I hear and I forget. I see and I remember. I do and I understand.
Intraday price action trend trading
good morning guys!!!!
wow u guys were so active tonight!!!!u guys rock!!!! very nice posts and very nice trades!!!
i will be back to full trading next week so i hope to have the opportunity to be active and join u.
wish u all the best and great trading!!!!
wow u guys were so active tonight!!!!u guys rock!!!! very nice posts and very nice trades!!!
i will be back to full trading next week so i hope to have the opportunity to be active and join u.
wish u all the best and great trading!!!!
- #7,664
- Aug 18, 2011 8:44am Aug 18, 2011 8:44am
nice 2 trades i took and still managing.
i took half profit on the euro and moved my SL to BE on the remaining position.
the cad is still running...looking at a biger TF to see where price might find demandsupport.
I like the way it's move after the signals bars (very nice reaction and good momentum), it's really what we expect when we took a trade.
For me, it's two great great high probability trade
I hear and I forget. I see and I remember. I do and I understand.
- #7,666
- Aug 18, 2011 8:52am Aug 18, 2011 8:52am
hi boubfx!!
yes i agree ,very nice set ups..im still in ...very nice profit already-making up for the time i was too busy to trade.
did u take any of this set up or u busy with the kids??
I hear and I forget. I see and I remember. I do and I understand.
- #7,675
- Aug 18, 2011 1:33pm Aug 18, 2011 1:33pm
hi gravi!!
i was wondering if u can help me clarify something about failed IB.
lets assume we are in a downtrend.
i spot an inside bar(IB) so i would want to go short on the brk of the LOW of the IB.
lets say price did brk to the downside BUT my entry bar formed a pin bar(PB)-does that mean that this is a FAILED IB?
OR
the same scenario but price broke the IB to the upside and than formed a PB-does that mean its a failed IB?
i guess to make a long story short i want to know if FAILED IB is considered to be one that form PB against...
so.. let's try to make things clear
first , not "failed IB" but "price failed to break ib out and formed pb"..is it clear? ib is the consolidation formation on smaller tf's(triangles,wedges e.t.c),so when there's the trading range and price failed to break it out(gets out from range and then returns back to the box) it means that setup is failed that also means another setup(opposite direction) would be the high prob trade... so when somebody sees (while down momentum) price failed to break the ib upside and closed inside the ib's range then it is the high prob setup for short play...
hmmm... i hope everything's clear in my explanation
- #7,678
- Aug 18, 2011 2:36pm Aug 18, 2011 2:36pm
thx gravi for ur reply.
it is defiantly more clear to me now but if i may i would like ur answer on this:
(remember the scenario is down trend)
if the IB brks to the upside and form PB-its a high prob set up for short.
if the IB brks to the downside and form PB-i should look for more reason(like divergence, supportdemand,etc..) before i take a long CT trade.
is this correct?
THX again!!
so when you spot the failed ib bo to downside you 'd better stay aside..
but if you're agressive and you see failed downside ib bo,divergence,unusually big bars e.t.c . u can take long trade i think..
got ya!!!
thank you very very much for ur time and patience...
i think im still trying to figure out if im conservative or aggressive....
all i know is that in 15 min my weekend will start since i do not trade fridays...
have a great weekend my friends!!
as i said earlier today- u guys rock!!!!
thank you very very much for ur time and patience...
i think im still trying to figure out if im conservative or aggressive....
all i know is that in 15 min my weekend will start since i do not trade fridays...
have a great weekend my friends!!
as i said earlier today- u guys rock!!!!
