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Intraday price action trend trading

  • #3,501
  • Jun 10, 2010 8:15pm Jun 10, 2010 8:15pm
ERIC ,

How r u , after a long time signing in, These days i am hooked to my local stock(INDIAN) markets (NIFTY ,SENSEX),but still these charts are used there and i am using all the methods learnt from here.

U seem to overrun our master SHO one day mate that for sure,excellent entry and exit methods.

I am daily watching your postings mate , keep it up.

Hope u mint lots of money and buy the company where u presently work .

Happy trading mate.

Hari.
  • #3,502
  • Jun 10, 2010 9:28pm Jun 10, 2010 9:28pm
Good morning Hari (and all),

Quite a long time no seeing you, hope you well too.

Thanks for the nice words. I keep on practice what I learnt from Sho like all you guys here ~ the price action trading along with trend riding. However, I admit that I still play my own old habit (sometimes) other than Sho's setup coz my major participation in the market is usually out of the major trend period, due to my work nature. I do feel shame on it while I posted the trades which are not Sho’s setup.

At the same time, I really want to record my own trades on daily basis, and appreciate the comments from you guys, especially from those friends here like Rob (Priceaction), Francis (Francis2), Sim, and many others, not to say Master Sho who did give me all the valuable lessons since the beginning of the year. What I found is my trades are much better than the previous years (haha, at least I haven’t destroyed my current a/c yet.).

On one hand I don’t want to spoil Sho’s threads but on the other hand to carry on my trading record. I would probably open my trading journal account in FF. Of course I will still participate on Sho’s threads and learn more from this PROFESSIONAL TRADER.

I should end my old man talk and back to work now. I wish all of you to continue the success of FX trading, of course to your own live too.

Good health and happy trading.
City





Quoting sruthihari
ERIC ,

How r u , after a long time signing in, These days i am hooked to my local stock(INDIAN) markets (NIFTY ,SENSEX),but still these charts are used there and i am using all the methods learnt from here.

U seem to overrun our master SHO one day mate that for sure,excellent entry and exit methods.

I am daily watching your postings mate , keep it up.

Hope u mint lots of money and buy the company where u presently work .

Happy trading mate.

Hari.
  • #3,503
  • Jun 11, 2010 2:41am Jun 11, 2010 2:41am
1. long conservative log at first retracement closed with -1 pip
look at divergence, stoch does not follow the upmove of the pa
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  • #3,504
  • Jun 11, 2010 2:53am Jun 11, 2010 2:53am
the 2. retracement cost 8 pips.
according to the rules, no more long if it is not an A+ setup

hoping this is basic Sho rules, any comment welcom
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  • #3,505
  • Jun 11, 2010 2:56am Jun 11, 2010 2:56am
Hi Guys,

I haven't posted in a few days so I thought I'd throw something into the mix.

I like to bank 2 x 20 pip trades before considering waiting for any long runs (it's written in my trade plan) so I set my TP at +20.

Note: the blue area on my chart is resistance drawn on the 4hr but I made the decision to buy into it.

Trade #1 - It wasn't an A+ set-up and I entered slightly late, so sloppy trading on my part. But the market was kind to me and gave me my 1st 20 of the day.

Trade #2 - A good looking pin which gave me my 2nd 20 although I was just 1 pip from being stopped out. However the 3rd bar after the pin was a bullish outside bar (although I didn't open another trade based on that). When I first saw this pin I thought, "this might give me more than 20 - but then again, remember that resistance Rob" - but rules are rules and I am more pleased with myself when I stick with them, than banking an extra few pips.

Let's see if this is the area of resistance that Cable will finally respect!

That's the end of the short few hours screen time I have for today, but I wish you all a safe and profitable Friday and a terrific weekend.

Rob
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  • #3,506
  • Jun 11, 2010 5:18am Jun 11, 2010 5:18am
trying to get back in the swing
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Stop killing our Oceans, Stop using single use plastics.
  • #3,507
  • Jun 11, 2010 5:38am Jun 11, 2010 5:38am
Rob,

Good explanation on your trading plan. May be I can learn something from you too.

Cheers
City

Quoting priceaction
Hi Guys,

I haven't posted in a few days so I thought I'd throw something into the mix.

I like to bank 2 x 20 pip trades before considering waiting for any long runs (it's written in my trade plan) so I set my TP at +20.

Note: the blue area on my chart is resistance drawn on the 4hr but I made the decision to buy into it.

Trade #1 - It wasn't an A+ set-up and I entered slightly late, so sloppy trading on my part. But the market was kind to me and gave me my 1st 20 of the day.

Trade #2 - A good looking pin which gave...
  • #3,508
  • Jun 11, 2010 6:04am Jun 11, 2010 6:04am
Quoting priceaction
...Let's see if this is the area of resistance that Cable will finally respect!
Resistance was respected.

My trip out was delayed so I managed to get 2 bonus trades in. Let's see how they pan out. Both set to BE as we have news coming out of the US and I can't monitor so it'll be interesting to see what I come home to.

But now I really have to go out and will be back in a few hrs to see whether or not I get a good bonus today - or whether I should have cashed in now. I'm happy to let it play out as I've already banked my daily quota and these are just bonus trades which are now risk-free.

Rob
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  • #3,509
  • Edited 6:43am Jun 11, 2010 6:32am | Edited 6:43am
See how far it goes.........

Edit: Result +8
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  • #3,510
  • Jun 11, 2010 6:55am Jun 11, 2010 6:55am
Rob,

I've checked GU H4 from 2 MT4 a/cs, got the same nice pin top but different to yours, rare....... is this the problem of differnet opening hours from brokers?

City


Quoting priceaction
Resistance was respected.

My trip out was delayed so I managed to get 2 bonus trades in. Let's see how they pan out. Both set to BE as we have news coming out of the US and I can't monitor so it'll be interesting to see what I come home to.

But now I really have to go out and will be back in a few hrs to see whether or not I get a good bonus today - or whether I should have cashed in now. I'm happy to let it play out as I've already banked my daily quota and these are just bonus trades which are now risk-free.

Rob
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  • #3,511
  • Jun 11, 2010 7:14am Jun 11, 2010 7:14am
Hello everyone,
after some time off, I'm back to Sho's methood.

Nice setups on GBPJPY, a bit late first entry but still pretty good profit. Got out too early from the second transaction, but perfect entry.

Quoting Buildcity
Rob,

I've checked GU H4 from 2 MT4 a/cs, got the same nice pin top but different to yours, rare....... is this the problem of differnet opening hours from brokers?

City
City, that's right. It depends on broker's opening hour. We can find 3 different 4H charts combinations.

Regards and have nice afternoon and weekend!
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  • #3,512
  • Jun 11, 2010 7:18am Jun 11, 2010 7:18am
Tks Faithno,

good profit

City

Quoting faithno
Hello everyone,
after some time off, I'm back to Sho's methood.

Nice setups on GBPJPY, a bit late first entry but still pretty good profit. Got out too early from the second transaction, but perfect entry.



City, that's right. It depends on broker's opening hour. We can find 3 different 4H charts combinations.

Regards and have nice afternoon and weekend!
  • #3,513
  • Jun 11, 2010 7:37am Jun 11, 2010 7:37am
What's a nice pin then top to bottom.......
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  • #3,514
  • Jun 11, 2010 7:52am Jun 11, 2010 7:52am
A little kiss to r/n, and a resistance zone above too. Short trade quick in & out.

edit : OK guys, got to home now. Have a nice weekend

Happy trading
City

PS - Hope I can access Rob's trading software and assist him to close the trade now. seems only 30p from his target!! Great trade Rob
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  • #3,515
  • Jun 11, 2010 8:33am Jun 11, 2010 8:33am
Yeah, enjoy the first match of world cup today

Quoting trade price
hello guys
hope all ok making lots of pips. i am not trading today.
dont be a silent watcher.i dont like silent watcher.thats why i post less here.
if you guys do get active,do hard work ,then i am ready fo the next rumble.will post bit more here.
good trading will watch the first match of world cup while browsing the FF .
  • #3,516
  • Jun 11, 2010 8:37am Jun 11, 2010 8:37am
An aggressive one
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  • #3,517
  • Jun 11, 2010 9:14am Jun 11, 2010 9:14am
Just catch +14 after the rebound from r/n 111.oo. But almost the recent top, sharp cut
  • #3,518
  • Jun 11, 2010 9:18am Jun 11, 2010 9:18am
Quoting Buildcity
Rob,

I've checked GU H4 from 2 MT4 a/cs, got the same nice pin top but different to yours, rare....... is this the problem of differnet opening hours from brokers?

City
Hi Eric,

My MT4 is set up on central European time which is an hour in front of London.
Perhaps that's the reason for the difference.

My last 4hr candle closed 20 mins ago (16:00 CET)

Rob
  • #3,519
  • Jun 11, 2010 9:19am Jun 11, 2010 9:19am
Rob,

Post your 200p winning trade on GU
  • #3,520
  • Jun 11, 2010 9:23am Jun 11, 2010 9:23am
Quoting trade price
funny thing is that i have to support six team(all my family)
i have to make everyone happy.
Family of six ...you almost have enough for a full team of your own Sho!
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