Attachments: Intraday price action trend trading

Intraday price action trend trading

#6,581
Mar 10, 2011 8:19am Mar 10, 2011 8:19am

masut
| Joined Dec 2007 | Status: stack the odds | 508 Posts

Should i enter this trade?

I still doubt.

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#6,582
Mar 10, 2011 8:19am Mar 10, 2011 8:19am

Gravi
| Joined Aug 2010 | Status: Pipaholic | 453 Posts

hi Sho!
big thanx you answered to my post..i really appreciate it!
as for me i think just like you said - risk management is the primary thing... i think i will never use averaging and staff ..it's for sure..

Quoting trade price

Disliked

hello buddy.....hope you had a nice time..

allways remember market has bigger pocket than anyone else....
also remember there is many stratagy out there....some need lots of capital (the way big boys do,i mean banks)....
if bank can lose bilions, 100 k or 200k is nothng for market....
save your self.....remember averaging works till the day market hits hard in our butt...and we do lose a lot i mean what you made ...it will destroy your confdence...you will be really scared to trade again....
allways Risk first.......

Ignored

#6,583
Mar 10, 2011 8:22am Mar 10, 2011 8:22am

Gravi
| Joined Aug 2010 | Status: Pipaholic | 453 Posts

As for me i wouldn't take it... the KC slope is not good, no solid momentum.. i see support area below also..

Quoting masut

Disliked

Should i enter this trade?

I still doubt.

Ignored

#6,584
Mar 10, 2011 8:36am Mar 10, 2011 8:36am

masut
| Joined Dec 2007 | Status: stack the odds | 508 Posts

short aud

EDIT: TP hit

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#6,585
Mar 10, 2011 8:40am Mar 10, 2011 8:40am

masut
| Joined Dec 2007 | Status: stack the odds | 508 Posts

Quoting Gravi

Disliked

As for me i wouldn't take it... the KC slope is not good, no solid momentum.. i see support area below also..

Ignored

thank Gravi.

Now momentum down, I 'll wait for pullback.

#6,586
Mar 10, 2011 9:06am Mar 10, 2011 9:06am

masut
| Joined Dec 2007 | Status: stack the odds | 508 Posts

Short AUD again

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#6,587
Mar 10, 2011 9:12am Mar 10, 2011 9:12am

masut
| Joined Dec 2007 | Status: stack the odds | 508 Posts

Quoting masut

Disliked

Short AUD again

Ignored

uups... TP hit again for 12 pips

#6,588
Mar 10, 2011 9:45am Mar 10, 2011 9:45am

masut
| Joined Dec 2007 | Status: stack the odds | 508 Posts

short EU close of pinbar, tp 20 pips hit

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#6,589
Mar 10, 2011 9:50am Mar 10, 2011 9:50am

masut
| Joined Dec 2007 | Status: stack the odds | 508 Posts

I'm too greedy today.
I think enough.

See u

#6,590
Mar 10, 2011 11:48am Mar 10, 2011 11:48am

Gravi
| Joined Aug 2010 | Status: Pipaholic | 453 Posts

Quoting masut

Disliked

I'm too greedy today.
I think enough.

See u

Ignored

nice trades... but both short AU trades i wouldn't take for sure...
1st one was the sell on support (and PA showed bulls strength - tweezers)
2nd trade i couldnt see any downward momentum for sells...
but u got profit, so you were right

#6,591
Mar 10, 2011 12:22pm Mar 10, 2011 12:22pm

ventatec
| Joined Mar 2011 | Status: Trader | 5 Posts

Masut, what is your TP?

#6,592
Mar 11, 2011 1:01am Mar 11, 2011 1:01am

xxxxLearner
| Joined Mar 2010 | Status: Learning to set traps | 123 Posts

Quoting Megara

Disliked

-----------------------------------------------------
Cool.
My grandfather are like that. No stop loss and used averaging but he trade stocks. Those blue chips stocks. He left millions for his family.
Is he successful?
I learnt from him but did horrible to my capital.

Like master said,'Did everything you can to preserve the capital"
It reminded me a Korean legend I watched: Loss of soldiers in the battle is expected but he used his strategy to prevent massive loss. And at those time, any general who loss many soldiers would be beheaded...

Ignored

Thats excellant work Megara,

I have only just found Master Sho method, about 2 weeks ago. Up until now I had a understanding of price action S&R etc. But didnt really know how to apply it.

For me when I am trading the 15 minute time frame, I am unsure if I am trading a retracment and sometimes I am reluctant to place the trade because it is close to resistence or support.

Anyway, I am happy you have regained your account balance, hope I can achieve the same results as you!!!

Good luck

#6,593
Mar 11, 2011 4:11am Mar 11, 2011 4:11am

masut
| Joined Dec 2007 | Status: stack the odds | 508 Posts

Quoting ventatec

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Masut, what is your TP?

Ignored

usually my TP 2x SL, but depend of market condition.

Many opportunity today GU, AUD, and EJ. Nice down momentum.

#6,594
Mar 11, 2011 4:19am Mar 11, 2011 4:19am

xxxxLearner
| Joined Mar 2010 | Status: Learning to set traps | 123 Posts

Quoting Megara

Disliked

------------------------------
Memorize the advice given by great traders here, it should be when you're asleep you can still see those charts moving up,down,sideway, what to do when see IB,OB,reaction to TL, Demand & Supply and etc...in your mind.
I'm slow poke and 4HR chart suits my appetite.
You will, post your charts. Read Sho's educational thread and revise them often. That's what I am doing till now.
In fact I have compiled them into a book bcs I afraid the master will delete here and there

Ignored

Thanks for the advice Megara!!