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Intraday price action trend trading

  • #2,421
  • May 11, 2010 4:03am May 11, 2010 4:03am
Quoting Milton
Hi priceaction and Jakdan. The moment of the bar with the arrow, the KC was sloping up strongly. The bar with the arrow was a 61.8% Fib retrace with the previous bar and a 38% Fib retrace with the last swing. It made a higher high in an all uptrend (1 hour and daily and weekly).
Milton,

In my opinion, the biggest reason not to enter a trade this morning was NEWS.
The markets are random and a trending market is best suited for any edge which works on a trend. When the market is awaiting news, there is often no clear trend. That's not to say profits can't be accumulated; it's just that trades have a lower probability of working out.

Whatever edge a trader uses, no trading before news is a good rule to follow.

Rob
  • #2,422
  • May 11, 2010 4:04am May 11, 2010 4:04am
Quoting Milton
Hi priceaction and Jakdan. The moment of the bar with the arrow, the KC was sloping up strongly. The bar with the arrow was a 61.8% Fib retrace with the previous bar and a 38% Fib retrace with the last swing. It made a higher high in an all uptrend (1 hour and daily and weekly).
Hi Milton,In my wiev the best enter was @ break IB who is sitting @LH.
Just my 2 pips.
  • #2,423
  • May 11, 2010 4:12am May 11, 2010 4:12am
Quoting priceaction
Milton,

In my opinion, the biggest reason not to enter a trade this morning was NEWS.
The markets are random and a trending market is best suited for any edge which works on a trend. When the market is awaiting news, there is often no clear trend. That's not to say profits can't be accumulated; it's just that trades have a lower probability of working out.

Whatever edge a trader uses, no trading before news is a good rule to follow.

Rob
Yes Rob, I think you are right.
  • #2,424
  • May 11, 2010 4:14am May 11, 2010 4:14am
Quoting Fxfighter
Hi Milton,In my wiev the best enter was @ break IB who is sitting @LH.
Just my 2 pips.
Hello Fxfighter
In hindsight yes, but just before the IB, there were strong down momentum bars.
  • #2,425
  • May 11, 2010 4:29am May 11, 2010 4:29am
Another IB break, BE now, waiting to go higher.

Regards

Peter

Edit:

Closed manually at +10, because it stopped rising
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  • #2,426
  • May 11, 2010 4:50am May 11, 2010 4:50am
Quoting Milton
Hello Fxfighter
In hindsight yes, but just before the IB, there were strong down momentum bars.
hi milton, i had also some losses, simular entries than yuors , i have no news on my calender thats why i entered, EU and UC.
So what, i think waiting for better times is the only thing we can do
  • #2,427
  • May 11, 2010 5:38am May 11, 2010 5:38am
GBPCHF short after IB re-break after retracement. I think I'll let it run for some time.
Moved SL to BE now.

Regards

Peter
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  • #2,428
  • May 11, 2010 5:52am May 11, 2010 5:52am
Quoting lartrade0623
Hey everyone,

I've been learning from Nial Fuller's videos on YouTube, he has a ton of them, all very well made and free. I've been learning from his articles too, and between the combination of his videos and articles I really have been learning a lot about price action trading and my personal trading has taken a turn for the better. Nial is very inspiring and helpful I feel, its just really great to have an actual pro. trader to help me along. Anyways, I figured this link to all his videos might help some of you, i know this thread is "intra-day"...
hello buddy
i dont know who you are .i do know this post is no good .i can feel its a promotional.and in my thread i dont like any promotional post.so please remove it if u can.i have not reported and i have not blocked you yet.dont post this kind of stuff here.if u are successfull with longer time good luck to you.u can help others here if u know how to trade.and i would love to know more from you.i am still learning.
again dont post this kind of stuff.
Regards
sho
  • #2,429
  • May 11, 2010 5:57am May 11, 2010 5:57am
Hi all,

Sitting in front of my computer about 1/2 hr but can't find any entry pt. (my watching list is only EJ & GU). So all we can do is to wait for the A+ setup, otherwise no trade is still a win. Hope you all well.

Cheers.
  • #2,430
  • May 11, 2010 6:08am May 11, 2010 6:08am
A quick 12 from EJ, entry right after the break out and cut at r/n.
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  • #2,431
  • Edited 6:31am May 11, 2010 6:19am | Edited 6:31am
Hey Sho, did you trade the last wave? I can't find the entry pt except the IB break (the last blue).

Edit: it is a +70p, I missed this one
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  • #2,432
  • Edited 10:58am May 11, 2010 6:25am | Edited 10:58am
moved in the 1st thread
  • #2,433
  • May 11, 2010 6:33am May 11, 2010 6:33am
Quoting 786 trading
Hi Sho,

I had tried to draw the corrective/imp. wave on 15 min chart of eur/usd.
And I took short trade on #1.

On #2, I did not take the short entry in direction of impulsive wave because I see the momentum was up. Please note that last bar of up was not formed while I was looking the chart.
Did I draw the lines correctly?

Thanks for your guidance and help.
wave counting is fine.and its an aggresive entry.than stoped out.
and see its 5th wave so .in the middle of the fiifth wave dont enter wait for bit retrace.see the last bearish big unusual bar thats an warning signal to pay more attention.hope u have got the idea.
and see my last post i posted for dave(sutts).
remember there is allways two way u can play a setup conservative and aggresive.think what type of trader u are.if u agresive u will have lots of small loses.u have to have gut to bear that.if u conservative u will get 2 or thre set up in a day and u will get 85% accuracy.so know what type of trader u are.
first trade of the day is most important.allways try to start with conservative setup.its the good and best start.
good trading
sho
  • #2,434
  • May 11, 2010 7:07am May 11, 2010 7:07am
May be a good long trade
  • #2,435
  • May 11, 2010 7:17am May 11, 2010 7:17am
Quoting Buildcity
May be a good long trade
if price above 117.943 maybe a good long trade.
Artist lead and hacks ask for a show of hands.
  • #2,436
  • May 11, 2010 7:17am May 11, 2010 7:17am
Ha ha, I like this

PS - this one I think it is too aggressive and may not be the Sho's trend riding way. But what I saw at the moment is the stud of bars during last 2~3hrs within the narrow range, and the price was really keeping rebound from level 117, plus 2 times of divergence. So when I saw the sudden upward move of the last blue bar, we cound give it a trial with small sl.
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  • #2,437
  • May 11, 2010 7:19am May 11, 2010 7:19am
Quoting al_yaqen
if price above 117.943 maybe a good long trade.
Thks mate, just get in, get it and get out with 31p. Too aggressive!! No follow
  • #2,438
  • May 11, 2010 7:41am May 11, 2010 7:41am
Rob,

The GU is still playing the same s/r (1.48 zone). Really have no idea.
  • #2,439
  • Edited 7:56am May 11, 2010 7:47am | Edited 7:56am
Quoting Milton
Hello Fxfighter
In hindsight yes, but just before the IB, there were strong down momentum bars.
Hi Milton.Sorry but that momentum was buliish,that's why I said I'll enter after break IB.You have small SL and u can get good R:R.
Look on your chart and tell me where is a momentum in time close IB?Trend is up and we made with that IB just HL which mean in that time have bulls still have more pover.
Anyway as said seniors,was very risky before news,but i will try market with that IB)).
With regards FX.
I forgot below that is nice ppz I mean S/R and we use in this method div.only for exit,but u can see nice div as well.
That was just my opinion if I watch that pair in that time I'll enter long.I'm not saing with my posts I don't have looses))).
  • #2,440
  • May 11, 2010 8:09am May 11, 2010 8:09am
A quick one on EJ

Still, too aggressive, small sl just below the recent support

Edit: shit could have been 50p run (same bar)
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