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Old Aug 19th, 2012, 06:29 AM   #1
oilfxpro
 
 
Join Date: Oct 2007
Location: london
Posts: 1,593
I want to learn other intraday set ups , if anyone is willing to post.

15 m trendline/supply line; If a trendline is formed on 15 min charts and 1 min charts , look for price action set up in direction of trend line .

If a trendline is formed on 15 min charts and 1 min charts , look for price action retracement set up in direction of trend line

Look for trades in direction of lwma 18 on 15 minutes

Look for a stochastic cross on 15 min to confirm market entry (see image)

Always place buy stop and sell stops below key support and resistance levels , even if indicators do not show early indications.They will show indications at those levels.

Stop loss 12/20
Target 1 18 pips / target 2 run your profits until up move is over
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File Type: jpg stochastic.jpg (154.9 KB, 502 views)
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Old Aug 19th, 2012, 06:39 AM   #2
oilfxpro
 
 
Join Date: Oct 2007
Location: london
Posts: 1,593
The secret of using this method is to filter out entries against trend lines and key support and resistance.
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File Type: jpg stochastic2.jpg (164.6 KB, 335 views)
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Old Aug 19th, 2012, 06:43 AM   #3
oilfxpro
 
 
Join Date: Oct 2007
Location: london
Posts: 1,593
This site has some set ups , saves me posting

http://www.greenfaucet.com/technical...-set-ups/16444

http://www.online-stock-trading-guid...trategies.html

http://www.traderslog.com/profit-fro...-retracements/
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Old Aug 19th, 2012, 10:42 AM   #4
bmwhendrix
 
 
Join Date: Aug 2006
Location: Key West/Boston
Posts: 1,398
The sto really does not tell you anything that the price action does not. Simple trendline break and pullback. Oscillators cross all the time, and most mean nothing. FWIW.
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Old Aug 19th, 2012, 12:29 PM   #5
FreakofNature
 
 
Join Date: Jun 2011
Posts: 1,119
The OP is living in la la la land thinking stochastics got predictive value.
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Old Aug 19th, 2012, 01:46 PM   #6
lindq
 
 
Join Date: Mar 2002
Posts: 2,518
Quote:
Quote from oilfxpro:

I want to learn other intraday set ups , if anyone is willing to post.
The first place to start is in throwing out all technical indicators and chart elements.

Then go back to square one and define your strategy. What is your reason for entering a trade?

I don't see it here. So spell it out in plain English.

Are you looking to ride momentum? Are you buying into weakness?
Are you trading gaps? Just what is it that you want to do....and WHY?

If you don't know, and can't first define a clear logic as to what your strategy is, then you aren't yet ready to initiate any trades.
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