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intraday trend trading with price action

  • #1,201
  • Feb 28, 2010 11:12am Feb 28, 2010 11:12am
Quoting adler
Hello Hunting
I am in no way competting sho, he is a master. I follow his same method, Except I have a plan or bias and then as well things which can distract price.
(Market Action for Me)

Now i follow sho method look for price action around channel and then take positions only if the zone of trade looks like for me otherwise taking every pin will fail as sho says.

Hope sho is ok for me to post my analysis here. This is ahome work I do everyday morning. It is quite simple and i get more confidence doing this when taking a momentum trade as I...
no problem buddy.
i am looking forward to learn more from you and other senior traders like you.
i will join the second thread on monday for live trading in my demo.
btw in this thread all the people is very good and helpfull.
  • #1,202
  • Feb 28, 2010 1:42pm Feb 28, 2010 1:42pm
Sho why not start a new thread with the topic trading stocks ??

best regards
  • #1,203
  • Feb 28, 2010 6:20pm Feb 28, 2010 6:20pm
Quoting jgadefelth
Sho why not start a new thread with the topic trading stocks ??

best regards

have you learned what i showed you in this thread??????
if you have just demo them and post all the trades in the other thread.
  • #1,204
  • Feb 28, 2010 9:55pm Feb 28, 2010 9:55pm
Sho no i have not, im still trying to learn and i will do as you say but i have more to learn before i beginning to demo i think i will post some charts here.

I was just mentioned the stock thread because some days ago you say you will leanr a few from here your stock trading or some of it so i thout why not just start a new thread about it also. and why stock aint forex superior in all ways ?


best regards
  • #1,205
  • Feb 28, 2010 11:05pm Feb 28, 2010 11:05pm
no forex is not necessarily superior to stocks. with stocks the higher your capital the less the spread (commission), plus you are dealing with real people with real minds, not the entire financial markets of 2 countries. you are also dealing with centralised markets, not shadow games by a broker. there are more reasons but this will do.

it all depends on your goals and needs as to which is better.
Congratulations ScalaFX for coming out of the closet!
  • #1,206
  • Feb 28, 2010 11:26pm Feb 28, 2010 11:26pm
Quoting jgadefelth
Sho no i have not, im still trying to learn and i will do as you say but i have more to learn before i beginning to demo i think i will post some charts here.

I was just mentioned the stock thread because some days ago you say you will leanr a few from here your stock trading or some of it so i thout why not just start a new thread about it also. and why stock aint forex superior in all ways ?


best regards
My view is that there is no better off of either market, all depend on your preference. For me as a part time trader, I cant really participate the local stock market (day trade) as it simply distrubs my real income to support my family life. Alternatively, I am quite enjoy to go for the FX after my office hours, as London & US market are both in the run, I have the chance for 3~4 hours to look for good opportunity for long or short.

Just for sharing.

Cheers
Cityhttp://cdn.forexfactory.com/images/icons/icon12.gif
  • #1,207
  • Mar 1, 2010 1:26am Mar 1, 2010 1:26am
Hello Sho

Based on my analysis price broke a nice cluster and then I saw a very small stop loss, Entered a big 50 pip bar this morning on Pound (Live account).

Hope this picture helps our team
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD nearly 50 closed half.jpg Size: 197 KB
  • #1,208
  • Mar 1, 2010 3:11am Mar 1, 2010 3:11am
Quoting adler
Hello Sho

Based on my analysis price broke a nice cluster and then I saw a very small stop loss, Entered a big 50 pip bar this morning on Pound (Live account).

Hope this picture helps our team
Now it stalls again around this big cluster, very strong resist/support.
  • #1,209
  • Mar 1, 2010 3:13am Mar 1, 2010 3:13am
USDCAD Short
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD in short.jpg Size: 190 KB
  • #1,210
  • Mar 1, 2010 3:15am Mar 1, 2010 3:15am
Hello Milton

I came out of pound as soon as it came out of middle of keltner, I dint like the price action, I am short now in USDCAD
  • #1,211
  • Mar 1, 2010 3:30am Mar 1, 2010 3:30am
Quoting adler
Hello Milton

I came out of pound as soon as it came out of middle of keltner, I dint like the price action, I am short now in USDCAD
And I am long the eurjpy and after I entered, I saw bearish divergence.
  • #1,212
  • Mar 1, 2010 3:36am Mar 1, 2010 3:36am
Quoting Milton
And I am long the eurjpy and after I entered, I saw bearish divergence.
Sho ignore divergence on entry, only exit
  • #1,213
  • Mar 1, 2010 3:38am Mar 1, 2010 3:38am
Great eye Adler -man i just opened up the charts and seen that triple bar test on resisitance but i'm late to the party.maybe will get another opp. Tex
  • #1,214
  • Mar 1, 2010 3:42am Mar 1, 2010 3:42am
Quoting MJurban
Sho ignore divergence on entry, only exit
I have still hope.
  • #1,215
  • Mar 1, 2010 3:55am Mar 1, 2010 3:55am
Shorted U/Chf.
Chart in second thread.
  • #1,216
  • Mar 1, 2010 5:13am Mar 1, 2010 5:13am
Hi all,

For those newbies like me, you may interest to refresh the basis of price action / candle pattern in order to catch up the thread. Here you go.

Hope Sho doesnt mind I attached those PDF in his thread.

PS - thanks Sho and other seniors here who brought me back from messing around those indicators but put my focus back into the bars / candle pattern and price action.


Cheers
City http://cdn.forexfactory.com/images/icons/icon7.gif
Attached File(s)
File Type: pdf 5_PricePatterns_2008.pdf   83 KB | 1,759 downloads
File Type: pdf CandlePatterns.pdf   471 KB | 2,290 downloads
File Type: pdf Pin Bars Intro.pdf   175 KB | 1,258 downloads
File Type: pdf Pin bars-advanced.pdf   113 KB | 1,233 downloads
File Type: pdf price action.pdf   45 KB | 1,700 downloads
  • #1,217
  • Mar 1, 2010 9:03am Mar 1, 2010 9:03am
Sho and all seniors,

Today made 2 long trades in GU with +34pips (first trade below is +20p), but the 1st trade was really risky (Sorry that no follow Sho's rule because of the big jump).

Simply a lucky trade at all
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-03-01_2247.png Size: 54 KB
  • #1,218
  • Mar 1, 2010 9:03am Mar 1, 2010 9:03am
sho where are you?
anything new for us today
i will post my couple of trades with charts
  • #1,219
  • Mar 1, 2010 9:39am Mar 1, 2010 9:39am
Quoting jgadefelth
Sho no i have not, im still trying to learn and i will do as you say but i have more to learn before i beginning to demo i think i will post some charts here.

I was just mentioned the stock thread because some days ago you say you will leanr a few from here your stock trading or some of it so i thout why not just start a new thread about it also. and why stock aint forex superior in all ways ?


best regards
i will give one of my stratagy as a gift to only few peoples those will have to show me they are able to learn.
what i mean is they have to show me they have learned properly what i showed you in this thread.

stock trading is not same as fx.you can start fx trading with only few bucks.
to day trade nasdaq you need minimum 25000 .
there is some rules and regulations.

yes i will teach few basic of stock day trading to everyone but not now.
if you wanna trade the stocks save money now and learned this methood first. and understand properly.
its looks easy but its not.with stocks you will lose money easily.
  • #1,220
  • Mar 1, 2010 9:42am Mar 1, 2010 9:42am
Quoting nubcake
no forex is not necessarily superior to stocks. with stocks the higher your capital the less the spread (commission), plus you are dealing with real people with real minds, not the entire financial markets of 2 countries. you are also dealing with centralised markets, not shadow games by a broker. there are more reasons but this will do.

it all depends on your goals and needs as to which is better.
yes and its a DMA TRADING
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