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Intraday price action trend trading

  • #5,161
  • Aug 19, 2010 1:50am Aug 19, 2010 1:50am
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!!
unless your correct
Stop killing our Oceans, Stop using single use plastics.
  • #5,162
  • Aug 19, 2010 1:52am Aug 19, 2010 1:52am
Quoting Fxfighter
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
Thanks FX. I am trying to find my way. Currently I am on very basic stage to see the basics of chart. That is good idea to see the s/r from daily and h4. Thanks for advise and I will do that. Thanks guys you are very helpful.
Happy trading
  • #5,163
  • Edited 2:07am Aug 19, 2010 1:55am | Edited 2:07am
  •  Xpsb
  • | Joined Mar 2010 | Status: That's a Gate ahead not a Wall | 36 Posts
Quoting jakdan
unless your correct
Naturally and Very lucky
  • #5,164
  • Aug 19, 2010 2:26am Aug 19, 2010 2:26am
Missed this..
there is also forming on EU .. I think.
Attached Image
  • #5,165
  • Aug 19, 2010 2:33am Aug 19, 2010 2:33am
Quoting 786 trading
Missed this..
there is also forming on EU .. I think.

I would have taken it if it was an insidebar.. but on my feed it unfortunately wasn't an IB.. so I passed it.. next one will come!
  • #5,166
  • Aug 19, 2010 2:43am Aug 19, 2010 2:43am
Is EU buy is valid entry. The arrow one is signal bar and long at the opening of next bar.

Also E/Aud .. there I bought too which is stopped but after I realize that was wrong play. Impulsive move was down, up was corrective move. Am I correct?

Edit: EU also stopped out.
Attached Images
  • #5,167
  • Aug 19, 2010 2:56am Aug 19, 2010 2:56am
Quoting 786 trading
Is EU buy is valid entry. The arrow one is signal bar and long at the opening of next bar.

Also E/Aud .. there I bought too which is stopped but after I realize that was wrong play. Impulsive move was down, up was corrective move. Am I correct?

Edit: EU also stopped out.

when learning the method you should watch the keltner channel.. EU is flat at the moment und EA ( which I would not recommend to trade but rather stay with the majors only like EU GU EJ ) is in downtrend...
  • #5,168
  • Aug 19, 2010 4:50am Aug 19, 2010 4:50am
Quoting xeqter
I would have taken it if it was an insidebar.. but on my feed it unfortunately wasn't an IB.. so I passed it.. next one will come!
Hi Xeqter,
Why did u need for entry IB?Actully on his chart is IB.

FX
  • #5,169
  • Aug 19, 2010 5:01am Aug 19, 2010 5:01am
Quoting 786 trading
Is EU buy is valid entry. The arrow one is signal bar and long at the opening of next bar.

Also E/Aud .. there I bought too which is stopped but after I realize that was wrong play. Impulsive move was down, up was corrective move. Am I correct?

Edit: EU also stopped out.
Hi 786,
You know what you done wrong with E/A.
In my wiev that trade E/U I will be wait for deeper pullback after that strong momentum and you can see on your chart left demand zone,so wait somewhere there and than try to go long.
Sorry I am at work so I can refer only on you chart better see biger picture.Try to find your way.Maybe is better wait for right set up.
Look on Robs posts,he is doing every day analyze higher TF and then just concentrate on lower TF and try find right set up on this areas.

FX
  • #5,170
  • Aug 19, 2010 7:10am Aug 19, 2010 7:10am
Quoting Fxfighter
Hi Xeqter,
Why did u need for entry IB?Actully on his chart is IB.

FX
When a Pin like this appears and it is also an InsideBar I have more confidence to take this setup.. that's why I wait...

On my datafeed it was not an Insidebar..
  • #5,171
  • Aug 19, 2010 7:25am Aug 19, 2010 7:25am
Quoting Fxfighter
Hi 786,
You know what you done wrong with E/A.
In my wiev that trade E/U I will be wait for deeper pullback after that strong momentum and you can see on your chart left demand zone,so wait somewhere there and than try to go long.
Sorry I am at work so I can refer only on you chart better see biger picture.Try to find your way.Maybe is better wait for right set up.
Look on Robs posts,he is doing every day analyze higher TF and then just concentrate on lower TF and try find right set up on this areas.

FX
Yes Sir, you said right and thanks for advise. I would go to Rob to get his help to see the higher timeframe and demand/supply. I would also stick now only EU/GU and may EJ too. As I need lot of practice to see the setup first.
  • #5,172
  • Aug 19, 2010 11:10am Aug 19, 2010 11:10am
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
A nice entry opportunity.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 15min b - 19 Aug 2010.jpg Size: 123 KB
  • #5,173
  • Aug 19, 2010 7:32pm Aug 19, 2010 7:32pm
I'm sad that I can trade during the sessions like I was during my vacation, but no loss this week all win
  • #5,174
  • Edited 7:59pm Aug 19, 2010 7:51pm | Edited 7:59pm
Just completed the trades, trade with momentum

Back to the basic:
- impulsive move;
- Solid support;
- break of down trend

The problem is Asia market is such a slow motion, Sho's method needs market force!!

edit: 2nd pic shows the result
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20100820-1018.jpg Size: 78 KB
Click to Enlarge Name: 20100820-1054.jpg Size: 61 KB
  • #5,175
  • Aug 19, 2010 8:40pm Aug 19, 2010 8:40pm
Take care Kurt, and say hello to your daughter from uncle Erichttp://cdn.forexfactory.com/images/s...m/big_grin.gif

Hey Eric, Megan says hi and would love to have a rich uncle

best of luck kurt, your going to need it,
cheers ant

Thanks Ant

Good luck Kurt!

Thanks Rob
  • #5,176
  • Aug 19, 2010 8:45pm Aug 19, 2010 8:45pm
Hey 786,

Sometimes the break hard but if you watch closely a lot of the time it will retract right back to where you would have wanted to enter anyway.

There are tons of setups every day. So don't worry about missing a few here and there.

Keep watching all the post here from the other guys. You will have lots of ah ha moments.

Kurt

Quoting 786 trading
Missed this..
there is also forming on EU .. I think.
  • #5,177
  • Aug 19, 2010 9:17pm Aug 19, 2010 9:17pm
Hi 786,

May be a little help.

1. Per other players said here, identify the major D&S zones from higher TF 1st, then concentrate on M15;

2. Only trade with trend according to the Keltner Channel (i.e. dont go for counter trend trade);

3. Do some little draws on the impulsive / corrective waves, dont think it is silly but just train up yourself to trade with the impulsive move only;

4. Read every single bar / candle formation and compare it to several bars previously, it will tell you something, sort of whether the bar is momentum bar, a pin / IB or OB formation, then see whether it is a perfect A+ setup like Sho's said;

Its all basic, but when I got confusing on my trading (while I have negative trades), I would always go back to basic in order to tune myself back to righ track.

Hope this helps
Eric
  • #5,178
  • Edited 9:36pm Aug 19, 2010 9:20pm | Edited 9:36pm
Hey 786,

Tell me what you see in this chart

UPDATE: closed, price stalling +26
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-20_0013eurjpy_short.png Size: 49 KB
  • #5,179
  • Aug 19, 2010 9:22pm Aug 19, 2010 9:22pm
Hey Eric,

I agree, I think some of the new guys may be getting confused with some of the advanced trades.

Maybe we can do like sho taught us and post some homework for the guys.



Quoting Buildcity
Hi 786,

May be a little help.

1. Per other players said here, identify the major D&S zones from higher TF 1st, then concentrate on M15;

2. Only trade with trend according to the Keltner Channel (i.e. dont go for counter trend trade);

3. Do some little draws on the impulsive / corrective waves, dont think it is silly but just train up yourself to trade with the impulsive move only;

4. Read every single bar / candle formation and compare it to several bars previously, it will tell you something, sort of whether the bar is momentum bar, a...
  • #5,180
  • Aug 19, 2010 9:36pm Aug 19, 2010 9:36pm
Quoting TheRoper
Hey Eric,

I agree, I think some of the new guys may be getting confused with some of the advanced trades.

Maybe we can do like sho taught us and post some homework for the guys.
Glad you are back, Kurt

Lets work together till our master finished his looooooooooooooooooooong vacation.

Cheers
Eric
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