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Intraday price action trend trading

  • #6,701
  • Jun 1, 2011 6:52am Jun 1, 2011 6:52am
Quoting hipcio
Yep

I watch Your 15 min trades very closely - good job,
the timeframe is not for me but it looks very impressive,

Peter
You notice that i don't use spread, it's easier on 15 TF. The aim is to master the methods without be disturb by spread as a first step.

It's very difficult to be profitable for a newbie like me with spread. It's why i focus only on the setup.

Without the spread, it is as i was using [H4] or daily TF, where spread handicap very little.
I hear and I forget. I see and I remember. I do and I understand.
  • #6,702
  • Jun 1, 2011 6:58am Jun 1, 2011 6:58am
Beautiful A+ PB (i think): stopped out
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 85 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #6,703
  • Jun 1, 2011 8:53am Jun 1, 2011 8:53am
Quoting boubafx
You notice that i don't use spread, it's easier on 15 TF. The aim is to master the methods without be disturb by spread as a first step.

It's very difficult to be profitable for a newbie like me with spread. It's why i focus only on the setup.

Without the spread, it is as i was using [H4] or daily TF, where spread handicap very little.

I see...- I did not think of it this way, good to know the method,
I watch nzd/usd now after aud/chf has been closed at 1,5R

Peter
Jesus Christ is my only Lord !
  • #6,704
  • Jun 1, 2011 9:09am Jun 1, 2011 9:09am
Nzd/usd seems interesting because :
monthly chart break up the last hights
on daily a retrace done
on h4 multiple bar highs
but no price action

closed aud/chf at tp for 0,5R

Peter
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdusd monthly.gif Size: 15 KB
Click to Enlarge Name: nzdusd daily.gif Size: 13 KB
Jesus Christ is my only Lord !
  • #6,705
  • Jun 1, 2011 9:14am Jun 1, 2011 9:14am
An IB breakout, but the news stopped me at BE.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 91 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #6,706
  • Jun 1, 2011 9:29am Jun 1, 2011 9:29am
Quoting hipcio
Nzd/usd seems interesting because :
monthly chart break up the last hights
on daily a retrace done
on h4 multiple bar highs
but no price action

closed aud/chf at tp for 0,5R

Peter
You want to short or to buy?
I hear and I forget. I see and I remember. I do and I understand.
  • #6,707
  • Jun 1, 2011 9:31am Jun 1, 2011 9:31am
Quoting boubafx
You want to short or to buy?
Buy untill we keep over the monthly hights (green line)

Peter
Jesus Christ is my only Lord !
  • #6,708
  • Jun 1, 2011 9:57am Jun 1, 2011 9:57am
"on h4 multiple bar highs" : doesn't it meens that there is a solid resistant at this high, and it risk to go down?

Wouldn't it better play the bounce and short?
I hear and I forget. I see and I remember. I do and I understand.
  • #6,709
  • Jun 1, 2011 10:08am Jun 1, 2011 10:08am
Quoting boubafx
"on h4 multiple bar highs" : doesn't it meens that there is a solid resistant at this high, and it risk to go down?

Wouldn't it better play the bounce and short?
Yes that is that there is a solid resistance there so if I buy I place my buy stop order a litle above these hights they will play the role of support later on.

On the other hand we are between the 4hr hights up and monthly hights below so if we break any of these two would be a nice move parhaps

If we havent broke above the monthly hights two days ago I would rather bet for the down move but we did and we hang above so I would rather place my bet on up continuation till I see it other way round

Peter
Jesus Christ is my only Lord !
  • #6,710
  • Jun 1, 2011 10:19am Jun 1, 2011 10:19am
Quoting hipcio
Yes that is that there is a solid resistance there so if I buy I place my buy stop order a litle above these hights they will play the role of support later on.

On the other hand we are between the 4hr hights up and monthly hights below so if we break any of these two would be a nice move parhaps

If we havent broke above the monthly hights two days ago I would rather bet for the down move but we did and we hang above so I would rather place my bet on up continuation till I see it other way round

Peter
ok, i understand your analysis
I hear and I forget. I see and I remember. I do and I understand.
  • #6,711
  • Jun 1, 2011 10:31am Jun 1, 2011 10:31am
Quoting boubafx
What a pity
yeah..looks like my favourite setup
  • #6,712
  • Jun 1, 2011 10:36am Jun 1, 2011 10:36am
It was imho a good setupo, maybe a little riskly neat the RN.

It is a loss
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 95 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #6,713
  • Jun 1, 2011 10:47am Jun 1, 2011 10:47am
Quoting boubafx
I was stopped out. Would you take this trade, was it a good setup?

The PB/IB was up broken, but unfortunately failed and made another PB in the other direction.

Maybe i would have to go out of the trade at the close of this bearish PB,
rather than to wait until my stop was touched?

what do you think ? thanks
the PA looks like sideway market... KC slope shows sideway too... that should warn you ..
  • #6,714
  • Jun 1, 2011 12:21pm Jun 1, 2011 12:21pm
Quoting boubafx
It was imho a good setupo, maybe a little riskly neat the RN.

It is a loss
I think it was a valid entry and exit. What i wonder is: if yuo read the rules giving to us by Sho, why do you not take the next one, the top of the next candle was a good Stoploss level . By the rules, you can try 2 times and even a 3. one if it is an A+
  • #6,715
  • Jun 1, 2011 1:16pm Jun 1, 2011 1:16pm
Quoting MJurban
I think it was a valid entry and exit. What i wonder is: if yuo read the rules giving to us by Sho, why do you not take the next one, the top of the next candle was a good Stoploss level . By the rules, you can try 2 times and even a 3. one if it is an A+
MJ, i don't understand . I took the PB just after the bullish PB (and just before the big green candle).
I hear and I forget. I see and I remember. I do and I understand.
  • #6,716
  • Jun 1, 2011 5:06pm Jun 1, 2011 5:06pm
Quoting trade price
it just a bad trade buddy...you are doing great.......dont get afraid after one bad trade...it just part of the business...
its just a shake, to take out new traders out of the game before a drop...
dont you know that market makers (institution) doesnot know that amature traders are waiting for that bar....
this is what real trading is.
all the best...
same chart for you..

Thank you very much sho, your comments is gold for me, all seems simple when i read you.

I will work again and again to master the method, and avoid to be afraid
when i must pressed the trigger to take the trade.

It's my big default, even on demo i'm afraid to see the trade going in the wrong direction, and i don't arrived to master this emotion.

I am unable today to play real money, too much fear and not enough mastery of the technique.

I hope maybe in 6 month.

Sho your thread has open my eyes
I hear and I forget. I see and I remember. I do and I understand.
  • #6,717
  • Jun 1, 2011 6:43pm Jun 1, 2011 6:43pm
Quoting boubafx
MJ, i don't understand . I took the PB just after the bullish PB (and just before the big green candle).
yes i know, that was OK, but why do you stop?
After this big green candle, this candle was an retest of the breakout line and therefore it was another very good short possibillity
  • #6,718
  • Jun 2, 2011 1:26am Jun 2, 2011 1:26am
Yes, this thread is really nice place on the stormy waters of FF
There is an atmoshere of co-operation and support here.
I like it very much - and really appreciate Sho has created it - Thank You !

I want to underline or add one more think the only truth as far - as I understand it - is that trading curriences is just a probability game and nothing more.
We try to find our positions on the right side of the market for just a litle time to get a bite of the really big cake. We do not even try to understand how big it is.
Based on the history stories we try to measure the probablity ratio for the expected move and when it seems to be high enough we take our money out of the pocket - counting it very carefuly - let's say not more than 2 % of our posession and we put it on the table.

Nobody knows the future and what would be the result, and nobody even trys to predict it.
Just a probability game and right money management will lead us the right path.

Implementing the rules long enough we get experience, the experience will buid confidence, and the confidence will result in right fear management.

I am convinced that we are all on the right way,

Have a nice day,

Peter
Jesus Christ is my only Lord !
  • #6,719
  • Jun 2, 2011 1:31am Jun 2, 2011 1:31am
Sorry, but i don't see another setup to go short mmediatly after

And the momentum (big green bar) risk to have change, no? or I make a analisys mistake?
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 81 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #6,720
  • Jun 2, 2011 2:10am Jun 2, 2011 2:10am
Quoting boubafx
Sorry, but i don't see another setup to go short mmediatly after

And the momentum (big green bar) risk to have change, no? or I make a analisys mistake?
a picture shows more then words
i usually take the aggresive entry, with a very small Stoploss Risk, but i think it is also OK to take the Konservative entry = close of the red Bar and SL above the high of the green bar
Attached Image (click to enlarge)
Click to Enlarge Name: pa-setup.gif Size: 31 KB
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