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Intraday price action trend trading

  • #6,461
  • Feb 15, 2011 5:20am Feb 15, 2011 5:20am
Quoting Buildcity
The market is so tricky today!!

1st pink highlight, when every one looked for further down movement after the last red pin, the price just turned up for 80p

2nd pink, every thing was in up move, then a huge 70p drop.
hey City! what do you think was the reason of a such volatility? slow time... low volumes? or news for eurozone ?..
  • #6,462
  • Feb 15, 2011 5:53am Feb 15, 2011 5:53am
Quoting Gravi
hey City! what do you think was the reason of a such volatility? slow time... low volumes? or news for eurozone ?..
Don't know, the first raise up probably the opening of London (so always wait for 1st 2 bars (3o mins) to see the bias), the second could be news driving??
  • #6,463
  • Edited 6:18am Feb 15, 2011 6:11am | Edited 6:18am
All Yens pairs are running like a 200m/s train

and both UJ & EJ arrived its major resistance level right now. (London 1211)

UJ daily chart
EJ - H4
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  • #6,464
  • Feb 15, 2011 6:58am Feb 15, 2011 6:58am
How many pips you can catch in such situation

Go to take a long bath.........
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  • #6,465
  • Feb 15, 2011 7:03am Feb 15, 2011 7:03am
Quoting Buildcity
How many pips you can catch in such situation

Go to take a long bath.........
hehe... you're right.. it would be better to stay sideline
  • #6,466
  • Feb 15, 2011 9:39am Feb 15, 2011 9:39am
Today EJ really treated me well, 1st this morning (mine) +30, the second with 26, much better than my scalping a/c.
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  • #6,467
  • Feb 15, 2011 9:41am Feb 15, 2011 9:41am
Good night all

BTW, EU is in divergence, better quit if still in short.
  • #6,468
  • Feb 16, 2011 12:45pm Feb 16, 2011 12:45pm
Hi ,to all its been a while since I have visted here so I wish everyone here a lot of success.
  • #6,469
  • Feb 16, 2011 9:46pm Feb 16, 2011 9:46pm
Quoting jj7000
Hi ,to all its been a while since I have visted here so I wish everyone here a lot of success.
JJ, keep going, we all learnt alot from Sho.
  • #6,470
  • Feb 17, 2011 12:11am Feb 17, 2011 12:11am
Quoting Gravi
Hi Rob!
your videos are very helpfull!
i have some questions for you:
1. as i could see u had no "exit if the price is in negative territory for N bars"rule, u just waited for stoploss or take profit..
2. so u never exit manually before SL or TP hit ( i mean if you see any negative PA and/or divergence as Sho mentioned )
is it right?
Happy to hear the videos are helpful.

What is "N bars rule" ?

Sometimes I exit manually if I do not like the price action

Regards
Rob
  • #6,471
  • Feb 17, 2011 12:26am Feb 17, 2011 12:26am
Quoting priceaction
Happy to hear the videos are helpful.

What is "N bars rule" ?

Sometimes I exit manually if I do not like the price action

Regards
Rob
I think he's talking about the 3 bar exit rule per Sho's method. My guess.
  • #6,472
  • Feb 17, 2011 12:35am Feb 17, 2011 12:35am
Quoting Buildcity
I think he's talking about the 3 bar exit rule per Sho's method. My guess.
OK cheers Eric.

Gravi if that is what you refer to: I don't really use the 3 bar exit rule that Sho explained. I typically pay more attention to the time of day and general price action. If I don't like what I see & feel, I get out.

Rob
  • #6,473
  • Feb 17, 2011 3:04am Feb 17, 2011 3:04am
yes i ment Sho's 3 bars exit rule (thanx Eric )

ok ..i see now
thanx!
  • #6,474
  • Feb 17, 2011 9:35am Feb 17, 2011 9:35am
Quoting trade price
oh man well done...
just saw your trading vids
hope you are ok buddy...
nice trades...
see you soon
Regards
sho
Hey Sho!

I only just saw your posts. Great to see you in "the house that you built"

Yes the videos. Just taking online communication that little step further.

I hope you're well my friend. Don't be a stranger in your own home! I and many others would love to see you post more.

Rob
  • #6,475
  • Feb 17, 2011 10:51am Feb 17, 2011 10:51am
Quoting trade price
hello baz
nice to see you here... feel free to post any time frame... we are all traders ...there is allways something new to learn...
just think it as its your own thread...
make us friend...
never too old to make new friends...
we would love to know your stratagy..(at least i wanna learn more )
Regards
sho
Hi SHO..
Nothing NEW ( there are only TRADERs .. so markets NEVER change really ))..
was waiting FOR ENTRY on THIS missed it by 10 pips FOR a SHORT..my Usual profit TARGET is +100 pips.. i tend to do 1 or 2 trades a week on HTF..
61 % RETRACe
SUPPORT/Ressustance
PA bar..
SIMPLE stuff really..

http://www.forexfactory.com/showpost...0&postcount=78


CHF Spot.png
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  • #6,476
  • Feb 17, 2011 11:12am Feb 17, 2011 11:12am
For Your Watch List only.....
Weekly is BEARISH..although this week we bounced of a RESSITANCE line on the Daily TF..so at present BULLIsh..BUT we are NOW at an Intresting Level, possible move tommorow..BUT i dont LIKE FRIDAYS..Just Demo this SET UP if a PA set up takes Place on 4 hr TF..

TREND DOWN
a FIBO retrace
Hit a RESSISTANCE TL
Hit a SaR level

Waiting FOR PA BAR..


USD Spot.png
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  • #6,477
  • Feb 17, 2011 7:06pm Feb 17, 2011 7:06pm
Quoting priceaction
Happy to hear the videos are helpful.

What is "N bars rule" ?

Sometimes I exit manually if I do not like the price action

Regards
Rob
Hi Rob,
Nice videos,very relaxing good work sir.

Hey Eric ,where is your spiderman?) but new avatar sound good as well.

Sho great to see you around and all the best in 2011.

Happy trading to everyone.

FX
  • #6,478
  • Feb 17, 2011 7:45pm Feb 17, 2011 7:45pm
Quoting Fxfighter
Hi Rob,
Nice videos,very relaxing good work sir.

Hey Eric ,where is your spiderman?) but new avatar sound good as well.

Sho great to see you around and all the best in 2011.

Happy trading to everyone.

FX
Hey FX, its almost 0200 at UK, get some sleep!!

Nice to see you around too.

Trade well
Eric
  • #6,479
  • Feb 18, 2011 3:51am Feb 18, 2011 3:51am
How long it takes??
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  • #6,480
  • Feb 18, 2011 6:11am Feb 18, 2011 6:11am
Quoting baz
For Your Watch List only.....
Weekly is BEARISH..although this week we bounced of a RESSITANCE line on the Daily TF..so at present BULLIsh..BUT we are NOW at an Intresting Level, possible move tommorow..BUT i dont LIKE FRIDAYS..Just Demo this SET UP if a PA set up takes Place on 4 hr TF..

TREND DOWN
a FIBO retrace
Hit a RESSISTANCE TL
Hit a SaR level

Waiting FOR PA BAR..


USD Spot.png
..

PA BAR SEEN was a HangMan

i have taken +40 pips..i was slightly late..BUT i will call at that as there NEWS from Us and KING and BEN are talking..
this was my only TRADE for this week...i am expecting EURO to DROP ,we may get a BUEB today..BUT we wait ..HTF require a lot of patience


USD Spot.png

Ok guys i hope you all Do great on the 15 min TF..and adhere to what SHO has taught...and dont Overcomplicate ..have a plan and Follow it..

take care ..

baz
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