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Intraday price action trend trading

  • #2,681
  • May 17, 2010 10:14am May 17, 2010 10:14am
its around 4420, why short ?
Never whishing, always trading.
  • #2,682
  • May 17, 2010 10:22am May 17, 2010 10:22am
Quoting Buildcity
My network is down, I have a short entry on GU, could have been +20, now everything suspended
At last got out,

Hova, its my old (bad) habit to play 123 formation. Luckly got out. But actually late entry.
PS - not Sho's way
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  • #2,683
  • May 17, 2010 10:28am May 17, 2010 10:28am
Quoting Fxfighter
Hi Dave,
From my wiev that was perfekt set up go long as PB rejected from support and u can see there is still bulish momentum and if u look at chart u can see Bears were just to weak push price down,PB has nice long nose and close bullish.
Anyway is just my opinion and after action.But if I am in front screen I take it with closely watch any reaction @RN.

Regards
Fx
I agree with your analysis, I just thought the 2 red bars were a little too big for a safe retracement entry. Perhaps the fact that they closed well off the lows was enough to say the bullish momentum was still intact. I dunno, still trying to learn to read momentum properly.
  • #2,684
  • May 17, 2010 10:44am May 17, 2010 10:44am
hey guys

one concept of price action that i'm still unclear about is PRICE CONFIRMATION. i know that is important in finding an A+ setup.

how do you go about finding PRICE CONFIRMATION? what exactly do i need to look out for?

help will be greatly appreciated!

thank you
  • #2,685
  • May 17, 2010 10:49am May 17, 2010 10:49am
Quoting Buildcity
Did you guys play this long, a very good 70p from perfect setup with Sho's rule. Missed that during the way to home
YES and it was bulish hidden divergence as well.
have u noticed where it reversed.

its not conservative long entry.its was an agresisive long .its a pass trade for conservative players.looks like you got lots of pip today?
attached the image
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  • #2,686
  • May 17, 2010 10:49am May 17, 2010 10:49am
EJ, just to clear some things in my mind, this is a valid short entry ?
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Never whishing, always trading.
  • #2,687
  • May 17, 2010 10:52am May 17, 2010 10:52am
Quoting Hova
EJ, just to clear some things in my mind, this is a valid short entry ?
yes .see my last post .its been allready rejected from the supply level.it was a confirmed valid short entry.
  • #2,688
  • May 17, 2010 10:56am May 17, 2010 10:56am
Quoting trade price
YES and it was bulish hidden divergence as well.
have u noticed where it reversed.

its not conservative long entry.its was an agresisive long .its a pass trade for conservative players.looks like you got lots of pip today?
attached the image
Tks Sho,

It's around 70p in my safe now. 2+ times of my daily target. Tks for your guidance since the yr beginning.

City
  • #2,689
  • May 17, 2010 10:56am May 17, 2010 10:56am
Quoting Sutts
I agree with your analysis, I just thought the 2 red bars were a little too big for a safe retracement entry. Perhaps the fact that they closed well off the lows was enough to say the bullish momentum was still intact. I dunno, still trying to learn to read momentum properly.
Dave,I think u do very good.I red first thread and all your posts,look like u are on the right way,but maybe u just sometimes overcomplicat that's all.Anyway u have your own way,which is look good so just keep it.That set up was good to me and u and Hova said no,which is fine u have just own rules.
Fx
  • #2,690
  • May 17, 2010 11:02am May 17, 2010 11:02am
Quoting Fxfighter
Dave,I think u do very good.I red first thread and all your posts,look like u are on the right way,but maybe u just sometimes overcomplicat that's all.Anyway u have your own way,which is look good so just keep it.That set up was good to me and u and Hova said no,which is fine u have just own rules.
Fx
he just need to build confidence and trust himself.
your judgemends are great buddy.keep it up.
  • #2,691
  • May 17, 2010 11:06am May 17, 2010 11:06am
EJ NOW
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  • #2,692
  • May 17, 2010 11:10am May 17, 2010 11:10am
Yes, 2 good entries while I's struggling with the GU (actually I tighten my hands already)
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  • #2,693
  • May 17, 2010 12:21pm May 17, 2010 12:21pm
A little lady ~ do it straight in simple way,

A sculpture ~ keep thinking a hundred of probabilities

May be we are still in a cross road..........
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  • #2,694
  • May 17, 2010 2:46pm May 17, 2010 2:46pm
I know this has been mentioned by someone before but what can I use instead of the keltner channel on Oanda? And what settings?

Thanks!

P.S. This is now my favorite thread on FF, reading all the posts daily and am learning a lot so thanks guys. Hopefully I will post up some charts soon of my trades!
  • #2,695
  • May 17, 2010 6:28pm May 17, 2010 6:28pm
Quoting Ultimatus
I know this has been mentioned by someone before but what can I use instead of the keltner channel on Oanda? And what settings?

Thanks!

P.S. This is now my favorite thread on FF, reading all the posts daily and am learning a lot so thanks guys. Hopefully I will post up some charts soon of my trades!
You might consider getting metatrader to use for charting and trading on Oanda, I have been doing that for several years
  • #2,696
  • May 17, 2010 8:01pm May 17, 2010 8:01pm
Quoting Buildcity
A little lady ~ do it straight in simple way,

A sculpture ~ keep thinking a hundred of probabilities

May be we are still in a cross road..........
Great picture City))
To All:
I finished first thread so I woul like to say Big thank you to Sho who opened this thread and try to help people,seniors who follow him and also to everyone who asked questions or put here their charts for discusion.I think this is one of the best thread and informations I ever read about trading!!!This method is simple and very effective.Yes needs lots of practice and screen watching but u just can't get everything for free)).
Thank u guys I am taking this present because I just love it!!!!!
I am busy in this time but I hope I will in two months time on your way with you.
Happy trading Gentlemen.
FX
  • #2,697
  • May 17, 2010 8:01pm May 17, 2010 8:01pm
Hi mate,

Check with MJUrban, he used to trade with Oanda. He surely can help you out.

Cheers
City

Quoting Ultimatus
I know this has been mentioned by someone before but what can I use instead of the keltner channel on Oanda? And what settings?

Thanks!

P.S. This is now my favorite thread on FF, reading all the posts daily and am learning a lot so thanks guys. Hopefully I will post up some charts soon of my trades!
  • #2,698
  • May 17, 2010 8:23pm May 17, 2010 8:23pm
Quoting Ultimatus
I know this has been mentioned by someone before but what can I use instead of the keltner channel on Oanda? And what settings?

Thanks!

P.S. This is now my favorite thread on FF, reading all the posts daily and am learning a lot so thanks guys. Hopefully I will post up some charts soon of my trades!
hi Ultimatus
i use STARC (10,10,1) on oanda
  • #2,699
  • May 17, 2010 10:31pm May 17, 2010 10:31pm
Hi, all:

I was thinking to buy a 47 or 50 inches monitor to monitor the pairs. So, I can see the prices from far away and get away from keyborad, in order to solve my over trading problem.

On Sunday morning, I fallen off the ladder and my right foot was damaged while I was going back from roof. I can't walk without a crutch. So, my plan to buy a tv has to be delayed.

Yesterday's trades was bad because I sit in front of the computer all the day. Also, I spent too much time on M1 chart. I think I need to read more on MA, Stoch, etc, in order to understand the price direction.

Now, I will stick to M15 all the time except for Entry, Exit, and move stop order under M1.

Today, I am working from home and have the chance to trade on day time. The first two trades ends up with +60 pips by shorting EU and Long on U-C.

Please make comments on my entries because winning doesn't mean the enter is correct.

Tang
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  • #2,700
  • May 17, 2010 10:56pm May 17, 2010 10:56pm
I quit EU and UC before.

Now, the price formation is similar to before. I will do it again to see how it goes. the stop loss is small.
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