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intraday trend trading with price action

  • #981
  • Feb 25, 2010 6:04am Feb 25, 2010 6:04am
Quoting lazyFX
This is just what I thought about the trade you took, so plz forgive me if I am wrong.
I agree, good reading of PA there. That bullish bar before the inside bar was a real warning.
  • #982
  • Feb 25, 2010 6:18am Feb 25, 2010 6:18am
just gone short gbp pin bar at top of channel
  • #983
  • Feb 25, 2010 6:24am Feb 25, 2010 6:24am
GBP/USD
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  • #984
  • Feb 25, 2010 6:26am Feb 25, 2010 6:26am
Made 30 pips and closed half, I really just dont do enter on pin or something like that. I understand the market action using fibs and when candles say price action (IB,Pin) etc is doing what market is doing then I enter meaning the strength of the candle depends on the underlying market condition(sentiment)

Targets as before

First target 1.5275 - Half taken already.

Second Target 1.5258
  • #985
  • Feb 25, 2010 6:45am Feb 25, 2010 6:45am
Quoting AlanOne
Hello everyone

I've complied 2 PDF files with all of Sho's posts on to enable more visitors to our site to get up to speed quickly.

The problem is that I am unable to attach more then 59kb to upload even though the attachment manager says I should be able to upload 1.91mb.

Is it something I am doing wrong or is it a restriction on me as I am still ranked as a Junior Member

Any ideas?

Alan

Alan,

You showed great initiative. I suggested it once, but was too lazy to do myself.

I believe you need 10 postings before you can upload or send PMs. You could respond to a bunch of threads saying "Yes I agree" and get to 10 postings that way.

Looking forward to your work. Great contribution by a newbie. Welcome to FF.

CM
  • #986
  • Feb 25, 2010 7:38am Feb 25, 2010 7:38am
Quoting lazyFX
This is just what I thought about the trade you took, so plz forgive me if I am wrong.
Thank you lazyFX. You are absolutely right. But I didn't see the entry bar 3 bars before. I think, exactly this is my problem, not to see the signals at time. I have to train my eyes. I'm looking at 12 currency pairs at the same time.
  • #987
  • Feb 25, 2010 7:45am Feb 25, 2010 7:45am
Quoting Milton
Thank you lazyFX. You are absolutely right. But I didn't see the entry bar 3 bars before. I think, exactly this is my problem, not to see the signals at time. I have to train my eyes. I'm looking at 12 currency pairs at the same time.

There are lots of indicators and alerts for spotting setups like inside and pin bars. Much better than staring at a screen and flipping from chart to chart. I wrote one myself for inside bars. There are others that have more functionality. I can't recommend a specfic one. I have looked at a few and spotted flaws with them, so I will write my own some day.
  • #988
  • Feb 25, 2010 7:48am Feb 25, 2010 7:48am
Francis2 how did you do with that GBPUSD trade, I unfortunately got stoped out.
  • #989
  • Feb 25, 2010 8:05am Feb 25, 2010 8:05am
Hi Sho,

Thank you for showing us how you trade.
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  • #990
  • Feb 25, 2010 8:10am Feb 25, 2010 8:10am
I was only in it for 3 minutes got out at bottom
  • #991
  • Feb 25, 2010 8:12am Feb 25, 2010 8:12am
Out of Pound Both targets Hit
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  • #992
  • Feb 25, 2010 8:14am Feb 25, 2010 8:14am
Quoting CodeMeister
There are lots of indicators and alerts for spotting setups like inside and pin bars. Much better than staring at a screen and flipping from chart to chart. I wrote one myself for inside bars. There are others that have more functionality. I can't recommend a specfic one. I have looked at a few and spotted flaws with them, so I will write my own some day.
Hi CodeMeister
I also have an inside/outside bar indicator. I bought it from Craig Harris with his method (perhaps you know him). But it only works with his template. I can't plot the inside/outside bar indicator alone on my own chartsettings.
  • #993
  • Feb 25, 2010 8:27am Feb 25, 2010 8:27am
Quoting adler
Out of Pound Both targets Hit
Hi adler
How did you determine your first profit target? I suppose the second was the round number.
  • #994
  • Feb 25, 2010 8:29am Feb 25, 2010 8:29am
Quoting Milton
Hi CodeMeister
I also have an inside/outside bar indicator. I bought it from Craig Harris with his method (perhaps you know him). But it only works with his template. I can't plot the inside/outside bar indicator alone on my own chartsettings.

That is very surprising. It sounds like you spent a lot of money because I don't think he unbundles his indicators. I have listened to several of his presentations but I would rather spend time to find my own technique rather than getting expensive mentoring. Besides I just know he is the kind of guy who would say something that p*ssed me off.

If you took Craig's course, what are doing in a low rent forum like this?
  • #995
  • Feb 25, 2010 8:34am Feb 25, 2010 8:34am
I'm with Codemister, thanks. Drop a few post and see if you are allowed to attach your collection. Perhaps Sho will move it to page one for easier locating. Your ID now says "member".
  • #996
  • Feb 25, 2010 8:36am Feb 25, 2010 8:36am
Make that "CodeMeister". Sorry.
  • #997
  • Feb 25, 2010 8:39am Feb 25, 2010 8:39am
Wow . Cable took a beating while I slept. Hasn't been this low since May or so.
  • #998
  • Feb 25, 2010 8:54am Feb 25, 2010 8:54am
Quoting CodeMeister
That is very surprising. It sounds like you spent a lot of money because I don't think he unbundles his indicators. I have listened to several of his presentations but I would rather spend time to find my own technique rather than getting expensive mentoring. Besides I just know he is the kind of guy who would say something that p*ssed me off.

If you took Craig's course, what are doing in a low rent forum like this?
I'm absolutely convinced, that there is not only 1 trading method that is successful. See for example Dean Malone's Synergy trading method, that i tried also. He is one of the best with his methodlike you can see in his live trading. So I didn't win with Craig Harris' method not because his method. I think I, myself have to learn something that I'm missing. For example, adler seems to see much more opportunities than me, even if we are looking at the same charts. It has to do with myself.
  • #999
  • Feb 25, 2010 9:59am Feb 25, 2010 9:59am
Back in cable as I had 2 targets met and waiting for it to make a lower low from 1.5282
  • #1,000
  • Feb 25, 2010 10:26am Feb 25, 2010 10:26am
Milton as I told you earlier, I have lost quite a lot of money, to get to this level.

Now i believe on only 2 things
1. Fibs on morning set ups
2. Price action on channel
3. Exits on divergence/bounces/rejects on supports or resitence.

Everyday morning i have targets already in mind.

Today morning was slow because asian session has already completed 2 targets and there where too many resistence/support for prices to compete against. After a while I found a solid fib cluster break which confirms to me that bears have won it, I did not draw these fibs right now, they where draw this morning, without which i dont know what is the market action and then for me price action keltner was telling me go for it.. I just went....

Still holding my live position
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