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Intraday price action trend trading

  • #5,281
  • Aug 25, 2010 8:26pm Aug 25, 2010 8:26pm
Quoting TheRoper
This time of day my spread (with FXCM US) is only 3. I have been catching some pips with it lately as it trends nicely sometimes. At certain time during the day I make my counter trend trades. When one market closes and another one is about to open is when the trend reversals tend to occur. Also I have noticed towards the end of the NY market they sell off before the close.

My goal is to one day be able to trade full time. I own a medical research company and only get to trade when the staff leaves me alone for a little while. Sometimes I...
hi Kurt,
i saw many of your setups, and i think your goal will come true soon,
thanks for posted your setups images,
it really makes a good examples for newbie like me,
have a nice pips,

Vashe
~ Patience is the Key ~
  • #5,282
  • Aug 25, 2010 9:58pm Aug 25, 2010 9:58pm
Quoting desperate
hi kurt

i think your good enough now

john
Thanks John
  • #5,283
  • Aug 25, 2010 10:04pm Aug 25, 2010 10:04pm
Quoting vashe
hi Kurt,
i saw many of your setups, and i think your goal will come true soon,
thanks for posted your setups images,
it really makes a good examples for newbie like me,
have a nice pips,

Vashe
Hi Vashe,

I hope you are right

That is the exact reason I post them. I remember when I was first learning reviewing and studying Sho's setups helped me see the way.

I printed out his best charts in a notebook and I would review them two or three times per day until I had the images in my head.

A lot of this method is just chart time. After a while they just jump off the page at you.

Let me know if there is any thing I can do to help.

Kurt
  • #5,284
  • Edited 10:13pm Aug 25, 2010 10:05pm | Edited 10:13pm
Hi, Everyone


I just wanted to encourage everyone that has learned sho trading style or learning. I have been able to take a live account with drawdown at about 50% and bring back to the initial balance. I am like 30win 4 loss

Forgot to mention 5 B/E
  • #5,285
  • Aug 25, 2010 11:26pm Aug 25, 2010 11:26pm
Quoting Buildcity
Hi all, I'm back from holiday, without any electronic machine.

Nice to see Sho is around again, dont leave us

Took 3 trades from good support of EJ before the news. Risky but worth to try or otherwise sharp cut after the support. Done with +14,+15, +10
Welcome back boss.
Very nice trades. Looks like it is part of Zone-attack advance trading. Although I am at very basic level trying to find A setups only but it would be nice to understand some advance too. If you could please point out where you bought and some lit. reson that would be great learning for me and newones. Thanks Eric.
  • #5,286
  • Aug 26, 2010 12:12am Aug 26, 2010 12:12am
Hi 786,

No drawing tool in office, give me some times I will do some more description on my trades at home tonight.

Cheers
Eric
PS- call me Eric is fine.

Quoting 786 trading
Welcome back boss.
Very nice trades. Looks like it is part of Zone-attack advance trading. Although I am at very basic level trying to find A setups only but it would be nice to understand some advance too. If you could please point out where you bought and some lit. reson that would be great learning for me and newones. Thanks Eric.
  • #5,287
  • Aug 26, 2010 12:30am Aug 26, 2010 12:30am
Quoting Buildcity
Hi 786,

No drawing tool in office, give me some times I will do some more description on my trades at home tonight.

Cheers
Eric
PS- call me Eric is fine.
No rush boss. You can do on weekend or when you are free. Take it easy.
  • #5,288
  • Aug 26, 2010 12:36am Aug 26, 2010 12:36am
I am not sure if they are valid long trades. First one is above the KC but bearish bar is strong but we can take that trade with caution, am I correct ?
The second is above support, 50% fib, above support but .. my confusion to take this trade is signal bar closed below the KC.
Please guide me if they are correct trades and my concerns are valid. Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: trade1.gif Size: 12 KB
  • #5,289
  • Aug 26, 2010 12:40am Aug 26, 2010 12:40am
before news is a bit choppy (in 20 mins), better no trade

Quoting 786 trading
I am not sure if they are valid long trades. First one is above the KC but bearish bar is strong but we can take that trade with caution, am I correct ?
The second is above support, 50% fib, above support but .. my confusion to take this trade is signal bar closed below the KC.
Please guide me if they are correct trades and my concerns are valid. Thanks.
  • #5,290
  • Aug 26, 2010 1:20am Aug 26, 2010 1:20am
Thanks a lot Kurt,
i should try your learning strategy, i think its really effective,
i think i will learn a lot from you, Thanks again Kurt

That's a good job jj, it really encourage me,
i hope i haven't miss the train yet ^^'

Have a nice pips guys
~ Patience is the Key ~
  • #5,291
  • Aug 26, 2010 1:41am Aug 26, 2010 1:41am
Quoting jj7000
Hi, Everyone


I just wanted to encourage everyone that has learned sho trading style or learning. I have been able to take a live account with drawdown at about 50% and bring back to the initial balance. I am like 30win 4 loss

Forgot to mention 5 B/E
Brilliant mate.

I knew you had it in you.

  • #5,292
  • Aug 26, 2010 3:55am Aug 26, 2010 3:55am
Quoting jj7000
Hi, Everyone


I just wanted to encourage everyone that has learned sho trading style or learning. I have been able to take a live account with drawdown at about 50% and bring back to the initial balance. I am like 30win 4 loss

Forgot to mention 5 B/E
Hi jj7000,

Forgive my ignorance, what is the 'sho trading' style ? Congrats on bringing the account back
  • #5,293
  • Aug 26, 2010 4:45am Aug 26, 2010 4:45am
Dear Moxy,

It seems u have not gone thru this thread , Please go thru this thread and u will get to know , since this method has to be learnt to identify the setups.

A good R:R setup is generally meant as A+ setup and sho has taught us to identify those setups.

Hari.
  • #5,294
  • Aug 26, 2010 4:47am Aug 26, 2010 4:47am
A perfect Sho's setup, but only caught a little, escaped cos the news is coming.
Attached Image
  • #5,295
  • Aug 26, 2010 7:06am Aug 26, 2010 7:06am
Bro just use paypal?
  • #5,296
  • Aug 26, 2010 7:19am Aug 26, 2010 7:19am
Nice setup I just exited out
Attached Image (click to enlarge)
Click to Enlarge Name: another trade 11.gif Size: 19 KB
  • #5,297
  • Aug 26, 2010 8:34am Aug 26, 2010 8:34am
Quoting TheRoper
This time of day my spread (with FXCM US) is only 3. I have been catching some pips with it lately as it trends nicely sometimes. At certain time during the day I make my counter trend trades. When one market closes and another one is about to open is when the trend reversals tend to occur. Also I have noticed towards the end of the NY market they sell off before the close.

My goal is to one day be able to trade full time. I own a medical research company and only get to trade when the staff leaves me alone for a little while. Sometimes I...

Keep going dude you are doing really really well!

Touché to fulltime trading

This picture always inspires me to achieve excellence...no matter what and how long it takes. Dreams are there for a reason

Keep going dude!
Attached Image (click to enlarge)
Click to Enlarge Name: failure-is-not-getting.jpg Size: 82 KB
  • #5,298
  • Aug 26, 2010 8:41am Aug 26, 2010 8:41am
Quoting jj7000
Hi, Everyone


I just wanted to encourage everyone that has learned sho trading style or learning. I have been able to take a live account with drawdown at about 50% and bring back to the initial balance. I am like 30win 4 loss

Forgot to mention 5 B/E
Wow man!

Awesome stuff!

Real pleased for you too

Keep going buddy!

Pip
  • #5,299
  • Aug 26, 2010 8:56am Aug 26, 2010 8:56am
Quoting TheRoper
This time of day my spread (with FXCM US) is only 3. I have been catching some pips with it lately as it trends nicely sometimes. At certain time during the day I make my counter trend trades. When one market closes and another one is about to open is when the trend reversals tend to occur. Also I have noticed towards the end of the NY market they sell off before the close.

My goal is to one day be able to trade full time. I own a medical research company and only get to trade when the staff leaves me alone for a little while. Sometimes I can...

Hi all

I am getting caught up on my reading here. I will be heading out soon to take my daughter to College so no trading for me the rest of the week.

I spoke to a comercial trader concerning this phenomena that frequently occurs. Around London closing

He called it "London Fixing"

We see at times how the US session will try to "Take backl" what London did over the evening. The New York Reversal. Or at times just continues with the London trend.

When London starts to close down the big money adjusts or closes their positions that they carried over the Asian and/or London sessions. The big money players have to leg out there holdings. "Fix" their positions.
Sometimes they need fixing sometimes they don't. This is why we don"t always see it. But when it is there it can be profitable. A pull back to enter a trend.

This is for the close of London. The same things happen with the close of the US session as well.

Just adding to the neat stuff we se happening each day.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,300
  • Aug 26, 2010 8:59am Aug 26, 2010 8:59am
Quoting jj7000
Nice setup I just exited out
You are really nailing them now.

Well done.

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