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Intraday price action trend trading

  • #10,241
  • Aug 16, 2012 8:27am Aug 16, 2012 8:27am
Quoting stevepatt
Hi Alec,

I was watching on the 15m chart, didn't take a trade because of red news. Now waiting for a retrace to the 1.23000 RN.
Hi Steve,
Today we had couple of more opportunities. I didn't play that, was busy with something else. Hope somebody played it.
3 possible entries
Attached Image (click to enlarge)
Click to Enlarge Name: gu201208161.jpg Size: 89 KB
Look for reasons not to take a trade.
  • #10,242
  • Edited 10:19am Aug 16, 2012 9:26am | Edited 10:19am
Not the best play, but it was with the trend
I cut my profits too early. Will work on exits again.
Attached Image (click to enlarge)
Click to Enlarge Name: eu201208162.gif Size: 21 KB
Look for reasons not to take a trade.
  • #10,243
  • Aug 17, 2012 12:56am Aug 17, 2012 12:56am
Sold NU @ 0.8094 for 12 pips target
Forex Learner
  • #10,244
  • Edited 1:49am Aug 17, 2012 1:30am | Edited 1:49am
Short on AU

How it looks on the 4h chart

Out for 1.5R return. EU moving the other way.

Going to be away for about a week, good luck with the trading.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 17th Aug AU 15m Chart.jpg Size: 114 KB
Click to Enlarge Name: 17th Aug AU 4h Chart.jpg Size: 113 KB
  • #10,245
  • Aug 17, 2012 1:56am Aug 17, 2012 1:56am
Quoting stevepatt
Short on AU

How it looks on the 4h chart

Out for 1.5R return. EU moving the other way.

Going to be away for about a week, good luck with the trading.
Hi Steve!
Nice trade. Have a good time on your trip
Look for reasons not to take a trade.
  • #10,246
  • Aug 17, 2012 1:57am Aug 17, 2012 1:57am
Possible scenario?
Attached Image (click to enlarge)
Click to Enlarge Name: eu201208171.gif Size: 286 KB
Look for reasons not to take a trade.
  • #10,247
  • Aug 17, 2012 2:17am Aug 17, 2012 2:17am
Quoting overseaz
Hi Steve!
Nice trade. Have a good time on your trip
Cheers Alec I will

See you all later next week.
  • #10,248
  • Aug 17, 2012 2:20am Aug 17, 2012 2:20am
Quoting overseaz
Possible scenario?
I think that supply level might be exhuasted and we might be headed up to the next supply level.
  • #10,249
  • Aug 17, 2012 2:34am Aug 17, 2012 2:34am
Quoting stevepatt
I think that supply level might be exhuasted and we might be headed up to the next supply level.
I agree. Anything can happen.
Attached Image (click to enlarge)
Click to Enlarge Name: eu201208172.gif Size: 286 KB
Look for reasons not to take a trade.
  • #10,250
  • Edited 10:11am Aug 17, 2012 9:21am | Edited 10:11am
3 trades done on EJ 2 loses and 1 win broke even
-6
-8
+12
KEEP IT SIMPLE PIPPING
  • #10,251
  • Aug 17, 2012 9:22am Aug 17, 2012 9:22am
Sorry can't post chart. I trade mobile
KEEP IT SIMPLE PIPPING
  • #10,252
  • Aug 20, 2012 9:24am Aug 20, 2012 9:24am
This looks like a valid signal to me.
EU short. Was a quick loss. If i was wrong please show me
Attached Image (click to enlarge)
Click to Enlarge Name: EU.jpg Size: 167 KB
  • #10,253
  • Aug 20, 2012 10:04am Aug 20, 2012 10:04am
Quoting Clean Chart
This looks like a valid signal to me.
EU short. Was a quick loss. If i was wrong please show me
Hello CC, my point of view on your trades.

Attached Image

- Yellow circle show there's demand there.

- Blue rectangle show price configuration that price trying to break demand level, but failed & close bullish.

- Several bar later, many bar with long lower wick but still close bullish. Until that bearish PB appear. By this point, i'll be caution entering short. I'll be entering short IF only that bearish PB break downside, it'll safer than entering on retracement. I think this is what Sho's say in one of his post, "i'll enter if price showing it's going to continue move up/down". Maybe i'm wrongly remember what's exactly Sho's word, but i think it's the meaning of his word.

You'll get extra hint if you watch correlation of what happened on Euro at that phase (several candle with many lower wick but close bullish). It was USD going stronger but followed with EUR going stronger too, so price making choppy action there.
  • #10,254
  • Aug 20, 2012 10:40am Aug 20, 2012 10:40am
Thanks pipmunks!

Great explanation
  • #10,255
  • Edited 11:43am Aug 20, 2012 10:43am | Edited 11:43am
Buy on M15 PB, retest of demand level. Already BE, possible 1st TP @ yellow line below RN 0.8100.

Attached Image


Update :
Attached Image


Attached Image
  • #10,256
  • Aug 21, 2012 2:03am Aug 21, 2012 2:03am
Quoting pipmunks
Buy on M15 PB, retest of demand level. Already BE, possible 1st TP @ yellow line below RN 0.8100.

Attachment

Update :
Attachment

Attachment
Hi Pipmunks,
Nice trade!
It's nice to see you here again.
Look for reasons not to take a trade.
  • #10,257
  • Aug 21, 2012 2:05am Aug 21, 2012 2:05am
Hi guys,
Is it time for EU to go higher, what do you think?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu201208211.gif Size: 29 KB
Click to Enlarge Name: eu201208212.gif Size: 30 KB
Look for reasons not to take a trade.
  • #10,258
  • Aug 21, 2012 2:29am Aug 21, 2012 2:29am
Impulsive > Corrective > Pin Entry
Attached Image (click to enlarge)
Click to Enlarge Name: eu201208213.gif Size: 19 KB
Look for reasons not to take a trade.
  • #10,259
  • Aug 21, 2012 3:30am Aug 21, 2012 3:30am
Quoting overseaz
Impulsive > Corrective > Pin Entry
I thought EU can go to Supply level Exited too early again.
Exits are more important then Entry. I remember.
Attached Image (click to enlarge)
Click to Enlarge Name: eu201208214.gif Size: 283 KB
Look for reasons not to take a trade.
  • #10,260
  • Aug 22, 2012 10:26am Aug 22, 2012 10:26am
Hi Guys

Got two trades today. Was just about 1 hour in front of the screen.

2 times long because of the pinbarsetup. Made some money.

But i am struggling with my trading. Dont know exactly what i am doing wrong. Most trades are stops and the trades i dont take become big runner.
Hope you guys are doing better. I´m going to review my journal at the end of this month.

Many pips to all of you!
Attached Image (click to enlarge)
Click to Enlarge Name: eceu.jpg Size: 262 KB
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