Wow, take a little time out to do some work and miss 5 pages of discussion. Well, I don't guess I missed anything since I read the post. You guys had a busy day, looks like some enlightment was spread around. Interesting stuff everyone.
MultiTimeFrame Trend Trading with Price Action 242 replies
Price Action at Major Support or Resistence (Horizontal) - For Intraday Traders 179 replies
Intraday price action trend trading 10,404 replies
Any Recommendations on Learning Intraday Price Action Trading 5 replies
Price Pattern Notifications/Trend Alert Price Action Scanner 7 replies
DislikedHi FxCalifornia
In fact I have the similar situation as yours. Hope to see more Daily trades from this thread.
Hi Sho
I am re-thinking of trading M15 due to the popularity in this thread thou the timing is not that favoring me.
For M15, pls. advise the risk:reward and SL:TP for each entry.
Thank you for your time.Ignored
Dislikedfor everyone compare both seting with your eyes and tell me which one you will trade.
shoIgnored
DislikedHi Sho
anything wrong with short at the arrow which did not work out?
Thanks.Ignored
DislikedFor what it's worth (I'm no expert!), I wouldn't be going short on a bullish bar like that. For a short, the candle wick should really be heading up and through or touching some form of S/R.Ignored
DislikedSho the chart in post 826 why do you call it an a ++ i can see why because of the pinbar that touches the middle band and then go back.
But before that we have an outside bar would you not consider this one and also the 2 green bar and also the red bar before it seems to me that they have problem going higher that they have find some kind of resistance there.
this is the thout i fight with there sems to be conflicts to me there are almost always something that one can pint at that are against to take the trade.
best regardsIgnored
DislikedHi Sho
anything wrong with short at the arrow which did not work out?
Thanks.Ignored
DislikedHello TheNovice
I think Sutts is right. First your blue pinbar is not really a rejection bar. Its lower wick is bullish. Same for the pevious big pinbar: long lower wick. Then your blue pinbar is an inside bar, so I would wait a breakout to one side before entering. BUT! The stochastic showed a huge bullish divergence, see attachment.Ignored
DislikedHi Milton
I know!
This setup was against everything I have known about PA, which is not much actually.
But Sho did mention not to take divergence into account in opening trades, only in considering closing out trades.
I would have waited for the break of the IB if I took trades off it.
But as I explained in the previous post, I took it off the close of the bullish bar, before the IB was formed. This was for the reason of the rejection of the support turned resistance level as I mentioned.Ignored
DislikedThanks sutts yes it makes seens but it is mutch to consider and mutch to learn and things that is true sometimes nullifies other times because of other things to consider. I have a hard time with this because im stupid my work makes me stupid so .
Good thing You and sho and the other helpfull traders are here. It is mutch to learn but i believein this method.
best regardsIgnored