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Intraday price action trend trading

  • #6,901
  • Jun 20, 2011 3:20am Jun 20, 2011 3:20am
Lets see
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I hear and I forget. I see and I remember. I do and I understand.
  • #6,902
  • Jun 20, 2011 3:54am Jun 20, 2011 3:54am
BE saved me
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I hear and I forget. I see and I remember. I do and I understand.
  • #6,903
  • Jun 20, 2011 4:06am Jun 20, 2011 4:06am
Closes at -5 pips after price stalls since 3 bars (Sho's rules). Little lose
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I hear and I forget. I see and I remember. I do and I understand.
  • #6,904
  • Jun 20, 2011 4:18am Jun 20, 2011 4:18am
Quoting trade price
why you didnt take the profit at resistant level.. that was a very good trade..

Because one of my rule is: BE at 1:1 and TP at 2:1.

i'm not able today to go out the market with price action, too lots emotions, and not enough confidence. I prefer have hard rules and follow it sho.
I hear and I forget. I see and I remember. I do and I understand.
  • #6,905
  • Jun 20, 2011 5:01am Jun 20, 2011 5:01am
Quoting trade price
i understand....thats how my thinking was...
market doesnt understand any hard rules..you have to be flexible...you have to listen ==what market is telling you==
you must have to control your emotion...otherwise it wouldnot work in the long run ..trust me...

hope you got that
Sho, i simply apply your 24th and 25th rules that suit me perfectly:

"24* if i follow 2:1 . i will stick with that does not mattter what i do.if i follow 3:1 i will follow and stick with the ratio."

25*i will close the possition when it reached my target.i would not worry about rest of the move.
i am following my rules.
I hear and I forget. I see and I remember. I do and I understand.
  • #6,906
  • Jun 20, 2011 5:16am Jun 20, 2011 5:16am
A beautiful PB
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I hear and I forget. I see and I remember. I do and I understand.
  • #6,907
  • Jun 20, 2011 5:34am Jun 20, 2011 5:34am
Quoting trade price
but there is allways exception with the market action....
if you see suppot or resistant you have act acoording to that..
will you still drive a car if you know there is a huge wall infront of you..??????

there is allways another way to maintain that..i will show you one day...


i made 3 trades in last few minute only one pair....
1 st one got 5 pips
2nd one got .7(less than one pip,that would have beeen a loser but i changed with market that saved me)
3rd one got 13 pips coz i did listen what market was telling me...
will post...
Ok, thanks sho.

i will look at your video vey carefully, to try to fell the market
I hear and I forget. I see and I remember. I do and I understand.
  • #6,908
  • Jun 20, 2011 5:39am Jun 20, 2011 5:39am
I was fastely stopped ou.
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I hear and I forget. I see and I remember. I do and I understand.
  • #6,909
  • Jun 20, 2011 5:40am Jun 20, 2011 5:40am
Quoting trade price
i made 3 trades in last few minute only one pair....
1 st one got 5 pips
2nd one got .7(less than one pip,that would have beeen a loser but i changed with market that saved me)
3rd one got 13 pips coz i did listen what market was telling me...
will post video of all three trades on my you tube channels ...



take care see you soon
Regards
sho

Thank you for your kindness Sho...
i've learn a lot from your trading video...
can't wait to learn more of it...

have a nice trading guys
vashe
~ Patience is the Key ~
  • #6,910
  • Jun 20, 2011 6:53am Jun 20, 2011 6:53am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
I found that scalping using longer timeframe also workable. You might have more time to run if the trade is not right
My experiment.
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Shake it off!Lick the Wound,Prey Again!
  • #6,911
  • Jun 20, 2011 6:58am Jun 20, 2011 6:58am
Quoting trade price
but there is allways exception with the market action....
if you see suppot or resistant you have act acoording to that..
will you still drive a car if you know there is a huge wall infront of you..??????

there is allways another way to maintain that..i will show you one day...


i made 3 trades in last few minute only one pair....
1 st one got 5 pips
2nd one got .7(less than one pip,that would have beeen a loser but i changed with market that saved me)
3rd one got 13 pips coz i did listen what market was telling me...
will post...
Thank you Sho

Priceless words
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,912
  • Jun 20, 2011 7:25am Jun 20, 2011 7:25am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting boubafx
I was fastely stopped ou.
-------------------
There is resistant at higher timeframe
Let's cry togetherbuahhhh...
Shake it off!Lick the Wound,Prey Again!
  • #6,913
  • Jun 20, 2011 8:16am Jun 20, 2011 8:16am
This was a beautiful setup, what a pity
I hear and I forget. I see and I remember. I do and I understand.
  • #6,914
  • Jun 20, 2011 8:55am Jun 20, 2011 8:55am
Quoting boubafx
I was fastely stopped ou.
Boubafx, you went long into a potential double top. Daily chart bearish too. I was waiting for a setup to get short...I shorted at blue arrow, scalped partial, riding rest to .9760. It is stalling here though, will watch closely.
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  • #6,915
  • Jun 20, 2011 9:01am Jun 20, 2011 9:01am
Quoting Zoomie
Boubafx, you went long into a potential double top. Daily chart bearish too. I was waiting for a setup to get short...I shorted at blue arrow, scalped partial, riding rest to .9760. It is stalling here though, will watch closely.
Looks like it has a chance. Stop to break-even on balance.
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  • #6,916
  • Jun 20, 2011 11:05am Jun 20, 2011 11:05am
Quoting boubafx
I was fastely stopped ou.
if you would enter at the close of that nice pin(beautyfull setup looks like A++) you would be stopped out with no loss(BE when price had reached the profit the same as SL size)...
  • #6,917
  • Jun 20, 2011 12:08pm Jun 20, 2011 12:08pm
Quoting Gravi
if you would enter at the close of that nice pin(beautyfull setup looks like A++) you would be stopped out with no loss(BE whenprice had reached the profit the same as SL size )...
With the big spread(4 pips) price would had reached the profit the same as SL size higher (printed "stop at BE" on my chart), so it was a lost.

big spread is a problem for me
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I hear and I forget. I see and I remember. I do and I understand.
  • #6,918
  • Jun 20, 2011 2:03pm Jun 20, 2011 2:03pm
On daily, USD/CAD looks like an inverse head and shoulders; indicated in the following chart. Also, in the chart, note that there are a few extra, predicted candles that further shed light on the potential HnS breakout coming. It's not the cleanest chart, but could be a worthwhile setup to watch.
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  • #6,919
  • Jun 20, 2011 2:17pm Jun 20, 2011 2:17pm
On a 1 hour chart, the bias based on recent price action tends to be up as shown in the attached chart. Also shown are a few predicted candles based on the recent price action to gain a perspective on what's going on. The prediction candles' advance also seem to coincide with a break of the descending line formed by recent peaks.
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  • #6,920
  • Jun 20, 2011 8:16pm Jun 20, 2011 8:16pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
EURUSD 15 min tf.
4 Hr still holding long until the marked target.
------
By the way, do I have to capture screen ,cut and paste to paint and save the image. Is there any short cut to save the image? Thanks for your help
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Shake it off!Lick the Wound,Prey Again!
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