This is great...I think we need to frame this one and hang it on the wall - something really clicked with me today. Thanks Sho and have a relaxing weekend. Dave

intraday trend trading with price action

OK I'm done for the day. Thanks for setting this room up Sho, at least we have a record of what went on (unlike the chat room I set up). See you here monday morning.....Have a great weekend all.

Intraday price action trend trading

Hey Sho, fantastic lesson - thanks. I'm beginning to see why reading the waves is so important. It gets you looking for the PA signs at the correct time and you start to anticipate.

intraday trend trading with price action

OK, this is my take on it Sho..... Thanks for asking! Edit: I think the confusion is arising from the area labelled A. It looks like a pull back to me but a higher low (new fractal) is not actually created so some people aren't counting this as a ...

intraday trend trading with price action

Give me a minute, I'll give it a try Sho.....

intraday trend trading with price action

Originally Posted by trade price image ok dave .with your picture i will show you how to take inside bar with small risk.even if you are wrong you will lose very small .not now later. Sho, In the above post you said you could show us how to take ...

intraday trend trading with price action

Great idea Sho.

intraday trend trading with price action

Thanks for posting those charts Sho. I'm so pleased I actually took 2 of the same trades. I'm still making mistakes but I can work on that. The important thing is my mistakes are no longer devastating my account as my stops are quite small now - ...

intraday trend trading with price action

I think what you say is correct. Sho said "i use only one time frame.with enough practice you can do that as well." He also told us that identifying the impulse waves is the most important thing "IMPULSIVE moves(momentum) is god father of all ...

intraday trend trading with price action

OK, thanks for confirming adler.

intraday trend trading with price action

Thanks for the fib tool set adler. I'll be having a play with that. A couple of questions if you don't mind..... My understanding is that on a morning you draw in the fib of the previous daily bar plus the fib of the last H4 swing and then you leave ...

intraday trend trading with price action

Did anyone take that GBPCHF short? I'm a bit sick as my target was missed by 1 pip and now it's retraced. Took 15 instead of the 30+ I could have had - didn't like that bullish reaction to the daily support. Need to work on my targeting.

intraday trend trading with price action

Thanks for posting adler. I'm a bit unsure how T1 was calculated? I've drawn my daily and H4 fibs this morning but nothing matches that level. I do have a weekly close at 3615 though.

intraday trend trading with price action

Thanks Francis, must remember, right bar in the right place......

intraday trend trading with price action

Thanks Francis. Any idea what we do with that inside bar on EU at the moment? Is it too near that daily TL to go long there? Same on EJ.

intraday trend trading with price action

Could someone please advise me how to handle inside bars? Do we take them on the break but only in line with the slope of the channel? Thanks!

intraday trend trading with price action

I agree, good reading of PA there. That bullish bar before the inside bar was a real warning.

intraday trend trading with price action

I think the bar to the left of the yellow arrow was a valid signal bar Milton. I guess you went short on the open of the bar with the arrow? I usually like to wait for a pullback before entering but I've seen plenty of trades posted with those ...

intraday trend trading with price action

Sorry to hear that Milton. Which bar did you enter on, what was your stop and how far did it run in your favour first? Dave

intraday trend trading with price action

Francis, here's that trade I took on USDCHF. Did it look wrong to you? Thanks Dave

intraday trend trading with price action