Intraday price action trend trading

Good thinking. I'll wait till NY.

Missed that nice and fast move down today on EU. No PB even on 5M TF and drop for about 90 pips.
Impulsive > Corrective Entries after that.
One Didn't take. Second signal stopped out at BE.
Third entry Closed +10 bcz of a pin bar forming from 4H Demand zone.

hello guys, i hope everybody had a good day.
i am trying to identify A+ setups, i want to post one of my trades today, GBPNZD, after a few pips gain set SL at BE and left. after some time SL was hit. otherwise i could have banked 60-70 pips exiting at the double bottom. but this is not the issue, i just want to know if that was a valid entry, is it a+ ?

before placing SL to B.E, price should have moved say 25 to 30pips your direction. Not sure you left enough room for price movement. Its an A+ strategy in a trending market.

Hello tashkent

It is always easy to look at a chart by hindsight.

Here are may thoughts about your trade. Just go on, it was a valid entry but no a setup.

Isnt the spread quit big at this pair? Try some pair with less spread. It makes it much easier.

thanks guys for you insight. i was not sure whether it was an a+, however was quite sure that i could steal at least smth from this trend. it was downtrend, higher TFs giving a good sign, so i just took the trade.
Lately i am liking this pair, it trends very nicely, spread is wide, in trading ours it is affordable though. but not volatile as EURUSD and generates really good profit.
I have finished reading Sho's both threads a few months back, now trying to practice it, however I use higher TF, for entries use 5 and 15M. If we can master Sho's method trading would become so much easier
I am still a learner and look forward sharing my experience with you guys.
btw, Mr. Sho seems like around time by time, it is really nice to read his inputs!
best of luck to everybody in coming week.

Got two trades in the jpy, both stoped. Looking for the next setups, but looks like sideway market in all pairs right now. Lets see what happens.

Impulsive > Corrective > Pin bar entry. Stopped out.
Reentered at second Pin bar breakout. Moved stop too early to BE, stopped out at BE. Second trade would've been good one. Will work more on exit points.

Took a buy trade in NZDUSD at 0.8017 with sl at 0.7955

First target already reached at 0.8048 for +31 pips. i have closed my 80% of my trade there and remaining position to target 0.8141


http://optimus-forex-trader.blogspot.in/

Took a buy trade in AUDCAD 1Hr time frame

buy @ 1.0438 Sl : 1.0390

Tp 1 : 1.0462 and tp 2 : 1.0534
My risk% is very small for this trade since am not much confident in this trade.. But still as i hope the trend is up am with this trade..

http://optimus-forex-trader.blogspot.in/

EURAUD short, about 8 pips stop. Got about 14 pips. Trend isnt finished jet.

hello friends,
i am posting my today's trade. the trade is still running but depending on the PA i am planning to take profit.
i entered based on 1H and 4H chart and used SR and trendlines.
overall, the trend was upward on higher TM and and i entered on retracement. i really should have waited the close of candle, but had to leave so made my bid. retracement start to lose its momentum and i decided to enter, but SL was successful, the price barely hit it, nonetheless survived.
if next candle can not make higher high, i am out.

btw, here is 4H chart, which shows the uptrend, impulsive and corrective moves. i guess Sho excessively uses S/R lines and i think diagonal lines helps a lot too, have a look at my previous and this chart.

out with +36 pips. the resistance giving me headache (first blue line). looking for another long after retrace (if there will be any).

Eurjpy scalpin in 5 mins was good today for quick 11 pips in my first target now my second target is 100.87 and my entry was at 100.43


http://optimus-forex-trader.blogspot.in

Possible play on EU.

Good call, Pipmunks!

Hi guys! Here is my yesterday play.
1H Pin bar breakout. Didn't reach my target. Closed +4 pips. Didn't find good entry to play the upside move.

Impulsive > Corrective 1H. IB 1H break down. Accidently closed the trade +11. It can go lower, but there is a Demand zone on 1H TF.

Impulsive > Corrective > Almost pin bar entry.
Closed +14. It can go lower, but I didn't like that bullish rejection bar from the round number.