I took that one francis but I bugged out at the 38.2 retrace of the big move up. 15 pips is 15 pips though.

Intraday price action trend trading

You could be right francis, thanks for reminding me. In this case though, at least on GU, the down bar dwarfs the previous up bars and the channel center line has turned down.

Intraday price action trend trading

I can see why you wanted to try a short here Sho. I'm interested in why you sold at that particular level though - it doesn't seem to be a break of the body or the bottom of the last bar. Is there something I'm missing?

Intraday price action trend trading

This guy you mentioned Sho. Has he posted anything we can read?

Intraday price action trend trading

Now that's nice downward momentum. Hope we can catch a signal on retrace....

Intraday price action trend trading

I don't plan on quitting Sho.

Intraday price action trend trading

OK thanks Sho. So next time I see an inside bar in a good location that I can't take because the stop is too big, I'll treat it like a normal signal bar and enter on a partial retrace when the max risk parameters are met - before the IB breaks.

Intraday price action trend trading

In such a situation where there is a clear triangle, can we anticipate the upward break of the IB and enter for less risk on the retrace prior to the break Sho?

Intraday price action trend trading

The stop was too big Sho - 18 pips or more. Did you manage to enter for less risk?

Intraday price action trend trading

I'm with FXCM Francis. Perhaps a difference in the daily cutoff line is affecting the view of the charts?

Intraday price action trend trading

I'm still waiting for a short signal on AUDUSD Sho. Did you take the short off those 3 rejections to the 50% daily retrace line?

Intraday price action trend trading

Possible pin bar forming on GU. Scary resistance above though.

Intraday price action trend trading

Thanks for confirming Sho.

Intraday price action trend trading

Did I play the trade correctly Sho? I got a fill at 1.3541 and when price bounced at 1.3550.8 I moved to B/E. I was then stopped out when it came right back on me....before it took off again. Edit: Just seen your post above. I guess the delay in ...

Intraday price action trend trading

Sho, I took the EU trade off that pin bar and moved to B/E when my risk was met. Just got stopped out though. How did you manage to stay in?

Intraday price action trend trading

Morning Francis. I hope it was valid as I took it. I guess a new signal bar would override the last inside bar but would be good to hear Sho's opinion on that.

Intraday price action trend trading

Morning Sho!

Intraday price action trend trading

I've always considered a momentum bar as a decent sized bar with small wicks in comparison to the body. Looking back through some of Sho's postings last night I think he includes hammers and inverted hammers too. I guess that makes sense since a ...

Intraday price action trend trading

Yep, suppose so.

Intraday price action trend trading

Well spotted Milton. Yes, have to agree there's some pretty serious divergence going on there. Sho says it shouldn't keep us out of entering trades but I guess we could move to B/E a bit quicker to account for the extra risk?

Intraday price action trend trading