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Intraday price action trend trading

  • #2,181
  • Edited 6:49am Apr 30, 2010 6:47am | Edited 6:49am
Quoting Sutts
You got in early City. I waited until the bar closed and am now feeling the heat!

Doesn't seem to want to fall. Moving stop to b/e -5
hey sutts

i pointed that out to him, i dont think it is good practise if the candle is not closed, what you have done is to the mathod

BC your trade was purely a bounce from sup become resistance, idont think it should have been posted, it could confuse the thread

just my thoughts
  • #2,182
  • Apr 30, 2010 6:51am Apr 30, 2010 6:51am
Next time I may need to add a remark "Not Sho's way"

Quoting FOURX
hey sutts

i pointed that out to him, i dont think it is good practise if the candle is not closed, what you have done is to the mathod

BC your trade was purely a bounce from sup become resistance, idont think it should have been posted, it could confuse the thread

just my thoughts
  • #2,183
  • Apr 30, 2010 6:51am Apr 30, 2010 6:51am
Quoting FOURX
hey sutts

i pointed that out to him, i dont think it is good practise if the candle is closed, what you have done is to the mathod

BC your trade was purely a bounce from sup become resistance, idont think it should have been posted, it could confuse the thread

just my thoughts
dont worry buddy.its a difrent way to skin a cat.all valid in learning process.if u dont do ,u wont be able to know what is good and what is bad.
its just aggresive way to play.
all of u guys are doing great .
i am happy i have found another family here in the ff.
keep it up
  • #2,184
  • Apr 30, 2010 6:58am Apr 30, 2010 6:58am
Quoting trade price
dont worry buddy.its a difrent way to skin a cat.all valid in learning process.if u dont do ,u wont be able to know what is good and what is bad.
its just aggresive way to play.
all of u guys are doing great .
i am happy i have found another family here in the ff.
keep it up

You've done a good job Sho. I think the lessons are finally sinking in.
GU +23.
  • #2,185
  • Apr 30, 2010 6:59am Apr 30, 2010 6:59am
gu +23 that was a hairy ride
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  • #2,186
  • Apr 30, 2010 7:00am Apr 30, 2010 7:00am
Quoting francis2
gu +23 that was a hairy ride
Sure was francis.
  • #2,187
  • Apr 30, 2010 7:04am Apr 30, 2010 7:04am
I don't like Friday afternoons so I'm off now. Managed to make up for some stupid mistakes this morning and I've got 28 in the bag now so can't complain.

Hope you catch some nice trades later.

Dave
  • #2,188
  • Apr 30, 2010 7:08am Apr 30, 2010 7:08am
took all the trades u guys are talking.my last 4 trades result.in gu took two possition
still in gbp/jpy stop is BE
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  • #2,189
  • Apr 30, 2010 7:13am Apr 30, 2010 7:13am
Quoting trade price
took all the trades u guys are talking.my last 4 trades result.in gu took two possition
still in gbp/jpy stop is BE
ok here is the gbp/jpy result(highlited area)
see u next time good luck to all of u.
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  • #2,190
  • Apr 30, 2010 7:18am Apr 30, 2010 7:18am
Quoting Sutts
Sure was francis.
I was ready to bail out if it rose above the second candle and it was on the nail before it dropped
I know Sho has different exit rules for differing trades
  • #2,191
  • Apr 30, 2010 7:19am Apr 30, 2010 7:19am
Quoting Sutts
I don't like Friday afternoons so I'm off now. Managed to make up for some stupid mistakes this morning and I've got 28 in the bag now so can't complain.

Hope you catch some nice trades later.

Dave
see you Dave
  • #2,192
  • Apr 30, 2010 7:21am Apr 30, 2010 7:21am
Quoting francis2
see you Dave
Yeah, catch you Tuesday Francis. Have a great weekend all.
  • #2,193
  • Apr 30, 2010 7:23am Apr 30, 2010 7:23am
Quoting francis2
gu +23 that was a hairy ride
Even I got the less from this GU trade, I appreciate you guys have all the same thought with me. Always knowing I should stay with the trade longer, but different traders have different personality.

Lastly, this trade is surely Sho's way ~ momentum is the key, s/r line, wedge, ma lines or kc are all the guidances / indicators / price pattern for help, the only different is how aggressive or conserative you are. Price Action is king.

That's my thought
City
  • #2,194
  • Apr 30, 2010 7:27am Apr 30, 2010 7:27am
I open two contracts to Short GU. Now, it is +82 pips already. Should I quit now? No experience for this situation.
  • #2,195
  • Apr 30, 2010 7:30am Apr 30, 2010 7:30am
Quoting francis2
I was ready to bail out if it rose above the second candle and it was on the nail before it dropped
I know Sho has different exit rules for differing trades
yes, that's the difference.. experience!

I got out at BE instead of bagging at least 20 pips of 40 possible.

Well however I believe with practice comes experience and with experience comes success!
We all know that this method works and thats what we have to remind ourselves of all the time..
It's an odds game, and with this method the odds a clearly on our side!

Thanks for the setups and keep 'em coming guys!
  • #2,196
  • Apr 30, 2010 7:40am Apr 30, 2010 7:40am
Quoting Tang63
I open two contracts to Short GU. Now, it is +82 pips already. Should I quit now? No experience for this situation.
i would say were somewhere near res now 38% of upmove
  • #2,197
  • Apr 30, 2010 7:52am Apr 30, 2010 7:52am
anyone for a bit of impulsive corrective on aus not easy on a bad day
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  • #2,198
  • Apr 30, 2010 8:02am Apr 30, 2010 8:02am
EJ - What do you think?
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  • #2,199
  • Apr 30, 2010 8:04am Apr 30, 2010 8:04am
Quoting Buildcity
EJ - What do you think?
ej
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  • #2,200
  • Apr 30, 2010 8:08am Apr 30, 2010 8:08am
Quoting francis2
ej
I tighted my hands
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