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intraday trend trading with price action

  • #421
  • Feb 15, 2010 6:06am Feb 15, 2010 6:06am
Quoting jgadefelth
same pic little bigger maybe it is easyer too see enter on the close of the green pinbar but how to exit with a profit ??


best regards
more entry see the charts.
why too many lines it will distruct you to taking any trades
Attached Image (click to enlarge)
Click to Enlarge Name: keltner2.GIF Size: 134 KB
  • #422
  • Feb 15, 2010 6:08am Feb 15, 2010 6:08am
Quoting simpletrade
hi
jga
IMHO. it was only for educational perpose .
he showed us...
you are very cleaver man.
yes guys this post will guide you all the way in your trading life
  • #423
  • Feb 15, 2010 6:10am Feb 15, 2010 6:10am
i dont know i like the lines it is a line in every 10 pips.


why was all of them entries was it because they was pin bar lookalike or because it had it noose in the lines ??





best regards
  • #424
  • Feb 15, 2010 6:11am Feb 15, 2010 6:11am
i need a tea and break man
i will be back soon with more.
thread is growing too fast.
thread is bad for institutions
  • #425
  • Feb 15, 2010 6:14am Feb 15, 2010 6:14am
hi iak,
im in the same trade as u, i trail the SL cause market is very slow and no new high could be made by now
Attached Image
  • #426
  • Feb 15, 2010 6:36am Feb 15, 2010 6:36am
stopped out with +5 pips.
i dont go long here anymore, cause there was a lower high made.
Not a clear situation for me
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-0129-05.gif Size: 25 KB
  • #427
  • Feb 15, 2010 6:42am Feb 15, 2010 6:42am
Quoting MJurban
stopped out with +5 pips.
i dont go long here anymore, cause there was a lower high made.
Not a clear situation for me
im out too. i agree about long. will look for short signal using this keltner thingy
  • #428
  • Feb 15, 2010 6:48am Feb 15, 2010 6:48am
[quote=trade price;3464542]
Quoting TheRoper

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

Thanks for the response Sho
  • #429
  • Feb 15, 2010 6:52am Feb 15, 2010 6:52am
i dont trade today after lunch cause usa holiday and germany karneval.
i study and read thru the thead, its also very importand beside practis
  • #430
  • Edited 7:07am Feb 15, 2010 6:53am | Edited 7:07am
Quoting jgadefelth
How do i draw lines not trendlines in metatrader but thicker lines like when sho is describing the waves in his chart ?


best regards
while i trade i dont draw anything on the charts.i can see them easily within a seconds. at the begining you can draw slowly get rid of all the junks.
i draw them for you guys.
i use microsoft paint.
i use most of the time gif format.
  • #431
  • Feb 15, 2010 7:02am Feb 15, 2010 7:02am
do you know why i dont like people with lots of vouches.

most of the big boys i mean people with lots of vouches have voted this thread is not helpfull.
they doesnot want we learn.
people like nasir khan and porkpie
  • #432
  • Feb 15, 2010 7:10am Feb 15, 2010 7:10am
Waiting for retracment
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-02-15_0806EURUSD.png Size: 64 KB
  • #433
  • Feb 15, 2010 7:11am Feb 15, 2010 7:11am
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 can use any fib retracement with price action.
fib is nothing. without price action.
  • #434
  • Edited 9:02pm Feb 15, 2010 7:26am | Edited 9:02pm
Quoting Victory83
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
charts for everyone
Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 64 KB
  • #435
  • Feb 15, 2010 8:02am Feb 15, 2010 8:02am
Reloaded and Fired again
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2010-02-15_0848AUDUSD.png Size: 30 KB
Click to Enlarge Name: 2010-02-15_0851EURJPY.png Size: 31 KB
  • #436
  • Feb 15, 2010 8:08am Feb 15, 2010 8:08am
read all my posts in this thread.
i am with good people.i never insult good people.
Making a living trading forex
  • #437
  • Feb 15, 2010 9:11am Feb 15, 2010 9:11am
I,ve just caught one of those "a++" trades Sho mentioned on the EU.

I got off too early but its nice to see it works in practice.

Thank You Sho.
Attached Image (click to enlarge)
Click to Enlarge Name: EuroUsd.jpg Size: 60 KB
bringing order to chaos....
  • #438
  • Feb 15, 2010 9:50am Feb 15, 2010 9:50am
Good move allenone
  • #439
  • Feb 15, 2010 9:51am Feb 15, 2010 9:51am
Sorry Alanone.
  • #440
  • Feb 15, 2010 6:57pm Feb 15, 2010 6:57pm
Quoting Victory83
hi jgadefelth
when i do not determine a stop loss, i never leave the chart .so i follow the market and exit the order in right place (which SHO explained it before)
i have some reasons in order to exit the trade like trend line, support resistance div ......
it depend on condition. i attach those pictures so as to confirm what SHO said.
you have to identify impulse wave and wait for correction and then enter the market.
Good Luck
you are doing great victory
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