Xeqter, I would. And it offered some nice profits too. Although there was an area of resistance just above so I didn't take it. Rob

Intraday price action trend trading

Thanks Sho - zip file safely downloaded.

intraday trend trading with price action

Excellent analysis Sho!

Cable Update (GBPUSD)

Eric, There was a nice pin just below 1.45. Perhaps you mean that. This was a great opportunity to enter (using Sho's method) off the 15 minute chart (low risk), into the bigger picture painted by the 4 hr and weekly charts. Rob

Intraday price action trend trading

The weekly pin has kicked in. Also see Sho's post (yesterday) here Rob

Intraday price action trend trading

Something to keep in mind for tomorrow ... Today we saw almost a 50% retrace up the weekly pin. (Yesterday's chart below) Trade safe Rob

Intraday price action trend trading

Well Eric, after the 4hr pin (on my chart) and the strong bullish 4hr bar that followed, I still tend to expect more upside, but it's been a bit messy, as we've all seen. Your 4hr and my 4hr, close at different times so you and I see different 4hr ...

Intraday price action trend trading

GBPUSD 4hr — I'm keeping one eye on this intraday target for my GBPUSD long (where it says "Previous S&R Zone") - and the other eye on 15 min price action We've just been shown another low risk opportunity to go long on the 15 min ...

Intraday price action trend trading

Yes, I'll wait until morning CET and watch price action. If it does retrace from this current level of support (Friday's target), a retracement to the 1.46 region should not surprise us. Then again a direct fall from where we are now should not ...

Intraday price action trend trading

Before the new week starts — Cable made a strong move down on Friday and the week closed with a perfect weekly pin in the direction of the trend. Will it continue down or reverse at the current level of support? Good luck on Monday guys. Rob

Intraday price action trend trading

Sho, these levels work extremely well. The oldest chart below is yours from yesterday afternoon. The latest chart below shows where price ended the week. Price missed my TP by 1.2 pips as I was out when the market closed The lowest blue zone ...

Intraday price action trend trading

OK, instead of candle talk, perhaps I could describe the situation as 'high volume with price going no where'. But still I see the market makers as supplying the buyers. Then as we just saw it ...the MMs sell. I look forward to hearing more Sho. The ...

Intraday price action trend trading

OK Sho ... So are the dojis (building up below the amber support line) an area of distribution (Supply) where the smart money is distributing their supply to meet the buying that is entering market? Thanks, Rob

Intraday price action trend trading

Sho, You are very good at marking zones on the 4hr charts. Price travels from one to the other. GU was one perfect example today. 150 pips from one to the other. I can look at 4hr charts and mark up zones but I tend to have more levels than what you ...

Intraday price action trend trading

Yes Eric, GU has made us work for our pips these last few hrs

Intraday price action trend trading

Sho, Great looking 4hr charts. I have a short position on AU. Trendline broken on the 1hr chart and some bearish 1hr bars too. I'm out of GU until after news. Swissy for me is a difficult one. Are you anticipating that resistance on the monthly ...

Intraday price action trend trading

All the best Eric! Well done today! RE: Make fun while trading ... We all run our trading businesses in different ways. Having fun whilst trading might work best for you which is really great. Having been in business and international ...

Intraday price action trend trading

Here's a great passage from Mark Douglas ... "The market will quite naturally make you face what is inside of you on a moment-to-moment basis. What is inside of you could be confidence or fear, a perception of opportunity or loss, restraint or ...

Intraday price action trend trading

Ha ha ...I know what you mean about opening FF Hova. 30 pips is good. If you can make 30 pips every day you can do very very well. Great work Hova! Rob

Intraday price action trend trading

Hi Eric & Hova, Yes guys, I've been trading. I am giving my trading session my 'undivided attention' so my trades get laser-like focus. So I don't chat, watch TV, surf or email during that time. My daily pay-packet deserves all my attention - or ...

Intraday price action trend trading