intraday trend trading with price action

one more guys.
try to think diffrently from amature.
other wise u will be the same loser again and again.
while every one is looking for short i took two long entry and made money.think like pro act like pro.
try to understand what market is telling u

Sho,
thank you for posting your trades. It is amazing how you switch from one pair to onother.
For me, i am a bit slow and feel very comfortable with EURSUD cause i traded this pair more then 2 years.
My plan is: stay with EURUSD (mostly) and practise the stoploss. The stoploss in your system is very new to me cause i traded breakouts with big stoplosses and now i have the chance to put the stoploss very small.
This is a great and comfortablr way to trade for me, first i look for the stoploss size before i even think of an entry.
I hate stoploss and i feel sick if i catch one but with the small risk in your method i dont care so much any more cause with a good take profit all the SLs are covered.
If i can take an SL without any emotions, than i start looking for more pairs , thats my plan

Edit: I think the only way to learn ist to jump into nthe market and do it. Reading and testing is OK and needed but yuo can not learn trading by just reading. Jump in táke your losses or wins whatever comes thats it.

it is just the practice mate.i will post a link in the first post for all the basic of market its from babypips.and new guys can learn and understand.before they understand my methood.my methood is so advance that no one wont be able to explain a single setup properly.not even me.but u should feel the setups.
more later

Tks Sho, looking for this!!

MJ,

Totally agreed, if you don't do it in real, you really cant dance with the market.

Anyhow, real money canbe starting form very minimal.

Cheers,
City

Thanks Sho.

Just a q, since the acctt shows trading with 0.5 lots, with profits at 25-40, am I right in assuming that ure take profit is 5-8 pips? Very nice win rate tho'.

Regards
Pardy

Hi Sho
I think, this is the best method to learn from you: when you post your trades with entry and s/l. It is learning how you are THINKING while you are trading! Thank you very much (also for the proves, what is possible=your account posts - very encouraging and motivating).
Attached Thumbnails
http://cdn.forexfactory.com/attachme...1&d=1270123747

yes depend on market.if its ranging like i did yesterday i take profit quickly otherwise it will take back all the profit .i dont trust ranging market.
in the very first post i said i dont trade ranging market.it does not mean i cant.
i am real trader i can trade any market but normally i dont trade ranging market.
sometimes i go for ranging.ranging market is so hard trade.thats why i say dont trade ranging market guys.(as long as u dont master the methood).
once ur master u can trade and take chance diffrent market condition.

how many traders in the ff can show their live account trading balance trade by trade like i did yesterday with live trades.
i just dont show off like others do.this is my bread and butter.
i just trade the market while i am trading i dont think about pips or money(dont take it wrong way).i know if i follow my methood i will have positive pips in my account.
we have a rule for that.if u think to much about the pips emotion will eat u.

all the best
sho

Sho:

I am waiting for this thread for more than 10 years. I was a loser during Year 2000 and never never knew why. I always feel something missing in my lives even though the captital grow in my property investment pofolios is quite good - the total value increase this year of my ips equal to one house price based on 10% grow in Sydney last year.

Now, you are the man to give me the chance to put the last missing puzzle of my live, to be successful in the property market as well as stock market.

Three weeks ago, there was an advertisement saying "NOMOREWORK" in Sydney Morning Heral. I was curious and want to know how. I called them and was invited into online conference trainings which ended up with introduction of Forex trading at the cost of A$5495. I thought Forex is this company's name and they must do some option trading, like covered calls. Over the weekend, I bought a book regarding Forex trading which is almost exactly the same as what this marketing company is talking about. To me, A$5495 is a bargin if it works comparing the time and money spent otherwise. Since Great Financial Crisis, I bought thee houses in Sydney and don't have any cash flow to fund this training cost at that momet, I negociate with them to see if I can pay them by installments. I also ask them to see if they can send SMS Trading Signals to myself and my wife's phones as well, because I intend to run this trading as a business. They don't agree. At the same time, I do a lot of researches in the internet.

I have read most of the information in other very good threads. They are truely professionals as well. I download all the information from their theads and print out just like books. Very effective study and no need to go through 1000 pages.

Last Friday 5am, on 2nd April 2010(Sydney time), I came across this thread and couldn't stop reading until 2am, 3rd April 2010 from page one until page 102. My wife wasn't happy and drag me into bed. Well, patient is the key of successful and I went to sleep at 2am. I completed the rest 20 pages between 8:30am to 12am. I took notes into a document which has 34 pages long.

There are many successful traders in FF and in this world. However, you are the only one who is willing to help the new begginer and have the patient and ability to guild us through, with a very effective way, by charting, real time examples, etc. In this regard, you are the best. To me, you are the God of Forex. At least you have saved me A$5495.

Sho, I was excited to read your posts in the bigging until you was off for around one week. Many members of this thead were getting lost in their trading. My confidence on Forext trading was down from 80% into 50%. After I read through the statement you posted last night, I really feel scared. There are few big lossers. If it is a business, this business profit will be red very easily. Honestly, my current confidence on the Forex trading is very low, down to less than 30%. I doubt that I can be the one of 5% sussessful traders.

Naturely, I am the one to challenge the impossible, at least I need to fight for at least one year which has my wife's supports. I expect to have A$5455 trading lost in first 4 months. Then, another A$5000 trading lost for the next 6 months. Not a big deal as it is tax dedutible.

Sho, this is my plan:
1. I will open a live account next week. I will make one trade on the live account each day and the rest trades in the demo account. Only the real account trading will give me the real pain and lets me to remember the patterns - lossing/winning patterns.
2. I will limit the trading lost less than A$1000 for the first month which means A$250 each week.
3. Stick to your rules
4. Only trade with the trending market, not sideway.
5. Only trade the cycle 3 or 3 rd Impusive move;
6. find a trade with a tight stop loss
7. No suitable trade, no trade. I am happy because I don't loss anything.

Sho, although the information about Forext I read equals to more than 10 books . I still need a lot of learning. I have many many questions. However, it will burn you out very quickly if too many questions throw to you. We need you to be very relax, doing well and give us more advises. I believe this thread has given us enough information for the success of Forex. Very big thanks and please keep posting your analyse in your two threads.

thanks mate
for the nice comment and u have found the value in this thread.
my advice is dont go live at the moment demo until ur confident fully.

i have just posted a link in the first post about the very basic of trading.new people go to that link and understand basic of fib divergence,elliot and lot moreand trade with me.u will understand my methood better.
i can teach u those but it will be complicated for u guys.because i see every thing as a market makers eye.


ok here is the link again basic education

all the best
sho

Hi Sho,

First of all, thank you for sharing your method. The second thing is that you are educating live, which is rare. I was referred to this thread by a friend, only last week. I have read the whole thread and I like what I see.

I know that Momentum is decided by comparing current bar to previous bars. Do you use any other method than this to determine the momentum?

Please have a look at the attached pic and correct it?

Thanks.

ok i am giving u a clue for institutional play.
****remember big move will happen when most of the people is stoped out***

don't spend a penny till u can double a demo or $20 account with confidence and risk management.

Hei Sho,

Here you go, it's good to learn whether to go for counter trend trade. Below is the copy from 2nd tread.
__________

Anyone watch the GU in last 2hrs? There was no single entry point to go short!! What's a nice 40p.

May be we can treat the 1st top red bar as an inside bar, and the divergence as signal, anyone will go short here?

May be Sho wouldhttp://cdn.forexfactory.com/images/s...m/big_grin.gif

City

ok guys i tryed to explain easily.i know there is so much things to explain but i did go easily.
its the same gu chart.
:::::::::::::::::::
That was fib hermonic level from last trading days. 1.61 level.that is a huge support level.if u see just higher time frame it will be easier for u to see.i can see and feel everything in one time frame.forex market is very technical market.institution make those plan.
they allways define their target and risk level before they enter at the trade.

and see the price action at that level how price is reacting at that level.three bar rejected from that level.

see the wage.(circle area).it reached its target level.
do u know no how to play wage.and how to define target for that?(if not ask me later i will show some advance trick later.)
and of course our stocastic gave us very early signal what to do at that level.do u understand how and when to use stocastic.people just blame the indicators.they doesnot know how and when to use them.they just misuse it and blow the account.hope fully u guys now have better understanding of stocastic indicator.i will say its a magic indicator.it saves us in lot advance.
people says its lagging but we know how to use it.
when it gives divergence signal .its an advance signal.its not happened yet.
it will happen.then how come stocastic is lagging.stocastic is solid momentum indicator.


so signal was for short.
1=fib confluence.
2=wage
3=divergence.
4=small stop.
5=price action
we did get 5 signals before jumping on the board.


one more advice.
dont try to understand how orderflow comes in the market. ur brain will get fucked up while ur trading .
its not our job.
we are trader we just trade. we only need to know when order is comeing. so key word is when.not how.i know u r thinking its the same but its not.leave those thinking for the losers and just trade the setups.
dont try to take a master digree in order flow it wouldnot make u a profitable trader.it will just distruct u.
only thing we need to know is how to trade thats it.try to understand what i said.

more later.
sorry guys i am very bad at english gramer so excuse me for that.i have to learned that from u guys.
sho

i'll god damn teach u grammar!! u anywhere near euston station??? droppin the bird off there on fridy

Sho, tks for the explanation but it just too advance for me at the moment. Let me digest those messages one by one, it takes time.

And I have to do a little search on "wage"...............

Cheers
City

thank yuo Sho for this very interisting and helpful explaination.

Don't be so hard on Sho.

Remember we are speaking FOREX.

That's all that matters.

When you find it, please share it.

The more I read this thread ,the more I see how little I understood forex.

The trick is now to start from a clean slate and have a teachable spirit, because if we start seeing like Sho does...............