Thanks for your help CodeMeister, I'll keep that in mind next time. Would be interested in seeing which bars you would have traded as I find it really helps comparing notes with someone who knows what they're doing! Thanks, Dave

intraday trend trading with price action

I think I really need some help please guys - interpreting price action. Here are my trades from this morning on GU. Trade 1 Channel heading down nicely. Rejection of prior support level plus central channel line. Exited for -2 at the close of next ...

intraday trend trading with price action

Thanks for confirming Victory. I think I'm getting confused because I believe Sho will take a trade based on pin bar without subsequent confirmation. Example attached. I'm not saying anyone is right or wrong, I'm just trying to understand everyone's ...

intraday trend trading with price action

Victory, Thanks for posting your charts. It's encouraging that you're doing so well. Would it be possible to point to your entry bar when you post charts please as it isn't always obvious to noobs like me! In the chart above I guess the big pin bar ...

intraday trend trading with price action

Hi Sho, Am I correct in saying we should be extra careful when taking trades off the furthest away channel line (top line in downtrend)? By definition, the price has made a significant retracement and the trend could be breaking down at this point. ...

intraday trend trading with price action

Thanks Sho, appreciate the help. I'll be back London open.

intraday trend trading with price action

Thanks for making the effort to help us out Sho, this could really help me. I've just picked up on your thread and tried a couple of trades which I post below. Were these OK trades? I took 20 pips on the first and I'm trailing the second for now. ...

intraday trend trading with price action

OK, thanks Custos. Cheers, Dave

Trend Trading All Pairs

Thanks for your help Custos, I'm much clearer now on the entry options. Will you avoid all EU short trades until the Monthly charts turn down? Cheers, Dave

Trend Trading All Pairs

Seems to be a possible H1 short setup for EUR/CHF, although the recent higher low is a worry. M15 BPC forming against H4 resistance and Monthly S1. Too high risk??? Also USD/CAD short setup on H4 with BPC forming on H1.

Trend Trading All Pairs

Is anyone considering taking the EU daily setup with the BPC on the H4 with an entry around 1.4450? It bounced off some key daily resistance and the monthly pivot and was almost in the fib zone. Thanks

Trend Trading All Pairs

Great advice Custos, thanks! Can I just confirm please that the BPC we are talking about had a high of 1.4512? I'm asking because there appears to be a smaller BPC that I missed on the break of the steeper H1 retracement TL. Piccy attached.

Trend Trading All Pairs

Custos, Did you take that 15M BPC on EU? I did and it just stopped me out. Were there any warnings that I should have taken note of or actions I should have taken to avoid this? Thanks

Trend Trading All Pairs

Thanks for the pointers, that's a great help guys. Dave

Trend Trading All Pairs

Thanks for the help. One other question please: if the setup is on an H4 chart, do you ever go lower than H1 to find the BPC? I often find nice looking BPCs on the 15M and 5M when waiting for an H1 BPC. Are these too risky? Thanks

Trend Trading All Pairs

Thanks Custos, NM, I've got that last thrust a fraction of a pip below the last high. If it were to exceed it by only one pip, would the setup be scrapped?

Trend Trading All Pairs

NM, I take it you'll be looking for a BPC on the H1 timeframe for this EURCAD setup? If this current hourly bar fails to break the last high, will we then be looking to enter just below the 1.49 level? Thanks

Trend Trading All Pairs

Thanks Custos, appreciate your help. I'm trying to kick the indicator habit so it's an up hill struggle. Dave

Trend Trading All Pairs

Thanks for the advice Custos, I'll take a look at that level. Cheers, Dave

Trend Trading All Pairs

I watched what I thought was a flag develop this morning on the GBPUSD M30/H1 and sure enough it broke to the upside. I was searching for a BPC to help me get in on the action but the only one seemed to be on the M15/M5 with a top of 6137 and a base ...

Trend Trading All Pairs