Great thread Sho
thank you so much for helping newbe like me.
your thread is so helpful.
very easy to understand and it makes sense.
thanks again for your time .
I hope Sho & Traders do not mind if I can assist other newbies that may or may not relevant to this thread. I think being newbies before, I was hoping to have some good Seniors to guide. I am not saying I am one but thought just to help.
I got this ebook in FF somewhere long time ago. Hope this help all. (The credit should go to Lincoln).
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guys think this is your own thread.
feel free to post anything you want and help each other.
any one can post your trading methood here.we will help each other to become a better trader.
Looking for a quick scalp before unemployment numbers come out.
UPDATE: Closed for +18 but having regrets, wish I would have let it run.
Sho, How would you have handled this trade before news? I seem to have a problem knowing when to exit. Thanks for the charts and reading materials, Please keep them coming.
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exit will never be perfect.still i am not
still you will make enough.
i have not seen or heard any traders exit is perfect.
most of the time exit will be early or late.
i always try to avoid news trade.you will get to many whipsaw if you stay in the trade at the news time.
there is enough trade without news time imho.
exit will never be perfect.still i am not
still you will make enough.
i have not seen or heard any traders exit is perfect.
most of the time exit will be early or late.
i always try to avoid news trade.you will get to many whipsaw if you stay in the trade at the news time.
there is enough trade without news time imho.
Sorry for being tarty Sho, just got here, business before business or something. You guys have been busy this morning/afternoon/evening, good stuff. The EURO is having problems but the cable is not following, up over 100p from morning lowes.
I will check in for permission slip next time I'm going to be late.
Sorry for being tarty Sho, just got here, business before business or something. You guys have been busy this morning/afternoon/evening, good stuff. The EURO is having problems but the cable is not following, up over 100p from morning lowes.
I will check in for permission slip next time I'm going to be late.
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cable is looking for retrace or sideway see the weekly
Would you say looking at cable weekly, if it closes where it is right now, we could be heading down next week. Just trying to interpret the weekly chart to help with the overall picture.
And another thing. I interpret when the bars/candles move outside the channels, that means there is alot of momentum. How do you interpret that. Or do you still just worry about the type of bars/candles we see.
Weekly has the GU sitting on the lower K-line, daily is under the line trying to break thru. May be Friday at the close of this weeks bar it will show its hand.
Sorry for being tarty Sho, just got here, business before business or something. You guys have been busy this morning/afternoon/evening, good stuff. The EURO is having problems but the cable is not following, up over 100p from morning lowes.
I will check in for permission slip next time I'm going to be late.
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I have a day job as well that sometimes conflicts with my trading. If Sho keeps helping us maybe we eleminate the nagging day jobs.
Interesting post you have going here. It seems you have put your 7 years experience into good practice. Thanks for sharing.
Just so I can understand your approach more clearly...
You:
1) Identify the trend. Trend must be up/down. Sideways movement should always be avoided.
2) Sometimes, but not always you look to enter a trade based on a pin bar. If the pin bar forms in favour of the trend you would look to enter trade.
3) Entry is on or after a pull back and then resumption of the trend?
How do you set your initial stop?
How do you set your initial target price?
When do you move your stop?
When do you exit the trade?
Is the Keltner channel indicator a necessity? Can we not see the price action without the need for this overlay?
Interesting post you have going here. It seems you have put your 7 years experience into good practice. Thanks for sharing.
Just so I can understand your approach more clearly...
You:
1) Identify the trend. Trend must be up/down. Sideways movement should...
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kelthner is good it will save you a lot.
when market is flat it will guide you .
stop loss is just above the signal bar.
move the stop loss at break even after 1 st bar move and closed in my direction.for me risk first than profit.
normaly my target is double the size of stop loss. i am always ready to close the trade any time if some unusual price activity comes.
exit is depend on situation.if trend is strong i keep half until i do get stoped out.
check out the chart you asked for
i used the numbers so read them one after another you will have better understanding
Would you say looking at cable weekly, if it closes where it is right now, we could be heading down next week. Just trying to interpret the weekly chart to help with the overall picture.
And another thing. I interpret when the bars/candles move outside the channels, that means there is alot of momentum. How do you interpret that. Or do you still just worry about the type of bars/candles we see.
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daily is bit flat now no clear direction.she is eating all the downside momentum.
at the moment bulls are comeing trend is down. no trade right now.we wanna see the price confimation before entering the trade.
yes when price is close outside the band mean lots of momentum
intraday trend trading with price action
