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  • #1,541
  • Mar 15, 2010 11:58am Mar 15, 2010 11:58am
Quoting matlobien
And another 25.

That is 50 for the day on GU.

Brilliant.

allways stick with what you do dont change anything .
success is near.if you dont change like losers do.
  • #1,542
  • Mar 15, 2010 11:59am Mar 15, 2010 11:59am
Quoting jgadefelth
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
in my opinion.
never limit your winners.
allways limit your loses.
follow what pro do .not other way around.
  • #1,543
  • Mar 15, 2010 12:11pm Mar 15, 2010 12:11pm
lots of people is losing is their energy.
we have lost lots of people from the begining.
thats how trading is .
lots of people wont be able to finish to learn the methood they will quit.
to be a profitable trader you need patience lots lots lots of energy and time to learn the trading.
thats what i told you in the beginning so many people will fail.
market wants to see your nerve before
than it will give you any money.
its not easy other wise every one will be millionare
i think everyone understand what i mean.
i wanna see how many of u make the journey till the end.
what i shared with you that was only a small portion of what i know.


see you soon
been too busy.
just keep practiceing.and post all your trades in the other thread i will check them as soon as i can.
if you have any question post them here.dont hesitate.

sho
  • #1,544
  • Mar 15, 2010 12:58pm Mar 15, 2010 12:58pm
Don't forget those of us following but not posting much.
  • #1,545
  • Mar 15, 2010 1:09pm Mar 15, 2010 1:09pm
Quoting trade price
lots of people is losing is their energy.
we have lost lots of people from the begining.
thats how trading is .
lots of people wont be able to finish to learn the methood they will quit.
to be a profitable trader you need patience lots lots lots of energy and time to learn the trading.
thats what i told you in the beginning so many people will fail.
market wants to see your nerve before
than it will give you any money.
its not easy other wise every one will be millionare
i think everyone understand what i mean.
[b]i wanna see...

Thankyou Sho for your continued wisdom. been trading the sho way today on just eur/usd.had 8 trades. BE, +10, -5, +10, -5, -6, -7, and then finished day with +50. will try and post my trades tomo as i go on other thread.
One thing if i can pick your brain, i currently close half my order once i hit +10 pips and then move my stop to BE and let the rest run. is this sensible or foolish?

Will you still be posting your rules? Keep up the good work. PLS!
  • #1,546
  • Mar 15, 2010 4:49pm Mar 15, 2010 4:49pm
Quoting matlobien
And another 25.

That is 50 for the day on GU.

Brilliant.

Hi Matlobien,

This is a great method. Best on FF IMHO. Stay with it. The key is to take the multiple small losses and the big winners will make up for the small losses.

Looks like you are off to a great start.

Congrats

Kurt
  • #1,547
  • Mar 15, 2010 9:55pm Mar 15, 2010 9:55pm
hi all

have finished reading the thread,very helpful,now we see if i can understand all of it

thanks john
  • #1,548
  • Mar 16, 2010 12:41am Mar 16, 2010 12:41am
Quoting trade price
allways stick with what you do dont change anything .
success is near.if you dont change like losers do.
Thanks Sho.

I am using the new method you send us.

  • #1,549
  • Mar 16, 2010 1:09am Mar 16, 2010 1:09am
Quoting TheRoper
Hi Matlobien,

This is a great method. Best on FF IMHO. Stay with it. The key is to take the multiple small losses and the big winners will make up for the small losses.

Looks like you are off to a great start.

Congrats

Kurt
Thanks Kurt

I am following this thread from the beginning.

My main mistake was tp and chasing the market too late, but with the new way Sho has set tp bagged me the pips yesterday.

The main thing is as Sho said :MOMENTUM, MOMENTUM, MOMENTUM.

I learned a big lesson yesterday. When the big move down on GU stalled around S1 and looked like it wanted to go North, I disciplined myself not to go that way. Even though there was huge divergence and price reached the top K Channel, I went south after a pin bar and got a be. A long would have been a loss.

The point is not if I was right or wrong. The point was MOMENTUM.

If I do not see clear momentum now, I will not trade that day.

PATIENCE.

  • #1,550
  • Mar 16, 2010 2:21am Mar 16, 2010 2:21am
Quoting trade price
.....to make a living you dont have to trade everyday.
most of the people give back profit to the market in side way market.
if you dont trade the side way market or quit market ,you will see your trading result will go up easily...
Hi everyone,

I'm not able to trade at the moment during the day (GMT) so I,m spending an hour or two everyday studying charts and trying to analyse what I see. My goal is to train my eyes to see the A++ setups Sho has described in just one glance at the Price Action.

When I am back to trading live soon then I will be able to have benifited from my study time. Thanks to Sho's methods described here I feel that I am able to take in so much more of what I see happening because of understanding the different sort of movements and oppertunities that present themselves during the day.

Obviously hindsight is perfect but one of my exercises is attempting to isolate the perfect setup in any given currency pair that took place during the day and then to describe why that worked snd how to spot it next time. This way I am training my eyes to see setups and avoid too any mistakes.

I have attached what I saw as the "Best Candle Of The Day" for the GBP/USD. What does everyone think? Was there a better one?

I make this award to every currency pair every day because I feel it helps reinforce what I've learnt here.

Any comments would be appreciated.

Alan
Attached Image (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 205 KB
bringing order to chaos....
  • #1,551
  • Mar 16, 2010 3:39am Mar 16, 2010 3:39am
Quoting AlanOne
Hi everyone,

I'm not able to trade at the moment during the day (GMT) so I,m spending an hour or two everyday studying charts and trying to analyse what I see. My goal is to train my eyes to see the A++ setups Sho has described in just one glance at the Price Action.

When I am back to trading live soon then I will be able to have benifited from my study time. Thanks to Sho's methods described here I feel that I am able to take in so much more of what I see happening because of understanding the different sort of movements and oppertunities that...
For me that was a no trade.

1. The K channels has not yet turned down = no momentum.
2. Even though the previous low of 5155 was broken, 5150 was not yet
broken. Sho stated that big numbers to be broken must have big
momentum.
3. The sl on that bar would have been 18 pips + spread = 22 for me to high
risk.
4, If you cover all the bars to the right, there is not enough odds in your
favour on that specific moment to tell you that it is not going to bounce
of 5150.

I entered after the first green pinbar to the right. All the odds was in my favour and I took 25 pips.

Just my humble 2 cents.

  • #1,552
  • Mar 16, 2010 4:40am Mar 16, 2010 4:40am
Matlobien i agree about the k channel but the rest i dont know there are mutch to koncider, Sho could also say that it is better to be in early when the pros enter..... also the new momentum bars form the biggest wave for the moment. And the stop you can place it 50% of the pinbar giving you lesser risk. I dont agree or disagree with you i just say there is verry mutch to consider and often many things after what i can see i contradicting eatchother.


for eample 4 things speaks for an enter on that trade and 4 things speaks against it i think it is often that way leaving me like a ? dont now what to look for and rate as the highest thing to take the trade or not.


i hope people understand what i saying my english is not so good.


best regards
  • #1,553
  • Mar 16, 2010 5:34am Mar 16, 2010 5:34am
Quoting AlanOne
Hi everyone,

I'm not able to trade at the moment during the day (GMT) so I,m spending an hour or two everyday studying charts and trying to analyse what I see. My goal is to train my eyes to see the A++ setups Sho has described in just one glance at the Price Action.

When I am back to trading live soon then I will be able to have benifited from my study time. Thanks to Sho's methods described here I feel that I am able to take in so much more of what I see happening because of understanding the different sort of movements and oppertunities that...
I would say that i agree with matlobien due to the size of the risk mainly. however, i think i would have been tempted to take this also. perhaps in situation where the risk is higher you could half your lot size? I was only watching eur/usd so completely missed this anyway lol! I would say that the bar matlobien talks of was a+++
  • #1,554
  • Mar 16, 2010 5:54am Mar 16, 2010 5:54am
Quoting iak
I would say that i agree with matlobien due to the size of the risk mainly. however, i think i would have been tempted to take this also. perhaps in situation where the risk is higher you could half your lot size? I was only watching eur/usd so completely missed this anyway lol! I would say that the bar matlobien talks of was a+++

i would call it a great trade but not an a+ it dont bounce from the middle of the keltner channel lines, the a + i have seen do that they kind of stick out and then retrace comfirming the line as resistance.


best regards
  • #1,555
  • Mar 16, 2010 6:13am Mar 16, 2010 6:13am
Quoting jgadefelth
i would call it a great trade but not an a+ it dont bounce from the middle of the keltner channel lines, the a + i have seen do that they kind of stick out and then retrace comfirming the line as resistance.


best regards
Just missed such a trade on the eur/usd!!!! anyone catch that?
  • #1,556
  • Mar 16, 2010 6:23am Mar 16, 2010 6:23am
Quoting jgadefelth
Matlobien i...
I am just over cautious.

  • #1,557
  • Mar 16, 2010 6:27am Mar 16, 2010 6:27am
and im confused because there is always things talking for a trade and usually as many thing speoken aginst taking the same trade i hope Sho post some rules or something that can bring light over this or maybe it is just me and you other students dont have the same problem as me ?

best regards
  • #1,558
  • Mar 16, 2010 6:27am Mar 16, 2010 6:27am
Quoting iak
Just missed such a trade on the eur/usd!!!! anyone catch that?
Active trade discussion on Sho's second thread.

  • #1,559
  • Mar 16, 2010 6:34am Mar 16, 2010 6:34am
Quoting matlobien
Active trade discussion on Sho's second thread.

lol, ok.
  • #1,560
  • Mar 16, 2010 7:47am Mar 16, 2010 7:47am
Quoting matlobien
Thanks Kurt

I am following this thread from the beginning.

My main mistake was tp and chasing the market too late, but with the new way Sho has set tp bagged me the pips yesterday.

The main thing is as Sho said :MOMENTUM, MOMENTUM, MOMENTUM.

I learned a big lesson yesterday. When the big move down on GU stalled around S1 and looked like it wanted to go North, I disciplined myself not to go that way. Even though there was huge divergence and price reached the top K Channel, I went south after a pin bar and got a be. A long would have been...
You got it my man
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