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Intraday price action trend trading

  • #6,541
  • Mar 6, 2011 11:59pm Mar 6, 2011 11:59pm
Quoting xxxxLearner
First trade of the day

Attachment


Stop to BE

STOPPED OUT BE
Hi mate,

The entry is fine. I did the similar as yours including the entry and TPs. I manual cut bit earlier as we could see the EU had approached the r/n then suddenly drop, similar thing would be happened on EJ as well while the UJ has no movement at all at the moment.

That's my view for sharing.
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  • #6,542
  • Mar 7, 2011 12:09am Mar 7, 2011 12:09am
Thanks Build City,

I was watching that resitence zone, but didnt act on it. I need alot more practice I think.

I appreciate your feedback!!!

Still in th G/J at the moment.
  • #6,543
  • Mar 7, 2011 12:19am Mar 7, 2011 12:19am
Quoting xxxxLearner
Thanks Build City,

I was watching that resitence zone, but didnt act on it. I need alot more practice I think.

I appreciate your feedback!!!

Still in th G/J at the moment.
For GJ, we may target more if the momentum in line with the analysis below. The H4 below for reference. The blue highlight is the possible upward move.

Hehe, my view
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  • #6,544
  • Mar 7, 2011 12:22am Mar 7, 2011 12:22am
Thanks Build City but I closed Closed trade for +10 G/J....divergence
  • #6,545
  • Mar 7, 2011 12:27am Mar 7, 2011 12:27am
Quoting xxxxLearner
Thanks Build City but I closed Closed trade for +10 G/J....divergence
No worry, you can chase every impulsive wave as well , then you will be very busy
  • #6,546
  • Mar 7, 2011 12:33am Mar 7, 2011 12:33am
Not sure what you mean Build City??

Do you mean I shouldnt exit on divergence, or is there something I am missing??
  • #6,547
  • Mar 7, 2011 12:42am Mar 7, 2011 12:42am
Quoting xxxxLearner
Not sure what you mean Build City??

Do you mean I shouldnt exit on divergence, or is there something I am missing??
Yes, respect the divergence 1st so exit 1st is justified. Then get in long play again while the divergence is over. But now the candle formation seems no good, wait bit longer for more confirmation.
  • #6,548
  • Mar 7, 2011 12:46am Mar 7, 2011 12:46am
Thanks Buildcity....

Very much....
  • #6,549
  • Mar 7, 2011 1:25am Mar 7, 2011 1:25am
Quoting Buildcity
Yes, respect the divergence 1st so exit 1st is justified. Then get in long play again while the divergence is over. But now the candle formation seems no good, wait bit longer for more confirmation.
Now is right time I think

http://www.forexfactory.com/showpost...&postcount=149
  • #6,550
  • Edited 1:50am Mar 7, 2011 1:27am | Edited 1:50am
Attached Image (click to enlarge)
Click to Enlarge Name: 5th_trade_7th_March.GIF Size: 74 KB


Stop is already moved to BE.......Have I done this to quick???

Closed trade for +29 pips
  • #6,551
  • Mar 7, 2011 1:38am Mar 7, 2011 1:38am
Sorry Build City I missed the G/J....

I was to busy watching G/U....and/or possible setup for short on E/J...

took the G/U as you can see

Hope you take pips on the G/J
  • #6,552
  • Mar 7, 2011 1:41am Mar 7, 2011 1:41am
Quoting xxxxLearner
Sorry Build City I missed the G/J....

I was to busy watching G/U....and/or possible setup for short on E/J...

took the G/U as you can see

Hope you take pips on the G/J
Yes, closed with +20p, wait for next retracement now.

PS - when I trade with scalping, I only allow myself to play max 2 pairs at the same time, otherwise I cant monitor. Its my limit
  • #6,553
  • Mar 7, 2011 1:43am Mar 7, 2011 1:43am
Quoting xxxxLearner
Sorry Build City I missed the G/J....

I was to busy watching G/U....and/or possible setup for short on E/J...

took the G/U as you can see

Hope you take pips on the G/J
Sometime its really hard to tune yourself in long with GBP and short with Euro pairs. I dont like this way even it may exist.
  • #6,554
  • Mar 7, 2011 1:53am Mar 7, 2011 1:53am
Quoting Rufus
We are dealing with some nasty PA right now...I would love to find a trend someplace.

Rufus

Sorry Rufus I missed your response....you were the last message on that page....when I check thread again, I saw Build city comment on the next page.

Yes agree Mondays are hard to trade I think....I might reduce my target and stop trading early on Mondays..
  • #6,555
  • Mar 7, 2011 1:55am Mar 7, 2011 1:55am
Quoting Buildcity
Sometime its really hard to tune yourself in long with GBP and short with Euro pairs. I dont like this way even it may exist.

I agree Build city......I wasnt sure if the possible corrective wave now impulsive was going to reject at the middle keltner channel, if it did it would have made a nice pin bar, I would have taken the EJ and not the Gu if rejection occured.
  • #6,556
  • Mar 7, 2011 1:59am Mar 7, 2011 1:59am
Quoting Buildcity
Yes, closed with +20p, wait for next retracement now.

PS - when I trade with scalping, I only allow myself to play max 2 pairs at the same time, otherwise I cant monitor. Its my limit
Nice one Build City.....you are a master trader

I have a little 17" laptop....I monitor 6 pairs....but only take notice of the obvious setups.......I miss alot of trades and whish I took them when they move in my favour

But I am still a learner,
  • #6,557
  • Mar 7, 2011 3:04am Mar 7, 2011 3:04am
Quoting xxxxLearner
Nice one Build City.....you are a master trader

I have a little 17" laptop....I monitor 6 pairs....but only take notice of the obvious setups.......I miss alot of trades and whish I took them when they move in my favour

But I am still a learner,
No worry mate, I watch 7 pairs within the little 17" mon in office. All we have to do is to zoom in / out sometime. But one thing I'm pretty sure is that while we play with Sho's momentum trading method, what we really need to concentrate is the IMMEDIATE price action (well, you should have your higher TF's s/r level ready beforehand). Here is my whole screenshot.

PS - the 7th pair on right bottom is UJ as I love to monitor the Yen's movement as well while I trade with Yen's pairs. And also display the coming news and and market clock for reference. I dont trade UJ alot anyway, just for cross reference..

Call me City if you like.

Eric
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  • #6,558
  • Mar 7, 2011 7:38am Mar 7, 2011 7:38am
Quoting Buildcity
No worry mate, I watch 7 pairs within the little 17" mon in office. All we have to do is to zoom in / out sometime. But one thing I'm pretty sure is that while we play with Sho's momentum trading method, what we really need to concentrate is the IMMEDIATE price action (well, you should have your higher TF's s/r level ready beforehand). Here is my whole screenshot.

PS - the 7th pair on right bottom is UJ as I love to monitor the Yen's movement as well while I trade with Yen's pairs. And also display the coming news and and market clock for reference....

It has taken me 4 years of threatening...I have now done it. I am now setting up my trading room. New computer, and right now 2 monitors....BUT there will be 8.. One for each pair. I am going to be in trader paradise. I have a hard time flipping back and forth through charts, I think it is a dyslexia issue.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,559
  • Mar 7, 2011 7:52am Mar 7, 2011 7:52am
Quoting Rufus
It has taken me 4 years of threatening...I have now done it. I am now setting up my trading room. New computer, and right now 2 monitors....BUT there will be 8.. One for each pair. I am going to be in trader paradise. I have a hard time flipping back and forth through charts, I think it is a dyslexia issue.

Rufus
Well, I can't set up 8 monitors in my office otherwise everyone knows I'm trading rather than working with company stuff

In my mini trading room at home, even I got one 24" plus another 19", I still go for these 6 pairs cos I cant manage more than that. Oh well, if I got big enough room I would certainly get more monitors, then each pairs in 3 time frames, that would be great!!

Cheers Rufus

Eric
  • #6,560
  • Edited 11:16pm Mar 7, 2011 10:54pm | Edited 11:16pm
1st trade today

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