Intraday price action trend trading

this thread is pretty quite ??....
anyway EURO bounced of the SUPPORT LINE..NO Idea why.. as there is talk of POrtugal needing help..BUT we trade PA BARS and our charts..

USD Spot.png

No mate, just too many coming speaks in both US & UK. Are you going to short again?

BC.... i will wait for HTF trigger...most likely Next week..we do have a HANGMAN on the 1 hr Charts at SUPPLY...BUT its FRIDAY and Monday is US holiday..
i will wait Buildcity.." watch Like a HAWK and Pounce like a TIGER "

baz

Thank you

I'm learning higher time frame trading too. Keep posting here if you don't mind. Enjor your clean charts.

Cheers
Eric

this was From Chris Thread ( clockWork )..now i see why a SPIKE..

http://www.forexfactory.com/showpost...ostcount=11901

yes BC ,i will try ..i tend to look at only 2 pairs EURO and Cable..and occasionaly AUSSIE/KIWI/SWISSY...

I am happy with 1 or 2 trades a week

take care

baz

Hi Eric...
have a look at this Thread..idont know why,but the moderators moved it from the Personal Journal section to the commercial sction,which has peeved of GJ..
but have look ..this is more or less how i trade..but not as frequently as GJ..

i hope SHO doesnt mind..

http://www.forexfactory.com/showthread.php?t=278685

Hi all,

The candles broke out the intermediate support level and again the retest is failed. So if it crossed the 62% Fibs more, may be we can look for short play down to 931 level.

Any thought?

Hi SHO i will try..BUT i wanted to move away from forums... as sometimes they can have a NEGATIVE IMPACT on your mind by the posters..
Its because of Rob ( Priceaction ) i come to this thread..
But i will post SET UPs and perhaphs you can comment on your Views ??..
take care

baz

Erick have a Look at the Monthly Candles..Last month was an INVERTED HAMMER..SUGGESTING a BULLISH case..
There is none better than HUSSIN on candle Sticks...a good friend as well..
but visit his thread ..he only trades DAILY and 4 hr

http://www.forexfactory.com/showpost...ostcount=11023

have a LOOK at the Date he showed this Set up

i know what you mean baz...its not long for me here ...only abt a year...yes sometimes its get worse when some arogant people comes.... but we share for good people .. so many good peoples are out there... care for the good ones who is stragling and might learn few tricks from you and they will change their life for those things and will remember you fro forever...
shareing is one of the best thing in the world...
people will remember you even if you are not here... i feel so good when some 1 say they have learn something from me... it gives me encourage to do more... money comes and goes bt ones you are in someones heart for good things ..you will be there for forever...

please post your setups and we all will try to comment and try to learn .....
i do check the threads vry occasionaly bit busy but i will post regularly very soon...
Regards
sho

At present i dont SEE a TRIGGER ( doe not mean that its not tradeable )..i will wait ..


CHF Spot.png

i know what you mean... for i truly BELIVE in the Same...i will put Set Ups,and get your comments...
another wonderful Video.. this is TRULY giving..
from another Friend ,who is a Prolific Trader..AZIM ( WORMBOY )..

http://www.forexfactory.com/showpost...postcount=9276

baz

Thank you Sho, that's why we are all still here (at least for me). You are the master here and this is your home!!

Thks Baz,

Will check out those links suggested.
Cheers
Eric

the Weekly LOOKs bearish...BUT this week we have a BULLISH BAR..BUT still LH,LL... so we wait for Further Price movment...its really in no mans Land...

USD Spot.png

ok guys have a great W/E...SHO has taught how to trade 15 min TF BARS..So in effect Bring this Teaching onto the HTFs..and practice First..

baz

Hi Guys,

I am on FXDD metatrader platform and I cannot change color of line or objects.
When I go to Trend line properties and when I click on style to change the color it gives me window to choose the color but when I select it, the color does not change. It remains same as before.. any idea how to fix it? Thanks.

I don't know, you may go to the tech platform have a look.
http://www.forexfactory.com/forumdisplay.php?f=69

would like to hear your thoughts on eurusd weekly pin.... still no bullish engulfing... but i dont see euro droping this month as well....



ok im out...see ya on sunday

have a nice weekend bros.

Phanti

Hey Panthi,

I'm neutral atm. We could see clearly next week I hope.
Have a nice weekend to all of you!

ant-

EDIT: Nvm posting in here aswell (copied from reds thread)


Getting drunk and finishing up on analysis, will post each pair i trade but it will take some time, ill bookmark this for future reference. Its usually charts not chats but ill take some time explaining the charts in here since its the weekend and i dont wanna polute intraday trading with long-ass analysis that consumes time.

Weekly:


This is for anthonix and the other pitchfork traders mostly: Andrews teaches us that a fork where price fails to reach the median line resolves itself to the C pivot. There are certain timezone techniques to this but i find them highly unreliable and its easier to spot priceaction

Supply/Demand: Just the Obvious really

Priceaction: Ive been warning people about those damn daily pins, it was about at that time when everyone and their mother were screaming: "GO SHORT LOL, IF YOU DONT SHORT YOURE AN IDIOT".
Must have been around that time since thats what most trades saw, sure its not a disagreeable statement but you HAVE to be careful with pinbars, the best entries on pinbars are almost exclusively the 50% mark with stops above the pin high. unless priceaction indicates it wont move north which you can see at lower timeframes.

To be honest it looks to me like were more probable to revisit the Blue fork upwards. Draw the 25% and the 50% lines on that weekly fork and you will see how the bounces reacted along the lines and how it reacted at support. Its very clear actually. So this adds to the probability of longtrades.
Technically the target is 1.397x-1.407x (yes i know thats about a 100 pip range) which is where the bears engulfed the buyers heavily.


Daily:


Dailywise theres nothing more to add than for the weekly, the daily has been very helpful with determining longterm direction with the greenish pitchfork, it looks like its supply capped but its gaining momentum, so see weekly analysis. Reversal doji played out nice as i speculated on, question remains if momentum can keep up and ofcourse where the big boys want this. The less obvious the more likely usually, just try catching the zones really if youre a swingtrader.

4HR:


This is where shit gets real. It actually looks like it broke the bullflag (Thank you Martin (SDVSA) for pointing that out in skype). Credit goes to Martin for spotting that flag. If the next pole complies with the length of the previous one we will be getting another 400-500 pips north which is exactly out target of 1.42x (or the weekly target of 1.397x-1.407x)

As you see ive marked the important supply zones from the previous rally, you can see them in more detail in the following charts.

1HR:


Zones ill be watching out for in more detail over the next week.
The ive added horizontal lines you can see where the levels are exactly, then go to where i marked them on the breakout (4hr and 1hour) and zoom into the 15M chart, you will see why immediately. I call these true supply zones, BUT as Redsword correctly stated you need to watch price actions reaction alongline these zones otherwise they are worthless horizontal levels. But if they get engulfed i will use them as demand zones to reload on Longs assuming momentum is present.

15M:


There is no particular reason why i added this chart other than that i had a discussion with red earlier. He pointed out that what this pattern is; the last couple of bars after the engulfing; is actually a bearflag due to the 15M pole created downwards. So intraday i might use this to watch PA and see if there are reversal poles, then use this as supply or demand depending on direction. We might see some down movement and retracement from people who left positions open over the weekend or from banks who created positions during the weekend.

Overall:


I remain with the stance that im a scalper, but if i see certain bumps along demand levels i will certainly not hesitate to enter some longterm positions which ill be keeping.

My subjective Sentiment remains Bullish even though id have a bias of EU visiting 1.18 or at least 1.25 before the year ends.
For next

As usual please feel free to criticize, comment, add suggestions or things that ive missed, sometimes the things that appear obvious to you arent that obvious to other people. Its unlikely people will change my mind on trades but its nice to have a discussion over the weekend while there is no trading activity and we arent busy watching our scalps like a hawk

The next couple of charts might take a while because im still adding some horizontal levels on EU which i need to finish otherwise i cant scalp. Some historic levels have become obsolete right now, rechecking every line right now... cough... i need more vodka now. Also Fringe airs in an hour or so, cant wait to download it.

EDIT:

Forgot to add this, inverse h&s might be in play.