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intraday trend trading with price action

  • #1,481
  • Mar 11, 2010 2:23pm Mar 11, 2010 2:23pm
Quoting jgadefelth
i dont get it i just dnt get it and no one wants to help me i have ask questions but i cant see any answears....
for the stop dont use more than 18 pips .thats maximum.less is better.
for the day trade ECN is better.if you can use ECN.thats pro use for day trade.
  • #1,482
  • Mar 11, 2010 2:26pm Mar 11, 2010 2:26pm
Quoting jcgibson
jga

You might want to trade a different pair I find most of the time USD-JPY does not move very fast or far.

When the moves are small I try to stick with Eur- USD my spread is usually 2 pips.

I take half profit at 10 + 2 for the spread move stop to B/E Then let the trade do what it wants.

Hope this helps

John
yes you are right.
usd/jpy is very slow for day trade.allways look at them at last.
allways use volatile stock or forex pair for day trade.
we need lots of liquidity.
  • #1,483
  • Mar 11, 2010 3:15pm Mar 11, 2010 3:15pm
Quoting jcgibson
jga

You might want to trade a different pair I find most of the time USD-JPY does not move very fast or far.

When the moves are small I try to stick with Eur- USD my spread is usually 2 pips.

I take half profit at 10 + 2 for the spread move stop to B/E Then let the trade do what it wants.

Hope this helps

John

thanks but i find that pair is also slow but it have the best spread. otherwise my favorite is gbp/usd i think it is the greatest mover. but one pair is not enought is it so what more pair can we trade that are movers and have an resonable spread ?


best regards
  • #1,484
  • Mar 11, 2010 3:18pm Mar 11, 2010 3:18pm
Quoting trade price
yes you are right.
usd/jpy is very slow for day trade.allways look at them at last.
allways use volatile stock or forex pair for day trade.
we need lots of liquidity.

so Sho what pairs and yes 18 pips stopp is to big then we must have a move of almost 40 pips for the target and spread and i have problems getting targets at 20 sometimes it moves so slow i have problems with 10 in targets even at the right time not night.


also how is it going with the stock trading strategy have a few shosen ones get it ??

best regards
  • #1,485
  • Mar 11, 2010 3:57pm Mar 11, 2010 3:57pm
[quote=jgadefelth;3543714]

i have a hard time with the math the spread and the stopploss and the target often it is verry small moves at for example usd/jpy and 10 pips looks like forever away what is your spread and target and stopploss ?

Hey Jgadefelth

With my broker the spread is automaticly entered with a long. Say I want to buy EUR/USD and the market is at 1.3600, if I enter a market order the fill price is 1.3600 plus 3pip spread. My screen shows long at 1.3603. IF I want to sell at 1.3620 and I enter a market order it will show my fill price at 1.3620.

The spread is figured on my buy side of the order.

IF I enter a market order to sell at 1.3600 my fill will show short 1.3600. If I want to put a 10pip but stop loss order in at 1.3610 I need to add 3pips to the order otherwise my order will be filled at 1.3607.

To close that order it will be filled 3pips less that what the market is at currently

my spread is 3-4 pips and a stopploss of 5-10 pips then i must have a target of 10-20 pips and also the spread i finding it hard to see that often it turns around before that the target is hit ??

Look to where price will most likely reverse, the next S/R area as your target. We hope it is 2x our stop but sometimes we have to exit with what the market is willing to give us.

I struggle with this as well. My thinking now is to exit close to 20pips then re-enter lower if the market bounces off s/r.

Hope this helps

Kurt
  • #1,486
  • Mar 11, 2010 4:09pm Mar 11, 2010 4:09pm
hey guys
i dont know how good all of you in mathmetic.
i am very bad.
but i will give you a nice trick and surprise if you wanna learn i can show you
you will be bit surprise.and it will make more sense about this methood.
  • #1,487
  • Mar 11, 2010 4:17pm Mar 11, 2010 4:17pm
Quoting trade price
hey guys
i dont know how good all of you in mathmetic.
i am very bad.
but i will give you a nice trick and surprise if you wanna learn i can show you
you will be bit surprise.and it will make more sense about this methood.
I wanna learn, lay it on me
  • #1,488
  • Mar 11, 2010 4:18pm Mar 11, 2010 4:18pm
Sho offcourse we will learn everything we can from you why do you even feel the need to ask ???


best regards
  • #1,489
  • Mar 11, 2010 4:20pm Mar 11, 2010 4:20pm
Thanks the roper it helps me to think my broker is not like your but i think i must count in the spread.

best regards
  • #1,490
  • Mar 11, 2010 4:29pm Mar 11, 2010 4:29pm
ok jagi and roper i will pm you how to make money even with big stop like 18 pip stop and with less than 50% winning rate with very small risk reward ratio.

its sound unbeliveable but its not.
do you think its possible?
  • #1,491
  • Mar 11, 2010 4:30pm Mar 11, 2010 4:30pm
Sho, you sure know how to draw a crowd, I see we have 10 people viewing the thread right now
  • #1,492
  • Mar 11, 2010 4:30pm Mar 11, 2010 4:30pm
Im happy it feels like this thread is alive again after being dead for a week or so no Sho and non of the ofhter posters just finding myself here but it feels like order is restored hopefully to stay.


best regards
  • #1,493
  • Mar 11, 2010 4:31pm Mar 11, 2010 4:31pm
Quoting trade price
ok jagi and roper i will pm you how to make money even with big stop like 18 pip stop and with less than 50% winning rate with very small risk reward ratio.

its sound unbeliveable but its not.
do you think its possible?

Hi Sho

Can I get in on that too?

John
  • #1,494
  • Mar 11, 2010 4:32pm Mar 11, 2010 4:32pm
i believe it and im sure you can do it sho, with the right MM i think most things are possible



best regards
  • #1,495
  • Mar 11, 2010 4:33pm Mar 11, 2010 4:33pm
Quoting TheRoper
Sho, you sure know how to draw a crowd, I see we have 10 people viewing the thread right now
yes .we do get lots of silent visitors
  • #1,496
  • Mar 11, 2010 4:38pm Mar 11, 2010 4:38pm
Quoting trade price
ok jagi and roper i will pm you how to make money even with big stop like 18 pip stop and with less than 50% winning rate with very small risk reward ratio.

its sound unbeliveable but its not.
do you think its possible?
I sure think it is possible
  • #1,497
  • Mar 11, 2010 5:16pm Mar 11, 2010 5:16pm
Quoting TheRoper
I sure think it is possible
Money and risk management is what its all about. You have to pick your pairs and your times. A little bit of luck helps too. Last week I placed a trade and I was 1 pip off on my SL and one pip off on my TP. Unfortunately it hit my SL first. So instead of a 40+ pip winner, I had a 16 pip loser.
  • #1,498
  • Mar 11, 2010 5:29pm Mar 11, 2010 5:29pm
Quoting CodeMeister
Money and risk management is what its all about. You have to pick your pairs and your times. A little bit of luck helps too. Last week I placed a trade and I was 1 pip off on my SL and one pip off on my TP. Unfortunately it hit my SL first. So instead of a 40+ pip winner, I had a 16 pip loser.
Hello CodeMeister,

I agree especially about the Time you take your trades
  • #1,499
  • Mar 11, 2010 5:34pm Mar 11, 2010 5:34pm
Quoting CodeMeister
Money and risk management is what its all about. You have to pick your pairs and your times. A little bit of luck helps too. Last week I placed a trade and I was 1 pip off on my SL and one pip off on my TP. Unfortunately it hit my SL first. So instead of a 40+ pip winner, I had a 16 pip loser.
hah hah hah.
thats a nice methood code.
  • #1,500
  • Mar 11, 2010 6:30pm Mar 11, 2010 6:30pm
Ready to learn Mr. Sho. Im waiting for the next lesson.
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