Attachments: intraday trend trading with price action

intraday trend trading with price action

#1,101
Feb 26, 2010 4:45am Feb 26, 2010 4:45am

adler
| Joined Mar 2008 | Status: Trader | 280 Posts

EURUSD Target T1 hit , I am waiting for it to Hit T2

Can you see Target T1 hit?

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#1,102
Feb 26, 2010 4:54am Feb 26, 2010 4:54am

Milton
| Joined Oct 2009 | Status: Trader | 453 Posts

Quoting adler

Disliked

EURUSD Target T1 hit , I am waiting for it to Hit T2

Can you see Target T1 hit?

Ignored

adler is the german word for eagle. You have eagle eyes and you're really flying high already in FX. Congrats

#1,103
Feb 26, 2010 5:06am Feb 26, 2010 5:06am

adler
| Joined Mar 2008 | Status: Trader | 280 Posts

Thanks Milton.

My rules are mostly based on FIBS and Candles

#1,104
Feb 26, 2010 5:08am Feb 26, 2010 5:08am

Sutts
| Joined Sep 2009 | Status: Trader | 1,188 Posts

Quoting adler

Disliked

EURUSD Target T1 hit , I am waiting for it to Hit T2

Can you see Target T1 hit?

Ignored

Thanks for posting adler. I'm a bit unsure how T1 was calculated? I've drawn my daily and H4 fibs this morning but nothing matches that level.

I do have a weekly close at 3615 though.

#1,105
Feb 26, 2010 5:12am Feb 26, 2010 5:12am

Sutts
| Joined Sep 2009 | Status: Trader | 1,188 Posts

Did anyone take that GBPCHF short? I'm a bit sick as my target was missed by 1 pip and now it's retraced. Took 15 instead of the 30+ I could have had - didn't like that bullish reaction to the daily support.

Need to work on my targeting.

#1,106
Feb 26, 2010 5:20am Feb 26, 2010 5:20am

Sutts
| Joined Sep 2009 | Status: Trader | 1,188 Posts

Quoting adler

Disliked

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...

Ignored

Thanks for the fib tool set adler. I'll be having a play with that.

A couple of questions if you don't mind.....

My understanding is that on a morning you draw in the fib of the previous daily bar plus the fib of the last H4 swing and then you leave fibs alone for the rest of the day. Is that correct please?

What happens if a new H4 swing occurs during the day?

I guess you must be using daily and H4 S/R too?

#1,107
Feb 26, 2010 5:22am Feb 26, 2010 5:22am

tex123
| Joined Jan 2008 | Status: Trader | 750 Posts

Quoting adler

Disliked

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

Ignored

Hi Adler,I'll try to post you a chart here in a second.

#1,108
Feb 26, 2010 5:29am Feb 26, 2010 5:29am

adler
| Joined Mar 2008 | Status: Trader | 280 Posts

Out of EUR no steam, I am in AUDJPY Look in the chart for details

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#1,109
Feb 26, 2010 5:33am Feb 26, 2010 5:33am

adler
| Joined Mar 2008 | Status: Trader | 280 Posts

Sutts you can draw any fibs you like, but for me to run the show, these 2 are enough..

I will tell you , you will never regret having these on your charts, they are very leading indicators

#1,110
Feb 26, 2010 5:41am Feb 26, 2010 5:41am

adler
| Joined Mar 2008 | Status: Trader | 280 Posts

Thanks Tex
I missed it really, thanks for your help

#1,111
Feb 26, 2010 5:46am Feb 26, 2010 5:46am

tex123
| Joined Jan 2008 | Status: Trader | 750 Posts

Quoting adler

Disliked

Thanks Tex
I missed it really, thanks for your help

Ignored

Your welcome Adler--somehow i screwed up and deleted them by mistake.Well you see them. Tex

#1,112
Feb 26, 2010 5:49am Feb 26, 2010 5:49am

tex123
| Joined Jan 2008 | Status: Trader | 750 Posts

The eur/jpy may be going down now -just hot the confluence area . I'll watch anyway.

Tex

#1,113
Feb 26, 2010 6:21am Feb 26, 2010 6:21am

Sutts
| Joined Sep 2009 | Status: Trader | 1,188 Posts

Quoting adler

Disliked

Sutts you can draw any fibs you like, but for me to run the show, these 2 are enough..

I will tell you , you will never regret having these on your charts, they are very leading indicators

Ignored

OK, thanks for confirming adler.

#1,114
Feb 26, 2010 7:25am Feb 26, 2010 7:25am

the novice
| Joined Apr 2009 | Status: Trader | 166 Posts

Hi all

I am not sure this is the method Sho taught.
I thought that it was just impulsive and correction waves in one time frame, and the break of levels in that time frame.
He did look at higher time frames occasionally. But decisions were taken based on that time frame.
If I were to trade on M15, do I also have to look at levels in H1/H4/D1?

Can Sho please comment on the direction this thread is going and whether it is correct?
Because as was mentioned, it could be a case of the blind leading the blind.
No offence intended to those who are leading with ideas now. Just want to be sure it is in keeping with Sho's method.

#1,115
Feb 26, 2010 7:44am Feb 26, 2010 7:44am

ukcool
| Joined Apr 2007 | Status: Trader | 458 Posts

I agree with you novice, The thing is if your going to look at the 1H then why not the 4H, daily weekly and monthly.
And while your at it also the divergence on each of the timeframes. Plus make sure it is above or below the 100 200 and 500 SMAs and EMAs on all timeframes. Then finally draw the Fibs on the swings of each TF.
If all agree then pull the trigger.

How about that,
If only the 15m is studied properly guys . you wouldn't need any of that complexity.

#1,116
Feb 26, 2010 7:47am Feb 26, 2010 7:47am

CodeMeister
Joined Sep 2009 | Status: Making Code While Making Pips | 1,672 Posts

Quoting the novice

Disliked

Hi all

I am not sure this is the method Sho taught.
I thought that it was just impulsive and correction waves in one time frame, and the break of levels in that time frame.
He did look at higher time frames occasionally. But decisions were taken based on that time frame.
If I were to trade on M15, do I also have to look at levels in H1/H4/D1?

Can Sho please comment on the direction this thread is going and whether it is correct?
Because as was mentioned, it could be a case of the blind leading the blind.
No offence intended to those who are...

Ignored

This thread has been all over the place this past week. It used to be a teaching and feedback thread, now its more about active trading. We need another thread for that.

#1,117
Feb 26, 2010 7:51am Feb 26, 2010 7:51am

trade price
Joined Jan 2010 | Status: Trader | 1,188 Posts

hello guys those are my trades today.
if you stick with the methood it will pay you.
be decipline.
normally i dont hold pssition london time after 1 pm
today i did .
thats how trading
i thing you know what i mean

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