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Intraday price action trend trading

  • #8,761
  • Nov 22, 2011 4:50am Nov 22, 2011 4:50am
This one is a loss
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,762
  • Edited 5:09am Nov 22, 2011 4:59am | Edited 5:09am
2/3 position at TP1

1/6 at TP2

I let the last 1/6 posisiton at BE for a runner, H1 and H4 is in good down trend and good red momentum so i try. Let see

Edit: Finally the last 1/6 part is a BE
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,763
  • Nov 22, 2011 5:43am Nov 22, 2011 5:43am
Just my 2 pips
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,764
  • Nov 22, 2011 8:00am Nov 22, 2011 8:00am
I learn it all from Sho.God Bless Him
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  • #8,765
  • Nov 22, 2011 1:06pm Nov 22, 2011 1:06pm
Quoting PandaBBQ
Someone named it 1-2-3 reversal. Your RR is greater than 1:1, good for any type of trading!
that "someone" is Victor Sperandeo
  • #8,766
  • Nov 23, 2011 7:53am Nov 23, 2011 7:53am
Hey guys,u gotta love Sho for teaching us his wisdom and experience in the markets..
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  • #8,767
  • Nov 23, 2011 9:23am Nov 23, 2011 9:23am
Hello!
My day trading:

http://savepic.su/786567m.gifhttp://savepic.su/793735m.gifhttp://savepic.su/846982m.gif

Result: +605 pips.

http://savepic.su/844934m.gif
"To become a pro you have to think like a pro". Sho
  • #8,768
  • Nov 23, 2011 9:40am Nov 23, 2011 9:40am
Nice result.
  • #8,769
  • Nov 23, 2011 12:44pm Nov 23, 2011 12:44pm
Short tf +11tick.

downtrend--->rang--->resistance--->tweezer.
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  • #8,770
  • Nov 23, 2011 12:46pm Nov 23, 2011 12:46pm
Short tf +14ticks.

downtrend--->rang--->resistance--->pinbar.
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  • #8,771
  • Nov 23, 2011 1:00pm Nov 23, 2011 1:00pm
Hi!

My name is Chris. I´m from germany.

I started reading Sho´s first threat "intraday trend trading with price action " about a half year ago. Now im finished but going to read it again. Im trading a lot in my demo account. I had some very god trades but most trades stoped out. I will post some of my bad trades here, hope you will tell me if there is somthing wrong. And maybe you can learn from my mistakes.

I trade only the A+ setups and the IB break Sho explainted.

Here is my first Chart:
I see a lot of setups. I think to many. Maybe i´m overtrading.
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  • #8,772
  • Nov 23, 2011 1:03pm Nov 23, 2011 1:03pm
Only one trade for today, happy that it is a winner
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,773
  • Nov 23, 2011 1:33pm Nov 23, 2011 1:33pm
Quoting boubafx
Only one trade for today, happy that it is a winner
heh.. that's the big bear flag breakout .. and you played just inside the flag really nice channel play..
but you hold 2 long the trade while it was "loosing".. what about sho's "3 negative bars" rule?
  • #8,774
  • Nov 23, 2011 2:28pm Nov 23, 2011 2:28pm
Quoting Gravi
heh.. that's the big bear flag breakout .. and you played just inside the flag really nice channel play..
but you hold 2 long the trade while it was "loosing".. what about sho's "3 negative bars" rule?
Hey gravi, how are you my friend.

Well, i don't respect exactly Sho's rule. I little by little build my own way to trade, the way that completely suit me.

For example, the stop just above/below the signal bar don't suit me.

I see that Sho and others have great results with this rules, but more than often i was stopped in a trade which go in my direction just after my stop was touched. And i don't like that

But it's just me, we are all different and we all must find the way to trade which suit us.
I hear and I forget. I see and I remember. I do and I understand.
  • #8,775
  • Nov 23, 2011 2:37pm Nov 23, 2011 2:37pm
Quoting boubafx
Hey gravi, how are you my friend.

Well, i don't respect exactly Sho's rule. I little by little build my own way to trade, the way that completely suit me.

For example, the stop just above/below the signal bar don't suit me.

I see that Sho and others have great results with this rules, but more than often i was stopped in a trade which go in my direction just after my stop was touched. And i don't like that

But it's just me, we are all different and we all must find the way to trade which suit us.
you are right.... i set my SL about 5 pips above/below... that's the matter of personal comfort
  • #8,776
  • Nov 23, 2011 3:05pm Nov 23, 2011 3:05pm
Quoting boubafx
Hey gravi, how are you my friend.

Well, i don't respect exactly Sho's rule. I little by little build my own way to trade, the way that completely suit me.

For example, the stop just above/below the signal bar don't suit me.

I see that Sho and others have great results with this rules, but more than often i was stopped in a trade which go in my direction just after my stop was touched. And i don't like that

But it's just me, we are all different and we all must find the way to trade which suit us.

I agree. I set my sl of 6-9ticks according to the mkt context and my tp. Notice, im using smaller timeframe and the tp is small too.
  • #8,777
  • Nov 23, 2011 3:16pm Nov 23, 2011 3:16pm
Quoting Clean Chart
Hi!

My name is Chris. I´m from germany.

I started reading Sho´s first threat "intraday trend trading with price action " about a half year ago. Now im finished but going to read it again. Im trading a lot in my demo account. I had some very god trades but most trades stoped out. I will post some of my bad trades here, hope you will tell me if there is somthing wrong. And maybe you can learn from my mistakes.

I trade only the A+ setups and the IB break Sho explainted.

Here is my first Chart:
I see a lot of setups. I think to many. Maybe...
Hope it could help you.

look the chart
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Attached Image
I hear and I forget. I see and I remember. I do and I understand.
  • #8,778
  • Nov 23, 2011 4:08pm Nov 23, 2011 4:08pm
Another chart for you Chris
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I hear and I forget. I see and I remember. I do and I understand.
  • #8,779
  • Nov 23, 2011 4:47pm Nov 23, 2011 4:47pm
Quoting Clean Chart
Hi!

Here is my first Chart:
I see a lot of setups. I think to many. Maybe i´m overtrading.
I think it depends on what type of PA traders u are.

As scalping, it required a lot for the precision. Only open the trades at S&R and BE when price hits ur first tp(i mean, the next nearest SR line) There r two chances of enteries in my eyes, and its better to enter at the pullback of a pinbar.

Again, still should leave some space of sl that allow price to breath.

However, u dont need to trade like my way (the tp is limited somehow). It all depends on what kind of person u r --- ur personality.
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  • #8,780
  • Nov 23, 2011 4:51pm Nov 23, 2011 4:51pm
Quoting PandaBBQ
I think it depends on what type of PA traders u are.

As scalping, it required a lot for the precision. Only open the trades at S&R and BE when price hits ur first tp(i mean, the next nearest SR line) There r two chances of enteries in my eyes, and its better to enter at the pullback of a pinbar.

Again, still should leave some space of sl that allow price to breath.

However, u dont need to trade like my way (the tp is limited somehow). It all depends on what kind of person u r --- ur personality.
The red dot line is the sl for second entry.
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