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Intraday price action trend trading

  • #5,141
  • Aug 18, 2010 10:52am Aug 18, 2010 10:52am
Quoting 786 trading
Thanks.. that is easy to understand but the above one is not still clear to me. But I will think and read more on that to understand. Thanks again.
Hi 786,
I am not Kurt,but try to explain if I can.When you look on his chart again E/U you can see momentum larger Tf is up.Pull back was exactly to demand zone(look left side his chart)then what said Kurt rejection from this support(demand zone)with nice bullish bars which tested lows bar up(resistance)AND THEN STRONG BULLISH BAR SAID MOMENTUM IS WITH US!!Kurt enter on another bullish bar which tested highs priors bars(support)
so Why he entered Long?
because momentum was with him !!
Try to read hole picture and what is doing each bar.
I am not senior so this is only my opinion and another thing it is very easy see like this after action for me, I really dont know if i see all this thing if I try to trade.
Only my 2 newbie pips .
happy trading Sir.

FX
  • #5,142
  • Aug 18, 2010 10:55am Aug 18, 2010 10:55am
Quoting 786 trading
Thanks.. that is easy to understand but the above one is not still clear to me. But I will think and read more on that to understand. Thanks again.
And if u look on his second chart and trade U/CH is the same only thing is that pull back wasn't that deep and in my wiev his entery was much better say perfect entry.
  • #5,143
  • Aug 18, 2010 11:02am Aug 18, 2010 11:02am
Quoting xeqter
cheers mate!

i'm currently trying to improve my entry on this setup.. at the moment i am using a 2 pip buffer.. it can keep you out of some fakeouts but on the other hand you miss same valuable pips...playing the insidebars with a break is the right way imho but should we use an additional buffer? would be interesting to hear some opinions on that from you guys!
Hi Xeqter,
I enter on break IB because they are usually small and like BUOB ,BEOB,PB is better wiat for retrace and then enter.
Only my opinion Sir.

FX
  • #5,144
  • Aug 18, 2010 11:02am Aug 18, 2010 11:02am
Kurt,

Nice explanation

Eric


Quoting TheRoper
Hi 786,

Answered in the chart

Kurt

quote=786 trading;3957327]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.
[/quote]
  • #5,145
  • Aug 18, 2010 11:19am Aug 18, 2010 11:19am
Quoting Fxfighter
Hi Xeqter,
I enter on break IB because they are usually small and like BUOB ,BEOB,PB is better wiat for retrace and then enter.
Only my opinion Sir.

FX
yeah, like I said, I wait for a break of the ib's, too.. the thing is with the buffer.. if it is advisable to use it or not.. cause if we set a pending long order + 2 pip buffer + spread ( 2 on gu ) the sl gets quite big and 1:1 is sometimes hardly achievable
  • #5,146
  • Aug 18, 2010 11:50am Aug 18, 2010 11:50am
Hey 786,

Here is another chart. Let us know where you are getting confused and we will try and get you on the right track. Everyone here wants to help you see the sho way of trading.

Kurt


Quoting 786 trading
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.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-18_0845_786_chart.png Size: 163 KB
  • #5,147
  • Aug 18, 2010 11:53am Aug 18, 2010 11:53am
Hey Guys, have a great rest of the day. I have to go help my daughter move into her College Dorm over the next couple days. I am going to need a lot of pips to pay for the next 4 years.

Kurt
  • #5,148
  • Aug 18, 2010 12:01pm Aug 18, 2010 12:01pm
Quoting TheRoper
Hey Guys, have a great rest of the day. I have to go help my daughter move into her College Dorm over the next couple days. I am going to need a lot of pips to pay for the next 4 years.

Kurt
Take care Kurt, and say hello to your daughter from uncle Eric

You are getting like "Sho", haha

BTW, where is our master these days??
  • #5,149
  • Aug 18, 2010 12:01pm Aug 18, 2010 12:01pm
Quoting TheRoper
Hey Guys, have a great rest of the day. I have to go help my daughter move into her College Dorm over the next couple days. I am going to need a lot of pips to pay for the next 4 years.

Kurt
get eric to lend you some
best of luck kurt, your going to need it,
cheers ant
Stop killing our Oceans, Stop using single use plastics.
  • #5,150
  • Aug 18, 2010 12:04pm Aug 18, 2010 12:04pm
Quoting Buildcity
Take care Kurt, and say hello to your daughter from uncle Eric

You are getting like "Sho", haha

BTW, where is our master these days??
he must be on holiday spending all his hard earned pips
(took six month off so he could spend them all)
Stop killing our Oceans, Stop using single use plastics.
  • #5,151
  • Aug 18, 2010 12:17pm Aug 18, 2010 12:17pm
Quoting TheRoper
Hey Guys, have a great rest of the day. I have to go help my daughter move into her College Dorm over the next couple days. I am going to need a lot of pips to pay for the next 4 years.

Kurt
Good luck Kurt!
  • #5,152
  • Aug 18, 2010 12:22pm Aug 18, 2010 12:22pm
Quoting TheRoper
Hey 786,

Here is another chart. Let us know where you are getting confused and we will try and get you on the right track. Everyone here wants to help you see the sho way of trading.

Kurt
Sorry guys I was away to doctor's appointment. I feel very happy and like family that you guys are very kind and helpful.
Yes now I understand.. sorry for my fat brain. My trading eyes and real eyes both are not fully opened yet (I had small surgery of my eyes) co-incidence lol:

I was confused as I missed your point no.3 and point. no.4.
I did not consider that bearish candle was failed to make new lower so now it is corrective and momentum is up now. As Sho said we are day trader we do more deep (which I missed it.) Thankyou now it is clear.

Quoting Fxfighter
Hi 786,
I am not Kurt,but try to explain if I can.When you look on his chart again E/U you can see momentum larger Tf is up.Pull back was exactly to demand zone(look left side his chart)then ...

FX
Thanks FX. It is also helpful and made me some clear to see the chart. But right now I am trying to focus on one time frame only and trying to read this.
  • #5,153
  • Aug 18, 2010 6:00pm Aug 18, 2010 6:00pm
Quoting 786 trading
Sorry guys I was away to doctor's appointment. I feel very happy and like family that you guys are very kind and helpful.
Yes now I understand.. sorry for my fat brain. My trading eyes and real eyes both are not fully opened yet (I had small surgery of my eyes) co-incidence lol:

I was confused as I missed your point no.3 and point. no.4.
I did not consider that bearish candle was failed to make new lower so now it is corrective and momentum is up now. As Sho said we are day trader we do more deep (which I missed it.) Thankyou now it is clear.



Thanks...
Hi Sir,
I was refering on 15 min TF larger time frame I mean that first momentum up smaller tf I mean after that was momentum down.
Anyway Kurt done great job.
Anyway if I can u said u don't look another tf that's fine but before when u start your trading daymaybe try you fine daily and 4 hr S/r and then go to 15 and just trade with momentum.
I am sure u do good everyone is unique so try find your way with this method and u will be fine.
Happy trading to you.
FX
  • #5,154
  • Aug 19, 2010 2:24am Aug 19, 2010 2:24am
Apply the edge which Sho teaches to the EURUSD Daily chart and look at what we have.

Flick open a weekly chart and look how last week's weekly bar almost engulfed the three previous bars.

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Daily 19 August 2010.jpg Size: 222 KB
  • #5,155
  • Aug 19, 2010 3:04am Aug 19, 2010 3:04am
Below is yesterday's chart that I posted here for GBPUSD. Price has now reached the previous demand zone.

Let's see how price reacts. Plenty of news out to trigger momentum. Price action will guide us.

I still have the weekly and daily charts in mind on this pair too. Similar to EURUSD.

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 15 min 18 August 2010 c.jpg Size: 164 KB
  • #5,156
  • Aug 19, 2010 3:34am Aug 19, 2010 3:34am
Good grief.

There goes the pound.

  • #5,157
  • Aug 19, 2010 3:39am Aug 19, 2010 3:39am
Just one single 92 pip candle on a 5 min GU.
  • #5,158
  • Aug 19, 2010 3:46am Aug 19, 2010 3:46am
  •  Xpsb
  • | Joined Mar 2010 | Status: That's a Gate ahead not a Wall | 36 Posts
Quoting matlobien
Good grief.

There goes the pound.

1min 40 secs (150TIC Chart) to make that move. that's an example of why not to be in a trade around news time!!
  • #5,159
  • Aug 19, 2010 3:49am Aug 19, 2010 3:49am
mates,

A 100p run..... woooooooooooo. I cant thief this

Quoting Xpsb
1min 40 secs (150TIC Chart) to make that move. that's an example of why not to be in a trade around news time!!
  • #5,160
  • Aug 19, 2010 3:49am Aug 19, 2010 3:49am
Quoting priceaction
Apply the edge which Sho teaches to the EURUSD Daily chart and look at what we have.

Flick open a weekly chart and look how last week's weekly bar almost engulfed the three previous bars.

Rob
Hi Rob,
Thanks for great analyzes!!!!!Simple and very clear explanation..
Happy trading to you and everyone here.

FX
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