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Intraday price action trend trading

  • #10,121
  • Jul 18, 2012 5:24am Jul 18, 2012 5:24am
Thanks pipmunks, simplicity, khairul81 and Alec for looking at my chart.

It is realy great to hear you opinion.

I was in front of the screen and didnt like this setup. But i took the trade because of a small stop. Was a loser.

Many pips to all of you
  • #10,122
  • Jul 18, 2012 7:59pm Jul 18, 2012 7:59pm
I just covered my USDJPY short trade. It may go further down, but I saw divergence and my reward was already greater than 3 x my initial risk. I am very happy with my beginner's luck! Now I can loose three trades in a row and still break even, so less stress .
Attached Image
  • #10,123
  • Jul 19, 2012 3:21am Jul 19, 2012 3:21am
Quoting Hairball
I just covered my USDJPY short trade. It may go further down, but I saw divergence and my reward was already greater than 3 x my initial risk. I am very happy with my beginner's luck! Now I can loose three trades in a row and still break even, so less stress .
Good trade Hairball!

Nice stop. Your entrybar was a insidebar aswell. And the corrective was about 62 fib.

Do what works for you! You could take a look at the H4 and Daily chart aswell. They are more common than the H8 chart.
  • #10,124
  • Jul 19, 2012 4:57am Jul 19, 2012 4:57am
Havent been here for a while,

Just wanted to say good bye to all.

I am part of the 95% of people who failed.

Not wasting any more of my life on forex. GOODLUCK to all and thanks for your help!!
  • #10,125
  • Jul 19, 2012 8:57am Jul 19, 2012 8:57am
Let's not to be that poor Fox from Sho's story If we help each other and work hard on our discipline, we will make it. We just need to love what we do. If we don't love trading, why trade? And listen what the most successful people say about this:
"...Sometimes life hits you in the head with a brick. Don't lose faith. I'm convinced that the only thing that kept me going was that I loved what I did. You've got to find what you love. And that is as true for your work as it is for your lovers. Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven't found it yet, keep looking. Don't settle. As with all matters of the heart, you'll know when you find it. And, like any great relationship, it just gets better and better as the years roll on. So keep looking until you find it. Don't settle. ..." Steve Jobs

IB (Pin) breakout on 4H TF
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej201207191.gif Size: 21 KB
Click to Enlarge Name: ej201207192.gif Size: 22 KB
Look for reasons not to take a trade.
  • #10,126
  • Jul 19, 2012 9:24am Jul 19, 2012 9:24am
1H view : BUOB configuration, source from SR level. Looking for bullish PA on lower TF to get entry north.
M15 view : BUY after M15 IB formed on recent R become S, also minor RN 1.5050.

Attached Image (click to enlarge)
Click to Enlarge Name: 2211PM GBPAUD 1 EDIT.png Size: 24 KB


Already BE +1, free trade. 1st TP area near RN 1.5100.
Hope this setup hit my 1st TP
  • #10,127
  • Jul 19, 2012 9:46am Jul 19, 2012 9:46am
Quoting pipmunks
1H view : BUOB configuration, source from SR level. Looking for bullish PA on lower TF to get entry north.
M15 view : BUY after M15 IB formed on recent R become S, also minor RN 1.5050.

Attachment

Already BE +1, free trade. 1st TP area near RN 1.5100.
Hope this setup hit my 1st TP
Nice! Impulsive > Corrective > IB setup
Look for reasons not to take a trade.
  • #10,128
  • Jul 19, 2012 10:12am Jul 19, 2012 10:12am
Quoting overseaz
Nice! Impulsive > Corrective > IB setup
Hi Alec How's your trading day?
I've some problem while browse the thread. My browser can't load until the end of the page. It just stopped after loading some post. Am I the only one experiencing this problem?
  • #10,129
  • Jul 19, 2012 1:26pm Jul 19, 2012 1:26pm
Quoting pipmunks
Hi Alec How's your trading day?
I've some problem while browse the thread. My browser can't load until the end of the page. It just stopped after loading some post. Am I the only one experiencing this problem?
Hi Pipmunks,
My day was good. You can see my trade. Working hard on not to take substandard setups. No overtrading.
I don't have any problems with FF today. Everything is working just fine for me.
Thanks for asking.
Look for reasons not to take a trade.
  • #10,130
  • Edited 7:12am Jul 24, 2012 3:44am | Edited 7:12am
Hi guys! I'd like your opinion about this setup. Please see the chart.
Master Sho, Pipmunks, Kai, Chris and others who have good experience with this PA method:
What do you think about this setup, good or no good? Should I sell right now or it's not a valid setup?
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 264 KB
Look for reasons not to take a trade.
  • #10,131
  • Jul 24, 2012 11:10am Jul 24, 2012 11:10am
Hi Alec

Like the chart looks "right now" it is no entry for me because there is no clear priceaction. I dont like the long tail at the last bar and the pinbar after the 2 insidebars.

But if i saw the chart just two bars earlier it would be a short entry for me because of the ib break to downside. Right after my entrybar closed and formed a pinbar i would have moved stop to the top of this bar +1 pip and spread. For me now it dont seems like i am right with my short. Waiting for the market to hit my stop or move in my direction.
Attached Image (click to enlarge)
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  • #10,132
  • Jul 24, 2012 12:32pm Jul 24, 2012 12:32pm
Took my last trade for the day.. short in GU for 10 pips..

It was yet another good trading day

http://spartan-trader.blogspot.in
Attached Image (click to enlarge)
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  • #10,133
  • Edited 7:49am Jul 27, 2012 4:05am | Edited 7:49am
Quoting Clean Chart
Hi Alec

Like the chart looks "right now" it is no entry for me because there is no clear priceaction. I dont like the long tail at the last bar and the pinbar after the 2 insidebars.

But if i saw the chart just two bars earlier it would be a short entry for me because of the ib break to downside. Right after my entrybar closed and formed a pinbar i would have moved stop to the top of this bar +1 pip and spread. For me now it dont seems like i am right with my short. Waiting for the market to hit my stop or move in my direction.
Thank you Chris.
What do you think about the same setup to the upside? Please see the chart
Would you take the trade right now?
What would you do guys, entry or no entry? Last bar is closed already.
Attached Image (click to enlarge)
Click to Enlarge Name: sample.jpg Size: 35 KB
Look for reasons not to take a trade.
  • #10,134
  • Jul 30, 2012 4:16am Jul 30, 2012 4:16am
Been reading through the thread again over the weekend.

Entered short after small PB, market came back to test this break area before dropping again.

Market now coming back to test previous support level.
Attached Image (click to enlarge)
Click to Enlarge Name: 30th JUly EU 15m Chart.jpg Size: 105 KB
  • #10,135
  • Jul 30, 2012 4:42am Jul 30, 2012 4:42am
Quoting stevepatt
Been reading through the thread again over the weekend.

Entered short after small PB, market came back to test this break area before dropping again.

Market now coming back to test previous support level.
Out for 2R return.
  • #10,136
  • Jul 30, 2012 5:02am Jul 30, 2012 5:02am
Quoting stevepatt
Out for 2R return.
Hi Steve, nice trade! Thanks for sharing. Would you tell us how you set the TP?
  • #10,137
  • Jul 30, 2012 5:09am Jul 30, 2012 5:09am
Quoting overseaz
Thank you Chris.
What do you think about the same setup to the upside? Please see the chart
Would you take the trade right now?
What would you do guys, entry or no entry? Last bar is closed already.
Hi Alec

For me it is almost the same setup. Like the chart looks "right now" i would not take a trade. For me no clear priceaction. But one bar before i would have taken the double IB break. Stop 1 pip below the IB.

What would you do?
  • #10,138
  • Jul 30, 2012 5:25am Jul 30, 2012 5:25am
Entered short again after PB
Attached Image (click to enlarge)
Click to Enlarge Name: 30th July EU 15m Chart 2.jpg Size: 94 KB
  • #10,139
  • Jul 30, 2012 5:29am Jul 30, 2012 5:29am
Quoting Clean Chart
Hi Steve, nice trade! Thanks for sharing. Would you tell us how you set the TP?
Hi Clean Chart,

I was hoping to see a break of the 1.2250 RN but there wasn't enough momentum to get there. If market breaks the 1.2250 level there could be a big move down check the 4h chart.

Regards

Steve
  • #10,140
  • Jul 30, 2012 5:40am Jul 30, 2012 5:40am
Quoting stevepatt
Entered short again after PB
Exited for a 2 pip loss not a good trade SL too big and not in the right place.
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