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Intraday price action trend trading

  • #5,241
  • Aug 24, 2010 9:31am Aug 24, 2010 9:31am
The UJ setup is one of my favorites

Quoting xeqter
two classic sho setups
1st pic is UJ
2nd is EJ

http://www.forexfactory.com/showpost...5&postcount=80
  • #5,242
  • Aug 24, 2010 9:36am Aug 24, 2010 9:36am

Quoting Fxfighter
Thanks Kurt, I have been almost in trade U/Ch short but I went with U/C for only 10 pips before news,hehe that will be trade short U))) home sales are red and U dollar is bloody down.
  • #5,243
  • Edited 10:35am Aug 24, 2010 10:20am | Edited 10:35am
Counter trend trade. If new to the method trade with caution

UPDATE: Closed +12
Attached Image (click to enlarge)
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  • #5,244
  • Aug 24, 2010 11:34am Aug 24, 2010 11:34am
Greetings, everyone

Just found this thread. Read a few pages - sounds like a great thread for newbies like me. Well, actually i've been demo trading for three years but still
haven't got the hang of it. After being proven wrong so many times, I had no problem following rules and I can pretty much control my emotions. But it is the technical part that got me lost. I hope the more experienced traders in this thread can give a few pointers so i can find out what i did wrong.
Uh, by the way - did anyone just sort of sharing their system and discuss trades or is there a specific trading system that everyone trade and discuss?
Thank you for all good traders that participate in this thread.
  • #5,245
  • Aug 24, 2010 11:43am Aug 24, 2010 11:43am
Welcome Vashe,

We are honored you first post is with us. Learn the Sho method of trading and you will be ahead of the game.

Kurt


Quoting vashe
hi guys,

i'm a new comer in this thread, i've just read sho's secret weapon technique,
and i think i found the golden egg from his thread, thank u very much sho, for ur kindness to share with us,
and thank u for all u guys for giving advices about this system,
i've following this thread for some times, it's very good, n thanks a lot for experts who have share this system
i really new in this system, so need a lot of guidance from masters here ^^

thank u guys ^^
  • #5,246
  • Edited 12:31pm Aug 24, 2010 12:14pm | Edited 12:31pm
Short at EU, IB break, with momentum and with impulsive wave, KC is also down only prob. I see it is above KC line but as I am with momentum, SL is small so took a short.
Please guide me, if I am wrong.
Thanks.

Edit: Paid for mistake. SL hit -4.
Master Sho told already that KC act as S/R. But I am slow learner. Anyway not going to quit.
Attached Image
  • #5,247
  • Edited 1:34pm Aug 24, 2010 12:29pm | Edited 1:34pm
Long after pinbar failed to reach support line

UPDATE: Closed at BE, stalling at support
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-24_1327_AUD_USD_Long.png Size: 72 KB
  • #5,248
  • Aug 24, 2010 12:30pm Aug 24, 2010 12:30pm
Use caution the bars are getting smaller close to a support area

Quoting 786 trading
Short at EU, IB break, with momentum and with impulsive wave, KC is also down only prob. I see it is above KC line but as I am with momentum, SL is small so took a short.
Please guide me, if I am wrong.
Thanks.
  • #5,249
  • Aug 24, 2010 12:45pm Aug 24, 2010 12:45pm
Don't sweat the -4p loss, the winners make up for these small losses. Just a cost of doing business.

Quoting 786 trading
Short at EU, IB break, with momentum and with impulsive wave, KC is also down only prob. I see it is above KC line but as I am with momentum, SL is small so took a short.
Please guide me, if I am wrong.
Thanks.

Edit: Paid for mistake. SL hit -4.
Master Sho told already that KC act as S/R. But I am slow learner. Anyway not going to quit.
  • #5,250
  • Aug 24, 2010 1:48pm Aug 24, 2010 1:48pm
Quoting TheRoper
Use caution the bars are getting smaller close to a support area
Ohh Thankyou sir, I will pay attention to it now. Everyday i am learning new things.
  • #5,251
  • Aug 24, 2010 2:59pm Aug 24, 2010 2:59pm
I missed two short opportunities with nice momentum and KC.
Attached Image
  • #5,252
  • Aug 24, 2010 4:56pm Aug 24, 2010 4:56pm
Wanted to say hi to everyone, I am sad that I have to go to work and miss so many setups, good trading to all.
  • #5,253
  • Aug 25, 2010 1:08am Aug 25, 2010 1:08am
What happened to Eric and Sho ?

  • #5,254
  • Aug 25, 2010 4:15am Aug 25, 2010 4:15am
Quoting matlobien
What happened to Eric and Sho ?

They must to spend some pips b/c they don't have enough storage place for them and be ready for last quarter of year.

FX
  • #5,255
  • Aug 25, 2010 4:24am Aug 25, 2010 4:24am
Quoting matlobien
What happened to Eric and Sho ?

i think they just succeeded to made some broker to feel the nightmare...hehehe...joke... ^^
~ Patience is the Key ~
  • #5,256
  • Aug 25, 2010 4:52am Aug 25, 2010 4:52am
Hi Guys,
I took very risky trade,momentum was up,but price reach supply zone and on 1 hr nice pin bar with divergence and pretty clear space below,so I just try qiuck in and out for 10 pips.
FX
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  • #5,257
  • Aug 25, 2010 6:13am Aug 25, 2010 6:13am
Another two trades closed each 15 pips.
Anyway not to happy with entries too late .

FX
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  • #5,258
  • Aug 25, 2010 6:40am Aug 25, 2010 6:40am
another and the same story,late entry. Plan was only take some pips b/c I shortet to RN and quick out.
FX
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  • #5,259
  • Aug 25, 2010 7:42am Aug 25, 2010 7:42am
hmm... looks like gbp usd is wanting to break soon.

I expect solid setups will appear aswell wooooo!!!

Here are 2 setups i took earlier aswell

Id rather wait for clean setups like these and increase the odds. specially as a rookie

Welcome back Sho!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: cadjpy30m.png Size: 53 KB
  • #5,260
  • Aug 25, 2010 7:48am Aug 25, 2010 7:48am
Quoting trade price
u called me i am here!!!

hope all of you guy's are ok.
looks like i missed a lot.
no worry will post regularly soon.
best regards
sho
Hi Sho ,
I hope you had great holiday.

FX
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