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intraday trend trading with price action

  • #1,001
  • Feb 25, 2010 10:45am Feb 25, 2010 10:45am
Quoting adler
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...
Hi adler
Why is the yellow arrow bar a signal bar for you to go short?
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  • #1,002
  • Feb 25, 2010 10:50am Feb 25, 2010 10:50am
Milton
I picked up a IB on 1.5282 and using that as a RisK Manager, I just went short on that.Considering Wicks on Sweet spot 1.5300 and I know whether the market was heading towards.
  • #1,003
  • Feb 25, 2010 10:59am Feb 25, 2010 10:59am
Quoting adler
Milton
I picked up a IB on 1.5282 and using that as a RisK Manager, I just went short on that.Considering Wicks on Sweet spot 1.5300 and I know whether the market was heading towards.
Thank you adler
Today the cable is crazy: GBPUSD already 230 pips down, GBPJPY 426 pips down.
  • #1,004
  • Feb 25, 2010 11:08am Feb 25, 2010 11:08am
Yes so when you get a chance liek this use it..., Scan chart look for possible strong support or resistence and watch what market is doing to it and then come down and look for channel breka and wack it...

Let me know if you need any help for anlaysis
  • #1,005
  • Feb 25, 2010 11:10am Feb 25, 2010 11:10am
Good call adler.
  • #1,006
  • Feb 25, 2010 11:12am Feb 25, 2010 11:12am
hi guys
been too busy today.
everyone is making money.
did you see the GU daily two days ago how it closed .
there is no surprise in this game
  • #1,007
  • Feb 25, 2010 11:13am Feb 25, 2010 11:13am
Thansk Bankshot
  • #1,008
  • Feb 25, 2010 11:15am Feb 25, 2010 11:15am
usd/chf big divergence comeing
on the daily carefull guys.
if i can i will post tonight few daily charts
.
  • #1,009
  • Feb 25, 2010 11:16am Feb 25, 2010 11:16am
Hi Sho
did you manage to do any 15m trading today.
  • #1,010
  • Feb 25, 2010 11:19am Feb 25, 2010 11:19am
Quoting adler
Yes so when you get a chance liek this use it..., Scan chart look for possible strong support or resistence and watch what market is doing to it and then come down and look for channel breka and wack it...

Let me know if you need any help for anlaysis
Thanks adler. What do you think: watching 12 currency pairs, is this too much. How many pairs do you trade.
  • #1,011
  • Feb 25, 2010 11:19am Feb 25, 2010 11:19am
Quoting ukcool
Hi Sho
did you manage to do any 15m trading today.
yes few of them
  • #1,012
  • Feb 25, 2010 11:21am Feb 25, 2010 11:21am
Quoting Milton
Thanks adler. What do you think: watching 12 currency pairs, is this too much. How many pairs do you trade.
more pairs more opportunity.
you would not force your self to trade bad setups.
its easy to follow few pairs when you will get used to
  • #1,013
  • Feb 25, 2010 11:24am Feb 25, 2010 11:24am
Quoting trade price
more pairs more opportunity.
you would not force your self to trade bad setups.
its easy to follow few pairs when you will get used to
Hi Sho
Yes, I must get used to see all what the chart is telling me in an instant. That's what I have to learn.
  • #1,014
  • Feb 25, 2010 11:26am Feb 25, 2010 11:26am
people gave me pm what is the best books for trading.
none of them is best but all of them is good . read all of them pick the best things and combine them in your trading.

thats what i did. no one helped me.i was unlucky i had to find it my self.
you guys are lucky peoples are helping you to become a better trader.

sho
  • #1,015
  • Feb 25, 2010 11:37am Feb 25, 2010 11:37am
for the stock i have 3 very successfull stratagy.
i will give one stratagy as a gift to only few selected people
but i wanna see them are they willing to learn?
when i will give you i wouldnot tell you but i will thats my promise.
i think you allready know sho always keeps his promise.
it will be your lifes one of the best gift


sho
  • #1,016
  • Feb 25, 2010 11:43am Feb 25, 2010 11:43am
I wonder who the lucky people are, thanks sho i have improved in my trading a lot because of your simple method.

Milton

I do my home work, for all these 8 charts I do my fibs on the morning on eachday. and then i dont touch the charts. Everything is on the chart for me, Money management, Risk Management, fibs and cluster and I need to just look and find out if the price is hitting a resistence or cluster and tyhen wait for price action to reveal the magic.
  • #1,017
  • Feb 25, 2010 11:47am Feb 25, 2010 11:47am
Sho, your generosity certainly out paces your command of the english language.
  • #1,018
  • Feb 25, 2010 11:52am Feb 25, 2010 11:52am
Look you can tell what is going on.
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  • #1,019
  • Feb 25, 2010 11:56am Feb 25, 2010 11:56am
Sho, You had better not send me anything until I use what I learn. Just went long on the cable on a close above the lower k channel. Its down so much I figured a good retrace was in the offing. After looking at the steep down channel I am having second thoughts, though I up and have moved stop to more than B/E.
  • #1,020
  • Feb 25, 2010 11:58am Feb 25, 2010 11:58am
Bank Shot, IMO you will never know when the trend gets over.
So you have done a lucky trade .. This is bad practice forcing yourself a trade by assumption
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