DislikedI know, I am an addict what can I say.
I can hope I can at least catch up with you!Ignored
Anyway, very please to see the old guy here.
I'm off today.
See you and all.
City
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DislikedI know, I am an addict what can I say.
I can hope I can at least catch up with you!Ignored
DislikedDont say that, you may focus your catch up on Rob, real good player!! For me, always only 10p on average play
Anyway, very please to see the old guy here.
I'm off today.
See you and all.
CityIgnored
DislikedYes it was a bit of a waiting game on GU today.
Two nice shorts on GBPUSD & EURJPY below. It took news to get the GU wheels in motion.
I've scalped EJ & EU earlier but the two below might give me a bit more to finish the day.
Let's also remember that GBPUSD has been rejected by a major supply zone and it was over-bought on the daily.
RobIgnored
Dislikedi just want to know how to determine the tend ,just follow the Keltner Channel???Ignored
Dislikedread this , watch "momentum" "impulsive wave" and "corrective wave"
http://www.forexfactory.com/showthre...light=momentumIgnored
DislikedHi mate,
I'm not senior here, but may be I can share something with you based on my 6 mths' study on Sho's method.
Take your time, no one can master the momentum stuff in one day. And don't simply rely on the pin / inside / outside bars etc to trade, there would be so many false signals.
What I can share with you is that the keltner channel can give you a quick reference on the major trend in your particular time frame (we mostly fix our entry and exit on M15). Within the major trend, figure out those impulsive and corrective waves, once...Ignored
Dislikedthanks Buildcity,i will learn hard to understand the rule....you are very kind....Ignored
DislikedHere's a 20 pip scalp within good momentum with a TP of +20 set in advance.
Notice how a much lower risk entry opportunity came along after I entered. I could have done three things there:
1) entered a 2nd position
2) move the stop for my original position to the bottom of the red IB
3) done nothing and let the original trade play out
In hindsight, I personally would have liked to have seen myself take option 2 to reduce risk.
There was a very similar move on GBPUSD going on and that trade gave me a pre-set TP of +15 pips.
RobIgnored
DislikedNice trade Rob
Actually I did downloard the paint.net, but my company didnt allow me to install!! Cant make nice pic like yoursIgnored
DislikedHere's a 20 pip scalp within good momentum with a TP of +20 set in advance.
Notice how a much lower risk entry opportunity came along after I entered. I could have done three things there:
1) entered a 2nd position
2) move the stop for my original position to the bottom of the red IB
3) done nothing and let the original trade play out
In hindsight, I personally would have liked to have seen myself take option 2 to reduce risk.
There was a very similar move on GBPUSD going on and that trade gave me a pre-set TP of +15 pips.
RobIgnored
DislikedHi Rob,
What made you go long at that level ? Isnt that level also a high supply area ? I understand that the short would have been a counter trend trade. Just inquisitive if you had any other reasons.
Cheers
AjIgnored
DislikedHey Kurt,
Great to see you here in this tremendous thread
I see you're actually an old-timer here since the early days.
Looking forward to sharing more charts with you.
RobIgnored
DislikedHi Arjun,
The reason for going long was "Strong momentum" and as Sho always says; "momentum exceeds everything".
We saw price consolidate for a few bars and the pin and IB gave us the opportunity to jump onto the train.
I've highlighted the momentum in the chart below.
RobIgnored