DislikedBrett Steenbarger has perhaps the largest free collection of trading psychology articles on the net, and are available for downloading at http://www.brettsteenbarger.com/articles.htm
There are some interesting titles there.
A number of his articles are also published throughout ForexFactory by Editor.
RobIgnored
intraday trend trading with price action
- #2,042
- Jun 27, 2010 9:04am Jun 27, 2010 9:04am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Sho,
Re-read again all 3 zone attack charts, I trust it is hard for us (at least for me) to trade long, short, long, short...at the same time; when you combined all the trades from those 3 charts, haha, even I'm an aggressive player
.
But your 1st chart, trade along the trend is perfectly for me. All I need to do is to figure out how long I should stay with the open trade.
Tks Sho, expecting something more from the zone attack series.
Cheers
City
Re-read again all 3 zone attack charts, I trust it is hard for us (at least for me) to trade long, short, long, short...at the same time; when you combined all the trades from those 3 charts, haha, even I'm an aggressive player
.But your 1st chart, trade along the trend is perfectly for me. All I need to do is to figure out how long I should stay with the open trade.
Tks Sho, expecting something more from the zone attack series.
Cheers
City
ok here is few charts.its hard to explain everything because i am not good at english and in writing.i did it quick and simple way.showed just the basic entry and exit of zone attack.(not all)
- #2,043
- Jun 28, 2010 10:31am Jun 28, 2010 10:31am
- Joined Jan 2010 | Status: Trader | 1,188 Posts
Sho,
Re-read again all 3 zone attack charts, I trust it is hard for us (at least for me) to trade long, short, long, short...at the same time; when you combined all the trades from those 3 charts, haha, even I'm an aggressive player
i did devoloped that from my stock trading stratagy.
as i said before i am too aggresive.hope you guys know now.
and you have seen me here before how quick i do get in and out.
But your 1st chart, trade along the trend is perfectly for me. All I need to do is to figure out how long I should stay with the open trade.
Tks Sho, expecting something more from the zone attack series.
Cheers
City
play what makes you feel comfortable.
i said that before,you dont have to follow what i say.
follow what makes you sence.trade as long as you feel comfortable with the setup.
will post more slowly.
REGARDS
sho
- #2,047
- Edited 5:39am Jul 2, 2010 5:21am | Edited 5:39am
- Joined Jan 2010 | Status: Trader | 1,188 Posts
- #2,050
- Jul 7, 2010 9:30am Jul 7, 2010 9:30am
- | Commercial User | Joined Nov 2007 | 1,079 Posts
I believe there are a lot of people making a lot of money using supply & demand, but even more people losing a lot of money by dismissing it
Rob
- #2,053
- Jul 9, 2010 12:09pm Jul 9, 2010 12:09pm
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Here's a link to an excellent SFO Magazine article:
"Focus on True Supply and Demand ...And Better Your Odds for Low-Risk Entries"
by Sam Seiden.
Very helpful to anyone trying to understand supply and demand.
Rob
- #2,056
- Jul 20, 2010 7:23pm Jul 20, 2010 7:23pm
- Joined Jan 2010 | Status: Trader | 1,188 Posts
i am posting here,many will get something out of this post in the future
first you have to realise,is that sideway market (inside of a small S/R level pushing price just right side of the chart without going up and down).
if side way wait for impulsive move to takeout first support or resistant.wait for a pull back.(corrective move)
one bar can be count as correction 2 is better 3 is ok but it is more than 4 bar than more likely market will move sideway,specially after the london session(low volume).
talking about one bar.that one bar is a fractal in the lower time frame.(swing high or low)
if you can do that,that will be the best advice from me .
this sentence explain everything about our conservative approch.(note i said conservative).
for coservative wait for good bar setup.and break of the bar.stop is above of the signal bar.or you can just use swing high or low as a stop place.(if you like bit wider stop loss).
for agressive play.once you idenfied the corrective move. you can in and out with the movement of the impulsive move .like city play.
always try not to play corrective move.it is very risky .
only try to play corrective when you see any valid divergence and allways confirme with the price action.
yes it can be one bar or two bar.if one bar presents valid pin or IB and it does reject from S/R level .you can take it as an A+ setup.
yes conservaitive entry at the swing high and swing lows.
as i said before one bar is a swing high or low in the lower time frame.so one bar can be conservative.
hope that helped.if you keep everything simple trading will be simple as well.
when something doesnot make sence,dont think too much.less thinking is better in trading.
people complicate the trading.you must not if you want success.
if you can get anything from the thread,
you should thank your self.
many people wont be able to get anything belief me.
Good luck to all of you.
Best regards
sho
Hi Sho!
That would be great if you could thank you. Im sure all here will think the same
With regards to your method and the question I just asked Rob... when we trade with the trend,
if side way wait for impulsive move to takeout first support or resistant.wait for a pull back.(corrective move)
one bar can be count as correction 2 is better 3 is ok but it is more than 4 bar than more likely market will move sideway,specially after the london session(low volume).
talking about one bar.that one bar is a fractal in the lower time frame.(swing high or low)
we wait for impulsive move, then correction, and enter with pa formation.
this sentence explain everything about our conservative approch.(note i said conservative).
for coservative wait for good bar setup.and break of the bar.stop is above of the signal bar.or you can just use swing high or low as a stop place.(if you like bit wider stop loss).
for agressive play.once you idenfied the corrective move. you can in and out with the movement of the impulsive move .like city play.
always try not to play corrective move.it is very risky .
only try to play corrective when you see any valid divergence and allways confirme with the price action.
1) When we enter on the pullback, can entries be a simple one bar pullback within the trend?
2) Do entries (conservative) always happen at previous swing highs/lows that are broken with speed? Reason I ask is because reading your other thread I understood that if we trade previous swing highs/lows we are trading fractals. And here we trade with momentum...¿?
as i said before one bar is a swing high or low in the lower time frame.so one bar can be conservative.
Sorry to ask this but i really am a bit confused with this.
when something doesnot make sence,dont think too much.less thinking is better in trading.
people complicate the trading.you must not if you want success.
Thanks again for your support and the team here aswell!
you should thank your self.
many people wont be able to get anything belief me.
Good luck to all of you.
Best regards
sho
- #2,057
- Jul 24, 2010 3:32am Jul 24, 2010 3:32am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
Below are links to 21 Sam Seiden Webinars..
i am posting here....
Double Thanks!! Double
- #2,059
- Aug 6, 2010 7:11am Aug 6, 2010 7:11am
- Joined Jan 2010 | Status: Trader | 1,188 Posts
I played A PB entered at close. After trade Analysis maybe should have played it as a Sym Triangle cost - 10 pips. Any thoughts? Live and learn
they are useless most of the time when they occurare in the sideway market.
when you realise sideway market play range breakout.(attached the same chart for you.
Hi Sir,...
i have deleted last weeks posts(my bad habbit but i do).no worry i have the old charts in my computer and posting now.
yeh it is a similer setup.it does happen all the time.market allways repeats the action.(human behavior)
whatever i post in the second thread if you find it use full save it in your computer other wise most of the time i will delete them.you will need them on the way to this journey if you follow my methood.
pin bar and IB is usefull when they occure at the swing high and swing low.
they are useless most of the time when they occurare...
I see I must be quicker and save your posts otherwise in minute are gone
.I thought those posts are really good that's why I was looking for.Thank you and have a nice week.
FX