I hear and I forget. I see and I remember. I do and I understand.
Sho
Intraday price action trend trading
- #7,142
- Jul 18, 2011 9:34am Jul 18, 2011 9:34am
Welcome Nanitoide!
Nice trade between
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I've changed broker to Oanda for scalping but keep MT4 for 4H trading.What I like Oanda is because I can predefined SL 10pips and when I enter trade the SL is set nicely and it is movable from the screen. It is good with this scalping method.
The divergence is obvious and easy to see.
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Look like everyone is busy so here look quiet.
O.K! I make a mission. To reach 1000 pages. That keep us from hoping to another system. By that time I might become very good like laser...
My broker Alp..i. Very favorable trading conditions for scalping. I like it. Spread on the euro and the pound from 1 point. Orders can be placed very close to the opening price.
MT4 trading platform is excellent. Just right for us, the scalpers.
http://savepic.org/1980346m.gif
I like this thread. I like the author (a respected Sho), his method, and the people who interact here. I also really like the trade of Rob.
I can not be here often. But I am happy to answer and talk. Thank you.
p.s. Excuse me for my English.
"To become a pro you have to think like a pro". Sho
Sho- #7,143
- Jul 18, 2011 9:37am Jul 18, 2011 9:37am
Meg,
For me Big red bars is momentum, the green is more little.
Thirst blue line (the down line) is impulsive, then the corrective move (the up blue line).
In addition, H1 and H4 are in down trend.
The PB you took should have been a fake and the begin of another down impulsive move. So for me it was a counter trend.
Finally you have been right, because the corrective move turns impulsive, but when you took the PB it was a bet that corretive move turns impulsive? And sure you make a good bet, but riskly, no?
Am i wrong in my analysis?...
discussion help us to become better trader. I like!See the chart. Hope you understand if not let's talk more.
Sorry for late reply because busy with work and I've forgot to logout.
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Shake it off!Lick the Wound,Prey Again!
- #7,144
- Jul 18, 2011 9:41am Jul 18, 2011 9:41am
Hi, Megara!
My broker Alp..i. Very favorable trading conditions for scalping. I like it. Spread on the euro and the pound from 1 point. Orders can be placed very close to the opening price.
MT4 trading platform is excellent. Just right for us, the scalpers.
http://savepic.org/1980346m.gif
I like this thread. I like the author (a respected Sho), his method, and the people who interact here. I also really like the trade of Rob.
I can not be here often. But I am happy to answer and...
You're Russian?
Shake it off!Lick the Wound,Prey Again!
( just kidding)
- #7,146
- Jul 18, 2011 10:02am Jul 18, 2011 10:02am
one thing i would like understand
if on each trade our risk is 1% risk and 2:1 ratio
if we do this on m15 charts we could get one or several winners in the day.
For each winner, our account is 2% up.
Now if we do this on daily, we need more than 1 day to have a winner and the profit in our account is also only 2%
so we must make more money with the m15 time frame than with the daily ????
Sure, the spread is a handicap in daytradinding, but can we conclude that a sucess trader will win much more on low time frame than high time frame with the...
I don't understand very complicated
For me I only tolerate 1% risk of my capital because blown 3 before. Each entry unit and SL is set to default let's say 0.1 lot and 10 pips SL for scalping account. I have 2 accounts. One is for 4H TF and the other is for scalping (Oanda) while waiting for funding I use demo to familiarize the platform.
Shake it off!Lick the Wound,Prey Again!
- #7,150
- Jul 18, 2011 8:06pm Jul 18, 2011 8:06pm
looks like trading range here...
I miss the top trade to attend to work so catch a few pips at the 2nd PB
and it is near support. I like thick box like the yellow box zone instead single thin line. I puzzle what's its function?
Shake it off!Lick the Wound,Prey Again!
- #7,158
- Jul 19, 2011 3:08am Jul 19, 2011 3:08am
Hi Meg!!!
i'm with you,let's do it!!))
another CT play
Gravi
When I enter a CT with divergence form, there should be 2 candles been tested it cannot go lower or higher. Have similar low or high also works O.K.
I've tested this way the 6th times and find that it work. I've got 4 to show you and will post more if I encounter this similar CT setup
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See you in US session.
Shake it off!Lick the Wound,Prey Again!
