Intraday price action trend trading

Quoting TheRoper

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Hey 786,

Tell me what you see in this chart

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Quoting Buildcity

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Glad you are back, Kurt

Lets work together till our master finished his looooooooooooooooooooong vacation.

Cheers
Eric

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Quoting Rufus

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I'd call it a tweezer formation..in this case barish

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Quoting TheRoper

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Yes tweezer top, Pin Bar, divergence on the Sto (however sho teaches us to use divergence for exit only).

This being a counter trend trade, I hope I can find a clasic sho method chart to post a little later.

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Quoting Rufus

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I am really looking forward to what I will learn from you all. It will be great information to add to my repertoire.

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Quoting TheRoper

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Hey 786,

Tell me what you see in this chart

UPDATE: closed, price stalling +26

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Quoting Buildcity

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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...

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Quoting TheRoper

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I am with you, lets help the new guys.

Sho must be having a great time.

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Quoting 786 trading

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Thanks Eric, This is great learning... and I would practice and try to read in this way now.

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Quote

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We often fail to appreciate the simple fact that all living things, including the financial markets, vibrate in cycles determined by wave of nature. Going against the “tides” often proves to be disastrous. Again, I am not referring to technical analysis that tracks and analyses historical performances (another effect), but rather the underlying forces (the cause) that influence each and every event on Earth. That is why I call this study and theory the “Wave of Nature”, which is the foundation of my financial predictions.

Quoting 786 trading

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I am short here. I should wait for retrace to minimize the risk. My stoploss is 16 pips.. .too big.. I should wait 50% retracement.. but other than is it right entry.. ???

Edit: While I was posting.. my SL hit ... was it a wrong play?
Was I not with impulsive move
Was I not with momentum..
Price rejected from KC line...

The above points made me to take short... Please correct me. Thanks

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Quoting Rufus

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786

I am new to the thread and untill the others get back this is what I see.

There is a big Demand zone at the lower blue line. A short here would not give you much room till you hit it. I am waiting for a move closer to that demand area then go long with some sort of confirmation.

Rufus

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Quoting priceaction

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I'd like to share four and a half minutes of feel-good factor with you good people here this Friday.

Enjoy

Rob

http://www.youtube.com/watch?v=zlfKdbWwruY

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Quoting priceaction

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Rufus,

Be very careful - consider price action on the daily & weekly charts (because we are at a critical area)
And remember that market makers will try to fool us.

Rob

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Quoting priceaction

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So this is what we've seen with GBPUSD just about all week. It's been trading in a range, bouncing up and down between those major supply & demand zones.

But this won't go on forever and it's important that we consider the daily and weekly charts which I've posted a few times this week.

Based on price action on those higher TF charts, I'm of a bearish sentiment, and my short at 1.56485 is sailing along in safe water now. But reality won't become clear to any of us until price does its business. And as we know, price doesn't care about anyone....

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