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Intraday price action trend trading

  • #5,941
  • Nov 17, 2010 7:14am Nov 17, 2010 7:14am
Hi Megara!
just my view on your charts..
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  • #5,942
  • Nov 17, 2010 7:22am Nov 17, 2010 7:22am
that was a loser but the setup was nice...
should we consider the divergence before the enrty? Sho said that div. is for exit only...
but this case ,look the div. occured on the support area... i think i should stay sideline...
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  • #5,943
  • Nov 17, 2010 8:39am Nov 17, 2010 8:39am
...
upd ... hit the SL .... ( 0 pip)
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  • #5,944
  • Nov 17, 2010 8:45am Nov 17, 2010 8:45am
Quoting Gravi
...
upd ... hit the SL .... ( 0 pip)
these days I set my BE at +1p, at least got something
  • #5,945
  • Nov 17, 2010 8:51am Nov 17, 2010 8:51am
Quoting Buildcity
these days I set my BE at +1p, at least got something
Good idea.! A pip is a pip, never turn winner into loser...
  • #5,946
  • Nov 17, 2010 8:55am Nov 17, 2010 8:55am
Quoting anthoniex
Good idea.! A pip is a pip, never turn winner into loser...
Here you are

A (Pie)
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  • #5,947
  • Nov 17, 2010 8:58am Nov 17, 2010 8:58am
...
upd... hit the TP + 16
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  • #5,948
  • Nov 17, 2010 9:00am Nov 17, 2010 9:00am
Quoting Buildcity
these days I set my BE at +1p, at least got something
yeah.. u are so smart
  • #5,949
  • Nov 18, 2010 7:46am Nov 18, 2010 7:46am
I want to share attached indicator, which draws every swing points, same as we draw impulsive and corrective wave manually. See attached chart.

I thought it would be useful for those, who are trading Sho's method and trading lots of currency pairs.

Thanks
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File Type: mq4 Swing_Point.mq4   3 KB | 395 downloads
The purpose of knowledge is action, not knowledge
  • #5,950
  • Nov 18, 2010 1:22pm Nov 18, 2010 1:22pm
Quoting alifari
I want to share attached indicator, which draws every swing points, same as we draw impulsive and corrective wave manually. See attached chart.

I thought it would be useful for those, who are trading Sho's method and trading lots of currency pairs.

Thanks
thanks mate! i'll check it..
  • #5,951
  • Nov 18, 2010 5:30pm Nov 18, 2010 5:30pm
Hi everyone , hope you all are making good pips, I now have almost 6 months trading sho style, I am going to start a journal really soon.
  • #5,952
  • Nov 18, 2010 7:33pm Nov 18, 2010 7:33pm
Quoting jj7000
Hi everyone , hope you all are making good pips, I now have almost 6 months trading sho style, I am going to start a journal really soon.

congratulations

  • #5,953
  • Nov 19, 2010 3:35am Nov 19, 2010 3:35am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Good Day!
These few days I fine tune my entries and it got better.I made a lot of progress but
I am not sure is adjusting SL to BE.
Most of the time when it move to my favour, I adjust my SL to BE then it hit the BE before going my original direction.
I wait for the next candle open before moving SL ?
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Shake it off!Lick the Wound,Prey Again!
  • #5,954
  • Nov 19, 2010 3:45am Nov 19, 2010 3:45am
Quoting Megara
Good Day!
These few days I fine tune my entries and it got better.I made a lot of progress but
I am not sure is adjusting SL to BE.
Most of the time when it move to my favour, I adjust my SL to BE then it hit the BE before going my original direction.
I wait for the next candle open before moving SL ?
Hi mate,

Personaly the trade will trigger my Sl to BE around 10. It depends on your personality. If you like quick in and out, then take 10 and close your trade, if you eager more, move your SL to BE according to your profit target, or even cash out part of your position then let the rest run. Rob (priceaction) did demo several times how he moved the SL bar by bar with a nice trend.

Trade what work for you mate.

Best regards,
Eric
  • #5,955
  • Nov 19, 2010 3:50am Nov 19, 2010 3:50am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting Buildcity
Hi mate,

Rob (priceaction) did demo several times how he moved the SL bar by bar with a nice trend.

Trade what work for you mate.

Best regards,
Eric
I must have blind
Is it this chart you are referring to?
Attached Image
Shake it off!Lick the Wound,Prey Again!
  • #5,956
  • Nov 19, 2010 3:52am Nov 19, 2010 3:52am
Quoting Megara
I must have blind
Is it this chart you are referring to?
Yes, part of Rob's great demostration here.

Edit:
A 2nd check with Rob's chart above, just one little advice, if you are new with Sho's system, just play those impulsive move trades, forget about the counter trend ones (corrective move). It will save you a lot. My advice only.
  • #5,957
  • Nov 19, 2010 4:11am Nov 19, 2010 4:11am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting Buildcity
Yes, part of Rob's great demostration here.

Edit:
A 2nd check with Rob's chart above, just one little advice, if you are new with Sho's system, just play those impulsive move trades, forget about the counter trend ones (corrective move). It will save you a lot. My advice only.
Your advice is gold. Thank you.
Shake it off!Lick the Wound,Prey Again!
  • #5,958
  • Nov 19, 2010 4:40am Nov 19, 2010 4:40am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Storeball advice I must have more reasons before taking a trade. The reasons have became rules of entering.
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Shake it off!Lick the Wound,Prey Again!
  • #5,959
  • Nov 19, 2010 7:49am Nov 19, 2010 7:49am
Quoting Megara
Storeball advice I must have more reasons before taking a trade. The reasons have became rules of entering.
Nice entry!
As for me i'd wait for the bearish bar closed and enter after the retracement to make the SL size small..
  • #5,960
  • Nov 19, 2010 8:14am Nov 19, 2010 8:14am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Same chart but enter long
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Shake it off!Lick the Wound,Prey Again!
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