intraday trend trading with price action | Page 27 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: intraday trend trading with price action
Exit Attachments

intraday trend trading with price action

  • #521
  • Feb 18, 2010 9:28am Feb 18, 2010 9:28am
Quoting CodeMeister
I have been following and practising. I should be asking more questions especially about targets and exit points but I need to get my thoughts more organized. For a while I was getting lost with all the references to Fibo levels and Elliot wave stuff but those are just names for stuff I was noticing before. Its amazing what you can see if you don't put any indicators on. I'm not going to get caught up in figuring out the names and I suggest that some others do the same. What is important is to recognize what patterns are familar and avoid those...
Thank you.
any one can ask anything here i dont mind.
i think it will be good.if they ask anything here and get answer in one place.
it will save their time.
you can teach anything here codemeister.
you are realy a good man.
thanks

sho
  • #522
  • Feb 18, 2010 9:29am Feb 18, 2010 9:29am
rtiger29 did you get my pm?
  • #523
  • Feb 18, 2010 10:04am Feb 18, 2010 10:04am
Quoting CodeMeister
the main thing I learned in the last 2 weeks - avoid those big candles. They are just an indication of too much strength and uncertainty and will cause grief. Sometimes they also are a sign of exhaustion which is also bad news unless you can identify it properly.

Thats right.its a hands changing.
from institution to retail trader or retail to institutions .

i knew that you can help others as well.
  • #524
  • Feb 18, 2010 10:08am Feb 18, 2010 10:08am
Quoting simpletrade
another great post thank you very much sho.
now i do understand why one or two bar is signal bar.
i noticed you allways chose the main points.
you are clever.
i think you can help others as well .
  • #525
  • Feb 18, 2010 10:42am Feb 18, 2010 10:42am
hi guys
i hade this 2 longs and got stopped out.
thats not a problem but i want to find out if the entries are OK or totaly wrong.

any comments are welcom
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-0144.gif Size: 21 KB
  • #526
  • Feb 18, 2010 10:57am Feb 18, 2010 10:57am
Quoting trade price
that was nice double bottom counter trend play.
keep going.
hi sho and thanks for all your great explanations
double top
Attached Image (click to enlarge)
Click to Enlarge Name: tp111.JPG Size: 44 KB
  • #527
  • Feb 18, 2010 11:02am Feb 18, 2010 11:02am
USDCAD
--------
Attached Image (click to enlarge)
Click to Enlarge Name: tp2222.JPG Size: 53 KB
  • #528
  • Feb 18, 2010 11:08am Feb 18, 2010 11:08am
Hi Sho, you mentioned that you begin around 9.30am. Is there a reason for this time as opposed to 7 or 8 am when europe gets first started?

Thanks
bringing order to chaos....
  • #529
  • Feb 18, 2010 11:15am Feb 18, 2010 11:15am
Quoting MJurban
hi guys
i hade this 2 longs and got stopped out.
thats not a problem but i want to find out if the entries are OK or totaly wrong.

any comments are welcom
1st one was ok (aggresive entry)
second one was wrong.
dont worry it will be ok with practice.
Attached Image (click to enlarge)
Click to Enlarge Name: 1 was ok 1 wrong trade.GIF Size: 57 KB
  • #530
  • Feb 18, 2010 11:23am Feb 18, 2010 11:23am
Quoting AlanOne
Hi Sho, you mentioned that you begin around 9.30am. Is there a reason for this time as opposed to 7 or 8 am when europe gets first started?

Thanks
after 9:00 am market is fully alive.but i wait for market to setledown.then jump.
but there are some good trades in any session.
  • #531
  • Feb 18, 2010 12:28pm Feb 18, 2010 12:28pm
Quoting trade price
1st one was ok (aggresive entry)
second one was wrong.
dont worry it will be ok with practice.
oh yes, i can see it now.
Thank you for clearing this , i had some bad feelings and opened an smaller sized trade, now i understand why.
  • #532
  • Feb 18, 2010 12:31pm Feb 18, 2010 12:31pm
Man did I miss some killer mover on the GBP/USD today. Sho my friend, would you please give some instruction on price confirmation. Is it on the bar where price is rejected/supported at a line or the next bar ect.
  • #533
  • Feb 18, 2010 5:15pm Feb 18, 2010 5:15pm
Quoting Bankshot
Man did I miss some killer mover on the GBP/USD today. Sho my friend, would you please give some instruction on price confirmation. Is it on the bar where price is rejected/supported at a line or the next bar ect.
your gbp/usd today.

i am using snagit today.i have been playing with it today.
Attached Image
  • #534
  • Feb 18, 2010 5:56pm Feb 18, 2010 5:56pm
Quoting trade price
good trades. as long as you do see clear price direction trade.otherwise dont. trust your eyes

sho

Thanks Sho, appreciate the help.

I'll be back London open.
  • #535
  • Feb 18, 2010 6:40pm Feb 18, 2010 6:40pm
Sho - great looking chart. Snagit is the best.

One thing I have given some thought to is how to identify pullbacks with a continuation from a retracement when there is a big move. Probably the best thing for now is to avoid the big moves and wait for things to settle down. Its just that I see all those pips waiting to be grabbed. Today was another example. It looks as though the retracement is beginning to form for the AUDUSD. I don't think its a pullback with continuation. Anyway I avoided it.

Sometimes the best trades are the ones you don't make.
Attached Image (click to enlarge)
Click to Enlarge Name: Keltner1.png Size: 62 KB
  • #536
  • Feb 18, 2010 7:15pm Feb 18, 2010 7:15pm
Quoting CodeMeister
Sho - great looking chart. Snagit is the best.

One thing I have given some thought to is how to identify pullbacks with a continuation from a retracement when there is a big move. Probably the best thing for now is to avoid the big moves and wait for things to settle down. Its just that I see all those pips waiting to be grabbed. Today was another example. It looks as though the retracement is beginning to form for the AUDUSD. I don't think its a pullback with continuation. Anyway I avoided it.

Sometimes the best trades are the ones you don't...
lots of people went long thought resistant has been broken.
but momentum was slow .
i belive there was huge divergence .
so many order was upside and then took all the downside stop thats why move was huge.(to many people was in the trap)
thats why i like to enter early,because at least stop loss will be much smaller.
can you imagine to stay in the trade losing all the pips.
when i think like that i feel seek.
  • #537
  • Edited 9:23pm Feb 18, 2010 9:20pm | Edited 9:23pm
It was strange time of day for that kind of move - 4:30 in New York. The news was deliberately held until then.

When it stalled 30 minutes earlier, I moved my TP and SL in tight trying to get to BE. I was totally surprised, but prepared for the move.

I was right - the price retraced and stalled since my posting.
  • #538
  • Feb 19, 2010 2:09am Feb 19, 2010 2:09am
Hi Sho,

Am I correct in saying we should be extra careful when taking trades off the furthest away channel line (top line in downtrend)? By definition, the price has made a significant retracement and the trend could be breaking down at this point.

Should we be looking for multiple failures up through the top line in a downtrend (as you described in the screen shot above) before risking a short?

I've looked through all the charts you've posted and it seems the majority of trades have been taken off the bottom and central lines in a downtrend.

Thanks for your support. I really love your trading style.

Dave
  • #539
  • Feb 19, 2010 3:18am Feb 19, 2010 3:18am
hi guys
EURUSD
the second position was based on price action
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.JPG Size: 40 KB
  • #540
  • Feb 19, 2010 3:49am Feb 19, 2010 3:49am
Victory,

Thanks for posting your charts. It's encouraging that you're doing so well.
Would it be possible to point to your entry bar when you post charts please as it isn't always obvious to noobs like me!

In the chart above I guess the big pin bar off the center line is your entry bar but I'm not sure about the first trade?

Edit: on second thoughts, it looks like your entry was just above the close of the bar that followed that big pin. I get the feeling you like to see definite confirmation in the direction of your trade before you jump while Sho may have taken the reaction of the pin bar itself as confirmation - am I right?

Cheers,

Dave
2 traders viewing now