2 quick winners...
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Intraday price action trend trading
- #6,002
- Nov 26, 2010 5:34pm Nov 26, 2010 5:34pm
GoodDay
"if no any pb / ib / ob, but a good support is spot (in an uptrend), still can go for long and set the sl below the support line / zone." ( Learn from Buildcity: My Trading Journal)
My case was downtrend, that's why I entered
"if no any pb / ib / ob, but a good support is spot (in an uptrend), still can go for long and set the sl below the support line / zone." ( Learn from Buildcity: My Trading Journal)
My case was downtrend, that's why I entered
Shake it off!Lick the Wound,Prey Again!
- #6,004
- Nov 28, 2010 1:06am Nov 28, 2010 1:06am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
- #6,006
- Nov 28, 2010 8:07am Nov 28, 2010 8:07am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
just my view...
Those you mentioned are potential entries according to Sho's method, but these day I'm trying to be more conservative and looking for a closer entry near the centre line of KC.
For entries beyound the outer bands, if there is no other reason(s) came together (good s/r etc), somehow it would become a chasing market ones
, just my thought.But man dont worry, our plays definitely go with our personality.
Happy trading.
Eric
- #6,008
- Nov 28, 2010 7:14pm Nov 28, 2010 7:14pm
"For entries beyound the outer bands, if there is no other reason(s) came together (good s/r etc), somehow it would become a chasing market oneshttp://cdn.forexfactory.com/images/s...yim/tongue.gif, just my thought."
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Hi Eric,
The trade in the black box is near support and shorting is not good? Did I catch what you mean?
Thank you for your input
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Hi Eric,
The trade in the black box is near support and shorting is not good? Did I catch what you mean?
Thank you for your input
Shake it off!Lick the Wound,Prey Again!
- #6,009
- Nov 28, 2010 8:48pm Nov 28, 2010 8:48pm
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Yes, you got what I mean. To play safe, see whether the following corrective move can be approx. 50%~62% retrace (Fibs), then a reject signal could be much better. Even we set our initial TP at below s/r level, should be a 10p, good enough for scalping.
As I said, I tends to move to more conservative these days, but doesnt mean the black circle setup is not right
As I said, I tends to move to more conservative these days, but doesnt mean the black circle setup is not right
"For entries beyound the outer bands, if there is no other reason(s) came together (good s/r etc), somehow it would become a chasing market oneshttp://cdn.forexfactory.com/images/s...yim/tongue.gif, just my thought."
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Hi Eric,
The trade in the black box is near support and shorting is not good? Did I catch what you mean?
Thank you for your input
- #6,013
- Nov 30, 2010 5:34am Nov 30, 2010 5:34am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
another looser
2 more hrs to go before sleeping.
Woow, the market is moving now!!
- #6,015
- Nov 30, 2010 6:22am Nov 30, 2010 6:22am
The market today is so messy, I played 20 rounds (all small trades) but only +50p so far.........so no give up
2 more hrs to go before sleeping.
Woow, the market is moving now!!
yeah... but u did great! ))
i have losses today
- #6,020
- Nov 30, 2010 7:50pm Nov 30, 2010 7:50pm
The market today is so messy, I played 20 rounds (all small trades) but only +50p so far.........so no give up
2 more hrs to go before sleeping.
Woow, the market is moving now!!
Eric,
Don't mind me to ask, how many pips does a day trader can make and as well as loss.
I am asking because I am not sure if my target profit and maximum of loss is realistic.
My entry is base on 4H TF and I monitored 5pairs of currency. My maximum loss per trade is 30pips in order for me to gain 60pip, 2:1
Last week, I don't have loss trades and I got a bonus day, 420pips per week.
You enter 20 trades per day, and bag 50 pips in one day that's SUPERMAN to me. I might got heart attack and suffer to death to see those candles go up and down.
But you are successful
Shake it off!Lick the Wound,Prey Again!