DislikedThanks Sho, I don't think 15 pip stops give us much of a chance in this kind of market. I am seeing the entry bars - just don't get a chance to enter at a risk I'm comfortable with.
Last 2 days have been totally crazy. I find it really frustrating watching all those pips pass me by but I guess you've got to risk big to win big.
Cheers,
DaveIgnored
Intraday price action trend trading
- #2,342
- May 7, 2010 5:11am May 7, 2010 5:11am
- | Commercial User | Joined Nov 2007 | 1,079 Posts
Great Rob, thanks for confirming. The method works fine....I just need to grow some bigger balls.
I have been using Sho's method for a few weeks and of course it takes some getting used to. An exercise that helps me is to look back at the charts and see how this method works.
There will always be losses, but with enough discipline to stick to the rules, there is an edge that can make you money.
As Sho says "you must trade like a robot".
I still have many improvements to make to myself, but I have found more success using Sho's method than any other in the years I have traded. That's not to say other trading styles don't work, it just means that I have found an edge that suits my personality.
So long as we have an edge (this or any edge) and we put our trust in that edge, and stick with the rules, we can make money.
Rob
- #2,347
- Edited 5:41am May 7, 2010 5:40am | Edited 5:41am
- Joined Jan 2010 | Status: Trader | 1,188 Posts
sho i also took the trade you showed on post 2330, moved S/L to BE and got stopped out? did i move it too early?? 1.27345, it certainly looks like it? are you still in?
ant
post your chart and how u entered i will have a look.
if guys can post more of your trades including the losing one.so u can discuss with each other.it will help u more to learn the methood.
where is my man city.
i think he is scared of his boss
- #2,348
- May 7, 2010 5:47am May 7, 2010 5:47am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
I'm right here Sho, I can only read the posts during the day in office. Can't concentrate on both (trading and my own job)
Now my boss is off so say hello to everyone. HaHa
BTW, this thread is so crow, right now 29 persons
) Now my boss is off so say hello to everyone. HaHa
BTW, this thread is so crow, right now 29 persons
another EU long.
post your chart and how u entered i will have a look.
if guys can post more of your trades including the losing one.so u can discuss with each other.it will help u more to learn the methood.
where is my man city.
i think he is scared of his boss
- #2,350
- May 7, 2010 5:57am May 7, 2010 5:57am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
- #2,354
- May 7, 2010 6:31am May 7, 2010 6:31am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
- #2,356
- May 7, 2010 6:52am May 7, 2010 6:52am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
- #2,357
- May 7, 2010 6:54am May 7, 2010 6:54am
- | Commercial User | Joined Nov 2007 | 1,079 Posts
Same to Rob
- #2,358
- May 7, 2010 6:58am May 7, 2010 6:58am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
- #2,359
- May 7, 2010 7:06am May 7, 2010 7:06am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Nice one City
Just testing out some other strategy together with Sho's teaching.
Keeping myself out of count trend trade. Keep thinking so no play too much.
City
- #2,360
- May 7, 2010 7:09am May 7, 2010 7:09am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Better than negative.......haha
Same to Rob