Intraday price action trend trading | Page 20 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MultiTimeFrame Trend Trading with Price Action 242 replies

Any Recommendations on Learning Intraday Price Action Trading 5 replies

Price Pattern Notifications/Trend Alert Price Action Scanner 7 replies

Trend following intraday breakout - my trading journal 11 replies

intraday trend trading with price action 2,063 replies

Attachments: Intraday price action trend trading
Exit Attachments

Intraday price action trend trading

  • #381
  • Mar 8, 2010 1:54pm Mar 8, 2010 1:54pm
Quoting francis2
short trade taken today, close of hammer, coincides with retrace and bounce off 50 area
Hey Francis,

I see we were thinking a like.

Kurt
  • #382
  • Mar 8, 2010 2:04pm Mar 8, 2010 2:04pm
Quoting Buildcity
Hi guys,

My trading is off after the closing of London session, took 7 (4+, 3-) trades in EU & GU, overall -10p. Ohs............

One big loss in EU (-27p) right after the 1,2,3 wave, should stick to Sho's teaching though!! Actually in anyway no long entry should be enter by this point. (reviewed that the only pt supported my entry is right above the daily pivot (red line). 1 more lesson to me, better post here to remind myself.http://cdn.forexfactory.com/images/icons/icon8.gif

Hope you all done well.
Cheers.
City
Hey Buildcity,

Don't beat yourself up. Take the trades closer to S/R when it is in the corrective phase, this keeps you stop very small. A 9pip stop loss on this would allow you to enter and be wrong twice as many times. Took me a long time to see this because I wanted to have bigger stops to keep from being wrong. Just think the opposite and you will do fine.

Kurt
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-03-08_1455.png Size: 231 KB
  • #383
  • Mar 8, 2010 4:56pm Mar 8, 2010 4:56pm
Hey, nice explanation Kurt. I think you have this method down. I like that, nice and simple, following the plan and nice clean charts. keep up the good work.
  • #384
  • Mar 8, 2010 5:24pm Mar 8, 2010 5:24pm
Quoting rtiger29
Hey, nice explanation Kurt. I think you have this method down. I like that, nice and simple, following the plan and nice clean charts. keep up the good work.
Thanks Rtiger29,

I am trying to help the new guys. It took lme ooking at the charts over and over until it sunk in. Post any trades you have as well so everyone can benefit. Glad to see someone here from the states. Most of the other guys are at it long before I get out of bed. I only get a few opps in the morning to fire off some trades. Hopefully one day I will be able to deligate my day job to someone so I can trade full time

Kurt
  • #385
  • Mar 8, 2010 6:28pm Mar 8, 2010 6:28pm
Quoting TheRoper
Thanks Rtiger29,

I am trying to help the new guys. It took lme ooking at the charts over and over until it sunk in. Post any trades you have as well so everyone can benefit. Glad to see someone here from the states. Most of the other guys are at it long before I get out of bed. I only get a few opps in the morning to fire off some trades. Hopefully one day I will be able to deligate my day job to someone so I can trade full time

Kurt
Yeah, i notice you put in some trades before work and during your lunch. If you keep trading they way you are now, its just a matter of time before you will be able to do this full time. I still have a ways to go, but thats the goal, although i have a bit more time to stare at the screens compared to you at this time. I guess ill take advantage by practicing .
  • #386
  • Mar 8, 2010 7:38pm Mar 8, 2010 7:38pm
Quoting rtiger29
Yeah, i notice you put in some trades before work and during your lunch. If you keep trading they way you are now, its just a matter of time before you will be able to do this full time. I still have a ways to go, but thats the goal, although i have a bit more time to stare at the screens compared to you at this time. I guess ill take advantage by practicing .

Thanks, stay with it. Sho's method works!
  • #387
  • Edited 1:41am Mar 9, 2010 1:27am | Edited 1:41am
Quoting TheRoper
Hey Dave,

My trade reasons for the first two of Three trades are on the attached chart.

I love you posts and comments keep them comming so we can help out all the new guys.

Kurt
Thanks for that Kurt. I think there's a couple of things I can learn from this.

I've been looking only at signal bars where there is an obvious reaction to S/R in the corrective phase, resulting in a decent size upper wick and ideally a much smaller lower wick. You seem to be taking good trades where the upper wick is small but you have the following factors in your favour:

Price is near S/R
Price is near a keltner channel line

The smaller wick means smaller risk of course.

I think the other thing you are doing is giving the trade a bit more room to breath when the official stop is quite small. Those 1st two trades would have been stopped out with me because I've been parking my stops 1 or 2 pips behind the signal bar every time, even when the required stop is very small.

Please correct me if I've got it wrong!

Dave

PS: Both AUDUSD and EURUSD signal bars were IBs so we did have a second chance to enter on the break - although only the AUDUSD stop would have been small enough for me to consider.
  • #388
  • Mar 9, 2010 2:17am Mar 9, 2010 2:17am
I'd appreciate your comments on this one guys. Would you have taken it?
This one got stopped out but the next bar provided an entry that worked for me.

Is there anything that should have made me wait?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_3.GIF Size: 23 KB
  • #389
  • Mar 9, 2010 2:41am Mar 9, 2010 2:41am
i dit not long this one cause the HH and LL are more downtrend like uptrend.
The divergence was bullish , maybee i should have tryed this long?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-0138.gif Size: 28 KB
  • #390
  • Edited 3:06am Mar 9, 2010 3:05am | Edited 3:06am
i hindsight i see, short would have been the right trade. Why dit i not see this before?
picture = update from last post
Attached Image
  • #391
  • Mar 9, 2010 3:32am Mar 9, 2010 3:32am
short on eu after breakout and retest
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-0139.gif Size: 28 KB
  • #392
  • Mar 9, 2010 4:04am Mar 9, 2010 4:04am
Quoting MJurban
short on eu after breakout and retest
Hi MJurban
How did it work for you? Did you close at time with a small profit?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-0139.gif Size: 30 KB
  • #393
  • Mar 9, 2010 4:33am Mar 9, 2010 4:33am
Quoting Milton
Hi MJurban
How did it work for you? Did you close at time with a small profit?
i closed at sweet spot 3580, not a good trades but very slow market.
maybee us session will give us more
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-0139-01.gif Size: 30 KB
  • #394
  • Mar 9, 2010 4:35am Mar 9, 2010 4:35am
Quoting MJurban
i closed at sweet spot 3580, not a good trades but very slow market.
maybee us session will give us more
Your exit was good!
  • #395
  • Mar 9, 2010 4:41am Mar 9, 2010 4:41am
my understanding on divergence
1. one to the 1. low is bullish, 2. one no divergence
Attached Image
  • #396
  • Mar 9, 2010 5:01am Mar 9, 2010 5:01am
Quoting MJurban
my understanding on divergence
1. one to the 1. low is bullish, 2. one no divergence
Yes. I see it the same way. But look my next attachment!!!
  • #397
  • Mar 9, 2010 5:06am Mar 9, 2010 5:06am
This is a bigger view of the situation.
Attached Image
  • #398
  • Mar 9, 2010 5:17am Mar 9, 2010 5:17am
And so it changes again.
And also the big picture ( I didn't draw this line)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 23 KB
  • #399
  • Edited 5:23am Mar 9, 2010 5:19am | Edited 5:23am
Quoting Milton
This is a bigger view of the situation.
i dont think you can ignore the middle low from the stochastik. i think you should also follow the peeks and vallys from the stochastic as you follow price
Attached Image
  • #400
  • Mar 9, 2010 5:20am Mar 9, 2010 5:20am
Quoting MJurban
i dont think you can ignore the middle low from the stochastik. i think you should also follow the peeks and vallys from the stochastic as you follow price
For me the bigger picture is "bigger" (=stronger) than the smaller picture.
1 trader viewing now