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intraday trend trading with price action

  • #1,181
  • Feb 27, 2010 5:02pm Feb 27, 2010 5:02pm
Quoting tex123
Hi Code ,What pair is this ? The reason i ask was just wondering if there could be a possible divergence coming down. I notice there is an inside bar right after your signal bar .

Tex
It was the Euro on Fri. You need to look at the discussion back on page 76 to understand the context. 3 of us agree that this was a good setup and now we realize we were wrong.
  • #1,182
  • Feb 27, 2010 11:39pm Feb 27, 2010 11:39pm
I have read every post on this thread and i wasn't implying you were right or wrong on your entry i just ask a simple question because Sho has discussed be careful when divergences occur in an uptrend or downtrend.after entry. This pair could have easily went to the upside if it cleared the inside bar but it didn't. Tex
  • #1,183
  • Feb 28, 2010 4:35am Feb 28, 2010 4:35am
Quoting adler
Hello Pardy
Load this template
Load the template and reduce the zoom and you should see 7 fibs,
Go to Mt4 Charts/Object list you should see 7 objects

Long term Fibs
Uptrend Fib - Daily Fib for uptrend
Downtrend Fib - Daily Fib for downtrend
Retracement Fib - Daily Fib for marking Retracement

Swing Fib - use it for current swing for analysis on the waves/retracements

Resistence Fib - 4hr - I use only this
Support Fib - 4hr - I use only this
Intraday Fib - 1Hr Previous day high low


It has many different variety of fibs but I use H4 up move...
Hi Adler,
Template loaded, and I can see 7 objects with numbers. I presume its the bottom 3 we are interested in ( how do we tell which is which).
So I changed the line size on these 3. Still on the weekly chart. What do I need to do next? Do I need to change the visualisation parameters? How do I get to display the fib lines on the m15.
Thanks for your help.
Regards
Pardy
  • #1,184
  • Edited 5:17am Feb 28, 2010 4:47am | Edited 5:17am
Hello Pardy
I have clearly said in the previous post , I use support/resistence and intraday fib

The whole point of using this fib is to make out life easier to understand what fib is what.

Each fib is named an gives out a informaiton when we are reading a chart

If you have yahoo or skype let me know(pm) and i can explain tht to you

I have explained in the previous post how to use this for your chart as well reread pardy!!
  • #1,185
  • Feb 28, 2010 7:21am Feb 28, 2010 7:21am
guys
i have deleted the pdf files from the first post.
few people pm and emailed me they are using short cut .
they are not bothered to read the whole thread and missing important questions and answers.
misusing the methood.
there is no short cut in this bussiness.

sho
  • #1,186
  • Feb 28, 2010 7:50am Feb 28, 2010 7:50am
Quoting adler
Hello Sho

Please help me with the waves, I am able to draw impulse and corrective waves. But one question? Do you trade only the 3rd wave , I mean always Impulse - Correction and then IB and 3rd wave starts and you enter you trade?

So I can assume you only trade 3rd wave?
Regards
Adler
i do trade any wave as long as it meets my small risk with nice setup.
eventhough i do trade after 5th or 6th wave.
  • #1,187
  • Feb 28, 2010 7:52am Feb 28, 2010 7:52am
Quoting tex123
I have read every post on this thread and i wasn't implying you were right or wrong on your entry i just ask a simple question because Sho has discussed be careful when divergences occur in an uptrend or downtrend.after entry. This pair could have easily went to the upside if it cleared the inside bar but it didn't. Tex
momentum(impulseive)was downside thats why it went down.
at the end of the move there was divergence.
  • #1,188
  • Feb 28, 2010 8:27am Feb 28, 2010 8:27am
for the swing trade
i am not a fundamental trader.i am a chart trader.

what is your opinion about the USD? BULLISH OR BEARISH

I am bearish.
no trade downside right now .but i am waiting
  • #1,189
  • Edited 10:47am Feb 28, 2010 9:22am | Edited 10:47am
Hello Sho
As of friday 10 pm analysis this is my outlook on USDCAD (BEARISH)
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Analysis based on 10pm friday for monday.jpg Size: 161 KB
  • #1,190
  • Feb 28, 2010 9:40am Feb 28, 2010 9:40am
Hello Sho

This is my outlook for EURUSD as of 10 pm friday
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Analysis as of Friday 10 pm.jpg Size: 192 KB
  • #1,191
  • Edited 10:29am Feb 28, 2010 9:54am | Edited 10:29am
Hello

My Outlook on GBPUSD
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Analysis.jpg Size: 184 KB
  • #1,192
  • Feb 28, 2010 10:12am Feb 28, 2010 10:12am
My Outlook on AUDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.jpg Size: 194 KB
  • #1,193
  • Feb 28, 2010 10:19am Feb 28, 2010 10:19am
Hello All
My outlook on EURGBP
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.jpg Size: 185 KB
  • #1,194
  • Feb 28, 2010 10:22am Feb 28, 2010 10:22am
Hello
Outlook On GBPJPY
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.jpg Size: 182 KB
  • #1,195
  • Feb 28, 2010 10:43am Feb 28, 2010 10:43am
Quoting adler
Hello
Outlook On GBPJPY
first thanks to sho for a great thread.
adler i think sho forcasted for the swing trade not for day trading.
  • #1,196
  • Feb 28, 2010 10:48am Feb 28, 2010 10:48am
Quoting trade price
guys
i have deleted the pdf files from the first post.
few people pm and emailed me they are using short cut .
they are not bothered to read the whole thread and missing important questions and answers.
misusing the methood.
there is no short cut in this bussiness.

sho
very good idea.you are a true MASTER
if new people likes me read all the posts they will understand everything otherwise they will miss all the important points.
you are a wise man.
now i will be a regular user of this thread
  • #1,197
  • Feb 28, 2010 10:49am Feb 28, 2010 10:49am
Hello Hunting
I dont forecast, I react so, I prepare for what ever is ahead of me.
  • #1,198
  • Feb 28, 2010 10:56am Feb 28, 2010 10:56am
Hello

My outlook for EURJPY
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY - Analysis.jpg Size: 194 KB
  • #1,199
  • Feb 28, 2010 10:58am Feb 28, 2010 10:58am
Quoting adler
Hello Hunting
I dont forecast, I react so, I prepare for what ever is ahead of me.
i can see your methood is profitable.
your methood is looks very diffrent from sho's methood.
it is complicated for new people like me.
it was only my oppinion.
  • #1,200
  • Feb 28, 2010 11:03am Feb 28, 2010 11:03am
Hello Hunting
I am in no way competting sho, he is a master. I follow his same method, Except I have a plan or bias and then as well things which can distract price.
(Market Action for Me)

Now i follow sho method look for price action around channel and then take positions only if the zone of trade looks like for me otherwise taking every pin will fail as sho says.

Hope sho is ok for me to post my analysis here. This is ahome work I do everyday morning. It is quite simple and i get more confidence doing this when taking a momentum trade as I know the direction of price and the momentum

For me trading is like driving a car no destination no plan no trade. Will you drive a car without knowing where you want to go? You will face accident if your not clear about your destination this is my opinion

Thanks for your reply..
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