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intraday trend trading with price action

  • #401
  • Feb 15, 2010 4:50am Feb 15, 2010 4:50am
Quoting jgadefelth
theroper you buy and sold on outside inside bars that was you entry if i see it right. how did you exit your positions ?


best regards
Hey jgadefelth see notes on chart
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  • #402
  • Feb 15, 2010 4:51am Feb 15, 2010 4:51am
Quoting jgadefelth
Mjurban i dont see a reason to take that trade but what ever makes you pips is great.

Maybe we can use the 5 minute chart to trail the winnings we follow the trade untill it takes out the most resent low in a long position and the most reasont high in a short position maybe it will work.


best regards
it was a retrace to the strong looking support and to the upper keltner line. the retrace could not reach full 38% it was stopped at the suppurt line
  • #403
  • Feb 15, 2010 4:52am Feb 15, 2010 4:52am
Quoting jgadefelth
victory83 ok i get it. but i been thinking. There are many retracement fib numbers how do you know with one to trade on there is like 0.23 0.38 0.5 .0.68 and so on do you trade on just one of them ? otherwise you can follow and have several losses before the market go back to the big trend. Or do you take the one that is most close to the middle keltner band ?


best regards
you are right, but if you follow the price action and momentum, you could identify the impulse wave , so if you determine it, you could enter in retracements,i enter in high probability area (.50 .61) , but as SHO mentioned we stopped out several times but when the price hit the tp, not only we cover the losses but we will make money.
sorry if i could not explain as well as SHO
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  • #404
  • Feb 15, 2010 4:56am Feb 15, 2010 4:56am
Quoting MJurban
hi iak,
i use STARC (10,10,1) on oanda. Dont ask me what it is, but it is SMA 10 and it looks the same as my demoaccount IBFX keltner channel
thanks mate. i actually studied one of your posts and copied you. looks good
  • #405
  • Feb 15, 2010 5:05am Feb 15, 2010 5:05am
theroper ok i get it. i can even understand your reasons for exit like a pb bar in opposite direction or a green bar in a downtrend but S/R that is hard for me to grasp it is hard for me to see if it is not obveuysly. thanks for describing it is intresting and im learning here.


best regards
  • #406
  • Feb 15, 2010 5:08am Feb 15, 2010 5:08am
MJurban makes more sense to me. my goal is to make the "system" here to have some rules that can be followed so i can trade it like a robot it take awya the negative emotions.


best regards
  • #407
  • Feb 15, 2010 5:12am Feb 15, 2010 5:12am
victory83 that is the hardest part for me i think that is the key, if this "system" will be profitable or not it lies in the exit but how to exit with a maximum profit that is the question the maximum peofit that Sho have shown that covers several small losses and still give some winning pips.


best regards
  • #408
  • Feb 15, 2010 5:14am Feb 15, 2010 5:14am
Quoting jgadefelth
theroper ok i get it. i can even understand your reasons for exit like a pb bar in opposite direction or a green bar in a downtrend but S/R that is hard for me to grasp it is hard for me to see if it is not obveuysly. thanks for describing it is intresting and im learning here.


best regards
I am learning as well. Sho has really helped me. I went through all the post again this weekend and it is starting to make more sense. Glad I could help.
  • #409
  • Feb 15, 2010 5:16am Feb 15, 2010 5:16am
I am sorry all in this thread if i sound little bit critical but im trying to learn and it is sometimes hard for me so i ask alot of questions and i like to learn exacly how so i can use it later and look at it, and see if i can make it work.


best regards
  • #410
  • Feb 15, 2010 5:24am Feb 15, 2010 5:24am
i took my first exit using divergence earlier and i was pleased i did as price retraced a lot afterwards. i have copied mjurbans set up so using full stoch at 5,5,3 for divergence exits on 15 min chart.

just gone long on eur/usd 15min. price bounced off middle line
  • #411
  • Feb 15, 2010 5:28am Feb 15, 2010 5:28am
iak can you show with a chart please ?


best regards
  • #412
  • Feb 15, 2010 5:32am Feb 15, 2010 5:32am
Quoting jgadefelth
iak can you show with a chart please ?


best regards
will try, not on my own computer at mo!
  • #413
  • Feb 15, 2010 5:33am Feb 15, 2010 5:33am
Quoting simpletrade
i hate people like you.you dont know how to help others.
and telling others how to trade.
you are here to sell the others systems. only people like you will say this thread is not helpfull.
for this reason i dont like most of the people with lots of vouches.(not all)
you call your self a good trader.

so many people lose money because too many people like you .
simpletrade please be gentle with your words.i know you are bit upset.
thanks for nice comment on me.
enjoy the thread
  • #414
  • Edited 7:02pm Feb 15, 2010 5:37am | Edited 7:02pm
you guys are making too much money.
i will answer few of your question slowly.
i will show you simple and easily otherwise if i explain 1 chart properly it will take me 1 hours of writing.
  • #415
  • Feb 15, 2010 5:40am Feb 15, 2010 5:40am
the simpler things are the better no hesitations and emotions keept to a minimum please show us Sho


best regards
  • #416
  • Feb 15, 2010 5:41am Feb 15, 2010 5:41am
Quoting jgadefelth
iak can you show with a chart please ?


best regards
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  • #417
  • Feb 15, 2010 5:49am Feb 15, 2010 5:49am
[quote=TheRoper;3461877]
Quoting trade price
see the chart

Sho, the area on the chart with the rejection bars(yellow square), would you enter after the break of the high of the 4th down bar with a stop below that same bar? Looks like some of the time...
about 98% of the time i enter close of the bar while everyone is still thinking opposite site of me.
i dont enter at the break out because most of the time price will sky roket.
if u enter at the breakout some time you wouldnot get filed or loss few pips.
remember pro plays opposite site.thats why price move so fast at the breakout and take all the stops out.
i will stop right now for this post other wise i can go on for hours
  • #418
  • Feb 15, 2010 5:57am Feb 15, 2010 5:57am
Iak thanks i see know


best regards
  • #419
  • Feb 15, 2010 5:58am Feb 15, 2010 5:58am
sl at be. only got 8 pips locked in but this is a new way of playing for me so treading carefully. plus i may be doing it all wrong lol!!

Took 10 pips. playing with entries at mo. Sho, do you think you could make this way of trading work just taking 10 pips as a set take profit or should we be trying to stay in for when it runs?
  • #420
  • Feb 15, 2010 6:00am Feb 15, 2010 6:00am
Quoting lazyFX
Thank you guys for all the comments.

To Pardy:

I think you are right, and agree that my entry was too late on that trade,
but I think no one knows when the price starts running fast with little retracement even after it moved signifincantly.
It is vital to take a trade according to the set rules if all the entry conditions are met.
In that sense, I would like to know the entry point is valid or not, irrespective of winners or losers. But as you pointed out, if I had entered earlier at the point you mentioned, I would have made some profits....
check out the chart.
see the impulsive move and corrective move
and count elliot move
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