- Search Energy EXCH
- Sutts replied Jul 30, 2010
Agreed. Lots of bad habits to break I'm afraid.
Intraday price action trend trading
- Sutts replied Jul 30, 2010
I've got a feeling EU is about to turn back upwards from here but waiting for bullish momentum to confirm of course.
Intraday price action trend trading
- Sutts replied Jul 30, 2010
Well done, I'm kicking myself now. Watch that demand zone around 3024 though. I think I might have closed there. Strong H1 level at 3016 too.
Intraday price action trend trading
- Sutts replied Jul 30, 2010
I've always looked for the entire bar to be inside the previous bar. I think Sho uses that definition too but I could be wrong.
Intraday price action trend trading
- Sutts replied Jul 30, 2010
Oh well, I guess that's why Sho ignores bars on higher timescales.
That would have been a very nice trade.Intraday price action trend trading
- Sutts replied Jul 30, 2010
I'd be selling EU here but that mean looking H1 bullish pin has put me off.
Intraday price action trend trading
- Sutts replied Jul 30, 2010
Lots of support and we're back inside the triangle. Perhaps we'll see a nice break to the upside instead.
Intraday price action trend trading
- Sutts replied Jul 30, 2010
I guess experienced players would have taken the short break of that M15 IB after the clear divergence. I'm not that confident yet.
Intraday price action trend trading
- Sutts replied Jul 30, 2010
M15 triangle has just broken to downside. Looking for momentum and break of demand zone just below before considering shorts though.
Intraday price action trend trading
- Sutts replied Jul 30, 2010
Shame but plenty more opportunities around the corner. I don't think I'll take the next IB break as I don't like selling into strong demand. If you see how price shot out of that 3024 level last time then you can see why I'm worried.
Intraday price action trend trading
- Sutts replied Jul 30, 2010
Took the IB short on EU. Aiming for next demand zone around 1.3024 UPDATE: Cut with +13. 15M looks like recovering.
Intraday price action trend trading
- Sutts replied Jul 30, 2010
Bullish outside bar put me off shorting GU now.
Intraday price action trend trading
- Sutts replied Jul 30, 2010
Just waiting for a pullback on EU now. Not sure about GU. That big bullish momentum bar before the fall makes it difficult to call a change in momentum. Perhaps I need to wait for a decisive momentum break of the M15 fractal before I switch to ...
Intraday price action trend trading
- Sutts replied Jul 30, 2010
Not sure, EU momentum seems to be bearish to me now. I think I'll start looking for short entries now we have that last big M15 bearish momentum bar in place. Any thoughts?
Intraday price action trend trading
- Sutts replied Jul 30, 2010
Hi Milton, good to see you're still around. Combining bars like that is a clever trick.
Intraday price action trend trading
- Sutts replied Jul 30, 2010
Nice bullish momentum on GU. Not looking for longs due to divergence though. Same with EU.
Intraday price action trend trading