Intraday price action trend trading

That is pure method and no doubt one can found this after years of experience. Thanks Sho, you are great.
Guys we are lucky that we got the excellent method and most important that a true pro. trader and excellent and kind teacher to supervision.

Hi

Milton , Dave , Matlobien , lazyFX ,thenovice , mjurban ,buildcity ,hope u all are doing well and i hope to catch with u guys soon.

My query is what lot sizes u trade and on an average how much profit you earn and if anyone scalps what is the lot size and the time you be in the trade.

This is for my reference only and only for educational purposes .

Let it rain pips from Monday , till then happy weekend guys.

Hari

Hi Hari
For my part I am still losing money. As I am 100% convinced that Sho's method is a winning method, the faults are on my side. I still don't see each detail the chart is telling me. Another problem was, when the trade was winning, I didn't take a part off, and the trade ran back to break-even or to the stoploss. Often I enter too late (I'm chasing the market).
Sometimes I am hesitating and nervous and make mistakes. But if you read and reread all the thread, you will find, that Sho gave us an answer to all problems. And a real eye-opener for me are his posts #1541 and 1543 on the rookie discussion-intraday trendtrading with price action. It is important, that you stick to the rules, that you don't change them and never ever quit, continue practicing. Everyone needs time to learn, even Sho. Someone wise said: "The only time you fail is the last time you try."
So, since 2 weeks I am back to demo trading: I filled my demo account with the same amount as my live account at that moment (2 100 $, down from initially 5 600 $). I enter with 0.1 to 0.2 lots (100 - 180 $ margin dependent on the currency pair, around 1$ per pip per 0.1 lot). Account balance after 2 weeks: 1 811.54 $. Perhaps you are much more successful than I.
I wish you all the success you want for yourself.

Thanks milton for your generous reply.

My scene here is also not different , even i fear taking trades thinking it might go against me and i am also learning My demo account has grown from $1000 to $1142.I also trade with 0.1 lots with a stoploss of 20pips and tp of 60 pips.

e/u daily

Hi Hari

I have been away for the spring break and so did not trade last week.
I have been profitable so far with Sho's method.
I am using small lots. But I foresee problems if I were to use standard lots as I still have trouble with exiting trades. It is one thing to see small amount of profit disappear to breakeven, it is quite another to see larger amount of profit do that when using larger lot size.
So for the time being, I will continue to use microlots.

First trade after spring break.

Long at red arrow.

BE+1.

Hi the novice
The market was not really sloping up. Have you been stopped out? What spreads do you have for GBPUSD? My live account has 5 pips spread for this pair.

long GBPUSD
Big divergence, inversed Head and Shoulders
red arrow bar: higher high and low than bar before and above middle band
yellow bar: entry with 0.1 lot, took one half out at + 7 pips, the other half is still running, stoploss break-even

short eurgbp
KeltnerChannel sloped down
2 yellow arrows: 2 strong bear pinbars
entry at the magenta bear bar, when price broke support line 0.9016 (magenta cross).

Things are crazy today

thats what i did expected today

Right you were my friend

Round 2?

divergence comeing for those pairs in intraday

I see it now

Looking for a quick one

Hi Milton
I know this was a iffy trade before I entered.
But I entered with a small stop loss when it retraced. So I thought it was worth the trade.
It went my way very soon after I entered, and that allowed me to bring my trade to breakeven fast, plus 1 pip profit.
I can be wrong of course, but I find that trading this method in a small time frame, the mentality of trade has to be different.
I open a trade as soon as the criteria is met, the essence is to be in at the earliest opportunity and hopefully ride a runner. Losses are to be expected, that is why I move my trades to BE very soon.
I am not sure if this is correct or not, maybe Sho can comment on this.
I am trying to carry out my trades as if I am dealing with large positions, hope I make sense to you.

I agree Novice. I think the idea is to bring trades to breakeven as soon as you can and then letting those winners run. The benefit of using the 15 min charts i think. And if your wrong, you have a small stop loss.

PA strange this morning.

No clear chart.

GU small loser
EU small winner.