Long from 1.4897 francis. Doesn't look good though. The sharks made a real nice meal out of me on these trades.

Intraday price action trend trading

Yes Bankshot, within a pip. Is that in the rule set?

Intraday price action trend trading

Thanks for the tip Francis. Going long GU again.

Intraday price action trend trading

Went long on both. Only EU survives!

Intraday price action trend trading

I think I'll be taking those GU and EU pin bars in 4 mins....are you?

Intraday price action trend trading

You bet we are. Best thing that ever happened to my trading.

Intraday price action trend trading

Just me and you now iak. Where the hell has everyone gone?

Intraday price action trend trading

Thanks iak, me too. 10 minutes is a long time to wait tho.

Intraday price action trend trading

Bouncing off prior support. I guess the momentum bars we've just seen should keep us in long mode, rather than short the resistance. What do you guys think?

Intraday price action trend trading

Looking good on GU and EU now. Hopefully get a nice signal. With this kind of momentum I bet it doesn't reach the 50% retrace level.

Intraday price action trend trading

GU is another matter. I think I'd like to see this bullish impulse take out the last swing high prior to the big red momentum bar before thinking about going long. Any thoughts guys?

Intraday price action trend trading

Looks like EU might be turning up at last. Daily range has been exceeded by a fair margin. Waiting for pull back once this impulse is done.

Intraday price action trend trading

Just back from lunch. Thanks for the great help today Sho. You'll make a trader of me yet.

Intraday price action trend trading

Thanks for confirming Francis. On my charts the high of the signal bar is at 1.49635. That would have given me a stop of high + spread (3) + margin (1) = 1.49675 If I'd entered on the close (1.49468) my stop would have been 20.7 If I'd entered on ...

Intraday price action trend trading

You certainly can pick 'em Francis. But your stops must be pretty large. I couldn't take that one - even with the small retrace.

Intraday price action trend trading

Thanks Sho, wonder why the market behaves like that? I can understand why Fridays might swing around as no one wants to pursue a move into the weekend but Wednesdays? Perhaps the big institutions load up on a Wednesday and the large orders coming in ...

Intraday price action trend trading

Francis, The signal bar fell too far for an immediate entry so I placed a limit order expecting at least a 38% retrace of the signal bar but it never made it. Sho was right about it being higher risk due to the daily TL. It didn't get that far to ...

Intraday price action trend trading

Morning Kurt, yes there's been some very useful discussions this morning and some live advice from the master thrown in. Great stuff.

Intraday price action trend trading

Nice one Francis, I missed that while I was distracted by the AUD setup. Doh.

Intraday price action trend trading

Why is that Sho?

Intraday price action trend trading