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Intraday price action trend trading

  • #9,681
  • Apr 26, 2012 12:53pm Apr 26, 2012 12:53pm
Quoting overseaz
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
Hi Mr. Alec,
wow, finished 600+ page? good 4 u..
I just read the Sho's first thread and still unfinished.
I feel stug in my trade.. maybe next I will upload my chart again..

regards,
Lim
  • #9,682
  • Apr 28, 2012 1:17am Apr 28, 2012 1:17am
Quoting xyzxyz
I just read the Sho's first thread and still unfinished.
I feel stug in my trade.. maybe next I will upload my chart again..

regards,
Lim
1. Don't give up. Just read all Sho posts 2-3-5 times. Read 1st page of 1st thread 10 times and study only trend trading first.
2. Study charts.. Sho has very good explanations on it. Understanding Impulsive-corrective waves is a must. Have your focus on it.
3. Watch Sam Seiden videos to understand where the wall could be on your way of riding a trend.
4. Try to understand every bar(candle) before your entry on 15M. It will give you an idea where price want to go.
5. Don't take any trade if Risk:Reward is lower then 1:2. This way you will have profit if you lose 50% of your trades.
6. Back test on 15M charts using F12 keyboard key(bar by bar)
Paractice, practice, practice..that's what I do
Look for reasons not to take a trade.
  • #9,683
  • Apr 28, 2012 2:35am Apr 28, 2012 2:35am
Lim,
This chart is for you
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 158 KB
Look for reasons not to take a trade.
  • #9,684
  • Apr 30, 2012 2:48am Apr 30, 2012 2:48am
Quoting overseaz
Lim,
This chart is for you
Hi Mr. Alec,
thxs 4 the chart.. I'll read, learn, and practice more..
I'll not give up, because I have already focus for forex (resign from work).. So, I must success..

regards,
Lim
  • #9,685
  • Edited 5:23am Apr 30, 2012 3:20am | Edited 5:23am
I hope this entry is ok..

up date: SL -10
Attached Image (click to enlarge)
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  • #9,686
  • Apr 30, 2012 7:24am Apr 30, 2012 7:24am
CT wif divg
Attached Image (click to enlarge)
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  • #9,687
  • Apr 30, 2012 7:27am Apr 30, 2012 7:27am
Short At supply level
Attached Image (click to enlarge)
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  • #9,688
  • Apr 30, 2012 7:38am Apr 30, 2012 7:38am
With th trend trades..
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eu1735.gif Size: 19 KB
  • #9,689
  • Apr 30, 2012 11:30am Apr 30, 2012 11:30am
Quoting xyzxyz
I hope this entry is ok..

up date: SL -10
Hi Lim,
Call me Alec.
About your trade. I would use less indicators to view price action better. Just Keltner should be enough. Your entry was when market was ranging. No momentum. Remember page 1 at the 1st thread?
rules
****** MY MASTER RULE IS FOLLOW MY RULES*******
****** TO MAKE MONEY I NEED MOMENTUM SO I WOULD NOT TRADE WHEN MARKET IS FLAT****
To me USDJPY not enough volatility for day trading. Sometimes it would give you good trades, but I found it's not often. Try pairs with ADR about 100 pips per day. Just my opinion.
Look for reasons not to take a trade.
  • #9,690
  • Apr 30, 2012 11:57am Apr 30, 2012 11:57am
Today
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 281 KB
Look for reasons not to take a trade.
  • #9,691
  • Apr 30, 2012 8:54pm Apr 30, 2012 8:54pm
Quoting overseaz
Hi Lim,
Call me Alec.
About your trade. I would use less indicators to view price action better. Just Keltner should be enough. Your entry was when market was ranging. No momentum. Remember page 1 at the 1st thread?
rules
****** MY MASTER RULE IS FOLLOW MY RULES*******
****** TO MAKE MONEY I NEED MOMENTUM SO I WOULD NOT TRADE WHEN MARKET IS FLAT****
To me USDJPY not enough volatility for day trading. Sometimes it would give you good trades, but I found it's not often. Try pairs with ADR about 100 pips per day. Just my opinion.
Hi Alec,
thank's 4 u'r opinion..
yes, that was sideway..

regards,
Lim
  • #9,692
  • Edited 11:56pm May 1, 2012 11:37pm | Edited 11:56pm
Entered short, watching closely.

OUT AT BE

Demand too strong at the moment.
Attached Image (click to enlarge)
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  • #9,693
  • Edited 12:46am May 2, 2012 12:26am | Edited 12:46am
EU long, entered with the momentum breaking resistance.

Watching supply area just above.

OUT FOR -7 PIPS

What made it drop like that?
Attached Image (click to enlarge)
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  • #9,694
  • May 2, 2012 12:56am May 2, 2012 12:56am
Quoting stevepatt
EU long, entered with the momentum breaking resistance.

Watching supply area just above.

OUT FOR -7 PIPS

What made it drop like that?
Hi Steve,
I'm glad you had a small stop.
I don't see any news except for CHF. Maybe somebody knew in advance about German unemployment))
Look for reasons not to take a trade.
  • #9,695
  • May 2, 2012 1:03am May 2, 2012 1:03am
...also technically that drop could be IB down break play on 4H and bounce from TL on Daily.
Attached Image(s) (click to enlarge)
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Look for reasons not to take a trade.
  • #9,696
  • May 2, 2012 1:25am May 2, 2012 1:25am
More bearish confluence on 4H TF: Divergence and Down Momentum.
I know, it's easy after the fact)) But we all learning everyday.
Attached Image (click to enlarge)
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Look for reasons not to take a trade.
  • #9,697
  • May 2, 2012 4:58am May 2, 2012 4:58am
I missed this pin entry during lunch. Anybody played it?
Attached Image (click to enlarge)
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Look for reasons not to take a trade.
  • #9,698
  • Edited 6:43am May 2, 2012 5:20am | Edited 6:43am
Sell IB down break.
Update: Moved to BE too soon because of the news. stopped out at BE.
Update: It's nice to know it would reach the target)) At least I covered the entry. Lets work on exits.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: au2.gif Size: 20 KB
Look for reasons not to take a trade.
  • #9,699
  • May 2, 2012 5:29am May 2, 2012 5:29am
Should take this one Didn't take it bcz didn't like ADR numbers.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 22 KB
Look for reasons not to take a trade.
  • #9,700
  • May 2, 2012 6:45am May 2, 2012 6:45am
Hi Alec,You are getting better everyday but for this chart if u look closely there was an a small inside bar after the 2 bar down(impulsive) which formed at fib 50% level of previous move.Maybe you saw it but was not at the computer at the time.

Kai

Quoting overseaz
Should take this one Didn't take it bcz didn't like ADR numbers.
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