intraday trend trading with price action

sho

how r u?

i am a newbie following up fx n ff for 2-3 yr. basically i want to find n final a trading method soon. i wish to good live soon.

your kc is good n fits me, except i prefer h4 n daily tf (i have a full time work). just read some pages of alanone's pdfs, are helpful.

can u advise me if to include one or two ma with kc is good or not?
which ma are good?
ma5/13 or ma 50/100?

i hope you will guide me here.

thank you very much.

kelthner is enough

few daily charts
momentum is slowing
soon we will see few pairs reverseing .
all over the charts divergence is comeing

ok, sho, to just use kc.

i notice above the divergence charts.
pls. guide when n how to use stoch**
u use it for entry or exit or both or ?
looking forward your kind advice.

**i am not good at stoch. fail to use it. many times it gave me ambiguity signs against the candlesticks. e.g. the E/U char where the candlesticks moving down while stoch moving up ?!?!

Hi Alan,

Thank you for your great work.
I think those files fasilitate us trading under the same concept.

Hi Sho,

This morning, 1 winner and 1 loser, and 1 BE.
But I am getting more confident with this simple price action trading you teach us.

Thanks again

Just went long based on this set up
On EURJPY

Hello Guys
Sorry in the previous post i forgot to attach the tool set

This is a template of FIBS I found in another thread in forex factory long time ago and which is BOBOKUS stuff...

I have been using this for my years of trading and I found it has the perfect tool to support this system.

Find attached is a template for MT4 with a FIB tool set

It has many different variety of fibs but I use H4 up move - support fib
H4 Down move resistence fib
and Intraday fib(green) and manual do them every morning before I start to look at charts.


Let me know if you guys need any help using them

Now what you have to do is load this tempate on a Weekly GBPUSD Chart
and if you want to draw a intraday fib you have to come to this tool set template chart (GBPUSD) and then select the FIB u want to use and the right click and select properties and FIB levels and then change the line size by doing this the default MT4 fib is changed to the select fib tool

Enjoy.
Let me know if you have any questions

Example price has broken and bounce of a cluster support for EURJPY at 120.96 and now bounced on the intraday long at 121.28 so direction is clearly long. And as well price bounced from the middle of Keltner channel so go long ont think. Stop loss in the IB @5:30 hours

Hi adler,

Thank you very much for your fib tool set!

Just a quick question for you.
Your BUY entry on EUR/JPY may be okay, but I am just concerend about the resistance. Did you go short, taking the resistance into consideration?

Thanks.

Edit: not short, long

Hi Adler, Be super careful here you have 61/38 tight confluence from the last 2 swings on the 4hr charts .May not be nothing and i hope it does bust up.All these support and resistances are made to be broken. Tex

Hi I missed it, missed the 4 hour confluence
So stopped out.

both my trades in EU and GU were stopped out at BE.
Taken them short.

Should we wait for London to open?
Seems quite choppy at the moment.

Tex
Thanks for your note, I missed it but I cant find any confluence can you draw the fibs for me plz on a chart thanks

Entered eurusd short

me too

1st trade this evening

Shorted EURJPY based on pin bar not able to close on the other side of Channel
Also a 61.8 fib level

Was it right to short the EURUSD? There was a big bearish divergence. When price broke lower keltner band, keltner channel sloped down. I waited the retracement and the big bearish confirmation bar. Then I entered short at the open of the next bar.

Already stopped out -17 pips EURUSD