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Intraday price action trend trading

  • #9,321
  • Feb 16, 2012 3:51am Feb 16, 2012 3:51am
Quoting Clean Chart
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?


Thank you!
The first chart is the same (M1) i posted yesterdaY

The second is the M5 with my explanation and my thought before have taken the trade. I have taken the trade just before the close of the 5M PB entry
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu58.jpg Size: 76 KB
Click to Enlarge Name: eu.jpg Size: 83 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #9,322
  • Feb 16, 2012 4:12am Feb 16, 2012 4:12am
Quoting Clean Chart
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.
I think i would have taken the chance to go the long, but your analysis is good Clean : This big PB shows that there is a big bear power at this level and maybe go long after a such setup is a little risky
I hear and I forget. I see and I remember. I do and I understand.
  • #9,323
  • Feb 16, 2012 4:18am Feb 16, 2012 4:18am
Hi guys..
thanks for your comments..
  • #9,324
  • Feb 16, 2012 4:37am Feb 16, 2012 4:37am
GBP/USD long
Entry
http://img407.imageshack.us/img407/9...212gbpusd1.gif

Stopped: -4p
http://img580.imageshack.us/img580/4...212gbpusd2.gif
  • #9,325
  • Feb 16, 2012 10:15am Feb 16, 2012 10:15am
Took this long trade on EU. The setup bar found support at Keltner Channel and formed a PB it also held at a strong S/R level.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 16th Feb EU 5m Chart.jpg Size: 93 KB
Click to Enlarge Name: 16th Feb EU 15 Chart.jpg Size: 99 KB
  • #9,326
  • Feb 17, 2012 7:08am Feb 17, 2012 7:08am
GBP/USD long
Entry
http://img268.imageshack.us/img268/2...212gbpusd1.gif

BE
http://img543.imageshack.us/img543/3...212gbpusd2.gif

Got some pips just before NY session open: +11p
http://img100.imageshack.us/img100/7...212gbpusd3.gif
  • #9,327
  • Feb 17, 2012 9:37am Feb 17, 2012 9:37am
EUR/JPY M15 insidebar
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt-1.gif Size: 27 KB
  • #9,328
  • Feb 18, 2012 4:09am Feb 18, 2012 4:09am
This is a trade I took yesterday, with a 6 pip SL and a 12 pip TP, I didn't have time to post it yesterday.

It's the type of set up I particularly look for, I like to see an impulsive move break short term resistance, for long trades, and the corrective move finds support at previous resistance and the Keltner Channel also acts as support for entering and in this case I exited at nearest resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: 17th Feb EU 5m Chart.jpg Size: 122 KB
  • #9,329
  • Feb 20, 2012 2:25am Feb 20, 2012 2:25am
Wasn't up in time to catch this trade but it again shows what I'm looking for.

Chart should read "Momentum breaks SUPPORT" it's too early.
Attached Image (click to enlarge)
Click to Enlarge Name: 20th Feb EU 5m Chart.jpg Size: 93 KB
  • #9,330
  • Feb 20, 2012 3:25am Feb 20, 2012 3:25am
Quoting Clean Chart
EUR/JPY M15 insidebar
Hi Clean Chart, Did you see the insider bar at the swing high? IMO, you should trail your SL below the mother bar.
  • #9,331
  • Feb 20, 2012 3:28am Feb 20, 2012 3:28am
Thanks Steve for sharing
  • #9,332
  • Feb 20, 2012 3:32am Feb 20, 2012 3:32am
Nice trade Steve. The first one is my favourite set up but I missed it. I would pass the second one because it did not reach previous support.

Good trading!
  • #9,333
  • Feb 20, 2012 3:35am Feb 20, 2012 3:35am
Quoting simplicity
Hi Clean Chart, Did you see the insider bar at the swing high? IMO, you should trail your SL below the mother bar.

Hey simplicity!

I didnt get it. Where bussy doing something else. But you are completly right! Would be a much better trademanagment!!! Thank you for your comment and opening my eyes
  • #9,334
  • Feb 20, 2012 4:42am Feb 20, 2012 4:42am
EUR/USD short
Took the inside bar and quick loss: -4p
http://img443.imageshack.us/img443/3...eurusd1qvd.gif
  • #9,335
  • Feb 20, 2012 6:25am Feb 20, 2012 6:25am
Quoting simplicity
EUR/USD short
Took the inside bar and quick loss: -4p
http://img443.imageshack.us/img443/3...eurusd1qvd.gif
Hi Simplicity,

I would have taken the long here but had to go out at this time so sat on my hands.

This is what I saw.
Attached Image (click to enlarge)
Click to Enlarge Name: 20th Feb EU 5m Chart 2.jpg Size: 109 KB
  • #9,336
  • Feb 20, 2012 7:43am Feb 20, 2012 7:43am
Hi Steve,

I don't use MMLs so I don't see the support as you did. I trade naked chart, just Support/Resistance combine with momentum. I agree with you that trend was up. But I saw the momemtum change (see my chart: corrective turned to impulsive) and inside bar. So I went short. Nice to see other's point of view

Good trading!
http://img213.imageshack.us/img213/6...212eurusd1.gif
  • #9,337
  • Feb 20, 2012 8:30am Feb 20, 2012 8:30am
Quoting simplicity
Hi Steve,

I don't use MMLs so I don't see the support as you did. I trade naked chart, just Support/Resistance combine with momentum. I agree with you that trend was up. But I saw the momemtum change (see my chart: corrective turned to impulsive) and inside bar. So I went short. Nice to see other's point of view

Good trading!
http://img213.imageshack.us/img213/6...212eurusd1.gif
Hi Simplicity,

I congratulate you on being able to trade naked, I've stripped off as much as I dare, I must be more bashful than you LOL.
  • #9,338
  • Feb 20, 2012 8:36am Feb 20, 2012 8:36am
There is not too much volatility. Just remember today is bank holiday in USA. I am off now. Good luck and see you tomorrow!
  • #9,339
  • Feb 20, 2012 9:02am Feb 20, 2012 9:02am
nice trade city , i would have also taken short considering the momentum but i would have waited for breakout of ib to down side , so it was not triggered i guess , just my opinion

Quoting simplicity
EUR/USD short
Took the inside bar and quick loss: -4p
http://img443.imageshack.us/img443/3...eurusd1qvd.gif
Tough Times Never Last But Tough People Do
  • #9,340
  • Feb 20, 2012 1:09pm Feb 20, 2012 1:09pm
Quoting loog12us
nice trade city , i would have also taken short considering the momentum but i would have waited for breakout of ib to down side , so it was not triggered i guess , just my opinion
Me to. I wait for the break of the IB in the direction of momentum. Stop is a bit bigger but the signal is more clear. Just to think about it.
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