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Intraday price action trend trading

  • #9,301
  • Feb 14, 2012 4:31am Feb 14, 2012 4:31am
Quoting khairul81
Just took this trades guys..
Nice trades Khairul. However, do you realize the correlation between EUR/USD and EUR/JPY or EUR/USD or NZD/USD? IMO, 60 - 70% of the time EUR/USD and EUR/JPY move the same direction. See 2 charts at the same time, you'll have the answer. I won't be surprised if all of your trades will be winners/losses. By doing this you'll double (triple) your profit or your risk.

Good trading!
  • #9,302
  • Feb 14, 2012 4:34am Feb 14, 2012 4:34am
Hi Cc,if you were to look at Sho's previous post there is an an answer to that.

2 same answers in the first thread.

Pg 38,Post 559 and Pg 138,Post 2061

Some traders are aggresive n some are conservative.The results will always vary so choose to be 1 type of trader n don't forget the stoploss.

Kai
  • #9,303
  • Feb 14, 2012 4:37am Feb 14, 2012 4:37am
Hi Simply,yes i do know of the correlation and the dollar index hit support too so i short it.
  • #9,304
  • Feb 14, 2012 4:58am Feb 14, 2012 4:58am
Quoting Clean Chart
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
Hi Clean Chart,

I do like to see the pin bar at Support/Resistance levels on corrective move. However, your pin bars appeared at the impulsive move. See the chart
Attached Image
  • #9,305
  • Feb 14, 2012 7:39am Feb 14, 2012 7:39am
Thank you guys!
  • #9,306
  • Feb 15, 2012 4:08am Feb 15, 2012 4:08am
EUR/USD long
Entry
http://img43.imageshack.us/img43/5079/150212eurusd1.gif

BE
http://img263.imageshack.us/img263/1...212eurusd2.gif

Stopped: +4p. I was a little greedy and tried to trail SL. Bad exit.
http://img705.imageshack.us/img705/3...212eurusd3.gif
  • #9,307
  • Feb 15, 2012 4:26am Feb 15, 2012 4:26am
just short GU @1.5693, let see the result


updated : stoped out
Attached Image (click to enlarge)
Click to Enlarge Name: short gu 20120215.gif Size: 15 KB
  • #9,308
  • Feb 15, 2012 4:40am Feb 15, 2012 4:40am
GBP/USD short
Entry
http://img23.imageshack.us/img23/5343/150212gbpusd1.gif

BE
http://img839.imageshack.us/img839/5...212gbpusd2.gif

Closed: +7p
http://img85.imageshack.us/img85/6672/150212gbpusd3.gif
  • #9,309
  • Feb 15, 2012 9:00am Feb 15, 2012 9:00am
1.3130 is imho a good level to short, at less for a 10-15 pips bounce.

I wait to see the PA and certainly i will try the level
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 80 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #9,310
  • Feb 15, 2012 9:47am Feb 15, 2012 9:47am
EUR/USD short and quick stop: -3.5p
http://img4.imageshack.us/img4/3514/150212eurusd21.gif
  • #9,311
  • Feb 15, 2012 2:57pm Feb 15, 2012 2:57pm
First part
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu46.jpg Size: 76 KB
Click to Enlarge Name: eu48.jpg Size: 67 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #9,312
  • Feb 15, 2012 2:59pm Feb 15, 2012 2:59pm
Next
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu50.jpg Size: 84 KB
Click to Enlarge Name: eu51.jpg Size: 77 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #9,313
  • Feb 15, 2012 3:02pm Feb 15, 2012 3:02pm
Next 2
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu58.jpg Size: 76 KB
Click to Enlarge Name: eu54.jpg Size: 57 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #9,314
  • Feb 15, 2012 3:06pm Feb 15, 2012 3:06pm
Next 3
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu57.jpg Size: 67 KB
Click to Enlarge Name: eu55.jpg Size: 58 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #9,315
  • Edited 5:05pm Feb 15, 2012 3:07pm | Edited 5:05pm
Last
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu59.jpg Size: 70 KB
Click to Enlarge Name: eu56.jpg Size: 75 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #9,316
  • Feb 15, 2012 8:29pm Feb 15, 2012 8:29pm
Took Long on AudUsd on the arrow..
End Up with Loss..
I thought it was Up Momentum..so took the retrace on the keltner..

Appreciate your comment guys..
thanks..
Attached Image (click to enlarge)
Click to Enlarge Name: fail pbar.jpg Size: 84 KB
  • #9,317
  • Feb 16, 2012 2:32am Feb 16, 2012 2:32am
My thoughts about your trade. First i would as well think momentum changed an would have looked for a long, but then ...

look at your chart.
Attached Image (click to enlarge)
Click to Enlarge Name: fxprince12.gif Size: 58 KB
  • #9,318
  • Feb 16, 2012 2:47am Feb 16, 2012 2:47am
Hi bouba

Some really nice trades! Would you please explain why you were looking for a long in post 9313. Same time I was looking for a short. Did you try to play the Support?

And would you please tell why the TP3 in the second chart in post 9315 was that late? Price went down this area before.

Thank you!
  • #9,319
  • Feb 16, 2012 3:16am Feb 16, 2012 3:16am
Quoting Fxprince12
Took Long on AudUsd on the arrow..
End Up with Loss..
I thought it was Up Momentum..so took the retrace on the keltner..

Appreciate your comment guys..
thanks..
My thought on your trade
Attached Image (click to enlarge)
Click to Enlarge Name: fail%20pbar.jpg Size: 66 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #9,320
  • Feb 16, 2012 3:27am Feb 16, 2012 3:27am
Quoting Clean Chart
Hi bouba


And would you please tell why the TP3 in the second chart in post 9315 was that late? Price went down this area before.

Thank you!
When the price first touched my TP3 as planned, the price was moved fastly, so i was a little greedy and try to take a little more. As i saw price was stallen and went back up, i decided to take the money at my TP3. The first throwback i fastly took the money.
I hear and I forget. I see and I remember. I do and I understand.
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