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intraday trend trading with price action

  • #1,801
  • Apr 6, 2010 12:59am Apr 6, 2010 12:59am
Yes, I second.

English is not my 1st language too. I'm practicing forex as well as English at the same time here.

City

Quoting matlobien
Don't be so hard on Sho.

Remember we are speaking FOREX.

That's all that matters.

  • #1,802
  • Apr 6, 2010 2:01am Apr 6, 2010 2:01am
I don't think Sho meant 'wage'

I think he probably meant to write 'WEDGE'

That makes sense, right?
Nothing is true, Everything is permitted
  • #1,803
  • Apr 6, 2010 3:07am Apr 6, 2010 3:07am
Quoting mystery23
I don't think Sho meant 'wage'

I think he probably meant to write 'WEDGE'

That makes sense, right?
thinking the same thing.
  • #1,804
  • Apr 6, 2010 4:35am Apr 6, 2010 4:35am
Quoting trade price
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...
Thanks for the great explanation Sho. One thing I don't understand is why the wedge? (wage) would be a signal for the coming short from the top. I've always seen wedges as a trend continuation formation.

Thanks
  • #1,805
  • Apr 6, 2010 4:38am Apr 6, 2010 4:38am
Quoting matlobien
Don't be so hard on Sho.

Remember we are speaking FOREX.

That's all that matters.


hahah yeah i knoww

was being funny like:
Inserted Video
  • #1,806
  • Apr 6, 2010 5:17am Apr 6, 2010 5:17am
Quoting mystery23
I don't think Sho meant 'wage'

I think he probably meant to write 'WEDGE'

That makes sense, right?
hah hah

i told u i am bad at english grammer.
so its wedge not wages.
hah hah i am learning english.
  • #1,807
  • Apr 6, 2010 6:03am Apr 6, 2010 6:03am
Quoting Sutts
Thanks for the great explanation Sho. One thing I don't understand is why the wedge? (wage) would be a signal for the coming short from the top. I've always seen wedges as a trend continuation formation.

Thanks
there is allways a trick.trading is not a textbook.
otherwise everyone will know how to make money easily from fx.
its for certain people.
wedge is a great things it allways tells us when to exit.
hah hah u have to know how to use them.
in the market everything is organised and planed.
  • #1,808
  • Apr 6, 2010 7:07am Apr 6, 2010 7:07am
Quoting trade price
there is allways a trick.trading is not a textbook.
otherwise everyone will know how to make money easily from fx.
its for certain people.
wedge is a great things it allways tells us when to exit.
hah hah u have to know how to use them.
in the market everything is organised and planed.
i've previously played wedge breakouts, that is commonly known.

what do you mean exit, does it indicate an upcoming reversal.

I can clearly see the breakout in the circle you have drawn.

Can you explain the exit concept in more 'mysterious' ways?
Nothing is true, Everything is permitted
  • #1,809
  • Apr 6, 2010 11:03am Apr 6, 2010 11:03am
gu in the ny session
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  • #1,810
  • Apr 7, 2010 12:24am Apr 7, 2010 12:24am
1st i would like to take this opportunity to thanks Sho & other senior who contributed tonnes of information, is it superb and useful for a newbie like me...

It took me 1 week+ to read thru this whole thread until this point i start to post...

I'll seriously practice and remember all the advices that given here...hopefully 1 day i may become a profitable fx trader like u all...

Peace & Pips !!
  • #1,811
  • Apr 7, 2010 7:16am Apr 7, 2010 7:16am
Quoting Milton
Hi Sho
Do you mean I am too late within the entry bar or I am too late within the price move?

milton
why i say its late entry see now its ur chart.
scalpers mean thief(for me).
so no late entry.
we are thiefs we have to get in, get it, and get out.
only three quick step.no mistake.(but sometimes we will get caught with small stop)
because of late entry ur perfect stratagy could become a losing stratagy.
if u can, read all the thread again and understand.
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  • #1,812
  • Apr 7, 2010 7:22am Apr 7, 2010 7:22am
Scalper = thief ........ YES I am, so I always stop out!!

Quoting trade price
milton
why i say its late entry see now its ur chart.
scalpers mean thief(for me).
so no late entry.
we are thiefs we have to get in, get it, and get out.
only three quick step.no mistake.(but sometimes we will get caught with small stop)
because of late entry ur perfect stratagy could become a losing stratagy.
if u can, read all the thread again and understand.
  • #1,813
  • Apr 7, 2010 7:26am Apr 7, 2010 7:26am
Quoting Buildcity
Scalper = thief ........ YES I am, so I always stop out!!
stoped out with the couple of slap(thief) is ok.
not beat up by(with lots of pips) the market.
  • #1,814
  • Apr 7, 2010 7:29am Apr 7, 2010 7:29am
This is how I identify the trades, am I on the right track ? I am still new on forex

And your thread is interesting Thanks

A credit for u
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  • #1,815
  • Apr 7, 2010 7:29am Apr 7, 2010 7:29am
Quoting trade price
milton
why i say its late entry see now its ur chart.
scalpers mean thief(for me).
so no late entry.
we are thiefs we have to get in, get it, and get out.
only three quick step.no mistake.(but sometimes we will get caught with small stop)
because of late entry ur perfect stratagy could become a losing stratagy.
if u can, read all the thread again and understand.
Thank you Sho. I have to train, that I see what I have to see (for example in my chart, that the big red candle already bounced off the middle line). It is practice. I will read the thread again.
  • #1,816
  • Apr 7, 2010 10:53am Apr 7, 2010 10:53am
see the highlited area in the chart.this is eur/jpy 15m
before that drop.i posted same chart in the active thread.

now i wanna know what do u see in that chart?
and how many entry in the chart?
pure naked advance training.
Attached Image
  • #1,817
  • Apr 7, 2010 11:01am Apr 7, 2010 11:01am
Quoting trade price
see the highlited area in the chart.this is eur/jpy 15m
before that drop.i posted same chart in the active thread.

now i wanna know what do u see in that chart?
and how many entry in the chart?
pure naked advance training.
Depends. Are you referring to the Inside Bar/Engulfed Candlestick entries that are riddled in that chart or are you referring to retracement/consolidation entries? I see a lot of those as well.
  • #1,818
  • Apr 7, 2010 11:08am Apr 7, 2010 11:08am
Quoting Jhig
Depends. Are you referring to the Inside Bar/Engulfed Candlestick entries that are riddled in that chart or are you referring to retracement/consolidation entries? I see a lot of those as well.
trading entry and exit?
  • #1,819
  • Apr 7, 2010 11:12am Apr 7, 2010 11:12am
Without the KC I got lost!!http://cdn.forexfactory.com/images/icons/icon10.gif

Quoting trade price
see the highlited area in the chart.this is eur/jpy 15m
before that drop.i posted same chart in the active thread.

now i wanna know what do u see in that chart?
and how many entry in the chart?
pure naked advance training.
  • #1,820
  • Apr 7, 2010 12:22pm Apr 7, 2010 12:22pm
That's what I see: 6 entries, not 7.
Attached Image
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