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Intraday price action trend trading

  • #7,161
  • Jul 19, 2011 3:46am Jul 19, 2011 3:46am
Quoting Gravi
i think he entered as the price retraced a little to make SL size small(before that trend bullish bar closed)... i guess it would be better to close the trade with small loss after those 2 bars formed( solid bullish trend bar and bulish pin then..)
Yes, i enter at 50% retrace ( so before the enter of the big green bar) .

I agree with you Gravi for the close of the trade
I hear and I forget. I see and I remember. I do and I understand.
  • #7,162
  • Jul 19, 2011 3:51am Jul 19, 2011 3:51am
Quoting Megara
--------------------
Gravi
When I enter a CT with divergence form, there should be 2 candles been tested it cannot go lower or higher. Have similar low or high also works O.K.
I've tested this way the 6th times and find that it work. I've got 4 to show you and will post more if I encounter this similar CT setup
-------------
See you in US session.

Meg, you become a specialist of CT trade!!!!!

This method is different from Sho's method, but this method seems to suit you
I hear and I forget. I see and I remember. I do and I understand.
  • #7,163
  • Jul 19, 2011 3:57am Jul 19, 2011 3:57am
Quoting Megara
--------------------
Gravi
When I enter a CT with divergence form, there should be 2 candles been tested it cannot go lower or higher. Have similar low or high also works O.K.
I've tested this way the 6th times and find that it work. I've got 4 to show you and will post more if I encounter this similar CT setup
-------------
See you in US session.
just like this?
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  • #7,164
  • Jul 19, 2011 4:04am Jul 19, 2011 4:04am
My TP has been touched.................... but my BE before
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I hear and I forget. I see and I remember. I do and I understand.
  • #7,165
  • Jul 19, 2011 4:10am Jul 19, 2011 4:10am
Quoting boubafx
Yes, i enter at 50% retrace ( so before the enter of the big green bar) .

I agree with you Gravi for the close of the trade
Hello, Bouba. I apologize for asking a question for my first post but were there any other indications you used to enter this trade other than the 50% Fibonacci retracement, prior support level, or the two hammers?
  • #7,166
  • Jul 19, 2011 4:40am Jul 19, 2011 4:40am
Quoting bollythehobo
Hello, Bouba. I apologize for asking a question for my first post but were there any other indications you used to enter this trade other than the 50% Fibonacci retracement, prior support level, or the two hammers?

My trade:
-Two bars(green+red=Pinbar)
-Fibo retracement
-Momentum is down
-Last support turn res
-Down trend on H1 (and maybe H4, i forget): trend is your friend!!
-Kc rejected

For me it was a high probability setup, but it failed
I hear and I forget. I see and I remember. I do and I understand.
  • #7,167
  • Jul 19, 2011 4:47am Jul 19, 2011 4:47am
lets see

TP at 1.6100
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I hear and I forget. I see and I remember. I do and I understand.
  • #7,168
  • Jul 19, 2011 6:48am Jul 19, 2011 6:48am
My TP has not been touched, another BE
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I hear and I forget. I see and I remember. I do and I understand.
  • #7,169
  • Edited 9:45am Jul 19, 2011 9:21am | Edited 9:45am
Counter trend; Beautiful PB with divergence. lets see
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I hear and I forget. I see and I remember. I do and I understand.
  • #7,170
  • Jul 19, 2011 9:44am Jul 19, 2011 9:44am
tp1(half position) and tp2(the other half) touched
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I hear and I forget. I see and I remember. I do and I understand.
  • #7,171
  • Edited 11:04am Jul 19, 2011 10:59am | Edited 11:04am
Beautiful A+ setup, looks promising
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I hear and I forget. I see and I remember. I do and I understand.
  • #7,172
  • Jul 19, 2011 11:10am Jul 19, 2011 11:10am
Another,with hidden divergence

Lets see, it's now!!!!!
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I hear and I forget. I see and I remember. I do and I understand.
  • #7,173
  • Jul 19, 2011 11:38am Jul 19, 2011 11:38am
Quoting boubafx
Another,with hidden divergence

Lets see, it's now!!!!!
I also have a stop loss.

http://savepic.ru/2869454m.gif
"To become a pro you have to think like a pro". Sho
  • #7,174
  • Edited 12:00pm Jul 19, 2011 11:42am | Edited 12:00pm
The two A+ PB failed

On EURCHF big red bar was certainly an exhaustion bar. Red PB just after was in divergence, it was certainly a double sign to go long, and i didn't see it !!!!!!!!!!!!! Sho said, when a big bar occurs and then a divergence, so it's an exhaustion bar and not a momentum.

But on GBPUSD setup was great. It's not 100% right method!! Loss is part of the business
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I hear and I forget. I see and I remember. I do and I understand.
  • #7,175
  • Jul 19, 2011 12:54pm Jul 19, 2011 12:54pm
hi guys!
i want to start by thanking all of you for posting ur charts -i learn a lot from them!!thank you!!!!

im posting 2 charts of corn(i thought u wont mind).
price broke throw the resistence shown by the yellow line and than traded back down to it forming 4 red candels(as seen on 15 min-maybe momentum i was thinking at that time)..after a rejection from the middle kc and price forming 2 PB i shorted the second pb marked with red error.

my stoploss was 4points=200$per lot.
but now moved to BE.
target-if we close below the up trendline shown on daily i will hold it but if we rally towards the end of day i will close manually.
as of now its a free trade.

if u think im doing something wrong i will thank you if u will comment so i can learn.
thank you!
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  • #7,176
  • Jul 19, 2011 1:06pm Jul 19, 2011 1:06pm
Quoting elliotrader
hi guys!
i want to start by thanking all of you for posting ur charts -i learn a lot from them!!thank you!!!!

im posting 2 charts of corn(i thought u wont mind).
price broke throw the resistence shown by the yellow line and than traded back down to it forming 4 red candels(as seen on 15 min-maybe momentum i was thinking at that time)..after a rejection from the middle kc and price forming 2 PB i shorted the second pb marked with red error.

my stoploss was 4points=200$per lot.
but now moved to BE.
target-if we close below the up trendline shown...
Yes good job Elliot

I woul have taken the first PB: momentum changed and it is down. A 38% retrace, KC rejected.

The green IB was up broken, then failed and formed a nice bearish bar(PB), and then another PB wich formed double top with last PB(means good resistant above) which give us more probabilities to succeed.

I thought it's a very good setup, it looks promising

For TP it is difficult to tell you where place it, each trader must find its own and confortable method, and its the more hardly
I hear and I forget. I see and I remember. I do and I understand.
  • #7,177
  • Jul 19, 2011 1:17pm Jul 19, 2011 1:17pm
Quoting boubafx
Beautiful A+ setup, looks promising
Hi!

look at the picture.. do you see 3 pushes down (impulsive moves, blue lines)?.. it could be the possible trend reverse when 3 impulsive moves completed ( elliot 1-2-3-4-5 then corrective a-b-c).. also that big bearish bar in 3d impulsive looks like exhaustion...
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  • #7,178
  • Jul 19, 2011 1:21pm Jul 19, 2011 1:21pm
Quoting boubafx
Another,with hidden divergence

Lets see, it's now!!!!!

i can't see any hidden div. at your chart...

it looks like bearish flag failure with solid bullish momentum forming... it would be better to wait for PA confirmation to go long...
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  • #7,179
  • Jul 19, 2011 1:24pm Jul 19, 2011 1:24pm
thx bobafx!!

i got out at +13 points=625$ a lot.

i decided to close bc dealing with corn futures there is always the possibility that the market will re-open abouve my BE stop and i will end up being in a losing position.although the odds for that are low i decided to cash my money.
no stress needed.
will wait for other set up to come.
  • #7,180
  • Jul 19, 2011 1:30pm Jul 19, 2011 1:30pm
im sorry i want to clear one thing i said in the earlier post.
every market can open abovebelow our stop but i ment that with corn futures there is also the limit updown situation that needs to be considered.
anyway,have a good one!
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