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Intraday price action trend trading

  • #8,981
  • Dec 7, 2011 3:11am Dec 7, 2011 3:11am
Quoting stevepatt
It might be giving you too much to think about at once but look out for supply and demand levels as well.
Like Buildcity said get the basics right first and move on from there.
Haha, dont threaten the new comers, I've been struggling around supply and demand / support and resistance for years.
  • #8,982
  • Dec 7, 2011 3:17am Dec 7, 2011 3:17am
Quoting Buildcity
Haha, dont threaten the new comers, I've been struggling around supply and demand / support and resistance for years.
Me too, I'm no expert at any of this it's purely subjective as I see it, and I think that's all we can do, and hopefully as we gain experience we get better at picking levels of importance.
  • #8,983
  • Dec 7, 2011 3:21am Dec 7, 2011 3:21am
Quoting stevepatt
Me too, I'm no expert at any of this it's purely subjective as I see it, and I think that's all we can do, and hopefully as we gain experience we get better at picking levels of importance.
sure
  • #8,984
  • Dec 7, 2011 3:21am Dec 7, 2011 3:21am
Quoting stevepatt
It might be giving you too much to think about at once but look out for supply and demand levels as well.
Like Buildcity said get the basics right first and move on from there.
Thank you for the notes... If anyone has a second to look at the EU again... if the current bar (9:15 am GMT). if the current bar closes blue and back above the bottom of the kentler channel would this be a buy signal?

ill post a pic asap

EDIT: Added picture attachment
Attached Image (click to enlarge)
Click to Enlarge Name: EU 15 12-7-11 2.jpg Size: 107 KB
  • #8,985
  • Dec 7, 2011 3:39am Dec 7, 2011 3:39am
Quoting xcasper
Thank you for the notes... If anyone has a second to look at the EU again... if the current bar (9:15 am GMT). if the current bar closes blue and back above the bottom of the kentler channel would this be a buy signal?

ill post a pic asap

EDIT: Added picture attachment
I've read some old stuff about how to use KC, some of them said if the price go beyoung the outer line then it presented a strong signal on this direction. ~ which means go for short play in your case, but I never use it for my entry signal coz I think it is bit chasing price, that's what we dont want.

In your case, beware the big red candle, it tells you the upward momentum is changed. wait and see further development would be better.
  • #8,986
  • Dec 7, 2011 3:41am Dec 7, 2011 3:41am
Quoting Buildcity
I've read some old stuff about how to use KC, some of them said if the price go beyoung the outer line then it presented a strong signal on this direction. ~ which means go for short play in your case, but I never use it for my entry signal coz I think it is bit chasing price, that's what we dont want.

In your case, beware the big red candle, it tells you the upward momentum is changed. wait and see further development would be better.
thx. City do you ever use other charts as a reference for a trade?
  • #8,987
  • Dec 7, 2011 3:48am Dec 7, 2011 3:48am
Quoting xcasper
thx. City do you ever use other charts as a reference for a trade?
No, what I post is what I am trading with..
  • #8,988
  • Dec 7, 2011 3:49am Dec 7, 2011 3:49am
Hello guys. Hope u all trading well.

Does anyone catch this too?
Attached Image (click to enlarge)
Click to Enlarge Name: 18.jpg Size: 119 KB
  • #8,989
  • Dec 7, 2011 3:54am Dec 7, 2011 3:54am
Quoting pipmunks
Hello guys. Hope u all trading well.

Does anyone catch this too?
Attachment
nice trade, no i didn't see it
  • #8,990
  • Dec 7, 2011 3:55am Dec 7, 2011 3:55am
Quoting pipmunks
Hello guys. Hope u all trading well.

Does anyone catch this too?
Attachment
To Xcasper,

Pipmunks just demo on IB out break trade
  • #8,991
  • Dec 7, 2011 3:58am Dec 7, 2011 3:58am
Quoting Buildcity
To Xcasper,

Pipmunks just demo on IB out break trade
my AUD 15 min chart does not match his... I do not have a green bar after that giant red bar drop...
Attached Image (click to enlarge)
Click to Enlarge Name: AUD 15 12-7-11 2.jpg Size: 102 KB
  • #8,992
  • Dec 7, 2011 4:02am Dec 7, 2011 4:02am
Quoting xcasper
my AUD 15 min chart does not match his... I do not have a green bar after that giant red bar drop...
different brocker has different price feed, get use to it.
  • #8,993
  • Dec 7, 2011 4:20am Dec 7, 2011 4:20am
ah ok didnt realize they were that different
  • #8,994
  • Dec 7, 2011 4:47am Dec 7, 2011 4:47am
City, do you watch psyco #s when you trade?
  • #8,995
  • Dec 7, 2011 4:59am Dec 7, 2011 4:59am
Quoting xcasper
City, do you watch psyco #s when you trade?
No, just price chart as displayed.

I remember some days before I watched the cross ref between EU / EJ / GU / GJ / AU / AJ / UC etc, they did quite promising with each other, but now I am no bother to watch all but just stick to 4 major I liked ~ GU / EJ / GJ and gold.

Just a personal preference, and just keep it simple.

Quite boring today since London opening, see you all in NY session. Trade safe.

City
  • #8,996
  • Dec 7, 2011 5:47am Dec 7, 2011 5:47am
Nice trade in EUR/GBP

sell 0,8594
stop 0,8605 movend to BE (0,8593) at 1:1
T/P 0,8568 (demand level)

Hope someone else did get it as well
Attached Image (click to enlarge)
Click to Enlarge Name: TP.gif Size: 20 KB
  • #8,997
  • Dec 7, 2011 5:53am Dec 7, 2011 5:53am
Quoting Clean Chart
Nice trade in EUR/GBP

sell 0,8594
stop 0,8605 movend to BE (0,8593) at 1:1
T/P 0,8568 (demand level)

Hope someone else did get it as well
sweet one clean c,

i see more dojis and bearish followthrough for u to re-enter multiple times

thats a nice dang swing
Have I got something on my face, SOLDIER?
  • #8,998
  • Dec 7, 2011 5:55am Dec 7, 2011 5:55am
Quoting Clean Chart
Nice trade in EUR/GBP

sell 0,8594
stop 0,8605 movend to BE (0,8593) at 1:1
T/P 0,8568 (demand level)

Hope someone else did get it as well
So did u enter at the close of that PB that you have pointed out?
  • #8,999
  • Dec 7, 2011 6:29am Dec 7, 2011 6:29am
Quoting Clean Chart
Nice trade in EUR/GBP

sell 0,8594
stop 0,8605 movend to BE (0,8593) at 1:1
T/P 0,8568 (demand level)

Hope someone else did get it as well
. I spot that setup as well, but didn't take it. I'm using EG only as reference.
Ex: EU & GU show bullish movement & i'm waiting for long setup. So i check EG. If EG bullish, i prefer long on EU rather than GU. Same as opposite.
  • #9,000
  • Dec 7, 2011 7:00am Dec 7, 2011 7:00am
Quoting xcasper
So did u enter at the close of that PB that you have pointed out?
No, i entered 10:45 (germany) at the open of the new bar, market order. It was not exactly at the open because i was a little late, just seconds. Open was at 0,8593. My Market order 0,8594. One extra pip for me, but that was just luck. I would enter as well if the price would go down (0,8592; 0,8591 ...), because that is what my setup told me.

I always enter at the new Bar. At this PB-Setup

Often you see a perfect PB but in the last seconds of this Bar the PB becomes a normal bar.

I hope you know what i mean. English is not my native language, sry.
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