Intraday price action trend trading | Page 316 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MultiTimeFrame Trend Trading with Price Action 242 replies

Any Recommendations on Learning Intraday Price Action Trading 5 replies

Price Pattern Notifications/Trend Alert Price Action Scanner 7 replies

Trend following intraday breakout - my trading journal 11 replies

intraday trend trading with price action 2,063 replies

Attachments: Intraday price action trend trading
Exit Attachments

Intraday price action trend trading

  • #6,301
  • Jan 25, 2011 8:31am Jan 25, 2011 8:31am
Quoting joe d
I entered on the second candle in. A pin shaped inside bar. I like this trade for the momentum and price action. I dislike it because I'm trading into the .9900 round number and the 61.8 fib retracement on the 4hr chart.

This is taken on demo. Not sure I would take this on a live account.

Let's see how it goes...

UPDATE: stopped out at b/e
that was the nice setup - impulsive move,deep retracement and double IB setup as well(second IB is pin bar)... but as you mentioned above - the round number level's just below and unusual big length of bearish candle... the matter to be cautioned...
  • #6,302
  • Jan 25, 2011 9:15am Jan 25, 2011 9:15am
Thief another 10
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-01-25_2307.png Size: 27 KB
  • #6,303
  • Jan 25, 2011 9:25am Jan 25, 2011 9:25am
Quoting Buildcity
Thief another 10

hmm.. you have bought at the short term supply/resistance... or i missed smth?
  • #6,304
  • Jan 25, 2011 9:31am Jan 25, 2011 9:31am
30 Minute chart.

Second trade of the day. Impulse move and a pullback with a pin.

Took a while to get going. I thought of closing it out early at b/e, but let it go and it worked out well. Took about 16 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: EG 1 25 11 II.PNG Size: 57 KB
  • #6,305
  • Jan 25, 2011 9:32am Jan 25, 2011 9:32am
Quoting Buildcity
Dont know how long I can keep it, but its been hours

Edit:
1st TP 130.6, SL to BE+ now
I'm going to sleep now, better sleep well
This time angel mindset
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-01-25_2329.png Size: 69 KB
  • #6,306
  • Jan 25, 2011 9:35am Jan 25, 2011 9:35am
Quoting Gravi
hmm.. you have bought at the short term supply/resistance... or i missed smth?
Yes, and reject off from upper band of KC

At the same time, you can see EU was forming a nice pin, went for either one.
  • #6,307
  • Jan 25, 2011 9:37am Jan 25, 2011 9:37am
See you guys, I'm off to sleep now.

Quite full today both, hehe
  • #6,308
  • Jan 25, 2011 9:39am Jan 25, 2011 9:39am
Quoting Gravi
that was the nice setup - impulsive move,deep retracement and double IB setup as well(second IB is pin bar)... but as you mentioned above - the round number level's just below and unusual big length of bearish candle... the matter to be cautioned...

absolutely. it's so tempting when the setups look so good. sometimes too good to be true and all i see is
  • #6,309
  • Jan 25, 2011 9:56am Jan 25, 2011 9:56am
here you are..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cad1.gif Size: 24 KB
Click to Enlarge Name: cad1_1.gif Size: 26 KB
Click to Enlarge Name: cad2.gif Size: 23 KB
Click to Enlarge Name: cad3.gif Size: 23 KB
  • #6,310
  • Jan 26, 2011 5:59am Jan 26, 2011 5:59am
Seems to be stop out with few +

Edit: just stopped out while typing
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-01-26_1957.png Size: 60 KB
  • #6,311
  • Edited 7:01am Jan 26, 2011 6:48am | Edited 7:01am
Short eur/gbp.

Impulse down and pull back to keltner mid line. Also tucked behind some resistance at .8635.

EDIT: Stopped at B/E
Attached Image (click to enlarge)
Click to Enlarge Name: EG 1 26 11.PNG Size: 61 KB
  • #6,312
  • Edited 7:24am Jan 26, 2011 6:59am | Edited 7:24am
Quoting Buildcity
Seems to be stop out with few +

Edit: just stopped out while typing


Hey City. What was the reasoning for this trade? Momentum after the break of 1.5840?
  • #6,313
  • Edited 7:16am Jan 26, 2011 7:03am | Edited 7:16am
g/j bullish price action after pullback to keltner. Price has been flat for the past couple of hours. Let's see if we get some movement...

EDIT: Got some movement. Wrong direction though. -16 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY 1 26 11.PNG Size: 60 KB
  • #6,314
  • Jan 26, 2011 7:26am Jan 26, 2011 7:26am
Quoting joe d
Hey City. What was the reasoning for this trade? Momentum after the break of 1.5840?
Yes, sort of, and trade with continuation, so even there was almost 30 didnt get out. But finally stopped out with few only.

Anywat, no negative.
  • #6,315
  • Jan 26, 2011 7:28am Jan 26, 2011 7:28am
Quoting joe d
g/j bullish price action after pullback to keltner. Price has been flat for the past couple of hours. Let's see if we get some movement...

EDIT: Got some movement. Wrong direction though. -16 pips
The market is really hard to play at the moment. No clear direction, we can see the bar now is one green, one red, just up and down..
  • #6,316
  • Jan 26, 2011 7:43am Jan 26, 2011 7:43am
Quoting Buildcity
The market is really hard to play at the moment. No clear direction, we can see the bar now is one green, one red, just up and down..
Yeah, I agree. I should have avoided the trade in the first place because of this...
  • #6,317
  • Jan 26, 2011 8:44am Jan 26, 2011 8:44am
Quoting joe d
Yeah, I agree. I should have avoided the trade in the first place because of this...
..and another A++ setup failed
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj4.gif Size: 25 KB
Click to Enlarge Name: gj5.gif Size: 23 KB
  • #6,318
  • Jan 26, 2011 8:54am Jan 26, 2011 8:54am
Quoting Gravi
..and another A++ setup failed
do you want to go for another one
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-01-26_2252.png Size: 27 KB
  • #6,319
  • Jan 26, 2011 9:05am Jan 26, 2011 9:05am
Quoting Buildcity
do you want to go for another one
look at the GJ H1 chart right now... hehe
  • #6,320
  • Jan 26, 2011 9:18am Jan 26, 2011 9:18am
Quoting Gravi
look at the GJ H1 chart right now... hehe
I'm in after the retrace, better move BE now
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-01-26_2317.png Size: 58 KB
11 traders viewing now