intraday trend trading with price action

Looks like a cobra to me adler, does it bite?

Sho why will you gave your stock trading strategy to only a few ? and why stocks aint forex superior to stocks ??


best regards

Can you not see in USD CAD, I entered on IB break to the downside singing with keltner channel break. Also price did a cluster top based on high on yesterday. But it is on a small stop loss as momentum is very high on the upside.

Its going lower but by how much? I can't see it going much below 1.0625, maybe 1.0610 today. That is not much reward for the risk. Right now at 1.0645.

OK, I don't like snakes but I'm short from 1.06454.

If it goes down the buonce will be on 1.0615 so thats why i took it as t is 38.2 of the today swing. But I might be bitten.....hehe

Bank shot that is a wrong trade u entered(too late), You did not consider risk management. what is your stop loss and why, Can you explain?

Explain? Sure, at the end of your post1023 you said "so short" or something. I dont see it now (how do you edit a post after its up?) but I figured you were that sure I would ride it and see.Short at .o6454 , SL at .0653 , TP .0630.

I was just going to post the same question. Looks like it will go to 1.0660 and that might be a good entry.

I'm still in, it toucher the S/L but didn't trigger, and now is in profit.

Sorry bank shot please do not enter any trade based on someone making a call. The reason for me to post these charts is not to make calls but to make guys help each otehr and understand how to catch a turn before it happens and then wait for a IB or OB as a risk managter and then find out the lot size based on the risk if it is good then enter other wise leave it.

Just stop before current bar high and things like this will nto work as what will u do if price goes just above this bar and then goes down will you renter?

It is not about tough stop loss , is it in the right place is most important.. Hope you dont mind my advice.

Adler, do not worry about me, if I lose it is my fault. I went a long time not trading on a demo account or trading very little because I watched the trade so much. Later I figured out that thats what I needed to do, its a demo account. 9p S/L, 25p T/P, 2.5/1 , if I lose the 9p I'm still up for the day.

Another thing, The channel had rolled over, the price was below 2 of the lines on your chart (resistance I suppose) The bars were below the lower K line, had been for 25 minutes

oops wrong button, the downward move could (did) stall but was far shorter than the run up this am from 8 to 9:30, consolidation happens, move down resumed, still in profit. Might have been a dumb move, but on a demo account not devistating. Any other questions.

Did you see the post asking for your collection of miteral?

USD/CAD T/P hit + 24p. Should have moved T/P, this one has legs. Might be as good as this pre US open run.

Hi everyone,

I've taken Codemeisters advice and posted some random "I agree's" on various threads and am now able to upload to the thread.

I've collected all of Sho's posts on trading and have had to split them into 2 pdf files due to the upload limit here at FF.

At this time they are simply arranged in the same order that they were posted but as the thread grows I will arrange them into subject order, such as posts on spotting momentum, trade management, identifying price action signals and so on.

Hopefully these 2 pdf's will enable visitors to the thread to get up to speed quickly with all of Sho's observations and then subsequently benefit as much as I have from what we've been taught here.

Here is File#1, file #2 to follow along with MT4 template for Keltner Channels

Alan

I am in half position , See it bounced on 38.2....

You had the courage of your convictions. I paused and let it get away.

Thanks Alan, that was a lot of hard work.

Hay, Sho, wake up. Think Alan stuff could be moved to page one?