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Intraday price action trend trading

  • #9,381
  • Mar 2, 2012 1:15am Mar 2, 2012 1:15am
It certainly helps to look at the bigger TFs to get a better idea of what's happening on the bigger scale. It's the same for AU and GU this morning.
Attached Image (click to enlarge)
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  • #9,382
  • Mar 2, 2012 3:39am Mar 2, 2012 3:39am
Entered short after break of 4h inside bars and a test of this break. SL was at the maximum I like to take at 10 pips TP was at a support level on 4h chart.
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Click to Enlarge Name: 2nd Mar EU 5m Chart 2.jpg Size: 85 KB
  • #9,383
  • Mar 2, 2012 7:23am Mar 2, 2012 7:23am
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"To become a pro you have to think like a pro". Sho
  • #9,384
  • Mar 2, 2012 8:08am Mar 2, 2012 8:08am
Quoting Nanitoide
Attachment
Hi Nanitoide,

Can you give reasons for taking the trades please.
  • #9,385
  • Mar 2, 2012 9:04am Mar 2, 2012 9:04am
Quoting stevepatt
Hi Nanitoide,

Can you give reasons for taking the trades please.
Hi, stevepatt. Look at the picture below.

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"To become a pro you have to think like a pro". Sho
  • #9,386
  • Mar 2, 2012 9:10am Mar 2, 2012 9:10am
Attached Image (click to enlarge)
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"To become a pro you have to think like a pro". Sho
  • #9,387
  • Mar 2, 2012 9:55am Mar 2, 2012 9:55am
GBP/USD short

http://img194.imageshack.us/img194/5...312gbpusd1.gif

http://img210.imageshack.us/img210/7...312gbpusd2.gif

http://img696.imageshack.us/img696/9...312gbpusd3.gif
  • #9,388
  • Mar 2, 2012 10:12am Mar 2, 2012 10:12am
Quoting Nanitoide
Hi, stevepatt. Look at the picture below.

Attachment
Hi Nanitoide,

Thanks for that it helps to see your reasons for taking the trades. Nice trading.
  • #9,389
  • Mar 3, 2012 7:46am Mar 3, 2012 7:46am
Took the PB last friday. TP not reached and stoped out at BE. Maybe it would have been a better trademanagment to move the stop one pip above the IB after the big red candle?
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  • #9,390
  • Mar 3, 2012 8:06am Mar 3, 2012 8:06am
Quoting simplicity
Hi guys,

The trading month finished. I think it's time to review what I have done and what I have not done well. This is my performance in February.

http://img823.imageshack.us/img823/6244/summaryci.png

Strong points:
1. No overtrade. I only took trade I was confident and truly accepted the risk.
2. Implimented better Risk:Reward ratio. Although my win/loss ratio was only ~40/60, I did not lose much.
3. More disciplined. I had 8 consecutive losses but did not give...
Hey Simplcity

For me it doesnt look so bad.

I think Stevepatt is right. Trust your methode! And try to get better with this methode. Didnt Sho write he spend about 7 year to be a good trader?

I am not profitable too. Every weekend im looking at my trades. Looking for faults i made but also at good trades. Most money i lose when nothing happens and i am trading without any real setup (overtrading). For me it is hard to do nothing and just wait.

I whish all of you a lot of pips!
  • #9,391
  • Mar 4, 2012 3:41am Mar 4, 2012 3:41am
Quoting loog12us
Previous IB break to down side the pb was not clear , can you please explain how do you count this nice setup

...
i guess i'm late ... but look at the pictures...
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  • #9,392
  • Mar 4, 2012 10:46am Mar 4, 2012 10:46am
Hi all. I´m loking for an indicator that will show me the average tick size in actually bar. Does anyone have this indicator? Thank you.
  • #9,393
  • Mar 5, 2012 5:28am Mar 5, 2012 5:28am
EUR/USD Short
Entry

Trail SL

Stopped: -4p
Attached Image(s) (click to enlarge)
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  • #9,394
  • Mar 5, 2012 5:37am Mar 5, 2012 5:37am
Quoting simplicity
EUR/USD Short
Entry

Trail SL

Stopped: -4p
Hi Simply

I think you meand EUR/USD Long!? Didnt you?

I think today are the charts very volatile. Take a look at NZD/USD. It is today much smother and better to read. I got already 2 nice trades there.
  • #9,395
  • Mar 6, 2012 4:00am Mar 6, 2012 4:00am
Are there still any people here that have been trading the method for a while I need someone to review some trades of me and say what was good and what was wrong
  • #9,396
  • Mar 6, 2012 6:27am Mar 6, 2012 6:27am
Quoting feline207
Are there still any people here that have been trading the method for a while I need someone to review some trades of me and say what was good and what was wrong
just post your trades here and see what happens next
  • #9,397
  • Mar 6, 2012 6:52am Mar 6, 2012 6:52am
thanks for comments ,

I remember in sho's first thread 1st post he says he plays break of ib and some where after page 115 he said he also plays close of ib when playing aggressively.

Also i remember some where after the middle of threads he said when ib breaks to opposite side many people go anti trend so there will be some support

is my understanding right? Need your views on that one.

Quoting Gravi
i guess i'm late ... but look at the pictures...
Tough Times Never Last But Tough People Do
  • #9,398
  • Edited 1:01pm Mar 6, 2012 12:43pm | Edited 1:01pm
Ok, i have written my thoughts on the images.. Need your opinion if the entries were allright and about the exits - should i have left those trades to run in profit ? Those countertrend pinbars scared my a little and their retest looked like a perfect time to take some profit. Of course price continued in the desired direction after that but i couldnt know that, so maybe it is just a psychological issue. Was it a pure coincidende or not? Two trades were very much the same which leads me to a question which i havent been discussed before or at least in the first thread of the method which i read last week: How do you decide which pairs to trade? I don't know much about pairs correlation, but sometimes USD pairs mimic the trades like the above examples, in USDCHF we see the almost exact opposite move ot EURUSD at the same time. Do we need to take both trades of the USD pairs when we see they are the same? Are we taking unnecessary risk in that situation, doing pretty much the same thing in the opposite direction? Anyways, its a great way to trade, i thank sho and all the others for the valuable info and i am very open to learning the method and practice but i will need some guiding and help. Wish you all the best !
Attached Image(s) (click to enlarge)
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  • #9,399
  • Mar 6, 2012 6:06pm Mar 6, 2012 6:06pm
Quote
loog12us thanks for comments ,

I remember in sho's first thread 1st post he says he plays break of ib and some where after page 115 he said he also plays close of ib when playing aggressively.

Also i remember some where after the middle of threads he said when ib breaks to opposite side many people go anti trend so there will be some support

is my understanding right? Need your views on that one.

you got that very well...


Quoting feline207
Ok, i have written my thoughts on the images.. Need your opinion if the entries were allright and about the exits - should i have left those trades to run in profit ? Those countertrend pinbars scared my a little and their retest looked like a perfect time to take some profit. Of course price continued in the desired direction after that but i couldnt know that, so maybe it is just a psychological issue. Was it a pure coincidende or not? Two trades were very much the same which leads me to a question which i havent been discussed before or at least...
They are absolutely fine.. no one knows where it will stop..
as a trader our hardest part is to control ourself..
trust your self. whatever the out come stick with your plan ,allways follow your rules..
if any day is trending day,stay longer with the trades.choppy days- dont hold too long.
  • #9,400
  • Edited 4:46am Mar 7, 2012 12:54am | Edited 4:46am
Quoting feline207
Ok, i have written my thoughts on the images..
just follow your rules of exit... if your rule for exit : close the trade as PA shows any chance of reversal (pins,engulfing,divergences) ,then just get out. May be your rule is scaling out(just look at the Bouba's trades, he scales the trade out for 3 parts, the last 3d part he leaves to run..)
usd/chf and eur/usd are correlated tightly last time... you have to consider it before you enter the trade to calculate your lot size(risk first )
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