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Intraday price action trend trading

  • #8,541
  • Oct 19, 2011 4:01am Oct 19, 2011 4:01am
1:1 TP for this beautiful Pb. Nice reaction but it's against momentum so i take a quick TP (not confortable with Ct, but the PB was so beatiful)
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 60 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #8,542
  • Oct 19, 2011 4:10am Oct 19, 2011 4:10am
Entered after PB and nice retrace closed at old surport. There was stoch divergench. and 4h was flat. Stopped out for 10.
Attached Image
  • #8,543
  • Oct 19, 2011 4:17am Oct 19, 2011 4:17am
Quoting jozone1
Entered after PB and nice retrace closed at old surport. There was stoch divergench. and 4h was flat. Stopped out for 10.
good play Joe
I hear and I forget. I see and I remember. I do and I understand.
  • #8,544
  • Oct 19, 2011 4:38am Oct 19, 2011 4:38am
Quoting boubafx
good play Joe
Thanks, not feeling too confident at the moment because I have many paper losses on IB breakouts. Which should tell me something ----"DON'T TRADE THEM" ( not to say that IB trades are bad but I am not an expert at spotting them and I think I need more rules for them ) . But on the bright side I am following the rules (hard rules) for entry and exit which I did not have concretely established before.
  • #8,545
  • Oct 19, 2011 4:52am Oct 19, 2011 4:52am
Long this PB because it is a proper setup in an overall uptrend above recent support. I am a tad wary because it did just stall at a major resistance area around .8780 so we shall see how it plays out.
Attached Image
  • #8,546
  • Oct 19, 2011 5:07am Oct 19, 2011 5:07am
Trade followed up with a bearish OB which I read as momentum was not in my favor so I was lucky to take a scratch stop on the trade( I put the stop in when I had a very small profit to see if I could catch a run but did not) .
Attached Image
  • #8,547
  • Oct 19, 2011 6:01am Oct 19, 2011 6:01am
Exited at BE for my GU Daily trade. Just saw your post boubafx, yes it wasnt the best supply level i could find but i guess i have itchy fingers. Stick with the best and only the best setups now.
Consistency goes a Long Way
  • #8,548
  • Oct 19, 2011 8:56am Oct 19, 2011 8:56am
i get bored all the day when i dont find any good setup to trade
is there any chat room working for this thread? if yes please give me info , if no how many people are interested in chat room stuff.
Tough Times Never Last But Tough People Do
  • #8,549
  • Oct 19, 2011 9:11am Oct 19, 2011 9:11am
took 2 trades today first on eur usd , on bullish weakness and stopped out soon
second trade on GU on the 50% ret from recent swing plus bounce on trend line plus half way ret on pin bar and stopped out again ,
Attached Image (click to enlarge)
Click to Enlarge Name: eu and gu 19 oct 2 losses.gif Size: 50 KB
Tough Times Never Last But Tough People Do
  • #8,550
  • Oct 19, 2011 9:14am Oct 19, 2011 9:14am
good setup on Gu now
I hear and I forget. I see and I remember. I do and I understand.
  • #8,551
  • Oct 19, 2011 9:28am Oct 19, 2011 9:28am
I killed the trade a R:R 1:1 TP
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 59 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #8,552
  • Oct 19, 2011 9:35am Oct 19, 2011 9:35am
First entry, my stop just touc, a 1R loss

Second entry, it's a 1R win

No gain on this two trades!!!
Attached Image (click to enlarge)
Click to Enlarge Name: uc.jpg Size: 68 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #8,553
  • Oct 19, 2011 9:59am Oct 19, 2011 9:59am
good trade management mate , i usually hesitate to cut the trade when i set s/l on be.
Quoting boubafx
First entry, my stop just touc, a 1R loss

Second entry, it's a 1R win

No gain on this two trades!!!
Tough Times Never Last But Tough People Do
  • #8,554
  • Oct 19, 2011 10:05am Oct 19, 2011 10:05am
Quoting loog12us
good trade management mate , i usually hesitate to cut the trade when i set s/l on be.
The hardest part is too pick the best entry. The entry which go immediatly in the expected direction.

It's harder for me to kill a trade which go immediatly in the other direction, it's where i must work. it's why i try to pick the best entry

It's easiest to have a good trade management when price go immediately in your direction!!!!!
I hear and I forget. I see and I remember. I do and I understand.
  • #8,555
  • Oct 19, 2011 11:03am Oct 19, 2011 11:03am
Quoting loog12us
i get bored all the day when i dont find any good setup to trade
is there any chat room working for this thread? if yes please give me info , if no how many people are interested in chat room stuff.
Trading is boring. It's not fascinated as it looks. Try to overcome this feeling. Don't force yourself to take a trade without a solid set up. Don't overtrade. I almost went home without any trade and it appeared. So I took the trade and get nice profit: +11p.
http://img835.imageshack.us/img835/5...011audusd2.gif
  • #8,556
  • Oct 19, 2011 11:10am Oct 19, 2011 11:10am
Simpli, great setup, on RN. Very good play
I hear and I forget. I see and I remember. I do and I understand.
  • #8,557
  • Oct 20, 2011 2:36am Oct 20, 2011 2:36am
Quoting simplicity
Trading is boring. It's not fascinated as it looks. Try to overcome this feeling. Don't force yourself to take a trade without a solid set up. Don't overtrade. I almost went home without any trade and it appeared. So I took the trade and get nice profit: +11p.
http://img835.imageshack.us/img835/5...011audusd2.gif
Other trade come together, maybe market pays for my patience
CAD/JPY short
Entry: We can see how Fibonacci (0.618) works
http://img444.imageshack.us/img444/9...011cadjpy1.gif

Momentum was strong. Price almost hit TP when I was sleeping. Trail SL, protect myself first
http://img192.imageshack.us/img192/7...011cadjpy2.gif

TP:+77p (2:1 RR)
http://img11.imageshack.us/img11/5509/201011cadjpy3.gif
  • #8,558
  • Oct 20, 2011 3:11am Oct 20, 2011 3:11am
Quoting simplicity
Other trade come together, maybe market pays for my patience
CAD/JPY short
Entry: We can see how Fibonacci (0.618) works


Momentum was strong. Price almost hit TP when I was sleeping. Trail SL, protect myself first


TP:+77p (2:1 RR)
it seems to be a perfect H&S. I think a TP just above the neckline was a relatively sure TP (on the 75 RN).

You can see that the neckline is just on the S1 pivot weekly.

If a big red bar cross this S1 weekly it would be a good signal to short on the retrace of this S1 weekly imho

If there is a big green bar which will bounce on the level, a good signal to go long on the first retracement
Attached Image (click to enlarge)
Click to Enlarge Name: cj.jpg Size: 135 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #8,559
  • Oct 20, 2011 4:22am Oct 20, 2011 4:22am
Quoting boubafx
it seems to be a perfect H&S. I think a TP just above the neckline was a relatively sure TP (on the 75 RN).

You can see that the neckline is just on the S1 pivot weekly.

If a big red bar cross this S1 weekly it would be a good signal to short on the retrace of this S1 weekly imho

If there is a big green bar which will bounce on the level, a good signal to go long on the first retracement
Yes, bouba. It looks like HS
http://img818.imageshack.us/img818/9490/98873825.gif

How about the opposite side, it could be Double bottom pattern
http://img441.imageshack.us/img441/5466/98078368.gif

Everything can happen. We don't need to guess what it will be. Let's the market speaks first. Let's the market do its job. If it wants to form HS pattern, go short. If it wants to form Double pattern, go long

Good trading guys!
  • #8,560
  • Oct 21, 2011 1:15am Oct 21, 2011 1:15am
chf Daily TF - H & S formation is almost set up ( it should break the NL down to be completed)... all the rest major pairs (excepting chf crosses) are flatting..


hey! it is pretty quite in the thread.. where is Meg?? Elliot???? hmm...
Attached Image (click to enlarge)
Click to Enlarge Name: chf.gif Size: 27 KB
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