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Intraday price action trend trading

  • #6,281
  • Jan 24, 2011 9:12am Jan 24, 2011 9:12am
This one look for more...

Anyway, my scalping a/c has filled.
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  • #6,282
  • Jan 24, 2011 9:25am Jan 24, 2011 9:25am
10 more filled in scalping a/c. hehe

Perfect Sho's setup!!
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  • #6,283
  • Jan 24, 2011 9:28am Jan 24, 2011 9:28am
Quoting Buildcity
This one look for more...

Anyway, my scalping a/c has filled.
Sometime its really hurt, when you have 25 in hand, then the price just retraced back to 10 only, then you would not want to get out with 10 only. Anyway, already 2 time 25 didnt take.............

Go to washroom 1st. no eye see
  • #6,284
  • Jan 24, 2011 9:44am Jan 24, 2011 9:44am
Quoting Buildcity
This one look for more...

Anyway, my scalping a/c has filled.
Shit, just cant stand anymore, closed with 24, then the upper s/r broken!!
  • #6,285
  • Jan 24, 2011 9:48am Jan 24, 2011 9:48am
Euro 15 minute inside bar. Entered on the breakout. Stop moved to breakeven.

edit: risked 15, out with 27 pips. Very happy with this trade. I'm trying to keep my risk reward well over 1:1 and hopefully closer to 2:1. It's not easy!
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  • #6,286
  • Jan 24, 2011 9:52am Jan 24, 2011 9:52am
Quoting joe d
Euro 15 minute inside bar. Entered on the breakout. Stop moved to breakeven.
Rocket high now
  • #6,287
  • Jan 24, 2011 10:02am Jan 24, 2011 10:02am
This is how i understand and trade Sho's entries.
Shorts following the keltner channel.
There could have been one more short at 0,9540 = touch of lower band, but after already a 100 pip move a was to scared to take another short
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  • #6,288
  • Jan 24, 2011 10:05am Jan 24, 2011 10:05am
Quoting MJurban
This is how i understand and trade Sho's entries.
Shorts following the keltner channel.
There could have been one more short at 0,9540 = touch of lower band, but after already a 100 pip move a was to scared to take another short
even you missed the a 60 run, your plays were all positive!!

Good trades MJ

Cheers
Eric
  • #6,289
  • Jan 24, 2011 10:10am Jan 24, 2011 10:10am
Quoting MJurban
This is how i understand and trade Sho's entries.
Shorts following the keltner channel.
There could have been one more short at 0,9540 = touch of lower band, but after already a 100 pip move a was to scared to take another short
I was watching the same trade here. Didn't take it.

Part of the reason that I didn't take the trade was that last week I took a short trade in EG and also was concerned that price had fallen too far- and that maybe a retracement was in order. Still the signal was there and I took it. Of course, I was stopped out. I posted it in the thread.

It scared me out of this winning trade.
  • #6,290
  • Jan 24, 2011 10:17am Jan 24, 2011 10:17am
Quoting Buildcity
even you missed the a 60 run, your plays were all positive!!

Good trades MJ

Cheers
Eric
Hi Eric,
ure right, but u never know what happens next.
I am still a little bit to scared and close trades to early, but at least i have very little stoplosses closing that fast.


it is great how u still hold the line here posting ure trades. I do not fololw the forums while i am trading, I still need to watch the chart with full concentration and try to understand what happens each and every single Bar.
happy pipping to u and all of us
MJ
  • #6,291
  • Jan 24, 2011 10:23am Jan 24, 2011 10:23am
Quoting joe d
I was watching the same trade here. Didn't take it.

Part of the reason that I didn't take the trade was that last week I took a short trade in EG and also was concerned that price had fallen too far- and that maybe a retracement was in order. Still the signal was there and I took it. Of course, I was stopped out. I posted it in the thread.

It scared me out of this winning trade.
yes it happwens all the time. Sho said in earlier posting: most trader do not belive market can go any further and they try to play conter trades insted of following the trend.

But if you have already banked a good daily profit why should u take another risk. There is always a new sday with new trades

best MJ
  • #6,292
  • Jan 24, 2011 7:30pm Jan 24, 2011 7:30pm
Quoting MJurban
Hi Eric,
ure right, but u never know what happens next.
I am still a little bit to scared and close trades to early, but at least i have very little stoplosses closing that fast.


it is great how u still hold the line here posting ure trades. I do not fololw the forums while i am trading, I still need to watch the chart with full concentration and try to understand what happens each and every single Bar.
happy pipping to u and all of us
MJ
MJ,

Lets share. Currently I've 2 trading a/cs , one for scalping trades, you know I tend to close trade with 10 or little bit more, just cant change, its my personality, hehe. But my another angel mind want to go for longer plays.

So my solution is to play 2 a/cs side by side. The scalping is major one that I used to play and collect my daily basic. The other one, if I believe it could be a good runner, then this one can help (this a/c can set a bigger TP, and move SL bar by bar or other tactics you preferred). Again, I can still fulfill my devil mind to play the scalping trade at the same time.

May not applicable to all, but it seems working fine with me from the year beginning.

Cheers
Eric(both me!!)
  • #6,293
  • Jan 24, 2011 9:36pm Jan 24, 2011 9:36pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting Buildcity
MJ,
Cheers
Eric(both me!!)
-------------------------------------------
Good Day friend,
You are milking pips daily
Even on Chinese New Year......Leave some for us here....lah
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Shake it off!Lick the Wound,Prey Again!
  • #6,294
  • Edited 6:33am Jan 25, 2011 6:22am | Edited 6:33am
Early entry, a bit under pressure

never mind, quit with 10, hehe

This is scalping mind
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  • #6,295
  • Jan 25, 2011 6:30am Jan 25, 2011 6:30am
Quoting Megara
-------------------------------------------
Good Day friend,
You are milking pips daily
Even on Chinese New Year......Leave some for us here....lah
Hey Megara,

Tks, I want to be him, but I'm not.

I better make my life by my own effort, no dreaming.
  • #6,296
  • Jan 25, 2011 6:58am Jan 25, 2011 6:58am
Whats wrong with AU??
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  • #6,297
  • Jan 25, 2011 7:30am Jan 25, 2011 7:30am
Picked the wrong DB, EU was much more more better.

Quit with 10, dont want to stay anymore. The GU is sooooooooooooooo weak.
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  • #6,298
  • Jan 25, 2011 8:09am Jan 25, 2011 8:09am
I entered on the second candle in. A pin shaped inside bar. I like this trade for the momentum and price action. I dislike it because I'm trading into the .9900 round number and the 61.8 fib retracement on the 4hr chart.

This is taken on demo. Not sure I would take this on a live account.

Let's see how it goes...

UPDATE: stopped out at b/e
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  • #6,299
  • Jan 25, 2011 8:20am Jan 25, 2011 8:20am
Let it get out the mess 1st........
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  • #6,300
  • Edited 8:49am Jan 25, 2011 8:30am | Edited 8:49am
Dont know how long I can keep it, but its been hours

Edit:
1st TP 130.6, SL to BE+ now
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