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Intraday price action trend trading

  • #9,181
  • Jan 17, 2012 5:18am Jan 17, 2012 5:18am
AUD/USD short

Entry
http://img259.imageshack.us/img259/3...112audusd1.gif

Closed: +5p (1/2) and stopped at BE (1/2)
http://img843.imageshack.us/img843/7...112audusd3.gif
  • #9,182
  • Jan 18, 2012 5:36am Jan 18, 2012 5:36am
Quote
with every bar our decision can change we are traders we are not investors.
like if i say i am bullish,close of that bar i will say bearish depend on the price action.
but most of the people doesnot like to change their mind.thats where success and failers comes.
learn to change ur mind in a second with the market. Sho

http://savepic.net/2338310m.gifhttp://savepic.net/2328070m.gif

http://savepic.net/2313752m.gifhttp://savepic.net/2305560m.gif
"To become a pro you have to think like a pro". Sho
  • #9,183
  • Jan 19, 2012 5:54am Jan 19, 2012 5:54am
My two trades today. Nice pinbar setup. Closed first half at T/P second half BE, trying to get a bit more.

Today 2 winner but it could have been 2 loser as well. Today EUR/USD USD/CHF are looking the same. (One short, one long).

How do you trade with this correlation?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euro.gif Size: 24 KB
Click to Enlarge Name: chf.gif Size: 23 KB
  • #9,184
  • Jan 19, 2012 9:34pm Jan 19, 2012 9:34pm
Quoting Clean Chart
My two trades today. Nice pinbar setup. Closed first half at T/P second half BE, trying to get a bit more.

Today 2 winner but it could have been 2 loser as well. Today EUR/USD USD/CHF are looking the same. (One short, one long).

How do you trade with this correlation?

you do the opposite short one long the other
KEEP IT SIMPLE PIPPING
  • #9,185
  • Jan 20, 2012 4:13am Jan 20, 2012 4:13am
AUD/USD short

Entry
http://img689.imageshack.us/img689/2...112audusd1.gif

Got out with small loss: -1.5p
http://img580.imageshack.us/img580/7...112audusd2.gif

It was a good loss, wasn't it?
http://img804.imageshack.us/img804/7...112audusd3.gif
  • #9,186
  • Jan 20, 2012 4:57am Jan 20, 2012 4:57am
2 simplicity
That was a bit risky trade, mate
The price had just returned to broken level(supply become demand) and stalled there... yeah it was good bearish momentum,but level was stong enough for going short... you would go long there as PA shown it didn't want to get lower ( that bars with little bodies,pins in a row)... it was the fibo retracement of previous big bullish move as well
  • #9,187
  • Jan 20, 2012 5:54am Jan 20, 2012 5:54am
Quoting jvh2811
you do the opposite short one long the other
Thanks

Yes, that is what i did.

But did everybody do both trades or do you think it is better to trade only one pair if they correlate because of a better moneymanagment?
  • #9,188
  • Jan 20, 2012 7:15am Jan 20, 2012 7:15am
Quoting Gravi
2 simplicity
That was a bit risky trade, mate
The price had just returned to broken level(supply become demand) and stalled there... yeah it was good bearish momentum,but level was stong enough for going short... you would go long there as PA shown it didn't want to get lower ( that bars with little bodies,pins in a row)... it was the fibo retracement of previous big bullish move as well
Thanks for your comment Gravi. I try to post every trade I take and want to learn more from yours comment. But there is not too much comment and I am not sure whether I am on the right path. Please see the chart for my explanation.
Good trading my buddies!
http://img214.imageshack.us/img214/2...0112audusd.gif
  • #9,189
  • Jan 21, 2012 4:39am Jan 21, 2012 4:39am
Quoting simplicity
Thanks for your comment Gravi. I try to post every trade I take and want to learn more from yours comment. But there is not too much comment and I am not sure whether I am on the right path. Please see the chart for my explanation.
Good trading my buddies!
http://img214.imageshack.us/img214/2...0112audusd.gif
yes, i see now... you got out with small loss, it's good... you noticed that "failed" pin,but i think it didn't fail ( next 2 bars couldn't close lower than pin's low) and formed nice pin bar for long setup(that 2nd pin was in demand area)..
  • #9,190
  • Jan 21, 2012 1:56pm Jan 21, 2012 1:56pm
http://savepic.net/2362518m.gif

11.01.2012. G/U and E/U. It was "A++". Very beautiful setup .

http://savepic.net/2418857m.gifhttp://savepic.net/2423977m.gif
"To become a pro you have to think like a pro". Sho
  • #9,191
  • Jan 21, 2012 2:14pm Jan 21, 2012 2:14pm
Quoting Nanitoide
http://savepic.net/2362518m.gif

11.01.2012. G/U and E/U. It was "A++". Very beautiful setup .

http://savepic.net/2418857m.gifhttp://savepic.net/2423977m.gif
Hello Nanitoïde,

what are the indicators you use in the botton of the chart?
Could you share them?

Kind regards
  • #9,192
  • Jan 22, 2012 12:58am Jan 22, 2012 12:58am
Quoting nivti1
Hello Nanitoïde, what are the indicators you use in the botton of the chart? Could you share them?

Kind regards
Hi, nivti1. Essentially they are not needed. Sorry, I cannot share.
Quote
All the indicators are rubbish without price action.
They will cost you money only. Sho
"To become a pro you have to think like a pro". Sho
  • #9,193
  • Jan 23, 2012 5:00am Jan 23, 2012 5:00am
http://savepic.net/2368582m.gif
"To become a pro you have to think like a pro". Sho
  • #9,194
  • Jan 24, 2012 11:59am Jan 24, 2012 11:59am
Entered long after a break and test of resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: 24th Jan EU 5m Chart.jpg Size: 112 KB
  • #9,195
  • Jan 24, 2012 2:03pm Jan 24, 2012 2:03pm
If you are making bad trades because of impatience or not noticing when a good entry occurs then this may help you. If you can't pick a good entry at all then this won't help you.

What I have done is install a program called "Active Desktop Calendar". I set it to make an alarm every 15 min from 6am to 6pm GMT. In between alarms, I try to do something else like watch a movie or play a game or even something productive like cleaning. When the alarm goes off, I check all of my charts. If there are no good setups then I just go back to whatever it is I was doing. It has kept me from being anxious and I am doing well now.
  • #9,196
  • Jan 24, 2012 9:41pm Jan 24, 2012 9:41pm
Quoting stevepatt
Entered long after a break and test of resistance.
hey steve can you email me your indicators if you dont mind, i like your chart setup
KEEP IT SIMPLE PIPPING
  • #9,197
  • Jan 25, 2012 6:46am Jan 25, 2012 6:46am
Hi guys. I am trying to get better at this technique and I would appreciate any help that anyone can offer. Was this a valid entry? I do see an inside bar with the trend. My signal bar is where the yellow arrow is.

Also I was wondering about Sho's trading times. If I remember correctly, he trades from 11:30 am to 7 pm GMT time. Did he say that these are the most ideal times or did he just say that this when he trades. That is to say that maybe this is most convenient time for him to trade due to issues like family etc.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 16 KB
  • #9,198
  • Jan 25, 2012 8:43am Jan 25, 2012 8:43am
One trade with the trend and the other against the trend.
Attached Image (click to enlarge)
Click to Enlarge Name: 25th Jan EU 5m Chart.jpg Size: 101 KB
  • #9,199
  • Jan 25, 2012 11:57am Jan 25, 2012 11:57am
Quoting bfis108137
Hi guys. I am trying to get better at this technique and I would appreciate any help that anyone can offer. Was this a valid entry? I do see an inside bar with the trend. My signal bar is where the yellow arrow is.

Also I was wondering about Sho's trading times. If I remember correctly, he trades from 11:30 am to 7 pm GMT time. Did he say that these are the most ideal times or did he just say that this when he trades. That is to say that maybe this is most convenient time for him to trade due to issues like family etc.
Hi bfis,

This is just my take on it, I look for short term resistance, when going long, to be broken and then tested before entering with the momentum.
As for trading times, at the moment I find it better to let the market settle down rather than looking at Frankfurt or London open.
Attached Image (click to enlarge)
Click to Enlarge Name: 25th Jan GU Chart.png Size: 50 KB
  • #9,200
  • Jan 25, 2012 12:24pm Jan 25, 2012 12:24pm
Quoting jvh2811
hey steve can you email me your indicators if you dont mind, i like your chart setup

Hi jvh,

Here's the indicators I use:
Attached File(s)
File Type: ex4 Market Panel Display Controller.ex4   28 KB | 419 downloads
File Type: mq4 FFCalH.mq4   51 KB | 364 downloads
File Type: mq4 i-ParamonWorkTime.mq4   5 KB | 415 downloads
File Type: ex4 BN Levels v1.01.ex4   15 KB | 443 downloads
File Type: ex4 #MTF_Fractal.ex4   3 KB | 419 downloads
File Type: mq4 Keltner_Channel.mq4   3 KB | 416 downloads
File Type: ex4 Murrey_Math_AllTF.ex4   12 KB | 385 downloads
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