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intraday trend trading with price action

  • #821
  • Feb 23, 2010 10:08am Feb 23, 2010 10:08am
Quoting ukcool
Sho,

I took trade 2 and 3, but I wanted to know from you, if you would have taken trade 1.

Thanks

i know it was a double bottom play but i wouldnot take that because see the bearish inside bar breakout just before the pin bar.
if i do play double bottom i will confirme with stocastic(only for reversal)
and move the stop very quickly because of inside bar break.
  • #822
  • Feb 23, 2010 10:18am Feb 23, 2010 10:18am
Quoting the novice
Quiet this morning.
Most moves happened during the London session.

Used to wake up for the London session, but realised that after 5am, the market quietened down. So switched to NY seesion. But now it is quiet again.

Seems to be playing hide and seek with me!
You can still find some good moves around this time. Im US central time, and used to think no moves happen when im up, but just scan the charts, there is still some good price movement. Im up about 60pips today and i could prob be more if i would let some trades run. And i was up at about 8:45am central time.
  • #823
  • Feb 23, 2010 10:29am Feb 23, 2010 10:29am
took those two pictures from web.
2 stocks see how they are moving today.
dont ask me anything about them just watch the picture
Attached Image (click to enlarge)
Click to Enlarge Name: couple of stocks.gif Size: 15 KB
  • #824
  • Feb 23, 2010 10:31am Feb 23, 2010 10:31am
Quoting rtiger29
You can still find some good moves around this time. Im US central time, and used to think no moves happen when im up, but just scan the charts, there is still some good price movement. Im up about 60pips today and i could prob be more if i would let some trades run. And i was up at about 8:45am central time.
Congrats.
But I don't see any today.
Yesterday was pretty quiet too.
Care to show your trades?
  • #825
  • Feb 23, 2010 10:38am Feb 23, 2010 10:38am
Quoting the novice
Congrats.
But I don't see any today.
Yesterday was pretty quiet too.
Care to show your trades?
chart
Attached Image (click to enlarge)
Click to Enlarge Name: sdddd.GIF Size: 15 KB
  • #826
  • Feb 23, 2010 10:46am Feb 23, 2010 10:46am
Quoting the novice
Congrats.
But I don't see any today.
Yesterday was pretty quiet too.
Care to show your trades?
For Novice:
Okay. This is my most recent trade. 30 min chart. If Sho, you can tell me if this is a decent entry. Looks like an A+ trade to me.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf30min.gif Size: 28 KB
  • #827
  • Feb 23, 2010 10:52am Feb 23, 2010 10:52am
Quoting rtiger29
For Novice:
Okay. This is my most recent trade. 30 min chart. If Sho, you can tell me if this is a decent entry. Looks like an A+ trade to me.
whichever way you look at that its an A++ entry.
  • #828
  • Feb 23, 2010 10:55am Feb 23, 2010 10:55am
Quoting rtiger29
For Novice:
Okay. This is my most recent trade. 30 min chart. If Sho, you can tell me if this is a decent entry. Looks like an A+ trade to me.
i will show every one how corrective can become an impulsive move with your chart.
not now but later with this chart
  • #829
  • Feb 23, 2010 10:55am Feb 23, 2010 10:55am
Sho another trade situation, was this a wise trade to take.
I did not take it but needed your advise.http://i46.tinypic.com/14b299k.gif
  • #830
  • Feb 23, 2010 11:00am Feb 23, 2010 11:00am
Quoting rtiger29
For Novice:
Okay. This is my most recent trade. 30 min chart. If Sho, you can tell me if this is a decent entry. Looks like an A+ trade to me.
This was good.
You must be scanning many charts every 15-30 min to notice such a setup.
Especially in a pair that is not one of the majors.
  • #831
  • Feb 23, 2010 11:04am Feb 23, 2010 11:04am
Quoting trade price
chart
with regards to the second bar you highlighted, I thought it may be dangerous to enter considering the size compared to the previous few.
granted it showed a rejection of the level.
it is good if you Sho can confirm that it is a safe entry, because bars like this happen quite frequently especially in what appears to be a range.
  • #832
  • Feb 23, 2010 11:06am Feb 23, 2010 11:06am
Quoting ukcool
Sho another trade situation, was this a wise trade to take.
I did not take it but needed your advise.
you could have taken that with small stop when it retraced 50% at the next bar.you had a chance with small stop.
if stop is small you can take any clear signal bar.
thats why i do get stoped out so many times and take the chance.if it runs i make lots if not very small loss.
but remember small stop loss is the key.dont take it wrong way

hope this helps.
  • #833
  • Feb 23, 2010 11:07am Feb 23, 2010 11:07am
Quoting the novice
This was good.
You must be scanning many charts every 15-30 min to notice such a setup.
Especially in a pair that is not one of the majors.
train your self to scan the chart in a second.
  • #834
  • Feb 23, 2010 11:07am Feb 23, 2010 11:07am
Quoting trade price
you could have taken that with small stop when it retraced 50% at the next bar.you had a chance with small stop.
if stop is small you can take any clear signal bar.
thats why i do get stoped out so many times and take the chance.if it runs i make lots if not very small loss.
but remember small stop loss is the key.dont take it wrong way

hope this helps.
Fantastic, thanks a lot my friend.
  • #835
  • Feb 23, 2010 11:10am Feb 23, 2010 11:10am
Quoting the novice
with regards to the second bar you highlighted, I thought it may be dangerous to enter considering the size compared to the previous few.
granted it showed a rejection of the level.
it is good if you Sho can confirm that it is a safe entry, because bars like this happen quite frequently especially in what appears to be a range.
remember small stop losss
  • #836
  • Feb 23, 2010 11:12am Feb 23, 2010 11:12am
Quoting rtiger29
For Novice:
Okay. This is my most recent trade. 30 min chart. If Sho, you can tell me if this is a decent entry. Looks like an A+ trade to me.
Looks good to me too. However, now I've got my inside bar senses working more effectively can I ask whether that inside bar 2 bars back from the entry was cause for concern before going long?

We had 3 bars in a row with big upper wicks showing strong resistance above. These 3 bars included an inside bar which broke to the upside and then failed with a bearish outside bar.

This is what preceded the entry bar. Is there something I've missed that nullified all that bearishness?

I'm not trying to sound clever here, just trying my best to understand the importance of IBs in reading PA.

Cheers,

Dave
  • #837
  • Feb 23, 2010 11:12am Feb 23, 2010 11:12am
i am off now.
i will check the thread later.
c you guys
  • #838
  • Feb 23, 2010 11:31am Feb 23, 2010 11:31am
Quoting Sutts
Looks good to me too....

quick one dave i will explain with details later you will bit suprise.


bye!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
  • #839
  • Feb 23, 2010 11:43am Feb 23, 2010 11:43am
Thanks Sho, you're the best
  • #840
  • Feb 23, 2010 11:47am Feb 23, 2010 11:47am
Quoting Sutts
Hey, I took that last trade for 30 pips and you say it was A+.
Now I feel better.
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