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Intraday price action trend trading

  • #501
  • Mar 17, 2010 9:29am Mar 17, 2010 9:29am
yes, i adopt 1-2-3 type of entry
  • #502
  • Mar 17, 2010 10:07am Mar 17, 2010 10:07am
Quoting ingit
i'm newbie to this method
appreciate comments on this trade - short eurjpy, entry at dotted green lines
hi ingit,
have you read the thread?
according to the rules you should have entered 1 bar earlier like 124.615
good momentum and little risk
with this little risk and a profit 3:1 youre already finished with a profit 3 times risk value
  • #503
  • Mar 17, 2010 10:31am Mar 17, 2010 10:31am
hi MJ

Thanks for highlighting that to me.
So i should have entered immediately after the close of the green bar, is that what you mean?

Appreciate your advise that very much.
  • #504
  • Mar 17, 2010 11:09am Mar 17, 2010 11:09am
Quoting ingit
hi MJ

Thanks for highlighting that to me.
So i should have entered immediately after the close of the green bar, is that what you mean?

Appreciate your advise that very much.
thats what i do and i only can hope i am right cause we are all learning here
  • #505
  • Mar 17, 2010 12:18pm Mar 17, 2010 12:18pm
Quoting MJurban
hi ingit,
have you read the thread?
according to the rules you should have entered 1 bar earlier like 124.615
good momentum and little risk
with this little risk and a profit 3:1 youre already finished with a profit 3 times risk value
thats right.
when every one think to go short we think to close the possition with profit
  • #506
  • Mar 18, 2010 2:36am Mar 18, 2010 2:36am
short eurusd
strong down momentum, channel slope down
yellow arrow: signal bar, pinbar
red arrow: entry bar (stoploss 14 pips)
It was also a breakout down of a small trading range
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 19 KB
  • #507
  • Mar 18, 2010 2:57am Mar 18, 2010 2:57am
long usdcad
strong up momentum
3 x red arrow: 3 up pinbars after retracement closing above middle line (did see them only at the third bar)
yellow arrow: entry bar (have 6 pips spread), stoploss 13 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 20 KB
  • #508
  • Mar 18, 2010 3:00am Mar 18, 2010 3:00am
eurusd short trade: stoploss to break-even
  • #509
  • Mar 18, 2010 3:08am Mar 18, 2010 3:08am
stopped out eurusd short -1 pip (demo account broker is changing spread all few seconds)
stopped out usdcad long also -13 pips.
  • #510
  • Mar 18, 2010 3:13am Mar 18, 2010 3:13am
I think usdcad showed too much down momentum at the magenta arrow and at the cross there was already a second move down (trend was changing?)
  • #511
  • Mar 18, 2010 3:14am Mar 18, 2010 3:14am
Here is the attachment for usdcad:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 19 KB
  • #512
  • Mar 18, 2010 3:19am Mar 18, 2010 3:19am
For the eurusd: as it was a moment + 17 pips, I better would have taken a part of the win.
  • #513
  • Mar 18, 2010 3:39am Mar 18, 2010 3:39am
audusd long
Trend is changing: 1 and 2 is double bottom and 2 is higher low to 1.
Keltner channel slope up.
2 big up momentum bars
magenta arrow: price broke out middle line and closed way bove
yellow bar: entry bar, stoploss 10 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 20 KB
  • #514
  • Mar 18, 2010 4:03am Mar 18, 2010 4:03am
Audusd long: stopped out -9 pips. Made the same mistake as yesterday (Sho's rule 3*first thing look for is =is market trending or sideway?). Even when the KeltnerChannel is sloping, this doesn't mean that the market is in a trend. It was going sideways!!And really, it wasn't what Sho learned us.
  • #515
  • Mar 18, 2010 5:09am Mar 18, 2010 5:09am
usd/jpy
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-03-18_0603.png Size: 24 KB
  • #516
  • Mar 18, 2010 5:40am Mar 18, 2010 5:40am
Quoting Milton
stopped out eurusd short -1 pip (demo account broker is changing spread all few seconds)
stopped out usdcad long also -13 pips.
that eur trade should have been a good one what happened?
  • #517
  • Mar 18, 2010 5:44am Mar 18, 2010 5:44am
Quoting Milton
Audusd long: stopped out -9 pips. Made the same mistake as yesterday (Sho's rule 3*first thing look for is =is market trending or sideway?). Even when the KeltnerChannel is sloping, this doesn't mean that the market is in a trend. It was going sideways!!And really, it wasn't what Sho learned us.
draw a line across highs you bought straight into poss resistance area
  • #518
  • Mar 18, 2010 5:55am Mar 18, 2010 5:55am
eur/usd
Attached Image (click to enlarge)
Click to Enlarge Name: cccccc.gif Size: 26 KB
  • #519
  • Mar 18, 2010 6:14am Mar 18, 2010 6:14am
Quoting francis2
eur/usd
b/e
  • #520
  • Mar 18, 2010 7:30am Mar 18, 2010 7:30am
Quoting francis2
that eur trade should have been a good one what happened?
Hi francis2
My stoploss was 14 pips and I wanted 2:1 risk reward ratio. So I waited for 28 pips. But I could have taken out a part of the win, when it was around 14 pips plus. I didn't.
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