DislikedHi Sim,
Yep, I'm taking Sho's advice on board and will try to keep my stops to under 12 pips next week....Ignored
rest is easy.
see the circle area now and read the chart
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DislikedHi Sim,
Yep, I'm taking Sho's advice on board and will try to keep my stops to under 12 pips next week....Ignored
DislikedInteresting strategy, I am a newbie in Forex land and disappointed with
many systems.....This looks straight foward without the hocus pocus.
Where can I follow or read a comprohensive explanation and how can
I get guidance while trading, I don't mind paying for this serviceIgnored
Dislikednice sutts, but shouldnt we take all of them with small stops like sho teaches?Ignored
DislikedHi Sho,
So you don't wait for the candle to close before you make a decision to moved your stop to BE, is this what you are personally doing?
ThanksIgnored
Dislikedthere is lots of entrys but i just showed 1 entry and 1 no entry.
rest is easy.
see the circle area now and read the chartIgnored
DislikedYeah this was awesome thanks! Sutts I agree,, a GREAT way to learn
One quick question..I like the comment where you say you see the impulse and correction, but to me the symmetry sorta gets in the way, I see the impulse move going up as equal to the corrective, so I can't actually decide that it was a corrective move... :sIgnored
DislikedI'm a little confused too in how we identify an impulse/corrective move. Could it be the presence of one or more momentum bars that makes an impulse move and the lack of momentum (smaller bars and/or bars with wicks) that defines a corrective move? As you say, in this case the size of the bars on the up and down move is pretty evenly matched.
I was beginning to think that an impulse move was defined according to the move(s) that preceded it. For instance, if there was a massive down move with large momentum bars hidden behind the left border of...Ignored
DislikedI'm really enjoying trading this way and will be doing so exclusively from now on (thanks Sho!). Lots of practice required of course. Just wondering if anyone would be available regularly to discuss Sho's teachings and potential setups on key pairs. It kind of felt lonely on Friday.
I'm around weekdays from 06:30 - 13:00 GMT and often carry on through the London afternoon session depending on commitments.
We could even setup a chat room of our own so this thread doesn't get too cluttered. The one below is pretty good:
http://www.ircforex.com/faq/main/#faq_create_chatroom...Ignored
DislikedCheers IAK, great stuff. Your profile says you're UK based - is that correct?
What pairs do you like to watch?
DaveIgnored
DislikedNice post again sutts
And thanks to previous poster for your insight.. helped clear my own thoughts too!
Here's how I see it, in that situation and as I do a lot in live trading, I see the corrective move as an actual impulsive move :s ... in that case there was an impulsive move up, impulse down. Obviously this doesnt make sense and I would have made a judgement regarding the previous impulses, not on the chart
But saying that, maybe there is no such thing as an impulsive then impulsive.. as sho states.. must be impulsive-corrective
This also...Ignored
DislikedHi, yes uk based. down in cornwall. i only trade eur/usd. get all muddled and stressed if i try and look at multiple pairs!Ignored