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Intraday price action trend trading

  • #7,861
  • Aug 24, 2011 11:43pm Aug 24, 2011 11:43pm
Quoting Megara
-------------
use the middle keltner channel and project the future line.
....
...
Please can you explain, i don't understand
I hear and I forget. I see and I remember. I do and I understand.
  • #7,862
  • Aug 24, 2011 11:45pm Aug 24, 2011 11:45pm
i don't use to trade at this time, but i see NZD and AUD is very active at this hour, good momentum now!!!!
I hear and I forget. I see and I remember. I do and I understand.
  • #7,863
  • Aug 24, 2011 11:48pm Aug 24, 2011 11:48pm
i'm afraid to play CT, but this one touch the TL.

How wuould you play that Meg, would you wait a setup or a div?

Bcs green momentum seems great
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.jpg Size: 79 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #7,864
  • Aug 24, 2011 11:56pm Aug 24, 2011 11:56pm
Quoting Megara
----------------
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
hi Megara
i want to thank u for posting all this h4 cahrts and your work on this beautifull thread.
I want to trade bigger TFs too, at least H1,
thats why i follow your postings day by day and learning a lot
I am Ok with m5 and m15 but as i am an old man, i want to slow down a little bit and m5 nails me to the screen the whole day long
  • #7,865
  • Aug 25, 2011 12:39am Aug 25, 2011 12:39am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Yesterday GU...
anything could happen if didn't take the max profit. It give no signal bar.Just kiss the line and drop like hell
Attached Image (click to enlarge)
Click to Enlarge Name: GU 14.png Size: 63 KB
Shake it off!Lick the Wound,Prey Again!
  • #7,866
  • Aug 25, 2011 12:55am Aug 25, 2011 12:55am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
yesterday EU
Attached Image (click to enlarge)
Click to Enlarge Name: EU 23.png Size: 86 KB
Shake it off!Lick the Wound,Prey Again!
  • #7,867
  • Aug 25, 2011 12:58am Aug 25, 2011 12:58am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
AUD,yesterday
Attached Image (click to enlarge)
Click to Enlarge Name: AUD 30.png Size: 80 KB
Shake it off!Lick the Wound,Prey Again!
  • #7,868
  • Aug 25, 2011 2:07am Aug 25, 2011 2:07am
Thanks again boubafx

However, I need better trade management. I take profit too early

Better trade next time
Attached Image (click to enlarge)
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  • #7,869
  • Aug 25, 2011 3:41am Aug 25, 2011 3:41am
Quoting Megara
NO. 7
Yes, I entered the trade then notice the supply bar after the SL was hit. And I should listen to boubafx too, it was low probability setup. And that exhaustion...how could I miss that..

Thanks guys. Posting here lets me realise my mistakes so easily Now is my part not to repeat them..
Consistency goes a Long Way
  • #7,870
  • Aug 25, 2011 3:52am Aug 25, 2011 3:52am
Quoting Richie_Rich
Thanks again boubafx

However, I need better trade management. I take profit too early

Better trade next time
Megara, like this? Upper channel line TP.
Attached Image (click to enlarge)
Click to Enlarge Name: 666.jpg Size: 121 KB
Consistency goes a Long Way
  • #7,871
  • Aug 25, 2011 4:26am Aug 25, 2011 4:26am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting blazingheart
Megara, like this? Upper channel line TP.
------------
There's no hard rules to connect them.Find 2 obvious high and low. Different traders do differently....Some use the high and low;some use the close of the price. But I use both and see them as zone.
TL, kind of ambiguous
Experiment them...you will draw the channel naturally.
Shake it off!Lick the Wound,Prey Again!
  • #7,872
  • Aug 25, 2011 4:34am Aug 25, 2011 4:34am
that nice triangle gonna be broken out..
lots of pairs are ranging on 4H today.... no trade
Attached Image (click to enlarge)
Click to Enlarge Name: eu_tri.gif Size: 34 KB
  • #7,873
  • Edited 5:08am Aug 25, 2011 4:39am | Edited 5:08am
Quoting Gravi
that nice triangle gonna be broken out..
lots of pairs are ranging on 4H today.... no trade
On 15 min. Its a down momentum already

though it ranged for quite some time here too

Edit: I stand corrected. Its very rangy now.
Consistency goes a Long Way
  • #7,874
  • Aug 25, 2011 5:14am Aug 25, 2011 5:14am
Quoting boubafx
i'm afraid to play CT, but this one touch the TL.

How wuould you play that Meg, would you wait a setup or a div?

Bcs green momentum seems great
look please
Attached Image (click to enlarge)
Click to Enlarge Name: euraud_bouba.jpg Size: 103 KB
  • #7,875
  • Aug 25, 2011 5:16am Aug 25, 2011 5:16am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting Gravi
that nice triangle gonna be broken out..
lots of pairs are ranging on 4H today.... no trade
-----------
Eu & AU stop out. Chart already posted.
GU get some but not astonishing.... and it's obvious in div now
Shake it off!Lick the Wound,Prey Again!
  • #7,876
  • Aug 25, 2011 5:21am Aug 25, 2011 5:21am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting Gravi
look please
----------
Didn't see this post, friend
Gravi is right
-----------
Got to go...many pips in you bank
Shake it off!Lick the Wound,Prey Again!
  • #7,877
  • Aug 25, 2011 5:45pm Aug 25, 2011 5:45pm
i hadn't time to trade today, so i post some charts with my point of view.

I repeat it's only me, i'm conservative.

It's insight charts, so it is simplier that live trading!!!!!

i opened 3 pairs and watched what i saw i would eventually traded

look the charts
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: cadjpy2.jpg Size: 86 KB
Click to Enlarge Name: euraud1.jpg Size: 88 KB
Click to Enlarge Name: euraud2.jpg Size: 83 KB
Click to Enlarge Name: eurjpy.jpg Size: 95 KB
Click to Enlarge Name: eurjpy2.jpg Size: 82 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #7,878
  • Aug 25, 2011 7:47pm Aug 25, 2011 7:47pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
I put a buy order yesterday night.
reason to trade this level attach with the chart.
AU and EU too many up down. No trade after stop out
Attached Image (click to enlarge)
Click to Enlarge Name: GU 15.png Size: 57 KB
Shake it off!Lick the Wound,Prey Again!
  • #7,879
  • Aug 26, 2011 12:02am Aug 26, 2011 12:02am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
DAY 11th EU:

what am I thinkin...merely forgot
Attached Image (click to enlarge)
Click to Enlarge Name: DAY 11 EU .png Size: 77 KB
Shake it off!Lick the Wound,Prey Again!
  • #7,880
  • Aug 26, 2011 12:03am Aug 26, 2011 12:03am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
DAY 11 GU
Attached Image (click to enlarge)
Click to Enlarge Name: DAY 11 GU b.png Size: 78 KB
Shake it off!Lick the Wound,Prey Again!
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