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Intraday price action trend trading

  • #8,721
  • Nov 17, 2011 5:05pm Nov 17, 2011 5:05pm
bouba always with the logic

good job mate
Have I got something on my face, SOLDIER?
  • #8,722
  • Nov 17, 2011 7:24pm Nov 17, 2011 7:24pm
Quoting boubafx
Very beautiful and clear trade Panda , i like this one: mix of chartism and technical PA.

look the chart
Thanks for the comment, bouba, please keep doing it.

I didn't expect taking too much profit each time coz i mainly focus on quick scalping. But I do analyse the potential RR before putting my triggers.
  • #8,723
  • Nov 18, 2011 2:32am Nov 18, 2011 2:32am
I try this channel play before go sleeping yesterday and close the trade manually this morning at BE just before London open. All can happen at the market open. It's my conservative approach: protect the capital first, profit comes after for me.

We can see that Tokyo and sydney session are very slow!!!!!

BTW, you can see that my TP is already touched after London open but not touched, so no regrets
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,724
  • Nov 18, 2011 3:02am Nov 18, 2011 3:02am
Short tf, +7ticks.

Break out neckline--->pull back to resistance--->tweezer, IB(altough i entered before the tweezer formed).

Same trade as today posted before, price indeed hits my target(yellow line), but i close earlier manully. Never regret! 7 ticks means a lot for scalpers and its already greater than my sl of 5 ticks.

I think scalping is less stressful for me coz I wont able to think of greed.
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  • #8,725
  • Nov 18, 2011 3:05am Nov 18, 2011 3:05am
nice bouba great mindset great thinking process u have
Have I got something on my face, SOLDIER?
  • #8,726
  • Nov 18, 2011 4:40am Nov 18, 2011 4:40am
Quoting PandaBBQ
Short tf, +7ticks.

Break out neckline--->pull back to resistance--->tweezer, IB(altough i entered before the tweezer formed).

Same trade as today posted before, price indeed hits my target(yellow line), but i close earlier manully. Never regret! 7 ticks means a lot for scalpers and its already greater than my sl of 5 ticks.

I think scalping is less stressful for me coz I wont able to think of greed.
Sorry but i don't understand "tweezer"? What is that please?

And could you point your entry with an arrow in order we see correctly your trades. Thanks my friend
I hear and I forget. I see and I remember. I do and I understand.
  • #8,727
  • Nov 18, 2011 4:42am Nov 18, 2011 4:42am
Quoting boubafx
Sorry but i don't understand "tweezer"? What is that please?
tweezer tops and tweezer bottoms is a candlestick formation of similar highs and lows that look like double spinning tops or some shit i forgot.

look it up in google if u want
Have I got something on my face, SOLDIER?
  • #8,728
  • Nov 18, 2011 4:48am Nov 18, 2011 4:48am
Quoting bumapatria
tweezer tops and tweezer bottoms is a candlestick formation of similar highs and lows that look like double spinning tops or some shit i forgot.

look it up in google if u want
Ah Ok, i name that (as i'm first a James16 learner) a DHLC (double high lower close) and DLHC(Double low higher close).

The same thing with two differents language!!!

Maybe the little difference is only tweezer doesn't need to have lower close or higher close. I'ts just double bottom and double top in fact
I hear and I forget. I see and I remember. I do and I understand.
  • #8,729
  • Nov 18, 2011 4:51am Nov 18, 2011 4:51am
Quoting boubafx
Ah Ok, i name that (as i'm first a James16 learner) a DHLC (double high lower close) and DLHC(Double low higher close).

The same thing with two differents language!!!

Maybe the little difference is only tweezer doesn't need to have lower close or higher close. I'ts just double bottom and double top in fact
spot on correct
Have I got something on my face, SOLDIER?
  • #8,730
  • Nov 18, 2011 10:52am Nov 18, 2011 10:52am
i had no enough time to post it yesterday so i do it now
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  • #8,731
  • Nov 18, 2011 11:02am Nov 18, 2011 11:02am
Quoting boubafx
Ah Ok, i name that (as i'm first a James16 learner) a DHLC (double high lower close) and DLHC(Double low higher close).

The same thing with two differents language!!!

Maybe the little difference is only tweezer doesn't need to have lower close or higher close. I'ts just double bottom and double top in fact
Correct, i don't focus on the closed price of these two bars, only highest/lowest price.
  • #8,732
  • Nov 18, 2011 11:10am Nov 18, 2011 11:10am
tweezers.. as i see'em
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  • #8,733
  • Nov 18, 2011 11:39am Nov 18, 2011 11:39am
Short TF +12ticks, i marked the entry by red line.
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  • #8,734
  • Nov 18, 2011 12:00pm Nov 18, 2011 12:00pm
Short TF +10ticks

break out by big bars--->retest--->pin bar
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  • #8,735
  • Nov 18, 2011 12:20pm Nov 18, 2011 12:20pm
Quoting PandaBBQ
Short TF +10ticks

break out by big bars--->retest--->pin bar
Well done Panda. The simplest is the best. just play with momentum and find a good aera to take the trade after a corrective.

i like this simple way to trade

Sho had really opened my eyes with his "momentum exceeds everything"; it's so right
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,736
  • Nov 18, 2011 12:22pm Nov 18, 2011 12:22pm
a classic 50% retracement, support becomes resistance trade. took about few hours ago on aud usd

momentum is bearish, i entered when whipsaw came and was weak, i think it happened due to some sellers stops triggered, and then buyers took profit fast, and causing the pin
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Have I got something on my face, SOLDIER?
  • #8,737
  • Nov 18, 2011 12:25pm Nov 18, 2011 12:25pm
Quoting bumapatria
a classic 50% retracement, support becomes resistance trade. took about few hours ago on aud usd

momentum is bearish, i entered when whipsaw....
i heard very often "Whipsaw", can you please tell me what is it?

Sorry, but English is not my native language
I hear and I forget. I see and I remember. I do and I understand.
  • #8,738
  • Nov 18, 2011 12:27pm Nov 18, 2011 12:27pm
Quoting bumapatria
a classic 50% retracement, support becomes resistance trade. took about few hours ago on aud usd

momentum is bearish, i entered when whipsaw came and was weak, i think it happened due to some sellers stops triggered, and then buyers took profit fast, and causing the pin
Good play Buma. Where was your TP?
I hear and I forget. I see and I remember. I do and I understand.
  • #8,739
  • Nov 18, 2011 7:55pm Nov 18, 2011 7:55pm
Quoting boubafx
Good play Buma. Where was your TP?
at the bottom of the range but i realized weekedn soon so i banked 10.



have great weekedn pa traders!
Have I got something on my face, SOLDIER?
  • #8,740
  • Nov 19, 2011 2:05pm Nov 19, 2011 2:05pm
Quoting boubafx
Well done Panda. The simplest is the best. just play with momentum and find a good aera to take the trade after a corrective.

i like this simple way to trade

Sho had really opened my eyes with his "momentum exceeds everything"; it's so right
Thanks for the comment. It looks simple but not easy, i read the chart almost bar by bar when price nears/enters my potential entry zone(i mean the S&R). However, the great RR is worthy for the hardwork. As u can see my trading style, i cannt tolerant the BIG risk for each trade and poor RR.

Sho's thread is full of wisdom, I suggest u read and re-read over and over, (in fact, thats what Im still doing now) to absorb such wisdom and his experience. For example, as a scalper like me, I pay a lot attention to study where he put his triggers on the entry bar(open price of entry bar, pull back of signal bar,etc), and what clues he can get from fomer bars. Like he said for day trading, we may see bull mkt before a bar opens, and may see bear starts after a bar closed (such important bar usually occur near S&R or S&D).

Anyway, lot of thing to learn. Its easy to see price action on hindsight charts but have to spend lots of screentime to manipulate on real-time charts. Thats the homework you and I have to do by ourselves.
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