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Intraday price action trend trading

  • #7,421
  • Aug 8, 2011 7:18am Aug 8, 2011 7:18am
i totally agree w u boubafx thats why i moved my SL to BE very fast.
not a great trade i must admit.
risk was 6 pips,now its free trade....
probably will be taken out soon..
will see...
  • #7,422
  • Aug 8, 2011 7:26am Aug 8, 2011 7:26am
Quoting elliotrader
i totally agree w u boubafx thats why i moved my SL to BE very fast.
not a great trade i must admit.
risk was 6 pips,now its free trade....
probably will be taken out soon..
will see...
My analysis doesn't mean the price will go up.

Simply the facts i hightlighted, is lowering the probability of win.

My trade before is not very good too!!!

Trading is just a probability game, so we must take the higher probability setup
I hear and I forget. I see and I remember. I do and I understand.
  • #7,423
  • Aug 8, 2011 7:27am Aug 8, 2011 7:27am
i moved my SL to BE+5 since i dont like the PA and i do expect to get stopped out so y not lock some profit .
if price goes above last bar on 15min i will get stopped...
  • #7,424
  • Aug 8, 2011 7:30am Aug 8, 2011 7:30am
Quoting boubafx
My analysis doesn't mean the price will go up.

Simply the facts i hightlighted, is lowering the probability of win.

My trade before is not very good too!!!

Trading is just a probability game, so we must take the higher probability setup
i agree!!
common lets try to find a better probability set ups!!!

btw,how many pairs are u looking at?
  • #7,425
  • Aug 8, 2011 7:35am Aug 8, 2011 7:35am
Quoting elliotrader
i agree!!
common lets try to find a better probability set ups!!!

btw,how many pairs are u looking at?

15 crosses
I hear and I forget. I see and I remember. I do and I understand.
  • #7,426
  • Aug 8, 2011 7:48am Aug 8, 2011 7:48am
wow!busy eyes...

i keep moving my SL to the high of the last 15 min bar and will keep doing so until i either get stoped out or my TP1 will be hit.
as of now +10 pips if i get stopped.
  • #7,427
  • Aug 8, 2011 7:52am Aug 8, 2011 7:52am
Quoting elliotrader
i moved my SL to BE+5 since i dont like the PA and i do expect to get stopped out so y not lock some profit .
if price goes above last bar on 15min i will get stopped...
The answer is soon!!!
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 94 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #7,428
  • Aug 8, 2011 8:03am Aug 8, 2011 8:03am
did we just see a false brkout to the downside?...hmm....
im on top of this and will tighten my stop accordingly...
  • #7,429
  • Aug 8, 2011 8:08am Aug 8, 2011 8:08am
Another BE
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.jpg Size: 83 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #7,430
  • Aug 8, 2011 8:11am Aug 8, 2011 8:11am
finally im out...lol..
+21 pips.
as i thought...false brkout so i tighten my stop.
  • #7,431
  • Aug 8, 2011 8:17am Aug 8, 2011 8:17am
I know when we have a edge, we have two methods:

1) Short on higher edge trendline or buy on lower edge trendline. Logically the edge BO is in the direction of the big trend (57% probability on my chartism book), so down in AUD case. So the better probability trade is to sell the higher trendline to have higer probability and lesder risk trade

2) Buy after BO, wait for a retrace on the breaking edge and sell (or buy if up BO)
I hear and I forget. I see and I remember. I do and I understand.
  • #7,432
  • Aug 8, 2011 8:18am Aug 8, 2011 8:18am
Quoting elliotrader
finally im out...lol..
+21 pips.
as i thought...false brkout so i tighten my stop.

yeah good profit Elliot
I hear and I forget. I see and I remember. I do and I understand.
  • #7,433
  • Aug 8, 2011 8:26am Aug 8, 2011 8:26am
thx but lets see if i didnt assume too fast that this was a "false" brkout..but thats all in hindsight...
no complains..happy w my profit...
focousing on 4hr now..
debating if i should short if IB brks to the downside..
hmm.....what do u think?
  • #7,434
  • Aug 8, 2011 8:38am Aug 8, 2011 8:38am
Quoting elliotrader
thx but lets see if i didnt assume too fast that this was a "false" brkout..but thats all in hindsight...
no complains..happy w my profit...
focousing on 4hr now..
debating if i should short if IB brks to the downside..
hmm.....what do u think?
Sorry, i'm not a specialist of edge, never play them, simply observe them. It's funny to see the battle, but i don't like to make the war so i don't join us

Meg and gravi practise the edge BO, maybe they can answer at your question.

I play only sho's setup!!!
I hear and I forget. I see and I remember. I do and I understand.
  • #7,435
  • Aug 8, 2011 8:51am Aug 8, 2011 8:51am
Quoting boubafx
Another BE
hi bouba,
i like the indi that you have in the right corner
could you share it?
thanks
  • #7,436
  • Aug 8, 2011 8:56am Aug 8, 2011 8:56am
i suck at triangles thats why i don't trade them.
i was already in the trade when the triangle formed,i did not initiate new trade based on the breakout.
i was asking about the 4hr IB.
my 4hr bar is about to close in 10 min and im thinking to initiate a new short if IB brks to the downside.
  • #7,437
  • Aug 8, 2011 9:05am Aug 8, 2011 9:05am
never mind...will not short aud as it will require a big SL and we are inside KC.
looking for other set ups.
  • #7,438
  • Aug 8, 2011 9:10am Aug 8, 2011 9:10am
Quoting dnabrasil
hi bouba,
i like the indi that you have in the right corner
could you share it?
thanks
Here they are
Attached File(s)
File Type: ex4 Stratman_MiniChart_v12.ex4   37 KB | 269 downloads
I hear and I forget. I see and I remember. I do and I understand.
  • #7,439
  • Aug 8, 2011 9:11am Aug 8, 2011 9:11am
Quoting boubafx
Here they are
many thanks!!
  • #7,440
  • Aug 8, 2011 9:14am Aug 8, 2011 9:14am
Quoting elliotrader
i suck at triangles thats why i don't trade them.
i was already in the trade when the triangle formed,i did not initiate new trade based on the breakout.
i was asking about the 4hr IB.
my 4hr bar is about to close in 10 min and im thinking to initiate a new short if IB brks to the downside.
Yes break(down) of the IB on H4 is a very good sho's setup.

There is a Pb just before, so if IB is break down, i thing it's very good entry

Big red momentum on daily and weekly, and no near supply/demand level ; the probability is for down move
I hear and I forget. I see and I remember. I do and I understand.
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