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Intraday price action trend trading

  • #6,961
  • Jun 21, 2011 7:17pm Jun 21, 2011 7:17pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
This is my favourite timeframe 4HR.
Initially I didn't put profit taking causing the trade to turn B.E but now I do. It is lower than the target to ensure it hit.
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Shake it off!Lick the Wound,Prey Again!
  • #6,962
  • Jun 21, 2011 7:37pm Jun 21, 2011 7:37pm
hi megara!!!

if i may ask one more Q as respond to ur replay.

i did notice the first brkout that u have mentioned(blue line) but was looking to enter again.
was my entry at the yellow line consider to be wrong?am i chasing the market?


thx for the welcome. im realy excited to continue my trading journey with you all.

also megara would u mind telling me what pair is the one attached to ur earlier post.the 4 hr set up charts.

thank you again for taking the time to answer my posts.

good night!
  • #6,963
  • Jun 21, 2011 11:47pm Jun 21, 2011 11:47pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting elliotrader
hi megara!!!

if i may ask one more Q as respond to ur replay.

i did notice the first brkout that u have mentioned(blue line) but was looking to enter again.
was my entry at the yellow line consider to be wrong?am i chasing the market?
---------------------------------
In my opinion, is correct if the candles have pullback to the yellow line and enter long again.That is previous resistant turn support.
--------------------------------

thx for the welcome. im realy excited to continue my trading journey with you all.

also...
My zone here is good day
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Shake it off!Lick the Wound,Prey Again!
  • #6,964
  • Jun 21, 2011 11:50pm Jun 21, 2011 11:50pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Another A+ setup, USDCAD
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Shake it off!Lick the Wound,Prey Again!
  • #6,965
  • Jun 22, 2011 1:05am Jun 22, 2011 1:05am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
I made my 2 earliest entry for GBPUSD 15 min with tight SL
One is after the close of shooting star and the other is the pullback
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Shake it off!Lick the Wound,Prey Again!
  • #6,966
  • Jun 22, 2011 1:23am Jun 22, 2011 1:23am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Next entry long EU.
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Shake it off!Lick the Wound,Prey Again!
  • #6,967
  • Jun 22, 2011 1:29am Jun 22, 2011 1:29am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
EurUsd. Out with 9 pips bcs price has stalled.
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Shake it off!Lick the Wound,Prey Again!
  • #6,968
  • Jun 22, 2011 1:59am Jun 22, 2011 1:59am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Touch the TL after big drop with tight SL.
Will not hold too long
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Shake it off!Lick the Wound,Prey Again!
  • #6,969
  • Edited 3:02am Jun 22, 2011 2:36am | Edited 3:02am
Hey guys!

I'm not much on the good ol forexfactory these days, but just popping in to say hello. Nice to see some action on the thread here, some absolutely fantastic information contained in the two threads from Sho. I see some nice videos has been added as well which are great, hope they'll keep coming.

Quoting Megara
------
By the way, do I have to capture screen ,cut and paste to paint and save the image. Is there any short cut to save the image? Thanks for your help
If you want an easier way to save your charts id higly recommend Jing. I use it for all my charts, very easy to save and work on anything you capture with it.

Here is an example of it with some thoughts on whats happened on GU this morning, how I'v seen it anyhow. It's acting very nice and has filled my pip bag up for the day.

Take care all!
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  • #6,970
  • Jun 22, 2011 2:41am Jun 22, 2011 2:41am
Oh and I can also recommend people getting the book "Reading price charts bar by bar" written by Al Brooks. I'm not completely done with it yet but it contains some awesome information which complements this way of trading a great deal.

Well worth getting!
  • #6,971
  • Jun 22, 2011 3:11am Jun 22, 2011 3:11am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting Megara
Touch the TL after big drop with tight SL.
Will not hold too long
------------
2 pips more didn't hit my target and got stop out
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Shake it off!Lick the Wound,Prey Again!
  • #6,972
  • Jun 22, 2011 4:08am Jun 22, 2011 4:08am
Quoting Megara
This is my favourite timeframe 4HR.
Initially I didn't put profit taking causing the trade to turn B.E but now I do. It is lower than the target to ensure it hit.
Meg, you enter the PB before the two green bars.

It would been a trade i take, very beautiful setup. I wouldn't have had the courage to wait so long to take the TP, i would be out before.

Very good trade. How long last the trade and how many pips won?
I hear and I forget. I see and I remember. I do and I understand.
  • #6,973
  • Jun 22, 2011 4:23am Jun 22, 2011 4:23am
Quoting Storeball


Here is an example of it with some thoughts on whats happened on GU this morning, how I'v seen it anyhow. It's acting very nice and has filled my pip bag up for the day.

Take care all!
Thanks for this interesting analysis
I hear and I forget. I see and I remember. I do and I understand.
  • #6,974
  • Jun 22, 2011 5:08am Jun 22, 2011 5:08am
I have problem to count the move when a bar with a higher high and the lower low occurs.

Below an example: the green bar(the third of the last up move) has, in comparison at the previous bar, a higer high and a lower low.

How must we have to count the move: one move, or three move (two impulsive and one corrective).

Thanks for your help.
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I hear and I forget. I see and I remember. I do and I understand.
  • #6,975
  • Jun 22, 2011 7:06am Jun 22, 2011 7:06am
what do u think of my game plan?
is this a+ setup?
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  • #6,976
  • Jun 22, 2011 7:16am Jun 22, 2011 7:16am
what do u think of my game plan?
is this a+ setup?
  • #6,977
  • Jun 22, 2011 7:17am Jun 22, 2011 7:17am
oopsie
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  • #6,978
  • Jun 22, 2011 7:23am Jun 22, 2011 7:23am
Quoting elliotrader
what do u think of my game plan?
is this a+ setup?
Big green momentum . In addition nn yellow line it would be a 50% retrace, so if there is a PB, it's a A+ setup
I hear and I forget. I see and I remember. I do and I understand.
  • #6,979
  • Jun 22, 2011 7:38am Jun 22, 2011 7:38am
yey!got it at the pclose of the pin bar shown with the blue arrow
will try to hold it till supply level on the 4hr chart.
anyway im on the profit side the Q left is just how much profit

thx guys!
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  • #6,980
  • Jun 22, 2011 7:43am Jun 22, 2011 7:43am
42+ ticks in less than 2 min!!
i hope some of u joined me to this trade!
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