Intraday price action trend trading | Page 220 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MultiTimeFrame Trend Trading with Price Action 242 replies

Any Recommendations on Learning Intraday Price Action Trading 5 replies

Price Pattern Notifications/Trend Alert Price Action Scanner 7 replies

Trend following intraday breakout - my trading journal 11 replies

intraday trend trading with price action 2,063 replies

Attachments: Intraday price action trend trading
Exit Attachments

Intraday price action trend trading

  • #4,381
  • Jul 22, 2010 10:08am Jul 22, 2010 10:08am
Quoting priceaction
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
I am right or i am wrong isnt my words and i never post on that way....
I again must say you dont post charts or dont write here for you,you write for others.If we talk that is all good and no one post bad trades that is bad for others.Thread isnt good if we see good charts or somethinkg like that for me thread is good if we try to educate new traders and if we try to be a profesional.
THey will think Forex is easy buisnese and they will always win...

Cheers and all the best
"Buy on fear, sell on greed !!!
  • #4,382
  • Jul 22, 2010 10:38am Jul 22, 2010 10:38am
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
I couldn't agree with you more. I follow the GU thread and it is endless with I'm a better trader than you and I really enjoy that there is no bickering or people trying to tell people how to trade here. Just sound on topic talk about the trade price method.
  • #4,383
  • Jul 22, 2010 11:03am Jul 22, 2010 11:03am
Hey guys,anybody shorting UC & EJ?
  • #4,384
  • Jul 22, 2010 12:47pm Jul 22, 2010 12:47pm
Quoting trade price
what i will tell you in this massage...

i love all of you guys

Best wishes from
sho

..and we love you! At least I do! ... and everything is fine and we are going to continue being a nice community of likeminded traders!
  • #4,385
  • Edited 9:27pm Jul 22, 2010 6:59pm | Edited 9:27pm
Quoting xeqter
..and we love you! At least I do! ... and everything is fine and we are going to continue being a nice community of likeminded traders!
I am second on that. We all love you (Sho and all fellows here) too.
No doubt this is nice trading comunity and very good place to learn.
I am part of Silent Group dont post too much here due to job and also due to job unfortunately cannot trade in London and NY session with you guys but every day when i come back, I see the thread new postings from all of you guys, see your and charts and compare and review with mine charts and see how you guys are playing and trying to visualize if I was at that time how should I react.
We learn from you guys, you all have beautiful method of explaining and wonderful tips and top of that Sho's golden words are making that thread of millions dollars worth.
We love all of you and Sho of course, we all are not only friends but good friends.
I wish one day I can also trade with you guys. Happy trading....
  • #4,386
  • Jul 22, 2010 8:28pm Jul 22, 2010 8:28pm
Quoting trade price
what i will tell you in this massage,my intention is never to hurt anybody.
if i do ,i apologise for that.

why i have opened this thread?

[color=Blue]to make a...

thanks sho for nice word. we are friendly. best wishes for you
  • #4,387
  • Jul 22, 2010 10:28pm Jul 22, 2010 10:28pm
This is why I stay with the thread in the last 6 mths. We all here to learn and make positive discussions, we share different approach on trade setup and management and surely can pick something that suit you.

And most importantly we respect with each others.

This morning I took a serious look on the user guide of FF, now I know how to use the buddy and Ignore list.

Best wish to all, particular to Rob!
City


Quoting priceaction
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
  • #4,388
  • Jul 23, 2010 1:04am Jul 23, 2010 1:04am
Sho,Rob,Eric and everyone else in this this thread,

I incurred a heavy loss in my business (Around Jan)and started looking to see other opportunities and found trading lucrative to earn and started with a demo account and did't know ABC of trading . My trading were all hopeless and i don't know how to start to make profits.

This was the time Sho started to teach us his method and heard the term PRICE ACTION and then started to learn from his , by applying his method i am slowly starting to feel confident .

will be opening a small live account to see how i trade.

Sho if i start making money in this business , i will definitely fly to London to meet u personally to thank u for ur wonderful support.

So please i need all ur inputs and contributions.

Eric my man thanks for ur charts.(hope if i make money i will be flying to Hongkong too )

Rob thanks for ur Supply and demand explanations.

I love u all . Keep this thread alive.

Happy trading.
Hari.
  • #4,389
  • Jul 23, 2010 1:30am Jul 23, 2010 1:30am
Hey, my India boss

always be positve then a chance is round the corner. All the best.

City (Eric)

Quoting sruthihari
Sho,Rob,Eric and everyone else in this this thread,

I incurred a heavy loss in my business (Around Jan)and started looking to see other opportunities and found trading lucrative to earn and started with a demo account and did't know ABC of trading . My trading were all hopeless and i don't know how to start to make profits.

This was the time Sho started to teach us his method and heard the term PRICE ACTION and then started to learn from his , by applying his method i am slowly starting to feel confident .

will be opening a small live account...
  • #4,390
  • Jul 23, 2010 2:00am Jul 23, 2010 2:00am
Quoting sruthihari
Sho,Rob,Eric and everyone else in this this thread,

I incurred a heavy loss in my business (Around Jan)and started looking to see other opportunities and found trading lucrative to earn and started with a demo account and did't know ABC of trading . My trading were all hopeless and i don't know how to start to make profits.

This was the time Sho started to teach us his method and heard the term PRICE ACTION and then started to learn from his , by applying his method i am slowly starting to feel confident .

will be opening a small live account...
Hari,

Keep at it. There is probably no one successful in this business who has not travelled the rough trading road. I certainly got lost so many times along the way.

I've always been into sport and I personally know many world champions (who started as beginners and retired at the top). Not one reached the top without a lot of blood, sweat, tears and "persistence". I believe trading is very similar. If you've watched Wall Street Warriors or Floored (I can share them with you if you haven't), you can sense that most who have stood the test of time have been humbled along the way.

Great to see your enthusiasm Hari, and to see you here. There are many places to hang out to learn & share on FF, but after being on FF for almost 3 years, I can assure you that this is one of the best threads (along with Sho's other thread) with good natured people and some great resources.

Rob
  • #4,391
  • Jul 23, 2010 2:02am Jul 23, 2010 2:02am
Quoting Petar_Serbia
I am right or i am wrong isnt my words and i never post on that way....
I again must say you dont post charts or dont write here for you,you write for others.If we talk that is all good and no one post bad trades that is bad for others.Thread isnt good if we see good charts or somethinkg like that for me thread is good if we try to educate new traders and if we try to be a profesional.
THey will think Forex is easy buisnese and they will always win...

Cheers and all the best
I totally agree with you... no disrespect intended to anyone...


Put 100 people each with bag of money (who intend to profit by taking others money) in a hall, let them trade each others money you will see a war in no time... We are just doing that but with computers (21st Century)...That is FOREX. Welcome to reality. They say, there is a sucker at every price, thinking that he is getting a bargain... that is a reality... one must be absolutely vigilant to win and its not easy at all...

Helping some one means showing them what to do and also what not to do...

Again sorry If I hurt anyone but 'TRADING' term seems too out dated.

When I see a fellow newbie entering in a hall with a bag of money (so to speak) and others looking at him and welcoming him in... see the scenario...I would tell him what to look out for and what not to do in here...
  • #4,392
  • Jul 23, 2010 2:26am Jul 23, 2010 2:26am
Took my first trade of the day off UK open. Price was at a triple top on the hourly and the last 4 bars on the m15 couldn't go any higher. I know I should have held it longer but wanted to get started on the right foot so I took 15 pips. The hardest part of this method for me is taking a profit. I get in to many trades that go in profit and I let them come back to break even. Hope everyone finds many green pips today.
Attached Image
  • #4,393
  • Jul 23, 2010 2:38am Jul 23, 2010 2:38am
Hello guys,i new to forex ,which broker should i use for intraday trading?ECN and MT4.
  • #4,394
  • Jul 23, 2010 2:53am Jul 23, 2010 2:53am
Quoting shohe007
Hello guys,i new to forex ,which broker should i use for intraday trading?ECN and MT4.
Do your research but I use MB Trading. Only used this broker for a few months but happy so far.
  • #4,395
  • Jul 23, 2010 3:11am Jul 23, 2010 3:11am
Quoting mdiz2
Took my first trade of the day off UK open. Price was at a triple top on the hourly and the last 4 bars on the m15 couldn't go any higher. I know I should have held it longer but wanted to get started on the right foot so I took 15 pips. The hardest part of this method for me is taking a profit. I get in to many trades that go in profit and I let them come back to break even. Hope everyone finds many green pips today.
hers the same, Tp is the hardest part for me too. Also i have much to many trades.

Like City takes a win and runs, i traded this morning EJ try to exit like City does
1. was stopped out -1
2. closed 16 pips , if i would have trailed the SL to B/E this would end with +-0
So what is the better take? Riisk more B/E's and go for bigger runs?

Sho says , we are scalper , we take what we get and run away
Attached Image
  • #4,396
  • Jul 23, 2010 3:26am Jul 23, 2010 3:26am
Quoting MJurban
hers the same, Tp is the hardest part for me too. Also i have much to many trades.

Like City takes a win and runs, i traded this morning EJ try to exit like City does
1. was stopped out -1
2. closed 16 pips , if i would have trailed the SL to B/E this would end with +-0
So what is the better take? Riisk more B/E's and go for bigger runs?

Sho says , we are scalper , we take what we get and run away
I will say when I forget to use S/L or set to break even those are the ones that go against me fast then I sit there and wonder if I should wait for it to come back. If I wait for it to come back I get to a point where I get scared and close for a 30 - 40 pip loss. You can gaurantee the minute I take that big loss it turns right around. So I am working hard on setting the S/l and moving to BE soon. I would rather take the small loss or BE and miss some trades then take the bigger losses. There are so many opportunities to trade A+ set ups during any day. Trading this way really requires you to be on your toes to catch those A+ setups. I try to watch 15 pairs and there is easily 20+ set ups a day. Me catching them is another story. I just started following sho's method a week or so ago so I'm working on it.
  • #4,397
  • Jul 23, 2010 3:43am Jul 23, 2010 3:43am
Hi mate,

May be a little help, I used to set my HARD SL the max 20, unless there is solid s&r around and few pips away only. I think this is a short term play approach otherwise I cant get back what I lost even on single big loss.

Hope this helps.

Cheers mate
City

PS - no way to forget in putting on your sl, thats the golden rule on Sho's trading.

Quoting mdiz2
I will say when I forget to use S/L or set to break even those are the ones that go against me fast then I sit there and wonder if I should wait for it to come back. If I wait for it to come back I get to a point where I get scared and close for a 30 - 40 pip loss. You can gaurantee the minute I take that big loss it turns right around. So I am working hard on setting the S/l and moving to BE soon. I would rather take the small loss or BE and miss some trades then take the bigger losses. There are so many opportunities to trade A+ set ups during...
  • #4,398
  • Jul 23, 2010 3:44am Jul 23, 2010 3:44am
Here's a losing trade. The bar rejected off the top of the keltner channel. I checked the m5 and it rejected off 200ema and had a good sized down bar. It looked to me like it was in a down trend on the m15. Had a 1:3 risk to reward.

I didn't check the news before entering and the rest is history -14 pips. Another lesson learned, check the news first.
Attached Image (click to enlarge)
Click to Enlarge Name: examplemaj.gif Size: 15 KB
  • #4,399
  • Jul 23, 2010 3:46am Jul 23, 2010 3:46am
Quoting Buildcity
Hi mate,

May be a little help, I used to set my HARD SL the max 20, unless there is solid s&r around and few pips away only. I think this is a short term play approach otherwise I cant get back what I lost even on single big loss.

Hope this helps.

Cheers mate
City

PS - no way to forget in putting on your sl, thats the golden rule on Sho's trading.
Thank you, I always get something out of your posts.
  • #4,400
  • Jul 23, 2010 3:54am Jul 23, 2010 3:54am
Quoting mdiz2
Here's a losing trade. The bar rejected off the top of the keltner channel. I checked the m5 and it rejected off 200ema and had a good sized down bar. It looked to me like it was in a down trend on the m15. Had a 1:3 risk to reward.

I didn't check the news before entering and the rest is history -14 pips. Another lesson learned, check the news first.
Hi bro,

I don't know your trading routine and your experience with Sho's mehtod, but in the beginning I would strongly recommend to first stick to very few pairs like 2-3 max.
For the some of us this are E/U, E/J and G/U...
Sure, the method works on any pair and any timeframe, but it is very useful to first get the gist of the method and to get to know the behavior of the certain pairs..

nevertheless, the loss could have happend on any other pair,too. And if your prefered pair is E/A, then stick to it, my only intention is, that you should first concentrate on few pairs..
22 traders viewing now