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Intraday price action trend trading

  • #6,401
  • Feb 10, 2011 8:55am Feb 10, 2011 8:55am
Quoting Buildcity
While Rob taken the scalping trade, I take a long one then

H4 and H1 chart below, see how far it goes... SL to BE now anyway
Don't make me nervous ...I'm short GBPUSD
  • #6,402
  • Feb 10, 2011 8:57am Feb 10, 2011 8:57am
Inserted Video
  • #6,403
  • Feb 10, 2011 8:57am Feb 10, 2011 8:57am
Quoting priceaction
Don't make me nervous ...I'm short GBPUSD
http://www.forexfactory.com/showpost...stcount=271561

http://www.forexfactory.com/showpost...stcount=271563

maybe my analysis will make u laugh a bit....

hope so

Phanti
Hero calls followed by margin calls...
  • #6,404
  • Feb 10, 2011 8:58am Feb 10, 2011 8:58am
Quoting priceaction
Don't make me nervous ...I'm short GBPUSD
Then either one wins, few more minutes news is coming
  • #6,405
  • Feb 10, 2011 9:01am Feb 10, 2011 9:01am
Quoting PhAnTi'
http://www.forexfactory.com/showpost...stcount=271561

http://www.forexfactory.com/showpost...stcount=271563

maybe my analysis will make u laugh a bit....

hope so

Phanti
Hey Phanti,

We all have our own ways of seeing the market. All that matters is what works for you mate.

Good luck!
Rob
  • #6,406
  • Feb 10, 2011 9:12am Feb 10, 2011 9:12am
Quoting priceaction
Hey Phanti,

We all have our own ways of seeing the market. All that matters is what works for you mate.

Good luck!
Rob
Sure we do.
But i guess you r also short biased?

Quote
Quote:
Originally Posted by Buildcity
While Rob taken the scalping trade, I take a long one then

H4 and H1 chart below, see how far it goes... SL to BE now anyway
Don't make me nervous ...I'm short GBPUSD

all the best

ph.
Hero calls followed by margin calls...
  • #6,407
  • Feb 10, 2011 9:35am Feb 10, 2011 9:35am
Quoting priceaction
http://www.youtube.com/watch?v=OGcXLE9RnOs
Hi Rob!

Nice videos!

May I ask the reason for 15pip SL/TP?

Is there any particular reason for using 15 or do you change this as conditions change?

Also, do you always go for 1:1 or do you vary such as maybe half at 1:1 the trail the rest?

Just curious...

Your vary consistent!
  • #6,408
  • Feb 10, 2011 9:40am Feb 10, 2011 9:40am
Quoting PhAnTi'
Sure we do.
But i guess you r also short biased?

all the best

ph.
Thanks mate,

I stick with my plan. Still alive
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-10_2338.png Size: 67 KB
  • #6,409
  • Feb 10, 2011 9:53am Feb 10, 2011 9:53am
Quoting Buildcity
Thanks mate,

I stick with my plan. Still alive
Target achieved ~ arrived MA10 of H4

+50P
  • #6,410
  • Feb 10, 2011 9:53am Feb 10, 2011 9:53am
Quoting PhAnTi'
Sure we do.
But i guess you r also short biased?

all the best

ph.
I try not to be biased. I was short and took my 15 from the market.
Now I'm long and will let this one run.

We need to turn on a sixpence like the market.

It's the daily bonus trade!
  • #6,411
  • Feb 10, 2011 9:54am Feb 10, 2011 9:54am
Quoting Buildcity
Target achieved ~ arrived MA10 of H4

+50P
  • #6,412
  • Feb 10, 2011 9:57am Feb 10, 2011 9:57am
Quoting Pipalicious
Hi Rob!

Nice videos!

May I ask the reason for 15pip SL/TP?

Is there any particular reason for using 15 or do you change this as conditions change?

Also, do you always go for 1:1 or do you vary such as maybe half at 1:1 the trail the rest?

Just curious...

Your vary consistent!
Glad you like the videos.

No real reason for using 15. It just seems to work well.
I'm not really into taking half off etc.
I like to get a few 1:1's banked. Then later I will try my hand at taking more than 15 out of the market. Like now with the GU trade.

Rob
  • #6,413
  • Feb 10, 2011 9:59am Feb 10, 2011 9:59am
Quoting priceaction
You let me know what is supply and demand, still learning though.

BTW, 6080 level is a bit hard I think..., take care
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-10_2357.png Size: 29 KB
  • #6,414
  • Feb 10, 2011 10:10am Feb 10, 2011 10:10am
Inserted Video
  • #6,415
  • Feb 10, 2011 10:15am Feb 10, 2011 10:15am
Quoting Buildcity
You let me know what is supply and demand, still learning though.

BTW, 6080 level is a bit hard I think..., take care
Do you guys think Rob is one of the market makers???
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-11_0010.png Size: 43 KB
  • #6,416
  • Feb 10, 2011 10:21am Feb 10, 2011 10:21am
Quoting Buildcity
Do you guys think Rob is one of the market makers???
I wish!
I'm just one of those cleaner fish feeding off the whale sharks
Attached Image
  • #6,417
  • Feb 10, 2011 11:57am Feb 10, 2011 11:57am
This is a passage out of Mark Douglas‘s book “Trading in the Zone“.

Traders who have learned to think in probabilities are confident of their overall success, because they commit themselves to taking every trade that conforms to their definition of an edge.

They don’t attempt to pick and choose the edges they think, assume, or believe are going to work and act on those; nor do they avoid the edges that for whatever reason they think, assume, or believe aren’t going to work. If they did either of those things, they would be contradicting their belief that the “now” moment situation is always unique, creating a random distribution between wins and losses on any given string of edges. They have learned, usually quite painfully, that they don’t know in advance which edges are going to work and which ones aren’t. They have stopped trying to predict outcomes.

They have found that by taking every edge, they correspondingly increase their sample size of trades, which in turn gives whatever edge they use ample opportunity to play itself out in their favor, just like the casinos. On the other hand, why do you think unsuccessful traders are obsessed with market analysis. They crave the sense of certainty that analysis appears to give them. Although few would admit it, the truth is that the typical trader wants to be right on every single trade.

He is desperately trying to create certainty where it just doesn’t exist. The irony is that if he completely accepted the fact that certainty doesn’t exist, he would create the certainty he craves: He would be absolutely certain that certainty doesn’t exist. When you achieve complete acceptance of the uncertainty of each edge and the uniqueness of each moment, your frustration with trading will end. Furthermore, you will no longer be susceptible to making all the typical trading errors that detract from your potential to be consistent and destroy your sense of self-confidence.
  • #6,418
  • Feb 10, 2011 12:27pm Feb 10, 2011 12:27pm
Quoting priceaction
This is a passage out of Mark Douglas‘s book “Trading in the Zone“.

[color=Blue]Traders who have learned to think in probabilities are confident of their overall success, because they commit themselves to taking every trade that conforms to their definition of an edge.

They don’t attempt to pick and choose the edges they think, assume, or believe are going to work and act on those; nor do they avoid the edges that for whatever reason they think, assume, or believe aren’t going to work. If they did either of those things, they would be contradicting...
Most traders LOSE MONEY TRYING TO AVOID LOSSES..... instead of focusing in making money..ie their FOCUS or Thoughts are " FEAR of What WILL I LOSE In this TRADE "... so the Sponsering thought is LOSS...and the MIND obliges..with a poor Choice once in a TRADE

baz
  • #6,419
  • Feb 10, 2011 2:01pm Feb 10, 2011 2:01pm
Quoting baz
Most traders LOSE MONEY TRYING TO AVOID LOSSES..... instead of focusing in making money..ie their FOCUS or Thoughts are " FEAR of What WILL I LOSE In this TRADE "... so the Sponsering thought is LOSS...and the MIND obliges..with a poor Choice once in a TRADE

baz
Hey Baz,
Good to see you posting here.
Rob
  • #6,420
  • Feb 10, 2011 2:49pm Feb 10, 2011 2:49pm
Quoting priceaction
Hey Baz,
Good to see you posting here.
Rob
Well i have to give you a " BREAK "...!! from doing all these Posts and Now Videos..
Seriously though..this is a 15 min Tf thread..and yoy are aware i am on HTF,so it may not be of use..
Sadly not many threads that do HTF..and NOT the Gang i was used to..
you know what i mean.." BONES ,Hussin, Popis Dead,..Peter.."..
So that makes us a BIT too old..
take care mate and motivate others ...as what goes around comes back again multiplied 100 fold

baz
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