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Intraday price action trend trading

  • #2,921
  • May 21, 2010 4:11am May 21, 2010 4:11am
e/j +50 short after retraces on previous candles
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  • #2,922
  • May 21, 2010 4:14am May 21, 2010 4:14am
Just got 40 pips on shorting ej. I need to read through Francis's posts again and get back my early losses on EJ.
  • #2,923
  • May 21, 2010 4:14am May 21, 2010 4:14am
Quoting forex_growth
hey Franicis, Im a newbie here struggling and have checked out your posts but struggling to interpret them in terms of entry exit and formation etc...

can you tell me some more about your strategy please or somewhere where I can learn more, seems very effective!

at the moment I have tried a few different ways, my live account is almost down to zero but slowly getting there.. need more patience, less trigger finger and more planning as still unsure of entries, exits or price actions and how people actually get them
...
if i may-----
why you are trading live?first find a methood that is you are comfortable with,make a trading plan.stick with the rules.dont rush.if u are not sure about entry and exit dont risk your hard earned money,unless u wanna gamble that money.
find a trading stratagy that suits u.and i am sure francis will help u with that.i think he missed your post thats why i am fingering that post to francis.good luck.

sho
  • #2,924
  • May 21, 2010 4:19am May 21, 2010 4:19am
uk100 +20 inside bar break
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  • #2,925
  • May 21, 2010 4:23am May 21, 2010 4:23am
Quoting trade price
if i may-----
why you are trading live?first find a methood that is you are comfortable with,make a trading plan.stick with the rules.dont rush.if u are not sure about entry and exit dont risk your hard earned money,unless u wanna gamble that money.
find a trading stratagy that suits u.and i am sure francis will help u with that.i think he missed your post thats why i am fingering that post to francis.good luck.

sho
Sorry about that yes I missed the post
Basically I trade Sho ,s method as per the other thread trading retraces/fibs / inside bars, reversals at levels etc divergence, what I tend to do though is tighten up on the stops and usually exit mainly after first candle just my preferred way
  • #2,926
  • May 21, 2010 4:34am May 21, 2010 4:34am
Francis:

How do you use M1 and M15 for your decisions?
  • #2,927
  • May 21, 2010 4:37am May 21, 2010 4:37am
Quoting Tang63
Francis:

How do you use M1 and M15 for your decisions?
Basically I use M15 as per the method but as the bar changes I monitor M1 to get best entry and minimize drawdown
  • #2,928
  • May 21, 2010 4:42am May 21, 2010 4:42am
Francis/Sho/Eric:

I use M5 to catch the last big red bar. It is 40 pips.

Is the entry correct?
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  • #2,929
  • May 21, 2010 4:45am May 21, 2010 4:45am
Quoting Tang63
Francis/Sho/Eric:

I use M5 to catch the last big red bar. It is 40 pips.

Is the entry correct?
seems good to me
  • #2,930
  • May 21, 2010 4:45am May 21, 2010 4:45am
see you all next week got to go
  • #2,931
  • May 21, 2010 5:09am May 21, 2010 5:09am
Quoting Tang63
Francis/Sho/Eric:

I use M5 to catch the last big red bar. It is 40 pips.

Is the entry correct?
Yes, stick to Sho's way, seems good. You should short right after the last pin?

City
  • #2,932
  • May 21, 2010 5:14am May 21, 2010 5:14am
Quoting jakdan
you can come to my house, as long as we can share the pips
Pay me the ticket, I go straight.
  • #2,933
  • May 21, 2010 5:22am May 21, 2010 5:22am
Combination of last blue & red is pin and in down trend, momentum down, short with 18
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  • #2,934
  • May 21, 2010 5:36am May 21, 2010 5:36am
50% retrace then entry, quick 10
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  • #2,935
  • May 21, 2010 6:02am May 21, 2010 6:02am
GU - DB, corrective to implusive
EJ - similar
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  • #2,936
  • May 21, 2010 6:37am May 21, 2010 6:37am
Another quick 10 rebound from trend
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  • #2,937
  • May 21, 2010 6:56am May 21, 2010 6:56am
no more risk, 110 today, should be very happy for the day (this week too).

better no trade in 2nd half of US session. That's.

Happy trading
City
  • #2,938
  • May 21, 2010 7:08am May 21, 2010 7:08am
Guys,

All these learn from Sho (Trade Price), trade with the trend, count the implusive / corrective move, then go with momentum. This could be very profitable in a nice trend, don't trade in side way, which will eat all your money. Learn the skill from 1st thread.

See how powerful of Sho's method

Happy trading
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  • #2,939
  • May 21, 2010 7:45am May 21, 2010 7:45am
The greatness of this thread is that we know and in touch with someone who really make money from Forex. And they show us how to make it.

I think we are all very lucky.

Really thanks to Sho, Francis, Eric, and many others.
  • #2,940
  • May 21, 2010 7:48am May 21, 2010 7:48am
Part 2 of post above, see how powerful to trade with momentum, real time example
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