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Intraday price action trend trading

  • #7,261
  • Jul 27, 2011 10:42am Jul 27, 2011 10:42am
Quoting elliotrader
...he is invisble but watching us !...
You're a humorist, Marс.
"To become a pro you have to think like a pro". Sho
  • #7,262
  • Jul 27, 2011 10:42am Jul 27, 2011 10:42am
sl was hit on the remainning position.
total profit for this trade +44 pips
  • #7,263
  • Jul 27, 2011 10:49am Jul 27, 2011 10:49am
http://savepic.net/1734104m.gif
Let's see what happens.
"Hope for the best, but prepare for the worst"
It was a stop-loss. -8 Pips.
"To become a pro you have to think like a pro". Sho
  • #7,264
  • Jul 27, 2011 10:49am Jul 27, 2011 10:49am
Quoting elliotrader
i think megara or gravi mentioned that he is invisble but watching us !
will
Invisible man
Attached Image
I hear and I forget. I see and I remember. I do and I understand.
  • #7,265
  • Jul 27, 2011 10:53am Jul 27, 2011 10:53am
Quoting Nanitoide
http://savepic.net/1734104m.gif
Let's see what happens.
"Hope for the best, but prepare for the worst"
Good retrace, but the green bar is a little too big and i would be afraide to take it without a solid setup (good PB or OB), but maybe good, it's just me and my conservative approach
I hear and I forget. I see and I remember. I do and I understand.
  • #7,266
  • Jul 27, 2011 10:57am Jul 27, 2011 10:57am
Quoting Nanitoide
http://savepic.net/1734104m.gif
Let's see what happens.
"Hope for the best, but prepare for the worst"
It was a stop-loss. -8 Pips.
i will be hesitated to take this short bc of big green candels-momentum? and uptrend TL on 4hr is holding -might resume the uptrend.

be cautious here.
  • #7,267
  • Jul 27, 2011 11:10am Jul 27, 2011 11:10am
Quoting boubafx
Good retrace, but the green bar is a little too big and i would be afraide to take it without a solid setup (good PB or OB), but maybe good, it's just me and my conservative approach
Agreed.
It's okay, because I know what the risks.
Losses are part of this business. The price could go to the right place, but this did not happen.
"To become a pro you have to think like a pro". Sho
  • #7,268
  • Edited 11:24am Jul 27, 2011 11:14am | Edited 11:24am
Quoting Nanitoide
Agreed.
It's okay, because I know what the risks.
Losses are part of this business. The price could go to the right place, but this did not happen.
As i see it: uptrend H4 have retrace at 62% and on the last resistant. We don't know if momentum is still up, because green and red bar is near equal. maybe the retracement is not finish, who knows?

But, but: Momentum is maybe still up; we have retrace at 62%, we have reach the last resistant. Lots of arguments to avoid to short, because probability is in favor for up now.


But no one knows where price will move, maybe up maybe down, but probabilty is in favor of uptrend now. It's my analysis.

If i was on H4 , i would wait for a setup to go long, then i don't look for a setup on M15 to short
Attached Image (click to enlarge)
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I hear and I forget. I see and I remember. I do and I understand.
  • #7,269
  • Jul 27, 2011 11:26am Jul 27, 2011 11:26am
Quoting Nanitoide
Agreed.
It's okay, because I know what the risks.
Losses are part of this business. The price could go to the right place, but this did not happen.

You're right, rapid and little loss is the best loss, and part of the business
I hear and I forget. I see and I remember. I do and I understand.
  • #7,270
  • Jul 27, 2011 12:03pm Jul 27, 2011 12:03pm
Quoting boubafx
As i see it: uptrend H4 have retrace at 62% and on the last resistant. We don't know if momentum is still up, because green and red bar is near equal. maybe the retracement is not finish, who knows?

But, but: Momentum is maybe still up; we have retrace at 62%, we have reach the last resistant. Lots of arguments to avoid to short, because probability is in favor for up now.


But no one knows where price will move, maybe up maybe down, but probabilty is in favor of uptrend now. It's my analysis.

If i was on H4 , i would wait for a setup...
Thank you for your analysis.
"To become a pro you have to think like a pro". Sho
  • #7,271
  • Jul 28, 2011 2:10am Jul 28, 2011 2:10am
i see u had a winner.. that's nice!) it was retraced to the fibo and last support level... but let's count the waves,i guess it was a bit risky play
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  • #7,272
  • Jul 28, 2011 2:18am Jul 28, 2011 2:18am
.....
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  • #7,273
  • Jul 28, 2011 2:26am Jul 28, 2011 2:26am
pls check the pic attached..
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  • #7,274
  • Jul 28, 2011 2:50am Jul 28, 2011 2:50am
Quoting Gravi
pls check the pic attached..
I understand your analysis, and your corrective become impulsive

But i remember that Sho said that a corrective become an impulsive only if there are a good momentum. If no momentum, it doesnt count it as a corrective become impulsive.

Judging that the momentum is enough big to be a turn (corrective become impulsive) is hard for me, but in this case, i have considered that the green momentum was too little to be a change of momentum when you compare with the big red bars. Maybe i'm wrong.

Thanks for your Elliot wave, it's a thing i always forget to look when i take a trade
I hear and I forget. I see and I remember. I do and I understand.
  • #7,275
  • Jul 28, 2011 6:17am Jul 28, 2011 6:17am
earlier i took this trade on the gbpusd.
PB was formed on 1hr chart and price closed below the TL.i was waiting for a bit of retracement in order to lower my risk.
got in after a ret on the 15 min chart marked w the red arrow.(i know it was a green bar but i was only risking 6pips).
half position out at TP1 the rest is running with a SL at BE.
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  • #7,276
  • Jul 28, 2011 6:34am Jul 28, 2011 6:34am
my setup earlier was probably not the best one bc i was selling right on the demand zone and thats never the smartest thing to do but the risk was very lit.
just wanted to throw it out there.....
  • #7,277
  • Jul 28, 2011 6:40am Jul 28, 2011 6:40am
Elliot, i see you like to trail your profit, i think it's a good thing to let run the profit. However, i prefer be in and out fastly and take a 2:1 TP.
I'm too nervous when i am in a trade, so quick enter and quick out, i like that, it's more confortable for me.

Your trade is a winner, good.

However, i would have been afraid to take this pin, because the market seems sideways, and i don't like that. I love big momentum, always because quick win and ..........quick lost.

I see you have the patient to let the trade to develop, patience is a huge quality i don't have

But we are all differents, and only the result is important.
I hear and I forget. I see and I remember. I do and I understand.
  • #7,278
  • Jul 28, 2011 6:54am Jul 28, 2011 6:54am
Quoting boubafx
Elliot, i see you like to trail your profit, i think it's a good thing to let run the profit. However, i prefer be in and out fastly and take a 2:1 TP.
I'm too nervous when i am in a trade, so quick enter and quick out, i like that, it's more confortable for me.

Your trade is a winner, good.

However, i would have been afraid to take this pin, because the market seems sideways, and i don't like that. I love big momentum, always because quick win and ..........quick lost.

I see you have the patient to let the trade to develop, patience...
hi bobafx!
as i said my set up wasnt perfect and i was very aware of it.about my trailing stop i must say that in this case i should of closed both positions at TP1 bc of the reason u mentioned of side way market but im still in it with no stress since SL is BE.
lets see whats cookimg for the rest of position...

have u had any intresting trades today?

im also in aud CT short from earlier after a divergence on 1hr chart trigered by a brk of IB.
  • #7,279
  • Jul 28, 2011 6:58am Jul 28, 2011 6:58am
by the way----i have just noticed my first vouch given to me by megara.
THANK YOU!!!!IM HUMMBLE !!!
it is all thanks to you all!!thx you very much.!!!!!
  • #7,280
  • Jul 28, 2011 7:07am Jul 28, 2011 7:07am
Quoting Gravi
i see u had a winner.. that's nice!) it was retraced to the fibo and last support level... but let's count the waves,i guess it was a bit risky play
Thank you, Gravi!

Honestly. I do not see the wave structure of the market.
I'll tell you more.
I do not need to know the wave structure of the market. I am learning to extract profit from the market without the Elliott wave theory.

eur/usd/m5; -8 pips

http://savepic.net/1707281m.gif

eur/usd/m5; +30 pips

http://savepic.net/1746199m.gifhttp://savepic.ru/2945275m.gif

http://savepic.net/1733945m.gif

Best regards, Nani
"To become a pro you have to think like a pro". Sho
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