Intraday price action trend trading | Page 112 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MultiTimeFrame Trend Trading with Price Action 242 replies

Any Recommendations on Learning Intraday Price Action Trading 5 replies

Price Pattern Notifications/Trend Alert Price Action Scanner 7 replies

Trend following intraday breakout - my trading journal 11 replies

intraday trend trading with price action 2,063 replies

Attachments: Intraday price action trend trading
Exit Attachments

Intraday price action trend trading

  • #2,221
  • Apr 30, 2010 12:16pm Apr 30, 2010 12:16pm
Quoting francis2
See you later guys Bank holiday in uk monday could be quieter
Good night Francis, its 1am in my time,

Nice to trade with you all.

City
  • #2,222
  • Apr 30, 2010 12:17pm Apr 30, 2010 12:17pm
Yea, true Since forex doesnt runs away, theres always time for me to return.

Thanks for the advice though, and in less than a month more, I will be graduating.

Good luck to me And of course you too, happy pocketing more pips.
  • #2,223
  • May 2, 2010 10:20pm May 2, 2010 10:20pm
Seems the market is going to slow not until the start of US session. Can take a rest today.http://cdn.forexfactory.com/images/icons/icon7.gif
  • #2,224
  • Edited May 3, 2010 1:35am May 2, 2010 11:49pm | Edited May 3, 2010 1:35am
The market is real slow, get out quick,
entry of ob (and pin) out break with r/n support + 123 formation.

Edit: haha, if I was patience enough, there was 40+ after several bars
Attached Image
  • #2,225
  • May 3, 2010 2:41am May 3, 2010 2:41am
The market painted a pin this morning at support and resistance and gave us a clue as to what might happen next.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 15 Min.jpg Size: 163 KB
  • #2,226
  • May 3, 2010 3:45am May 3, 2010 3:45am
No much to play - EU / GU / EJ / UJ
Attached Image (click to enlarge)
Click to Enlarge Name: 20100503-1639.jpg Size: 129 KB
  • #2,227
  • Edited 8:55am May 3, 2010 6:43am | Edited 8:55am
Pick the wrong one, should go for EJ which has better move. Anyway, got it bit by bit.

PB + OB break (almost)

Edit: PS - this is not a good set up, I entered this, apart from the above reasons, coz also the sudden raise of EJ, and the EU is used to be in same movement usually, but not this time. Just don't want to mislead others. Tks
Attached Image
  • #2,228
  • Edited 10:01am May 3, 2010 9:23am | Edited 10:01am
Hi to all,

This is my 1st post on this thread.

I have done the following trade. Comments are welcome.

Thanks to all and especially to Sho, who have assisted my understanding of price action.

Regards

Martin

Edit: Stopped out -21 pips at high of pin bar.
Attached Image (click to enlarge)
Click to Enlarge Name: uscad.gif Size: 23 KB
  • #2,229
  • Edited 9:58am May 3, 2010 9:39am | Edited 9:58am
Entry at last bar after the OB and break the r/n. Really quick

Edit: after that, the next bar from 125 is 50+, again get out too quick!!
Attached Image
  • #2,230
  • May 3, 2010 10:22am May 3, 2010 10:22am
Hi Martin,

Don't know which bar was your entry pt, but the sl on this case is a bit too width. I would suggest the stop loss might be set a bit higher than the s/r line as marked. Small sl is the way that Sho always mentions.

For sharing. I'm still learning from Sho.

Cheers
City

Quoting mt2
Hi to all,

This is my 1st post on this thread.

I have done the following trade. Comments are welcome.

Thanks to all and especially to Sho, who have assisted my understanding of price action.

Regards

Martin

Edit: Stopped out -21 pips at high of pin bar.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-05-03_2314.png Size: 103 KB
  • #2,231
  • May 3, 2010 10:34am May 3, 2010 10:34am
What do you think? Can it be traded?
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-05-03_2331.png Size: 28 KB
  • #2,232
  • May 3, 2010 10:43am May 3, 2010 10:43am
Quoting Buildcity
What do you think? Can it be traded?
City,

I did a similar exercise (before that recent nice move down) and below is what I saw (in hindsight) today.

To keep the chart clean, no S&R has been used, but in practice it would be.

With most SLs for these trades at 10 pips, the chart could have been traded by maintaining a strict 2:1 RR.

I caught just 3 of these moves which I'm pleased about since it was such a choppy day due to the holidays in UK & Japan.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 3 May 2010.png Size: 71 KB
  • #2,233
  • May 3, 2010 10:49am May 3, 2010 10:49am
Quoting priceaction
City,

I did a similar exercise (before that recent nice move down) and below is what I saw (in hindsight) today.

To keep the chart clean, no S&R has been used, but in practice it would be.

With most SLs for these trades at 10 pips, the chart could have been traded by maintaining a strict 2:1 RR.

I caught just 3 of these moves which I'm pleased about since it was such a choppy day due to the holidays in UK & Japan.
Hi rob,

Excellent description Sir, please post more.

Hari.
  • #2,234
  • Edited 10:53am May 3, 2010 10:52am | Edited 10:53am
This is a very nice OB at a Fib level.
Take a look at the 1hr chart and a head and shoulders can be seen.
Can price break down or will it be rejected?

EDIT: This is GBPUSD 15 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: Hand S.jpg Size: 81 KB
  • #2,235
  • May 3, 2010 11:06am May 3, 2010 11:06am
Rob,

Really thanks for the sharing.

Actually I have little watch on GU today coz its holiday. But I think this kind of choppy move would kill many traders. And I'm quite sure I would be the one if I jump in.

Your contribution here would definitely help those newbies.

Tks
City



Quoting priceaction
City,

I did a similar exercise (before that recent nice move down) and below is what I saw (in hindsight) today.

To keep the chart clean, no S&R has been used, but in practice it would be.

With most SLs for these trades at 10 pips, the chart could have been traded by maintaining a strict 2:1 RR.

I caught just 3 of these moves which I'm pleased about since it was such a choppy day due to the holidays in UK & Japan.
  • #2,236
  • May 3, 2010 1:50pm May 3, 2010 1:50pm
Quoting mt2
Hi to all,

This is my 1st post on this thread.

I have done the following trade. Comments are welcome.

Thanks to all and especially to Sho, who have assisted my understanding of price action.

Regards

Martin

Edit: Stopped out -21 pips at high of pin bar.
hi Martin
i dont know why u entered this trade as u dit,
looking at the chart , for me there was an entry after
1. no new high
2. momentum short and building of a bearish flag
3. after the flag big momentum on shortside
4. keltner fiollowing the impulsive move
5. waiting for a corrective and then enter short with tiny stoploss risk
Attached Image
  • #2,237
  • May 3, 2010 2:00pm May 3, 2010 2:00pm
Quoting priceaction
City,

I did a similar exercise (before that recent nice move down) and below is what I saw (in hindsight) today.

To keep the chart clean, no S&R has been used, but in practice it would be.

With most SLs for these trades at 10 pips, the chart could have been traded by maintaining a strict 2:1 RR.

I caught just 3 of these moves which I'm pleased about since it was such a choppy day due to the holidays in UK & Japan.

thank u for your extrem helpful post.
we all can learn from you , i hope yuo stay here for a while, posting your jewels
  • #2,238
  • May 4, 2010 1:28am May 4, 2010 1:28am
1st: head down, short entry after pin, seems a support below (around red line), then manual cut with +9.

2nd: OB break r/n then entry, get out quick, +11

PS - for 2nd short, still hesistated on r/n around, otherwise could be enter at last pin after rejected from MA10 with bigger profit.
Attached Image (click to enlarge)
Click to Enlarge Name: 20100504-1150.jpg Size: 103 KB
Attached Image
  • #2,239
  • May 4, 2010 1:53am May 4, 2010 1:53am
I am short eurusd
arrow: signal bar
cross: entry, stoploss 21pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 20 KB
  • #2,240
  • May 4, 2010 2:07am May 4, 2010 2:07am
audnzd short
arrow: third test of the round number, close below lower Keltner band
cross: enty, stoploss 12 + 8pips spread
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 21 KB
1 trader viewing now