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Intraday price action trend trading

  • #9,281
  • Feb 8, 2012 8:23am Feb 8, 2012 8:23am
Hi Bouba,

Thanks for your advice. I am trying to improve my trade management skill. However, mutiple TP or scale out doesn't work for me. Hope it works for you.
  • #9,282
  • Feb 9, 2012 12:53am Feb 9, 2012 12:53am
Quoting stevepatt
Are we going to get a test of former resistance and is it going to hold could be the start of a new trading range?
The resistance looks like it's turning to support but how far is this new trading range going to go?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 9th Feb EU 1h Chart.jpg Size: 148 KB
Click to Enlarge Name: 9th Feb EU 4h Chart.jpg Size: 195 KB
  • #9,283
  • Feb 9, 2012 2:12am Feb 9, 2012 2:12am
Took this short trade, after looking at Bouba's and Simplicity's trades and re-reading the essence of Sho's thread I can see more clearly.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 9th Feb EU 5m Chart.jpg Size: 97 KB
Click to Enlarge Name: 9th Feb EU 5m Chart 2.jpg Size: 104 KB
  • #9,284
  • Feb 9, 2012 5:46am Feb 9, 2012 5:46am
Did anyone trade these set ups? Would anyone else consider them valid set ups?
Attached Image (click to enlarge)
Click to Enlarge Name: 9th Feb EU 5m Chart 4.jpg Size: 105 KB
  • #9,285
  • Feb 9, 2012 8:03am Feb 9, 2012 8:03am
GBP/USD long
Entry
http://img607.imageshack.us/img607/3...212gbpusd1.gif

BE
http://img210.imageshack.us/img210/6...212gbpusd2.gif

Closed: +17p
http://img407.imageshack.us/img407/8...212gbpusd3.gif
  • #9,286
  • Feb 9, 2012 10:06am Feb 9, 2012 10:06am
Quoting simplicity
GBP/USD long
Entry
http://img607.imageshack.us/img607/3...212gbpusd1.gif

BE
http://img210.imageshack.us/img210/6...212gbpusd2.gif

Closed: +17p
http://img407.imageshack.us/img407/8...212gbpusd3.gif
Hi Simplicity,

Nice trade using a very small SL, ideally it would have been good to get the small PN stopping dead at previous short term resistance turning to support.

I think finding such reversal points and using a very small SL is the way to go I still need the Keltner Channel to help with this.
  • #9,287
  • Feb 10, 2012 1:27am Feb 10, 2012 1:27am
Quoting stevepatt
Hi Simplicity,

Nice trade using a very small SL, ideally it would have been good to get the small PN stopping dead at previous short term resistance turning to support.

I think finding such reversal points and using a very small SL is the way to go I still need the Keltner Channel to help with this.
Thanks Steve. What does "PN" stand for?
  • #9,288
  • Feb 10, 2012 2:01am Feb 10, 2012 2:01am
Quoting simplicity
Thanks Steve. What does "PN" stand for?
Sorry it was meant to be PB Pin Bar.

I'm going to be away for about a week, having a break, be good to re-charge the batteries.
  • #9,289
  • Feb 10, 2012 3:51am Feb 10, 2012 3:51am
Have a nice holiday Steve
I took this trade just before the news then wiped out and look it ran. It's better to wait for the news releasing
http://img195.imageshack.us/img195/9...212gbpusd1.gif

http://img41.imageshack.us/img41/7625/100212gbpusd2.gif
  • #9,290
  • Feb 10, 2012 4:59am Feb 10, 2012 4:59am
GBP/USD long
Entry
http://img441.imageshack.us/img441/9...12gbpusd21.gif

BE
http://img685.imageshack.us/img685/1...12gbpusd22.gif

Closed: +9p
http://img717.imageshack.us/img717/3...12gbpusd23.gif
  • #9,291
  • Feb 10, 2012 9:14am Feb 10, 2012 9:14am
GBP/USD long
Entry
http://img338.imageshack.us/img338/7...12gbpusd31.gif

BE
http://img338.imageshack.us/img338/9...12gbpusd32.gif

Closed: +5p
http://img813.imageshack.us/img813/8...12gbpusd33.gif
  • #9,292
  • Feb 12, 2012 5:45am Feb 12, 2012 5:45am
Really nice trades simplicity!

Would you please explain why you entered the trade in post #9290 and why you exit it where you did?

And would you please explain the trade #9291 ? For me it looks like you thought momentum changed and you took the PB. But why did you exit? It was a very good exit! But i think for me it would have been just BE because price changed. I hope to learn
  • #9,293
  • Feb 13, 2012 4:10am Feb 13, 2012 4:10am
GBP/USD long
Entry
http://img848.imageshack.us/img848/6...212gbpusd1.gif

No momentum -> Got out
http://img853.imageshack.us/img853/2...212gbpusd2.gif

It would be a loss if I had kept this trade
http://img560.imageshack.us/img560/2...212gbpusd3.gif
  • #9,294
  • Feb 13, 2012 4:12am Feb 13, 2012 4:12am
Quoting Clean Chart
Really nice trades simplicity!

And would you please explain the trade #9291 ? For me it looks like you thought momentum changed and you took the PB. But why did you exit? It was a very good exit! But i think for me it would have been just BE because price changed. I hope to learn
Yes, you are right. I'll explain my analysis with chart later.
Good trading!
  • #9,295
  • Edited 7:15am Feb 13, 2012 5:47am | Edited 7:15am
Quoting Clean Chart
Really nice trades simplicity!

Would you please explain why you entered the trade in post #9290 and why you exit it where you did?
When I reviewed this trade last weekend, I wondered whether I was lucky. I was against the momentum. See my pic
http://img694.imageshack.us/img694/3...12gbpusd23.gif


Quoting Clean Chart
And would you please explain the trade #9291 ? For me it looks like you thought momentum changed and you took the PB. But why did you exit? It was a very good exit! But i think for me it would have been just BE because price changed. I hope to learn
Your analysis is right. However, we were against the big down move and up momentum was not strong (see 3 green candles) so I didn't expect too much. I would close the trade with profit if it reverse from resistance zone.
http://img835.imageshack.us/img835/8...12gbpusd33.gif
  • #9,296
  • Feb 13, 2012 7:49am Feb 13, 2012 7:49am
Thank you very much simplicity!
  • #9,297
  • Feb 13, 2012 8:22am Feb 13, 2012 8:22am
Just took this trades guys..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej.gif Size: 23 KB
Click to Enlarge Name: eu.gif Size: 23 KB
Click to Enlarge Name: nu.gif Size: 20 KB
  • #9,298
  • Feb 13, 2012 10:03am Feb 13, 2012 10:03am

Nice trades khairul81. I took the EUR/JPY in the M15

  • #9,299
  • Feb 13, 2012 10:03pm Feb 13, 2012 10:03pm
Quoting Clean Chart

Nice trades khairul81. I took the EUR/JPY in the M15

Thanks CC! Hope you r doing ok with ur trading.

Kai
  • #9,300
  • Feb 14, 2012 2:45am Feb 14, 2012 2:45am
I took 2 entrys short in the eur/usd. Both stoped out with little loss. I just want to know what do you think about the entrys? Was everything right or do someone see a mistake?

Thx
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt-2.gif Size: 23 KB
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