Living on the edge Well done!

Intraday price action trend trading

Yes the remaining 50% of my position was stopped out at BE before the budget began. Nice try though

Intraday price action trend trading

All trades closed except the short at 1.4746 with SL at BE.

Intraday price action trend trading

4hr view of targets — The remaining 50% of my 1st entry today is up 42 pips with SL set at BE. Two other short positions also open. Below is what I see on the 4hr chart. Take a look at a daily chart to be reminded of yesterday's bearish ...

Intraday price action trend trading

Absolutely Eric. Now let's look for more clean and simple entries. Good luck my friend Rob

Intraday price action trend trading

I entered aggressively early and have closed 50% of position at +30. The rest will run with SL at BE. 15 min trend is down - don't fight it. Eyes open for more short entry points using Sho's method. Rob

Intraday price action trend trading

A Defining Moment for Cable — Perhaps this morning is a defining moment for Cable. The chart below explains. Will this be the time for a break of the trendline best seen on the 4hr chart? Trade with care - tight stops - 15 min bars will show ...

Intraday price action trend trading

Eric, Great review of yesterday's offering by the market. As we have seen, there were even more classic Sho entries after you posted. All with limited risk and high probability. From 1.49 it was just a matter of flowing down with the 15 min trend. ...

Intraday price action trend trading

Dan, All the best with the intraday strategy. You might find some useful information here - which trade price (Sho) teaches . In a nutshell, his method is based on 15 min chart momentum, price action and S&R off the 15 min & 4hr charts. Regards, Rob

DanUK Trend Trading Journal 2010

Brett Steenbarger - Trading Psychology Articles & Audio Presentation — Brett Steenbarger has perhaps the largest free collection of trading psychology articles on the net, and are available for downloading at ...

intraday trend trading with price action

Hey thanks Eric I appreciate that. I went out, and after 4hrs came home to price is in the same place! Thanks again for the PMs my friend! Rob

Intraday price action trend trading

Fxfighter, We are all different traders and we trade according to our personalities and what we can see. The only important thing common for all of us is that we are consistent winners. All the best with the remainder of the day guys. I have to go ...

Intraday price action trend trading

When I look back and see what happened between now and then, I can see that I had no reason to exit the trade so early, when looking at the charts Sho posted this week. We live and learn

Intraday price action trend trading

... we had the false breakout Below are 2 charts. I went long off the 15 min bar as shown. It's not a perfect outside bar but it was good enough bullish price action for me as I was on my guard for a false breakout and it was possible that the 61fib ...

Intraday price action trend trading

False breakout? — Let's see if that was a false breakout before GB news (supported at 61 fib and previous S&R) ... or whether we are REALLY heading down.

Intraday price action trend trading

Nice charts Eric. I've added a few of my observations to your GBPUSD chart. Namely the S&R zone & fib level. Rob

Intraday price action trend trading

All 5 positions stopped out for profit at a break below the IB which followed the last bullish momentum bar.

Intraday price action trend trading

Well spotted Eric I'm watching all my positions closely.

Intraday price action trend trading

GBPUSD Intraday Target : 1.49 — Cable is enjoying good upward momentum and I have accumulated 4 open positions when the opportunities presented themselves through price action on the 15 min chart (which Sho teaches). Putting my neck on the ...

Intraday price action trend trading

Nice work Eric! Some lovely opportunities in this NY session

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