Intraday price action trend trading | Page 502 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MultiTimeFrame Trend Trading with Price Action 242 replies

Any Recommendations on Learning Intraday Price Action Trading 5 replies

Price Pattern Notifications/Trend Alert Price Action Scanner 7 replies

Trend following intraday breakout - my trading journal 11 replies

intraday trend trading with price action 2,063 replies

Attachments: Intraday price action trend trading
Exit Attachments

Intraday price action trend trading

  • #10,021
  • Jun 11, 2012 4:49am Jun 11, 2012 4:49am
Quick scalp
Attached Image (click to enlarge)
Click to Enlarge Name: eu201206111.gif Size: 22 KB
Look for reasons not to take a trade.
  • #10,022
  • Jun 11, 2012 7:39am Jun 11, 2012 7:39am
trust your method and stick with that,follow your rules.success will come to your door.
all the best

Attached Image (click to enlarge)
Click to Enlarge Name: today.gif Size: 30 KB
  • #10,023
  • Jun 11, 2012 8:02am Jun 11, 2012 8:02am
Quoting trade price
trust your method and stick with that,follow your rules.success will come to your door.
all the best

Attachment
Thank you Master Sho! Will continue to work on that.
Look for reasons not to take a trade.
  • #10,024
  • Jun 11, 2012 9:12am Jun 11, 2012 9:12am
Quoting trade price
trust your method and stick with that,follow your rules.success will come to your door.
all the best

Attachment
Hi Sho,

I have 2 questions about your first trade:

1. Did you consider R:R before you entered the trade. I saw some support levels and the R:R was not really good?
2. After you entered the trade, price found some support at these level and bounce. Did you consider to close the trade.

Thanks for your guide.
Attached Image
  • #10,025
  • Jun 11, 2012 10:18am Jun 11, 2012 10:18am
Look like market wants to tease me
First one AUD/USD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 110612 aud usd41.gif Size: 21 KB
Click to Enlarge Name: 110612 aud usd42.gif Size: 21 KB
Click to Enlarge Name: 110612 aud usd43.gif Size: 21 KB
  • #10,026
  • Jun 11, 2012 10:22am Jun 11, 2012 10:22am
Second one EUR/USD
1 stopped and 2 sell limit orders were not filled (just 0.5 pip from my entry. Was I too picky???) Really really frustrated
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 110612 eur usd1.gif Size: 20 KB
Click to Enlarge Name: 110612 eur usd2.gif Size: 19 KB
Click to Enlarge Name: 110612 eur usd3.gif Size: 20 KB
  • #10,027
  • Jun 11, 2012 10:25am Jun 11, 2012 10:25am
One more loss GBP/USD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 110612 gbp usd21.gif Size: 20 KB
Click to Enlarge Name: 110612 gbp usd22.gif Size: 20 KB
  • #10,028
  • Jun 11, 2012 10:34am Jun 11, 2012 10:34am
Don't know what's wrong with me . Just the beginning of trading month but I've got 9 losses, 6 BE and only 1 winner. 2 more lossess without winner I'll reach loss quota and have to stand out of the market until next month. OMG
  • #10,029
  • Jun 11, 2012 11:04am Jun 11, 2012 11:04am
Hi Simplicity

Nice to see you here again.

My thoughts about your trades:
AU
I would not have tradet this setup because the almost pin is still in the impulsive move, this is not a pin at the end of a corrective. To risky for me.

EU
Nice setup. I would have taken the same trade and the same stop. Trading is just a probability game. Not every trade have to be a winner. But you have to trade every setup that fits your rules. Trust your method even if the last trade was a looser trust your method and take the next trade. At your chart it looks like after your loss you wanted to get a smaller SL at the next entry. If you did so because the first trade was a looser don’t do that again. Trade like a robot dont be scared. Trust your method and stick with your rules.

GU
No trade for me. Im trying to take only the best trades. Look at the 4 bars before your entry. There is no clear priceaction. Small bars with long tail to the up- and downside
  • #10,030
  • Jun 12, 2012 4:29am Jun 12, 2012 4:29am
Quoting simplicity
Don't know what's wrong with me . Just the beginning of trading month but I've got 9 losses, 6 BE and only 1 winner. 2 more lossess without winner I'll reach loss quota and have to stand out of the market until next month. OMG
Hi Siplicity, Welcome back!
I'm sorry to hear that you are on a losing streak. Good time to review your setups. Which is good, because it will make you a stronger trader.
AU trade you were stopped out at BE, so I didn't pay attention to that trade much. Although next entry point (in my opinion) was red OB or a little later Pin bar after clear impulsive wave.
EU and GU trades were no entry for me. Please see the charts with a little different view on your trades.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu201206115.gif Size: 28 KB
Click to Enlarge Name: gu201206111.gif Size: 277 KB
Look for reasons not to take a trade.
  • #10,031
  • Jun 12, 2012 5:06am Jun 12, 2012 5:06am
Quoting simplicity
One more loss GBP/USD
One more thing for GU trade. Please see the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gu201206112.gif Size: 277 KB
Look for reasons not to take a trade.
  • #10,032
  • Jun 12, 2012 5:52am Jun 12, 2012 5:52am
Quoting simplicity
Hi Sho,

I have 2 questions about your first trade:

1. Did you consider R:R before you entered the trade. I saw some support levels and the R:R was not really good?
2. After you entered the trade, price found some support at these level and bounce. Did you consider to close the trade.

Thanks for your guide.
no 1. yes i did.and allways i do.as you probably know i allways say look at the higher time frame first. at that time 4H formed a IB also look at the 15 mins momentum bar.look at the the big red bars compared to the up moves.


no 2. as i was looking at the higher time frame setups( IB),i knew its gonna find some support at that level,its normal.price is gonna go where momentum is.

all the best
  • #10,033
  • Jun 12, 2012 6:56am Jun 12, 2012 6:56am
Hi Simplicity,im no expert trader like our Master Sho but you are looking for homeruns.I know you are trying to trade your plan but you must realize that we are scalping.You are looking for certainties when there is none.I know how you feel because i do have bad days too.If you are trading badly then cut your size till you get the winning attitude back.The key is the trader just like Sho said.

IMHO try to scalp for 5 to 6 pips then close the trade.Get your winning attitude back first.Remember we are scalping.Only with experience can we let the trade run.Stay strong!

Kai

Quoting simplicity
Don't know what's wrong with me . Just the beginning of trading month but I've got 9 losses, 6 BE and only 1 winner. 2 more lossess without winner I'll reach loss quota and have to stand out of the market until next month. OMG
  • #10,034
  • Jun 12, 2012 7:52am Jun 12, 2012 7:52am
just took a shot with one hour setup.
i have done the video,will post that later on youtube.
here is the chart for entry.took about 20 pips

Attached Image (click to enlarge)
Click to Enlarge Name: 1 hour with target.gif Size: 15 KB
  • #10,035
  • Jun 12, 2012 8:25am Jun 12, 2012 8:25am
Hello everyone,

Thank for your comments. Some trades I took today
GBP/USD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 120612 gbp usd1.gif Size: 19 KB
Click to Enlarge Name: 120612 gbp usd2.gif Size: 19 KB
Click to Enlarge Name: 120612 gbp usd3.gif Size: 18 KB
  • #10,036
  • Jun 12, 2012 8:27am Jun 12, 2012 8:27am
EUR/USD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 120612 eur usd21.gif Size: 22 KB
Click to Enlarge Name: 120612 eur usd22.gif Size: 20 KB
  • #10,037
  • Jun 12, 2012 8:28am Jun 12, 2012 8:28am
GBP/USD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 120612 gbp usd31.gif Size: 20 KB
Click to Enlarge Name: 120612 gbp usd32.gif Size: 19 KB
  • #10,038
  • Jun 12, 2012 8:41am Jun 12, 2012 8:41am
Quoting khairul81
Hi Simplicity,im no expert trader like our Master Sho but you are looking for homeruns.I know you are trying to trade your plan but you must realize that we are scalping.You are looking for certainties when there is none.I know how you feel because i do have bad days too.If you are trading badly then cut your size till you get the winning attitude back.The key is the trader just like Sho said.

IMHO try to scalp for 5 to 6 pips then close the trade.Get your winning attitude back first.Remember we are scalping.Only with experience can we let the...
Hi Kai,
Thanks for your advice. I am not looking for home run. Just looking for good R:R. My target is very simple. I try to take trade with R:R better than 1:1 and hope for 50% win/loss ratio. That's all. I don't want to scalp for 5 or 6 pips (around 1:1 R:R or less) even it's better than BE because I have not reached over 50% win/loss ratio.
I think I will not survive with R:R less than 1:1.
Regards!
  • #10,039
  • Jun 12, 2012 8:43am Jun 12, 2012 8:43am
one more EU short trade doing the video as well. will post later
here is the chart
Attached Image (click to enlarge)
Click to Enlarge Name: 15 mins setup.gif Size: 12 KB
  • #10,040
  • Jun 12, 2012 9:02am Jun 12, 2012 9:02am
Quoting trade price
one more EU short trade doing the video as well. will post later
here is the chart
Attachment
Great to see you again!
1 trader viewing now