Looks like a nice entry Milton. I hope I would have taken it if I hadn't been at the docs.

Intraday price action trend trading

Speaking of inside bars, look at the bars prior to wave 6 in that chart. I wonder if we could have considered those bars as a mini corrective wave within the impulsive wave 5? If that was the case then wave 6 would have become impulsive as soon as ...

intraday trend trading with price action

Thanks for the pointers Kurt/TheNew. I think maybe my understanding may not be off after all. In that statement I was ignoring two situations where an impulsive move doesn't have to put in a new high or new low: 1. When a corrective move (doesn't ...

intraday trend trading with price action

I agree, Sho has been very generous and shown great patience with us, not to mention the time he has spent answering the many pages of questions. I think enough of us have a reasonable grasp of the method to keep the thread and the learning going. I ...

intraday trend trading with price action

Thanks francis, I'll check those out..... Dave

intraday trend trading with price action

It sounds like you're quite familiar with Elliot Wave theory Bankshot. I'm not 100% on all the rules yet but my take on it is that we are trying to catch the wave 3 and wave 5 impulses in the five wave pattern before the corrective ABC waves kick ...

intraday trend trading with price action

Nice chart adler thanks. Should be good for discussion. I'll leave the real comments to the master but perhaps I could make a few observations in the mean time....... These comments are based on feedback I've had from Sho in the past where I've ...

intraday trend trading with price action

Well done guys, looks like you had some positive pipage after I packed up for the day. I think I'll take a day off next time NFP is released. Catch you Monday.....

Intraday price action trend trading

Thanks for the kind words guys. I've learned much from your posts so let's keep the discussions going. I hope we can refine a set of rules that will keep us out of trouble and with luck we can learn from each other's successes and failures over ...

intraday trend trading with price action

That's my plan adler. I have a vague recollection of Sho recommending this but it could have come from elsewhere. I personally like the idea - if it hasn't worked after 3 tries then it probably isn't going to. Bit like stopping for the day if you've ...

intraday trend trading with price action

Glad I could help Milton, have a good weekend....

intraday trend trading with price action

Probably wise Pardy, not one of my trades ran today. Oh yeah, the EU short did but only after it stopped me out. Most wouldn't even give me B/E. I must learn to sit on my hands at times like these. I was following my rules - waiting for an ...

Intraday price action trend trading

Maybe I should shut up too!

intraday trend trading with price action

That one went to 4.7 loss I'm afraid Milton. My trouble is I just don't know when to stay out of the market! It had been quiet all morning and I'd lost on a few trades and was keen to have a win. I saw that run up and thought we were in ...

intraday trend trading with price action

Boy, you lot are quiet today.

intraday trend trading with price action

Where is everyone today? Nobody taking any trades?

Intraday price action trend trading

Thanks Sho, sounds good. See ya later.

intraday trend trading with price action

No problem adler, glad Sho has got us all thinking about it. What I mean is don't give up if the first signal bar goes against you and stops you out. If the move is still corrective then keep entering on subsequent signal bars as one of them will ...

intraday trend trading with price action

OK Sho, here's my first shot at a set of rules for a long position: RULES FOR A LONG POSITION ENTRY If a quick glance of a chart shows a clear impulse move with strong momentum bars to the long side then wait for pull back and take each signal bar ...

intraday trend trading with price action

Will be great to have you around Sho. If you could please point out some "nice momentum" moves for me at some point "live" then I think that could really help me. In terms of rules, were you thinking about entry or trade management rules or ...

intraday trend trading with price action