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Intraday price action trend trading

  • #9,461
  • Mar 15, 2012 6:17am Mar 15, 2012 6:17am
hope all of you doing good..
just a quick chart

Attached Image
  • #9,462
  • Mar 15, 2012 6:38am Mar 15, 2012 6:38am
Quoting khairul81
Hi Sir,glad to see u home!! Any good trades u just took?

Kai
just took a eur trade quickly after posting last post..

Attached Image (click to enlarge)
Click to Enlarge Name: eur 2.gif Size: 22 KB


Attached Image
  • #9,463
  • Mar 15, 2012 6:38am Mar 15, 2012 6:38am
Sho,what platform are u using? Thanks for the chart!

Kai
  • #9,464
  • Mar 15, 2012 6:40am Mar 15, 2012 6:40am
all you need is to stick with any good methood and follow the rules... i mean any good metrhood that fits your personality..
Attached Image (click to enlarge)
Click to Enlarge Name: usd jpy.gif Size: 31 KB
  • #9,465
  • Mar 15, 2012 6:42am Mar 15, 2012 6:42am
Quoting trade price
hope all of you doing good..
just a quick chart

Attachment
Thanks sho , Took 2 of them
Attached Image (click to enlarge)
Click to Enlarge Name: 15 march.png Size: 19 KB
Tough Times Never Last But Tough People Do
  • #9,466
  • Mar 15, 2012 6:45am Mar 15, 2012 6:45am
Quoting khairul81
Sho,what platform are u using? Thanks for the chart!

Kai
its MBT pro...
chart is a chart.. any good data feed and software will do ....
  • #9,467
  • Mar 15, 2012 6:47am Mar 15, 2012 6:47am
Enter Short.
Attached Image (click to enlarge)
Click to Enlarge Name: UCHF 3-15-12 6-44.jpg Size: 105 KB


Already closed some.
  • #9,468
  • Mar 15, 2012 6:50am Mar 15, 2012 6:50am
Quoting loog12us
Thanks sho , Took 2 of them
now you know what they do before a move most of the time..

they wants to take out the orders and push the price...

allways stick with your rules. dont be scared to pull the trigger when you see a setup.
  • #9,469
  • Mar 15, 2012 6:50am Mar 15, 2012 6:50am
Thanks for the answer Sir.i have a question.On the first chart u posted,the 2nd green circle,would u take the short trade after the bar develop or during the formation?

Kai
  • #9,470
  • Mar 15, 2012 6:57am Mar 15, 2012 6:57am
Quoting khairul81
Thanks for the answer Sir.i have a question.On the first chart u posted,the 2nd green circle,would u take the short trade after the bar develop or during the formation?

Kai
after closing at that sittuation(subjective)... at that situation as real time i need confirmation, as like real time..
hope you got that
  • #9,471
  • Mar 15, 2012 7:00am Mar 15, 2012 7:00am
Quoting pipmunks
Enter Short.
Attachment

Already closed some.
good trade..also that was a fib level
  • #9,472
  • Mar 15, 2012 7:04am Mar 15, 2012 7:04am
Quoting trade price
all you need is to stick with any good methood and follow the rules... i mean any good metrhood that fits your personality..
Hi Sho! Thank you for your images. Very very helpful. I'm new here. Still reading your posts and learning.
All the best.
Alec
Look for reasons not to take a trade.
  • #9,473
  • Mar 15, 2012 7:58am Mar 15, 2012 7:58am
Quoting trade price
after closing at that sittuation(subjective)... at that situation as real time i need confirmation, as like real time..
hope you got that
Nice answer sir! Haha
  • #9,474
  • Mar 15, 2012 9:02am Mar 15, 2012 9:02am
Attached Image (click to enlarge)
Click to Enlarge Name: EU 3-15-12 9-00.jpg Size: 128 KB


Any thought?
  • #9,475
  • Mar 15, 2012 9:13am Mar 15, 2012 9:13am
Quoting trade price
hope all of you doing good..
just a quick chart

Attachment
Hi Sho,

Welcome back to your students.
I monitor 5M chart only (tried multiple time frame but it did not work) so I did not see these set up but I would like to share my analysis:

1st trade: there was only a pin bar. There was not any resistance or supply zone at that time -> Pass
2nd trade: there was an outside bar but SL was too big and price was in range -> Pass
3rd trade: pin bar combine with previous resistance (support now) created nice set up but SL was too big so I would pass
4th trade: there was only an inside bar, there was not supply zone at that time and the trade was against the trend -> Pass
5th trade: nice set up, pin bar at support level. I would take that trade even it was a loss
6th trade: outside bar at supply zone but it was against the trend. I had painful experience with counter trend so I would pass that trade.
Attached Image
  • #9,476
  • Mar 15, 2012 9:22am Mar 15, 2012 9:22am
Quoting pipmunks
Attachment

Any thought?
Hi Pipmunks,

In my opinion, there are less barriers if price break the upside rather than downside. I only take long trades in ascending triangle and short trades in descending triangle.
  • #9,477
  • Mar 15, 2012 9:33am Mar 15, 2012 9:33am
Attached Image (click to enlarge)
Click to Enlarge Name: EU 3-15-12 9-19-.jpg Size: 139 KB


Update : 1st TP hit, set SL to BE

Attached Image (click to enlarge)
Click to Enlarge Name: EU 3-15-12 9-19 Update.jpg Size: 114 KB
  • #9,478
  • Mar 15, 2012 9:38am Mar 15, 2012 9:38am
Hi Sho,

I have some basic of trend trading. How about trading in range. How should we approach this market condition? Is there any tip? Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd.gif Size: 23 KB
  • #9,479
  • Mar 15, 2012 9:47am Mar 15, 2012 9:47am
Quoting simplicity
Hi Pipmunks,

In my opinion, there are less barriers if price break the upside rather than downside. I only take long trades in ascending triangle and short trades in descending triangle.
I'm agree with you. Looks like the EU resistance area break now.
  • #9,480
  • Mar 15, 2012 9:48am Mar 15, 2012 9:48am
hello city ,

sho would give the answer to your questions but i thought i can share my views
1st trade: partially agreed , there was s/r but not strong enough to pull trigger , see attached chart
2nd trade: Agreed 100%
3rd trade: agreed
4th trade: there was resist , if you play ct it was small stop , you could give it a try.
5th trade: agreed

Just my comments , may be i am wrong , sho will give his expert opinion

Quoting simplicity
Hi Sho,

Welcome back to your students.
I monitor 5M chart only (tried multiple time frame but it did not work) so I did not see these set up but I would like to share my analysis:

1st trade: there was only a pin bar. There was not any resistance or supply zone at that time -> Pass
2nd trade: there was an outside bar but SL was too big and price was in range -> Pass
3rd trade: pin bar combine with previous resistance (support now) created nice set up but SL was too big so I would pass
4th trade: there was only an inside bar, there was not supply...
Attached Image (click to enlarge)
Click to Enlarge Name: 15 march 2.png Size: 39 KB
Tough Times Never Last But Tough People Do
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