Intraday price action trend trading

Wow! That's nice

Where did you go on yer holiday? this time in 2 weeks I'll be sunning it up in Crete, can't wait.

Oh, I hate the pound and refuse to trade that currency anymore no matter how good the set up is :nerd:

I went to Bali . Beautiful beach .

I have passion on GBP pair , especially if you can spot it's out of sync behaviour with another xxx/USD pair, you can predict when USD will getting weaker or getting strength.

Hello everyone how you doing all.......??

Nice, never been there but will go one day.

GBP is one pair I just cannot make money with, I keep far away from it, just looking at the GBPUSD chart causes pain haha

EURUSD, I'll be looking to go long should the price stall and reverse around that green area on my chart. 1.26 / 1.2615 / 1.2630 area.

EURUSD long @ 1.26293, SL is currently @ BE incase it decides to bounce further down. TP closed manually @ 1.2644 after that small hammer bar on the 5m highlighted green, thats a good enough indicator to me the price is probably gonna change direction, so take yer profit & run.

Thank you Thenew and Alec for your answer on my chart.

Thenew, i would not call it a momentum move up, because the bodies of the candels are small. I would call the bar right to the pin (3) a momentumbar. But im feeling just like an newbie in priceaction. Still a lot to lern. You are right with the IB, i didnt get that. What do you mean with BUOVB?

Chris

hello buddy.
i know its past but trust me its not over yet.its gonna happen again and again.if take a note from those setups,that will help you in the future.

those are the trade you dont wanna take.first trade ok to take .but when ib failed and price closed above that will act as support.

i belive, about same setup i shared somewhere in main thread with charts.
because there is buyer or profit takers.this is why it does fails.

look at the chart how it bounced up and down on every bar and closed above the IB break.

look at the same chart again and see what i just shared in last post.

they are all IB breaks.and how they act as support or resistant.

EURUSD long @ 1.26426, TP is just under the whole number again @ 1.2697. SL is at BE.

Thank you very much Sho. Great Explantation. Realy helpfull.

Got some good trades today. But i will start to read the mainthread again.

Chris

USDCAD short @ 1.02379. SL is now at BE.

Closed manually @ 1.02204

Would leave it on but gotta nip out, laters.

Still got my EURUSD long open, that should reach its TP of 1.2697.

Hi there CC,I have the posts from the first thread.i believe these are the ones Sho was talking about..

Kai

Thanks Kai

It is great that we all work together hand in hand! I really love this thread.


Also very important for me ist what Sho wrote in 9969:

"We need clear price in the background. Not bounceing up and down"

Many candels with small body and big wick/shadow = no clear priceaction = stay aside , sounds easy

Today again more loser than winner but made a little money

One of my trades
EURJPY short 9,5 pip stop 11,5 pip target.

Hi Clean, just now i come to FF, BUOVB stands for bullish outside vertical bar...
I still have to reread the threath but not having much time these days...


Cheers

Thank you Sho for reminding about IBs. Today I had a very good example of IB acting as support. I took a reversal trade from supply zone EU 15M chart. I usually take trades with RR=1:2. My mistake today was ignoring IB and hoping for 20 pips TP. I could easily make 11-13 pips on that trade. Instead I got +1 pip (stop loss). Another trade I could take was with the trend (aggressive entry)and make about 8-10 pips. Lot's to learn with your "Zone attack" Advanced ++ style.
Thanks again
Alec

Hi all!

I want to show you 5 charts of last week in EU market (M15, Admiral Markets Real). I would be very glad if you analize them, comment, answer on some of my questions or just give some advice :] I think it could be great material for all of us. Please tell which of selected candle would you trade and which would you avoid. Thank you in advance and please welcome!


Monday (21/05/2012)
1) bearish momentum - we will look for shorts
2) Pinbar? - for me the body of a candle is to big for a little
3) Inside Bar but both of the candles are bullish, do we should play this setup?
4) Another Inside Bar - short at break of selected candle low
5) Inside Bar - but there is no triger
6) Inside bar - short and loss
7) Pinbar - short
8) Inside Bar - short
9) Inside Bar - short
10) bullish momentum - looking for long trade
11) Pinbar - long
12) Inside bar - long

http://imgpaste.com/5ObK.jpg



Tuesday (22/05/2012)
1) Bearish momentum
2) Pinbar and inside bar - trade
3) Pinbar - short, A++ signal?
4) Inside Bar - bad RR?
5) Inbside Bar - no trigger
6) Pinbar - short
7) PinBar - short and loss
8) Momentum ?!
9) Pinbar - short
10) Pinbar - short
11) Pinabar?
12) Inside bar - no trigger

http://imgpaste.com/xsFj.jpg



Wednesday (23/05/2012)
1) Bearish momentum
2) Inside Bar - no triger
3) Inside Bar - no triger
4) InsideBar - short
5) Pinbar - short and loss
6) Inside Bar - short and loss
7) Inside Bar - short and loss
8) Pinbar - short, A++ signal?
I didn't mark it but the next bar is start of momentum
9) Inside bar - short
10) Inside bar - short
11) Pinbar ? short and loss
12) inside bar - no triger

http://imgpaste.com/tqhk.jpg



Thursday (24/05/2012)
1) bearish momentum
2) Inside bar - short
3)Inside bar - short
4) This is start of bullish momentum, but...
4a) before that we have pinbar - short and loss, A++ signal?
5) Inside bar - no trigger?
6) Inside bar - long and loss
7) Inside bar - no trigger
8) Another bullish momentum
9) Pinbar - long
10) Inside bar - long
11) its begining of bearish momentum
12) inside bar - short

http://imgpaste.com/ewzd.jpg



Friday (25/05/2012)
1) Bullish momentum
2) Inside Bar - long
3) Pinbar - long?
4) Pinbar - long
5) Inside Bar - long
6) Pinbar - long, A++ signal?
7) Inside bar - no triger
8) Beginning of bearish momentum
9) Inside bar - no trade, near to 1.2500 support lvl
10) Pinbar - short and loss
11) Pinbar - short
12) Inside Bar - Short and probably loss
13) Pinbar - short ? and loss
14) Inside bar - no trade, near to 1.2500 support lvl
15) Inside bar - no trade, near to 1.2500 support lvl
16) Inside bar - no trade, near to 1.2500 support lvl

http://imgpaste.com/Vcka.jpg

AUDUSD short @ 0.9871 right on some tough resistance highlighted green in the charts below.

SL has been moved to break even, IMO if it goes back up it'll probably break through.

CLOSED @ 0.9849, +22