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intraday trend trading with price action

  • #1,041
  • Feb 25, 2010 1:16pm Feb 25, 2010 1:16pm
alanone thanks im just little affraid one lose little if he answear a question and you dont have the question from the beginning that he answear ?


best regards
  • #1,042
  • Feb 25, 2010 1:19pm Feb 25, 2010 1:19pm
CodeMeister,
I was only half convinced, but the 12:00 and 12:30 ET pin bars (fat, long legged dojis)looked promising and the 12:45 bar was a strong down move i figured sentiment had changed. Looked like the start of an impulse move.
  • #1,043
  • Feb 25, 2010 1:23pm Feb 25, 2010 1:23pm
I'm still wondering if you edited post 1023?
  • #1,044
  • Feb 25, 2010 1:28pm Feb 25, 2010 1:28pm
Quoting Bankshot
CodeMeister,
I was only half convinced, but the 12:00 and 12:30 ET pin bars (fat, long legged dojis)looked promising and the 12:45 bar was a strong down move i figured sentiment had changed. Looked like the start of an impulse move.
Next time I listen to you. Except for your math how does 45 - 30 = 25?
  • #1,045
  • Feb 25, 2010 1:33pm Feb 25, 2010 1:33pm
Quoting jgadefelth
alanone thanks im just little affraid one lose little if he answear a question and you dont have the question from the beginning that he answear ?


best regards
I did wonder about that point too, jgadefelth, but for the most part Sho either reposts the applicants chart with his own comments on or he will refer them to another of his posts that he has posted already.

If he has modified and commented on a chart following a question then I have included these and ofcourse all his original posts are already included.

The thread is gaining momentum every day (impulsive not corrective , so once a visitor has picked up the key points they can wade through the day to day queries to deepen their grasp of it all

Thanks

Alan
bringing order to chaos....
  • #1,046
  • Feb 25, 2010 1:38pm Feb 25, 2010 1:38pm
Didn't count the zero. Short .06454, out .0630. 15.4. is that better?
  • #1,047
  • Feb 25, 2010 1:42pm Feb 25, 2010 1:42pm
Been going thru your files, didn't realise Sho was such a blabber mouth. If we put this in book form it would be the size of "Moby Dick". Still a lot better than reading every post.
  • #1,048
  • Feb 25, 2010 1:49pm Feb 25, 2010 1:49pm
You called the bounce off .0615 right. within a pip.
  • #1,049
  • Feb 25, 2010 2:39pm Feb 25, 2010 2:39pm
The cad has broker the .0615 level after consolidation. Will this now turn to resistance?
The bars are on the lower K line and the channel in increasing its slope.
The bars are half the size of this mornings run up , but the move is only half as long currently.
  • #1,050
  • Feb 25, 2010 2:43pm Feb 25, 2010 2:43pm
Hit the wrong button again, the move looks ripe for correction (long in the tooth) but hasn't started one as yet. Do you have another support area? Do you think the move will continue?
  • #1,051
  • Feb 25, 2010 2:43pm Feb 25, 2010 2:43pm
Attachment Late in the day but good rejection i think - small pin.Took a 1 to 1 and the other position to break even,free trade.I like this thread.I got stopped out on the eur/gpb last night with small loss.

Take care,Tex
  • #1,052
  • Feb 25, 2010 2:46pm Feb 25, 2010 2:46pm
Attached Image (click to enlarge)
Click to Enlarge Name: uc.gif Size: 25 KB
  • #1,053
  • Feb 25, 2010 2:51pm Feb 25, 2010 2:51pm
The price is currently holding just above the neg. 61 fib drawn off the 1:10 5m corrective high down to the 2 ET low before the second corrective move. Is this a valid R vevel.
  • #1,054
  • Feb 25, 2010 2:53pm Feb 25, 2010 2:53pm
Good move Tex. I missed that doji and have been kicking myself for an hour.
  • #1,055
  • Feb 25, 2010 4:19pm Feb 25, 2010 4:19pm
Bankshot don't quiet understand your question. What i've been concentrating on is just going with the momentum on the 15 min chart and see what happens. Well the daily chart could be a retracement move on the daily 61.8 top down analysis and the 4 hr could be going down for a correction back up Take care,Tex
  • #1,056
  • Feb 25, 2010 4:31pm Feb 25, 2010 4:31pm
Hello Bank Shot

Sorry I left out with family, so dint notice your questions
Basically see if you just follow the price action forgetting all angle and slope of keltner you can bet the market.

I did post the USDCAD before it happened how?
1. I told you about resistences above
2. I told you about price action going below the middle of the channel
3. I told you the first bounce point.

It is all by practice.
For me I was confient on the short not because of angle of keltner not because of only price action, it is all about when bears are coming out of the BUSH from hiding. I know where they will be hiding and see if they are coming out and then when I saw that i got a bulb !
Then I watch what is happening and it is worth taking a risk entering on the IB on 54

I did write another post and my IE Crased so here is the picture of analysis of USD CAD for asian or tomorow morning is asia is lazy
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADAnalyis.jpg Size: 162 KB
Click to Enlarge Name: USDCAD2.jpg Size: 139 KB
  • #1,057
  • Feb 25, 2010 6:36pm Feb 25, 2010 6:36pm
Quoting AlanOne
Hi everyone,

Hopefully these 2 pdf's will enable visitors to the thread to get up to speed quickly with all of Sho's observations and then subsequently benefit as much as I have from what we've been taught here.

Here is File#1, file #2 to follow along with MT4 template for Keltner Channels

Alan
thanks alan. very kind of you spending time to compile these pdfs.
  • #1,058
  • Feb 25, 2010 6:46pm Feb 25, 2010 6:46pm
Quoting adler
Hello Bank Shot

Sorry I left out with family, so dint notice your questions
Basically see if you just follow the price action forgetting all angle and slope of keltner you can bet the market.

I did post the USDCAD before it happened how?
1. I told you about resistences above
2. I told you about price action going below the middle of the channel
3. I told you the first bounce point.

It is all by practice.
For me I was confient on the short not because of angle of keltner not because of only price action, it is all about when bears are coming...

Hi Adler,

Did you post your template with your fib - if so could you point me towards it.

Thanks

Pardy
  • #1,059
  • Feb 25, 2010 7:39pm Feb 25, 2010 7:39pm
Quoting AlanOne
Hi everyone,

I've taken Codemeisters advice and posted some random "I agree's" on various threads and am now able to upload to the thread.

I've collected all of Sho's posts on trading and have had to split them into 2 pdf files due to the upload limit here at FF.

At this time they are simply arranged in the same order that they were posted but as the thread grows I will arrange them into subject order, such as posts on spotting momentum, trade management, identifying price action signals and so on.

Hopefully these 2 pdf's will enable...

thank you
for your hard work. i allready added it to the first page.

thanks again
  • #1,060
  • Feb 25, 2010 8:12pm Feb 25, 2010 8:12pm
Quoting AlanOne
Hi everyone,


Hopefully these 2 pdf's will enable visitors to the thread to get up to speed quickly with all of Sho's observations and then subsequently benefit as much as I have from what we've been taught here.

Here is File#1, file #2 to follow along with MT4 template for Keltner Channels

Alan
big thank you for the great work you dit for all of us.
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