Intraday price action trend trading | Page 411 | 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

  • #8,201
  • Sep 19, 2011 11:29am Sep 19, 2011 11:29am
Some days before Megara talked about how he trades with CT trade (not Sho's usual way), so to demo. Megara would probable go for this.

Just a small scalping trade, but good for 10+ pips if you are not greedy.

Caught some
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011-09-20_0009.png Size: 25 KB
Click to Enlarge Name: 2011-09-20_0012.png Size: 51 KB
  • #8,202
  • Sep 19, 2011 3:17pm Sep 19, 2011 3:17pm
Quoting boubafx
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...
Hi Bouba!
IB is a corrective move(on smaller TF's... IB on H4 is triangle or wedge on smaller TF's(1H,30M e.t.c)...corrective move)... in the Richie's chart the second IB was a signal that correction had gonna be finished and agressive player could enter long on close of that IB...
  • #8,203
  • Sep 20, 2011 4:25am Sep 20, 2011 4:25am
I took these 2 trades. Long EU close to the 50 % retrace and pullback to the Kelt mid line. Shorp USDCHF for the same reason. Probably not too smart because of news (had 10 pip stops in place), worked out this time.

Am I here at the wrong hours, doesn't seem like anyone is around during London session lately?

Also what are the preferred NY session hours? I've been watching and it seems like 7 to 12 NY time has been the most active. But then again I've only been watching for a couple of weeks so not enough screen time for a proper assesment.

Thanks Joe
Attached Images
  • #8,204
  • Sep 20, 2011 4:25am Sep 20, 2011 4:25am
Quoting loog12us
i have just started to follow this trading method , my couple of days trading on this method was really amazing , but today is going my bad day , all my stops are being hit , i am trading on 5 mins chart , any body else trading on 5 mins ? and how effective it is today?
the basic method is m15 chart and it works very god
i tried the m5 like sho showed us in the video but i lost a lot of trades , holding the bad entries to long .
i think it is much easyer to trade the m15

P:S:
i also trade m5 cahrts but on a different account with different set-up like Nice Guy and System II
  • #8,205
  • Sep 20, 2011 7:30am Sep 20, 2011 7:30am
hi joe!!!

ny session hours are 9.30 ET -4.00pm ET.

if im up for london session than i will trade from 4am ET-11.30 am ET(london close) with a break when its london lunch time.

this thread used to be much more active than what it has been lately especially during london session with me being lonely here during the NY session.
not sure where is everybody....(but it s nice to see buildcity and mjurban here....)

have a great day !!!lets find some set-ups....
  • #8,206
  • Sep 20, 2011 8:48am Sep 20, 2011 8:48am
took this one on the swissie.
got in a lit bit late as i was looking at a different chart but when i saw this set up i couldnt resist it even though my entry should of been about 5 pips earlier.
SL=BE+7...will see if it can continue dropping...
Attached Image (click to enlarge)
Click to Enlarge Name: SF209.jpg Size: 101 KB
  • #8,207
  • Sep 20, 2011 10:14am Sep 20, 2011 10:14am
took an agrresive entry on the Swiss.
entered long on the break of triangle.

now,its defently against momentum so im not sure if i played it right.
should i only take a brkut to the downside or its legit to take a long trade since the triangle did end up brking to the upside?


Gravi since u are really good with this type of set up would u mind to comment...?

i already moved my SL=BE+2 so its free trade for now.
Attached Image (click to enlarge)
Click to Enlarge Name: SF2209.jpg Size: 196 KB
  • #8,208
  • Sep 20, 2011 10:31am Sep 20, 2011 10:31am
so i got stooped out for +2.

now i would like to share my thoughts and would like any comments.
1-if this 15 min bar retest the upper triangle line and close as a PB we can go long with a SL below that bar

2-we might just had a 50%retracement(the bar marked with red arrow) of the downtrend and if this bar doen't close as a PB we might retest the lows.

i will not take any position since its london closing time but would like a feedback on my thoughts...
Attached Image (click to enlarge)
Click to Enlarge Name: SF3209.jpg Size: 106 KB
  • #8,209
  • Sep 20, 2011 11:49am Sep 20, 2011 11:49am
my biggest catch of the day

its on corn market.

i used a 1.min chart to enter tho.(my first time)..

i consider momentum to be down so iwas looking to short.
after price broke support i enter on the PB which also form a pin bar on 1 min chart.
i was aiming for the gap fill(yellow line) with potential for bigger drop..
Attached Image (click to enlarge)
Click to Enlarge Name: CORN209.jpg Size: 107 KB
  • #8,210
  • Sep 20, 2011 11:55am Sep 20, 2011 11:55am
got out half at tg1-yellow line for 16pips...moved sl=be+1 on the remaing position.
  • #8,211
  • Sep 20, 2011 12:04pm Sep 20, 2011 12:04pm
still in it...
will keep trailing my SL to lock more profit ..
waiting for a wooshhh to the downside...hopefully....
anyway,its a profitable trade already.
Attached Image (click to enlarge)
Click to Enlarge Name: C.jpg Size: 105 KB
  • #8,212
  • Sep 20, 2011 12:06pm Sep 20, 2011 12:06pm
just noticed this divergence forming...tighting my SL as im posting
  • #8,213
  • Sep 20, 2011 12:08pm Sep 20, 2011 12:08pm
Quoting elliotrader
took an agrresive entry on the Swiss.
entered long on the break of triangle.

now,its defently against momentum so im not sure if i played it right.
should i only take a brkut to the downside or its legit to take a long trade since the triangle did end up brking to the upside?


Gravi since u are really good with this type of set up would u mind to comment...?

i already moved my SL=BE+2 so its free trade for now.
i think that wedge(or triangle ) BO play was good... look at that big red candles,i think it was an exhaustion so it would be possible change of momentum to the upside and the BO just confirmed that..
ps there were hidden bullish div. as well
  • #8,214
  • Sep 20, 2011 12:13pm Sep 20, 2011 12:13pm
thx gravi!!!

how have u been?any good trades lately or u still on vacation mode?
  • #8,215
  • Sep 20, 2011 12:32pm Sep 20, 2011 12:32pm
Quoting elliotrader
my biggest catch of the day

its on corn market.

i used a 1.min chart to enter tho.(my first time)..

i consider momentum to be down so iwas looking to short.
after price broke support i enter on the PB which also form a pin bar on 1 min chart.
i was aiming for the gap fill(yellow line) with potential for bigger drop..
CORN!!!! Elliotrader you rock!!
  • #8,216
  • Sep 20, 2011 12:35pm Sep 20, 2011 12:35pm
yep corn...i really like this market...
and if u catch the right direction it tends to trend really well...!
im still in my trade btw...my sl hasn't hitten yet nor my targets...
im waiting for my whooooosh..
  • #8,217
  • Sep 20, 2011 12:48pm Sep 20, 2011 12:48pm
my sl was hit for 12 pips(3 points)...im happy...
Attached Image (click to enlarge)
Click to Enlarge Name: C4.jpg Size: 116 KB
  • #8,218
  • Sep 20, 2011 1:42pm Sep 20, 2011 1:42pm
Quoting elliotrader
thx gravi!!!

how have u been?any good trades lately or u still on vacation mode?
i'm ok.. thanx!... just trying to get out from that mode i hope i will do it quickly
  • #8,219
  • Sep 21, 2011 4:22am Sep 21, 2011 4:22am
Sitting on the sidelines mainly. Not sure if this is a valid PB setup -- I was thinking more of an indecision bar after a strong up momentum bar. but it did touch the Kelt and the general momentum was down. So sit, watch and see how it plays out.

I have a tough time knowing how to trade this type of setup ( unlike any other type --- ha) because so many waves -- I count 7 in that 1 move alone so I don't really read it clearly or know how to trade it.

I'm thinking all in all relatively tight range so who knows --- thats the problem -- I'm thinking!!
Attached Image
  • #8,220
  • Sep 22, 2011 3:29am Sep 22, 2011 3:29am
I was thinking of shorting AU but right on a long term weekly surport so I'll sit and watch to see how it plays out.
Attached Image (click to enlarge)
Click to Enlarge Name: 9 22 11 B.jpg Size: 129 KB
Attached Image
0 traders viewing now