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intraday trend trading with price action

  • #1,521
  • Mar 13, 2010 8:28am Mar 13, 2010 8:28am
i would like to know from you
did you see any opportunity
is last few days in daily time frame?
if yes post the chart with details.
  • #1,522
  • Mar 13, 2010 8:31am Mar 13, 2010 8:31am
remember.
we are 80% ahead of the fundamental traders.

if no one belives it i dont give a f*** .thats how i see them.
  • #1,523
  • Mar 13, 2010 9:15am Mar 13, 2010 9:15am
Hello Sho
Nice to see you back. This week I have read and reread your posts and tried to trade with concentration for myself. I thought that perhaps trading and posting would take from my concentration. But I am still losing. Sometimes it's a lack of confidence to let run (when price goes forth and back) and I quit with only 1, 2 or a few pips. Sometimes I take the wrong trades and the losses are greater than my wins. Sometimes I put my stoploss too early to break-even, sometimes too late. I believe that I must learn to be more cool. Another problem is my overtrading. I am in front of the screen from 8:00 am to 8:00pm with one meal around noon. Sometimes I see the signal bar, but when the following (potential) entry bar is first going in the "false" direction, I don't enter and switch to the next currency pair and backwards I see, it would have been a good trade. I have to clear my head.
And Sho: why not share your tricks with all the people here in the thread, as I'm sure that most of us have to learn a lot and need further help from a "pro"? Have a nice weekend.
  • #1,524
  • Mar 13, 2010 11:13am Mar 13, 2010 11:13am
Quoting trade price
i would like to know from you
did you see any opportunity
is last few days in daily time frame?
if yes post the chart with details.
Hi Sho,
The PinBars stopping at the Supportline gave the first warning
-end of short in sight
- second all the closes above the middle KC gave good signals to test for a long entry, little risk cause SL would be the support line

The actual situation for next week : i would wait for a corrective move to go long
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  • #1,525
  • Mar 13, 2010 9:42pm Mar 13, 2010 9:42pm
For those who like colors :-) ........

........ channel is changing color depending on direction.
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File Type: mq4 KeltnerChannel_v1 Color.mq4   4 KB | 796 downloads
  • #1,526
  • Mar 13, 2010 10:05pm Mar 13, 2010 10:05pm
Great thread.
The greatest force on earth is compound interest.
  • #1,527
  • Mar 13, 2010 10:33pm Mar 13, 2010 10:33pm
Quoting trade price
this is gbp/usd daily.
there is certain time we play counter trend .
this chart was one of them.

you have to know before the croud when to go long or short.
other wise you will be late.
Give it a try!!

1. Entry long at the green candle once the completion of 2nd PB;
2. Entry long again after the break through of R
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  • #1,528
  • Mar 14, 2010 12:25am Mar 14, 2010 12:25am
Quoting Milton
Hello Sho
Nice to see you back. This week I have read and reread your posts and tried to trade with concentration for myself. I thought that perhaps trading and posting would take from my concentration. But I am still losing. Sometimes it's a lack of confidence to let run (when price goes forth and back) and I quit with only 1, 2 or a few pips. Sometimes I take the wrong trades and the losses are greater than my wins. Sometimes I put my stoploss too early to break-even, sometimes too late. I believe that I must learn to be more cool. Another problem...
hi milton,
here is an interview with Mark Douglas.
I was feeling incomfortable with the small winnings and so many B/E trades and only a few real good winners.
That happens mostly if market is ranging, a impulsive move starts but after the corrective the trend slowed or turned the other way.

My english is a bit poor but i understand the main message: small losses or B/Es are OK and normal if you want to get a consistant income from the markets.
Sho also said something like that: most important to control your risk

here is the link http://www.forexfactory.com/showpost...&postcount=171
  • #1,529
  • Mar 14, 2010 6:04am Mar 14, 2010 6:04am
Quoting MJurban
hi milton,
here is an interview with Mark Douglas.
I was feeling incomfortable with the small winnings and so many B/E trades and only a few real good winners.
That happens mostly if market is ranging, a impulsive move starts but after the corrective the trend slowed or turned the other way.

My english is a bit poor but i understand the main message: small losses or B/Es are OK and normal if you want to get a consistant income from the markets.
Sho also said something like that: most important to control your risk

here is the link http://www.forexfactory.com/showpost...&postcount=171...
Thank you MJurban!
  • #1,530
  • Mar 14, 2010 7:34am Mar 14, 2010 7:34am
Quoting sebastionay
Great thread.
thanks
  • #1,531
  • Mar 14, 2010 7:37am Mar 14, 2010 7:37am
Quoting Buildcity
Give it a try!!

1. Entry long at the green candle once the completion of 2nd PB;
2. Entry long again after the break through of R
double bottom play was great but other one will pass because it will b a big stop.and moving away.
  • #1,532
  • Mar 14, 2010 7:40am Mar 14, 2010 7:40am
Quoting MJurban
hi milton,
here is an interview with Mark Douglas.
I was feeling incomfortable with the small winnings and so many B/E trades and only a few real good winners.
That happens mostly if market is ranging, a impulsive move starts but after the corrective the...
trading is all about controling your self.it doesnot matter how many breakeven or loss as long as you make money thats fine.
i wil post rules they will help you guys
  • #1,533
  • Mar 14, 2010 9:33am Mar 14, 2010 9:33am
Quoting trade price
trading is all about controling your self.it doesnot matter how many breakeven or loss as long as you make money thats fine.
i wil post rules they will help you guys
thanks Sho
yes , the rules will help us
  • #1,534
  • Mar 14, 2010 12:38pm Mar 14, 2010 12:38pm
Hello sho
I have a question for you, Your pictures dont show any wave analysis(impulse/corrective) would appreciate if you can post your pictures together with wave analysis for that trade so we can be certain how you enter your trades.

Also can you please kindly tell us if all of your trades are based on Impulse/Corrective/EntryImpulse pattern?
  • #1,535
  • Mar 14, 2010 11:59pm Mar 14, 2010 11:59pm
Something to ponder ??? ..... early warning sign that trend might be changing
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  • #1,536
  • Mar 15, 2010 4:01am Mar 15, 2010 4:01am
Thanks Sho.

My first win with your new method.

+25

  • #1,537
  • Mar 15, 2010 4:35am Mar 15, 2010 4:35am
Quoting matlobien
Thanks Sho.

My first win with your new method.

+25

And another 25.

That is 50 for the day on GU.

Brilliant.

  • #1,538
  • Mar 15, 2010 7:28am Mar 15, 2010 7:28am
Sho what do you think is it stupid or good to have a piptarget per day say 20 pips so if you get it on you first trade you are off for the day. it is good psykological but do you think we are limiting our winnings ?


best regards
  • #1,539
  • Mar 15, 2010 11:55am Mar 15, 2010 11:55am
Quoting adler
Hello sho
I have a question for you, Your pictures dont show any wave analysis(impulse/corrective) would appreciate if you can post your pictures together with wave analysis for that trade so we can be certain how you enter your trades.

Also can you please kindly tell us if all of your trades are based on Impulse/Corrective/EntryImpulse pattern?
99% forex trading based on impulsive .
other 1% is difrrent.
more later.
  • #1,540
  • Mar 15, 2010 11:56am Mar 15, 2010 11:56am
Quoting Wysiwyt
Something to ponder ??? ..... early warning sign that trend might be changing
take your time to learn.
all the best mate.
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