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Intraday price action trend trading

  • #8,301
  • Sep 29, 2011 9:57am Sep 29, 2011 9:57am
Quoting kk007
Yes, London, New York, GMT and Local is the same as in my record. Not sure about other place...
Bear in mind that it will be winter time for London and New York a few weeks later!

.
haha, tks mate, we are in the same time zone!! Cheers
  • #8,302
  • Sep 29, 2011 10:10am Sep 29, 2011 10:10am
hi everyone!!
so nice to see everybody here and even the master himself!!

its hoilday time for me so im not trading too much.not yesterday and not today but when i took a glance at my screen earlier i saw this on gpb and decided to take it.
even though there was a big green candle i thought price was having hard time at the supply level so decide to short.
moved my SL=+10...will keep trailing it...
Attached Image (click to enlarge)
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  • #8,303
  • Sep 29, 2011 10:12am Sep 29, 2011 10:12am
Its my late night now, I have a good PDF to read tonight.

Tomorrow is Fri and monthly end, so if you do trade, pls trade in more conservative way.

Good night all
  • #8,304
  • Sep 29, 2011 10:16am Sep 29, 2011 10:16am
out for +34 pips

i suspected price will retrace the big green candle so i tighten my sl and got stopped when 61.8 ret did ended up rejecting price.
Attached Image (click to enlarge)
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  • #8,305
  • Sep 29, 2011 10:19am Sep 29, 2011 10:19am
hi city!!

i am intrested in some new reading metirals..
any chance u can share or recommend anything?
  • #8,306
  • Sep 30, 2011 3:12am Sep 30, 2011 3:12am
As advice by City, i took fast TP today with a R:R of 1:1 bcs last friday of the month

My first trade is taken on the bounce on RET50 and good support turns resitant.

My entry is take on M to try to have the stop the more tight.
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,307
  • Sep 30, 2011 3:17am Sep 30, 2011 3:17am
The second quick trade is an A+ setup, with this Pb on solid s/d level.

Again a 1:1 TP like a thief

Took the entry on the retrace of the pB, and the trade touch my TP on the same bar
Attached Image(s) (click to enlarge)
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,308
  • Sep 30, 2011 5:06am Sep 30, 2011 5:06am
Haha, don't take my advice if the RR is not work for you

Quoting boubafx
The second quick trade is an A+ setup, with this Pb on solid s/d level.

Again a 1:1 TP like a thief

Took the entry on the retrace of the pB, and the trade touch my TP on the same bar
  • #8,309
  • Sep 30, 2011 5:27am Sep 30, 2011 5:27am
Quoting Buildcity
Haha, don't take my advice if the RR is not work for you
Hi City,

Glad to see you here. I have a few losers today!!!

Can you comment why I shouldn't sell for GU early the London session today?

http://www.forexfactory.com/showthre...36210&page=439

The choros system is a "kin" of eohater system. Please give me some advice.

I am completely hopeless now.

cheers,
kk007
  • #8,310
  • Sep 30, 2011 5:42am Sep 30, 2011 5:42am
I'll try later on tonight. Busy at work

PS - play safe on Fri, and even worse in monthly end due to the closing / opening stocks orders.

Quoting kk007
Hi City,

Glad to see you here. I have a few losers today!!!

Can you comment why I shouldn't sell for GU early the London session today?

http://www.forexfactory.com/showthre...36210&page=439

The choros system is a "kin" of eohater system. Please give me some advice.

I am completely hopeless now.

cheers,
kk007
  • #8,311
  • Sep 30, 2011 8:53am Sep 30, 2011 8:53am
Quoting Buildcity
Haha, don't take my advice if the RR is not work for you
Hello city,
no problem with the typhoon for you?
I hear and I forget. I see and I remember. I do and I understand.
  • #8,312
  • Sep 30, 2011 9:32am Sep 30, 2011 9:32am
Quoting boubafx
Hello city,
no problem with the typhoon for you?
Tks mate, every thing under control, but today did alot of rectification works (well, my daily work official duties). So just back to home for an hr. Don't really want to trade today as on monthly & quarterly closed of stocks market, plus fri too.

So you guys trade safe. Protect your capital is the first aim to play this game.

City
  • #8,313
  • Sep 30, 2011 11:52am Sep 30, 2011 11:52am
Hi kk,

Dont really like to comment other system, so pls respect this thread, the main focus is price action trend riding here.

About your top down play in GU, its a kind of supply and demand play, and Sho did mention in his early posts. Though this trade is not trend riding that this thread focusing on, but I do think this short is so aggressive, even you really love to play this kind of CT trade, do control your SL in tigh manner. Next pin bar entry is better.

Sorry that I'm really green on supply and demand plays so can't give you too many advice. Just trade what works for you.

City

Quoting kk007
Hi City,

Glad to see you here. I have a few losers today!!!

Can you comment why I shouldn't sell for GU early the London session today?

http://www.forexfactory.com/showthre...36210&page=439

The choros system is a "kin" of eohater system. Please give me some advice.

I am completely hopeless now.

cheers,
kk007
Attached Image (click to enlarge)
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  • #8,314
  • Sep 30, 2011 11:59am Sep 30, 2011 11:59am
Hi City,

Sorry to have broken the rule of this thread. Will not mention other method again. Just price action.

Your reply does give me some insight about your trading method. Thanks for that!

By the way, do you consider "dead-end" bar as a Price action formation?
And do you rely on it?

cheers,
kk


Quoting Buildcity
Hi kk,

Dont really like to comment other system, so pls respect this thread, the main focus is price action trend riding here.

About your top down play in GU, its a kind of supply and demand play, and Sho did mention in his early posts. Though this trade is not trend riding that this thread focusing on, but I do think this short is so aggressive, even you really love to play this kind of CT trade, do control your SL in tigh manner. Next pin bar entry is better.

Sorry that I'm really green on supply and demand plays so can't give you too many...
  • #8,315
  • Sep 30, 2011 12:09pm Sep 30, 2011 12:09pm
Forgive me I dont know what is dead-end bar


Quoting kk007
Hi City,

Sorry to have broken the rule of this thread. Will not mention other method again. Just price action.

Your reply does give me some insight about your trading method. Thanks for that!

By the way, do you consider "dead-end" bar as a Price action formation?
And do you rely on it?

cheers,
kk
  • #8,316
  • Sep 30, 2011 3:35pm Sep 30, 2011 3:35pm
Quoting kk007
Hi City,

Sorry to have broken the rule of this thread. Will not mention other method again. Just price action.

Your reply does give me some insight about your trading method. Thanks for that!

By the way, do you consider "dead-end" bar as a Price action formation?
And do you rely on it?

cheers,
kk
Hi kk,

City is right, the Pb was the setup to take.

I would have not take it, bcs it's a counter trend, and there is no divergence, so i pass the trade.

But for those who don't care CT, it was a very good entry with lots of confluence.

Look the chart
Attached Image (click to enlarge)
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,317
  • Sep 30, 2011 4:07pm Sep 30, 2011 4:07pm
On this thread, momentum is the first thing we look for.

We use PB, OB and IB, eventually double bottom and double top on corrective move, but don't use dead bar;

I use personnaly only PB with trend, bcs i don't master OB, and IB. IB for me is very difficult, and OB needs big stop.

PB is not a subjective setup. This setup means something if he is in the right place (RET, s/d level) and for me it is the easiest to learn.

See J6 thread to see how a good PB looks like.

On this thread we watch naked chart, bcs it is the best way, imho, to see PA

kk, i give some examples of today's setup that i like

looks the chart. The second PB is less good, the tail is shorter and less protub
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,318
  • Oct 1, 2011 2:15am Oct 1, 2011 2:15am
Hi boubafx,

Thanks a lot for your chart. You guy are very nice to new guest. Just wonder at which stage you are in? Are you still studying or have already achieve consistent trading performance (if you don't mind to tell)?

cheers,
  • #8,319
  • Oct 1, 2011 4:27pm Oct 1, 2011 4:27pm
Quoting kk007
Hi boubafx,

Thanks a lot for your chart. You guy are very nice to new guest. Just wonder at which stage you are in? Are you still studying or have already achieve consistent trading performance (if you don't mind to tell)?

cheers,
Hello kk

I'm still a learner.

I begin to well master the PB, it's the only setup i have more tp than stoploss.

Unlike Sho and City, i have not a good feeling for the market (the sixth sense), and to see if the market shows its hands or not.

I'm discipline and trade with the momentum then corrective and a solid setup (PB).

Without that i have as loss as win.

It's why i decide to master one setup first, and day after day i look for the good PB to feel with time which ones is good and which is not.

I try to learn CT PB, but with CT i have more losses than win.

The only CT PB i take now, is those on RN with RSI div. I learn this kind of CT first to master them.

On this thread, we have all the same guide line: we play with the momentum.

But somebody play severals setup(Gravi, Elliot), others play with channel(Megara), and other like City is trading more on feeling.

See my chart
Attached Image (click to enlarge)
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,320
  • Oct 2, 2011 4:37am Oct 2, 2011 4:37am
Hi all ,

I am a beginner here and i will be joining you here from monday, i will post my charts so the seniors can correct my mistakes , b/w at which time this thread is active , i am reading the thread for a couple of weeks and i guess there are more USA session traders here rather than London session.

B/w i want to know is there any way i can keep this pages updated without refreshing it again and again looking for posts? like in FB or live chat . thanks
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