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Intraday price action trend trading

  • #2,301
  • May 6, 2010 12:41am May 6, 2010 12:41am
Quoting MJurban
morning ,
short this eu, sl trailed to B/E
I am not shure this is a Sho methode setup, what do you think?
for me it was an breakout from the bearish flag, hope it will last to the 2800 line
Hi MJ,

For me it is good set up, a break out after IB, also if we are looking at bigger picture like your MT4 pic, the momentum is still down. But as Sho said, after the 1st/2nd implusive move, we should consider to lower down our RR ratio.

For sharing

City
  • #2,302
  • May 6, 2010 12:44am May 6, 2010 12:44am
Quoting Buildcity
For you, keep it running until its stop out.

For me, get the profit. Coz I'm thief

We have different personality.

Hope you well.

Happy trading
City
hi City
the last to years or so, i followed the SYSTEM II , breakout on M5 charts and i also took each and every pip i saw on the chart.
I did quit well but all of a sudden, i dont know why or when it started, i realy hatted the little pips. It makes me seek i feel very uncomfortable if i take 4 or 5 pips out of a trde. I dont know why
Thats the main reason why i came to this thread, the M15 or even bigger like H1, with the low risk entry Sho teached us

So i feel better with a B/E, satisfied for plaaing it to my rules and i know that very often i catch a bertter like 2:1 or 3:1 ration
  • #2,303
  • May 6, 2010 12:56am May 6, 2010 12:56am
Yes MJ,

I do agree with you and I trust some days later I will be patience enough to stay with the open orders much longer. It takes time to tune my mindset. But with Sho's method, I really trust it is the way end up. So I enjoy to stay in this thread. I do want to change in smooth manner.

Tks
City

Quoting MJurban
hi City
the last to years or so, i followed the SYSTEM II , breakout on M5 charts and i also took each and every pip i saw on the chart.
I did quit well but all of a sudden, i dont know why or when it started, i realy hatted the little pips. It makes me seek i feel very uncomfortable if i take 4 or 5 pips out of a trde. I dont know why
Thats the main reason why i came to this thread, the M15 or even bigger like H1, with the low risk entry Sho teached us

So i feel better with a B/E, satisfied for plaaing it to my rules and i know that very often...
  • #2,304
  • May 6, 2010 1:53am May 6, 2010 1:53am
How many of you caught that big fall on EU/GU? I missed it of course.

I hate fast days like this. Once you've missed the train you might as well pack up for the day.
  • #2,305
  • May 6, 2010 2:02am May 6, 2010 2:02am
aus +18
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  • #2,306
  • May 6, 2010 2:03am May 6, 2010 2:03am
Quoting Sutts
How many of you caught that big fall on EU/GU? I missed it of course.

I hate fast days like this. Once you've missed the train you might as well pack up for the day.
I know what you mean Ive been busy last few days looks like ive missed a lot I nearly got up early but was tired but thought ill leave it sods law
  • #2,307
  • May 6, 2010 2:27am May 6, 2010 2:27am
gu +11
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  • #2,308
  • May 6, 2010 2:32am May 6, 2010 2:32am
ej +25 double bottom/engulfing candle took break of engulfer wouldnt have let trade run to stop though
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  • #2,309
  • May 6, 2010 2:47am May 6, 2010 2:47am
eu took a chance -11 50% retrace trade
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  • #2,310
  • May 6, 2010 4:41am May 6, 2010 4:41am
took 2 trades at the same level.u must have to pull the triger when time comes no hesitation.trade like a robot.can u see i am all ready 1:1,where every one is thinking to go short.i can be out now with good profit
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  • #2,311
  • May 6, 2010 4:50am May 6, 2010 4:50am
Quoting trade price
took 2 trades at the same level.u must have to pull the triger when time comes no hesitation.trade like a robot.can u see i am all ready 1:1,where every one is thinking to go short.i can be out now with good profit
Sho,

Two points ...
1) I notice your 2 x SLs are not quite the same.
2) Also I would normally put my SL 1 pip above IB / Pin. Yours is higher.

Can you explain?

Thanks for your help.
Rob
  • #2,312
  • May 6, 2010 4:52am May 6, 2010 4:52am
eu +21 out before news inside bar break down off resistance
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  • #2,313
  • May 6, 2010 4:58am May 6, 2010 4:58am
Quoting priceaction
Sho,

Two points ...
1) I notice your 2 x SLs are not quite the same.
2) Also I would normally put my SL 1 pip above IB / Pin. Yours is higher.

Can you explain?

Thanks for your help.
Rob
1= two diffrent orders thats why stop is diffrent.
2=did try to put the stop in safe place(previous supply level where orders are waiting to go short).sometime i use stop int the bar as well.(diffrent story)
but it does not have to be perfect all the time.
i think market will be flat for a while.lets see.
  • #2,314
  • May 6, 2010 5:31am May 6, 2010 5:31am
eu/gbp b/e too slow for me on res level retrace inv hammer
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  • #2,315
  • May 6, 2010 6:02am May 6, 2010 6:02am
Let's see
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  • #2,316
  • May 6, 2010 6:06am May 6, 2010 6:06am
hammer off round number stoch divergence +11 us/cad
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  • #2,317
  • May 6, 2010 8:09am May 6, 2010 8:09am
gu short +18 bounce off r/n / res level / engulfer/ stoch divergence
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  • #2,318
  • May 6, 2010 8:21am May 6, 2010 8:21am
u/j indecision bar short +12
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  • #2,319
  • Edited May 7, 2010 12:40am May 6, 2010 1:50pm | Edited May 7, 2010 12:40am
Today EJ range = 1021 pips,


No one in long please

Edit: Quote from the main thread Sho has just reminded everyone "as a retail trader we must have to use the stop loss.no one watching over our shoulder"

All stop loss have been triggered within a short moment.
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  • #2,320
  • May 7, 2010 12:39am May 7, 2010 12:39am
Quoting Buildcity

No one in long please
That is humor unlimited.
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