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Intraday price action trend trading

  • #7,121
  • Jul 13, 2011 10:27am Jul 13, 2011 10:27am
For me, the others entries are not high probability setups, i wouldn't have took them.

The last is for me the better, a beautiful A+ setup
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I hear and I forget. I see and I remember. I do and I understand.
  • #7,122
  • Jul 13, 2011 10:34am Jul 13, 2011 10:34am
Quoting boubafx
For me, the others entries are not high probability setups, i wouldn't have took them.

The last is for me the better, a beautiful A+ setup
Yeah i know..hard to stop myself sometimes.Thanks for your comments though.I saw your trades and learning from them too..Cheers

Kai
  • #7,123
  • Jul 13, 2011 10:54am Jul 13, 2011 10:54am
Lets see
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I hear and I forget. I see and I remember. I do and I understand.
  • #7,124
  • Jul 13, 2011 11:42am Jul 13, 2011 11:42am
BE
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I hear and I forget. I see and I remember. I do and I understand.
  • #7,125
  • Jul 13, 2011 12:03pm Jul 13, 2011 12:03pm
Hello!

Here is my deal today. I was late, but got my profit (+15 pips).

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"To become a pro you have to think like a pro". Sho
  • #7,126
  • Edited 6:29am Jul 14, 2011 5:55am | Edited 6:29am
Eur/usd
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Gbp/usd
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result: eu +9.5, gu +2.5 = 12 pips
"To become a pro you have to think like a pro". Sho
  • #7,127
  • Jul 14, 2011 10:30am Jul 14, 2011 10:30am
And 2 trades:
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The result of the day: +17 pips
"To become a pro you have to think like a pro". Sho
  • #7,128
  • Edited 10:12pm Jul 15, 2011 7:57pm | Edited 10:12pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Welcome Nanitoide!
Nice trade between
-------------------------
I've changed broker to Oanda for scalping but keep MT4 for 4H trading.What I like Oanda is because I can predefined SL 10pips and when I enter trade the SL is set nicely and it is movable from the screen. It is good with this scalping method.
The divergence is obvious and easy to see.
------------
Look like everyone is busy so here look quiet.
O.K! I make a mission. To reach 1000 pages. That keep us from hoping to another system. By that time I might become very good like laser eyes.
Will you join in?
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Shake it off!Lick the Wound,Prey Again!
  • #7,129
  • Jul 16, 2011 5:12am Jul 16, 2011 5:12am
Hi Meg!!!
i'm with you,let's do it!!))

another CT play 2 pin bars tested the support(demand) level while the divergence was formed.. did you enter as the 2nd pin closed? it would be safer to enter after that bullish trend bar closed(more odds in your favour )
  • #7,130
  • Jul 16, 2011 5:20am Jul 16, 2011 5:20am
i think i will move to 4H TF cos i have enough time to be infront of screen while london session is opened (my time is CET+2), i think i should be sitting infront of the platform entire the period of several hours to take each trade i see as a good setup... otherwise i could take bad trades while another ( possible winners ) i couldn take as my platform 's shut down.. when 4H(or higher) TF trading i will have enough time to spot the setups and manage the trades..
  • #7,131
  • Jul 16, 2011 11:09pm Jul 16, 2011 11:09pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Great Gravi!
Any TF we can see impulsive and corrective. What our objective in every trades is preserve capital, risk as little as possible.

Posting charts after trading also force us to see our mistakes and make us refine our next trade. Let's not bottle up the mistakes but post them here and help "little butterflies learning to fly" if time permit.
Shake it off!Lick the Wound,Prey Again!
  • #7,132
  • Jul 16, 2011 11:25pm Jul 16, 2011 11:25pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting Gravi
Hi Meg!!!
i'm with you,let's do it!!))

another CT play 2 pin bars tested the support(demand) level while the divergence was formed.. did you enter as the 2nd pin closed? it would be safer to enter after that bullish trend bar closed(more odds in your favour )
---------------
Ha!Ha! I entered 1 minute before it close (I know!I know! I'm aggresive)
By the way do you have any idea about Oanda where I can have clock countdown before the next candle open?
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Shake it off!Lick the Wound,Prey Again!
  • #7,133
  • Edited 4:50am Jul 18, 2011 4:28am | Edited 4:50am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
This setup looks good.
Target before yellow line
---------
Risk free trade now. Going in my direction
------------
Rggh....close with 5 pips upon sighted IB
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Shake it off!Lick the Wound,Prey Again!
  • #7,134
  • Jul 18, 2011 5:31am Jul 18, 2011 5:31am
Quoting Megara
This setup looks good.
Target before yellow line
---------
Risk free trade now. Going in my direction
------------
Rggh....close with 5 pips upon sighted IB
Hi Meg,

The H1 and H4 trend is down, don't you think the probability is higher if you wait for a down setup?

Your PB was beautiful, but counter trend isn't it?
I hear and I forget. I see and I remember. I do and I understand.
  • #7,135
  • Jul 18, 2011 5:38am Jul 18, 2011 5:38am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting boubafx
Hi Meg,

The H1 and H4 trend is down, don't you think the probability is higher if you wait for a down setup?

Your PB was beautiful, but counter trend isn't it?
-------------
You're right.
I didn't watch Multi TF nowaday when do scalping. I take what market give me though wants more pips!
-----------
Next setup
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Shake it off!Lick the Wound,Prey Again!
  • #7,136
  • Jul 18, 2011 5:53am Jul 18, 2011 5:53am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting boubafx
Hi Meg,

The H1 and H4 trend is down, don't you think the probability is higher if you wait for a down setup?

Your PB was beautiful, but counter trend isn't it?
---------
That one is not CT. My CT is the yellow TL with divergent
Shake it off!Lick the Wound,Prey Again!
  • #7,137
  • Jul 18, 2011 5:59am Jul 18, 2011 5:59am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Move down quite slow. I might close it
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Shake it off!Lick the Wound,Prey Again!
  • #7,138
  • Jul 18, 2011 6:11am Jul 18, 2011 6:11am
lets see
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I hear and I forget. I see and I remember. I do and I understand.
  • #7,139
  • Jul 18, 2011 6:21am Jul 18, 2011 6:21am
one thing i would like understand

if on each trade our risk is 1% risk and 2:1 ratio

if we do this on m15 charts we could get one or several winners in the day.

For each winner, our account is 2% up.

Now if we do this on daily, we need more than 1 day to have a winner and the profit in our account is also only 2%

so we must make more money with the m15 time frame than with the daily ????

Sure, the spread is a handicap in daytradinding, but can we conclude that a sucess trader will win much more on low time frame than high time frame with the same method

Thanks for your answers because i'm not sure of that even if it seems logical.
I hear and I forget. I see and I remember. I do and I understand.
  • #7,140
  • Jul 18, 2011 6:47am Jul 18, 2011 6:47am
Quoting Megara
---------
That one is not CT. My CT is the yellow TL with divergent
Meg,

For me Big red bars is momentum, the green is more little.

Thirst blue line (the down line) is impulsive, then the corrective move (the up blue line).

In addition, H1 and H4 are in down trend.

The PB you took should have been a fake and the begin of another down impulsive move. So for me it was a counter trend.

Finally you have been right, because the corrective move turns impulsive, but when you took the PB it was a bet that corretive move turns impulsive? And sure you make a good bet, but riskly, no?

Am i wrong in my analysis? Don't see pretention in me, i simply try to understand and to become better, i know you know what you do

Thanks
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I hear and I forget. I see and I remember. I do and I understand.
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