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Intraday price action trend trading

  • #8,921
  • Dec 5, 2011 6:42am Dec 5, 2011 6:42am
Quoting xcasper
So I see a variety of charts on this thread, but I am curious. What is the most common time frame for intraday price action trading? 5m? 15m? 30m?
with Sho's method 15M is the most appropriate, because the risk is less. but bigger TM works too if you have more patience to wait for a nice setup.
As Above, So Below
  • #8,922
  • Dec 5, 2011 7:22am Dec 5, 2011 7:22am
Quoting tashkent
with Sho's method 15M is the most appropriate, because the risk is less. but bigger TM works too if you have more patience to wait for a nice setup.
Ah ok. I am going to watch those videos and see how his method works. I am always up for learning new things.
  • #8,923
  • Dec 5, 2011 8:06am Dec 5, 2011 8:06am
Really boring in forex, go for a mini play on Gold.

Entry on bottom support with 2 legs, higher low. Almost killed but finally done.
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  • #8,924
  • Dec 5, 2011 8:43am Dec 5, 2011 8:43am
Shit, GU moved alot but GJ just kept behind!!

- UJ moved south, slow down the GJ moving!!
- GU rised up to r/n nearly and upper demand level,

Better keep this small 11
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  • #8,925
  • Dec 5, 2011 8:50am Dec 5, 2011 8:50am
Quoting Buildcity
Shit, GU moved alot but GJ just kept behind!!

- UJ moved south, slow down the GJ moving!!
- GU rised up to r/n nearly and upper demand level,

Better keep this small 11
Should be GU supply level
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  • #8,926
  • Dec 5, 2011 8:56am Dec 5, 2011 8:56am
Quoting Buildcity
Really boring in forex, go for a mini play on Gold.

Entry on bottom support with 2 legs, higher low. Almost killed but finally done.
What a great demand level !!
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  • #8,927
  • Dec 5, 2011 9:19am Dec 5, 2011 9:19am
I took twice this great zone, and have two BE unfortunately. I followed my plan, so no regrets

Nothing for today
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,928
  • Dec 5, 2011 9:27am Dec 5, 2011 9:27am
hi boubfx!

took the same euro trade like u.
tried a short from supply.got in after bearish engulf.
was able to scalp 6pips...
my tp was shy 2 pips from getting hit for +17 but instead my trailing stop was hit for +6.
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  • #8,929
  • Dec 5, 2011 9:37am Dec 5, 2011 9:37am
Quoting elliotrader
hi boubfx!

took the same euro trade like u.
tried a short from supply.got in after bearish engulf.
was able to scalp 6pips...
my tp was shy 2 pips from getting hit for +17 but instead my trailing stop was hit for +6.
I was 19 pips up!!! but rules are rules

Very good aera imho. I moved my stop fastly at BE, bcs big green momentum and i don't like fight against this king.
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,930
  • Dec 5, 2011 10:22am Dec 5, 2011 10:22am
another try on euro short.
bearish engulf,tl break...lets see
trailed sl=be+2 already.....
same tp as before.

edit:tp was met for+16
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  • #8,931
  • Dec 5, 2011 11:40am Dec 5, 2011 11:40am
I took a long on the retrace of the keltner channel. my traget was 16 pips, but it went so fast that i had to take the 30 pips.
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  • #8,932
  • Dec 5, 2011 1:33pm Dec 5, 2011 1:33pm
Todays Trade EUR/USD

First stopped out. Next candle with same setup and now a winner.
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  • #8,933
  • Dec 5, 2011 1:47pm Dec 5, 2011 1:47pm
Was this trade ok?

EUR/CHF today
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  • #8,934
  • Dec 5, 2011 2:39pm Dec 5, 2011 2:39pm
I tried to go long on the neckline of the double top. It's a loss
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,935
  • Dec 5, 2011 2:42pm Dec 5, 2011 2:42pm
I short after the red momentum bar. The price drop far away. What a pity i had not let a part of position run as i use it . BTW this one is a winner even if i find on this entry that i chase a little the market
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,936
  • Dec 5, 2011 2:57pm Dec 5, 2011 2:57pm
Quoting Clean Chart
Todays Trade EUR/USD

First stopped out. Next candle with same setup and now a winner.
Clean, very good trade.

Imho your TP is a very good choice, on the last high, technically and perfect.

Maybe you could let a little part of the position at BE for a runner, so you have no regrets.

I see you work on trade management, it's a very good idea.

Learn correctly trade management and build your own trade management system bcs it is as important and even more important than a good entry.
I hear and I forget. I see and I remember. I do and I understand.
  • #8,937
  • Dec 5, 2011 3:14pm Dec 5, 2011 3:14pm
Quoting Clean Chart
Was this trade ok?

EUR/CHF today
Clear, don't think bcs an entry is very good, she will give you great results. Sometimes yes, sometimes no. Nobody knows. It's all in trade management. Protect your account and take what the market give you .

Look the chart, just my thought
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,938
  • Dec 5, 2011 3:39pm Dec 5, 2011 3:39pm
Quoting xcasper
So I see a variety of charts on this thread, but I am curious. What is the most common time frame for intraday price action trading? 5m? 15m? 30m?
For me:

1M, 5M and 15M= scalping

M30 and H1 = daytrading

On this thread we must often watch 5M, 15M, H1 and H4 charts.
I hear and I forget. I see and I remember. I do and I understand.
  • #8,939
  • Dec 5, 2011 5:26pm Dec 5, 2011 5:26pm
Quoting boubafx
For me:

1M, 5M and 15M= scalping

M30 and H1 = daytrading

On this thread we must often watch 5M, 15M, H1 and H4 charts.
Thank you, that works perfectly for me then since I enjoy trading the 5 min the most but I want to branch into 15 minute since I feel I could go from a daily goal of 5 pips to 15 on a 15 minute chart.
  • #8,940
  • Dec 6, 2011 4:39am Dec 6, 2011 4:39am
I took the trade a little later for my taste.

But there is a good reaction at my entry aera but not enough to reach my TP1.

I took my loss
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I hear and I forget. I see and I remember. I do and I understand.
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