Intraday price action trend trading | Page 493 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MultiTimeFrame Trend Trading with Price Action 242 replies

Any Recommendations on Learning Intraday Price Action Trading 5 replies

Price Pattern Notifications/Trend Alert Price Action Scanner 7 replies

Trend following intraday breakout - my trading journal 11 replies

intraday trend trading with price action 2,063 replies

Attachments: Intraday price action trend trading
Exit Attachments

Intraday price action trend trading

  • #9,841
  • May 14, 2012 4:17am May 14, 2012 4:17am
USDCAD short @ 1.00392, TP at monthly support @ 1.0028 (in the pic below it says 1.00251 but its been moved to 1.0028)

manually closed @ 1.00282.
Attached Image (click to enlarge)
Click to Enlarge Name: 99999.jpg Size: 113 KB
  • #9,842
  • May 14, 2012 4:36am May 14, 2012 4:36am
EURUSD is currently at a daily support which is a few pips under a quarter number after a brief bounce down from a monthly resistance level, will be looking for a long with a TP of 1.2893, waiting for confirmation of a change of direction (which for me means waiting for the current 5 min candle to close either a pin bar, spinning top, engulfing candle or an inside bar, and the next one to open and move in the direction I want...)
  • #9,843
  • May 14, 2012 5:00am May 14, 2012 5:00am
Quoting GDR3k
EURUSD is currently at a daily support which is a few pips under a quarter number after a brief bounce down from a monthly resistance level, will be looking for a long with a TP of 1.2893, waiting for confirmation of a change of direction (which for me means waiting for the current 5 min candle to close either a pin bar, spinning top, engulfing candle or an inside bar, and the next one to open and move in the direction I want...)
We're thinking the same thing
  • #9,844
  • May 14, 2012 5:50am May 14, 2012 5:50am
Momentum change after big bullish bar. Give this setup a go.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 6 48 PM.png Size: 13 KB
  • #9,845
  • May 14, 2012 6:12am May 14, 2012 6:12am
11 pips NJ
Attached Image (click to enlarge)
Click to Enlarge Name: nj.jpg Size: 106 KB
  • #9,846
  • May 14, 2012 6:24am May 14, 2012 6:24am
Bearish engulfing @ supply.
Attached Image (click to enlarge)
Click to Enlarge Name: UCAD 7 21 pm.png Size: 12 KB
  • #9,847
  • May 14, 2012 7:45am May 14, 2012 7:45am
15M Wedge break in the direction of 15M trend
Attached Image (click to enlarge)
Click to Enlarge Name: eu12.gif Size: 273 KB
Look for reasons not to take a trade.
  • #9,848
  • May 14, 2012 9:10am May 14, 2012 9:10am
One more wedge breakout and trend continuation.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej12.gif Size: 274 KB
Click to Enlarge Name: ej13.gif Size: 276 KB
Click to Enlarge Name: ej14.gif Size: 273 KB
Look for reasons not to take a trade.
  • #9,849
  • May 14, 2012 10:07am May 14, 2012 10:07am
USDCAD short @ 1.0040 TP hit @ 1.0028

Pinbar right on daily resistance, TP was the monthly support.

Missed out on a nice 75 pip move on EURJPY earlier, right around a whole number aswell, dame.
Attached Image (click to enlarge)
Click to Enlarge Name: 99999.jpg Size: 102 KB
  • #9,850
  • May 14, 2012 10:10am May 14, 2012 10:10am
Classic Range and Breakout pattern
Attached Image (click to enlarge)
Click to Enlarge Name: gu11.gif Size: 285 KB
Look for reasons not to take a trade.
  • #9,851
  • May 14, 2012 10:18am May 14, 2012 10:18am
I was stopped out a BE on that move north on GU, I went long @ 1.60681 & moved my stop to break even after that big 5m candle right before the pullback, the pullback stopped me out, crazy pound, my TP was just below the monthly support @ 1.61080 which would of been hit if I'd of kept my original stop loss, oh well!!
Attached Image (click to enlarge)
Click to Enlarge Name: 99999.jpg Size: 117 KB
  • #9,852
  • Edited 10:38am May 14, 2012 10:24am | Edited 10:38am
Quoting GDR3k
I was stopped out a BE on that move north on GU, I went long @ 1.60681 & moved my stop to break even after that big 5m candle right before the pullback, the pullback stopped me out, crazy pound, my TP was just below the monthly support @ 1.61080 which would of been hit if I'd of kept my original stop loss, oh well!!
I'm working on exits myself. Closed to early +20 instead of +30 pips. Patience and clear mind is the key to our success
At least that wasn't a loss, means money in a long run
Look for reasons not to take a trade.
  • #9,853
  • May 14, 2012 10:45am May 14, 2012 10:45am
Quoting overseaz
I'm working on exits myself. Closed to early +20 instead of +30 pips. Patience and clear mind is the key to our success
At least that wasn't a loss, means money in a long run
Yeah, If it was any other pair I'd of left my stop where it was but I hate pound pairs with a passion as they're very volatile and largely unpredictable (and having caused much financial pain in the past ), it was more of a 'gut feeling' trade after failing to break through the 1.6050 area all of today along with daily support and monthly support there aswell, my original stop was down at 1.6035. My TP was set at 1.61080 which was a pip or so under a monthly resistance level, so that was OK and would of been hit for a nice 40+ peps.
  • #9,854
  • May 14, 2012 10:51am May 14, 2012 10:51am
Quoting GDR3k
Yeah, If it was any other pair I'd of left my stop where it was but I hate pound pairs with a passion as they're very volatile and largely unpredictable (and having caused much financial pain in the past ), it was more of a 'gut feeling' trade after failing to break through the 1.6050 area all of today along with daily support and monthly support there aswell, my original stop was down at 1.6035. My TP was set at 1.61080 which was a pip or so under a monthly resistance level, so that was OK and would of been hit.
Hope it was a good day for everybody. See you guys tomorrow. No overtrading
Look for reasons not to take a trade.
  • #9,855
  • May 14, 2012 4:08pm May 14, 2012 4:08pm
Quoting overseaz
Hope it was a good day for everybody. See you guys tomorrow. No overtrading
It was so-so today, not made as much as I had liked however still in the green.

What percentage % of your account do you risk per trade?
  • #9,856
  • May 15, 2012 4:43am May 15, 2012 4:43am
AUDUSD short @ 0.99942, bounce off the whole number, TP 0.9955. SL 1.0022, 8 pips above todays high.
Attached Image (click to enlarge)
Click to Enlarge Name: 99999.jpg Size: 123 KB
  • #9,857
  • Edited 6:24am May 15, 2012 5:48am | Edited 6:24am
Quoting GDR3k
AUDUSD short @ 0.99942, bounce off the whole number, TP 0.9955. SL 1.0022, 8 pips above todays high.
Same direction, managed to get in a little higher.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 6 45 PM.png Size: 13 KB

Close all +12.
  • #9,858
  • May 15, 2012 6:04am May 15, 2012 6:04am
Attached Image (click to enlarge)
Click to Enlarge Name: EU 7 01 PM.png Size: 12 KB

Out for quick +7.
  • #9,859
  • May 15, 2012 6:27am May 15, 2012 6:27am
PB on significant S/R zone. Expecting this re-test recent broken low.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 7 23 PM.png Size: 11 KB
  • #9,860
  • Edited 7:19am May 15, 2012 6:57am | Edited 7:19am
Exit buy position, re-test complete. Short it now.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 7 55 PM.png Size: 12 KB


Out for +3, let news out first.
24 traders viewing now