EU 4h Chart — Could be forming top of a new trading range, who knows, we'll have to wait and see??

Sonic R. System

Hi Simplicity, Nice trade using a very small SL, ideally it would have been good to get the small PN stopping dead at previous short term resistance turning to support. I think finding such reversal points and using a very small SL is the way to go ...

Intraday price action trend trading

EU m Chart — Did anyone trade these set ups? Would anyone else consider them valid set ups?

Intraday price action trend trading

EU 5m Chart — Took this short trade, after looking at Bouba's and Simplicity's trades and re-reading the essence of Sho's thread I can see more clearly.

Intraday price action trend trading

EU 1h and 4h Charts — The resistance looks like it's turning to support but how far is this new trading range going to go?

Intraday price action trend trading

Take a look on 1h chart lots of resistance maybe turning to support have to wait and see.

Sonic R. System

EU 1h Chart — Are we going to get a test of former resistance and is it going to hold could be the start of a new trading range?

Intraday price action trend trading

I look for an impulse move that has bars with little or no bar shadow top and bottom it shows a much stronger impulsive move and then look for a corrective move that has smaller bars with shadow top and bottom. There no real right or wrong way to ...

Intraday price action trend trading

EU 5m Chart — Who says lightning doesn't strike twice almost a carbon copy of yesterday's trade, and I remembered to capture a screen shot of the actual trade.

Intraday price action trend trading

EU 15m Chart — Hi Laziale, What your looking for is momentum, bars that have little or no shadow, you then look for the pull back to the Keltner Channel and look for set ups. I find it helps to look at higher TFs to find areas of supply and ...

Intraday price action trend trading

EU 5m hart — Got stopped out, at BE, on first attempt long the following 5m bar was bullish and it's low was exactly the same as previous bar low. It's hard to put into words but once you have been watching a pair for a long period of time you ...

Intraday price action trend trading

[QUOTE=palmy;5359213]Thanks Steve. I realised my mistake right after I entered at #C. On reflection, I realised my mistake was going through a few pairs at the same time without detailing my steps. Thanks again for pointing to me the proper entry. ...

Intraday price action trend trading

Hi Palmy, I think you did get lucky here because after the bullish momentum there where four 5m bars reversing from this level creating strong short term resistance. The better play would have been to wait for the break, of this short term ...

Intraday price action trend trading

Hi Palmy, Here's the explaination.

Intraday price action trend trading

Hi Palmy, I don't trade EA because of the spread, but looking at your chart I like to see a positive finish to a impulsive move, with no or very little wick, when there is a big wick, like here, it can indicate a lack of sustained momentum. Hope ...

Intraday price action trend trading

Hi Simplicity, I think the setup was good, the market stalled at a supply level there was the big red momentum bar and where you entered there had been 5 inside bars the only thing I might have done differently is to place the SL at the swing high ...

Intraday price action trend trading

EU 5m Chart — Took two short trades, first was stopped out for -10 pips second took +30 pips I will try and take screen shots at trade entry in future but I tend to get too focused on what I'm doing to do that.

Intraday price action trend trading

Hi Simplicity, Your right it was a risky trade to take but it allowed me to get away with an 8 pip SL so I thought the risk to reward was worth it. In hind sight I should have let it go and waited for a better set up but at least it was with the ...

Intraday price action trend trading

I think boubafx is spot on with his appraisal, I certainly wouldn't have been looking to go long.

Intraday price action trend trading

EU — Took two short trades on EU in direction of trend at short term resistance, I've been watching Sho's videos on YuoTube and he uses short term support and resistance to enter trades early and then exit at next area of S or R

Intraday price action trend trading