We've seen a retrace of 50% and price could be getting ready to drop again. Rob

Intraday price action trend trading

Pip, Great to see you here. There is a lot of material to read through but what I recommend is that you start at Post #1 of Sho's (tradeprice) educational thread. In post #1 you will also find a PDF (direct link to PDF here) which AlanOne was good ...

Intraday price action trend trading

Great entry Red!

Price is everything

GBPUSD short at 1.5073 & 1.5057 — As you know, I was looking for supply to exceed demand at that zone in the way that it did earlier today. I lost 24 pips earlier in trying to get in on it as there was obviously not enough supply yet so my ...

Intraday price action trend trading

No idea mate. Just some big player(s) with some big sell order(s) at that previously proven supply zone. Rob

Intraday price action trend trading

I've 50% of a new position aggresively short at 1.5073 and the other 50% at 1.5057. Let's see if a rejection out of the previous supply zone works out this time. I was stopped out (24 pip loss) on my earlier attempt to get short here. Rob

Intraday price action trend trading

I've 50% of a position aggresively short at 1.5073 and the other 50% at 1.5057. Rob

Price is everything

Ant thanks, Just got stopped out. Rob

Intraday price action trend trading

Short GBPUSD at 1.5037 — USDLFX 30 min chart below suggests the Dollar might be regaining some strength as it bounced off that trendline ...which could translate into GBPUSD heading back down from the supply zone it's sitting below right now. ...

Intraday price action trend trading

Spot on Eric, Let's see if this is an area of excessive supply. A little bit of price action suggests it "might be" ...but let's see Rob

Intraday price action trend trading

Does supply still exceed demand here? — This is the 15 min chart and I'm keen to see whether supply still exceeds demand upon the market's revisit to the blue zone. Rob

Intraday price action trend trading

Very nice work Sho

Intraday price action trend trading

That gap has now been filled as the LFXJPY plummets along with the crosses. Rob

Intraday price action trend trading

Morning Sho. Yes it was an excellent move down. Rob

Intraday price action trend trading

Good to see you here HA

Intraday price action trend trading

CADJPY Gap — The CADJPY short is currently up 40 pips with 'potentially' a long way to go. Interestingly there's a gap on my 15 min charts (2 brokers); just below current price, which hasn't been filled yet. Rob

Intraday price action trend trading

Minor pullbacks prior to news — Minor pullbacks and 'potential' 15 min pins taking shape on many pairs, prior to news in 3 mins - including the dollar index shown in earlier post. Rob

Intraday price action trend trading

Absolutely Eric It's my view that they are attempting to trigger even more stops before GB news comes out in 30 mins and the move continues on it's way. Hope you had a good weekend. Rob

Intraday price action trend trading

USDLFX - 4hr — Look at the rejection we are seeing below of the USD from the white demand zone, which had previously been a clear supply zone. Rob

Intraday price action trend trading

GBPUSD - next demand zone — Friday's cable sell-off played out nicely. See chart on the left. Looking at the 3rd target, let's see whether there is still an imbalance of demand over supply at this zone. See today's chart on the right. Note ...

Intraday price action trend trading