, 2010 10:26pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Got it Buildcity.Thank you.
I spotted USDJPY and just entered.
I loss quite a bit to this pair because of intervention thingy thing and a bit fear but somehow with tight SL"JUST DO IT"
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Shake it off!Lick the Wound,Prey Again!
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