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Intraday price action trend trading

  • #9,741
  • Edited 5:00am May 9, 2012 4:47am | Edited 5:00am
Short EU after clear impulsive ended with PB closed below minor zone.
Risking only a little on this, because selling into support zone.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 9-5-2012 17-44.png Size: 13 KB

Close the lower position with tiny profit, didn't like the PA.
  • #9,742
  • Edited 4:08pm May 9, 2012 5:24am | Edited 4:08pm
Possible scenario?
Update: chart included
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 277 KB
Click to Enlarge Name: gu2.gif Size: 30 KB
Look for reasons not to take a trade.
  • #9,743
  • May 9, 2012 5:46am May 9, 2012 5:46am
Quoting overseaz
Possible scenario?
Watch the RN 1.6100. Pound getting strenght after GU hit the 1.6100, check other cross pair with Pound. Downward move on GU now depends on strenght of USD.
  • #9,744
  • May 9, 2012 6:06am May 9, 2012 6:06am
Spot this setup. Bullish OB on M5, grab quick 9 pip.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 9-5-2012 19-02.png Size: 11 KB
  • #9,745
  • May 9, 2012 12:48pm May 9, 2012 12:48pm
Quoting pipmunks
Spot this setup. Bullish OB on M5, grab quick 9 pip.
Attachment
Nice
Didn't work today because of the local holiday. See you tomorrow guys.
Look for reasons not to take a trade.
  • #9,746
  • May 10, 2012 2:35am May 10, 2012 2:35am
GU: updated charts
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu3.gif Size: 286 KB
Click to Enlarge Name: gu4.gif Size: 271 KB
Look for reasons not to take a trade.
  • #9,747
  • May 10, 2012 3:07am May 10, 2012 3:07am
Today
Attached Image (click to enlarge)
Click to Enlarge Name: gu5.gif Size: 272 KB
Look for reasons not to take a trade.
  • #9,748
  • May 10, 2012 3:10am May 10, 2012 3:10am
Quoting overseaz
GU: updated charts
Spot a good PB for CT trade, bounce from minor RN & supply zone. Did you catch the trade too Alec?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 10-5 16-10.png Size: 12 KB
  • #9,749
  • May 10, 2012 3:16am May 10, 2012 3:16am
Quoting pipmunks
Spot a good PB for CT trade, bounce from minor RN & supply zone. Did you catch the trade too Alec?
Attachment
Hi Pipmunks,
Nope. Have to spend less time on FF
Look for reasons not to take a trade.
  • #9,750
  • Edited 3:39am May 10, 2012 3:24am | Edited 3:39am
I was long on USDCAD @ 1.00070, TP was just below the daily pivot @ 1.00228 which was hit a few minutes ago. As you can see that bounce from daily support down near 0.99931 was just a stop hunt below the previous 'double bottom' from yesterday, thus pushing the price up back above the whole number and pulling away from the monthy S/R aswell.

Edit - seems I caught a good little move there, the price has bounced from the daily pivot on its way back down.
Attached Image (click to enlarge)
Click to Enlarge Name: 99999.jpg Size: 121 KB
  • #9,751
  • Edited 6:20am May 10, 2012 3:28am | Edited 6:20am
Expect a choppy trade on this.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD 10-5 16-20.png Size: 16 KB


Add lower after PB formed :
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD 10-5 16-20 Update.png Size: 13 KB


Close all :
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD 19-20 Update.png Size: 13 KB
  • #9,752
  • May 10, 2012 3:42am May 10, 2012 3:42am
Will good News help GU to go up?
Attached Image (click to enlarge)
Click to Enlarge Name: gu6.gif Size: 270 KB
Look for reasons not to take a trade.
  • #9,753
  • May 10, 2012 3:52am May 10, 2012 3:52am
Hey guys

Stoked that I have found this thread.

Made this trade on EURUSD today, 10 pips stop 10 pip TP.
Price squeezing up strongly, mother candle then inside pin off the daily pivot.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 10May.jpg Size: 46 KB
  • #9,754
  • May 10, 2012 3:58am May 10, 2012 3:58am
Intraday trend wins
Attached Image (click to enlarge)
Click to Enlarge Name: gu7.gif Size: 275 KB
Look for reasons not to take a trade.
  • #9,755
  • May 10, 2012 4:07am May 10, 2012 4:07am
Quoting overseaz
Intraday trend wins
The last big bear bar on GU looks like an exhaustion bar to me. Let PA tell us.
  • #9,756
  • May 10, 2012 4:15am May 10, 2012 4:15am
Quoting pipmunks
The last big bear bar on GU looks like an exhaustion bar to me. Let PA tell us.
Could be the case of reversal. Will see
Let's not forget about News:
15:00GBP
Asset Purchase Facility
Official Bank Rate
TentativeGBP
MPC Rate Statement
Attached Image (click to enlarge)
Click to Enlarge Name: gu8.gif Size: 24 KB
Look for reasons not to take a trade.
  • #9,757
  • May 10, 2012 4:27am May 10, 2012 4:27am
gbpusd has stalled at a monthly pivot just under the whole number, will be looking for a long should it break away.

edit - eurusd is still falling, gbpusd may follow
  • #9,758
  • Edited 7:50am May 10, 2012 5:27am | Edited 7:50am
Channel, PB, minor RN 0.7850.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD 18-26.png Size: 15 KB


Closed some & move SL.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD 18-26 Update.png Size: 14 KB


Final TP hit @ upper channel & below RN. Worth 1:3 RR.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD 18-26 Update 2.png Size: 14 KB
  • #9,759
  • May 10, 2012 6:23am May 10, 2012 6:23am
2 Demand zones. 1st is not fresh and 2nd one is not that great quality level. Will see if the price will drop that low.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 275 KB
Click to Enlarge Name: eu1.gif Size: 268 KB
Look for reasons not to take a trade.
  • #9,760
  • May 10, 2012 7:56am May 10, 2012 7:56am
Quoting pipmunks
Channel, PB, minor RN 0.7850.
Attachment

Closed some & move SL.
Attachment

Final TP hit @ upper channel & below RN. Worth 1:3 RR.
Attachment
Very nice!
Look for reasons not to take a trade.
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