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Intraday price action trend trading

  • #9,561
  • Edited 8:28am Mar 22, 2012 7:53am | Edited 8:28am
Quoting trade price
time frame is personal choice..in forex higher time frame better..
in stock daytrading 5 mins better with time and sales( experience).
still diffrent people will say something diffrent...... its like choseing a car... but all depends how well you can drive! how fast can you handle..is the road is good enough for fast driving ?or is it not??
my advice is-
if you trade with lower time frame, you make sure you trade with higher time frame supply and demand level..i prefare 4 hour supply...
Hi Sho. Couldn't ask for better answer. Thanks a million.
I'm trying to find how to apply tick data in my MT4 to help identifying perfect entry point. Similar to Time & Sales with break out strategy I used to trade on 5M TF during news. Forex is different. Lesson from The Pro would be perfect.
Can't wait to watch the video.
Thanks again.
Alec
Look for reasons not to take a trade.
  • #9,562
  • Mar 22, 2012 8:21am Mar 22, 2012 8:21am
Hi Sho,excited about your video about tick data.Im guessing its about reading volume right? Wyckoff did make a lot of good points on volume..

Kai
  • #9,563
  • Mar 23, 2012 4:50am Mar 23, 2012 4:50am
GBP/USD long and stopped: -6p
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  • #9,564
  • Mar 23, 2012 9:58am Mar 23, 2012 9:58am
After the big news. 5M chart. Entry IB (pin) +15. I noticed that it's easier to find trading opportunity on 5M if market is moving fast.
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Look for reasons not to take a trade.
  • #9,565
  • Mar 23, 2012 10:15am Mar 23, 2012 10:15am
Quoting overseaz
After the big news. 5M chart. Entry IB (pin) +15. I noticed that it's easier to find trading opportunity on 5M if market is moving fast.
Nice catch . That's a quick trade.
  • #9,566
  • Mar 23, 2012 10:42am Mar 23, 2012 10:42am
Almost the same IB setup. +8. Could go higher, but I was looking for about 7-8 pips here.
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Look for reasons not to take a trade.
  • #9,567
  • Mar 23, 2012 10:51am Mar 23, 2012 10:51am
Quoting pipmunks
Nice catch . That's a quick trade.
Thanks. How is your day going? I miss your comprehensive chart analysis.
This morning would be nice to catch on 5M :-) 2 perfect setups in the direction of 5M trend. Wasn't at my screen that time. Please see the chart.
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Look for reasons not to take a trade.
  • #9,568
  • Mar 23, 2012 11:27am Mar 23, 2012 11:27am
Fake breakout on 15M, IB. Entered a little early.
Update: It's not moving fast enough for me. It is hard to trade on 15M after 5M. Closed +2 pips.
Have a good weekend, guys!
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Look for reasons not to take a trade.
  • #9,569
  • Mar 23, 2012 11:56am Mar 23, 2012 11:56am
Quoting overseaz
Thanks. How is your day going? I miss your comprehensive chart analysis.
This morning would be nice to catch on 5M :-) 2 perfect setups in the direction of 5M trend. Wasn't at my screen that time. Please see the chart.
I'm fine, thank you. Managed to get my daily target at early London session, extra caution now because Friday late US session.

That's true, in fast moving session like today, it's easier to catch on M5 chart.
I see you already grab the concept .
  • #9,570
  • Mar 23, 2012 12:03pm Mar 23, 2012 12:03pm
Here's trade that i just took on M5.

Simple trade. PB bounce off flip zone.
Attached Image (click to enlarge)
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  • #9,571
  • Mar 25, 2012 3:15pm Mar 25, 2012 3:15pm
Quoting trade price
you are right
its nearly impossible to make money for us (retail trader) just trading tick data.. coz we dont have real orders..
we just combine normal tick data with supply and demand level ,candle formation,also pattern formation to get better edge. and we trade..
nothing is 100%..we only trade probability.. dont forget their job(broker)is to make money as well
principle is same , we trade supply and demand levels. look for intraday trend for day trade..trade trend and counter trend (depends)..
hy mr.Sho i have a few questions .1. how do u define if it's trending or goes sideways? by using the keltner channel? and what settings u use on the keltner? i usually wait for the price to break on a sr level then ride the price until a divergence appears
  • #9,572
  • Edited 6:08am Mar 26, 2012 4:11am | Edited 6:08am
Hello guys, hope all of you trading well this week.

My first trade for the week.
AU CT trades. I'm taking this trade because two bullish momentum bar (2 and 5 candle before my entry bar) showing some strenght, ended with PB closed above last swing low.

Attached Image (click to enlarge)
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Update : 1st TP hit. 2nd TP hit.
  • #9,573
  • Mar 26, 2012 4:44am Mar 26, 2012 4:44am
Quoting pipmunks
Hello guys, hope all of you trading well this week.

My first trade for the week.
AU CT trades. I'm taking this trade because two bullish momentum bar (2 and 5 candle before my entry bar) showing some strenght, ended with PB closed above last swing low.

Attachment
Hi Pipmunks,
For some reason I can barely see wicks on your images. Makes it impossible to read the candles. It would be nice to zoom it up a little or change candles to bars? If it's possible. Thanks
Alec
Look for reasons not to take a trade.
  • #9,574
  • Mar 26, 2012 4:49am Mar 26, 2012 4:49am
Bought from Demand area found on 1H TF. Stop was 14pips (at BE now), profit target 30.
Update: Price is hesitating to pass keltner middle line. Out with +21.
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Look for reasons not to take a trade.
  • #9,575
  • Mar 26, 2012 5:09am Mar 26, 2012 5:09am
Quoting overseaz
Hi Pipmunks,
For some reason I can barely see wicks on your images. Makes it impossible to read the candles. It would be nice to zoom it up a little or change candles to bars? If it's possible. Thanks
Alec
Haha, for some reason i set the wick to dark colour. Makes me easier to see the momentum. But i'll try to make it clearer on my next chart .
Btw, nice catch on EU, 1.32 holds pretty well.
  • #9,576
  • Mar 26, 2012 5:48am Mar 26, 2012 5:48am
Quoting overseaz
Bought from Demand area found on 1H TF. Stop was 14pips (at BE now), profit target 30.
Update: Price is hesitating to pass keltner middle line. Out with +21.
Nice trades Alex..ur on your way
  • #9,577
  • Edited 7:43am Mar 26, 2012 6:14am | Edited 7:43am
Quoting khairul81
Nice trades Alex..ur on your way
Thanks Kai. By the way, my name is not Alex:-)
How are you doing today? Anything super fast on 5M?
My long time trade is going up as well. Aggressive entry on daily chart from middle keltner line and Demand zone at 4H TF. RR 1:2(56:112) at BE already.
Alec

Update: For some reason miscalculated TP and it closed. But +100 and Supply zone is right here:-)
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Look for reasons not to take a trade.
  • #9,578
  • Mar 26, 2012 6:21am Mar 26, 2012 6:21am
Quoting vladutz112
hy mr.Sho i have a few questions .1. how do u define if it's trending or goes sideways? by using the keltner channel? and what settings u use on the keltner? i usually wait for the price to break on a sr level then ride the price until a divergence appears
all answered in the main thread.

Good luck
  • #9,579
  • Mar 26, 2012 6:30am Mar 26, 2012 6:30am
Quoting overseaz
Thanks Kai. By the way, my name is not Alex:-)
How are you doing today? Anything super fast on 5M?
My long time trade is going up as well. Aggressive entry on daily chart from middle keltner line and Demand zone at 4H TF. RR 1:2(56:112) at BE already.
Alec
Oops sorry for the wrong name Alec.Did 4 trades during london session and thats it.Enough pips for the day.Lets wait for the US session..

Kai
  • #9,580
  • Edited 8:19am Mar 26, 2012 7:54am | Edited 8:19am
Buy GU.
Entry (Yellow Arrow) : PB retest on last week high.
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Update : Exit for 31 pips.
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