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Intraday price action trend trading

  • #8,341
  • Oct 3, 2011 4:00am Oct 3, 2011 4:00am
One half at 1:1 and the second part at 2:1.

Beautiful PB on good demand level and fibo confluence.

The momentum is still redso it was the end of corrective for this PB
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 93 KB
Click to Enlarge Name: ej2.jpg Size: 93 KB
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,342
  • Oct 3, 2011 4:04am Oct 3, 2011 4:04am
why did you passed the second trade , can you explain plz , there were many pin bars suggesting strong weakness in shorter bullish trend plus previous resistence and b/w fib retracement plus stoch divergence , suggestion resumption of longer bearish trend.

Quoting boubafx
I try to learn the CT PB. I try to be very conservative with this kind of trade

look the chart
Tough Times Never Last But Tough People Do
  • #8,343
  • Oct 3, 2011 4:08am Oct 3, 2011 4:08am
Quoting Buildcity
A built in function of MT4, just move your mouse pointer to the account history of terminal window, left click (and hold) the E/J symbol (for my case, eg) then slide the pointer to EJ chart and release the botton, you got your whole trade history. Sure you can do so with one simple click / hold and release.
Thanks Buildcity. 2 losing trades with record

1st: GBP/USD short (Entry: H1 supply level + M5 Pin bar but Counter trend )
http://img269.imageshack.us/img269/8...011gbpusd2.gif

2nd: EUR/USD long (Entry: M5 demand level + Outside bar)
http://img510.imageshack.us/img510/4...011eurusd2.gif
  • #8,344
  • Oct 3, 2011 4:19am Oct 3, 2011 4:19am
It looks we are on the same boat mate. lets keep learning
Quoting simplicity
Thanks Buildcity. 2 losing trades with record

1st: GBP/USD short (Entry: H1 supply level + M5 Pin bar but Counter trend )
http://img269.imageshack.us/img269/8...011gbpusd2.gif

2nd: EUR/USD long (Entry: M5 demand level + Outside bar)
http://img510.imageshack.us/img510/4...011eurusd2.gif
Tough Times Never Last But Tough People Do
  • #8,345
  • Oct 3, 2011 4:31am Oct 3, 2011 4:31am
Quoting loog12us
why did you passed the second trade , can you explain plz , there were many pin bars suggesting strong weakness in shorter bullish trend plus previous resistence and b/w fib retracement plus stoch divergence , suggestion resumption of longer bearish trend.
I undrstand what you said.

But for me it's not a good pin. I don'ta say it's a bad idea to take the trade, i just say i don't like this. Maybe severals PB which look like it give good result, i don't know in fact, bcs i avoid this kind of trade.

See my post 8317. I show severals pin as i like it. Look, there is no traffic around (space to the left). It's this kind of PB i trade only. But it's just me, i'm very conservative and learn to be patient. I learn PB on J16 thread, and so i keep his method to recongnize a good trade(for me).

Make what you feel, not what i feel, it's the better way to succeed.
I hear and I forget. I see and I remember. I do and I understand.
  • #8,346
  • Oct 3, 2011 7:19am Oct 3, 2011 7:19am
Quoting jozone1
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...
hello Joe! you are doing great here! ))
here are my thoughts about your chart you posted recently...
i would not enter short , i would be thinking of going long as momentum shifted to upside... i saw lots of wicks(battle between bears and bulls ) and then div. was formed... after all there was the big green candle(momentum) occured... no short ... need more PA there..
Attached Image
  • #8,347
  • Oct 3, 2011 7:19am Oct 3, 2011 7:19am
I missed this one, not enough retrace on PB to take it. I wait the price reach the RN for short, but it didn't. I don't like take the PB at close, too big stoploss. I prefer enter on retrce, unfiortunately 50% of time i miss the trade

Look the Pb, for me is perfect: long noise, no traffic at left.

Lots of confluence: RET62+50, RN, last support, trendline. A high prob setup imho
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 95 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #8,348
  • Oct 3, 2011 7:36am Oct 3, 2011 7:36am
Quoting jozone1
From Feb 11 2011 post 6440



Answers my question on thoughts on the weekly S/R for the AU chart I posted earlier on post 8220.

Momentum exceeds everything. I'm still going through the 1st read of this thread --- there is a lot of valuable additional information to be learned here from all the contributators--but mainly from the originator Sho whose work has opened my eyes ---My sincerest thanks to you all. Joe
I agree with Eric(Buildcity).. i remember we were talking about meaningless of Week,Day S/D areas regarding the M15 trades... Daily(Weekly) S/D area may contain hundreed of pips inside it... it is 3,5 or even more impulsive moves in 15M TF... so should you consider Weekly(Daily) S/D areas when trading 15Min?
  • #8,349
  • Oct 3, 2011 8:15am Oct 3, 2011 8:15am
Quoting Gravi
I agree with Eric(Buildcity).. i remember we were talking about meaningless of Week,Day S/D areas regarding the M15 trades... Daily(Weekly) S/D area may contain hundreed of pips inside it... it is 3,5 or even more impulsive moves in 15M TF... so should you consider Weekly(Daily) S/D areas when trading 15Min?
I also agree the day and contract was A/U 9/22/11 and it dropped almost 200 pips during the London session right through what I thought would be weekly surpoprt. So lesson learned stick to the 15 and the 4 H S/D as it has been presented and reiterated time and again. Many lessons to learn. Also thanks for the vote of confidence.

BoubaFX did you get a new avatar(or did I just notice it now in hindsight like many trades)? --- I like it. Thanks for all the great charts and explanations. They really help a lot. joe
  • #8,350
  • Oct 3, 2011 8:36am Oct 3, 2011 8:36am
Quoting jozone1
I also agree the day and contract was A/U 9/22/11 and it dropped almost 200 pips during the London session right through what I thought would be weekly surpoprt. So lesson learned stick to the 15 and the 4 H S/D as it has been presented and reiterated time and again. Many lessons to learn. Also thanks for the vote of confidence.

BoubaFX did you get a new avatar(or did I just notice it now in hindsight like many trades)? --- I like it. Thanks for all the great charts and explanations. They really help a lot. joe
Hello Joe,

Yes i think that us, traders, we have been all in the same position as this frog a day or another with Forex,.

But we have survived, and we are still here and we fight day after day to take our income in this market.
Attached Image
I hear and I forget. I see and I remember. I do and I understand.
  • #8,351
  • Oct 3, 2011 9:11am Oct 3, 2011 9:11am
First half part at 1,3R just before news and move the rest at BE

Second part at BE when news happen.

RET 62,RET38, RN, trendline, last support confluence and rejected by the little PB
Attached Image (click to enlarge)
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,352
  • Oct 3, 2011 9:27am Oct 3, 2011 9:27am
3rd trade today: GBP/USD short

Entry: M5 supply level, pin bar
http://img98.imageshack.us/img98/397...11gbpusd21.gif

Trail SL
http://img689.imageshack.us/img689/6...11gbpusd22.gif

Stopped at BE
http://img510.imageshack.us/img510/4...11gbpusd23.gif
  • #8,353
  • Oct 3, 2011 9:43am Oct 3, 2011 9:43am
Hey Simpl, we took the same trade!!! I take my profit just before news!!

This one is a loss.

Beautiful pb with confluence, but it failed
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 87 KB
Click to Enlarge Name: gu2.jpg Size: 76 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #8,354
  • Oct 3, 2011 10:48am Oct 3, 2011 10:48am
Result of day:

http://savepic.su/143809m.gif

Last trade:

http://savepic.su/185807m.gif
"To become a pro you have to think like a pro". Sho
  • #8,355
  • Oct 3, 2011 10:54am Oct 3, 2011 10:54am
Took another trade on bull back with pin but agian stopped out with 15 pip s/l , this time on aus/usd , can some body comment where i am doing wrong
Attached Image (click to enlarge)
Click to Enlarge Name: ausdolar.gif Size: 21 KB
Tough Times Never Last But Tough People Do
  • #8,356
  • Oct 3, 2011 10:58am Oct 3, 2011 10:58am
You did long on pound ? i don't understand from your chart , the pin bar is giving short signal??
Quoting Nanitoide
Result of day:

http://savepic.su/143809m.gif

Last trade:

http://savepic.su/185807m.gif
Tough Times Never Last But Tough People Do
  • #8,357
  • Oct 3, 2011 12:04pm Oct 3, 2011 12:04pm
Quoting loog12us
Took another trade on bull back with pin but agian stopped out with 15 pip s/l , this time on aus/usd , can some body comment where i am doing wrong
hi loog12us!!

if u look at ur chart u will see that price is kinda ranging..if u add Kethlner channel u will notice it is flat. if we were in a downtrend than this would have been a good set up but since its ranging u got stopped out.
my 2 cents....
  • #8,358
  • Oct 3, 2011 3:32pm Oct 3, 2011 3:32pm
Quoting Nanitoide
Result of day:

http://savepic.su/143809m.gif

Last trade:

http://savepic.su/185807m.gif
Congratulations Nani, very good results
I hear and I forget. I see and I remember. I do and I understand.
  • #8,359
  • Oct 4, 2011 2:56am Oct 4, 2011 2:56am
hi guys!
anyone here for london session?
  • #8,360
  • Oct 4, 2011 3:04am Oct 4, 2011 3:04am
yeah many i guess but still watching charts for some good setup , market is moving so fast today , waiting for pull back like stuff to enter.
Quoting elliotrader
hi guys!
anyone here for london session?
Tough Times Never Last But Tough People Do
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