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Intraday price action trend trading

  • #9,941
  • May 22, 2012 2:14am May 22, 2012 2:14am
I only tend to trade EU, this is what I'm looking for this morning.
Attached Image (click to enlarge)
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  • #9,942
  • May 22, 2012 3:21am May 22, 2012 3:21am
We may get direction after GBP CPI & PSNB figures come out, I don't trade pound pairs anymore but whichever way that goes it may drag EU along with it
  • #9,943
  • Edited 4:13am May 22, 2012 3:47am | Edited 4:13am
EURUSD short @ 1.27912. TP 1.2751. SL is currently at break even. Gonna let this ride out

Closed @ 1.27598, +31 pips
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  • #9,944
  • May 22, 2012 4:38am May 22, 2012 4:38am
Is anyone else having connection problems with FXPRO MT4 accounts this morning?

edit, it seems to have sorted itself out.
  • #9,945
  • May 22, 2012 4:54am May 22, 2012 4:54am
Quoting GDR3k
Is anyone else having connection problems with FXPRO MT4 accounts this morning?

edit, it seems to have sorted itself out.
That's why I switched to Pepper Stone from FX Pro. And first 3 -4 days had disconnected a lot also
Look for reasons not to take a trade.
  • #9,946
  • May 22, 2012 5:01am May 22, 2012 5:01am
Quoting overseaz
That's why I switched to Pepper Stone from FX Pro. And first 3 -4 days had disconnected a lot also
Whats their ecn account like?
  • #9,947
  • May 22, 2012 6:52am May 22, 2012 6:52am
One bad entry on 5M - 7.
Reentered with pin from 1H Demand zone. RR 1:2 = +21
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Look for reasons not to take a trade.
  • #9,948
  • May 22, 2012 6:55am May 22, 2012 6:55am
Quoting GDR3k
Whats their ecn account like?
I don't use ECN yet. Just MT4. I like it so far. I still have FX Pro just in case.
Look for reasons not to take a trade.
  • #9,949
  • May 22, 2012 7:38am May 22, 2012 7:38am
audusd is back at its daily pivot and quarter number, which is higher than todays low, my bias will be long should it confirm
  • #9,950
  • May 22, 2012 7:51am May 22, 2012 7:51am
Stopped out
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Look for reasons not to take a trade.
  • #9,951
  • Edited 11:36am May 22, 2012 8:22am | Edited 11:36am
EURJPY possible head & shoulders forming.
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  • #9,952
  • May 22, 2012 12:20pm May 22, 2012 12:20pm
Hi Guys!

Hope your tradingday was better than mine. Today I had to give the market some money back. But that’s trading, you don’t know which trade is a winner and which one a looser.

Attached 3 trades in EA.


1: A bit to risky. No clear priceaction. Short / Stopped out


2: I would call it a very good signal. Pinbar and 50% fib. Short / Stopped out. (Newstime in GBP)


3: No clear pinbar but I would call it a valid signal. Almost pin + resistance. Short / Stopped out

Your thoughts about the trades are welcome. Try to watch them like realtime.
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  • #9,953
  • May 22, 2012 12:34pm May 22, 2012 12:34pm
Quoting GDR3k
Whats their ecn account like?
Im trying the pepperstone ecn real now for about 3 weeks. Dont know if it is a real ecn, because you can trade microlot and get it already at 200$.

Had about 20 trades with only 0,01 lot to try the account.

Very quick marketorders, TP and SL. Some of the best spreads ive seen until know. Slippage SL max -0,5 pip TP +0,3 pip

Looks like a good broker right now. Im giving it a try with some bigger ordes.
  • #9,954
  • May 22, 2012 2:11pm May 22, 2012 2:11pm
Hi Clean, hope you don´t mind to give you my thougths about your chart...as i stated in the chart, i think the main reason why the trades failed was because you didn´t realize that momentum changed to the upside already (in my opinion of course).


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Good trading to all...
  • #9,955
  • May 22, 2012 2:33pm May 22, 2012 2:33pm
Quoting Clean Chart
Hi Guys!

Hope your tradingday was better than mine. Today I had to give the market some money back. But that’s trading, you don’t know which trade is a winner and which one a looser.

Attached 3 trades in EA.


1: A bit to risky. No clear priceaction. Short / Stopped out


2: I would call it a very good signal. Pinbar and 50% fib. Short / Stopped out. (Newstime in GBP)


3: No clear pinbar but I would call it a valid signal. Almost pin + resistance. Short / Stopped out

Your thoughts about the trades are welcome....
Hi Chris,
Here is my view on your trades. That's how I see it (please see the charts). I know it's easy after the fact. I don't know if it will make you feel better I have a down day too. I noticed that I miss some good setups during my lunch break and decided to watch the market without 2 hour break before NY. I guess I was so tired, so I took the trade and completely forgot about US news. Another one was revenge trade. More and more I believe that psychology is 80% in trading. Like Sho says: who's to blame..... I look at the market now and see few perfect setups I missed anyway. No more overtrading
Alec
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Look for reasons not to take a trade.
  • #9,956
  • May 22, 2012 3:26pm May 22, 2012 3:26pm
Since that downmove on EURJPY it has put my in a fair bit of profit today, 85+ pips for the day.
  • #9,957
  • May 22, 2012 3:48pm May 22, 2012 3:48pm
Quoting Clean Chart
Im trying the pepperstone ecn real now for about 3 weeks. Dont know if it is a real ecn, because you can trade microlot and get it already at 200$.

Had about 20 trades with only 0,01 lot to try the account.

Very quick marketorders, TP and SL. Some of the best spreads ive seen until know. Slippage SL max -0,5 pip TP +0,3 pip

Looks like a good broker right now. Im giving it a try with some bigger ordes.
Decent, whats their minimum order distance in pips, from current price? FXPRO mt4 its 5 full pips, which can be quite inconvenient I've found.
  • #9,958
  • Edited 3:12am May 23, 2012 1:56am | Edited 3:12am
USDCAD short at some decent resistance, 1.0224, SL has been moved to break even.

Stopped at BE, blah.
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  • #9,959
  • May 23, 2012 2:07am May 23, 2012 2:07am
Hello guys....i'm back from my holiday. Hope ur doing fine with your trading.
Want to share my trades here.
Entry : PB on M15. Trying to ride possible move north looking from 4H perspective.
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Stopped out :
Attached Image
  • #9,960
  • May 23, 2012 2:15am May 23, 2012 2:15am
Quoting pipmunks
Hello guys....i'm back from my holiday. Hope ur doing fine with your trading.
Want to share my trades here.
Entry : PB on M15. Trying to ride possible move north looking from 4H perspective.
Attachment
Morning guys!
Hi Pipmunks, Welcome back
Look for reasons not to take a trade.
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