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intraday trend trading with price action

  • #1,621
  • Mar 18, 2010 1:31pm Mar 18, 2010 1:31pm
Quoting fxeturn
Hi sho, I'm very interested in your system of price action trading and I have read the posts that you've pointed out. You have stated 29 rules but I don't really understand them. Do I need to memorize all the 29 rules? Is there any visual step-by-step tutorial available? I use candlesticks so I don't quite understand when you mean inside bar/outside bar/pin bar... Sorry but I'm just a beginner...
look here, downloads
http://www.forexfactory.com/showpost...postcount=1216
  • #1,622
  • Mar 18, 2010 6:55pm Mar 18, 2010 6:55pm
Quoting MJurban
look here, downloads
http://www.forexfactory.com/showpost...postcount=1216
Thanks MJ. It's very helpful.
  • #1,623
  • Mar 18, 2010 7:55pm Mar 18, 2010 7:55pm
Quoting 786 trading
I also have same kind of problem. I like smaller time frames (15 min is very comfortable for me not much fast and not much slow or I also like 5 min too) but due to job I cannt fully watch the trade and cannt babysit.
So IMHO you can do one thing. You can scale in your lots in longer time frame. When you are in profit, you can add more lots in it keeping your over all risk 1%.
scale in is good.if you know what you are doing.its bad for beginers.
when you have any solid methood and understand the methood properly, you can use scale in.
always stick with your time frames .dont change them.

sho
  • #1,624
  • Mar 18, 2010 7:58pm Mar 18, 2010 7:58pm
Quoting fxeturn
Hi sho, I'm very interested in your system of price action trading and I have read the posts that you've pointed out. You have stated 29 rules but I don't really understand them. Do I need to memorize all the 29 rules? Is there any visual step-by-step tutorial available? I use candlesticks so I don't quite understand when you mean inside bar/outside bar/pin bar... Sorry but I'm just a beginner...
if you realy wants to learn the trading.read all the posts dont skip any posts.
than you will have better understanding of this methood.
there is enough information in this thread to start of trading.
allways demo until u r fully confident.

sho
  • #1,625
  • Mar 19, 2010 6:13am Mar 19, 2010 6:13am
Quoting MJurban
look here, downloads
http://www.forexfactory.com/showpost...postcount=1216
Ha ha, seems that I do have some contribution, keep it up guys, I've been too busy in my real work and cannot focus on FX trading. Perhaps those mates here to hold my money for a while.

Cheers
Cityhttp://cdn.forexfactory.com/images/icons/icon10.gif
  • #1,626
  • Mar 19, 2010 8:55am Mar 19, 2010 8:55am
can you see where it reversed from down trend to uptrend how momentum helped.
at the moment again bears are comeing
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  • #1,627
  • Mar 19, 2010 9:14am Mar 19, 2010 9:14am
Hi Guys,

I've been keeping a low profile for a while but am still practicing Sho's method. Just wanted to focus for a while without distractions.

Thanks for the detailed rules Sho, they were much appreciated (and much needed). Really glad you decided to stay with us.

Here's some trades I took on GU today. It behaved very nicely for me today.

Any comments you may have would be appreciated.
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  • #1,628
  • Mar 19, 2010 9:17am Mar 19, 2010 9:17am
Sutts, your alive! I want my money back for the flowers I sent to your funeral.
  • #1,629
  • Mar 19, 2010 9:19am Mar 19, 2010 9:19am
Quoting Sutts
Hi Guys,

I've been keeping a low profile for a while but am still practicing Sho's method. Just wanted to focus for a while without distractions.

Thanks for the detailed rules Sho, they were much appreciated (and much needed). Really glad you decided to stay with us.

Here's some trades I took on GU today. It behaved very nicely for me today.

Any comments you may have would be appreciated.
oh man
that was good .
you are adopting the methood quickly.
sho
  • #1,630
  • Mar 19, 2010 10:59am Mar 19, 2010 10:59am
Quoting Bankshot
Sutts, your alive! I want my money back for the flowers I sent to your funeral.
haha
  • #1,631
  • Mar 19, 2010 11:24am Mar 19, 2010 11:24am
Quoting Sutts
Hi Guys,

I've been keeping a low profile for a while but am still practicing Sho's method. Just wanted to focus for a while without distractions.

Thanks for the detailed rules Sho, they were much appreciated (and much needed). Really glad you decided to stay with us.

Here's some trades I took on GU today. It behaved very nicely for me today.

Any comments you may have would be appreciated.

Yeah, I thought you might be, just like me!! Good to hear from you nevertheless.

Pardy
  • #1,632
  • Mar 19, 2010 11:24am Mar 19, 2010 11:24am
Quoting Bankshot
Sutts, your alive! I want my money back for the flowers I sent to your funeral.

Thanks for your concern Bankshot, I'm really touched.

Hope you're all doing OK. I'm finding the daily practice is helping. Sometimes when price really takes off I've had the confidence to hold for bigger targets - got 96 pips in one slug the other day on GJ.

I really liked the Sho comments about fighting with the winning side. This impulsive/corrective view of the market is a real revelation for me.
  • #1,633
  • Mar 19, 2010 11:29am Mar 19, 2010 11:29am
Quoting trade price
oh man
that was good .
you are adopting the methood quickly.
sho

All thanks to you Sho, you're a good teacher.
  • #1,634
  • Mar 19, 2010 11:34am Mar 19, 2010 11:34am
Quoting Pardy
Yeah, I thought you might be, just like me!! Good to hear from you nevertheless.

Pardy
Pardy, UK

Good to see you guys are still around too. I don't think we've lost too many folk.
  • #1,635
  • Mar 19, 2010 12:08pm Mar 19, 2010 12:08pm
hope all of you had a good week?
  • #1,636
  • Mar 19, 2010 1:24pm Mar 19, 2010 1:24pm
Quoting trade price
hope all of you had a good week?
Not bad thanks Sho. To be honest it feels nice just to end the week up for a change!

I'm starting to learn when to stay out which is helping.

Hope you had a good one.
  • #1,637
  • Mar 19, 2010 2:20pm Mar 19, 2010 2:20pm
Quoting trade price
hope all of you had a good week?
Yes, indeed. And its all thanks to you Sho.

I also use renko charts, its often easier to see price action on it, so your teachings are proving to be of real value.

Thanks again, and may the universe reward you handsomely for your selfless effort.

Pardy
  • #1,638
  • Mar 19, 2010 9:34pm Mar 19, 2010 9:34pm
Quoting trade price
hope all of you had a good week?
Hi Sho,

I had a good week but i am bit afraid to hold on the trade and exit early , How to overcome this,

I have 2 Queries

1.You said that u do scalping, if so what lot size you take .

2.How long u stay in the trade if u do scalping?

Happy weekend
Hari.
  • #1,639
  • Mar 20, 2010 6:50am Mar 20, 2010 6:50am
Quoting trade price
hope all of you had a good week?
I made all my profit on GU.

Had a BE week on EU.

Sho do you statistically do better on certain pairs , or do you trade them all with the same sl and tp ?

  • #1,640
  • Mar 20, 2010 10:19am Mar 20, 2010 10:19am
Quoting sruthihari
Hi Sho,

I had a good week but i am bit afraid to hold on the trade and exit early , How to overcome this,

I have 2 Queries

1.You said that u do scalping, if so what lot size you take .

2.How long u stay in the trade if u do scalping?

Happy weekend
Hari.
for forex i only trade 15 min time frame or bigger time frame.
sometime i am out in few minutes sometimes i hold the trade for hour or two depend on market.

use the rule i posted in this trade they will help you.and read the thread few times it will help you understand better.
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