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Intraday price action trend trading

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  • Post #8,961
  • Quote
  • Dec 6, 2011 10:18am Dec 6, 2011 10:18am
  •  Buildcity
  • Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Shit, $1.5 missed to hit my pending order (long play) on $1700
  • Post #8,962
  • Quote
  • Dec 6, 2011 10:19am Dec 6, 2011 10:19am
  •  boubafx
  • | Joined May 2011 | Status: Momentum exceeds everything | 820 Posts
Quoting khairul81
Disliked
hey guys,thought i show u my trades..Both pairs hit the supply zone so short it..Then went long again..Thank u Sho..
Ignored
yeah

vouch
I hear and I forget. I see and I remember. I do and I understand.
  • Post #8,963
  • Quote
  • Dec 6, 2011 10:23am Dec 6, 2011 10:23am
  •  khairul81
  • | Joined Mar 2010 | Status: Member | 185 Posts
Quoting boubafx
Disliked
yeah

vouch
Ignored
Thanx mann!
  • Post #8,964
  • Quote
  • Dec 6, 2011 10:36am Dec 6, 2011 10:36am
  •  Buildcity
  • Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Quoting Buildcity
Disliked
Shit, $1.5 missed to hit my pending order (long play) on $1700
Ignored
$10 play in half hour, if it hitted
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  • Post #8,965
  • Quote
  • Dec 6, 2011 10:39am Dec 6, 2011 10:39am
  •  boubafx
  • | Joined May 2011 | Status: Momentum exceeds everything | 820 Posts
Quoting Buildcity
Disliked
$10 play in half hour, if it hitted
Ignored
What a pity City, very good entry.

One question: is gold have the same behaviour as currencies?

Do you play it the same way that currencies?
I hear and I forget. I see and I remember. I do and I understand.
  • Post #8,966
  • Quote
  • Dec 6, 2011 10:44am Dec 6, 2011 10:44am
  •  Buildcity
  • Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Quoting boubafx
Disliked
What a pity City, very good entry.

One question: is gold have the same behaviour as currencies?

Do you play it the same way that currencies?
Ignored
Yes, I adopt the same principle to trade with Gold but in M5 (still catch the big levels at H4), coz what I feel so far is, if it starts to move, its really quick, so watch it in M5.

But do tight up your trade mgt skill, dont keep any losing trade, as it cost much higher than forex.
  • Post #8,967
  • Quote
  • Dec 6, 2011 11:20am Dec 6, 2011 11:20am
  •  Buildcity
  • Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
That's for today, trade safe all.

Good night

City
  • Post #8,968
  • Quote
  • Dec 6, 2011 11:46am Dec 6, 2011 11:46am
  •  Clean Chart
  • | Joined Nov 2011 | Status: Member | 141 Posts
Quoting Buildcity
Disliked
Hi mate,

Sho did tell us the most basic principle not to go short when we see this momentum change. My understand on Sho's play.
Ignored
Thx Buildcity

You are right! I just looked at the IB.
  • Post #8,969
  • Quote
  • Dec 6, 2011 10:14pm Dec 6, 2011 10:14pm
  •  duy90
  • Joined Dec 2011 | Status: Member | 298 Posts
Heyo people where do I get the keltner channel that everyone uses? I downloaded one from some forum but it looks like a whipsaw.... The value is 10 but maybe just the market is whipsawing on 15M Kindly needing help

BR.
Duy, new price action newbie
  • Post #8,970
  • Quote
  • Dec 6, 2011 10:30pm Dec 6, 2011 10:30pm
  •  Rufus
  • Joined Feb 2009 | Status: Illegitimi non carborundum | 3,674 Posts
Quoting duy90
Disliked
Heyo people where do I get the keltner channel that everyone uses? I downloaded one from some forum but it looks like a whipsaw.... The value is 10 but maybe just the market is whipsawing on 15M Kindly needing help

BR.
Duy, new price action newbie
Ignored
You can try this one.....Enjoy
Attached File
File Type: mq4 Keltner_Channels.mq4   3 KB | 140 downloads
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • Post #8,971
  • Quote
  • Dec 6, 2011 10:50pm Dec 6, 2011 10:50pm
  •  Captain Jack
  • Joined May 2009 | Status: Member | 358 Posts
CAD/JPY looks ready for a fall....
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A man is not defeated when he is beaten, he is defeated when he quits.
  • Post #8,972
  • Quote
  • Edited at 3:10am Dec 7, 2011 1:03am | Edited at 3:10am
  •  Buildcity
  • Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Oh, all indicators pointing me to north!! jump on it!!

Where are my price candles..........

don't loss you focus ~ the price itself does tell you everything you need.
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  • Post #8,973
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  • Dec 7, 2011 2:20am Dec 7, 2011 2:20am
  •  xcasper
  • | Joined Dec 2011 | Status: Member | 22 Posts
i see the abreviation "IB" alot on charts and what not in this thread. What does it stand for?

Also does sho still watch/post in this thread at all?
  • Post #8,974
  • Quote
  • Edited at 3:26am Dec 7, 2011 3:04am | Edited at 3:26am
  •  Buildcity
  • Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Quoting xcasper
Disliked
i see the abreviation "IB" alot on charts and what not in this thread. What does it stand for?

Also does sho still watch/post in this thread at all?
Ignored
IB = inside bar, the bar is smaller than the previous one, do a little search in FF (Forex Factory), you can find a lot of info.

Edit: candlesticks formation, search this topic, familar with each format then it would help you alot.

For Sho, just pretend he is here as invisible man, so we all will not so naughty

City
  • Post #8,975
  • Quote
  • Dec 7, 2011 3:30am Dec 7, 2011 3:30am
  •  xcasper
  • | Joined Dec 2011 | Status: Member | 22 Posts
So i took my first trade using this system. I am not concerned with whether its a losing or a winning trade since its still active. I just want to know if I had a proper entry (basically so I can verify im starting to understand this trading style
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  • Post #8,976
  • Quote
  • Dec 7, 2011 3:40am Dec 7, 2011 3:40am
  •  Buildcity
  • Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Quoting xcasper
Disliked
So i took my first trade using this system. I am not concerned with whether its a losing or a winning trade since its still active. I just want to know if I had a proper entry (basically so I can verify im starting to understand this trading style
Ignored
Fine, you got the basic, enter with implusive move start again. Set your SL right under this signal green bar (allow spreads too)

Add chart
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  • Post #8,977
  • Quote
  • Dec 7, 2011 3:55am Dec 7, 2011 3:55am
  •  xcasper
  • | Joined Dec 2011 | Status: Member | 22 Posts
Quoting Buildcity
Disliked
Fine, you got the basic, enter with implusive move start again. Set your SL right under this signal green bar (allow spreads too)

Add chart
Ignored
I would have gotten out with around 9 if I hadnt freaked out when I did a market order and was entered 2 pips above where I wanted. I thought I had done something wrong so I quickly closed the trade.. However now that you mentioned the spread it all makes sense now.

Well there is always a next trade. Thank you for that chart.
  • Post #8,978
  • Quote
  • Dec 7, 2011 3:59am Dec 7, 2011 3:59am
  •  Buildcity
  • Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Quoting Buildcity
Disliked
IB = inside bar, the bar is smaller than the previous one, do a little search in FF (Forex Factory), you can find a lot of info.

Edit: candlesticks formation, search this topic, familar with each format then it would help you alot.

For Sho, just pretend he is here as invisible man, so we all will not so naughty

City
Ignored
Some useful info, I used to learn the most basic from him ~ Steve Nelson ~ Japanese Candlestick Charting Techniques. pretty old resources but still good for fresh start of candlesticks trading technique. Search from internet you surey would find it.
  • Post #8,979
  • Quote
  • Dec 7, 2011 4:05am Dec 7, 2011 4:05am
  •  xcasper
  • | Joined Dec 2011 | Status: Member | 22 Posts
Quoting Buildcity
Disliked
Some useful info, I used to learn the most basic from him ~ Steve Nelson ~ Japanese Candlestick Charting Techniques. pretty old resources but still good for fresh start of candlesticks trading technique. Search from internet you surey would find it.
Ignored
thank you
  • Post #8,980
  • Quote
  • Dec 7, 2011 4:05am Dec 7, 2011 4:05am
  •  stevepatt
  • Joined Dec 2010 | Status: Never Stop Learning | 4,023 Posts
Quoting xcasper
Disliked
I would have gotten out with around 9 if I hadnt freaked out when I did a market order and was entered 2 pips above where I wanted. I thought I had done something wrong so I quickly closed the trade.. However now that you mentioned the spread it all makes sense now.

Well there is always a next trade. Thank you for that chart.
Ignored
It might be giving you too much to think about at once but look out for supply and demand levels as well.
Like Buildcity said get the basics right first and move on from there.
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