Intraday price action trend trading

http://www.forexfactory.com/attachme...1&d=1314461860

Elliotrader,

You have a nice flag forming. Resistance at 1.0546 and you will notice the lows are getting higher and higher.

It has a good chance to break north and head towards your 'Supply 2'

Good luck

This is my second trade today.

I Sold half lot at TP1 and the rest at TP2.

Please give me comments or correction.

Hello guys,

I have no time to trade this week, so i watch in the evening the setup which i fell good.

Here the two CT i would eventually take for a 1:1 TP

The first is with the overall trend, but it is a CT too

The second is a CT on a RN

Each trade woul have touched touch the TP, but we can see than more often we must not to be too greedy with CT and choose a little r:r TP

Some A+ setup i saw, but it's insight, so easier!!!!

Richie, look the chart

Richie, don't forget that Ib is a signal alert for the end of a move

For your first trade(3Ib) it was a signal for the end of corrective

For your second, it could be a signal alert for the end of the impulsive; The bullish pressure was so stong, that no corrective happened in this case, and a crazy big green bar just after show the impressive power of bulls. it seems a bar we see when a big US news happen!!

So what i want to say, is that, imho, it is better to play an IB in a corrective move rather than in an impulsive move.

And don't forget an Ib needs a confirmation with the BO, so don't take an Ib before the BO

I'm not a specialist of IB, but it as i see them

Bouba

Thanks a lot boubafx.

I'll be more careful about Ib in impulsive move

Hi Traders, I have read so much and studied so many charts over the last 2 weeks that I'm seeing double and my head is spinning!!!

I am tired of losing money trading and I have tried many many ways. Capital preservation has kept me in the business so theres something to be said for that (tight stops work!!).

Sorry for the complaint. maybe what I'm hoping for is some words of encouragement from the traders that post here that this trade style is working and there might actually be some light at the end of the tunnel.

Seeing as I am new to "price action trading" Sho style could I get some basic questions answered and I'll try and go from there. Mainly what time frames are you trading off of. What indicators do you use as support( if any) and what drawing tools do you prefer to insert on a chart.

I see mainly 5 min to 4 hour charts and I have enough trouble trying to figure out 1 time frame let alone master many and I would think with longer time frames would mead wider stops.

I still have a ton of homework to do to catch up but I also want to spend time in front of the screen and watch this live and learn.

I really do appreciate any and all help. Thanks so much Joe

I try the Pb, lets see

Good Day friends
No trading for me this week. It's holiday here so no charts to post
------
To Joe
demo trades, capture screen and post here. practices help a lot to understand theory.
Our target is 1000 pages. By the time, you'll master this method.
What I like here is the Stop loss that no need to be big and I trade 4H chart only.
Good luck to your journey
-----------

good morning friends!!!
jozone1 i would suggest that u will read the thread again and focus on a+ setup only!!i believe that in the first thread,the educational one,u will find many examples.
learn them and try to spot them on a demo account first.i can promise u they work but u will need a lot of patience and discipline!!! try to focus on 2 pairs in the begging so u wont get too overload with different charts.
this method works but like any other trading method u will have some losses .its part of the game and u have to accept it.
focusing on a+ setups will put the odds in ur favor.
as for TF we use 4hr chart to spot demand and supply areas but u can trade out of 5 or 15 min chart like sho is teaching(once u read the thread u will see what i mean).
we use KC and slow stochastic.
i have read the thread maybe 5-6 times(all the 500 pages!!!) and as a meter of fact when i have some free time i keep reading it again and again.
there is no magic formula but understanding PA really improved my trading.
do not panic,take ur time ,post ur Q and charts here and we will help.
have a great day!!!!

p.s-hi boubafx....where is everybody?megara,gravi...
am i alone again for the NY session?

HI meg!!!
sorry but i guess i was typing and missed ur post..
what holiday is it?

hello Elliiot,

not time to trade this week, i trade the last week, only trade this one hour trade above.

I hope you have not been touched by the tempest of est America, in France we talk a lot about this tempest.

good pips

Thank you BoubaFX, Megara and ElliotTrader for your timely responses!! your advise is really appreciated. I will plan on either using the 5 or 15 with the keltner ( 10 and 1.5 ATR) and the slow stoch ( 5,3,3) with the 4 hour setup for S/R.

Much studying for now but I hope to be on board and try and post charts soon. Thanks again! Joe

im located in miami so im used to it
it was actually not that serious here...ny got it more...
thx for caring
if u are not trading i assume u are enjoying the kids so have a great time!!

Hey guys, I'll be off 2 weeks as I have exams coming. I'm still in Uni hahah In my country Its officially a public holiday this week (because Hari Raya).

Trade well guys.

Hey, you live in Singapore? Me too ! Have a nice holiday.. btw i'm in college

Right now i'm looking closely at Eur/Usd it looks like it's rebounding back up, placed my SL @ 1.44246
Good luck everyone !

Good answer Elliot, agree with you

I'm disagree for the number of pairs: i advice to look at 10-12 pairs on 5mn TF.

On 5M, you have several A+setup each day, it's easier to learn faster to master them.

So my advice: watch all the 5mn yours charts and as soon you see a beautiful setup (PB, OB, two bars=Pb) which seems to be an A+ you disconnect your MT4 immediatly. So you have time to analysed if it's a good trade or not.

Watch all you can, don't worry the time it takes: the s/d, the fibo,the TL the Kc, the momentum of the impulsive, the momentum of corrective, if there a RN, a Pivot.... look at your TF+1 and TF+2 to see where you are and what say the charts on high TF(is the momentum is the same that your TF?, is on the TF+2 the momentum is in other direction? and then where is the 38,50.62% fibo?......)

You see, when you are a newbie you must have the maximum confluence to have a best edge, and be profitable

So, always disconnect, if you decide the setup is good, place a line for entry, stop, Be and TP

Then you can reconnect your MT4 and see the trade developp itself.

If you are fast stopped, don't forget to see if there is a second entry at a best price on this good area you just analysed, and if a good setup occurs, them take the trade

It's my advice for beginner, because it needs time to master the A+ setup.

At the beginning of using this method, i jump on all the IB, OB, PB as Sho was doing, and i have had loss after loss. I'm not Sho: he practise PA several years ago, and he feels the market as no one, he is the Master Sho.

I'm just a beginner that have a method which suit me, and who knows that he must work hard to master it

It's just my point of view, nothing more

I want to add one thing; you don't have to take ten trade/day to win money.

Just look this example: you have a 10000$ account (i'm happy for you!!!) and you take two trade/day with a 2% risk on each and a 4% TP(R:R=2:1)

Imagine you have 50% hit Tp ratio( so 1 loss and a 1 winner each day). If you let all the dollard wins on your account for trading

-After one day : account= 10200$
-After 2 days: account= 10400$
-After 20 days(one month)=14568$
-After 2 months= 21647$
-After 1 year(240days)= you are more than millionnaire!!!(1136164$)

Just to say that five/six high probability trades each weeks can give you a great great return

Become millionnaire is certainly not as so easy that with Microsoft Excel as i just do it now, but it was simply to sho that it is better(imho) to take only the great great setup rather that scalping all the setup you see on the market

Great pips

wow boubafx very nice answer urself!!!!
and i thought im jamming the thread with my long post...
well said my friend!!

The H1 is very slow , i don't like this TF

NY is closed, and i think the price will not move too much untill sydney open.

I have trail my stop at BE+2, and keep the trade to take my chance for reaching my 2:1 TP just below. I don't see any contertrend setup, it seems to be a consolidate wedge so no reason for me to close the trade (the probability is again with me for the moment).

I just let the market touchedmy BE+2 or full TP, i will see that tomorrow when i will wake up

im very curious about something....
i always read this thread over and over again...its like my homework(for example:this week im reading pages 280-350...) i do it bc i wanna learn from the seniors-expeirenced traders that used to be active here including posts from sho himself.(although the majority of them he deleted)
my favorites are:master sho(obvioslly),rob (price action),buildcity,mjurban,the roper and i hope im not forgetting someone...

does anybody know where they are and why they are not posting here anymore?
i want to believe that they are doing amazingly well and just busy spending their money...

i feel funny when i give advice here since im a newbie myself.
i am doing much better (i would even say great) ever since i started using this method but i still learn myself everyday.
i would have loved to see the old buddies who started this thread joining and posting here even once a week.
i believe i saw mjurban name on the bottom viewing here before...snikky picky...join us..let us know how we are all doing ..

to my active fellows megara,gravi,boubfx i hope u know how much i appriciate ur work.
i look up to each one of u.

1000 pages here we come!!
p.s-if we continue with these long posts we might do it sooner than we thought..)