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Intraday price action trend trading

  • #2,061
  • Apr 29, 2010 1:43am Apr 29, 2010 1:43am
Quoting rogerdoger
hi guys, is this how sho would play the momentum bars?
to me the problem here is a very big red bar and only a small retrace its eu I believe and if you look even though there are inv hammers there wasnt much follow through depends on your t/p and risk tolerance but for a 2/3:1 trade not good

edit I dont think it is eu same applies for me though
post which chart of which pair it is then Ill have a better look
  • #2,062
  • Apr 29, 2010 1:53am Apr 29, 2010 1:53am
Quoting francis2
eu +10
each to their own an example of why I personally am loath to hold beyond candle 1
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  • #2,063
  • Apr 29, 2010 1:55am Apr 29, 2010 1:55am
e/j in wedge
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  • #2,064
  • Apr 29, 2010 2:03am Apr 29, 2010 2:03am
good morning gents, 1st time to reply (its took me 2 weeks to read the thread) and do some practice, amazing methood, seems to work for me, need to sort the stops etc but think i'm going to make this work, so simple yet so effective, see the charts now like i never have, scary,
just have a look at the E/J and see if its setting up nice????
cheers ant

SORRY E/G
Stop killing our Oceans, Stop using single use plastics.
  • #2,065
  • Apr 29, 2010 2:07am Apr 29, 2010 2:07am
eu +14 50% retrace just waited for price to show its hand lower first
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  • #2,066
  • Apr 29, 2010 2:09am Apr 29, 2010 2:09am
Quoting jakdan
good morning gents, 1st time to reply (its took me 2 weeks to read the thread) and do some practice, amazing methood, seems to work for me, need to sort the stops etc but think i'm going to make this work, so simple yet so effective, see the charts now like i never have, scary,
just have a look at the E/J and see if its setting up nice????
cheers ant

SORRY E/G
just my feeling its dropped too far too quick
  • #2,067
  • Apr 29, 2010 2:40am Apr 29, 2010 2:40am
gu +10 break of inside after 61% retrace +10

Please bear in mind these are valid setups but as per Sho,s rules 2/3:1 I exit early and wont let price hit the stop befor exiting but I put trading rule lines on charts ie stop line and entry
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  • #2,068
  • Apr 29, 2010 2:47am Apr 29, 2010 2:47am
Quoting francis2
just my feeling its dropped too far too quick
is that not momentum? still learning
Stop killing our Oceans, Stop using single use plastics.
  • #2,069
  • Apr 29, 2010 2:48am Apr 29, 2010 2:48am
Quoting francis2
just my feeling its dropped too far too quick
see how it retraced to sma5 first then dropped
  • #2,070
  • Apr 29, 2010 2:49am Apr 29, 2010 2:49am
Quoting jakdan
is that not momentum? still learning
it was I assumed you were wanting to enter on 8 am bar
  • #2,071
  • Apr 29, 2010 2:57am Apr 29, 2010 2:57am
what woulkd you do with your stops now? this seems to be the hardest thing for me to grasp, i get greedy, or the opposite, i just cant get it correct,
cheers ant
Stop killing our Oceans, Stop using single use plastics.
  • #2,072
  • Apr 29, 2010 3:00am Apr 29, 2010 3:00am
Quoting jakdan
what woulkd you do with your stops now? this seems to be the hardest thing for me to grasp, i get greedy, or the opposite, i just cant get it correct,
cheers ant
you move stop to b/e after its gone your stop distance then its up to you 30 pips on M15 aint bad anyway
  • #2,073
  • Apr 29, 2010 3:11am Apr 29, 2010 3:11am
read that much lately forgot about that
cheers
Stop killing our Oceans, Stop using single use plastics.
  • #2,074
  • Apr 29, 2010 3:16am Apr 29, 2010 3:16am
- 7 pips on eu short. this was a news spike, minor news, no red folder
is the impulsive move changed to long? will see
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  • #2,075
  • Apr 29, 2010 3:33am Apr 29, 2010 3:33am
eu +11
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  • #2,076
  • Apr 29, 2010 3:35am Apr 29, 2010 3:35am
uscad inside bar break
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  • #2,077
  • Apr 29, 2010 3:41am Apr 29, 2010 3:41am
Quoting MJurban
- 7 pips on eu short. this was a news spike, minor news, no red folder
is the impulsive move changed to long? will see
see my chart price on 65sma, like keltner mas do work maybe one reason
  • #2,078
  • Apr 29, 2010 4:14am Apr 29, 2010 4:14am
Quoting francis2
see my chart price on 65sma, like keltner mas do work maybe one reason
sorry my bad english, what do you say "like keltner mas do work maybe one reason", keltner works like MA or what?
At former situation keltner was down, but after theŽnews situation changed, so i am long too after the IB breakout, see app chart
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  • #2,079
  • Edited 4:26am Apr 29, 2010 4:19am | Edited 4:26am
Quoting MJurban
i am long too after the IB breakout, see app chart

if it hits 3250. round number and R1 i will close the trade

oanda goes to 1.3249 , i close 1.3240 , now lunch time for me
  • #2,080
  • Apr 29, 2010 4:34am Apr 29, 2010 4:34am
Quoting MJurban
sorry my bad english, what do you say "like keltner mas do work maybe one reason", keltner works like MA or what?
At former situation keltner was down, but after theŽnews situation changed, so i am long too after the IB breakout, see app chart
Yes I think Sho explained that keltner includes ma and atr

I was just saying one reason I didnt go short earlier was thart My 65 sma was under price even though keltner was down
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