Shorted this but not looking good.

Intraday price action trend trading

Err... You don't believe me? It is actually a break of levels like you mentioned in the first few pages.

intraday trend trading with price action

Got it! Thanks.

intraday trend trading with price action

Hi Sho you mentioned on your chart that 'now we know the corrective is ending when we see the break of inside bar...'. That was my point. So it is true that we know the corrective has become impulsive only when the IB is broken, and not before. You ...

intraday trend trading with price action

Hi Sho Thanks for the reply. I have indicated on the chart short yellow lines. The first showed a up line, second showed a short corretive wave. I thought that the third line should be a resumption of the impulsive wave, which means the trade should ...

intraday trend trading with price action

Hi Sho Thanks for your charts. The first one was easy to understand. The second chart, you entered short off the inside bar. What I don't understand is how did you know it was short? Before this, it was in uptrend. I thought the inside bar was part ...

intraday trend trading with price action

Hi all I am not sure this is the method Sho taught. I thought that it was just impulsive and correction waves in one time frame, and the break of levels in that time frame. He did look at higher time frames occasionally. But decisions were taken ...

intraday trend trading with price action

Should we wait for London to open? Seems quite choppy at the moment.

intraday trend trading with price action

both my trades in EU and GU were stopped out at BE. Taken them short.

intraday trend trading with price action

30 pips. Entered long 50 min ago but price has difficulty breaking north and the channel direction looks to turn back down.

intraday trend trading with price action

I am out about 90 min ago.

intraday trend trading with price action

Hi Megara My question arose because the bar next to the highest (the apex of the V) did not break the low of it. I had the impression that the high and low should be broken, then go down lower TF to search for a better price. Anyway, MJ has pm me ...

The System (Irony included)

Hi lazy I am in the trade too. Thought no one trades Asian.

intraday trend trading with price action

I am.

intraday trend trading with price action

Hi Milton I know! This setup was against everything I have known about PA, which is not much actually. But Sho did mention not to take divergence into account in opening trades, only in considering closing out trades. I would have waited for the ...

intraday trend trading with price action

On the same GJ setup, I have added a blue dotted line to show the level of support which became resistance, off which the huge bullish bar rejected. After I entered short, it seemed that the setup was valid as the next bar, which is an IB, too ...

intraday trend trading with price action

Hi Sutts the short was taken off the close of the long bar (preceding the IB) as it broke the support which became the resistance. I know it is crazy to take a short off a long bullish bar like that. But unless I am terribly mistaken, this method ...

intraday trend trading with price action

Hi Sho anything wrong with short at the arrow which did not work out? Thanks.

intraday trend trading with price action

with regards to the second bar you highlighted, I thought it may be dangerous to enter considering the size compared to the previous few. granted it showed a rejection of the level. it is good if you Sho can confirm that it is a safe entry, because ...

intraday trend trading with price action

This was good. You must be scanning many charts every 15-30 min to notice such a setup. Especially in a pair that is not one of the majors.

intraday trend trading with price action