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Intraday price action trend trading

  • #1,601
  • Apr 14, 2010 8:35am Apr 14, 2010 8:35am
Range play, good one!!
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  • #1,602
  • Apr 14, 2010 8:50am Apr 14, 2010 8:50am
Quoting francis2
sorry wrong chart forgot to take pic
ended up as a nice 60 pips!!!!!! not bad for u/j
  • #1,603
  • Apr 14, 2010 8:56am Apr 14, 2010 8:56am
Quoting francis2
ended up as a nice 60 pips!!!!!! not bad for u/j
Pretty good, 60p are sometimes the daily move of UJ!!
  • #1,604
  • Apr 14, 2010 10:17pm Apr 14, 2010 10:17pm
EJ short at 127.31
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  • #1,605
  • Apr 14, 2010 10:50pm Apr 14, 2010 10:50pm
Quoting Buildcity
EJ short at 127.31
Almost kill, last too long for this trade and the market is slow too, only got 4p from this. Good start anyway.
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  • #1,606
  • Apr 14, 2010 11:21pm Apr 14, 2010 11:21pm
gbpusd long
arrow: signal bar
cross: entry
strong rejection from big round number 1.5500
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  • #1,607
  • Apr 14, 2010 11:56pm Apr 14, 2010 11:56pm
gbpusd long
perhaps I moved my stoploss too early, went long with 0.3 lots, took out 0.2 at +2 pips, moved my stop to 1.5502, took another 0.05 lot with +6 pips, moved the stoploss to 1.5513, stopped out with the resting 0.05 lot
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  • #1,608
  • Apr 15, 2010 12:16am Apr 15, 2010 12:16am
GBP small loss
AUS b/e
e/j engulfing bar entered after open of candfle +10
eu same as e/j +11
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  • #1,609
  • Apr 15, 2010 12:18am Apr 15, 2010 12:18am
eurgbp short
arrow: signal bar
cross: entry
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  • #1,610
  • Apr 15, 2010 12:19am Apr 15, 2010 12:19am
I am posting a pic of the chart with some questions. Anyone can answer.

NR 1: is this bar considered as pin bar? did anybody take the trade SHORT even if PA closed above KCf and it was strong UP momentum? And, even KCh went slowly UP.

NR 2: lighter perhaps. again same question, diferent momentum. Is that bar marked with arrow considered as pin? Despite of strong momentum there? Anyone took LONG? If yes, only because Resistance line (light blue)

NR 3: Did anybody take SHORT there? If yes why? How to consider PA marked "V" shaped line? is it corrective wave and then from point 4 Impulsive?

NR 4: Did anybody take SHORT there? If yes why? PA closed above UP going KCh, no signs to go shortexcept arrowed green pin bar if it coul be so called..
Thanks, it will be great school for me.
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  • #1,611
  • Apr 15, 2010 12:26am Apr 15, 2010 12:26am
Quoting feri z kosic
I am posting a pic of the chart with some questions. Anyone can answer.

NR 1: is this bar considered as pin bar? did anybody take the trade SHORT even if PA closed above KCf and it was strong UP momentum? And, even KCh went slowly UP.

NR 2: lighter perhaps. again same question, diferent momentum. Is that bar marked with arrow considered as pin? Despite of strong momentum there? Anyone took LONG? If yes, only because Resistance line (light blue)

NR 3: Did anybody take SHORT there? If yes why? How to consider PA marked "V" shaped line? is it...
I might be wrong if so correct me but it looks like youre trying to pick tops/bottoms the idea of this method is to trade with momentum ie retraces of up or down moves
  • #1,612
  • Apr 15, 2010 1:10am Apr 15, 2010 1:10am
gu 2 bars failed to go higher nice downtrend bit of resistance to res level so got out +18
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  • #1,613
  • Apr 15, 2010 1:15am Apr 15, 2010 1:15am
e/j +28
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  • #1,614
  • Apr 15, 2010 1:20am Apr 15, 2010 1:20am
Quoting feri z kosic
I am posting a pic of the chart with some questions. Anyone can answer.

NR 1: is this bar considered as pin bar? did anybody take the trade SHORT even if PA closed above KCf and it was strong UP momentum? And, even KCh went slowly UP.

NR 2: lighter perhaps. again same question, diferent momentum. Is that bar marked with arrow considered as pin? Despite of strong momentum there? Anyone took LONG? If yes, only because Resistance line (light blue)

NR 3: Did anybody take SHORT there? If yes why? How to consider PA marked "V" shaped line? is...
Hi feri z kosic
I will give you my opinion. First for what a pinbar is, see the attachment.
Nr 1:Yes, this is a pinbar. According to Sho's beginner rules: no short trade. But you could see the body of the pinbar with the body of the previous bar as a sort of inside bar and trade the breakout to the downside.
Nr 2: this is not a pinbar (see attachment). For me this is an exhaustion bar, because its big size, so a reversal is possible.
Nr 3: The move from 2 to 3 is called a spike and after a spike a retracement is very likely, but the green pinbar is not a reversal bar and I wouldn't trade there. That's something for pro's.
Nr 4: According to Sho's beginner rules: no short there (Keltner sloping up).
If you take "risky" trades, always look for small stoploss (for ex. on your chart nr 2)
Attached File(s)
File Type: pdf Pin Bars Intro[1].pdf   175 KB | 362 downloads
  • #1,615
  • Apr 15, 2010 1:27am Apr 15, 2010 1:27am
Quoting francis2
I might be wrong if so correct me but it looks like youre trying to pick tops/bottoms the idea of this method is to trade with momentum ie retraces of up or down moves

Sooo. probably I am completly wrong by understanding entire method mate...
Thats why I made so many mistakes!!!
Thanks a lot...
  • #1,616
  • Apr 15, 2010 1:30am Apr 15, 2010 1:30am
Quoting Milton
Hi feri z kosic
I will give you my opinion. First for what a pinbar is, see the attachment.
Nr 1:Yes, this is a pinbar. According to Sho's beginner rules: no short trade. But you could see the body of the pinbar with the body of the previous bar as .......)
Milton, thank you very much for great and quick responding. Very useful for me cos I am learnig, what I do not know.... Thanks again
  • #1,617
  • Apr 15, 2010 1:38am Apr 15, 2010 1:38am
gu -6
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  • #1,618
  • Apr 15, 2010 2:03am Apr 15, 2010 2:03am
e/j +16
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  • #1,619
  • Apr 15, 2010 2:09am Apr 15, 2010 2:09am
Quoting francis2
e/j +16
Really like the London beginning session, fast and directional move!! But I have to work
  • #1,620
  • Apr 15, 2010 2:23am Apr 15, 2010 2:23am
Yesterday was a hard day. I lost 42 pips ealier, but manage to get 50 pips gain later.

Today the first trade was 28 pips gain by shorting GBP-USD. Not too bad.
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