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Intraday price action trend trading

  • #8,421
  • Oct 5, 2011 5:47am Oct 5, 2011 5:47am
Quoting Buildcity
shit, could be a 50p runner!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Great explanation, thanks
I hear and I forget. I see and I remember. I do and I understand.
  • #8,422
  • Oct 5, 2011 5:55am Oct 5, 2011 5:55am
3rd trade: GBP/USD short

Entry: 61.8 Fib, doji, pre Resistance also
http://img510.imageshack.us/img510/8...011gbpusd1.gif

Stopped: -7p
http://img11.imageshack.us/img11/7310/051011gbpusd2.gif
  • #8,423
  • Oct 5, 2011 6:02am Oct 5, 2011 6:02am
Quoting Buildcity
Oh, I see....... I used to have an ECN a/c with another broker but the calculation of commission made me really confused, especially when the trading style is scalper, didn't help much. Tks anyway..
You are right. It looks like that ECN brokers are better but low spread + commission sometimes is bigger than market maker's spread

If you like market maker, you can try this
Their advantage: acceptable spread (EUR/USD 0.6-1.2, EUR/JPY, GBP/USD, GBP/JPY 0.9-2.0) and automatic withdrawal (I really like this. If you use electronic payment system (Paypal, Liberty Reserve....) you can withdraw instantly)
  • #8,424
  • Oct 5, 2011 6:04am Oct 5, 2011 6:04am
Quoting simplicity
3rd trade: GBP/USD short



Stopped: -7p
I don't know much on Fib, but its my view for sharing
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-10-05_1859.png Size: 119 KB
  • #8,425
  • Oct 5, 2011 6:09am Oct 5, 2011 6:09am
Thks mate, but I suggest you to remove the link otherwise either our master or the FF admin will kill you

Quoting simplicity
You are right. It looks like that ECN brokers are better but low spread + commission sometimes is bigger than market maker's spread

Their advantage: acceptable spread (EUR/USD 0.6-1.2, EUR/JPY, GBP/USD, GBP/JPY 0.9-2.0) and automatic withdrawal (I really like this. If you use electronic payment system (Paypal, Liberty Reserve....) you can withdraw instantly)
  • #8,426
  • Oct 5, 2011 6:19am Oct 5, 2011 6:19am
City,

i don't know much fibo too, but i see that often they are respected.

Lots of people used them, it's not a question of magic number, it's just that ther are tons of order at this level.

I used it and try to have the more confluence (TL, Pivot, RN, fibo, s/d...) to take a trade

Look the chart
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 100 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #8,427
  • Oct 5, 2011 6:44am Oct 5, 2011 6:44am
Quoting boubafx
City,

i don't know much fibo too, but i see that often they are respected.

Lots of people used them, it's not a question of magic number, it's just that ther are tons of order at this level.

I used it and try to have the more confluence (TL, Pivot, RN, fibo, s/d...) to take a trade

Look the chart
Yes, I do see many people respect Fib levels, its my problem that dnot know where to pick the top and bottom for 0 & 100, or the other way round, so I give up on this

No worry, everyone has his/her own weapon to trade.
  • #8,428
  • Oct 5, 2011 7:12am Oct 5, 2011 7:12am
Hey guys,

Big news is coming, do something else to relax yourself (hoho, if no open order in hand).

These days I spent my time with my fish tank quite a lot, quite good to look after them in between the trading time

The point is, don't over trading, pick something else to release your mind.

Trade safe all.
Attached Image (click to enlarge)
Click to Enlarge Name: my fish.jpg Size: 52 KB
  • #8,429
  • Oct 5, 2011 7:22am Oct 5, 2011 7:22am
Hey Mat,

You recognise the fishes? Those pelcos come from South Africa

Quoting Buildcity
Hey guys,

Big news is coming, do something else to relax yourself (hoho, if no open order in hand).

These days I spent my time with my fish tank quite a lot, quite good to look after them in between the trading time

The point is, don't over trading, pick something else to release your mind.

Trade safe all.
  • #8,430
  • Oct 5, 2011 9:50pm Oct 5, 2011 9:50pm
A rather easy one to spot, but in Asia market session....... so slow, and China is in holiday. Made a lttle, no bother.
Attached Image (click to enlarge)
Click to Enlarge Name: 20111006-1044.jpg Size: 63 KB
  • #8,431
  • Oct 6, 2011 12:18am Oct 6, 2011 12:18am
Quoting Buildcity
Hey Mat,

You recognise the fishes? Those pelcos come from South Africa
That is why they call us the Rainbow nation. We have a lot of colours.

  • #8,432
  • Oct 6, 2011 1:09am Oct 6, 2011 1:09am
Quoting trade price
to all the traders who is stragling: try to stay away from less than 15 mins TF until you get very good at price action.. first learn to feel the market...rest will come slowly...
all the best
Regards
sho
Thanks for the advice, Sho.
Quote
...its just relaxsation music...if you want mp3 version i can post let me know....
Please. If it is not difficult for you.

all the best Regards
Fedor
"To become a pro you have to think like a pro". Sho
  • #8,433
  • Oct 6, 2011 2:47am Oct 6, 2011 2:47am
Hi boubafx,

Thanks for you sharing. Let's struggle together !

cheers,

kk007

Quoting boubafx
Hello kk

I'm still a learner.

I begin to well master the PB, it's the only setup i have more tp than stoploss.

Unlike Sho and City, i have not a good feeling for the market (the sixth sense), and to see if the market shows its hands or not.

I'm discipline and trade with the momentum then corrective and a solid setup (PB).

Without that i have as loss as win.

It's why i decide to master one setup first, and day after day i look for the good PB to feel with time which ones is good and which is not.

I try to learn CT PB, but with CT i...
  • #8,434
  • Oct 6, 2011 3:36am Oct 6, 2011 3:36am
My first trade today: EUR/USD short

Entry: Pin bar
http://img338.imageshack.us/img338/3...011eurusd1.gif

Stopped: -7p
http://img84.imageshack.us/img84/9084/061011eurusd2.gif
  • #8,435
  • Oct 6, 2011 5:22am Oct 6, 2011 5:22am
Didn't work out as expected on this top down play, quit with minor profit
Attached Image (click to enlarge)
Click to Enlarge Name: 20111006-1817.jpg Size: 45 KB
  • #8,436
  • Oct 6, 2011 5:43am Oct 6, 2011 5:43am
Quoting Buildcity
Didn't work out as expected on this top down play, quit with minor profit
Hi City,

Do you just post winners?

cheer
  • #8,437
  • Oct 6, 2011 8:13am Oct 6, 2011 8:13am
Quoting Buildcity
Didn't work out as expected on this top down play, quit with minor profit
More 3 bar later you would get big winner. I am just lucky with GBP. It's just trading. We never know the result. It wasn't an intraday trade (took it yesterday) but I will post here

GBP/AUD short

Entry: D1 supply level, pin bar
http://img830.imageshack.us/img830/5...011gbpaud1.gif

Trail SL
http://img812.imageshack.us/img812/6...011gbpaud2.gif

Take profit: +390p
http://img801.imageshack.us/img801/2...011gbpaud3.gif
  • #8,438
  • Oct 6, 2011 8:32am Oct 6, 2011 8:32am
Hello guys,

As i said severals days ago, i try to learn PB CT (on demo)

I look for high confluence

This one is good: RET62 of H1 upmove, RN and a good support on the left

i took a 2:1 TP

Ct is very hard, and i try to take the very very high prob setup.


I ve had too much loss with CT PB, so i am very very conservative now and learn slowly

I forget to show the RSI which have div
Attached Image (click to enlarge)
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,439
  • Oct 6, 2011 10:28am Oct 6, 2011 10:28am
got stopped out... price got 1 pip higher and mySL was hit...
but that was my plan and market showed me HE was right
Attached Image (click to enlarge)
Click to Enlarge Name: chf2.gif Size: 31 KB
  • #8,440
  • Oct 6, 2011 10:50am Oct 6, 2011 10:50am
Quoting Gravi
got stopped out... price got 1 pip higher and mySL was hit...
but that was my plan and market showed me HE was right
Hello, Gravi!

Please. One question.

Do you know Russian language?
"To become a pro you have to think like a pro". Sho
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