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Intraday price action trend trading

  • #7,501
  • Aug 10, 2011 10:26am Aug 10, 2011 10:26am
HEY BOUBAFX R U BEING MY ECHO NOW???

this aud trade is going well...u might get a chance to join if we see more big red bars on 15 min indicating more room to the downside..
don't force anything tho..let PA decides..
  • #7,502
  • Aug 10, 2011 10:34am Aug 10, 2011 10:34am
we are sitting on 61.8% ret of the big up move from yesterday so watch out .price might want to turn back up..but if i dont see big green candles im sticking with my shorts...
  • #7,503
  • Aug 10, 2011 10:35am Aug 10, 2011 10:35am
Quoting elliotrader
HEY BOUBAFX R U BEING MY ECHO NOW???

this aud trade is going well...u might get a chance to join if we see more big red bars on 15 min indicating more room to the downside..
don't force anything tho..let PA decides..

Yes, our Sho's brain begin to work the same way i see
I hear and I forget. I see and I remember. I do and I understand.
  • #7,504
  • Aug 10, 2011 10:56am Aug 10, 2011 10:56am
i think i saw this setup in one of gravi posts before.

it was a failed IB BO to the down side so we can expect a move up?
also 62%ret as i mentiod before..
hmmm....
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  • #7,505
  • Aug 10, 2011 10:59am Aug 10, 2011 10:59am
damn what a sharp move up we just had !!!i guess now we have to see if it will rejected from middle KC and resume the downtrend OR momentum will shift back to the upside...
will watch closely as i do have to make a decision if to close my shorts or keep them running..
  • #7,506
  • Aug 10, 2011 11:07am Aug 10, 2011 11:07am
SL was hit.
total profit +37 pips.
  • #7,507
  • Aug 10, 2011 11:11am Aug 10, 2011 11:11am
http://www.forexfactory.com/attachme...8&d=1312904343

i found the gravi post i was talking about...

thx gravi!!!
  • #7,508
  • Aug 10, 2011 11:37am Aug 10, 2011 11:37am
boubfx im wondering what u think of this-
we have 2 pb,rejection from KC,62%ret of last down swing...

will u take a short?
im not taking it as im still not sure which momentum is in control but im curious to know how u view it...
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  • #7,509
  • Aug 10, 2011 11:48am Aug 10, 2011 11:48am
Quoting elliotrader
boubfx im wondering what u think of this-
we have 2 pb,rejection from KC,62%ret of last down swing...

will u take a short?
im not taking it as im still not sure which momentum is in control but im curious to know how u view it...
I don't like very much the setup where it forms (i find the last support too weak, and the Pb not enough detached from last bar for my taste) but i think it's a good setup (ret68) and two PB with good probability.



I wouldn't have taken this setup, but it's me, i'm conservative and wait to see what i wanted to see !!!!

I would have think: yes it seems a good setup, but not as sure for me.

i learn to take the best setup and to avoid to trade too much
I hear and I forget. I see and I remember. I do and I understand.
  • #7,510
  • Aug 10, 2011 8:02pm Aug 10, 2011 8:02pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting elliotrader
boubfx im wondering what u think of this-
we have 2 pb,rejection from KC,62%ret of last down swing...

will u take a short?
im not taking it as im still not sure which momentum is in control but im curious to know how u view it...
-------------
Good Morning friend
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Shake it off!Lick the Wound,Prey Again!
  • #7,511
  • Aug 10, 2011 8:21pm Aug 10, 2011 8:21pm
hi megara!!!

it seems like we never here at the same time...
i tell u a lit secret-i always like to wake up and see what trades u have done while i was sleeping..
i always learn something new from ur posts....

as for this chart that i posted-i did not think to take this trade i just tried to see if im able to read boubafx mind...we seem to sometime echo each other.. so i was just playing w him...

in general tho i will be looking to short the aud-whats ur view on this pair?
there is news in few min so i will stay flat for now and will look to short during london session if i get a chance..(might be too late)...and if my biasPA will still signal me short obviously....
  • #7,512
  • Aug 10, 2011 8:42pm Aug 10, 2011 8:42pm
yep down as i thought..
anyway,was just curious to see the reaction to the news...closing my platform...its bed time soon...
hopefully london session will present some trades setups..

have a great trading megara!!!
looking forward to wake up and see ur charts...

btw-did u see sho made a surprise visit today??

nitey nite!!!
  • #7,513
  • Aug 10, 2011 8:48pm Aug 10, 2011 8:48pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting elliotrader
yep down as i thought..
anyway,was just curious to see the reaction to the news...closing my platform...its bed time soon...
hopefully london session will present some trades setups..

have a great trading megara!!!
looking forward to wake up and see ur charts...

btw-did u see sho made a surprise visit today??

nitey nite!!!
--------------
I told ya he is in invisible mode
good nite and you wake up with plenty of pips ahead
Shake it off!Lick the Wound,Prey Again!
  • #7,514
  • Aug 10, 2011 11:43pm Aug 10, 2011 11:43pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting Gravi
here you are
-----------

Sorry Gravi and Baobafx! It taken too much of my time to wait for the simulator to run on daily chart and I 've to wait so long for it to finish 1 candle.
Instead I use this chart O.K?
Look to far right. It's a close candle.
--------------
Will you long?
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Shake it off!Lick the Wound,Prey Again!
  • #7,515
  • Aug 10, 2011 11:56pm Aug 10, 2011 11:56pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
I promised we play 2 pairs. GU
------
What will you do?
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Shake it off!Lick the Wound,Prey Again!
  • #7,516
  • Aug 11, 2011 1:03am Aug 11, 2011 1:03am
Quoting elliotrader
http://www.forexfactory.com/attachme...8&d=1312904343

i found the gravi post i was talking about...

thx gravi!!!
hi elliot!
yes, that was failed ib breakout but that ib was a pin and if you combine it together u 'll get the high leg dogi(long upper and lower wicks) that means indecision... no shorts,but no longs...
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  • #7,517
  • Aug 11, 2011 1:14am Aug 11, 2011 1:14am
Quoting Megara
-----------

Sorry Gravi and Baobafx! It taken too much of my time to wait for the simulator to run on daily chart and I 've to wait so long for it to finish 1 candle.
Instead I use this chart O.K?
Look to far right. It's a close candle.
--------------
Will you long?
no mate momentum is still upside but that pin seems to be a reversal bar (possible failed range BO).. need more PA... will wait
  • #7,518
  • Aug 11, 2011 1:20am Aug 11, 2011 1:20am
Quoting Megara
I promised we play 2 pairs. GU
------
What will you do?
Oh.... last bar looks like IB..but it's too bearish... i need more PA!
  • #7,519
  • Aug 11, 2011 7:53am Aug 11, 2011 7:53am
Quoting Gravi
hi elliot!
yes, that was failed ib breakout but that ib was a pin and if you combine it together u 'll get the high leg dogi(long upper and lower wicks) that means indecision... no shorts,but no longs...
thx for clearing this out for me....make sense...
thank you!!!!
  • #7,520
  • Aug 11, 2011 8:29am Aug 11, 2011 8:29am
hi meg!!
this is my opinion...
i forgot to mention on the chart that we dont have a divergence on the daily chart but if i was forced to make a decision i would go to lower time frame and if i had spotted divergence i would take a short.but if nobody force me i would stay w my conclousion-stay on the side line.
(long is out of the q unless we see a brkout).
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