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Intraday price action trend trading

  • #2,441
  • May 11, 2010 8:28am May 11, 2010 8:28am
Quoting Buildcity
Rob,

The GU is still playing the same s/r (1.48 zone). Really have no idea.
City, I think we had a very good momentum bar, and if I had listened to the method instead of my emotion, I would have won some pips. But alas I didn't.

Rob
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  • #2,442
  • May 11, 2010 8:36am May 11, 2010 8:36am
GU Inside Bar


Im out BE on this one.

I moved SL to BE and let that thing run got stopped out and now its going up^^

good decision ?
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Never whishing, always trading.
  • #2,443
  • Edited 9:07am May 11, 2010 8:42am | Edited 9:07am
Quoting priceaction
City, I think we had a very good momentum bar, and if I had listened to the method instead of my emotion, I would have won some pips. But alas I didn't.

Rob
Yes, you are right, the OB could be a really good signal for long trade, but its somehow against Sho's method, but the 1.48 (s/r zone, daily chart) really scare me too to go long.
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  • #2,444
  • May 11, 2010 8:47am May 11, 2010 8:47am
Still learning.

Should I've gone long on this marked Inside Bar ? I noticed the big green bar prior to it, but thought trend is still down, so i waited for a break down, which never happened.

Would you say on this big green bar that momentum changed and one should look for longs only ?
Attached Image
Never whishing, always trading.
  • #2,445
  • Edited 9:03am May 11, 2010 8:54am | Edited 9:03am
Quoting Hova
Still learning.

Should I've gone long on this marked Inside Bar ? I noticed the big green bar prior to it, but thought trend is still down, so i waited for a break down, which never happened.

Would you say on this big green bar that momentum changed and one should look for longs only ?
For sharing,

The bottom OB green bar is an abnormal bar and truely against the trend, I've been killed to play this kind of counter trend trade so many times (Sho did purnish me). So I tried to escape this kind of trading.

For the 2nd big green, its really a big force to break the r/n and the major s/r (see previous post to Rob). The next IB with 30+ retrace could be a very good play.

My own feel
City

Edit: today the king is really kind to me, I got almost 90p, 3 times of my daily target. get back home now, see you guys
  • #2,446
  • May 11, 2010 9:06am May 11, 2010 9:06am
See u city , Hope u carried out ur official duties also.
  • #2,447
  • May 11, 2010 9:08am May 11, 2010 9:08am
Quoting sruthihari
See u city , Hope u carried out ur official duties also.
Bye, hope you are not my boss
  • #2,448
  • May 11, 2010 9:16am May 11, 2010 9:16am
Quoting Buildcity
Bye, hope you are not my boss
City, I am sure, you are a winning trader - not because your skills, but because you are a winning being.
  • #2,449
  • May 11, 2010 10:41am May 11, 2010 10:41am
Haha, just before the closing of London, 1 quick long with +12 on last blue bar break of r/n

Edit: Honest, it just too quick n no time to take screen shot - as within a min. to get in, get it and get out
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  • #2,450
  • May 11, 2010 10:55am May 11, 2010 10:55am
Quoting Buildcity
Haha, just before the closing of London, 1 quick long with +12 on last blue bar break of r/n

Edit: Honest, it just too quick n no time to take screen shot - as within a min. to get in, get it and get out
hey you are geting faster AND FASTER day by day.
i am bit woried for me .
  • #2,451
  • May 11, 2010 10:56am May 11, 2010 10:56am
Quoting Hova
Still learning.

Should I've gone long on this marked Inside Bar ? I noticed the big green bar prior to it, but thought trend is still down, so i waited for a break down, which never happened.

Would you say on this big green bar that momentum changed and one should look for longs only ?
shall we go for a lesson?
  • #2,452
  • May 11, 2010 10:59am May 11, 2010 10:59am
Quoting trade price
shall we go for a lesson?
yes please

tell me what you would have done
Never whishing, always trading.
  • #2,453
  • May 11, 2010 11:01am May 11, 2010 11:01am
Quoting Hova
yes please
will post tonight or tommorow morning in the first thread
  • #2,454
  • May 11, 2010 11:02am May 11, 2010 11:02am
Quoting Milton
City, I am sure, you are a winning trader - not because your skills, but because you are a winning being.
Milton, tks I'm sure I'm no expert and still learning from Sho, and other good players like Rob (priceaction) & Francis.

Cheers,
City
  • #2,455
  • May 11, 2010 11:03am May 11, 2010 11:03am
Quoting trade price
will post tonight or tommorow morning in the first thread

would be appreciated
Never whishing, always trading.
  • #2,456
  • May 11, 2010 11:07am May 11, 2010 11:07am
Hey Sho,

Nice to see you HOME, haha, I have something to ask you and I will post it in 1st thread within a hour. Hope you can help me clear some stuff.

Tks in advance.
City

PS - pls don't mind I posted some my own trading ways, but surely you let me know how to feel the price action
  • #2,457
  • May 11, 2010 11:55am May 11, 2010 11:55am
Hey Sho,

would really like to know your opinion on this ej short trade.
I saw a nice down trend and momentum, so i entered on this retrace pinbar..some mins later I got stopped out with a 40pip loss.
As far as I know the setup is acceptable the only thing i ask myself is, if you would have entered this trade inspite of the fact that the stoploss was about 40 pips?

As a conclusion I believe that on the 15min timeframe we should only take trades with a max. sl of 30 pips.. or do I get something wrong here?

Any answers would be much appreciated!
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  • #2,458
  • May 11, 2010 11:56am May 11, 2010 11:56am
Sho,

Thanks for those great responses you posted in the main thread. Still much to learn but making progress I think.

Cheers,

Dave
  • #2,459
  • May 11, 2010 7:10pm May 11, 2010 7:10pm
BuildCity, you are a legend. Really learn a lot from you and Francis.

I was Long on the GU for the first big blue. It was 11pm Sydney time. So, I went to sleep and missed the less.

I think the momentum isn't just refer to impulsive move. All PB, break out are momentum move. However, they are much risky to play with quick actions. So, all of us (newbies) should stay away of it at the beginning.

Actually, impulsive move isn't risky free. Every four trades, one of them should failed because there are only 3 moves normally.
  • #2,460
  • Edited 8:21pm May 11, 2010 8:18pm | Edited 8:21pm
A quick breadfast in early morning play, don't expect too much in early Asia session

Purely Sho's way - but should be applied in faster market move.
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