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Intraday price action trend trading

  • #7,461
  • Edited 4:36am Aug 9, 2011 4:12am | Edited 4:36am
Hammer at:
50%-61.8% Fibonacci Retracement
Supply/demand zone

Hidden Divergence

Update: Stopped out at +10pips

Was aiming for reaction closer to round number and previous resistance
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  • #7,462
  • Aug 9, 2011 4:19am Aug 9, 2011 4:19am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
The respond is somewhat lukewarm
Gravi and Baubafx!
Is Sho's method very advance or too easy?
Not many take part here
What should we do? Continue the game or halt it?
Shake it off!Lick the Wound,Prey Again!
  • #7,463
  • Aug 9, 2011 4:24am Aug 9, 2011 4:24am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
With Sho's teaching of how to ride with momentum, I find that you can use any system out there.
Perhaps I should delete the sentence "the criteria is Sho's method only" maybe more participants?
Shake it off!Lick the Wound,Prey Again!
  • #7,464
  • Aug 9, 2011 4:39am Aug 9, 2011 4:39am
me too me too!im in....
lets play!!!!
  • #7,465
  • Aug 9, 2011 4:50am Aug 9, 2011 4:50am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
I should describe first.
I will pick GU and EU chart at daily timeframe from my simulator starting from a certain year. Since Asian session is not as active as other session it should have not disturb your trading in EU and US session.
Whether your analysis is right or wrong it doesn't matter.
Shake it off!Lick the Wound,Prey Again!
  • #7,466
  • Aug 9, 2011 4:54am Aug 9, 2011 4:54am
Quoting Megara
I should describe first.
I will pick GU and EU chart at daily timeframe from my simulator starting from a certain year. Since Asian session is not as active as other session it should have not disturb your trading in EU and US session.
Whether your analysis is right or wrong it doesn't matter.
Do you mind if I ask you what simulator you use?
  • #7,467
  • Aug 9, 2011 6:02am Aug 9, 2011 6:02am
Quoting Megara
I should describe first.
I will pick GU and EU chart at daily timeframe from my simulator starting from a certain year. Since Asian session is not as active as other session it should have not disturb your trading in EU and US session.
Whether your analysis is right or wrong it doesn't matter.
If you use old daily setup, i need weekly and monthly charts too, i can't take a trade (even with sho's method) without the two timeframe higher)

Sorry to be so requiring, but i'm a conservative trader!!!!
I hear and I forget. I see and I remember. I do and I understand.
  • #7,468
  • Aug 9, 2011 9:10am Aug 9, 2011 9:10am
My first trade: i love this kind of setup, what a pity they don't happen more often.

I go out, the price stalls after 3 bars

I don't want to be always Mr Breakeven and don't win a trade which gone a little in my direction, so i catch Gravi and city method: Breakeven+2pips

So i'm the new Mr Breakeven+2
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I hear and I forget. I see and I remember. I do and I understand.
  • #7,469
  • Aug 9, 2011 9:16am Aug 9, 2011 9:16am
goood morning mr BE+2!!

i see u moved to 30 min chart...

im having a very flat day..
tried to short euro for a quick scalp after divergence but market staled..got out at +1..it was like 4 hrs ago...
didnt find any set up since than...
  • #7,470
  • Aug 9, 2011 9:23am Aug 9, 2011 9:23am
Quoting elliotrader
goood morning mr BE+2!!

i see u moved to 30 min chart...

im having a very flat day..
tried to short euro for a quick scalp after divergence but market staled..got out at +1..it was like 4 hrs ago...
didnt find any set up since than...


Good afternoon Elliot!!

No, i keep M15 TF

But i saw a nice retrace on M15, and the PB appears on M30.

I like the proper retrace of M30, i could have take the trade on M15 but m30 charts PA was so beautiful that i keep this TF
I hear and I forget. I see and I remember. I do and I understand.
  • #7,471
  • Aug 9, 2011 9:28am Aug 9, 2011 9:28am
The Dow is at resistance in the descending channel and being capped by the daily pivot.
This level could be important.

DJ M1
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  • #7,472
  • Aug 9, 2011 9:35am Aug 9, 2011 9:35am
Welcome Fosking!!!

Thanks to post on this thread

You seem experimented, what is your style of trading?

Do you use Sho's method and how?

Don't hesitate to post your trade, and comment ours. We need experimented trader to talk and share, and you are welcome on this great thread
I hear and I forget. I see and I remember. I do and I understand.
  • #7,473
  • Aug 9, 2011 9:42am Aug 9, 2011 9:42am
Quoting boubafx
Welcome Fosking!!!

Thanks to post on this thread
Hey boubafx!
Thanks for the warm welcome

I trade using a mix of Ichimoku, trend lines and S&R.
Just thought I would post a couple of DOW charts as it's been pretty lively lately.

I haven't seen this thread before, so I'm afraid I don't know Sho's trading style. Hope you don't mind.

Here is a different look at the DOW for a last try at capping price to the upside.

DJ M1
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  • #7,474
  • Aug 9, 2011 9:47am Aug 9, 2011 9:47am
Quoting fosking
Hey boubafx!
Thanks for the warm welcome

I trade using a mix of Ichimoku, trend lines and S&R.
Just thought I would post a couple of DOW charts as it's been pretty lively lately.

I haven't seen this thread before, so I'm afraid I don't know Sho's trading style. Hope you don't mind.

Here is a different look at the DOW for a last try at capping price to the upside.

DJ M1
Attachment
Fosking,

I don't know very well the TL. I have the habit to use it for confirmation of a A+setup( as sho learn us on this thread).

I know the power onf supply/demand level, but with your experiment of them, is TL as reliable and as powerful than s/d level or less?
I hear and I forget. I see and I remember. I do and I understand.
  • #7,475
  • Aug 9, 2011 9:59am Aug 9, 2011 9:59am
Can someon point me to where this Sho method can be found? I would love to learn more and play the game. Thanks
  • #7,476
  • Aug 9, 2011 10:01am Aug 9, 2011 10:01am
Quoting boubafx
Fosking,

I don't know very well the TL. I have the habit to use it for confirmation of a A+setup( as sho learn us on this thread).

I know the power onf supply/demand level, but with your experiment of them, is TL as reliable and as powerful than s/d level or less?
My primary indicator that I use is Ichimoku (trend following indicator) and use both support and resistance levels plus trend lines to get into high probability trades in the way of the trend.
I use them both equally and both with good success rates.

This is a gold trade I'm currently in.
You can see the Ichimoku indicator with the trend lines drawn over the top.
I'm currently short, but am looking to get back into the trend.

Gold H4
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  • #7,477
  • Aug 9, 2011 10:02am Aug 9, 2011 10:02am
Here the main thread to learn the method, good read. Sho is trade Price

http://www.forexfactory.com/showthread.php?t=217281
I hear and I forget. I see and I remember. I do and I understand.
  • #7,478
  • Aug 9, 2011 10:05am Aug 9, 2011 10:05am
http://www.forexfactory.com/showthread.php?t=217281
there he teaches the method and on this current thread we post our chart and discuss our trades

read both before u start using this great method.

welcome aboard!!!
  • #7,479
  • Aug 9, 2011 10:08am Aug 9, 2011 10:08am
Quoting boubafx
Sho is trade Price
Ah ok, I understand who you mean now lol.
  • #7,480
  • Aug 9, 2011 10:09am Aug 9, 2011 10:09am
Quoting elliotrader
http://www.forexfactory.com/showthread.php?t=217281
there he teaches the method and on this current thread we post our chart and discuss our trades

read both before u start using this great method.

welcome aboard!!!
Elliot, you are my echo
I hear and I forget. I see and I remember. I do and I understand.
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