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Intraday price action trend trading

  • #2,561
  • May 14, 2010 6:28am May 14, 2010 6:28am
Quoting Sutts
Appreciate the useful feedback Sho, I will get there in the end!

Here are all my trades from today. Would be good to know what you think of my approach and whether I could have avoided the losses. Would also be nice to know if I missed any entries.

Thanks

Dave
eu and ej last entrys are not valid entrys.
why?
answer is after 5th move of the day. no aggresive entry.unless u see solid candle formation.
its allways risky when u are in the 5th move or above.it can reverse or will go side way to catch up some followers.
and if any of your trade reverse dont let it hit your stop loss.cut it before it reaches your stop.
  • #2,562
  • May 14, 2010 6:32am May 14, 2010 6:32am
Quoting Ultimatus
Hi Trade Price, many thanks for helping everyone out on this thread, I am learning a lot from your teaching.

One question, how do you trail your stops? I have been trailing the stop behind the previous 5 min candle but often get stopped out and then prices goes further. Should I trail behind the 15 min candle instead? What do you recommend?

Thank you
There is few way you can manage a trade.so far we only use 15 mins for entry and exit.only 4 or daily for obvious S/R levels.
for easy and safest way to manage a trade see this post its in the first thread.
post is #1985
  • #2,563
  • May 14, 2010 6:35am May 14, 2010 6:35am
Hey Trade Price,

When you say no aggressive entry do you mean only conservative entries, as in selling under the bar rather than at close? What do you define as aggressive?

Cheers
Ross
Want what the market wants
  • #2,564
  • May 14, 2010 6:43am May 14, 2010 6:43am
Quoting Buildcity
Add 3 more aggressive trades: (dont follow)

Short EJ +11,
Short GU +8,
Long GU +7 (too quick, no picture)

Sometimes really want to know what's the real meaning of "when you are in, I'm out", that the statment Sho told us some days before)

Edit: not bad for my daily target, with +63 up to this moment, haha
hey build

why not open your own thread and post your trades there, save cluttering this thread and confusing people....

i'm sure people have no interes inevery trade you take,please keep to the method as intended
  • #2,565
  • May 14, 2010 6:43am May 14, 2010 6:43am
Quoting trade price
eu and ej last entrys are not valid entrys.
why?
answer is after 5th move of the day. no aggresive entry.unless u see solid candle formation.
its allways risky when u are in the 5th move or above.it can reverse or will go side way to catch up some followers.
and if any of your trade reverse dont let it hit your stop loss.cut it before it reaches your stop.
Thanks for the help Sho, I must start counting moves more often. I think the problem is I'm not confident in my wave counts. I get confused as to whether single green bars like the doji on the EU fall are classed as a wave in themselves. I do count all inside bars as waves though.

I would probably have seen my last entry as being in the 4th move.
  • #2,566
  • May 14, 2010 6:44am May 14, 2010 6:44am
Quoting DangerBoy
Hey Trade Price,

When you say no aggressive entry do you mean only conservative entries, as in selling under the bar rather than at close? What do you define as aggressive?

Cheers
Ross
agrresive is selling in a downtrend only with candle formation quick in and out.without fib or elliot wave or any other confluence.same with uptrend.
conservative is when we combine three or more confluence together.

yes for aggresive, we dont wait for confirmation.
for conservative bar have to break the low or high to enter.
but remember for conservative u need bigger stop in most of your trades.
choice is your to take it or not.
  • #2,567
  • May 14, 2010 6:50am May 14, 2010 6:50am
Am I annoying you guys?

Quoting FOURX
hey build

why not open your own thread and post your trades there, save cluttering this thread and confusing people....

i'm sure people have no interes inevery trade you take,please keep to the method as intended
  • #2,568
  • May 14, 2010 6:50am May 14, 2010 6:50am
Quoting FOURX
hey build

why not open your own thread and post your trades there, save cluttering this thread and confusing people....

i'm sure people have no interes inevery trade you take,please keep to the method as intended
please this thread is for all of you guy.you can post any of your trades here .
city is one of my old friend.he is permited to do whatever he wants.you are wellcome as well.
we are all friends.we need all good and bad trades.
this is a active trade its for the active discussion.
plase feel free to post your methood as well.
may be i can learn something from you guys.
good trading
sho
  • #2,569
  • May 14, 2010 6:57am May 14, 2010 6:57am
Sho,

If I'm a lady, I'll be your wife and assist you to manage this thread as far as I can.

Tks
City,

By the Way, to be honest to master Sho, my name is ERIC. Even I've been using Buildcity / City for quite a many years via the internet.

Quoting trade price
please this thread is for all of you guy.you can post any of your trades here .
city is one of my old friend.he is permited to do whatever he wants.you are wellcome as well.
we are all friends.we need all good and bad trades.
this is a active trade its for the active discussion.
plase feel free to post your methood as well.
may be i can learn something from you guys.
good trading
sho
  • #2,570
  • May 14, 2010 7:02am May 14, 2010 7:02am
probably eu is resumeing its downmove.
lets see
  • #2,571
  • May 14, 2010 7:10am May 14, 2010 7:10am
did take an aggresive chance .stoped out
Attached Image (click to enlarge)
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  • #2,572
  • May 14, 2010 7:11am May 14, 2010 7:11am
Quoting trade price
please this thread is for all of you guy.you can post any of your trades here .
city is one of my old friend.he is permited to do whatever he wants.you are wellcome as well.
we are all friends.we need all good and bad trades.
this is a active trade its for the active discussion.
plase feel free to post your methood as well.
may be i can learn something from you guys.
good trading
sho
hey Sho

i trade this very method,but on the 5min timeframe, as it gives quicker entries.

i also incorporate the 9 and 30eme
  • #2,573
  • May 14, 2010 7:13am May 14, 2010 7:13am
i am long 5min pullback-9/30 cross
  • #2,574
  • May 14, 2010 7:14am May 14, 2010 7:14am
closed for +15
  • #2,575
  • May 14, 2010 7:14am May 14, 2010 7:14am
Quoting FOURX
hey Sho

i trade this very method,but on the 5min timeframe, as it gives quicker entries.

i also incorporate the 9 and 30eme
its fine buddy.u can use any time frame.
i use ma in stock trading.
  • #2,576
  • May 14, 2010 7:24am May 14, 2010 7:24am
Quoting trade price
did take an aggresive chance .stoped out
i took the same, sho, got stopped out with -20
  • #2,577
  • May 14, 2010 7:25am May 14, 2010 7:25am
Better no trade as major US related news are coming
  • #2,578
  • Edited 7:45am May 14, 2010 7:31am | Edited 7:45am
Quoting xeqter
i took the same, sho, got stopped out with -20
did take a quick aggresive long after that.see highlighted area.

have a great week end all of you.
i am off from forex.
take care
sho
Attached Image (click to enlarge)
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  • #2,579
  • May 14, 2010 8:23am May 14, 2010 8:23am
Quoting trade price
did take a quick aggresive long after that.see highlighted area.

have a great week end all of you.
i am off from forex.
take care
sho
Great work Sho and thanks again for all your advice.

For me, 65% profitable trades this week.
85% account increase with 1-2% risk exposure at any one time.

The key has been very small losses, lots of BEs, many 2:1 & 3:1 wins and a few 100+ moves.
Still trader errors so plenty of room to maintain and improve on this.

The method is working well.
Room for improvement lies within the mind!

Have a good weekend all.
Rob
  • #2,580
  • May 14, 2010 8:34am May 14, 2010 8:34am
Quoting trade price
did take a quick aggresive long after that.see highlighted area.

have a great week end all of you.
i am off from forex.
take care
sho
Bye Sho, thanks for your help. Have a relaxing weekend.
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