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Intraday price action trend trading

  • #1,641
  • Apr 15, 2010 6:54am Apr 15, 2010 6:54am
Quoting Findus
hi,

iīm new to this wonderful threat. nice method plus nice peolple!! thanks a lot sho and all the others here!

would you consider this as an possible entry, if bar closed a bit lower. cos last 2 bars together are kind of a pin bar. almost 50%Fib plus tested kelnter chanel?

thanks guys
Hi mate,

If the last red bar is closing a lot lower than the adjancent green bar, then the combination is a pin bar, I would go for short but reduce the TP level, as the KC is turning flat now. BTW, I used to make the chart about square sharp so to recognise the real sharp of candle.

Pls correct me if I am wrong. I'm still learning here.

Cheers
City

Edit: oh yeah, miss again the round no. support, so I always rely on this round no. indicator, pretty useful.
  • #1,642
  • Apr 15, 2010 7:00am Apr 15, 2010 7:00am
Shit, should play the GU rather than EJ.

A bit risky on this
Attached Image
  • #1,643
  • Apr 15, 2010 7:03am Apr 15, 2010 7:03am
Quoting Buildcity
Shit, should play the GU rather than EJ.

A bit risky on this
Get out with +6 only, still no direction.
  • #1,644
  • Apr 15, 2010 7:05am Apr 15, 2010 7:05am
Quoting Buildcity
Hi mate,

If the last red bar is closing a lot lower than the adjancent green bar, then the combination is a pin bar, I would go for short but reduce the TP level, as the KC is turning flat now. BTW, I used to make the chart about square sharp so to recognise the real sharp of candle.

Pls correct me if I am wrong. I'm still learning here.

Cheers
City

Edit: oh yeah, miss again the round no. support, so I always rely on this round no. indicator, pretty useful.

yeah, youīre right. iīm going to put this RN indicator on my chart as well and also try to post clearer charts. (if itīs that what you mean. it was just a screenshot of that part of my screen)

thanks for the help...thereīs always some things to learn
  • #1,645
  • Apr 15, 2010 7:22am Apr 15, 2010 7:22am
Round the half-day result, +19 only. Francis is much more better

better go home now, see you guys later

City
  • #1,646
  • Apr 15, 2010 7:29am Apr 15, 2010 7:29am
Quoting Buildcity
Round the half-day result, +19 only. Francis is much more better

better go home now, see you guys later

City
Ive just blown a load of pips shorting eu and au instead of waiting though
  • #1,647
  • Apr 15, 2010 7:38am Apr 15, 2010 7:38am
aud/usd look pretty good, i think? what do you think?
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  • #1,648
  • Apr 15, 2010 7:54am Apr 15, 2010 7:54am
Quoting Findus
aud/usd look pretty good, i think? what do you think?
could be looks like its on a resistance level though
  • #1,649
  • Apr 15, 2010 7:58am Apr 15, 2010 7:58am
Quoting Findus
aud/usd look pretty good, i think? what do you think?
trend line
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  • #1,650
  • Apr 15, 2010 8:33am Apr 15, 2010 8:33am
Quoting francis2
trend line
yeah you are right. i didnīt see that TL resistance
  • #1,651
  • Apr 15, 2010 10:13am Apr 15, 2010 10:13am
First trade 28 pips, last two trades 20.4 pips and 40.8 pips. However, the total net pips is only 23.3 pips today.

I always did a lot of silly things, like going long on the pairs when their trend is doing down.

It will be nice to get rid of them.
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  • #1,652
  • Apr 15, 2010 10:30am Apr 15, 2010 10:30am
Quick short trade on EJ with +15 in 3 mins
Attached Image
  • #1,653
  • Apr 15, 2010 10:45am Apr 15, 2010 10:45am
GU +5

Forming of pin bar on top and just below of R/N, took short with small SL but retraced the TS. Got 5 only.

Got to finish today otherwise overtrading, got +39 above target.

Cheers
City
  • #1,654
  • Apr 15, 2010 10:57am Apr 15, 2010 10:57am
Hi All,

am new to this thread, after studying the 1st... This was my pure PA trade today on GJ, please could you crit and provide your input.

I normally trade longer TF's. Although smaller TF's trended up, the Day still trended down, so I opted to either be sidelined or go short, and then this opportunity presented itself.


Impulse : Red
Corrections: Purple

Trade 1: entry upon passing signal candle close, after failing retest of resistance, SL @ Resistance; + 60

Trade 2: entry upon passing signal candle close, failing to breach the resistance @ 38% of prev move, SL above 38% level +5; +25

Trade 3: Entry 5 pips below RN after retesting of RN failed, SL 10 pips above RN - +55 (pinbars convinced me action was over)

Much appreciated
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  • #1,655
  • Apr 15, 2010 11:05am Apr 15, 2010 11:05am
Quoting Paulette
Hi All,

am new to this thread, after studying the 1st......
Wellcome Paulette, having looked at your trades I would say they are spot on
  • #1,656
  • Apr 15, 2010 11:08am Apr 15, 2010 11:08am
eu short, break of indecision bar +15
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  • #1,657
  • Apr 15, 2010 11:31am Apr 15, 2010 11:31am
Quoting francis2
Wellcome Paulette, having looked at your trades I would say they are spot on
Thanks Francis2 for your feedback - I understand why Sho use the bar chart, it does give you a very clear entry point - guess I will switch between the candles & bars until I am comfortable with the bars overall.

I used the close of the trigger bar to complete the "Order to open" and kept the tickets ready to enter, it helped to make it more accurate and less emotional. Stop Losses were fairly small too, which made the R:R worth while.
  • #1,658
  • Apr 16, 2010 12:03am Apr 16, 2010 12:03am
come to post you trade no matter it is + or -, share with each other.

Keep an eye on Francis2's posts with charts, he (I trust he is a gentleman) always pick the good trades.

Cheers all
City
  • #1,659
  • Edited 12:26am Apr 16, 2010 12:16am | Edited 12:26am
A quick long on GU, a bit late entry as not quite sure whether it is flat or not.
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  • #1,660
  • Apr 16, 2010 12:24am Apr 16, 2010 12:24am
Quoting Buildcity
Quick short trade on EJ with +15 in 3 mins
Hi mate,


I need the news indicator can u provide a link .

Good to see u r providing the charts for people like me.

Thanks a lot for ur inputs.

Hari.
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