Intraday price action trend trading | Page 389 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MultiTimeFrame Trend Trading with Price Action 242 replies

Any Recommendations on Learning Intraday Price Action Trading 5 replies

Price Pattern Notifications/Trend Alert Price Action Scanner 7 replies

Trend following intraday breakout - my trading journal 11 replies

intraday trend trading with price action 2,063 replies

Attachments: Intraday price action trend trading
Exit Attachments

Intraday price action trend trading

  • #7,761
  • Aug 23, 2011 2:23am Aug 23, 2011 2:23am
Quoting Megara
---------------
ha!ha!..... I don't know what you're talking about....'calculate correlation using built in excel function'
Hey Gravi! you're real thing.......
I need time to learn the 2nd chapter.....seems so
----------
If time permit, may you give a clue or two about the thing you mention..I'm all earssss
ok..do you know the Microsoft Excel? well.. it has built-in function CORREL that calculates correlation between each given value... so you open Ecxel, then fill 2 columns with values imported from MT4 for period you want to analyse and put the CORREL function to any cell you want and apply it to that values... it will calculate the correlation between the values..
i have attached the file with example...
Attached File(s)
File Type: xls correl1.xls   15 KB | 291 downloads
  • #7,762
  • Aug 23, 2011 5:03am Aug 23, 2011 5:03am
Quoting Megara
Gravi,Elliot what do you think about triangle,flag breakout play?
Would like to hear your opinion
good morning friends!!
i know i said im back to trading this week but for some reason im having problems waking up to trade the london session...i think my body likes the idea of sleeping instead of waking up in the mid of the night(im in east coast time)...
well i hope ny session will have some action.

regard to ur Q megara i do not trade triangles.my winning ratio playing them is very low so i just decided to stop taking those set ups.its a shame bc they usually provide some nice profit IF u play them right.i believe Gravi is the man regarding triangles.maybe he can provide u w better opinion then mine.

and last but not least-big hello to our new participants!!!welcome aboard!!!
  • #7,763
  • Aug 23, 2011 5:07am Aug 23, 2011 5:07am
Quoting boubafx
Thanks Meg.

Meg, remember always that , i don't want to give you any lessons, you are a better trader than me, i'm sure. I simply give you my point of view, and maybe i'm wrong

But, there are some setupsas this i feel very well, and so i take it with no hesitation

Sorrry, this two next weeks i will not trade very often, so i will not post very much charts.

I will full trade in September with more charts on the thread.

Very good pips
how am i gonna trade without my boubafx?!!!!!!!!
have fun on ur time off my friend!!!
  • #7,764
  • Aug 23, 2011 5:43am Aug 23, 2011 5:43am
Quoting Richie_Rich
Hi everybody

I'm a newbie for this web and of course, for this thread as well.

I have already read the PDF file about The Trade Price Method by Sho but I'm still confused about A+setup and how to trade inside bar.

If you guys have enough time, could you please explain it briefly.

I need your help

Thanks a lot
hi richie!!!welcome to our family...
if u need help w IB i would love to help but first go back to page 512 in this thread and start by reading post #7673.
i think that will shade some light about IB.
if not just post here again and i will do my best explaining it to u .
  • #7,765
  • Aug 23, 2011 5:48am Aug 23, 2011 5:48am
first trade.
who said i dont trade triangles...
target is the yelloe line but might hold it for longer depen on PA.
SL moved to BE+2..
Attached Image (click to enlarge)
Click to Enlarge Name: BP823.jpg Size: 105 KB
  • #7,766
  • Aug 23, 2011 5:52am Aug 23, 2011 5:52am
SL was hit.
well 2 pips is better than nothing i guess...
  • #7,767
  • Aug 23, 2011 9:06am Aug 23, 2011 9:06am
i took this trade on the corn market.
again,i know we do forex but wanted to give richie another example...
Attached Image (click to enlarge)
Click to Enlarge Name: CORN.jpg Size: 99 KB
  • #7,768
  • Aug 23, 2011 2:01pm Aug 23, 2011 2:01pm
My point of view
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mEG.png Size: 65 KB
Click to Enlarge Name: mEG2.png Size: 71 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #7,769
  • Aug 23, 2011 5:42pm Aug 23, 2011 5:42pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
O.K see your triangle. Nice play
Good day Ellio
Attached Image (click to enlarge)
Click to Enlarge Name: z22.png Size: 401 KB
Shake it off!Lick the Wound,Prey Again!
  • #7,770
  • Aug 23, 2011 5:44pm Aug 23, 2011 5:44pm
hi meg!
the triangle was not drawn but there were 2 inside bars which in smaller TF is a tringle
  • #7,771
  • Aug 23, 2011 5:44pm Aug 23, 2011 5:44pm
oh i see u got it while i was typing...
r u starting ur trading shift?..
  • #7,772
  • Aug 23, 2011 5:50pm Aug 23, 2011 5:50pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
AUD yesterday. Just love the game and love the lines
Attached Image (click to enlarge)
Click to Enlarge Name: AUD 26.png Size: 59 KB
Shake it off!Lick the Wound,Prey Again!
  • #7,773
  • Aug 23, 2011 5:59pm Aug 23, 2011 5:59pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting elliotrader
oh i see u got it while i was typing...
r u starting ur trading shift?..
---------------
Ha!ha! you take care the US session shift while I and others Asian/London shift.....Look like we're working for an organization

Each day, I get to enter at 3 trades sometimes 2 and worst is 1.Because I'm using 4H chart.
So the next candle is 10am/2pm/6pm
This week I didn't see any reason to hold trade or trail bcs the movement is crazy. When hit the upper channel I take the max though very tempting to stay....but anything could happen within 4H so I didn't hold the trade for 4H or more sometimes.
Shake it off!Lick the Wound,Prey Again!
  • #7,774
  • Aug 23, 2011 6:06pm Aug 23, 2011 6:06pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
GU triangle breakout,yesterday
Attached Image (click to enlarge)
Click to Enlarge Name: GU 10.png Size: 55 KB
Shake it off!Lick the Wound,Prey Again!
  • #7,775
  • Aug 23, 2011 6:13pm Aug 23, 2011 6:13pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
EU yesterday trade
Do see the important of drawing channel and
Look to the left, I saw the supply level
Attached Image (click to enlarge)
Click to Enlarge Name: EU 19.png Size: 69 KB
Shake it off!Lick the Wound,Prey Again!
  • #7,776
  • Aug 23, 2011 6:15pm Aug 23, 2011 6:15pm
so u only trade 4hr now?how is that working out for u?
im thinking to move to higher time frames but i feel like im not ready yet as i need to learn more about supply and demand level and how to identify them on a 4hr chart.
im still taking my trades by using the 15 min chart and scalping with momentum but i do use the 4 hr chart to decide whether to close all my position or only half and trail the rest.(all depends if we are close to resistencesupport on 4hr) .once i feel more confidence with my levels i will move to higher tf.

p.s-im soooo lonely here in the morning shift..
  • #7,777
  • Aug 23, 2011 6:20pm Aug 23, 2011 6:20pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
EJ triangle breakout trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 9.png Size: 62 KB
Shake it off!Lick the Wound,Prey Again!
  • #7,778
  • Aug 23, 2011 6:26pm Aug 23, 2011 6:26pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting elliotrader
so u only trade 4hr now?how is that working out for u?
im thinking to move to higher time frames but i feel like im not ready yet as i need to learn more about supply and demand level and how to identify them on a 4hr chart.
im still taking my trades by using the 15 min chart and scalping with momentum but i do use the 4 hr chart to decide whether to close all my position or only half and trail the rest.(all depends if we are close to resistencesupport on 4hr) .once i feel more confidence with my levels i will move to higher tf.

p.s-im soooo lonely...
----------------
It's been long time I use 4H. I did that with 15 TF but not successful. Very stressful.
It's a long wait but worth your patience.
The frustation part is ;after long wait the trade fail and hit SL or B.E and you have to wait for another 4H setup.Monday case....3 losses in a row
Shake it off!Lick the Wound,Prey Again!
  • #7,779
  • Aug 23, 2011 6:35pm Aug 23, 2011 6:35pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
CAD yesterday, short break of IB
Attached Image (click to enlarge)
Click to Enlarge Name: CAD 15.png Size: 62 KB
Shake it off!Lick the Wound,Prey Again!
  • #7,780
  • Aug 23, 2011 6:39pm Aug 23, 2011 6:39pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting Gravi
ok..do you know the Microsoft Excel? well.. it has built-in function CORREL that calculates correlation between each given value... so you open Ecxel, then fill 2 columns with values imported from MT4 for period you want to analyse and put the CORREL function to any cell you want and apply it to that values... it will calculate the correlation between the values..
i have attached the file with example...
---------
Thx Gravi for the trouble.
I better stick with what I know first;one at a time
Do you use them to place trade?
Shake it off!Lick the Wound,Prey Again!
1 trader viewing now