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Intraday price action trend trading

  • #8,521
  • Oct 18, 2011 5:20am Oct 18, 2011 5:20am
EUR/USD long

Entry: Counter trend but there was strong momentum + pin bar
http://img703.imageshack.us/img703/3...11eurusd21.gif

Trail SL (I was lucky. Price almost hit my SL but it didn't)
http://img404.imageshack.us/img404/5...11eurusd22.gif

Closed: +14p
http://img831.imageshack.us/img831/3...11eurusd23.gif

I am off now. See you at NY session
  • #8,522
  • Oct 18, 2011 5:28am Oct 18, 2011 5:28am
Quoting simplicity
EUR/USD long

Entry: Counter trend but there was strong momentum + pin bar


Trail SL (I was lucky. Price almost hit my SL but it didn't)


Closed: +14p


I am off now. See you at NY session
I took the same on GU but only 6 pips
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,523
  • Oct 18, 2011 5:42am Oct 18, 2011 5:42am
+10 pips (RR 1:1) on GU again after the PB
Attached Image (click to enlarge)
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,524
  • Oct 18, 2011 5:54am Oct 18, 2011 5:54am
Between my two win trade i had a BE on GU too
Attached Image (click to enlarge)
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,525
  • Oct 18, 2011 6:39am Oct 18, 2011 6:39am
Been pretty busy after uni to full time job so heres my trade on GU. Trading higher TF due to lack of time.
Had limits set in EU and AU but short of about 20 pips to my limit and then went away.
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Consistency goes a Long Way
  • #8,526
  • Oct 18, 2011 7:07am Oct 18, 2011 7:07am
Quoting blazingheart
Been pretty busy after uni to full time job so heres my trade on GU. Trading higher TF due to lack of time.
Had limits set in EU and AU but short of about 20 pips to my limit and then went away.
Be careful Blaz, the momentum is green, and you short against this green momentum. CT is hardier
I hear and I forget. I see and I remember. I do and I understand.
  • #8,527
  • Oct 18, 2011 8:31am Oct 18, 2011 8:31am
Quoting boubafx
Be careful Blaz, the momentum is green, and you short against this green momentum. CT is hardier
When its 1:1 I'll quickly set to be (gotta be really careful). What I saw was Sam Seiden's least resistance rule.
Consistency goes a Long Way
  • #8,528
  • Oct 18, 2011 8:42am Oct 18, 2011 8:42am
Quoting blazingheart
When its 1:1 I'll quickly set to be (gotta be really careful). What I saw was Sam Seiden's least resistance rule.
This supply zone is (imho) not very strong, only two little red bar with high and low week.

The 1.5687-1.5762 was greater and there have had a good reaction at end of october
I hear and I forget. I see and I remember. I do and I understand.
  • #8,529
  • Oct 18, 2011 9:00am Oct 18, 2011 9:00am
I'm tired to see this green and red bar today.

Now, watch what i see . I have a problem, no?
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,530
  • Oct 18, 2011 9:35am Oct 18, 2011 9:35am
Short the bar after the bear PB and move my stop at BE+4 very quickly.

So stopped out with +4 pips
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,531
  • Oct 18, 2011 10:37am Oct 18, 2011 10:37am
Long after the gree Pb. The price go fast against me, i kill the trade at +3 pips.

Again with the short (after the bear PB): + 3 pips.

The price didn't want to go in my direction!!!!!

I have had to close this two trade with + 6 pips total
Attached Image (click to enlarge)
Click to Enlarge Name: uc.jpg Size: 66 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #8,532
  • Oct 18, 2011 1:25pm Oct 18, 2011 1:25pm
Quoting boubafx
Long after the gree Pb. The price go fast against me, i kill the trade at +3 pips.

Again with the short (after the bear PB): + 3 pips.

The price didn't want to go in my direction!!!!!

I have had to close this two trade with + 6 pips total
Hey Bouba! Have you changed your rules bro?
  • #8,533
  • Oct 18, 2011 1:58pm Oct 18, 2011 1:58pm
Quoting Gravi
Hey Bouba! Have you changed your rules bro?
When i don't have a solid setup i move my stop to BE+3-4 very quickly
I hear and I forget. I see and I remember. I do and I understand.
  • #8,534
  • Oct 18, 2011 8:24pm Oct 18, 2011 8:24pm
Quoting boubafx
Long after the gree Pb. The price go fast against me, i kill the trade at +3 pips.

Again with the short (after the bear PB): + 3 pips.

The price didn't want to go in my direction!!!!!

I have had to close this two trade with + 6 pips total
I Think you have had a better feeling of order flow. However the R:R is so poor (3risks or more for 1 reward?). You'll need over 80% win/loss ratio to make money with this R:R. We all know that any things can happen, any trade can be winner or loser. And more trades mean more stress. Please be patient. Try to take the solid set up. These set up will pay you more. We are here to make money not for other reasons. No set up no trade. Just my personal ideas. Trading is more personal so do whatever suit you.

Cheer!
  • #8,535
  • Oct 19, 2011 1:07am Oct 19, 2011 1:07am
i agree , i am loosing about 70-80% of the trades but i am still on about breakeven because my R:R is 1:2 or some times 3 , and i am strictly following it , now i have learnt why is it important to move to break even soon after 1:1 RR is achieved, and i think it will not be far away when i will be in +, as i am protecting the capital while still learning by experiencing it.

Quoting simplicity
I Think you have had a better feeling of order flow. However the R:R is so poor (3risks or more for 1 reward?). You'll need over 80% win/loss ratio to make money with this R:R. We all know that any things can happen, any trade can be winner or loser. And more trades mean more stress. Please be patient. Try to take the solid set up. These set up will pay you more. We are here to make money not for other reasons. No set up no trade. Just my personal ideas. Trading is more personal so do whatever suit you.

Cheer!
Tough Times Never Last But Tough People Do
  • #8,536
  • Oct 19, 2011 2:55am Oct 19, 2011 2:55am
Quoting simplicity
I Think you have had a better feeling of order flow. However the R:R is so poor (3risks or more for 1 reward?). You'll need over 80% win/loss ratio to make money with this R:R. We all know that any things can happen, any trade can be winner or loser. And more trades mean more stress. Please be patient. Try to take the solid set up. These set up will pay you more. We are here to make money not for other reasons. No set up no trade. Just my personal ideas. Trading is more personal so do whatever suit you.

Cheer!
It's just that now i trail my stop to BE+2 or BE+3 fastly.

I hate loosing, so i prefer have little gain; i have seen too many time a 0.9R winner become a BE. Even little win is good for confidence.

Protect the capital is for me the first thing. What i want is that the weakest trade go to the BE+2 or +3 (i don't like see the winner go to a loss) and the strongest trade go rapidely to the 2:1 TP.

But it's a conservative approach, you're right, each trader must do what it suit him.
I hear and I forget. I see and I remember. I do and I understand.
  • #8,537
  • Oct 19, 2011 3:06am Oct 19, 2011 3:06am
I enter after the PB.

I follow the rules: no reation after three bars. I kill the trade with a little win (+3 pips). My capital is protected and i had a grow a little my account
Attached Image (click to enlarge)
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,538
  • Oct 19, 2011 3:12am Oct 19, 2011 3:12am
Guys, see the reaction of the best entry: fast TP.

That's want i look for now.

As Sho said, when no reaction after 3 bars, we must kill the trade because the chance is better that the trade will be a loss

TRADE MANAGEMENT AND EXIT.
19*when i will enter if trade doesnot move in my direction after 3rd bar i will close the trade because there is more chance that it will go against me.there is no reason to hold that trade. unless i see another signal bar in the direction of i am trading.
Attached Image (click to enlarge)
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,539
  • Oct 19, 2011 3:20am Oct 19, 2011 3:20am
My first trade today after hours waiting 1:1 +10pip. Confluence of clear S/R and TL, and PA in M1.
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  • #8,540
  • Oct 19, 2011 3:54am Oct 19, 2011 3:54am
I tried an IB break for a 1:1 and stopped out. Lower probability agressive trade --- there was divergence, 4H was flat but was above RN and old resistance. I was upset because I missed the earlier PB and I thought this would run to the upside more.

I am trying IB, OB for 1/2 my usual contract size for 1:1 RR up to 20 pip SL max. I might be answering my own question here because I have been burned on this type of trade most of the time but here goes anyway.
Any thoughts,comments or ideas on trading IB, OB?
Attached Image
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