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intraday trend trading with price action

  • #201
  • Feb 6, 2010 1:47pm Feb 6, 2010 1:47pm

hi Trade price
i read all the thread and i really enjoy it, i did this way before in 5 min timeframe and it worked out well but i lose most of benefits in range bonds (which you warn not to trade in range)
but i have some question and i will be grateful if you guide me
in following pic i determined the entry points.i mean in these bars i supposed to enter the market.and if i did , surely stopped out
so am i right?
if so, how can i avoid it? i know we must respect the losses but i mean how can i decrease it?
thanks for your patient and sharing your experience

Attached Image (click to enlarge)
Click to Enlarge Name: tp6.gif Size: 17 KB
  • #202
  • Feb 7, 2010 2:05am Feb 7, 2010 2:05am
great thread I'm signing up too ... thx sho

btw could you also give us some info on exits please?
  • #203
  • Feb 7, 2010 3:07pm Feb 7, 2010 3:07pm
Hi !

Sho thanks for the thread i think im slowly learning it now please teach us more what exit can we use if one dont like divergende what is usually your win lose ratio ?


best regards
  • #204
  • Feb 7, 2010 4:24pm Feb 7, 2010 4:24pm
Quoting pj.waterloo
Hi TradePrice

How are you?
I was rather occupied due to work recently and thus missed many postings of yours and others.
I enjoy reading your thread to pick up PA with Kernel Channel. I was previously hoping to see more Bollinger Band method in FF but I think now KC is as good as BB !?!?

Thanks!




Oh, yes+yes!
If possible, please do post more higher TF charts, like Weekly, Daily & H4, which are my preferred TF charts due to my works.
Thou I used to candlesticks, I think bar charts are useful as well.

I am not sure...
i am fine,thanks for asking
kelthner is lot better than bollinger band.
for entry most of the time close of the signal bar.
At the moment only enter close of the signal bar.
if you can, Learn the basic rest will follow .
i will post entry trick later.
when i say take i mean entry.

sho
  • #205
  • Feb 7, 2010 4:53pm Feb 7, 2010 4:53pm
Quoting MJurban
thanks for the great work u do here, thats how i understand the divergence. is it OK or not?
the way i see it:
i took this short cause the divergence after the news bar stopped the long swing and a short looks possible for me

i will use the weeckend to study the h1 and h4 charts , compare it with ure samples
there is lots of trader who trade divergence and make money.
in my opinion divergence is not for entry.
divergence mean momentum is slowing.it is best for taking profits.
divergence is good but not for entry.
i would not bore you if you google about the divergence you will find enough
information .
if you cant find just pm me. i will tell u where u can find Free information about the divergence.
check out the chart.

sho
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-0035.GIF Size: 94 KB
  • #206
  • Feb 7, 2010 5:57pm Feb 7, 2010 5:57pm
Quoting Victory83
[left][right]...
dont trade slow time .
you wouldnot get any follow through.
because institution doesnot play slow time .there is not enough orders to move the market.
slow time is for brokers and stophunter.
if you trade them you will lose.
we are retail traders we dont have enough money to move the market.
thats why we have to Ride institutions ship(trading with there orders flow).
i told you guys dont trade slow time .most of the people lose money because they always try to be in the market all the time
if you dont see any clear direction on the chart dont trade.
it is more important than trading.

check out the chart
sho
Attached Image (click to enlarge)
Click to Enlarge Name: tp6.gif Size: 26 KB
  • #207
  • Feb 7, 2010 6:14pm Feb 7, 2010 6:14pm
Quoting jgadefelth
Hi !

Sho thanks for the thread i think im slowly learning it now please teach us more what exit can we use if one dont like divergende what is usually your win lose ratio ?


best regards
normally profit target is twice of the stop loss.
some time i do scalp out.
some time 1:1 ratio or next support or resistant.
actualy depend on situation.
this is the only thing very hard to master.
its a felling or you can say Art.
but at the begining stick with 1 for 2.
when you will master the methood u will know when to exit.price action will tell you.
  • #208
  • Feb 7, 2010 6:22pm Feb 7, 2010 6:22pm
learn the candlestick(Bar) formation.
i am not explainng them here because u will find them easily for free.
just google u will find enough video about candle(Bar) formation.

see you in the action

sho
  • #209
  • Feb 7, 2010 6:34pm Feb 7, 2010 6:34pm
Quoting trade price
i am fine,thanks for asking
kelthner is lot better than bollinger band.
for entry most of the time close of the signal bar.
At the moment only enter close of the signal bar.
if you can, Learn the basic rest will follow .
i will post entry trick later.
when i say take i mean entry.

sho
Hi Sho

Thanks for taking time to reply.
I always pick up something new in your reply.


Quoting trade price
there is lots of trader who trade divergence and make money.
in my opinion divergence is not for entry.
divergence mean momentum is slowing.it is best for taking profits.
See... here is something new to me!




Quoting trade price
dont trade slow time .
I think you mean low time frame?
So, what is the best time frames to go for?
Thanks.
  • #210
  • Feb 7, 2010 7:01pm Feb 7, 2010 7:01pm
Quoting pj.waterloo
Hi Sho

Thanks for taking time to reply.
I always pick up something new in your reply.




See... here is something new to me!






I think you mean low time frame?
So, what is the best time frames to go for?
Thanks.
not lower time frame.
i mean slower market(ranging market)
sho
  • #211
  • Feb 7, 2010 7:07pm Feb 7, 2010 7:07pm
someone asked me by pm.
in my post #124 why i thought aud/usd is bearish.
checkout the chart

sho
Attached Image (click to enlarge)
Click to Enlarge Name: aud1.gif Size: 33 KB
  • #212
  • Feb 7, 2010 10:12pm Feb 7, 2010 10:12pm
Sho please tell us more i read with great intrest i still have little hard for the divergence what is the hidden divergence also i have a hard time see it because it is not paralell with the price it is lagging so hard to see for me.


also what candle patterns do you recomend we learn i know there is plenty of them ?

keep up the great work.


best regards
  • #213
  • Feb 7, 2010 11:47pm Feb 7, 2010 11:47pm
Quoting trade price
someone asked me by pm.
in my post #124 why i thought aud/usd is bearish.
checkout the chart

sho
Hi Sho

If you don't mind, when you are convenient, pls. explain further with more sample images showing how-to identify "impulse moves." I see it is very simple for you to spot "impulse moves." Thanks.
  • #214
  • Feb 7, 2010 11:52pm Feb 7, 2010 11:52pm
Quoting trade price
dont trade slow time .
you wouldnot get any follow through.
because institution doesnot play slow time .there is not enough orders to move the market.
slow time is for brokers and stophunter.
if you trade them you will lose.
we are retail traders we dont have enough money to move the market.
thats why we have to Ride institutions ship(trading with there orders flow).
i told you guys dont trade slow time .most of the people lose money because they always try to be in the market all the time
[b]if you dont see any clear...
hi sho
thank you very much
  • #215
  • Feb 8, 2010 4:59am Feb 8, 2010 4:59am
hello Sho,
the long green bar at 8:15, i think thats the momentum and after the retrace at 9:15 there was a nice place to go long with the momentum?
SL trailed 30 pips but PA could not break the Top 1.3713 , only reached as far as 1.3712.
I close the long 1.3701 looks like the starting of a range now.

back us session open
Attached Image
  • #216
  • Feb 8, 2010 5:30am Feb 8, 2010 5:30am
Quoting MJurban
hello Sho,
the long green bar at 8:15, i think thats the momentum and after the retrace at 9:15 there was a nice place to go long with the momentum?
SL trailed 30 pips but PA could not break the Top 1.3713 , only reached as far as 1.3712.
I close the long 1.3701 looks like the starting of a range now.

back us session open
great .
with lots of practice.
trading will be very simple.
always trade clean charts.
in 2 seconds you have to decide and see everything on the chart.
just practice.


sho
  • #217
  • Feb 8, 2010 8:36am Feb 8, 2010 8:36am
Hi Sho,
Why you be so busy while I sleep. By the time I get your advice its stale.
I guess I'll sweep up after everyone leaves.
  • #218
  • Feb 8, 2010 9:19am Feb 8, 2010 9:19am
Quoting jgadefelth
Sho please tell us more i read with great intrest i still have little hard for the divergence what is the hidden divergence also i have a hard time see it because it is not paralell with the price it is lagging so hard to see for me.


also what candle patterns do you recomend we learn i know there is plenty of them ?

keep up the great work.


best regards
checkout the link its Free .its about the divergence.check all the details and save it.
divergence


as a trader you have to know all the candlestick(Bar) formation.
on the you tube you will find free videos about candle(Bar).
click this link for candle stick
candlestick(Bar)

all the best guys

sho
  • #219
  • Feb 8, 2010 9:23am Feb 8, 2010 9:23am
Quoting pj.waterloo
Hi Sho

If you don't mind, when you are convenient, pls. explain further with more sample images showing how-to identify "impulse moves." I see it is very simple for you to spot "impulse moves." Thanks.
dont worry i will explain later.

remember i have taken years to learn the methood thats why it takes second to see whats on the chart.
i am a nasdaq level 2 player. i use level 2 for stock trading.
more about that later.
  • #220
  • Feb 8, 2010 9:29am Feb 8, 2010 9:29am
today guys
Attached Image(s) (click to enlarge)
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