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Intraday price action trend trading

  • #8,621
  • Nov 2, 2011 10:57am Nov 2, 2011 10:57am
The retest of the TL and the pivot, always on M1. Very clear chart

Great PB with div and confluence
Attached Image (click to enlarge)
Click to Enlarge Name: uc.jpg Size: 97 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #8,622
  • Nov 2, 2011 11:15am Nov 2, 2011 11:15am
Quoting boubafx
Sorry, i don't know what is wolfwave line and LTL channel; could you explain?
wolfwave technical target as in chart is my intraday wave count (w1-w5) Draw from end of w1(1.6100) to end of w4(1.6089). http://www.investopedia.com/terms/w/...#axzz1cZ5kSVqv

Lower trend line of channel retest also seems just like a bear flag/ wedges. (From 06 Oct low to 28 Oct high)
  • #8,623
  • Nov 2, 2011 11:38am Nov 2, 2011 11:38am
Good entry (imho), but the 17H32 US news killed me.

Forget that this news come at this hour
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,624
  • Nov 2, 2011 3:26pm Nov 2, 2011 3:26pm
An agressive entry with confluence of TL, pivot and RET38 of the move.

Took a big stoploss and only a 1.5 RR bcs agressive entry
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 94 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #8,625
  • Nov 3, 2011 3:41am Nov 3, 2011 3:41am
USD/CHF Nice momentum change and then a signal with doji but I didn't take the trade (Don't want to take the 1st swing down trend). If I had taken the trade I would stopped out. And then there was a big red bar. I am not sure whether it was stop hunting or not? Do you guys have any comments?

http://img412.imageshack.us/img412/5995/stophunting.gif
  • #8,626
  • Nov 3, 2011 4:23am Nov 3, 2011 4:23am
Quoting simplicity
USD/CHF Nice momentum change and then a signal with doji but I didn't take the trade (Don't want to take the 1st swing down trend). If I had taken the trade I would stopped out. And then there was a big red bar. I am not sure whether it was stop hunting or not? Do you guys have any comments?

http://img412.imageshack.us/img412/5995/stophunting.gif
it is almost impossible to catch a move on m15 chart theese days. S
So i also trade the m5 for entry . but for sl or exit i look at m15 , not m5

In your case , there would have been entry 76 Sl at least 10 pips, better 15 Pips
The high on m15 was 79 (Oanda Broker)
  • #8,627
  • Nov 3, 2011 5:01am Nov 3, 2011 5:01am
Quoting MJurban
it is almost impossible to catch a move on m15 chart theese days. S
So i also trade the m5 for entry . but for sl or exit i look at m15 , not m5

In your case , there would have been entry 76 Sl at least 10 pips, better 15 Pips
The high on m15 was 79 (Oanda Broker)
Thanks MJ,
I'm very aggressive with my SL. I personally like to put SL base on technical chart (1pip above or below signal bar). IMO, there is not any reason to put X or Y pips SL.
  • #8,628
  • Nov 3, 2011 7:55am Nov 3, 2011 7:55am
Quoting simplicity
Thanks MJ,
I'm very aggressive with my SL. I personally like to put SL base on technical chart (1pip above or below signal bar). IMO, there is not any reason to put X or Y pips SL.
very interisting.
I found out, there are 2 ways to place a SL
as tight as possible like yours 1pip or with a comfortable spread like 2 or 3 pips above/under last significat High/Low (Fractal)
I use both, and i do not know wich one is better.
Sometimes this and sometimes that
  • #8,629
  • Nov 4, 2011 4:15am Nov 4, 2011 4:15am
GBP/JPY short

Entry: Outside bar
http://img18.imageshack.us/img18/9630/041111gbpjpy1.gif

Slow momentum -> Get out at BE
http://img715.imageshack.us/img715/8...111gbpjpy2.gif
  • #8,630
  • Nov 4, 2011 4:38am Nov 4, 2011 4:38am
2/3 position at RR2 TP (see on my chart) , and the other 1/3 stopped out
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 68 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #8,631
  • Nov 4, 2011 4:59am Nov 4, 2011 4:59am
USD/CAD short

Entry: pin bar
http://img838.imageshack.us/img838/1...111usdcad1.gif


Stopped: -6p
http://img215.imageshack.us/img215/3...111usdcad2.gif
  • #8,632
  • Nov 4, 2011 5:00am Nov 4, 2011 5:00am
GU again in CT.

2/3 position at RR1 TP (see on my chart) , and the other 1/3 at BE
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 74 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #8,633
  • Nov 4, 2011 5:29am Nov 4, 2011 5:29am
Good job bouba
  • #8,634
  • Nov 4, 2011 5:39am Nov 4, 2011 5:39am
Quoting simplicity
Good job bouba
Thank you

I will try now to learn to keep 1/3 my position run.
I hear and I forget. I see and I remember. I do and I understand.
  • #8,635
  • Nov 5, 2011 4:15pm Nov 5, 2011 4:15pm
Quoting boubafx
Thank you

I will try now to learn to keep 1/3 my position run.

hey Bouba! what kind of setups do you use for last lime? i'm confused while looking at your charts you have posted last time
  • #8,636
  • Edited 7:28pm Nov 5, 2011 6:52pm | Edited 7:28pm
Quoting Gravi
hey Bouba! what kind of setups do you use for last lime? i'm confused while looking at your charts you have posted last time
Hi Gravi, my friend. Happy that you comment my trade, it's always useful to give us explanation and advice

The first setup (post 8631) i expected a rejet of RET38 and s/d leve blue aera, bcs price fall down fastly after touch of blue aera suppply; i sold on the return of the 38,2 line. Look the M1 chart, i sold after the red engulfing, for me it was the sign of the reject.


I killed the 2/3 of my position trade a little before TL and demand level (at RR1.5). The rest (1/3 of the position) was a stop loss placed just above my M15 entry bar(the green PB on M15). So i have a good gain on this trade but not complete.

Look my two chart for explanation of my thought
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 99 KB
Click to Enlarge Name: gu1.jpg Size: 83 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #8,637
  • Nov 5, 2011 7:42pm Nov 5, 2011 7:42pm
The second setup (post 8633) are the Red PB. I sell on the retrace of the red PB on M5. I have a more accurate entry on the M1 after the red PB.

i killed 2/3 position at TP(a little more 1.5RR) and the 1/3 last is a stoploss. So a no complete gain but a good win.

See my charts
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 103 KB
Click to Enlarge Name: gu1.jpg Size: 104 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #8,638
  • Nov 6, 2011 5:05am Nov 6, 2011 5:05am
Quoting boubafx
Hi Gravi, my friend. Happy that you comment my trade, it's always useful to give us explanation and advice

The first setup (post 8631) i expected a rejet of RET38 and s/d leve blue aera, bcs price fall down fastly after touch of blue aera suppply; i sold on the return of the 38,2 line. Look the M1 chart, i sold after the red engulfing, for me it was the sign of the reject.


I killed the 2/3 of my position trade a little before TL and demand level (at RR1.5). The rest (1/3 of the position) was a stop loss placed just above my M15 entry...
m5.. m1.. brrrr.. it's too fast for me
looking at your first chart i can't spot any definite momentum(too chopy for me)..but blue level area was good..
  • #8,639
  • Nov 6, 2011 5:09am Nov 6, 2011 5:09am
Quoting boubafx
The second setup (post 8633) are the Red PB. I sell on the retrace of the red PB on M5. I have a more accurate entry on the M1 after the red PB.

i killed 2/3 position at TP(a little more 1.5RR) and the 1/3 last is a stoploss. So a no complete gain but a good win.

See my charts
i see the green momentum before that pin you took... so i wouldn't short there
  • #8,640
  • Nov 7, 2011 2:00am Nov 7, 2011 2:00am
Quoting boubafx
Hi Gravi, my friend. Happy that you comment my trade, it's always useful to give us explanation and advice

The first setup (post 8631) i expected a rejet of RET38 and s/d leve blue aera, bcs price fall down fastly after touch of blue aera suppply; i sold on the return of the 38,2 line. Look the M1 chart, i sold after the red engulfing, for me it was the sign of the reject.

Look my two chart for explanation of my thought
Thanks for your explanation. I agree with you that M1 red engulfing was a signal for short but I wonder where was your SL?

Keep this winning guy
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