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intraday trend trading with price action

  • #681
  • Feb 22, 2010 9:10am Feb 22, 2010 9:10am
gu looks undecided to me
  • #682
  • Feb 22, 2010 9:12am Feb 22, 2010 9:12am
yup, but the channel is still up.
  • #683
  • Feb 22, 2010 9:20am Feb 22, 2010 9:20am
That massive GU pin bar was a surprise. The channel is still up and the pin bar sat on the central line. Stop too big for me to consider an entry unless it pulls back significantly first.
  • #684
  • Feb 22, 2010 9:28am Feb 22, 2010 9:28am
could be nice e/j trade coming up pullback could go back to previous support then drop flag formation also should be possibility of 30+ pips
  • #685
  • Feb 22, 2010 9:53am Feb 22, 2010 9:53am
im short again
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  • #686
  • Feb 22, 2010 10:00am Feb 22, 2010 10:00am
Hello All,

A little late to the party but here are some trades
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  • #687
  • Feb 22, 2010 10:02am Feb 22, 2010 10:02am
MJ, apart from a 50% retrace, don't see an entry signal yet - hope it works out for u tho'.

Pardy
  • #688
  • Feb 22, 2010 10:09am Feb 22, 2010 10:09am
Quoting Pardy
MJ, apart from a 50% retrace, don't see an entry signal yet - hope it works out for u tho'.

Pardy
if so, than probly i missunderstood some of sho s entries
Closed the short with small profit, dont want another B/E
  • #689
  • Feb 22, 2010 10:19am Feb 22, 2010 10:19am
Quoting lazyFX
Hi MIlton,

Thanks a lot, you are correct.
The channel is starting to go up. I need to think twice before I take a trade.
hi lazyfx
did you see the shows signature?
telling the same words.
  • #690
  • Feb 22, 2010 10:19am Feb 22, 2010 10:19am
Quoting TheRoper
Hello All,

A little late to the party but here are some trades
Thanks for posting those trades. It looks like your K Channel lines are much tighter than mine. Mine look like those of MJurban in the post above - check out the EU chart. Your last EU trade looked good with your channel lines but I didn't see the lower channel line rejection on my charts.

I wonder which settings are correct? I only have the period (10) as a parameter with my indicator.
  • #691
  • Feb 22, 2010 10:21am Feb 22, 2010 10:21am
Quoting MJurban
if so, than probly i missunderstood some of sho s entries
Closed the short with small profit, dont want another B/E
probably just as well, would have hit ure b/e i think
  • #692
  • Feb 22, 2010 10:23am Feb 22, 2010 10:23am
Quoting Pardy
MJ, apart from a 50% retrace, don't see an entry signal yet - hope it works out for u tho'.

Pardy

If you check out the same trade on the EU chart posted by MJurban it looks like it follows Sho's rules - bottom channel line rejection. Different channel settings by the looks. What do you think?
  • #693
  • Feb 22, 2010 10:29am Feb 22, 2010 10:29am
Quoting Sutts
If you check out the same trade on the EU chart posted by MJurban it looks like it follows Sho's rules - bottom channel line rejection. Different channel settings by the looks. What do you think?
Hi Sutts,

From what i see on that chart, after the big red bar, the next green bar closed above the lower k channel, then the next bar was also green, closing above the lower k channel. MJ then took a short on the next bar to open - I still don't see entry signal? or maybe i'm missing something, lol.

Pardy
  • #694
  • Feb 22, 2010 10:38am Feb 22, 2010 10:38am
Quoting Pardy
Hi Sutts,

From what i see on that chart, after the big red bar, the next green bar closed above the lower k channel, then the next bar was also green, closing above the lower k channel. MJ then took a short on the next bar to open - I still don't see entry signal? or maybe i'm missing something, lol.

Pardy
no i dit not enter at the open, i waited until it turned red from green and price crossed down the former barclose
  • #695
  • Feb 22, 2010 10:38am Feb 22, 2010 10:38am
the green bar retreated after touching the lower channel line.
I am not sure that is regarded as a signal. The difference is about a pip +/-.
  • #696
  • Feb 22, 2010 10:41am Feb 22, 2010 10:41am
Quoting MJurban
no i dit not enter at the open, i waited until it turned red from green and price crossed down the former barclose
That was the question I asked Sho but did not get a clear answer.
When do you enter based on the close of the former bar, when do you enter based on the break of the former bar?
  • #697
  • Feb 22, 2010 10:42am Feb 22, 2010 10:42am
is anyone noticed?
with sho's methood everyone is trading in the direction of order flow or we can say with pro.
no one is losing too much pips .
most of the time breakeven.that is lot lot better than a lose.for me its a profit.
when we make we make lots of pips that covers the loses.
with other system or methood most of the time we lose too much,we trade in the wrong direction.
i like sho's methood. i am loving it.
  • #698
  • Feb 22, 2010 10:44am Feb 22, 2010 10:44am
Quoting the novice
That was the question I asked Sho but did not get a clear answer.
When do you enter based on the close of the former bar, when do you enter based on the break of the former bar?
not the bar but the closeline of the former bar. the top of the former bar is my stoploss line
  • #699
  • Feb 22, 2010 10:47am Feb 22, 2010 10:47am
Quoting Sutts
Thanks for posting those trades. It looks like your K Channel lines are much tighter than mine. Mine look like those of MJurban in the post above - check out the EU chart. Your last EU trade looked good with your channel lines but I didn't see the lower channel line rejection on my charts.

I wonder which settings are correct? I only have the period (10) as a parameter with my indicator.
Attached are my Keltner settings.

Also haveing a problem logging on to the chat. I think it would be a great idea to have but keep getting this erroneous nickname error. Any suggestions?

Thanks

Kurt
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  • #700
  • Feb 22, 2010 10:51am Feb 22, 2010 10:51am
Quoting simpletrade
is anyone noticed?
with sho's methood everyone is trading in the direction of order flow or we can say with pro.
no one is losing too much pips .
most of the time breakeven.that is lot lot better than a lose.for me its a profit.
when we make we make lots of pips that covers the loses.
with other system or methood most of the time we lose too much,we trade in the wrong direction.
i like sho's methood. i am loving it.
exactly...already this thread is near the top few of FF
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