Shake it off!Lick the Wound,Prey Again!
Intraday price action trend trading
hi bobafx!
i want to comment on ur second trade and share my thought process on a trade i took on the audusd.
ur entry bar(long) closed and formed a PB,meaning price did not do what u excpected it to do and thats continue the impolsive way up.
u should of asked urself than "why" and realizing that u bought right into the daily and hourly resistence level.if so u might want to look for a CT and maybe scalp some points on the way down.u could got in on the break down of the IB on the 15 min.
im sorry but im unable to post charts at the moment..i will do so later.
anyway,i was able to steal 42 pips from this move by closing it manually after panicking bc i forgot about the news and i do not like to be in trades during this time especially not CT.
hope u know im not criticizing but just sharing ..
..
all good,right?
i want to comment on ur second trade and share my thought process on a trade i took on the audusd.
ur entry bar(long) closed and formed a PB,meaning price did not do what u excpected it to do and thats continue the impolsive way up.
u should of asked urself than "why" and realizing that u bought right into the daily and hourly resistence level.if so u might want to look for a CT and maybe scalp some points on the way down.u could got in on the break down of the IB on the 15 min.
im sorry but im unable to post charts at the moment..i will do so later.
anyway,i was able to steal 42 pips from this move by closing it manually after panicking bc i forgot about the news and i do not like to be in trades during this time especially not CT.
hope u know im not criticizing but just sharing ..
..all good,right?
- #7,323
- Aug 1, 2011 9:46am Aug 1, 2011 9:46am
Hit my trailing stop of buy entry earlier. Then enter short again. I posted this pair on Friday about Head & shoulder It poke the right shoulder a bit before heading south
It poke the right shoulder a bit before heading south
Shake it off!Lick the Wound,Prey Again!
boubafx you're getting better
- #7,325
- Aug 1, 2011 10:17am Aug 1, 2011 10:17am
hi bobafx!
i want to comment on ur second trade and share my thought process on a trade i took on the audusd.
ur entry bar(long) closed and formed a PB,meaning price did not do what u excpected it to do and thats continue the impolsive way up.
u should of asked urself than "why" and realizing that u bought right into the daily and hourly resistence level.if so u might want to look for a CT and maybe scalp some points on the way down.u could got in on the break down of the IB on the 15 min.
im sorry but im unable to post charts at the moment..i...
I'm not able to take the reverse trade, i'm not an agressive trader, but a conservative;
I'm OK with you're analysis, and took the reverse was a very good idea, but personaly i'm not able to do this kind of "Megara trade".
I'm a "Gravi trader", and you Elliot are rather a "Megara trader"
All comments is good, and, as Meg wants, we are going all together at 1000 pages!!!!
I hear and I forget. I see and I remember. I do and I understand.
i did mention before that i have one folder on my computer named "megara"
i want to make one thing clear: my big progress in my trading skills is all thanks to you all!!i really took my time b4 started to trade this methoed by reading this thread many many times and paying close attention to several traders here which took their time by sharing there experience w this method and accepting w open arms newibis.
all i know is thank to them and of course to the master sho!
its funny but i also noticed that my big succeful trades are CT and i swear to u bobafx that i used to be so scaired taking this kind of trades but now i do it in a mechanical way and im happy to revel that im able to eliminate slowly by slowly the fear element in my trades.i guess we can call it the "megara affect"
thank again to all of u!u are defiantly one of them bobafx!!
i want to make one thing clear: my big progress in my trading skills is all thanks to you all!!i really took my time b4 started to trade this methoed by reading this thread many many times and paying close attention to several traders here which took their time by sharing there experience w this method and accepting w open arms newibis.
all i know is thank to them and of course to the master sho!
its funny but i also noticed that my big succeful trades are CT and i swear to u bobafx that i used to be so scaired taking this kind of trades but now i do it in a mechanical way and im happy to revel that im able to eliminate slowly by slowly the fear element in my trades.i guess we can call it the "megara affect"
thank again to all of u!u are defiantly one of them bobafx!!
- #7,328
- Aug 1, 2011 11:05am Aug 1, 2011 11:05am
i did mention before that i have one folder on my computer named "megara"
i want to make one thing clear: my big progress in my trading skills is all thanks to you all!!i really took my time b4 started to trade this methoed by reading this thread many many times and paying close attention to several traders here which took their time by sharing there experience w this method and accepting w open arms newibis.
all i know is thank to them and of course to the master sho!
its funny but i also noticed that my big succeful trades are CT and...
Sorry i wanted to say Elliot
You're absolutely right, the sharing is a great things to learn how to feel the markets
I hear and I forget. I see and I remember. I do and I understand.
- #7,335
- Aug 1, 2011 11:40pm Aug 1, 2011 11:40pm
Miss EJ 
yesterday bcs my brain got stuck dunno how to enter! What a big move! Breach thru the daily TL and now it looks like retest. Waiting for signal to go short
yesterday bcs my brain got stuck dunno how to enter! What a big move! Breach thru the daily TL and now it looks like retest. Waiting for signal to go short
Shake it off!Lick the Wound,Prey Again!
I put the wrong order. So late entry
- #7,338
- Aug 1, 2011 11:54pm Aug 1, 2011 11:54pm
Yes i saw the H4 resistance, and so i moved my stop at BE early. Because, as sho said, momentum exceed everything, and so i tried this long and move fastly the stop.
I'm not able to take the reverse trade, i'm not an agressive trader, but a conservative;
I'm OK with you're analysis, and took the reverse was a very good idea, but personaly i'm not able to do this kind of "Megara trade".
I'm a "Gravi trader", and you Elliot are rather a "Megara trader"
All comments is good, and, as Meg wants, we are going all together at 1000...
We are SHO traders
"SHO TRADERS CLUB"
Shake it off!Lick the Wound,Prey Again!
- #7,339
- Aug 2, 2011 1:48am Aug 2, 2011 1:48am
Miss EJ
Here I go. Short EJ and I've figured out how to enter if there are 2 doji
Shake it off!Lick the Wound,Prey Again!
