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intraday trend trading with price action

  • #221
  • Feb 8, 2010 9:47am Feb 8, 2010 9:47am
what i shared with you guys so far.
lots of people spend thousand of money for this information.they spent thousand of money for seminars or trading course.
they still doesnot get anything.
i know about 95% of people think what i shared with you guys is crap.
thats why so many loser.so many fail trader.i was like that.not any more.
but remember
you will realise how important this information. when you will be a professional.
lots of people will fail because they wouldnot practice.or after few loses they will think it doesnot work.
stick with any methood and practice and master the methood.
train your eyes to see everything.
i do see all sort of patterns,fibonacchi,elliotwave.123 etc .you name it i do trade.
everything works but you must master the price action and you must know when to trade when not to trade.
always trade with the momentum.
screen time will help you understand everything.
remember one day this thread will be one of the best thread in the net.
happy trading

sho
  • #222
  • Feb 8, 2010 12:19pm Feb 8, 2010 12:19pm
Master Sho give me some more to learn. Thanks for the links.


I hope EWT is far ahead i believe you when you say it works but i have really hard time learning it i have i think every book on it including Neelys, but still i dont master it i think it is verry hard to learn.

Also do you trade gartley and butterflyes ?


best regards
  • #223
  • Feb 9, 2010 1:07am Feb 9, 2010 1:07am
Quoting trade price
remember one day this thread will be one of the best thread in the net.
happy trading
sho
Hi Sho
Pls. continue with your posting. I know it is not easy, but you have us to support and follow your ease+simple method.

BTW thank for the video links. It will take me long time to view and study.

Can you confirm my understanding on 2 terms Technical Analysis vs Price Action?
I think TA=PA meant for candlestick chart trading, correct?
Anyone can comment on this due to my shallow knowledge in fx.

I found below the link to Steve Nison's trading material very helpful to newbies like me (thanks for halfstep):
http://www.forexfactory.com/showthread.php?t=209971
I am reviewing it.

Quoting trade price
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.
Hi Sho

WOW! Respect you man for your high ranking
Can I know what is the Level 1 meant for?
  • #224
  • Feb 9, 2010 1:23am Feb 9, 2010 1:23am
hi every body
USDCHF
thanks again sho
i used this method 3 month ago, some kind person (same as you) learn it to me, but he recommended to me ,reading as many books as you can(elliot, patterns,....)
and i did it, and now i could understand it better than ever

it is simple,of course not easy
Attached Image (click to enlarge)
Click to Enlarge Name: tp81.JPG Size: 36 KB
  • #225
  • Feb 9, 2010 2:43am Feb 9, 2010 2:43am
Quoting Victory83
hi every body
USDCHF
thanks again sho
i used this method 3 month ago, some kind person (same as you) learn it to me, but he recommended to me ,reading as many books as you can(elliot, patterns,....)
and i did it, and now i could understand it better than ever

it is simple,of course not easy
Hi Victory

Welcome. I am excited about this KC-10 method.
If you may, pls. share your valued experience and any link to your source - I wish to pick the comments there?
Thank you for your time.
  • #226
  • Feb 9, 2010 4:34am Feb 9, 2010 4:34am
Quoting trade price
what i shared with you guys so far.
lots of people spend thousand of money for this information.they spent thousand of money for seminars or trading course.
they still doesnot get anything.
i know about 95% of people think what i shared with you guys is crap.
thats why so many loser.so many fail trader.i was like that.not any more.
but remember
you will realise how important this information. when you will be a professional.

sho
Thank u Sho for sharing,
i missed this long today at 9:30-45.
I made a big mistake by watching the Stoch and looking at the Stoch so strong overbought I was afraid to go long.
But u told us to only use the Stoch for exits not for entry.
Big mistake i made, i hope i will learn from that.
I will clear the stoch from my charts and load it at the moment when i am in a trade.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-0005.gif Size: 26 KB
  • #227
  • Feb 9, 2010 7:21am Feb 9, 2010 7:21am
[quote=pj.waterloo;3444975]Hi Sho


Price Action? Can you confirm my understanding on 2 terms Technical Analysis vs
I think TA=PA meant for candlestick chart trading, correct?
Anyone can comment on this due to my shallow knowledge in fx.

Hi PJ.,
Since Sho overslept I will take a crack at your question. Technical analisys is chart reading in all its forms including indicators, VS fundimental which is news, history, sentiment ect. If its based on a chart its technical.

Price action is a technical analisys based (naturally) on the movement of price. Other indicators may be used as Sho does but PA can be bars or candles on a chart and nothing else. Candles are good for this since pattern recognition is a key part of PA but bars do as well, thats what I use.
I hope this helps.
  • #228
  • Feb 9, 2010 9:18am Feb 9, 2010 9:18am
Quoting pj.waterloo
Hi Sho
Pls. continue with your posting. I know it is not easy, but you have us to support and follow your ease+simple method.

BTW thank for the video links. It will take me long time to view and study.

Can you confirm my understanding on 2 terms Technical Analysis vs Price Action?
I think TA=PA meant for candlestick chart trading, correct?
Anyone can comment on this due to my shallow knowledge in fx.

I found below the link to Steve Nison's trading material very helpful to newbies like me (thanks for halfstep):
http://www.forexfactory.com/showthread.php?t=209971
I...
i have read all the steve nisons books.i did watched his seminers
you name any book i have read it .

i am not explaning anything about level 2 or stock trading .its a diffrent methood .i dont like to confuse any body here with this thread.
may be in the future i will post some of my level 2 trading videos.

click this link you will get some idea what are they. its Free .
level1 and level 2 explanation

some level 2 trading videos from you tube you will get the idea why people use that

sho
  • #229
  • Feb 9, 2010 9:27am Feb 9, 2010 9:27am
[quote=Bankshot;3446201]
Quoting pj.waterloo
Hi Sho


Price Action? Can you confirm my understanding on 2 terms Technical Analysis vs
I think TA=PA meant for candlestick chart trading, correct?
Anyone can comment on this due to my shallow knowledge in fx.

Hi PJ.,
Since Sho overslept I will take a crack at your question. Technical analisys is chart reading in all its forms including indicators, VS fundimental which is news, history, sentiment ect. If its based on a chart its technical.

Price action is a technical analisys based (naturally)...
you explained very nicely phill.
i am very bad at explaining.try this link all for FREE mate .
traders helps traders.
Diffrence between price action vs technical analysis


happy trading
sho
  • #230
  • Feb 9, 2010 9:33am Feb 9, 2010 9:33am
Quoting pj.waterloo
Hi Victory

Welcome. I am excited about this KC-10 method.
If you may, pls. share your valued experience and any link to your source - I wish to pick the comments there?
Thank you for your time.
hi Waterloo
i would be glad to help you if i knew more than what SHO explained in this thread. so read it and try it and apply it to your tradeplan. and i think there is no one better than Sho to explain his valuable experiences about this method. save the pictures in which, he explained the rules. and look at them as much as you can.
let me tell you just a point
believe this method and try it again and agian
it is concept of market. and again thank you SHO
Good luck
  • #231
  • Feb 9, 2010 9:34am Feb 9, 2010 9:34am
hi,
this eurusd gave me no real entry.
I trade euro session and the big move startet asia session
maybe im blind but i looked at the chart for houres and did not find any good setup.
The big long move 13:00 , there was no retracement where i could place a trade and later i found the momentum was gone.
At least the channel ( i use STARC with oanda charts) keept me away from losses
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-0115.gif Size: 29 KB
  • #232
  • Feb 9, 2010 9:39am Feb 9, 2010 9:39am
Quoting Victory83
hi every body
USDCHF
thanks again sho
i used this method 3 month ago, some kind person (same as you) learn it to me, but he recommended to me ,reading as many books as you can(elliot, patterns,....)
and i did it, and now i could understand it better than ever

it is simple,of course not easy
well done
its all about practice.
check out the chart

sho
Attached Image (click to enlarge)
Click to Enlarge Name: tp81.JPG Size: 63 KB
  • #233
  • Feb 9, 2010 9:42am Feb 9, 2010 9:42am
Quoting MJurban
Thank u Sho for sharing,
i missed this long today at 9:30-45.
I made a big mistake by watching the Stoch and looking at the Stoch so strong overbought I was afraid to go long.
But u told us to only use the Stoch for exits not for entry.
Big mistake i made, i hope i will learn from that.
I will clear the stoch from my charts and load it at the moment when i am in a trade.
all the big move happens when stocastic or any indicator is overbought or oversold.
thats why dont look at them before entering.

sho
  • #234
  • Feb 9, 2010 10:03am Feb 9, 2010 10:03am
Quoting MJurban
hi,
this eurusd gave me no real entry.
I trade euro session and the big move startet asia session
maybe im blind but i looked at the chart for houres and did not find any good setup.
The big long move 13:00 , there was no retracement where i could place a trade and later i found the momentum was gone.
At least the channel ( i use STARC with oanda charts) keept me away from losses
check ou the charts
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mju1.GIF Size: 61 KB
Click to Enlarge Name: mju2.GIF Size: 54 KB
  • #235
  • Feb 9, 2010 10:29am Feb 9, 2010 10:29am
Quoting trade price
check ou the charts

The charts are very helpfull for me,
Thank you Sho
  • #236
  • Edited 11:22am Feb 9, 2010 10:51am | Edited 11:22am
here is a 4hr chart from yesterday. perfect entry in my opinion. For those using oanda, just remember you can also open a demo with an metatrader platform and place your trades with oanda. the charts are alot better and there is only like a 1 pip difference. Whats the best way to load pictures on here, anyone?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud.gif Size: 32 KB
  • #237
  • Feb 9, 2010 11:04am Feb 9, 2010 11:04am
Quoting rtiger29
here is a 4hr chart from yesterday. perfect entry in my opinion. For those using oanda, just remember you can also open a demo with an metatrader platform and place your trades with oanda. the charts are alot better and there is only like a 1 pip difference. Whats the best way to load pictures on here, anyone?
click attachment
than in new window click browse button than click upload.
when upload finish you will see your attachments
  • #238
  • Feb 9, 2010 11:04am Feb 9, 2010 11:04am
I"ve been wondering how to post charts as well. So if anyone gives an explanation, please make it basic. My computer is fast but I'm not.
  • #239
  • Edited 11:43am Feb 9, 2010 11:42am | Edited 11:43am
I like the longer time frames. Dont like getting in and out of the market too much. So here is a daily chart. Mr. sho, what would you have done here where the arrow is pointing. I am demoing so just watching charts/and price. Not as concerned as taking trades. But i think a short here after the 2/8 candle close would have netted at least 100 pips. The reason being there was still momentum to the down side as evidence by the 2/7/10 candle not breaking above the lower channel band. Please advise.

And as far as loading charts,(bankshot) all i did was right click on the chart on my platform and hit save as (active chart) and called it a name i will remember, make sure you don't put any dashes or it might not accept the name you call it, and then save it to a folder you will remember, and then load it from there. Let me know if that doesnt help.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad daily.gif Size: 31 KB
  • #240
  • Feb 9, 2010 12:02pm Feb 9, 2010 12:02pm
Thats way ahead of where I was, thanks rtiger.
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