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Intraday price action trend trading

  • #5,901
  • Nov 11, 2010 7:09am Nov 11, 2010 7:09am
Quoting Megara
I have entered some trade yesterday.
Momentum(impulsive), pullback( corrective) and entry are my focus.
Divergence will put on hold first.
Are these entry alright now?
The final chart not sure considered a setup though saw a pinbar?
HI!
Just my view on your screens..
Attached Image(s) (click to enlarge)
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  • #5,902
  • Nov 11, 2010 7:13am Nov 11, 2010 7:13am
...
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  • #5,903
  • Nov 11, 2010 6:50pm Nov 11, 2010 6:50pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Thanks Gravi. Words can't describe how grateful I am.
One more thing I don't get it that you said 2 of my entries were late.
Can you refer to the chart...
If I don't wait for the candle 1 to close and enter, isn't it the candle 1 will still lingering up and down. Therefore I waited for the candle 1 to close and enter at the open of the candle 2?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2a.png Size: 49 KB
Click to Enlarge Name: 1a.png Size: 53 KB
Shake it off!Lick the Wound,Prey Again!
  • #5,904
  • Nov 11, 2010 9:51pm Nov 11, 2010 9:51pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Gravi, I compare your entry with mine to see where I have entered wrongly...
I have became little better if not much.Thanks for the help here.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 6.png Size: 61 KB
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  • #5,905
  • Nov 12, 2010 1:03am Nov 12, 2010 1:03am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
EURUSD,
+ trade. Just closed because spotted div.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 9.png Size: 49 KB
Click to Enlarge Name: 9a eur.png Size: 43 KB
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  • #5,906
  • Nov 12, 2010 1:43am Nov 12, 2010 1:43am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
EURJPY.
This is big profit and have not close yet.
I don't know to believe my eyes?Look like I got the entry working ..
Attached Image (click to enlarge)
Click to Enlarge Name: 2 EURJPY.png Size: 44 KB
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  • #5,907
  • Nov 12, 2010 1:48am Nov 12, 2010 1:48am
Quoting Megara
EURJPY.
This is big profit and have not close yet.
I don't know to believe my eyes?Look like I got the entry working ..
Good job, mate!
  • #5,908
  • Nov 12, 2010 1:50am Nov 12, 2010 1:50am
Quoting Megara
EURJPY.
This is big profit and have not close yet.
I don't know to believe my eyes?Look like I got the entry working ..
They dropped pretty hard! I was watching it but instead got in on gu for 19 pips while ej dropped over 100 Freaky friday!

Like your signature
  • #5,909
  • Nov 12, 2010 1:52am Nov 12, 2010 1:52am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
USDJPY
Also positive trade.
Whoo I am so happy...man
Attached Image (click to enlarge)
Click to Enlarge Name: 3 USDJPY.png Size: 50 KB
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  • #5,910
  • Nov 12, 2010 1:52am Nov 12, 2010 1:52am
2 Megara..

Hi,mate!!!
yeah ! your entrys were ok!! i thought (looking at your charts) that u entered 1 candle later... but now i see that the entrys were ok ))) sorry ))

...
regarding your EJ trade... that was a bit agressive against the momentum (but you might think that it was exaustion)... and do u remember Sho told that if u play IB or OB breakouts, play it with the trend
but anyway it was a big winner so u were right
  • #5,911
  • Nov 12, 2010 1:59am Nov 12, 2010 1:59am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
GBPJPY
positive trade. I got a shock while reading previous posts and boom suddenly big move....I am speechless.
Attached Image (click to enlarge)
Click to Enlarge Name: 4 GBPJPY.png Size: 42 KB
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  • #5,912
  • Nov 12, 2010 2:05am Nov 12, 2010 2:05am
Quoting Megara
USDJPY
Also positive trade.
Whoo I am so happy...man
Worked out great for sure, but its not really an entry thats withing this way of trading, but you probably know that

Anyways I dont think your getting how to use divergence properly. Divergence is price and stochastic moving away from each other, they're diverging. In your case stoch is following price.

If your unsure as I posted earlier babypips has an excellent page http://www.babypips.com/school/diver...eat-sheet.html
  • #5,913
  • Nov 12, 2010 2:06am Nov 12, 2010 2:06am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting Gravi
2 Megara..

Hi,mate!!!
yeah ! your entrys were ok!! i thought (looking at your charts) that u entered 1 candle later... but now i see that the entrys were ok ))) sorry ))

...
regarding your EJ trade... that was a bit agressive against the momentum (but you might think that it was exaustion)... and do u remember Sho told that if u play IB or OB breakouts, play it with the trend
but anyway it was a big winner so u were right
I learn the trick from babypip. I use 4TF so it is a long wait. Even if I stop out it is small loss not as big SL as previously.Though the divergence thing is not always true all the time. I don't want to miss the boat.
Shake it off!Lick the Wound,Prey Again!
  • #5,914
  • Nov 12, 2010 2:10am Nov 12, 2010 2:10am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting Storeball
Worked out great for sure, but its not really an entry thats withing this way of trading, but you probably know that

Anyways I dont think your getting how to use divergence properly. Divergence is price and stochastic moving away from each other, they're diverging. In your case stoch is following price.

If your unsure as I posted earlier babypips has an excellent page http://www.babypips.com/school/diver...eat-sheet.html
How come I didn't see what you are seeing. I print out the picture and paste them in my book. I read previous post and it look similar if not the same. What's wrong with my eyes.? Can you show me a few of them?
Shake it off!Lick the Wound,Prey Again!
  • #5,915
  • Nov 12, 2010 2:25am Nov 12, 2010 2:25am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Storeball can you refer to my EURUSD chart. I have closed the shorting trade because spotted regular bullish divergence. I posted this not long ago
Is this divergence??
Really I am headache
Attached Image (click to enlarge)
Click to Enlarge Name: 9a eur.png Size: 43 KB
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  • #5,916
  • Nov 12, 2010 2:29am Nov 12, 2010 2:29am
Quoting Megara
How come I didn't see what you are seeing. I print out the picture and paste them in my book. I read previous post and it look similar if not the same. What's wrong with my eyes.? Can you show me a few of them?
I just copied what hidden bearish divergence looks like from babypips, thats something that would be usefull to tell if a downtrend would resume after a retrace. Can you see the difference? If price and stoch is not moving away from eachother there is not divergence, hidden or regular.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: hidden-bearish-divergence-cheat-sheet.png Size: 223 KB
  • #5,917
  • Nov 12, 2010 2:32am Nov 12, 2010 2:32am
Quoting Megara
Storeball can you refer to my EURUSD chart. I have closed the shorting trade because spotted regular bullish divergence. I posted this not long ago
Is this divergence??
Really I am headache
Price is making a lower low, stoch is making a lower high. Moving away from each other. Thats regular divergence for ya!

(Btw, you probably know this by now, but the othe line is hidden bearish divergence. Price is making lower high, stoch, higher high. Nice example!)
  • #5,918
  • Edited 9:13am Nov 12, 2010 6:19am | Edited 9:13am
...
UPD AU trade closed with profit 40 pips
Attached Image(s) (click to enlarge)
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  • #5,919
  • Nov 13, 2010 2:20am Nov 13, 2010 2:20am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting Storeball
I just copied what hidden bearish divergence looks like from babypips, thats something that would be usefull to tell if a downtrend would resume after a retrace. Can you see the difference? If price and stoch is not moving away from eachother there is not divergence, hidden or regular.
Thank you Storeball for your precious time.
I have found a SUPERMAN SUPER EYES TOOL ::::::::::::::::::::::::::::::::It can help me to see through the chart at instant of where are the divergence thingy thing located !!!!!!!!!!!!!!!!!!!

that is divergence stochastic indicator which can automatically draw for me.... HA!HA!HA!HA!
Meg
Attached Image(s) (click to enlarge)
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  • #5,920
  • Nov 13, 2010 2:22am Nov 13, 2010 2:22am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
I hope to be less aggresive
Shake it off!Lick the Wound,Prey Again!
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