Intraday price action trend trading | Page 256 | 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

  • #5,101
  • Edited 9:34pm Aug 17, 2010 8:23pm | Edited 9:34pm
Though it is Asia session, the setup is surely the classic Sho's method -> A+.

If we read the bar one by one, 1st big momentum red bar drive the price down, then a green retrace (IB too), perfect entry on the last red you entered.

Quoting jj7000
In trade 1 hour . so exited +5 pip during slow session
  • #5,102
  • Aug 17, 2010 9:34pm Aug 17, 2010 9:34pm
Quoting Buildcity
Though it is Asia session, the setup is surely the classic Sho's method -> A+.

If we read the bar one by one, 1st big momentum red bar drive the price down, then a green retrace (IB too), perfect entry for the last red you entered.

Thanks City, I really do appreciate it. I hope you have a great trading day like always
  • #5,103
  • Edited 10:16pm Aug 17, 2010 9:37pm | Edited 10:16pm
Hey JJ,

You in this one?

UPDATE: Closed at Support area after stalling for +19
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-17_2235audusd_short.png Size: 47 KB
  • #5,104
  • Aug 17, 2010 10:15pm Aug 17, 2010 10:15pm
Quoting TheRoper
Hey JJ,

You in this one?
I like the setup.

Hi Roper, not in that trade, I was talking on my cell phone ,lol. But I am calling it a day. I was up this morning and I saw two setups, but I felt like it was to risky because price barely broke out of range and I felt like it could easily return to those zones. I have learned how to walk away with no trades and feel good about it.
  • #5,105
  • Aug 17, 2010 10:18pm Aug 17, 2010 10:18pm
I know what you mean, it takes a lot to walk away from a trade.

This time of day can have some good setups. It is 11pm for me. I am able to get a few in before bed.

Have a great evening.

Kurt

Quoting jj7000
Hi Roper, not in that trade, I was talking on my cell phone ,lol. But I am calling it a day. I was up this morning and I saw two setups, but I felt like it was to risky because price barely broke out of range and I felt like it could easily return to those zones. I have learned how to walk away with no trades and feel good about it.
  • #5,106
  • Aug 17, 2010 10:30pm Aug 17, 2010 10:30pm
Quoting TheRoper
I know what you mean, it takes a lot to walk away from a trade.

This time of day can have some good setups. It is 11pm for me. I am able to get a few in before bed.

Have a great evening.

Kurt

thanks roper same to you,

Joe
  • #5,107
  • Aug 17, 2010 10:37pm Aug 17, 2010 10:37pm
Let's see how far this break out trade will go.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-17_2334_usd_cad_long.png Size: 63 KB
  • #5,108
  • Aug 18, 2010 4:14am Aug 18, 2010 4:14am
Plenty of buying after Bank of England MPC meeting minutes were released.

I'm awaiting price action but the chart below describes one possibility.
The other possibility is UP

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 15 min 18 August 2010.jpg Size: 185 KB
  • #5,109
  • Aug 18, 2010 4:24am Aug 18, 2010 4:24am
Quoting priceaction
Lots of news today but the area shown in the chart I posted 6 hrs ago (below) showed a Supply zone that gave us shorting opportunities on several occasions today when price returned to it time after time.

It's just been back there again.

Rob
Remember THIS yesterday?
Look at where EURUSD is AGAIN.

Let price action confirm.

Rob
  • #5,110
  • Aug 18, 2010 5:02am Aug 18, 2010 5:02am
Quoting priceaction
Plenty of buying after Bank of England MPC meeting minutes were released.

I'm awaiting price action but the chart below describes one possibility.
The other possibility is UP

Rob
Beautiful pin for a classic Sho entry and a 24 pip scalp.

(this pair is now VERY overbought)
Rob
Attached Image
  • #5,111
  • Aug 18, 2010 5:20am Aug 18, 2010 5:20am
Quoting priceaction
Beautiful pin for a classic Sho entry and a 24 pip scalp.

(this pair is now VERY overbought)
Rob
Hi Rob, I have seen this pinbar, but I didn't take this trade, because the pinbar was in the supply zone already and there was the weekly pivot nearby. Is exactly this my problem: a lack of confidence and thus too hesitant?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 27 KB
  • #5,112
  • Aug 18, 2010 5:33am Aug 18, 2010 5:33am
Quoting Milton
Hi Rob, I have seen this pinbar, but I didn't take this trade, because the pinbar was in the supply zone already and there was the weekly pivot nearby. Is exactly this my problem: a lack of confidence and thus too hesitant?
We never know what will REALLY happen and it's PA which must guide us.

All the other things like supply & demand zones are "areas of interest" which we should be aware of as price might react there. And then there's momentum, which as we know Sho preaches ....exceeds everything.

The best we can do is to have confidence in our edge. Sometimes the edge doesn't work, but we are not trading "to be right all the time". We are trading to "end up in profit". To do that, we need to trust that our edge will do the right thing for us over a large enough number of trades.

But missing one trade is not important, as there are thousands waiting to be taken in the future.

Rob
  • #5,113
  • Aug 18, 2010 5:39am Aug 18, 2010 5:39am
Quoting priceaction
We never know what will REALLY happen and it's PA which must guide us.

All the other things like supply & demand zones are "areas of interest" which we should be aware of as price might react there. And then there's momentum, which as we know Sho preaches ....exceeds everything.

The best we can do is to have confidence in our edge. Sometimes the edge doesn't work, but we are not trading "to be right all the time". We are trading to "end up in profit". To do that, we need to trust that our edge will do the right thing for us over a large...
Thank you.
  • #5,114
  • Aug 18, 2010 5:56am Aug 18, 2010 5:56am
Here's a gusty GU short entry.

Let's see if it works out well ...or not
There's a lot of room to fall so I like the R:R.

Rob
Attached Image
  • #5,115
  • Edited 7:28am Aug 18, 2010 6:29am | Edited 7:28am
Quoting priceaction
Here's a gusty GU short entry.

Let's see if it works out well ...or not
There's a lot of room to fall so I like the R:R.

Rob
ok, I'm playing the third round with you, hehe

Edit: this time -ve SL
  • #5,116
  • Aug 18, 2010 7:50am Aug 18, 2010 7:50am
Long play

UPDATE: closed +20
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-18_0846.png Size: 71 KB
  • #5,117
  • Aug 18, 2010 7:59am Aug 18, 2010 7:59am
Quoting TheRoper
Long play

UPDATE: closed +20
Nice one Kurt
  • #5,118
  • Aug 18, 2010 8:02am Aug 18, 2010 8:02am
Thanks Rob

Quoting priceaction
Nice one Kurt
  • #5,119
  • Aug 18, 2010 8:52am Aug 18, 2010 8:52am
Quoting TheRoper
Long play

UPDATE: closed +20
Hi Kurt,

Can you please explain why you go long on this. I can see that you were with impulsive wave, but what was the price action, to confirm that long.
Is that was the level break (resistance break) which made you to take the shot?
Thanks I am trying to learn this method.
  • #5,120
  • Aug 18, 2010 9:02am Aug 18, 2010 9:02am
Quoting TheRoper
Long play

UPDATE: closed +20

Nice trading Kurt.

Now that I have found where you hang out. I like your style. I will be watching this thread as well. It looks to me like what I will learn here will fit in great with how I trade.

I didn't trade it last nlght I was to tired. But with my ttading style I called it a bounce off Tokyo high. The green box is Tokyo's range.

I am looking forward to what I can learn here.

Rufus
Attached Image (click to enlarge)
Click to Enlarge Name: 8.18kurt.jpg Size: 105 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
1 trader viewing now