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Intraday price action trend trading

  • #4,361
  • Jul 22, 2010 1:13am Jul 22, 2010 1:13am
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.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EJ2207.png Size: 293 KB
Trade well and many pips to all. Martin
  • #4,362
  • Jul 22, 2010 3:16am Jul 22, 2010 3:16am
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 !
1st step stop loss in the green 2nd step play with the free money
  • #4,363
  • Edited 3:46am Jul 22, 2010 3:30am | Edited 3:46am
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


Quoting LeveragedJoe
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 3:45am Jul 22, 2010 3:45am
Quoting LeveragedJoe
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 !
Welcome Joe!

You've stumbled across a wonderful thread.
Looking forward to sharing with you.

Rob
  • #4,365
  • Jul 22, 2010 3:59am Jul 22, 2010 3:59am
Everything looks good on EURUSD and i also took 2 positions buy eurjpy from 111.15 First TP 113.00 Second 118.50







CHeers
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurjpynow.gif Size: 25 KB
"Buy on fear, sell on greed !!!
  • #4,366
  • Jul 22, 2010 4:34am Jul 22, 2010 4:34am
Rejection happening ...

GU 1H
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  • #4,367
  • Jul 22, 2010 4:43am Jul 22, 2010 4:43am
Does anyone here trade the shorter time frames? I day trade off a 2 minute chart.
  • #4,368
  • Jul 22, 2010 4:55am Jul 22, 2010 4:55am
Quoting priceaction
This is how Tom Bulkowski views the potential of head & shoulder patterns: http://thepatternsite.com/hst.html That would imply around 190 pips from the break.
FYI:
Once price broke out of this head & shoulders pattern the market offered around 165 pips.
So not too far off what Bulkowski (and others) would suggest.

Rob
  • #4,369
  • Jul 22, 2010 4:59am Jul 22, 2010 4:59am
Quoting Pippen
HI - trade price,

Came across your thread last night, very usefull stuff you sharing. I´ve been studying price action for 2 years now, and still a lot to learn.

What's your thoughts on this setup?

Hi Sho,

I am giving my view nothing personal. I could be wrong but looks like this is what's happening. If I am wrong please advice... thanks...
Attached Image
  • #4,370
  • Jul 22, 2010 5:06am Jul 22, 2010 5:06am
out with +20 but still potential to go to next level

GU 15
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  • #4,371
  • Jul 22, 2010 5:28am Jul 22, 2010 5:28am
Quoting newbie_fx
out with +20 but still potential to go to next level

GU 15
Hi newbie,

Good trade, but I've done 3 times = +30p

Happy trading to all, go home now.
City
Attached Images
  • #4,372
  • Jul 22, 2010 5:31am Jul 22, 2010 5:31am
Quoting trade price
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
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  • #4,373
  • Jul 22, 2010 5:41am Jul 22, 2010 5:41am
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
Attached Image (click to enlarge)
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  • #4,374
  • Jul 22, 2010 7:12am Jul 22, 2010 7:12am
Quoting priceaction
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
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
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpynow.gif Size: 23 KB
"Buy on fear, sell on greed !!!
  • #4,375
  • Jul 22, 2010 7:15am Jul 22, 2010 7:15am
Quoting priceaction
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
Closed 50% of the position for +32 pips (there was more news out and momentum was sluggish) and the rest was stopped out at BE.

Rob
  • #4,376
  • Jul 22, 2010 7:27am Jul 22, 2010 7:27am
Quoting Petar_Serbia
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
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
  • #4,377
  • Jul 22, 2010 7:31am Jul 22, 2010 7:31am
Quoting priceaction
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
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
"Buy on fear, sell on greed !!!
  • #4,378
  • Jul 22, 2010 7:42am Jul 22, 2010 7:42am
Quoting Petar_Serbia
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
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
  • #4,379
  • Jul 22, 2010 7:46am Jul 22, 2010 7:46am
Quoting priceaction
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
OMg my friend 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 8:01am Jul 22, 2010 8:01am
Quoting Petar_Serbia
OMg my friend 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).
Petar, nothing's hurt.

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
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