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Intraday price action trend trading

  • #9,661
  • Apr 12, 2012 3:22am Apr 12, 2012 3:22am
Quoting Clean Chart
Sho, it took me a while to think about it. Im not completly clear about number 2 you wrote.

I found a chart where there is a momentum bar and then a pinbar. Is it no entry signal and just pause of momentum there? Or is this a valid entry?

Am i right if i say the chart GU 20.03 is a valid entry, and the chart AU from today is not a valid entry because of the support i marked?

Hope i got it right
GU chart. thats not a pin bar,pin bar has to be at the swing high or low in opposite direction.after a series of move in the trend direction if any bar like pin bar appears same direction as last move,that is not a pin ,that is pause of momentum.i will be scared to get in.again its depend how it moves ,sometime it will appear after breakout just to retest the breakout,than i will take the trade.otherwise mostly a no for me.

and you are right about the AU,its not and entry.

hope that helps
  • #9,662
  • Apr 12, 2012 3:32am Apr 12, 2012 3:32am
Quoting xyzxyz
Mr. Sho or anyone,

Is my entry at EU and UCH OK?
Please teach me..
they are valid entry.i would have take it but its not a good R:R trade. also i would have close it at the close of next bar as market was telling something wrong.
allways think about R:R before entering.
EU and U/chf they are move opposite direction to each others 80% of the time may be more.dont take 2 trade for both pair at the same time..
all the best
  • #9,663
  • Apr 12, 2012 3:38am Apr 12, 2012 3:38am
Quoting overseaz
Learning myself, but I think there is no room to go up at that moment if you look at 4H chart.
Just my opinion.
Sho, please correct me if I'm wrong.
Alec
its into a range,(4H).also previous candle is a bear engulf,not significant in a range but,we should be aware of.
  • #9,664
  • Edited 5:18am Apr 12, 2012 4:55am | Edited 5:18am
Quoting trade price
its into a range,(4H).also previous candle is a bear engulf,not significant in a range but,we should be aware of.
Hi Sho,
Can you help me with understanding Impulsive-Corrective:
Do I understand it right?

White - Impulsive
Yellow - Impulsive became corrective
Blue - Corrective

Appreciate your help
Alec
Attached Image(s) (click to enlarge)
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Look for reasons not to take a trade.
  • #9,665
  • Apr 12, 2012 6:01am Apr 12, 2012 6:01am
Market is very choppy today. Got only one signal that fits me.

USDCAD short (be careful, divergenz!)

It was the last trade this month. Im going to spend my holiday.

This was a profitable month. Thanks to all of you for getting this thread alive.

And thank you Sho, like #9661 all your comments are very helpfull. Thank you so much for spending you time with us.

Whish all of you a lot of pips!
Attached Image (click to enlarge)
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  • #9,666
  • Apr 12, 2012 6:04am Apr 12, 2012 6:04am
Quoting overseaz
Still thinking to try Alpari UK but read bad things about it and I heard that they use pro spreads on demo and bigger spreads on regular MT4 account...
Hi Overseaz,

We do offer different kinds of demo accounts. Each specific demo account type reflects the conditions of its live account counterpart.


http://img832.imageshack.us/img832/9...moaccounts.jpg

Alex

 ________
Alexander Chadwick
Alpari (UK) Representative
  • #9,667
  • Apr 12, 2012 6:06am Apr 12, 2012 6:06am
Quoting overseaz
Learning myself, but I think there is no room to go up at that moment if you look at 4H chart.
Just my opinion.
Sho, please correct me if I'm wrong.
Alec
Thxs for u'r comment.
When trade, I didn't saw H4TF.. I check H4TF for every Sunday night, to get S & R for next week trade..
  • #9,668
  • Apr 12, 2012 6:11am Apr 12, 2012 6:11am
Quoting trade price
they are valid entry.i would have take it but its not a good R:R trade. also i would have close it at the close of next bar as market was telling something wrong.
allways think about R:R before entering.
EU and U/chf they are move opposite direction to each others 80% of the time may be more.dont take 2 trade for both pair at the same time..
all the best
ok, thxs for u'r input..
I need more learn n practice..
  • #9,669
  • Apr 12, 2012 6:51am Apr 12, 2012 6:51am
Quoting Clean Chart
Market is very choppy today. Got only one signal that fits me.

USDCAD short (be careful, divergenz!)

It was the last trade this month. Im going to spend my holiday.

This was a profitable month. Thanks to all of you for getting this thread alive.

And thank you Sho, like #9661 all your comments are very helpfull. Thank you so much for spending you time with us.

Whish all of you a lot of pips!
have a nice holiday Clean Chart..
hopefully not for long, I can also enjoy the holidays like you, from the trade..
  • #9,670
  • Apr 12, 2012 7:21am Apr 12, 2012 7:21am
Quoting Clean Chart
Market is very choppy today. Got only one signal that fits me.

USDCAD short (be careful, divergenz!)

It was the last trade this month. Im going to spend my holiday.

This was a profitable month. Thanks to all of you for getting this thread alive.

And thank you Sho, like #9661 all your comments are very helpfull. Thank you so much for spending you time with us.

Whish all of you a lot of pips!
Hi Clean Chart!
I'm glad you had a profitable month!!! Congrats!
Happy holidays to you!
Look for reasons not to take a trade.
  • #9,671
  • Apr 13, 2012 2:57am Apr 13, 2012 2:57am
Mr. Sho,

Actualy, I'm stil don't know, when we must TP..
All this time, I Close Position by PA at smaller TF..
can u explain this?

regards,
Lim
Attached Image (click to enlarge)
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  • #9,672
  • Apr 13, 2012 5:57am Apr 13, 2012 5:57am
At the first potition SL+1 and 2nd SL-7pip..
Are they confirmed entries?

regards,
Lim
Attached Image (click to enlarge)
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  • #9,673
  • Apr 13, 2012 8:25am Apr 13, 2012 8:25am
Mr. Sho,
First arrow, is it confirm to short? (the keltner channel pointing up)
how about the exit?

regards,
Lim
Attached Image (click to enlarge)
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  • #9,674
  • Apr 16, 2012 8:23am Apr 16, 2012 8:23am
Quoting xyzxyz
Mr. Sho,
First arrow, is it confirm to short? (the keltner channel pointing up)
how about the exit?

regards,
Lim
Hi Lim,
I think you can find exit options at first thread.
rules
****** MY MASTER RULE IS FOLLOW MY RULES*******
****** TO MAKE MONEY I NEED MOMENTUM SO I WOULD NOT TRADE WHEN MARKET IS FLAT****
-Before entry-
1*i should know what is the maximum amount of pip i want to loss in a trade.
2*before the trade i have to decide am i looking for 2:1 or 3:1? whatever i chose i must have to remember that.
3*first thing look for is =is market trending or sideway?....
Look for reasons not to take a trade.
  • #9,675
  • Edited 9:14am Apr 16, 2012 8:51am | Edited 9:14am
Quoting xyzxyz
Mr. Sho,

Actualy, I'm stil don't know, when we must TP..
All this time, I Close Position by PA at smaller TF..
can u explain this?

regards,
Lim
from Master Sho posts:
If you start your work at 9:00 every day, try to watch the market for 15 to 20 min. Try to get a feel how market is moving today, what is the market plan, is it sideway market or trending market, and
make your trading plan accordingly to the market movement.

If market change we will change, that’s how trading is.

To me personally higher time frames is great help. I start with daily and go down to 15M. This way I can see where price can stop and/or reverse. About TP as far as I remember Sho recommended to start with 1:3 and if your target usually not reached, go for 1:2.5, than 1:2.
It's all in 1st thread. I read it twice and will read it again.
Try to find where Sho is talking about trade management. You will find more about TP.
Look for reasons not to take a trade.
  • #9,676
  • Apr 16, 2012 9:12am Apr 16, 2012 9:12am
Quoting overseaz
Hi Lim,
I think you can find exit options at first thread.
rules
****** MY MASTER RULE IS FOLLOW MY RULES*******
****** TO MAKE MONEY I NEED MOMENTUM SO I WOULD NOT TRADE WHEN MARKET IS FLAT****
-Before entry-
1*i should know what is the maximum amount of pip i want to loss in a trade.
2*before the trade i have to decide am i looking for 2:1 or 3:1? whatever i chose i must have to remember that.
3*first thing look for is =is market trending or sideway?....
Hallo overseaz,

Thxs 4 u'r comment.. I will read and read again the first thread.
About the trending, we will look at the higher TF, right?

regards,
Lim
  • #9,677
  • Apr 16, 2012 9:33am Apr 16, 2012 9:33am
Quoting overseaz
from Master Sho posts:
If you start your work at 9:00 every day, try to watch the market for 15 to 20 min. Try to get a feel how market is moving today, what is the market plan, is it sideway market or trending market, and
make your trading plan according to the market movement.

If market change we will change, that’s how trading is.

To me personally higher time frames is great help. I start with daily and go down to 15M. This way I can see where price can stop and/or reverse. About TP as far as I remember Sho recommended to start...
Before, I'm sorry to much asking.. Because, I really need to understand all about PA for my trading 4 life..
We use higher TF to determine S & R and direction, right?
about TP, thxs for u'r explain, I'll read the first thread again..

regards,
Lim
  • #9,678
  • Edited 7:40am Apr 18, 2012 4:12am | Edited 7:40am
Hi Guys! Don't see much activity here lately. Where is everybody?
Anyway...here is my first trade this week.
Impulsive > Corrective > IB breakout

Update: Just closed it. Price dropped like a stone. It might go lower, but Demand zone is too close already, so I decided to close it.
Attached Image(s) (click to enlarge)
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Look for reasons not to take a trade.
  • #9,679
  • Apr 26, 2012 3:56am Apr 26, 2012 3:56am
why so silent?
please post your set up here..
  • #9,680
  • Edited 9:56am Apr 26, 2012 7:44am | Edited 9:56am
Quoting xyzxyz
why so silent?
please post your set up here..
Hi Lim,
Just finished reading 600+ pages of this thread)) Lots of good trades and posts.
Learning every day. Thanks to everyone who took their time to post charts with explanations.
How is your learning? Do you practice? Upload some of your charts here with questions or thoughts.
Thanks
Alec
Look for reasons not to take a trade.
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