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  • #1,941
  • Apr 27, 2010 1:37am Apr 27, 2010 1:37am
Quoting Buildcity
Entry after the red OB and break the MA10, still get out too quick. otherwise a nice 20p

Edit: shit now +40, just a few mins after
hi buildcity, do you have a copy of the indicator you have that paints the reversal candles/pin bars in a box?
thanks!
  • #1,942
  • Apr 27, 2010 2:18am Apr 27, 2010 2:18am
Hi Royston and Rogerdoger,

To Royston,

For this case, the sl was within the body of OB but above MA, must not greater than 20 as I have prefixed the top limit of sl by EA. Its silly but effective to control my emotion to move the sl higher and higher.... .

One thing is certain that keep our sl to minimal.

For sharing only, you may have your strategy.


To Rogerdoger,

PM me pls, give me some times as my boss is watching me.

Cheers both.
City

Quoting Royston
Hi City,
where are you placing the stops on the outside bars? Size of the bar on my chart is about 22 pips plus a bit at each end. Which means a stop of maybe 25 or so if you go to the usual end of the bar place.
  • #1,943
  • Apr 27, 2010 2:46am Apr 27, 2010 2:46am
16 pips from inverted hammer gu
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  • #1,944
  • Apr 27, 2010 3:03am Apr 27, 2010 3:03am
this short already 12 pips in profit , where to exit?
i trail the sl on former candles high
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  • #1,945
  • Apr 27, 2010 3:20am Apr 27, 2010 3:20am
Quoting MJurban
this short already 12 pips in profit , where to exit?
i trail the sl on former candles high

closed B/E
  • #1,946
  • Apr 27, 2010 3:32am Apr 27, 2010 3:32am
Quoting MJurban
closed B/E
Hi MJ its difficult price hit yesterdays res area and bounced
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  • #1,947
  • Apr 27, 2010 3:38am Apr 27, 2010 3:38am
Quoting francis2
Hi MJ its difficult price hit yesterdays res area and bounced
yes, so in this case it would have been better to take the 10 pips insted of trailing stoploss
  • #1,948
  • Apr 27, 2010 4:11am Apr 27, 2010 4:11am
bounce back down off r/n +39
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  • #1,949
  • Apr 27, 2010 4:44am Apr 27, 2010 4:44am
You stole all pips

Nice trade, r/n is good, particular with perfect retrace.

Quoting francis2
bounce back down off r/n +39
  • #1,950
  • Apr 27, 2010 5:08am Apr 27, 2010 5:08am
Quoting Buildcity
You stole all pips

Nice trade, r/n is good, particular with perfect retrace.
thanks BC
  • #1,951
  • Edited 12:50pm Apr 27, 2010 5:12am | Edited 12:50pm
Hi Guys,

I'm still around and using Sho's methods but haven't had the energy to post recently. What I have been doing is using the MT4 strategy tester to replay loads of past data and try to get a better feel for these entries. I'd recommend this approach to anyone who's struggling as you can get through days of 15M data in a very short time and because you see the same setups again and again in quick succession, the lessons tend to have more of an impact than when they're spread out over one or more days.

Anyway, I feel that I am improving and will try to post more often. Thanks to Francis, City and others for the regular posts - they've really helped.

Of course a big thanks to Sho for sticking with us and hammering home the key points. I'm starting to understand the importance of momentum at last.

Anyhow, quite a good day today but conditions are very favourable compared to whippy Monday. Unfortunately I didn't let any of them run to their full potential but this is scalping after all!
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  • #1,952
  • Apr 27, 2010 5:30am Apr 27, 2010 5:30am
Hi Dave,

Enjoy to have you around as your Q&A with Sho did brigthen up the thread.

Cheers,
City

Quoting Sutts
Hi Guys,

I'm still around and using Sho's methods but haven't had the energy to post recently. What I have been doing is using the MT4 strategy tester to replay loads of past data and try to get a better feel for these entries. I'd recommend this approach to anyone who's struggling as you can get through days of 15M data in a very short time and because you see the same setups again and again in quick succession, the lessons tend to have more of an impact than when they're spread out over one or more days.

Anyway, I feel that I am improving...
  • #1,953
  • Apr 27, 2010 5:44am Apr 27, 2010 5:44am
Quoting Sutts
Hi Guys,

I'm still around and using Sho's methods but haven't had the energy to post recently....
Good to see you dave how do you use the strat tester?
another way I find is to use M1 aswell because the patterns obviously set up quicker and you can scroll through an m1 chart looking at the candle formations
  • #1,954
  • Apr 27, 2010 5:55am Apr 27, 2010 5:55am
Nice charts aswell dave
The trades I find a problem sometimes are the ones that go in the right directioin soon after the start of the candle but then they retrace past the stop only to go your way again on the same candle

Dave do you enter at the closing price of the trigger candle or do you let it go a pip or two the right way first

You do well to get out _1 I havent managed that yet I tend to let them go too far just in case so to speak
  • #1,955
  • Apr 27, 2010 6:01am Apr 27, 2010 6:01am
Hi guys,

There is a pretty strong support at 1.33 (based on H4), will you play long at the moment?

City
  • #1,956
  • Apr 27, 2010 6:02am Apr 27, 2010 6:02am
Quoting Buildcity
Hi guys,

There is a pretty strong support at 1.33 (based on H4), will you play long at the moment?

City
tempted but I have been caught so many times before doing that however it would be small stop atm
its aslso a long way from 21sma
  • #1,957
  • Apr 27, 2010 6:10am Apr 27, 2010 6:10am
Quoting francis2
tempted but I have been caught so many times before doing that however it would be small stop atm
its aslso a long way from 21sma
Yes, seems no good, I scalped out with +6.
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  • #1,958
  • Apr 27, 2010 6:19am Apr 27, 2010 6:19am
Quoting Buildcity
Yes, seems no good, I scalped out with +6.
Yes that bit of doubt creeps in when you see price retracing back wondering whether itll come back

50% retrace would take us bach to that previous support area
  • #1,959
  • Apr 27, 2010 6:26am Apr 27, 2010 6:26am
I'm controling myself not to go long on GU, but it looks like a 123 formation......., and also the daily range has been approached to 160.
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  • #1,960
  • Apr 27, 2010 6:36am Apr 27, 2010 6:36am
Quoting Buildcity
I'm controling myself not to go long on GU, but it looks like a 123 formation......., and also the daily range has been approached to 160.
why would a long entry even be considered ,when it is a perfect momentum trade set up, as Sho has taught.

i wonder is if type of trade posting is contributing to his absence
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