Go long on both pairs after that beauty pinbars, earned 30 pips on both pairs
.
But i think we maybe will see a turn down on RN on EJ.
.But i think we maybe will see a turn down on RN on EJ.
Trade well and many pips to all. Martin
Intraday price action trend trading
- #4,362
- Jul 22, 2010 5:16am Jul 22, 2010 5:16am
- | Joined Mar 2008 | Status: Joe the Trader | 53 Posts
Hello,
first time i post here, but I read sho's thread and found his method solid and his teaching enlightening
so today i m looking at charts to try and spot sho's style setups, and found this:
http://img820.imageshack.us/img820/7339/eujul22.jpg
don't know if it qualifies as a true sho's style setup, but it turned out to be almost a 9-to-1 reward:risk setup
by the way sho thank you so much for your sefless sharing and teaching of this solid method !
first time i post here, but I read sho's thread and found his method solid and his teaching enlightening
so today i m looking at charts to try and spot sho's style setups, and found this:
http://img820.imageshack.us/img820/7339/eujul22.jpg
don't know if it qualifies as a true sho's style setup, but it turned out to be almost a 9-to-1 reward:risk setup
by the way sho thank you so much for your sefless sharing and teaching of this solid method !
1st step stop loss in the green
2nd step play with the free money
- #4,363
- Edited 5:46am Jul 22, 2010 5:30am | Edited 5:46am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Hi mate,
Yes, the red star you pointed is a signal bar for ready (conservative play), the next green for entry. But also check around any major s/r levels. Trade safe mate
City
Yes, the red star you pointed is a signal bar for ready (conservative play), the next green for entry. But also check around any major s/r levels. Trade safe mate
City
Hello,
first time i post here, but I read sho's thread and found his method solid and his teaching enlightening
so today i m looking at charts to try and spot sho's style setups, and found this:
don't know if it qualifies as a true sho's style setup, but it turned out to be almost a 9-to-1 reward:risk setup
by the way sho thank you so much for your sefless sharing and teaching of this solid method !
- #4,364
- Jul 22, 2010 5:45am Jul 22, 2010 5:45am
- | Commercial User | Joined Nov 2007 | 1,079 Posts
Hello,
first time i post here, but I read sho's thread and found his method solid and his teaching enlightening
...by the way sho thank you so much for your sefless sharing and teaching of this solid method !
You've stumbled across a wonderful thread.
Looking forward to sharing with you.
Rob
- #4,365
- Jul 22, 2010 5:59am Jul 22, 2010 5:59am
- | Commercial User | Joined May 2009 | 5,751 Posts
Everything looks good on EURUSD and i also took 2 positions buy eurjpy from 111.15 First TP 113.00 Second 118.50 
CHeers
CHeers
"Buy on fear, sell on greed !!!
- #4,371
- Jul 22, 2010 7:28am Jul 22, 2010 7:28am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
out with +20 but still potential to go to next level
GU 15
Good trade
, but I've done 3 times = +30pHappy trading to all, go home now.
City
- #4,372
- Jul 22, 2010 7:31am Jul 22, 2010 7:31am
my man
dont worry i do understand.
[b]i never take a possition only based on one candle or only two candle.
[color=Blue]but any one candle can become a signal...
hello, sir sho
i think here is another nice example for this pattern
- #4,374
- Jul 22, 2010 9:12am Jul 22, 2010 9:12am
- | Commercial User | Joined May 2009 | 5,751 Posts
I've been waiting for EJ to return to this zone and it did. Next step was to observe price action. US unemployment news was due out so I was on my guard.
We had a 15 min pin out of the zone which had previously shown us an imbalance between supply & demand.
Short at 111.686 and so far so good. A nice run down would be good, but I'll be happy with whatever the market offers.
Rob
Cheers
"Buy on fear, sell on greed !!!
- #4,376
- Jul 22, 2010 9:27am Jul 22, 2010 9:27am
- | Commercial User | Joined Nov 2007 | 1,079 Posts
Hope my friend you protected your SL at +1 i expeted day like this,yesterday eurjpy hit my sl but its ok still think eurjpy will go 118.50 but my first target is 113.00 now..
Cheers
That's the key to being profitable (for me).
But why do you hope I protected my SL at +1 when you accepted a 200+ pip loss on EJ yesterday?
You take take out there.
Rob
- #4,377
- Jul 22, 2010 9:31am Jul 22, 2010 9:31am
- | Commercial User | Joined May 2009 | 5,751 Posts
Always well protected Petar
That's the key to being profitable (for me).
But why do you hope I protected my SL at +1 when you accepted a 200+ pip loss on EJ yesterday?
You take take out there.
Rob
Everything is about size i can risk 500 pips but just 2 % from my balance
"Buy on fear, sell on greed !!!
- #4,378
- Jul 22, 2010 9:42am Jul 22, 2010 9:42am
- | Commercial User | Joined Nov 2007 | 1,079 Posts
You key is to put on be my key is on size i always have total risk not more than 4 % in all trades for one day,and dont open any trades till i see closed my previuse trade.I lost last night 200 pips buy i have AUDUS +200,EURJPY 2 positions +160 now and EURUSD 2 positions +180
Everything is about size i can risk 500 pips but just 2 % from my balance
I'm pleased that you have already made up the loss.
But Petar, this isn't really a good place to go jumping in with comments when you see someone's trade isn't working out. Because this is a nice thread where people are good natured and supportive. We don't wait for opportunities to gloat and imply "you're wrong and I'm right".
Be nice
Rob
- #4,379
- Jul 22, 2010 9:46am Jul 22, 2010 9:46am
- | Commercial User | Joined May 2009 | 5,751 Posts
Very good. We all have our own style and we can all trade with very contrasting styles and still be profitable. We do mostly scalping in this thread off 15 min TF.
I'm pleased that you have already made up the loss.
But Petar, this isn't really a good place to go jumping in with comments when you see someone's trade isn't working out. Because this is a nice thread where people are good natured and supportive. We don't wait for opportunities to gloat and imply "you're wrong and I'm right".
Be nice
Rob
please if i hurt you i apologize And remmeber always when i post i post for others becouse new traders learn from our conversations..Also i always said when i took loss becouse i want a new traders to understand that SL is normal thing on Forex and good balance is everything (MM).
"Buy on fear, sell on greed !!!
- #4,380
- Jul 22, 2010 10:01am Jul 22, 2010 10:01am
- | Commercial User | Joined Nov 2007 | 1,079 Posts
OMg my friend
And remmeber always when i post i post for others becouse new traders learn from our conversations..Also i always said when i took loss becouse i want a new traders to understand that SL is normal thing on Forex and good balance is everything (MM).
I just think it would be a shame if, what has been a wonderful thread, turns into a place where people are saying "I'm right or you're wrong".
I like this thread as it's good natured.
All the best.
Rob