Got it, thanks.

Intraday price action trend trading

OK thanks Sho.

intraday trend trading with price action

Yeah, thought it might be risky Sho. Is the setup OK please? Also, how long do wait following big news before you trade? Thanks

Intraday price action trend trading

Took this with 9 pip stop. Any comments guys? I guess if the next bar closed in its current state it would be a nice inside bar long entry?

Intraday price action trend trading

I don't see much evidence of momentum on GU at the moment Sho. Please correct me if I'm wrong.

intraday trend trading with price action

Thanks Sho, something must be sinking into this thick skull of mine.

intraday trend trading with price action

Read all about it here Milton. Scroll down to Friday's news releases and click the little folder icon to the right of the "Non-Farm Employment Change" heading. url

intraday trend trading with price action

"Non Farm Payroll" Milton. Big market moving news release in 2.5 hours. The market often stagnates before such anouncements. Dave

intraday trend trading with price action

I think you're bang on there Milton, I've tried a long time to overcome "the need to be proven right" - that is a very expensive need. You might be at the stage I was a little while ago before reading the Mark Douglas book "Trading In The Zone". ...

intraday trend trading with price action

Are we in the non-farm payroll doldrums now? Not much action that I can see. Momentum, I need momentum .

Intraday price action trend trading

Don't worry Milton, I think the entry was probably OK. I do think your trade management was lacking in this case though. I've made some comments in the other thread. Cheers, Dave

Intraday price action trend trading

Hi Milton, I'm not sure if the signal bar was valid or not but what I do know: 1. We were definitely in a correction of a strong impulse move 2. We'd had a decent 61% pull back to the central channel line The only thing that might have caused ...

intraday trend trading with price action

Nice analysis Alan. I agree with your wave count (technically) but I can see CodeMeister's view too and I really don't have the experience to say which is right. Anyhow, I thought Elliot theory talks about 3 waves and then a correction so ...

intraday trend trading with price action

Nice to hear that Francis, thanks.

intraday trend trading with price action

Yes, me too - on the close of the blue arrow bar.

intraday trend trading with price action

Thanks Sho, this is my take on it. I think the down trend may be over now and we should be going long at the first opportunity. Not quite sure if the last bar is a valid signal though?

intraday trend trading with price action

Thanks Sho

intraday trend trading with price action

I think there is a continuous battle between the forces of supply (people wanting to sell at a certain price) and demand (people wanting to buy at a certain price). When there are more buy orders than sell orders at a certain price, the buy orders ...

intraday trend trading with price action

I'll keep that in mind Francis, thanks. I had my short entry ready on this IB but it didn't trigger as you say. What I'd like to find out is if Sho thinks it would be valid to have gone long at this point on the break of the IB upwards, even though ...

intraday trend trading with price action

This is great Sho, that's all my questions answered. Thanks for your efforts.

intraday trend trading with price action