Intraday price action trend trading

hi Eric n FX,

Thanks for the advices, i still new in this system, so need more advices
i've been reading this thread n the first one from the living legend Sho ^^
i think you guys both are very good trader and soon will following him,

Have a nice pips guys

Vashe

Break of Inside break and wedge, also bounced from support, kind of aggressive entry ... but is it a vaild long entry?
Thanks.

Hi Guys my 3 trades so far today.
FX

Hope you have well escaped

hehe yep G/U @ 1.5488 ,TP was @1.5480 but I saw on 5 min price stop move down so I just jump out and E/U target was 1.7003.Just quick in and out I following u))

Make a guess.........

OK South from 108.00))))))))

perfect choppy market.

EJ dropped 50 pips down.... no schedualed news... is it due to Friday or any other reason...???

EJ moved with EU, US news 40mins before per below

Hey 786 its been up all morning one reason why I have jsut sitting back

Anyone can still make positive trades today??

ahhaa.. i was looking Calendar news.
Do you use indicator for news? I use forexfactory Calendar but it would be nice if it is on chart as indicator.

786, for you

http://www.forexfactory.com/showpost...&postcount=715

PS - the "FFCal" is free indicator which can serve the same function, the drawback is only the news of attached chart.

Really cant play much today.

Have good week end to all.

Happy trading
Eric

Hi guys,
need advices here, this is USDCAD yesterday,
i wonder which one is the correct setup,
should we wait a pinbar after it pass the support line? (B)
or we just enter a pinbar before the support line? (A)
Thanks guys,

Have a nice weekend all

Vashe

Hi Vashe,
I'll enter in B and maybe on the baerish @daily pivot b/c abowe is resistance and that move down rejected about 50% fib with very tight SL and be ready quick get out b/c demand zone below.
only my view.
have a nice wekend Sir.

FX

Dear Sho & friends,

Thank you very much for your first thread in FF(Sorry I couldn't manage to post in the your first thread so I have to post in your second thread instead) I have read up from beginning to last page. Now I'm doing some revision from my notes & I 'll reread again after I finish with my revision.

I'm very glad to have a chance to read your thread. Nearly 5 yrs up to now with trading(part time) struggling not sucess at all, I was about to give up until I found your thread, Thanks Sho I can say you save my life even though I still do demo but your teaching & explaination are very clear help me to understand forex much more clear. I don't say I was wasted my time with another threads(I have learned something along the way from them). But your thread is number one that's why you have had lots of vouches within few months.

Please I have some questions. Sho or anyone can help me please?
It's seem to me that Sho is very busy or having holiday his last post was 6th August. Please I would be appreciated if anyone can help me Thanks,

1. when you trade 15m chart(elliot wave) do you follow trend on 1h, 4h daily chart or just follow KC on 15m chart with impulse or momentum(are they the same impluse and momentum?).
I get use to 5m chart I'm sorry to me15m seem to be very slow that's why so many failed trades on 5m. I think I have to learn to be very patient with 15m chart.

2. I read some where, For entry at correction 1bar ok, 2bars good, 3bars ok but 4bars might go side way. My question - with the entry of correction Fib 50% or 61% I think it would take at least 3-4bars for correction or even more may be up to 6 or7 bars.

3. Dear Sho - I read somewhere you mentioned that you never take any trade if SL is more than 35 pips. Is that including daily chart? If SL 35pips on daily chart, That's very interesting cos you can make lot of profit with very low SL.

I apologize if my understanding is not clear or questions were repeated, please forgive me.
I hope I don't have to give up forex because of this thread.

Again Thank you Sho & everybody in this thread Hope you are doing well.

Have a good weekend.

Best regards,

Hi Vashe,
IMHO ... your first entry is not valid from Price action confirmation and second entry should be one bar before... see the chart...
I am new learner here.. just showing my point of view and would like to see experts view here. I know I am making mistakes and not have good view but trying to learn it.
Thanks.

For info