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intraday trend trading with price action

  • #241
  • Feb 9, 2010 12:27pm Feb 9, 2010 12:27pm
Sho please learn us more is there a easy way to learn EWT R miner is the one that i have found explains it in the most easy way but still it is to hard for me. Or am i jumping the gun here shall we learn something else first ?


best regards
  • #242
  • Feb 9, 2010 7:06pm Feb 9, 2010 7:06pm
Quoting trade price
i have read all the steve nisons books.i did watched his seminers
you name any book i have read it .
Hi Sho
Thank your for your inputs.
Any chance if you may to recommend some of Nison's ebooks?
You can pm or email me pj dot waterloo at gmail dot com

Quoting trade price
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.
I just wonder what are those "Level #" as being a newbie.
For those links I will spend look into them in the evening to brush up my knowledge.
Once again, many thanks.
  • #243
  • Feb 9, 2010 7:12pm Feb 9, 2010 7:12pm
Quoting Bankshot
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.
Hi Bankshot

Refer the image and the red circle, which is where you attached your image or charts (jpg is preferred). Follow the instructions "Choose File > Upload > Close The Window" in the pop up window. Hope this help.
Attached Image (click to enlarge)
Click to Enlarge Name: attachchart.jpg Size: 79 KB
  • #244
  • Feb 9, 2010 7:27pm Feb 9, 2010 7:27pm
Quoting rtiger29
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...
momentum is downside but no price confarmation to go short
see the chart
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad daily.gif Size: 33 KB
  • #245
  • Feb 9, 2010 7:44pm Feb 9, 2010 7:44pm
what i am posting on the chart this will be one of your Best lesson.
This is the foundation of professional trading

This will help you recognize impulsive moves and corrective moves .

if you can learn them all other patterns,fib,elliotwave every thing will be easy to spot .

always try to trade with impulsive move
i used letters read them one by one .
Attached Image (click to enlarge)
Click to Enlarge Name: impulsive move1.GIF Size: 36 KB
  • #246
  • Feb 9, 2010 7:48pm Feb 9, 2010 7:48pm
Quoting jgadefelth
Sho please learn us more is there a easy way to learn EWT R miner is the one that i have found explains it in the most easy way but still it is to hard for me. Or am i jumping the gun here shall we learn something else first ?


best regards
see my post #245
learn the impulsive move first.
this is the foundation of all trading .
rest will come .
if you know how to identify impulsive moves. you can use any trading methood with price action.

sho
  • #247
  • Feb 9, 2010 7:55pm Feb 9, 2010 7:55pm
Quoting pj.waterloo
Hi Sho
Thank your for your inputs.
Any chance if you may to recommend some of Nison's ebooks?
You can pm or email me pj dot waterloo at gmail dot com



I just wonder what are those "Level #" as being a newbie.
For those links I will spend look into them in the evening to brush up my knowledge.
Once again, many thanks.
read as many book as you can.
you will learn something new from everyone.
when you read, learn something from those people (i think you know what i mean)
i just posted about the impulsive moves.
post #245


sho
  • #248
  • Feb 9, 2010 8:41pm Feb 9, 2010 8:41pm

Thank you and yes I will just do that (reading).

In fact I already done with 2 ebooks* on Steve Nison. I hope to read more of his books if there are out there because I feel his materials are ease to understand and pick up and also his "common sense" trading method being explained. Now I am reading Steven Bigalow's ebook.

I appreciate a lot your unselfishness and kind sharing in this thread. I trust many will gain your trading expertise being put forward here. Bravo! Bravo!

Oh yes. Thanks for the impulse and corrective moves. I think when I have time, I will print compile all your teaching-liked images. By the way, just a small request, can you post white background? You know, it costs me in buying new black inks when printing black background. (Don't worry if you can't)
  • #249
  • Feb 9, 2010 10:21pm Feb 9, 2010 10:21pm
Thank you Trade Price for starting this thread. I haven't tried trading this live or demo yet but I can see how effective just by looking at past history, it looks very logical and that's makes it trade-able in my books

Without using eyes, is there an MT4 indicator to show impulse and corrective waves?
  • #250
  • Feb 10, 2010 1:51am Feb 10, 2010 1:51am
Trade Price,

If you don't mind my asking, can I ask how much ROI you make from this trading and the risk for each trade, looks easy and profitable

Thanks, Pedro
  • #251
  • Feb 10, 2010 2:20am Feb 10, 2010 2:20am
Sho 245 is can you tell us more about the waves how we spot them and draw them it is hard even now to know how to draw them. Shall we diregard that the impulse moves in 5 waves and the corrective in 3 you just count on and every second is an inpulse move the other second is an corrective.


best regards
  • #252
  • Edited 4:00am Feb 10, 2010 3:33am | Edited 4:00am
hi,
i m long this trade,
i saw impulse move from 1.3735 to 1.3788 and korrektion down to 1.3752
Maybe was to late ? Break of res at 1.3768 ?

but what about the exit?
buy the way, ther also was hidden divergenze bullish
Attached Image
  • #253
  • Feb 10, 2010 4:34am Feb 10, 2010 4:34am
H1 shows the 50 pips news spike, better wait for the dust to settle down
Attached Image
  • #254
  • Feb 10, 2010 4:35am Feb 10, 2010 4:35am
Quoting pedropip
Trade Price,

If you don't mind my asking, can I ask how much ROI you make from this trading and the risk for each trade, looks easy and profitable

Thanks, Pedro
its not easy. but simple.
  • #255
  • Feb 10, 2010 4:53am Feb 10, 2010 4:53am
guys dont use any indicator to draw them train your eyes.
if you use indicator to draw them you will fail.
there is nothing better than your eyes.
any of the charts or information i posted if you dont find logical value dont use them.
always demo first.when you are confident use real money.
first understand everything i posted.it took me years to learn the methood.thats why its not easy to explain everything.
when i learned those things no one was on the net to teach me that.
you guys are lucky.
if you still dont understand read from beggining again.it will pay you in the long run.
i know there is lots of experienced trader on the ff and you guys do visit this thread. feel free to comment and help other new traders.

sho
  • #256
  • Feb 10, 2010 4:59am Feb 10, 2010 4:59am
Quoting jgadefelth
Sho 245 is can you tell us more about the waves how we spot them and draw them it is hard even now to know how to draw them. Shall we diregard that the impulse moves in 5 waves and the corrective in 3 you just count on and every second is an inpulse move the other second is an corrective.


best regards
dont worry i will.
i will post lot more things about impulsive moves.
draw them swing high to swing low.forget all other things for at the moment
draw few charts post them here,i will help you.if you dont practice you will never be good trader.
  • #257
  • Feb 10, 2010 5:03am Feb 10, 2010 5:03am
Quoting MJurban
hi,
i m long this trade,
i saw impulse move from 1.3735 to 1.3788 and korrektion down to 1.3752
Maybe was to late ? Break of res at 1.3768 ?

but what about the exit?
buy the way, ther also was hidden divergenze bullish
great.
i think you are learning faster than any one else.
Because you are practicing(can you see how important the practice)
  • #258
  • Feb 10, 2010 5:16am Feb 10, 2010 5:16am
Quoting jgadefelth
Sho 245 is can you tell us more about the waves how we spot them and draw them it is hard even now to know how to draw them. Shall we diregard that the impulse moves in 5 waves and the corrective in 3 you just count on and every second is an inpulse move the other second is an corrective.


best regards
i will pm something later.
i did found this pic on the net
Attached Image (click to enlarge)
Click to Enlarge Name: moves.gif Size: 19 KB
  • #259
  • Feb 10, 2010 5:25am Feb 10, 2010 5:25am
Quoting trade price
guys dont use any indicator to draw them train your eyes.
if you use indicator to draw them you will fail.
there is nothing better than your eyes.
sho
Hi Sho

1-Is just one 5EMA acceptable?
2-I presume TL/SL/RL are ok?

Sorry to ask as I wish to follow your method.
Thanks.
  • #260
  • Feb 10, 2010 5:37am Feb 10, 2010 5:37am
Hi Sho

One thing has kept me wonder is the news announcement?
Do you trade with news this KC10?
Pls. advise.
Thank you for your time.
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