Stopped out (1R) move on to the next opportunity.

Intraday price action trend trading

I think I'll stick to trading what I see happening in terms of PA. In short all I'm looking for is an impulsive move followed by a corrective move that hits some sort of supply/demand, support/resistance or RN and then look for the PA to take a ...

Sonic R. System

EU 15m Chart — Long on EU

Intraday price action trend trading

Hi Worldfreedom, How do you know this is happening? Cheers Steve

Sonic R. System

Hi Brian, If you look back to the 9th August there is a big supply level. Market touched this level yesterday and bounced, market nearly broke through it today. If that supply level is exhausted market could move back up and break through but we ...

Intraday price action trend trading

Exited for 1.32R too many long wicks.

Intraday price action trend trading

AU 15m chart — AU long, not the most obvious impulsive move but market broke two inside candles and trend line. Market had also made an HH during Asian session. Watching PA around RN and supply level for TP.

Intraday price action trend trading

Hi Clean Chart, No I missed it, I was out for the afternoon with my son. But it illustrates the benefits of having the patience to wait for the market to come to us and not chase a trade. If a trade, we are taking, doesn't feel right chances are it ...

Intraday price action trend trading

Hi H, Nice analysis, I like your simple and straight forward approach to looking at the market. You don't over complicate things and make it straight forward for everyone to understand what you are looking at. Keep posting your trade setups I, for ...

Sonic R. System

Hi Alec, Welcome back, hope you had a good trip? I like the way your looking at things. I tend to stick to the time frame I'm trading to find what I need to trade, but that's just me I find it hard to multi task LOL. As long as we keep looking for ...

Intraday price action trend trading

AU 15m Chart — Hi FxP, I wasn't watching AU at this time to tell you the truth I was watching EU. I don't think I would have gone short because market didn't break below the bearish PB.

Intraday price action trend trading

EU 15m Chart — EU long

Intraday price action trend trading

AU 15m Chart — AU long

Intraday price action trend trading

I haven't got a clue what your talking about, do you?? Explain why you took the trade I'm sure everyone here is hanging on your every word. You've not heard the child's story about the King who was so vain he was convinced the suit he was wearing ...

Sonic R. System

No idea what I'm supposed to be looking at or why, has the King got any clothes on????? No didn't think so!!!

Sonic R. System

Hi Clean Chart, Nice trade, I see the 78.500 RN right above you as well acting as support/resistance. I like to see an impulsive move break a RN with momentum and then the corrective move to retrace back to it and then look for PA to take a trade. ...

Intraday price action trend trading

Hi Brian, For me a Corrective move becomes Impulsive for different reasons. If it breaks a level of support or resistance or breaks through to the opposite side of the 10 EMA channel or as you say makes a new high or low. After watching these moves ...

Intraday price action trend trading

EU 15m Chart — EU short. This is an aggressive entry after the corrective move hits the Asian short term resistance. By getting in early I can use a much smaller SL.

Intraday price action trend trading

Hi Clean Chart, I did thanks. I don't usually get this much time to trade, taking some time out to focus on it a bit more. It certainly helps not to be in any hurry to find trades. I just post what I see as the trade materialises I'll keep posting ...

Intraday price action trend trading

AU 15m Chart — AU Long after market broke through short term support/resistance level Out at BE

Intraday price action trend trading