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Intraday price action trend trading

  • #8,661
  • Nov 8, 2011 9:46am Nov 8, 2011 9:46am
Quoting Nanitoide
Hello!

Today. GBP/USD it was "1-2-3 Breakout! Pattern - http://www.forexfactory.com/showpost...ostcount=11820" (Billy Ray Valentine)
Risk 12 pips. Target 40. Result: +40 pips.



E/U Setup "A+". Risk 13 pips. Target 15 pips. Result +12.5 pips.



p.s. Sorry, but I can not comment. I do not know English...
I love this one Nani, 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.
  • #8,662
  • Edited 10:15am Nov 8, 2011 10:02am | Edited 10:15am
Quoting jozone1
Next 2 trades were in usdjpy entered. 1st was a nice PB but right after 2 green momentum bars it was only 38% retrace on. Risked 6 to make 12 and stopped out. 2nd entry short on direction change on the 5 and 50% retrace on the 15. risg 7.5 to make 15 --- market really slowed so I scratched it --- it was good for 10 pip max.
Jo, look the chart. Just my thought
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.
  • #8,663
  • Nov 8, 2011 10:45am Nov 8, 2011 10:45am
Quoting boubafx
I love this one Nani, look the chart
nice analisys Bouba! i love that ones too
  • #8,664
  • Nov 8, 2011 10:46am Nov 8, 2011 10:46am
Quoting elliotrader
hi guys!!!
thought to stop by and say hello to some of my old friends here.
im sorry i havent posted here in a while. im currently trading supplydemand and havent had too many setups on 15 min that worth posting here since i dont believe they are relevant to this thread.
if i do have some in the future will def share them here.

boubafx,gravi,joe,simplicity and all the rest u guys rok!!!
wish u all the best!!!
green pips!!!!
hey Elli!! we miss you too!
hope you back soon..
  • #8,665
  • Nov 8, 2011 10:56am Nov 8, 2011 10:56am
Quoting boubafx
Jo, look the chart. Just my thought
Thanks BoubaFX. Yes I missed that completely. I have changed charts around and my trade approach. So I have moved a few knotches back in some areas but made some improvement in others. This is a tough journey with many twists and turns and I don't want to be making excuses when hard work is instead the answer. I really do appreciate all the help and advise along the way and I definately have a ways to go. Joe
  • #8,666
  • Nov 8, 2011 11:19am Nov 8, 2011 11:19am
Quoting boubafx
I took the trade on the TL, bcs lots of confluence. Nice reaction

2/3 position at TP1 (look the chart), the 1/3 rest is at BE with 1.6100 TP2

I'm right, the momentum is red on M5, but is green on H1 and the overall trend on M5 is up, so i took the trade
The last 1/3 position touched the TP2
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,667
  • Nov 8, 2011 12:59pm Nov 8, 2011 12:59pm
My thought on uj
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,668
  • Nov 9, 2011 12:20am Nov 9, 2011 12:20am
GBP/USD short

Entry: inside bar
http://img854.imageshack.us/img854/4...11gbpusd11.gif

Stopped -9p
http://img11.imageshack.us/img11/426...11gbpusd12.gif
  • #8,669
  • Nov 9, 2011 12:27am Nov 9, 2011 12:27am
GBP/USD short again

Entry: outside bar, and stop hunting?
http://img84.imageshack.us/img84/914...11gbpusd21.gif

and stopped again:-10p
http://img37.imageshack.us/img37/765...11gbpusd22.gif

2 losses in a row. I'll stop today trading if there is one more loss
Good luck guy. I don't want anyone like me here
  • #8,670
  • Nov 9, 2011 6:53am Nov 9, 2011 6:53am
I take this channel trade, but not very confidant bcs not other confluence. I don't like to play like this, not enough confluence for me, and too dangerous for me.

It's with the big down trade so the odds is in my favor, but price could go a litttle higher the up TL and take my stop. not a good trade bcs i don't wait for a good setup.

The good entry is the break of the IB where i entry imho

I moved the stop to BE very fastly and closed the trade just before the TL and demand, and it's a winner
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,671
  • Nov 9, 2011 7:25am Nov 9, 2011 7:25am
Quoting boubafx
I take this channel trade, but not very confidant bcs not other confluence. I don't like to play like this, not enough confluence for me, and too dangerous for me.

It's with the big down trade so the odds is in my favor, but price could go a litttle higher the up TL and take my stop. not a good trade bcs i don't wait for a good setup.

The good entry is the break of the IB where i entry imho

I moved the stop to BE very fastly and closed the trade just before the TL and demand, and it's a winner
I agree it is tough after a big move overnight and getting in after many waves but momentum is still in your favor. Also and mainly, thank you for the voucher I am deeply honored. Joe
  • #8,672
  • Nov 9, 2011 7:45am Nov 9, 2011 7:45am
EU

Avoid to short in a HTF demand level or take your profit fastly
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,673
  • Nov 9, 2011 7:55am Nov 9, 2011 7:55am
I was thinking similarly with GBPUSD --- I saw this short setup but I didn't take it because it was close to a demand area ont the 4H and has had a long move so I was looking for the reaction to see it if would reverse here.
Attached Images
  • #8,674
  • Nov 9, 2011 8:00am Nov 9, 2011 8:00am
Quoting jozone1
I was thinking similarly with GBPUSD --- I saw this short setup but I didn't take it because it was close to a demand area ont the 4H and has had a long move so I was looking for the reaction to see it if would reverse here.
I don't say that short couldn't be a winner in a demand aera, i just say that it reduces the chances of success of a short, so i prefer avoid it
I hear and I forget. I see and I remember. I do and I understand.
  • #8,675
  • Nov 9, 2011 8:19am Nov 9, 2011 8:19am
I don't take the trade, but as i see it
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,676
  • Nov 9, 2011 10:58am Nov 9, 2011 10:58am
Quoting jozone1
Next 2 trades were in usdjpy entered. 1st was a nice PB but right after 2 green momentum bars it was only 38% retrace on. Risked 6 to make 12 and stopped out. 2nd entry short on direction change on the 5 and 50% retrace on the 15. risg 7.5 to make 15 --- market really slowed so I scratched it --- it was good for 10 pip max.
hi Jo! pls look at the chart..
Attached Image
  • #8,677
  • Nov 9, 2011 11:05am Nov 9, 2011 11:05am
Quoting Gravi
hi Jo! pls look at the chart..
Great Gravi, momentum exceeds everything!!!!!!!!!!!!!
I hear and I forget. I see and I remember. I do and I understand.
  • #8,678
  • Nov 9, 2011 11:14am Nov 9, 2011 11:14am
Quoting boubafx
I take this channel trade, but not very confidant bcs not other confluence. I don't like to play like this, not enough confluence for me, and too dangerous for me.

It's with the big down trade so the odds is in my favor, but price could go a litttle higher the up TL and take my stop. not a good trade bcs i don't wait for a good setup.

The good entry is the break of the IB where i entry imho

I moved the stop to BE very fastly and closed the trade just before the TL and demand, and it's a winner
hey Bouba! that was the nice trade!!! congrats! just look at the chart i attached..
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  • #8,679
  • Nov 9, 2011 11:31am Nov 9, 2011 11:31am
Quoting Gravi
hi Jo! pls look at the chart..
Gravi you are absolutely right. I totally misread the play --- I saw the PB and overlooked the obvious. The buyers were taking control and the 15 min chart showed the same and it was only a 38% retrade on a big green buy bar with no price action confirmation.

Still have much work to do and have to train the eyes better. I just changed my approach, chart time frame and times I actually trade and that has thrown me off my game (what little game I so far have). Hopefully these changes will be for the better. Joe
  • #8,680
  • Edited 1:34pm Nov 9, 2011 1:07pm | Edited 1:34pm
Quoting Gravi
hi Jo! pls look at the chart..
Joe, i want to add my point of view after the excellent comments of Gravi for your yesterday UJ trade.

See the charts
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.
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