Comment by Indy on September 21, 2012 at 11:23am

Update

Even while I was writing this it moved,

thats why I don't blog much while trading

This is how it looks now, half profit taken at 1.2985, SL above BE, let it ride,

catch you later,

Indy

Comment by Peter jcp on September 21, 2012 at 11:48am

Nice Trade Indy - yes still scalping it and as I type and in gate chatroom I am in a scalp buy with 65 low as my initial stop - could be HL from other lows ?

I like your analogues Lisa - liked the dancing one yesterday and this one you have just posted ;-))

Taken 83 off as scalp buy profit - so can relax a few minutes as been a really great day so far for intraday short termers.

With the Ocean and boat analogue  - be careful the Ocean Liner is not the Titanic and the Jet Ski not being manned by a non swimming novice - if so you are going to sink lol

Comment by Romano on September 21, 2012 at 1:13pm

On that timeframe, its about liquidity runs rather than trends.

Comment by Indy on September 21, 2012 at 1:51pm

Hi again,

Got a bit of time again, so heres those charts again with some fractals added to show highs and lows, and the trusty 20 and 50 ma's

Up?

Down?

Up?

 

So was that trend following or counter trend? 

Seriously, was it? I don't know.

 

Indy

 

Comment by Indy on September 21, 2012 at 1:54pm

Hi Romano,

On which timeframe? The 5min, 15min, 1 hr or 4hr?

Regards

Indy

 

Comment by Indy on September 21, 2012 at 2:05pm

If you consider 4hr charts too short to define real trends I can take a look at the daily

Up?

and the weekly

Down?

Anyone ready to call a trend now?

 

Indy

 

 

Comment by Indy on September 21, 2012 at 2:22pm

Hi lisa,

Yes, the ocean,  waves within tides analogy is perhaps my favorite one for multiple timeframe analysis. I've never heard the ocean liner, jetski analogy before maybe it describes the long timefame traders vs short timeframe traders?

Cheers

Indy

 

Comment by Peter jcp on September 21, 2012 at 3:24pm

Hi Indy - I have not been about all day today from my normal Pre London Open - to London close. Most Traders would say its side ways today - but for me - 5 main trends as shown on my nice clean "naked" charts ( only joking) of which 3 have been down and 2 up shown by my  red and blue arrows ( so far )

There is approx 300 pips off the EU today ( higher than normal but a Friday ) on those 5 trends - I would be delighted to catch half of them and would have taken normally 10 -20 trades over that period.

I call them intraday bias based on session times and periods. On a 6 or 8 hr candle you might get a doji - saying indecision - No indecision for me - it moves up and it moves down - so pips to be made ;-)

Have a great weekend

Regards

Peter 

Comment by Keith Shaw on September 21, 2012 at 3:54pm

on the flip side we could use the sinking ship analogy to describe different types of trades / traders ;)

I did like the ocean and cruise liner analogy Lisa.

Comment by Indy on September 21, 2012 at 4:08pm

Hi Keith,

Which timeframe was HMS tradingwiththetrend sailing in when it went down?

maybe I can avoid that one

 

Cheers

Indy

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