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Intraday price action trend trading

  • #2,861
  • Edited 1:13pm May 20, 2010 12:48pm | Edited 1:13pm
(All seniors / Sho, pls correct me if I'm wrong)

For me, I adopt Sho's momentum trading in aggressive way, i.e I won't wait for the close of confirmation bar usually. I got the insight from Sho's very early posts in this 2nd active thread that "When you get in, I'm out".
Sho is really pro to play aggressive entry but still can keep the max profit from every trade. That's the point I really need to impove.

Having said that, you can still go will Sho's conservative approach by waiting the completion of signal bar. You may find a lot of good example trading here. It all depends on your personality.

What we are trading is the momentum of current bars. for both aggressive and conservative approach.

For sharing.


Quoting Ultimatus
When trading this method, do you always wait for the 15 minute candle to close before entry?
  • #2,862
  • May 20, 2010 2:01pm May 20, 2010 2:01pm
Thanks City...

I have been trying this method for a few weeks, and am getting mixed results with waiting for the bar to finish, sometimes I miss the move by waiting, other times I am glad I waited due to a retrace.

I think momentum is the key as Sho says!

I am getting better. Will post up some trades when I am more consistant...I keep making pips then giving them back, usually due to being impatient and breaking the rules haha! Need to stop doing that!
  • #2,863
  • May 20, 2010 6:54pm May 20, 2010 6:54pm
Yesterday is the first day I trade EJ and was good.

Today, I tried again. It is really fast and I keep lossing with very tight stop loss.

Finally, I manage to win three trades on 20 pips each. I have to be a thief. Only get into the trade when it is on move and must be out when it failed to move ahead.

I lossed -120 pips this morning before I work out a little bit how Eric does. Now, I can it back to -70pips.
  • #2,864
  • May 20, 2010 8:26pm May 20, 2010 8:26pm
Tang,

Asia session, no much force to move the price, unless you really find a good setup, then go, Also, even you play within this session, just keep lower RR. dont expect too much.

Happy trading.
City


Quoting Tang63
Yesterday is the first day I trade EJ and was good.

Today, I tried again. It is really fast and I keep lossing with very tight stop loss.

Finally, I manage to win three trades on 20 pips each. I have to be a thief. Only get into the trade when it is on move and must be out when it failed to move ahead.

I lossed -120 pips this morning before I work out a little bit how Eric does. Now, I can it back to -70pips.
  • #2,865
  • May 20, 2010 11:02pm May 20, 2010 11:02pm
Hello again. This was my first day using what i have see in this thread and PA. And i close in 0 jajaj. I honestly think that it was very good(maybe lucky).

Although i have a question. The pivots that we can see in your charts( when you refer to them as weekly, daily pivot) are just the pivot(high+close+low/3) or all the s1,s2,s3,r1,r2,r3 we can get from them?.

in the next days im gonna upload some of my trading chart's for you to tell me if im seeing the right setup, because im not sure but some of the trades went way against me before i could put the BE. Not a lot of post's in this thread today.. hoping you got some good trades today,Cya!
  • #2,866
  • Edited 12:53am May 21, 2010 12:16am | Edited 12:53am
If the market is flat like this, go out somewhere, don't trade.

Edit: haha, I forgot I shrink the chart, it should be like ths
Attached Images
  • #2,867
  • May 21, 2010 1:06am May 21, 2010 1:06am
Caught this 123 formation, great resistance above, 50% retrace, entry & exit in the same bar

Slide show

Edit: dont know how to handle the sequent, should be 2nd pic first, then the 1st pic
Attached Images
  • #2,868
  • May 21, 2010 1:08am May 21, 2010 1:08am
morning eric, all alone
Stop killing our Oceans, Stop using single use plastics.
  • #2,869
  • May 21, 2010 1:10am May 21, 2010 1:10am
Quoting jakdan
morning eric, all alone
Morning Jakdan, Yes, today is HK holiday, seems no much force in the market
  • #2,870
  • Edited 1:25am May 21, 2010 1:23am | Edited 1:25am
I just Feel my dancing partner is the candle, I hold on her, and she follows me.

Short entry right on 50% retrace of 1st red bar, exit with 10, coz my daily traget is met. Haha.

So from now on is bonus, you know what I mean.

Edit : still cant manage the pic, 2nd pic should be the entry chart,
Attached Images
  • #2,871
  • May 21, 2010 1:30am May 21, 2010 1:30am
GU keeps on testing the 1.445/7 resistance level (since the week beginning). Watch out, if you are looking for more for 1 trade, it could be a good one.

Edit, haha the room is suddenly 20 people. Morning all, happy trading
  • #2,872
  • May 21, 2010 1:35am May 21, 2010 1:35am
eric, when you get time can you explain the reason for going in on your last chart? there was also a similar pattern on EG but i wasnt sure, waitnig for the retrace, it was also a bouble top on H4
Attached Image (click to enlarge)
Click to Enlarge Name: eg.gif Size: 33 KB


PS your grammer is better than mine and im english
Stop killing our Oceans, Stop using single use plastics.
  • #2,873
  • May 21, 2010 1:39am May 21, 2010 1:39am
I will try, let me fill more pips 1st

Quoting jakdan
eric, when you get time can you explain the reason for going in on your last chart? there was also a similar pattern on EG but i wasnt sure, waitnig for the retrace, it was also a bouble top on H4
Attachment

PS your grammer is better than mine and im english
  • #2,874
  • May 21, 2010 1:40am May 21, 2010 1:40am
Eric:

Amazing entries.

I made a lot of trades with bad quality. I don't know when I can reach your level.

Do you watch other timeframes for making a decision or just stick on M15 timeframe.?
  • #2,875
  • May 21, 2010 1:53am May 21, 2010 1:53am
Keep on practice and more screen time, try to learn from the basic of implusive & corrective move, then you will soorer or later get the idea of momentum.

For TF, I just watch M15, screen altogether with M5 & M1 just make me confused.

Quoting Tang63
Eric:

Amazing entries.

I made a lot of trades with bad quality. I don't know when I can reach your level.

Do you watch other timeframes for making a decision or just stick on M15 timeframe.?
  • #2,876
  • May 21, 2010 1:55am May 21, 2010 1:55am
gu +25 test of r/.n trendline, retrace short
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  • #2,877
  • May 21, 2010 2:09am May 21, 2010 2:09am
aus b/e
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  • #2,878
  • May 21, 2010 2:11am May 21, 2010 2:11am
Quoting jakdan
eric, when you get time can you explain the reason for going in on your last chart? there was also a similar pattern on EG but i wasnt sure, waitnig for the retrace, it was also a bouble top on H4
Attachment

PS your grammer is better than mine and im english
Jakdan, hope this help.

Do remember to read the 1st thread, you can know much more idea.

Sho / Francis please correct me if I'm wrong

Edit: when I'm typing, the super Francis has come, he surely will get all the pips, nothing leave for us
Attached Image
  • #2,879
  • May 21, 2010 2:17am May 21, 2010 2:17am
I'm in love with EJ, short near the resistance above, sharp cut with 20.

4mins work

Edit, 2nd pic for entry, 1st pic for exit already
Attached Images
  • #2,880
  • May 21, 2010 2:17am May 21, 2010 2:17am
eu +36 indecision bar break then trendline break and retest
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