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Intraday price action trend trading

  • #2,261
  • May 4, 2010 5:42am May 4, 2010 5:42am
Quoting Hova
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
hello guys
hope all of u guys are ok.
hey nova i think u did not read my yesterdays post #1966

and in that post i said--
u have to take all the trades ur methood gives u.
if u take one and dont take the other one. u will see the one u did not take was the best one .so trust ur methood and follow-----------

but good thing is at least your are spoting good entrys.


Quoting xeqter
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!
its an A+ entry.see its bounce of from previous supoort now resistant.and its a fib levels.


to milton.
mate your entrys are late buddy.if one goes wrong u will lose lots of pips.



will be back in 10 mins.
  • #2,262
  • May 4, 2010 5:46am May 4, 2010 5:46am
Morning Sho, Just finish your breakfast then come?

I have no trade now as all my watch list are in consolidation.

Quoting trade price
hello guys
hope all of u guys are ok.
hey nova i think u did not read my yesterdays post #1966

and in that post i said--
u have to take all the trades ur methood gives u.
if u take one and dont take the other one. u will see the one u did not take was the best one .so trust ur methood and follow-----------

but good thing is at least your are spoting good entrys.
  • #2,263
  • May 4, 2010 5:50am May 4, 2010 5:50am
Quoting Hova
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
But i think u did a good job by passing them, not looking so good.
.
  • #2,264
  • May 4, 2010 6:59am May 4, 2010 6:59am
Finding it hard today.

2 recent trades
EJ +20
USDCHF +12
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ.GIF Size: 9 KB
Click to Enlarge Name: USDCHF.GIF Size: 9 KB
  • #2,265
  • May 4, 2010 8:19am May 4, 2010 8:19am
once again thanks for all the posts, been learning alot from observing the past few months.

quick question.

there were 2 versions of kelthner channels posted. one was a plain 'kelthner channel' and another a 'kelther_v1'.

there were differences between the two on a chart.

which do you guys use? am i suppose to change their settings of the kelthner according to the time frames i am using?

thanks so much.
  • #2,266
  • Edited 8:37am May 4, 2010 8:29am | Edited 8:37am
Hi mate,

Go to post #1, page one of 1st thread, Sho has attached the KC indicator. For the setting, simply input 10 for M15. That's the way we used.

Edit: go to post #1946, 1st thread again, Sho did talk about some details of kelthner channel.

Happy trading

Cheers
City

Quoting firdaus10
once again thanks for all the posts, been learning alot from observing the past few months.

quick question.

there were 2 versions of kelthner channels posted. one was a plain 'kelthner channel' and another a 'kelther_v1'.

there were differences between the two on a chart.

which do you guys use? am i suppose to change their settings of the kelthner according to the time frames i am using?

thanks so much.
  • #2,267
  • May 4, 2010 8:40am May 4, 2010 8:40am
Woh, the EJ is just breaking the recent support at 123.3......another 300p today?
  • #2,268
  • May 4, 2010 8:49am May 4, 2010 8:49am
Quoting Buildcity
Woh, the EJ is just breaking the recent support at 123.3......another 300p today?
For EU it is year low
  • #2,269
  • May 4, 2010 8:53am May 4, 2010 8:53am
Quoting sruthihari
For EU it is year low
Oh yeah, these few days I am always thinking to put a long order (once we have any confirmation singal) for long term play. Still waiting.
  • #2,270
  • May 4, 2010 10:08am May 4, 2010 10:08am
Guys,

Believe me or not but we cannt pay back our great Brother and Teacher Sho for this wonderful method.
To see the actual mechanics of this market.
I never saw or think market as supply/demand and momentum. I am still short at 1.3056 e/u.

Thanks brother Sho again. You will be always highly respected by us.
Attached Image
  • #2,271
  • May 4, 2010 1:32pm May 4, 2010 1:32pm
its a panic day all over the board.
even in the cnbc as well.specialy its bad for EU .
nasdaq is and dow heavily down as well
Attached Image

Attached Image
  • #2,272
  • May 5, 2010 12:08am May 5, 2010 12:08am
Yeah, today Hang Seng Index (Hong Kong - HSI) with 400 dorp once opened (if you guys watch the index all over the world). What a disaster day (well, I got some stocks on hand now turn up as wall papers in my living room...... haha)

Quoting trade price
its a panic day all over the board.
even in the cnbc as well.specialy its bad for EU .
nasdaq is and dow heavily down as well
Attachment
Attachment
  • #2,273
  • Edited 3:13am May 5, 2010 2:56am | Edited 3:13am
Morning Sho.

Were either of these 2 GU long trades risky or invalid please?

When I took them I did see EU getting tugged down which should have set the alarm bells ringing I suppose. But, just based on this chart, were the entries reasonable?

Thanks

Dave
Attached Image (click to enlarge)
Click to Enlarge Name: GU1.GIF Size: 12 KB
  • #2,274
  • May 5, 2010 3:23am May 5, 2010 3:23am
This trade was not with the trend so it was riskier. But price reached a support and resistance zone that I like to have marked on my chart.
The entry was also at the 61.8 fib level and the IB triggered the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 15 min 5 May 2010.jpg Size: 95 KB
  • #2,275
  • May 5, 2010 4:44am May 5, 2010 4:44am
I entered short,

- Keltners indicating downtred
- Pullback
- Price action to below previous Bullish Bar
- This is demo, on trading account enterd on pullback at .7194 to reduce SL

Comments are appreciated.

Regards

Martin
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 17 KB
  • #2,276
  • May 5, 2010 4:56am May 5, 2010 4:56am
The market is awaiting US news and therefore we see a pennant forming.
This is time to take care and preserve our capital.

Read more about pennants

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: USD News.jpg Size: 303 KB
  • #2,277
  • May 5, 2010 5:16am May 5, 2010 5:16am
morning guys.
problem with my firefox.trying to post from last few minutes.

to DAVE(sutts).

if u read ROB'S post you will get the idea.why it did not worked.
eventhough resistant above i would have taken the first entry(aggresive play ).in the second one u can see insiude bar break from resistant level so thats a definately short.and u can see break out retested as well to validate .

to Rob.
IF u can post that in the main thread so people can learn something from that post.how to look for major support and resitant.
  • #2,278
  • May 5, 2010 5:23am May 5, 2010 5:23am
my last gu play.about 14 pip
Attached Image
  • #2,279
  • May 5, 2010 5:41am May 5, 2010 5:41am
lets see if GU can hold bullish hidden divergence

EDIT:
NOT 15 MINS.watching something else.will share in the future.
  • #2,280
  • May 5, 2010 5:55am May 5, 2010 5:55am
Quoting mt2
I entered short,

- Keltners indicating downtred
- Pullback
- Price action to below previous Bullish Bar
- This is demo, on trading account enterd on pullback at .7194 to reduce SL

Comments are appreciated.

Regards

Martin
hey martin
are u using stop loss?
if bar is big wait for retrace.dont jump when break out comes.
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