Intraday price action trend trading | Page 113 | 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

  • #2,241
  • May 4, 2010 2:11am May 4, 2010 2:11am
eurusd closed near yesterday's low + 14 pips
  • #2,242
  • May 4, 2010 2:13am May 4, 2010 2:13am
Quoting Milton
I am short eurusd
arrow: signal bar
cross: entry, stoploss 21pips
i was also short there, but at touch of the keltner middle, teh MA10 at 1,3189, close now 1,3158
i wonder why you take the short so late and not at the corrective move?
  • #2,243
  • May 4, 2010 2:16am May 4, 2010 2:16am
Quoting Milton
audnzd short
arrow: third test of the round number, close below lower Keltner band
cross: enty, stoploss 12 + 8pips spread
Milton, what a huge spread from your broker!!

similar to my profit on each trade!! so you share your profit with broker?

Happy trading
  • #2,244
  • May 4, 2010 2:23am May 4, 2010 2:23am
typical situation for me,
what shall i do?
take the 14 pips profit after the price came back or wait for another long move, maybe to the former top?
Attached Image
  • #2,245
  • May 4, 2010 2:24am May 4, 2010 2:24am
Quoting MJurban
i was also short there, but at touch of the keltner middle, teh MA10 at 1,3189, close now 1,3158
i wonder why you take the short so late and not at the corrective move?
Hi MJurban, I entered at the cross on my picture, so I entered before you, no?
  • #2,246
  • May 4, 2010 2:25am May 4, 2010 2:25am
Quoting Buildcity
Milton, what a huge spread from your broker!!

similar to my profit on each trade!! so you share your profit with broker?

Happy trading
Hi BC. I am in my demo account. I never would trade live with this broker.
  • #2,247
  • May 4, 2010 2:26am May 4, 2010 2:26am
i trailed the SL to +10 pips, shall i move the TP higher?
Attached Image
  • #2,248
  • May 4, 2010 2:30am May 4, 2010 2:30am
audnzd short: stoploss BE and partial profit take at +8 pips
  • #2,249
  • May 4, 2010 2:31am May 4, 2010 2:31am
Quoting MJurban
i trailed the SL to +10 pips, shall i move the TP higher?
For you, keep it running until its stop out.

For me, get the profit. Coz I'm thief

We have different personality.

Hope you well.

Happy trading
City
  • #2,250
  • May 4, 2010 2:33am May 4, 2010 2:33am
audnzd closed + 8 pips
  • #2,251
  • May 4, 2010 2:35am May 4, 2010 2:35am
Hi folks ! Nice thread


Did someone made money out of these 3 beauties ?
I certainly diddn't. I noticed these patterns but only watched them playing out.
got some serious problems to pull the trigger

btw. first is EJ, second EU and third GU M15
Attached Images
Never whishing, always trading.
  • #2,252
  • May 4, 2010 2:36am May 4, 2010 2:36am
Quoting MJurban
i trailed the SL to +10 pips, shall i move the TP higher?
Have a read through Sho's recent post on profit targets
Rob
  • #2,253
  • May 4, 2010 2:37am May 4, 2010 2:37am
Quoting Milton
Hi MJurban, I entered at the cross on my picture, so I entered before you, no?
no, actual not, i entered after the breakout , but thats not Shos methode cause that is chasing the market.
But shos entry would be after the breakout, after first retrace, the point exatly where you paint the arrow. That would ahve been ny entry if i would ´have not taken the breakout trade
  • #2,254
  • May 4, 2010 2:48am May 4, 2010 2:48am
Quoting MJurban
no, actual not, i entered after the breakout , but thats not Shos methode cause that is chasing the market.
But shos entry would be after the breakout, after first retrace, the point exatly where you paint the arrow. That would ahve been ny entry if i would ´have not taken the breakout trade
Yes, you are right. Sho also said to me, that I am too late with my entries. But watching 10 pairs, you can miss the best entry. But it turned plus, so it's ok.
  • #2,255
  • May 4, 2010 2:57am May 4, 2010 2:57am
Quoting priceaction
Have a read through Sho's recent post on profit targets
Rob
thank u for remainding me on this one,
what Sho says there , the last part
Quote
:"specialy choppy day if i trade i manage to get quick in and out.u cant expect bigger move in the choppy market.
choppy days mean supply and demand (sellers and buyer) levels are equally respected by the market .
those days are tough to trade.if u can spot .stop trading as soon as u realise its a flat day.or if u trade,do that very carefully."

thats probly what we are to in this days, with euro trouble in teh eurozone.

My ration was more the 3:1 so no sweat, i need to cool down a bit not try to get the perfect exit on every trade.
  • #2,256
  • May 4, 2010 3:08am May 4, 2010 3:08am
Quoting Buildcity
For you, keep it running until its stop out.

For me, get the profit. Coz I'm thief

We have different personality.

Hope you well.

Happy trading
City
thank you City, yes i am well. I picked enough pips and money for today so i close my plattform an have a Day
c u all next time (maybe US session)
  • #2,257
  • May 4, 2010 4:00am May 4, 2010 4:00am
Another very nice setup. Don't know if Sho would have taken it because it is not such a nice pinbar.. for me it is a "dark cloud cover". Obviously worked out pretty well!

Cheers!
Attached Image (click to enlarge)
Click to Enlarge Name: ej_m15_0405_1015.gif Size: 49 KB
  • #2,258
  • May 4, 2010 5:12am May 4, 2010 5:12am
Quoting Milton
Yes, you are right. Sho also said to me, that I am too late with my entries. But watching 10 pairs, you can miss the best entry. But it turned plus, so it's ok.
I don't know how much monitors you have, but unless you have a least 4 monitors to my mind watching 10 pairs simultaniously is impossible. Maybe you should try to concentrate on less pairs max. 5 or so..

Cheers!
  • #2,259
  • May 4, 2010 5:20am May 4, 2010 5:20am
Guys,

If you have particular interest on GU, there are few good setups in last hours. Miss that all as at work

Overall momentum - down

Green - Implusive
Red - Corrective
Blue - Corrective to implusive

Trade with Implusive

I'm not good on this counting, if someone pls correct me.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 75 KB
  • #2,260
  • May 4, 2010 5:24am May 4, 2010 5:24am
Hi

Thanks for comments on my last trade posted. I appreciate the effort.

I have taken the following trade.
- 38,2 Retracement
- Prior support become resistance.
- Stop of 18 pips, allowed for volatility due to nature of pair
- Closed out 1/2 at +29 pips
- Targeted 138 Fib. This may be ambitious, but moved SL to breakeven.

Comments are appreciated.

Regards

Martin
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 27 KB
25 traders viewing now