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intraday trend trading with price action

  • #1,641
  • Mar 20, 2010 10:21am Mar 20, 2010 10:21am
Quoting Sutts
Not bad thanks Sho. To be honest it feels nice just to end the week up for a change!

I'm starting to learn when to stay out which is helping.

Hope you had a good one.
yes mate its normal for me
  • #1,642
  • Mar 20, 2010 10:22am Mar 20, 2010 10:22am
Quoting Pardy
Yes, indeed. And its all thanks to you Sho.

I also use renko charts, its often easier to see price action on it, so your teachings are proving to be of real value.

Thanks again, and may the universe reward you handsomely for your selfless effort.

Pardy
thanks mate
  • #1,643
  • Mar 20, 2010 10:27am Mar 20, 2010 10:27am
Quoting matlobien
I made all my profit on GU.

Had a BE week on EU.

Sho do you statistically do better on certain pairs , or do you trade them all with the same sl and tp ?

i trade most of the big pairs.allways look for the smooth charts.
yes most of the volatile pair are better for day trade.
most of the majors with gbp they are better and fast you can make money in few seconds.if you are wrong side u will lose a lot as well
friday was very good day for gbp/chf.nice and clean chart thats what i look for.
  • #1,644
  • Mar 20, 2010 1:10pm Mar 20, 2010 1:10pm
Quoting trade price
i trade most of the big pairs.allways look for the smooth charts.
yes most of the volatile pair are better for day trade.
most of the majors with gbp they are better and fast you can make money in few seconds.if you are wrong side u will lose a lot as well
friday was very good day for gbp/chf.nice and clean chart thats what i look for.
I do the same thing myself. Higher time frame does smooth out the trends. What kind of exotic pairs do you trade? on the GBPs? Do you trade something like GBP/PLN? or GBP/NOK? or GBP/MXN?

Not even on higher time frames?
  • #1,645
  • Mar 20, 2010 9:22pm Mar 20, 2010 9:22pm
Quoting Entropy'
I do the same thing myself. Higher time frame does smooth out the trends. What kind of exotic pairs do you trade? on the GBPs? Do you trade something like GBP/PLN? or GBP/NOK? or GBP/MXN?

Not even on higher time frames?
looks like you are just starting trading fx.
dont worry mate its fine take your time and learn.this thread is bit advance trading.
i trade lots of pairs.for gbp like gbp/jpy,gbp/usd,gbp/chf,eur/gbp.

all the best
  • #1,646
  • Mar 21, 2010 2:23pm Mar 21, 2010 2:23pm
two daily charts
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  • #1,647
  • Mar 22, 2010 2:12am Mar 22, 2010 2:12am
Quoting trade price
two daily charts
You are right in your analysis of the retracement on USD/CHF for short, but that means your assuming that EUR/USD is going long after the recent downside pressure. People were expecting break of 1.3800 level on EUR/USD last week and were disappointed.

On the daily chart I try to look for correlation between USD/CHF and EUR/USD.

So do you think EUR/USD is going up soon?
Nothing is true, Everything is permitted
  • #1,648
  • Mar 22, 2010 8:22am Mar 22, 2010 8:22am
if intraday trend change for usd/chf enter with small risk for swing trade in daily chart,otherwise dont.enter with 15 min small risk
there was couple of intraday quick long trades.
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  • #1,649
  • Mar 22, 2010 12:04pm Mar 22, 2010 12:04pm
Quoting mystery23
You are right in your analysis of the retracement on USD/CHF for short, but that means your assuming that EUR/USD is going long after the recent downside pressure. People were expecting break of 1.3800 level on EUR/USD last week and were disappointed.

On the daily chart I try to look for correlation between USD/CHF and EUR/USD.

So do you think EUR/USD is going up soon?
see this post i did it yesterday
#213975
  • #1,650
  • Mar 22, 2010 12:07pm Mar 22, 2010 12:07pm
Hey Sho, Thanks for your help today
  • #1,651
  • Mar 22, 2010 12:14pm Mar 22, 2010 12:14pm
Quoting TheRoper
Hey Sho, Thanks for your help today
hey guys
usd/chf intraday.
hope all of you made on the downside
  • #1,652
  • Mar 22, 2010 12:30pm Mar 22, 2010 12:30pm
HI Sho,

I didn't do USD/CHF but took some profit in EUR/USD of 7 pips, in 4 hr chart it formed a hammer type formation so went long on that , did i do it correctly?

I am slowly learning your method , hope u will be with us forever.

Thanks

Hari.
  • #1,653
  • Mar 22, 2010 12:34pm Mar 22, 2010 12:34pm
Quoting trade price
hey guys
usd/chf intraday.
hope all of you made on the downside
Very nice one +36 for me
  • #1,654
  • Mar 22, 2010 1:17pm Mar 22, 2010 1:17pm
Hi Sho, got me some pips late in the day on the e/u. Thankyou for showing us this way. seeing things more clearly now. Looking forward to tomo.
  • #1,655
  • Edited 9:20pm Mar 22, 2010 8:52pm | Edited 9:20pm
i have a question about rule
18*if signal bar meet all the above criteria i will enter and put the stop just above or below the signal bar.

how far to put the SL above/below the extrem of the signal bar.
happend to me several times the sl was to close, the stop was triggert i was out and price turned in former direction not giving ma a chance to reenter.

that hurts, leaving me with an sl cause the sl was to tight and missing a good profit cause pa does not retrace

so how far is just above? i used 1 pip and thats to small
what do you all use,
pips size ?
or keltner channel like midline or outer band?
or last High/Low ?

Support/Resist line?
other things?
Attached Image
  • #1,656
  • Mar 22, 2010 10:03pm Mar 22, 2010 10:03pm
Quoting MJurban
i have a question about rule
18*if signal bar meet all the above criteria i will enter and put the stop just above or below the signal bar.

how far to put the SL above/below the extrem of the signal bar.
happend to me several times the sl was to close, the stop was triggert i was out and price turned in former direction not giving ma a chance to reenter.

[color=black][font=Arial]that hurts, leaving me with an sl cause the sl...
Hi MJ
let me try.
Is your signal bar the small neutral bar?
I am not sure that is price action because it is not an inside bar.

If that is the bar, for me that is no trade.
  • #1,657
  • Mar 22, 2010 10:15pm Mar 22, 2010 10:15pm
[quote=MJurban;3574690]i have a question about rule
18*if signal bar meet all the above criteria i will enter and put the stop just above or below the signal bar.

Hello MJurban,

I attached a chart from a trade today. I put my stop just below the support area.

Most of my stops are 10-20pips looking for at least 25 pip target.

Hope this helps

Kurt
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  • #1,658
  • Mar 22, 2010 11:29pm Mar 22, 2010 11:29pm
Quoting the novice
Hi MJ
let me try.
Is your signal bar the small neutral bar?
I am not sure that is price action because it is not an inside bar.

If that is the bar, for me that is no trade.
yes, that is the bar, why it is no trade?
  • #1,659
  • Mar 22, 2010 11:33pm Mar 22, 2010 11:33pm
[quote=TheRoper;3574814]
Quoting MJurban
i have a question about rule
18*if signal bar meet all the above criteria i will enter and put the stop just above or below the signal bar.

Hello MJurban,

I attached a chart from a trade today. I put my stop just below the support area.

Most of my stops are 10-20pips looking for at least 25 pip target.

Hope this helps

Kurt
thank you Kurt
I think this Sup/Res makes sence
  • #1,660
  • Mar 23, 2010 12:43am Mar 23, 2010 12:43am
Quoting trade price
i trade most of the big pairs.allways look for the smooth charts.
yes most of the volatile pair are better for day trade.
most of the majors with gbp they are better and fast you can make money in few seconds.if you are wrong side u will lose a lot as well
friday was very good day for gbp/chf.nice and clean chart thats what i look for.
Thanks Sho.

From this week I am looking at more charts,but they must be clean.

It definitely helps to be more picky with your trades.

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