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Intraday price action trend trading

  • #8,581
  • Oct 26, 2011 10:28am Oct 26, 2011 10:28am
Quoting Gravi
regarding your cad exit.. Sho would say you haven't listened to market.. what it's telling you that last biig bar ( comparing to others) looked like an exhaustion... and closed with long leg(wick) showing bears were taking there profit... but i dunno what rules of exit do you use... i have the same issues when exiting
You are right Gravi. Market is always right. My exit is not good and need to be improved more and more. I firstly focus on entry and then manage the trade effectively. IMO, the road of successful trader is as below:
Big Loser -> Small loser -> Breakeven one -> Winner
I am becoming breakeven trader. Hope that the next target (winner) is not too far
  • #8,582
  • Oct 26, 2011 11:06am Oct 26, 2011 11:06am
Beautiful PB: first part at 2:1 RR and the second with trailing stop (see on the chart).
Attached Image (click to enlarge)
Click to Enlarge Name: uc.jpg Size: 80 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #8,583
  • Oct 26, 2011 11:28am Oct 26, 2011 11:28am
Quoting boubafx
Beautiful PB: first part at 2:1 RR and the second with trailing stop (see on the chart).
looks like it is CT... current momentum was green...
  • #8,584
  • Oct 26, 2011 11:33am Oct 26, 2011 11:33am
Long UC on demand level and TL.

Buy at break of Ilittle red IB.

TP 2:1, bcs red momentum not very big
Attached Image (click to enlarge)
Click to Enlarge Name: uc.jpg Size: 74 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #8,585
  • Oct 26, 2011 11:40am Oct 26, 2011 11:40am
I missed this OB for a short on a good level

I have a good feeling for EC today!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: uc.jpg Size: 79 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #8,586
  • Oct 26, 2011 11:52am Oct 26, 2011 11:52am
Hello, guys!

The first trade, gbp/usd. The result: -7.5 pips.

http://savepic.su/491374m.gif

eur/usd. The initial stop 11 pips. Result: breakeven, + 1 pip.

http://savepic.su/483182m.gif

gbp/usd. Break trendline. The initial stop 24 pips (my maximum stop 25 pips).

http://savepic.su/472942m.gif

aud/usd. The initial stop 8 pips.

http://savepic.su/464750m.gif

The last trade today.
aud/usd. The initial stop 15 pips.

http://savepic.su/523105m.gif
"To become a pro you have to think like a pro". Sho
  • #8,587
  • Oct 26, 2011 11:59am Oct 26, 2011 11:59am
Quoting Nanitoide
Hello, guys!

The first trade, gbp/usd. The result: -7.5 pips.



eur/usd. The initial stop 11 pips. Result: breakeven, + 1 pip.



gbp/usd. Break trendline. The initial stop 24 pips (my maximum stop 25 pips).



aud/usd. The initial stop 8 pips.



The last trade today.
aud/usd. The initial stop 15 pips.
Good play and great results Nan i
I hear and I forget. I see and I remember. I do and I understand.
  • #8,588
  • Oct 26, 2011 12:11pm Oct 26, 2011 12:11pm
GBP/USD, Daily. Did you see this?
Imho. It was "A++".

http://savepic.su/486265m.gif
"To become a pro you have to think like a pro". Sho
  • #8,589
  • Oct 26, 2011 12:15pm Oct 26, 2011 12:15pm
Quoting boubafx
Good play and great results Nani
Thank you, boubafx!
I am still learning.
"To become a pro you have to think like a pro". Sho
  • #8,590
  • Oct 26, 2011 12:28pm Oct 26, 2011 12:28pm
hi guys!
nice trades all...
i feel very rusty comparing to all of you..lol...

only took 1 aud trade for +28...(not using sho method act just simple supply- demand)..

i quit early and went to do some reading instead...(had 2 lose on s&p pretty early in NY session)
i was just not feeling like im reading the markets well ..better to close my platform and educate myself by reading your posts..

great job!!

btw,is there a set time for any announcement to be released from this euro summit meeting?
  • #8,591
  • Oct 26, 2011 12:31pm Oct 26, 2011 12:31pm
Hi, Do you guys follow different money management and trade management rules on the 5 min and the 4 H? Thanks Joe
  • #8,592
  • Oct 26, 2011 12:40pm Oct 26, 2011 12:40pm
i suppose it might go lower after touching the broken NL..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chf2.gif Size: 29 KB
Click to Enlarge Name: chf2_1.gif Size: 32 KB
  • #8,593
  • Oct 26, 2011 12:56pm Oct 26, 2011 12:56pm
Quoting Nanitoide
GBP/USD, Daily. Did you see this?
Imho. It was "A++".

http://savepic.su/486265m.gif
yes! that was an A++(middle keltner,50 fibo,support/resistance).. but signal bar was the bearish doji(2 bars before the bar you indicated)
  • #8,594
  • Oct 27, 2011 3:04am Oct 27, 2011 3:04am
Quoting jozone1
Hi, Do you guys follow different money management and trade management rules on the 5 min and the 4 H? Thanks Joe
Hi Jozone1,

I know exactly how many pips can I lose in higher time frame (30m and above), so I use fix % risk and calculate lot size appropriately.
M5 is so quick so I use fix lot size for each currency pair combine with maximum pip loss.

% Risk is personal choice. IMO, if you are trying to breakeven or worse you shouldn't risk more than 0.5% of your account. Just learning first, you can increase your bet later. If you are profitable trader, your can use 2-5% or more but no more than 10% of your account.
  • #8,595
  • Oct 27, 2011 3:35am Oct 27, 2011 3:35am
Quoting Gravi
i suppose it might go lower after touching the broken NL..
just fallen down from 8857... nice move after retest NL
  • #8,596
  • Oct 27, 2011 7:31am Oct 27, 2011 7:31am
Quoting simplicity
Hi Jozone1,

I know exactly how many pips can I lose in higher time frame (30m and above), so I use fix % risk and calculate lot size appropriately.
M5 is so quick so I use fix lot size for each currency pair combine with maximum pip loss.

% Risk is personal choice. IMO, if you are trying to breakeven or worse you shouldn't risk more than 0.5% of your account. Just learning first, you can increase your bet later. If you are profitable trader, your can use 2-5% or more but no more than 10% of your account.
Thanks Simplicity!!!
  • #8,597
  • Oct 27, 2011 8:09am Oct 27, 2011 8:09am
Agreed mate , but i think 10% is too much even for a mature profitable trader.
Quoting simplicity
Hi Jozone1,

I know exactly how many pips can I lose in higher time frame (30m and above), so I use fix % risk and calculate lot size appropriately.
M5 is so quick so I use fix lot size for each currency pair combine with maximum pip loss.

% Risk is personal choice. IMO, if you are trying to breakeven or worse you shouldn't risk more than 0.5% of your account. Just learning first, you can increase your bet later. If you are profitable trader, your can use 2-5% or more but no more than 10% of your account.
Tough Times Never Last But Tough People Do
  • #8,598
  • Oct 27, 2011 8:14am Oct 27, 2011 8:14am
How do you play doji bar ? , i mean what are the rules for doji play

Quoting Gravi
yes! that was an A++(middle keltner,50 fibo,support/resistance).. but signal bar was the bearish doji(2 bars before the bar you indicated)
Tough Times Never Last But Tough People Do
  • #8,599
  • Oct 27, 2011 8:44am Oct 27, 2011 8:44am
Quoting loog12us
How do you play doji bar ? , i mean what are the rules for doji play
For me the doji is an indecision bar, so be careful with this pattern.

Personnally i don't play this setup
I hear and I forget. I see and I remember. I do and I understand.
  • #8,600
  • Oct 27, 2011 10:27am Oct 27, 2011 10:27am
yeah i do the same , but i wanna know how he pointed doji as A+
Quoting boubafx
For me the doji is an indecision bar, so be careful with this pattern.

Personnally i don't play this setup
Tough Times Never Last But Tough People Do
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