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Intraday price action trend trading

  • #6,101
  • Dec 8, 2010 5:23am Dec 8, 2010 5:23am
Quoting Megara
Good day friends,
I've been away for a short vacation .....for soul searching in highlands
===============
Gravi lost many trades in a row..no problem. It's small losses and most important is sticking with your rules. Don't change what have worked for you. You have demonstrated your SL, entry and exit with precision before and they were good trades.
===================
Now my turn to dance with the market
Wow.. you are doing great!
H4 gives less false signals and you use it... u have your own approach ( considering higher tf's) ... well done!
  • #6,102
  • Dec 8, 2010 6:22am Dec 8, 2010 6:22am
...
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  • #6,103
  • Edited 7:23am Dec 8, 2010 7:12am | Edited 7:23am
still running.. chf is free trade atm ( set SL at B/E)
upd ...au was set to B/E and then stoped out for B/E...
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  • #6,104
  • Dec 8, 2010 7:25am Dec 8, 2010 7:25am
the same impulsive.. breakout of IB...

upd .. stoped out
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  • #6,105
  • Dec 8, 2010 7:35am Dec 8, 2010 7:35am
too much B/E's! wow.. 4 for today.. and 3 losses...
i'm confused
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  • #6,106
  • Dec 8, 2010 7:43am Dec 8, 2010 7:43am
Quoting Gravi
too much B/E's! wow.. 4 for today.. and 3 losses...
i'm confused
Hey man, I am just starting now
  • #6,107
  • Dec 8, 2010 7:45am Dec 8, 2010 7:45am
Quoting Gravi
too much B/E's! wow.. 4 for today.. and 3 losses...
i'm confused
better than 7 losses ? : D
Hero calls followed by margin calls...
  • #6,108
  • Dec 8, 2010 8:32am Dec 8, 2010 8:32am
too much losses... no trades for 3 days...go for more learning and reading
  • #6,109
  • Dec 8, 2010 8:37am Dec 8, 2010 8:37am
Quoting PhAnTi'
better than 7 losses ? : D

yeah..for sure! but it hit me painfully.. trying to be more patient..
drawdown suxx got to clear my head up
  • #6,110
  • Dec 8, 2010 8:59am Dec 8, 2010 8:59am
i spotted it and set the pending ( as the pin closed below r/n and prev.support but i wanted to place th SL just above the centerline also 50 fib) to make small SL size.... as the pin closed the price fell down
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  • #6,111
  • Dec 8, 2010 8:36pm Dec 8, 2010 8:36pm
Quoting Gravi
too much losses... no trades for 3 days...go for more learning and reading

Don't worry about losses if they are controlled , let them teach you if possible why the entry was wrong and sometimes it's more about timing your entry. Many times I have noticed if I had waited 5-15 minutes later for my trade, it would have been a winner instead of a B/E or a loser.
  • #6,112
  • Dec 9, 2010 2:05am Dec 9, 2010 2:05am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Gravi, I am not sure if this is helpful to you or confused.
I see and fine tune them to suit me.

Sho did said one timeframe he will know everything but I used one TF I didn't see well bcs I haven't have a pair of trained Superman eyes like Sho and traders here.

I have weekly,daily and my entry TF chart, the 4H in one screen to help me see the momentum,S&R
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Shake it off!Lick the Wound,Prey Again!
  • #6,113
  • Dec 9, 2010 2:11am Dec 9, 2010 2:11am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Another EU trade and not yet close
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Shake it off!Lick the Wound,Prey Again!
  • #6,114
  • Dec 9, 2010 2:13am Dec 9, 2010 2:13am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Yesterday UJ trade
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Shake it off!Lick the Wound,Prey Again!
  • #6,115
  • Dec 9, 2010 3:06am Dec 9, 2010 3:06am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
UJ trade
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Shake it off!Lick the Wound,Prey Again!
  • #6,116
  • Dec 9, 2010 3:32am Dec 9, 2010 3:32am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Haha, it is very good to read the main thread as many times as possible. I found one gem
============================
"...conservative entrys will be break of each signal bar.your stop is under the signal bar.you cant go for higher R:R.it reverses or give you pull back before raching your target.
because your stop will be lot bigger and it will be hard to reach your profit target.conservative way u will get higher hit rate but small profit and big stops."...Sho(post 1986)
Attached Image (click to enlarge)
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Shake it off!Lick the Wound,Prey Again!
  • #6,117
  • Dec 9, 2010 3:41am Dec 9, 2010 3:41am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
It is working
The momentum has came.
I am riding it
Attached Image (click to enlarge)
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Shake it off!Lick the Wound,Prey Again!
  • #6,118
  • Dec 9, 2010 3:47am Dec 9, 2010 3:47am
Quoting Megara
Haha, it is very good to read the main thread as many times as possible. I found one gem
============================
"...conservative entrys will be break of each signal bar.your stop is under the signal bar.you cant go for higher R:R.it reverses or give you pull back before raching your target.
because your stop will be lot bigger and it will be hard to reach your profit target.conservative way u will get higher hit rate but small profit and big stops."...Sho(post 1986)
yes..that was double ib's!! and wedge also... very nice setup but i think u should consider that bearish momentum closed below the minor supp. area... i think momemtum reversed..
  • #6,119
  • Dec 9, 2010 3:55am Dec 9, 2010 3:55am
Quoting jj7000
Don't worry about losses if they are controlled , let them teach you if possible why the entry was wrong and sometimes it's more about timing your entry. Many times I have noticed if I had waited 5-15 minutes later for my trade, it would have been a winner instead of a B/E or a loser.
thanks for sharing... yeah i guess market teaches me slapping my ass...
i should me more disciplined... i 'm looking forward to go for the higher TF(1H) it would be more comfortable and less stressable
  • #6,120
  • Dec 9, 2010 3:58am Dec 9, 2010 3:58am
Quoting Megara
It is working
The momentum has came.
I am riding it
yeah..good move... and confluenced with higher tf's as well
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