Stalled at highs, took profit there.
We would never know what's their next move but happy for you to have make pips, friend
Shake it off!Lick the Wound,Prey Again!
Intraday price action trend trading
hi meg!!
i actually took the same trade but added some shorts a long the way.
2 trades very profitable and one that ended up with a tiny loss(trade number 3-i played the IB brkout but it failed to continue down and instead started a pullback,i should of never taken it bc it was at the support from the low made yesterday but it was only -6 pips)
overall about 100pips
if we dont see a change in momentum(big green candles) i will still be looking for a short set up.
will see.....
i actually took the same trade but added some shorts a long the way.
2 trades very profitable and one that ended up with a tiny loss(trade number 3-i played the IB brkout but it failed to continue down and instead started a pullback,i should of never taken it bc it was at the support from the low made yesterday but it was only -6 pips)
overall about 100pips
if we dont see a change in momentum(big green candles) i will still be looking for a short set up.
will see.....
- #7,085
- Edited 5:02am Jun 30, 2011 4:42am | Edited 5:02am
I learnt to understand, if we don't take action fast with our sure profit, the bank will
Ahh, there's a div at the demand area
we can tell it is the divergence formed only when the reverse bar is completed.. no?
- #7,086
- Jun 30, 2011 4:47am Jun 30, 2011 4:47am
Though GU seems wild but this pair give nice profit to fill my bag.
i remember Sho told us he respected the SPEED first, then all the rest.. momentum is speed, i remember some charts when corrective move was very fast(comparing with last impulsive) and even if it didn't cover last swings(hi or lo) it was considered as momentum change..
but entry on breakout of IB was very nice...
- #7,088
- Edited Jul 1, 2011 3:10am Jun 30, 2011 9:02pm | Edited Jul 1, 2011 3:10am
Hi Gravi
I found the chart regarding yesterday trade. It was Rob's trade(Priceaction).
Ha!Ha!
I didn't know I've been saving so many.
Observe the 2nd chart with the star marked.
Did you see the momentum has changed to bull sentiment but fail to close higher. That's what I meant about yesterday's.
I did not know where it will be heading up or down. But I saw an IB and it didn't break to upside but instead down so just follow the flow.
And honestly I didn't know why the sudden big drop
? News? Earthquack? Never bother as long as small SL is placed.
I found the chart regarding yesterday trade. It was Rob's trade(Priceaction).
Ha!Ha!
I didn't know I've been saving so many. Observe the 2nd chart with the star marked.
Did you see the momentum has changed to bull sentiment but fail to close higher. That's what I meant about yesterday's.
I did not know where it will be heading up or down. But I saw an IB and it didn't break to upside but instead down so just follow the flow.
And honestly I didn't know why the sudden big drop
? News? Earthquack? Never bother as long as small SL is placed.
Shake it off!Lick the Wound,Prey Again!
- #7,089
- Jul 1, 2011 2:19am Jul 1, 2011 2:19am
Hi Gravi
I found the chart regarding yesterday trade. It was Rob's trade(Priceaction).
Ha!Ha!
Observe the 2nd chart with the star marked.
Did you see the momentum has changed to bull sentiment but fail to close higher. That's what I meant about yesterday's.
I did not know where it will be heading up or down. But I saw an IB and it didn't break to upside but instead down so just follow the flow.
And honestly I didn't know why the sudden big drop
) at the rob's chart and compare to your gu chart.. your momentum is a bit faster comparing to previous move btw.. one more GU dropdown has occured today also... somebody's been selling some cable
- #7,092
- Jul 2, 2011 6:52pm Jul 2, 2011 6:52pm
ok.. that makes sense: waiting for the ib breakout..but look at the speed of momentum (brrr.. what i said
btw.. one more GU dropdown has occured today also... somebody's been selling some cable
Thanks Gravi for making me thinking hard. I found something to be better explain than the previous chart.Take a look.
"Use very small loss and get out when you see any reversal" made me took the GU trade that day
Shake it off!Lick the Wound,Prey Again!
- #7,096
- Jul 3, 2011 8:56pm Jul 3, 2011 8:56pm
Long.
[Update, closed out for o.5 R gain. Poor trade...late entry.]
Good day Zoomie
I also entered this but much earlier and got stop out once at the fib 50% and retry.
Shake it off!Lick the Wound,Prey Again!
- #7,098
- Jul 3, 2011 9:22pm Jul 3, 2011 9:22pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #7,100
- Jul 3, 2011 10:17pm Jul 3, 2011 10:17pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts