Intraday price action trend trading

Sho,

See the situation of GU now, we should not play any trade until ant major break out, isn't it?

False break on GU, short -7p, now break again!!

+16 eu

After retrace green bar (Bar at GMT 12:15)

Reentry short GU +7 cut (GMT 1230 red bar)

Got to go home now, see you guys later.

City

PS - Francis, keep some pips for me, cheers

e/j +26 should have been in twice on this one but stayed in from 125.41

See you later just getting my own back now for the last few years

eu out b/e

g/u +20 took break of previous low

-12 e/j shouldnt really have taken trade on r/n

-7 took break of r/n aus

looks like its spikey Friday

Any one escape this big move, luckly that just back from dinner

Master Sho:

New experiences every day.

I lived in Sydney. After finished work, I turned on the computer to trade at 7:00pm which should be 9:00am or 10am London time. Nothing is moved in the market. I managed to made some trades and ended up with about 30 pips loss. Very unhappy.

At about 11pm Sydney time, there were some big movements in EG and EU. Wow, this time I will run with professionals with the method you shown us. I waited for the retracement of big move. Enter 2 to 3 orders on EG and EU on every retracement. I also noticed that both of them are at the botton of daily chart. In just few minutes, I got more than 60 pips which is enough to cover the early losses. See my statements which is in my demo account.

Tonight, I got 54 pips gross, but only 34 pips in net because I traded too much.

+15

+8

+8

+12

Hi Sho,

Can you pelase have a look at the attached chart and please help me understand this method better by explaining the chart.

Thanks.