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Intraday price action trend trading

  • #6,621
  • Mar 21, 2011 8:31am Mar 21, 2011 8:31am
Quoting priceaction
...
I never think of what happens after because it doesn't matter to me.
We are not in a competition.

We just need to take our income from the market according to our plan.
Simple
yeah! exactly! we stick with our trading plan,no worries about further price movement... i just noticed what happend next ..
  • #6,622
  • Mar 22, 2011 7:11am Mar 22, 2011 7:11am
that’s the good thing to be a trend follower
Clean screens from all those colorful indicators
Only our moving averages no stress of predicting the future
And at the end all ways you are right
I was to a forum of MT4 and I asked some programmers if could program
my strategy I receive a lot of reply’s but when the hear my strategy they never
Answer back my e-mails, they though probably that I was to simple for they dreams
Who trades on our days with such primitive methods prices close above 200 and 50 sma
and you buy? you are out of your mine or what , with out at least to wait for MACD,CCI,MSI,ROCS,
BB, or something, envelopes or what ever with colors arrows, lines, fibos, don even use candles?
Still with these boring bars ?
You are not professional !!
They where right I am not a professional but at least I am not looser either
　
Best regards sakis
  • #6,623
  • Mar 25, 2011 4:07am Mar 25, 2011 4:07am
Hi all.
I come back again after one week holiday.

This is my recent long ECHF.
Attached Image
  • #6,624
  • Mar 25, 2011 10:30am Mar 25, 2011 10:30am
See how it goes:
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  • #6,625
  • Mar 25, 2011 10:39am Mar 25, 2011 10:39am
Quoting 786 trading
See how it goes:
I cut my trade in profit realizing I draw the waves in correctly. I should look for the buy, see my this chart with corrected wave. If I am wrong please correct me. Thanks.
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  • #6,626
  • Mar 25, 2011 6:29pm Mar 25, 2011 6:29pm
TradePrice, I was hoping you could tell me what the indicator is that uses the green circle and tells you how many pips when you draw a line on mt4.

Thank you, Russ
  • #6,627
  • Mar 25, 2011 6:33pm Mar 25, 2011 6:33pm
I meant to ask the previous indicator question to priceaction. I really liked the indicator you used and was hoping you could enlighten me... Sorry for the confusion, Russ
  • #6,628
  • Mar 26, 2011 5:24am Mar 26, 2011 5:24am
Quoting 786 trading
I cut my trade in profit realizing I draw the waves in correctly. I should look for the buy, see my this chart with corrected wave. If I am wrong please correct me. Thanks.
see the picture... it's a bit confusing cos it has your previous drawings
so i would consider the momentum reversed to upside after the DB and would wait for PA confirming the end of correction to go long...
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  • #6,629
  • Mar 27, 2011 9:07pm Mar 27, 2011 9:07pm
Quoting Gravi
see the picture... it's a bit confusing cos it has your previous drawings
so i would consider the momentum reversed to upside after the DB and would wait for PA confirming the end of correction to go long...
Yes you are right. Thanks.
  • #6,630
  • Mar 30, 2011 11:38am Mar 30, 2011 11:38am
Hi guy's

Been reading master Sho's threads for last few day's.. Here is my first attempt.. Went long after close of pinbar (blue triangle) Closed too early at 6050 round number.. Still it was +6.7
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  • #6,631
  • Apr 6, 2011 11:52pm Apr 6, 2011 11:52pm
Sho has put many things to words that I couldnt seem to find a way of doing so. Here is a little contribution this is a pick of the Gy that I was not in front of the charts for that I plotted and missed unfortunately. Would have taken quite some tiem but a simple play. I highlighted two areas that show momentum turning up then my box that shows my entry area however I had a tough time reading the market today and left early with 12 pips if I remember right. Now notice how the green arrow shows the lateral movement that signals the confirmation of the box unfortunately the low parts of this box never come back but could have been a simple play even catching the top of the box shows a small 32 pip stop and a top of a 45 pip run to the last top. Just thinking that this forum needs some more action as it has taught me a wealth of knowledge. If I was trading more along the lines of its creators rules I would post more here.
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  • #6,632
  • Apr 26, 2011 4:24pm Apr 26, 2011 4:24pm
Hi guys, good day!
I've been following Sho's method for some time, I would say I'm new at this, (almost a year) still paper trading until have positive results consistently.

I'll be attaching my charts soon (cant yet, still junior member ) and hope to get your feedback.

A big thanks to Sho.

cheers!
  • #6,633
  • Apr 29, 2011 2:57pm Apr 29, 2011 2:57pm
Good job! It takes hard work and proper knowledge to do well in this business. Try to trade a small lot size on a small account to build confidence with real money. I would recommend you study Supply and Demand and trade on a higher timeframes like 4hr, Daily or Weekly until you are successful. Small timeframes can destroy new traders.

Quoting Ssb
Hi guys, good day!
I've been following Sho's method for some time, I would say I'm new at this, (almost a year) still paper trading until have positive results consistently.

I'll be attaching my charts soon (cant yet, still junior member ) and hope to get your feedback.

A big thanks to Sho.

cheers!
  • #6,634
  • May 1, 2011 4:24am May 1, 2011 4:24am
Welcome SSB,

Look forward to your charts.

Sho Method is definitley worth putting into practice.

I have traded Sho's method now for about 2.5 months. Prior to finding Sho's method I spent a great deal of time learning horizontal support and resistence, candlestick patterns (Sho has converted me to Bar charts), and fibs.

The glue for me in Sho's method is the understanding of IMPULSIVE and CORRECTIVE moves.

Take your time and spend every day DEMO trading this method. My opinion would be watch at least 6 pairs, and only take Sho's A TRADE for now, the rest will fall into place in time. And if it doesnt the A TRADES will provide a good return regardless.

My regret is that I found this thread to late, as I missed out on spending time learning directly from Sho.

I will be forever in Sho's debt.

PS. regarding your junior member status, just go post several comments in a few threads, I think about 10 and you will be a member.(That also was Sho's advice) LOL
  • #6,635
  • May 2, 2011 2:01pm May 2, 2011 2:01pm
Quoting jj7000
Good job! It takes hard work and proper knowledge to do well in this business. Try to trade a small lot size on a small account to build confidence with real money. I would recommend you study Supply and Demand and trade on a higher timeframes like 4hr, Daily or Weekly until you are successful. Small timeframes can destroy new traders.
jj7000 Thanks for kind your words

"Try to trade a small lot size on a small account to build confidence with real money" <-- That is the next step for sure, but first I set a goal to see positive results.

"I would recommend you study Supply and Demand and trade on a higher timeframes like 4hr, Daily or Weekly" <-- following your recommendation, work mostly on daily charts.

Cheers!
  • #6,636
  • May 3, 2011 10:54am May 3, 2011 10:54am
I'm watching this one.

http://www.forexfactory.com/attachme...1&d=1304441253

Any Comments? Ideas?

Cheers!
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  • #6,637
  • May 3, 2011 11:00am May 3, 2011 11:00am
Quoting xxxxLearner
Welcome SSB,
PS. regarding your junior member status, just go post several comments in a few threads, I think about 10 and you will be a member.(That also was Sho's advice) LOL
Somehow, I'm not a Junior member anymore

Thanks for your words!
Lets see if we can master this method.

Cheers!
  • #6,638
  • May 4, 2011 6:01am May 4, 2011 6:01am
Which is the best way, the best course, the best ebook to learn price action ?
Thanks
  • #6,639
  • May 4, 2011 6:28am May 4, 2011 6:28am
Quoting bonzer1
Which is the best way, the best course, the best ebook to learn price action ?
Thanks
http://www.forexfactory.com/showthread.php?t=2331


here is a site for the video.s of the other site http://www.james16group.us/ go to guest section
  • #6,640
  • May 11, 2011 2:03pm May 11, 2011 2:03pm
My first trade was an R:R minus 0.5. Second trade was a R:R 2.0 gain. Feedback appreciated!! I am trying to get Keltner channels for MT4......
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