Intraday price action trend trading

Out of the trade. Market is slow. -1,7 pips

UC short

Downtrend. IB break to the upside, but next bar formed a pinbar. After the IB broke to the downside i took the short.

Watching PA for the target. Hope to get at least 0,98000

Out with -6,1 pips

EJ long, pinbar setup

Too bad CC, you let that winner become loser, you had a chance to reduce your SL in the next bar after your entry.

Hi Clean Chart,

If you check the daily chart there's a support level right where it bounced.

AU long.

There had been a strong up move during the Asian session I entered after market was reluctant to break short term S/R the blue rectangle on my chart also relates to a support level going back to the 31st Aug

Out, +4,4 pips

You are rigth. Bar 2 after my entry was a IB. Stop should have been 1pip + spread above this bar. Didnt follow my rules

Yes, you are right. Thats why my target was abou 0,9800. My low was 0,9850, think i wanted to much. I have to pay the bill

Got a stop

EU short because of the IB and pinbar break to the downside. Stop 1 pip + spread above the IB.

Playing the resistance because of the ib break to to downside and momentum is slowing.

Waching PA for the target at the next support (about 15 pips r1:2)

Right now market is slow. Bad time (lunch-monday) for a trade like that, if market doesnt move ill get out.


- out, -7,2pip -

AU short.

Been busy at work recently and not much time for trading. Took this short trade on AU let it run after LC but looking good.

Set the take profit and let it run, could have made a bit more on this but happy with the 30 pips (3R)

AU short.

Same setup as the last trade, PB at 10 EMA and price below 15m 50 ema and 1h 50 ema.

TP hit 15 pips (1.5R)

Hi Sho,
Thanks again for those awesome videos you made few months ago. I can see the setups develop few times a month.
I didn't understand the value of the videos when I watched it first couple of times, but now I wish you made more videos.
God bless you.
Alec

One of the setups. Today.

My name is Ghassan.
I am 24 years old, i have been trading Forex for four years.
I'll share my analysis here, where i can predict the possible ranges of price in which the currencies are expected to reverse.

Why am I sharing this analysis?

- I am actually very happy that i could reach a level where i can predict the market to a high level of accuracy that am satisfied with and makes me real money . so i want to share it with others so i can see the effect of it (good effect i hope) on others. and at the same time widen my business one step further.

What are the (Reversal Zones)?

- The Possible reversal zones are areas in which the price is highly expected to reverse or at least halt for sometime. and when broken, it's expected to hold the price beyond it.
Please note that this is NOT a signal service, i will NOT give any specified entry point or exit, entering the trade at specific price is up to you, you can choose any way you like to make the decision of entering at some price. this analysis is not designed for beginner, you should have some essential knowledge about technicals, (candlesticks, support and resistance, maybe some RSI and Stochastic), you can combine this analysis with your strategy and enhance your results or make your strategy actually profitable, like if you find a trade trigger according to your strategy in the blue zone, then it would be much much stronger and more accurate to enter the trade.

- I will not post the past results for these zones because i don't think this way represents the true value, instead i will post the zones live everyday so you can actually check them live and see how powerful these zones are, and even trade them if you like, it is absolutely free in the first week. so you won't pay for something you haven't tried.
This first week you don't have anything to lose , but you have so many pips to win.

How to read these zones?

- you will see 1- 4 blue zones on each pair everyday, all of them are possible reversal zones you will have to check price action closely when reaching them.
it is not recommended to enter the trades by just touching these zones or entering them (though it works many times this way).

- The analysis is published as 7 pictures, each one shows the possible reversal zones on one pair. and it will be published everyday anytime between 12 - 8 am GMT. and it is to be traded only in Europe and US sessions.

- Use these zones with correlation, meaning that it's better and very very recommended to trade only when price comes to the zones on all the pairs or most of them and shows an indication for reversal on most of these pairs.


- The way i trade these zone is i wait until price comes to these zones on all or most of the pairs, watch the price action, check candles formations and when i see for example a pinbar or engulfing candles on most of the pairs in correlation, then i enter all pairs together and exit them together later.the pairs i trade are
(1) EURUSD, GBPUSD, AUDUSD, NZDUSD, EURJPY------they go in the same direction
(2) USDCHF, USDCAD----------------------------they go in the other direction
this means that when i see a bullish pinball on EURUSD for example, i check the correlated pairs and if i find a bullish pinbar or any bullish signal on the correlated pairs and any bearish signal on the anti correlated pairs , i buy the pairs in group (1) and sell group (2) at the same time.

Take Profit:

- there are many ways also. my favorite is when two or more pairs hit the next blue zone, this is a good time where you can take some profit, the overall pips in profit this way is 100-400 on average (on 7 pairs), you can also exit on some weaker S/R zones, sometimes you may find two yellow lines but the area between them is not blue, these are minor S/R levels but they are good to exit at. please not that one pair could be in loss while others are in profit and the net result is positive, it's ok exit all pairs together.
You can also move your stops to your entries when next blue zones are hit, and then take your profit when you see a pinbar at the next blue zone. this way you can extend your profit by holding your positions to the next day and then check the new reversal zones and surf with the trend.

Stop Loss:

- the best way to exit on loss is when candles close outside the zones, this way there a high probability that this zone is broken and price will continue going beyond it, so you better cut your losses here and exit all pairs together. please note that despite this, one pair may be in profit and the others are in loss, it's ok exit all together.
putting a stop loss at an exact number could be unsuitable thing to do cause there is high probability that after hitting your stop, the candle will come back and close inside the zone and then to into your favor. anyway you can put a stop loss a few pips beyond the next blue zone, this way you will protect yourself from undesired rallies on the market. expected loss on a single package trade (7 pairs with correlation) could reach 300 so please consider that in your money management.

What to expect from this analysis?

- These zones hold with an accuracy of around 85% and even more when using suitable price action reading and correlation, and give an average of 100-400 pips on one package trade when trading all pairs together at the same time , . you will see the results in the free first week.
when trading single pair, the result you will get depends on the ATR of each currency and the distance until the next blue zone. any way the minimum you can get on one package trade when trading with correlation is 70-80 pips at the beginning, but after a while you will get hundreds of pips in one trade as you master reading the zones.


News Releases:

- it is recommended to stay away from the market at news releases, specially the strong ones, or when one of the big boy speaks, like Bernanke, Mario Draghi…etc. market will move rapidly, and you may hit hundreds of pips in profit within minutes, but also you may hit hundreds in loss, so just watch out.

Money management:

- it is very critical to have a good fixed money management considering that trading with correlation on 7 pairs will make your P/L move strongly so you must have a strict money management to protect your capital, avoid big drawdown and increase your money and maintain a good profit with a low risk. you may use the 5%-of-capital risk, or 10% or any risk you like, but the best method i found is to risk only the money you are comfortable to lose within one day, regardless of the size of your invested capital.
read this thread, very useful:
Risk Reward and Money Management in Forex ... - Learn To Trade

Trading Psychology:

- This may be the most important part of all these trading instructions . there is a thin yet very critical line between success and failure, and this applies to any field in our lives in general and of course trading forex as specific. and This very line is "Mindset"
A British Billionaire was asked in the last century :"why don't you billionaires distribute your billions to all others people in the world, so everyone would have the same amount like the other, then there would be no poor, everyone would have money". He answered : "Well we could do this, but keep in mind that within a few months or a couple of years everything would come back the same, the rich will get rich back and the poor would return poor again,as exactly as they had been, because it is not about the money, it is about the mindsets they have".

- So I highly recommend that you change your mindset if you are losing now, and keep it and enhance it even more if you are in profit.This is the first step you need to make to become wealthy not only rich.

- Below are some of the best videos, movies and documentaries that will really really help you become more adapted with the mindset of the wealthy life.

"The ultimate trader psychology" by Tom Willard
"Developing a Trader's State of Mind" by Rande Howell
"The Secret" by Rhonda Byrne
"The Opus"
"Famous failures" short video on youtube
"The pursuit if happiness" very inspiring movie based on a true story
"Wall street" 1 & 2, both are great

"Imaginations Is everything, It'a the preview of life's coming attractions"

__________________________Albert Einstein_______________________________

as a start here are the pictures i uploaded to another forum, they show the possible reversal zones in blue color, and look how price respected them very well until the next day.

I'm trying to upload some charts to this thread, but the windows keeps telling me that i reached my limit, what can i do now, i can't start any new thread because am still "junior" member, and now i can't upload new pictures, how on Earth could i be able to share my analysis!!!

This is for any seasoned PA trader. Sho said to increase deviation for higher TF with Keltner channel. I know that Sho said standard deviation for 15M TF is a standard deviation of 10. My question is : Is there a formula for calculating the standard deviations for the larger TF... 1hr, 4hr, daily, weekly, and monthly--or--- should I just go into the indicator and move the deviation until the keltner lines approximates the look of the 15M TF only scaled up??? Thank you , Russ