Morning Sho!

Intraday price action trend trading

Thanks Francis, this is what I need to learn....when to get out early. Are you basing your early exit on 1M price action? - I have been watching it.

Intraday price action trend trading

Thanks Rob. I agree we should stick to our own rules and work within our own comfort zone. I was raising the point because the Sho rules state the stop should always be above/below the signal bar. This is keeping me out of many IB setups which is ...

Intraday price action trend trading

I took that GU IB short for +40 but felt very uneasy about it. It should have had a 32 pip stop but I winged it with a 15 pipper. I see you guys regularly taking IB entries that I can't take because of the stops required. In fact I can hardly think ...

Intraday price action trend trading

Don't let that post get to you Eric. You make a valuable contribution here and the place would be a lot quieter without your regular input. Keep it up.

Intraday price action trend trading

Bye Sho, thanks for your help. Have a relaxing weekend.

Intraday price action trend trading

Thanks for the help Sho, I must start counting moves more often. I think the problem is I'm not confident in my wave counts. I get confused as to whether single green bars like the doji on the EU fall are classed as a wave in themselves. I do count ...

Intraday price action trend trading

You really are a thief City! - quick in and out seems to work very well for you. Maybe I'm being too greedy. Cheers Dave

Intraday price action trend trading

Appreciate the useful feedback Sho, I will get there in the end! Here are all my trades from today. Would be good to know what you think of my approach and whether I could have avoided the losses. Would also be nice to know if I missed any ...

Intraday price action trend trading

Well done City, that's a nice result for the day. When I grow up I want to be just like you. I must admit I'm struggling a bit. I'm picking the correct entries and should be doing quite well but I let too many decent trades turn back and stop me ...

Intraday price action trend trading

Nice trade City. Not sure if momentum was with you at that point but you do seem to get away with it!

Intraday price action trend trading

Thanks Sho, you're a good teacher.

Intraday price action trend trading

Sorry Sho, I think we might be talking about different trades. The one I skipped is marked with a big red arrow below. Was it right to skip this because of the conditions mentioned? Thanks

Intraday price action trend trading

Sho, I skipped this short trade for the reasons shown. Was I wrong? Thanks

Intraday price action trend trading

Quite poor City, down 9. The crazy thing is I got in on the GU and EU fall on the signal bars after the big red momentum set in but of course got out far too early. I've got a long way to go I think but at least I'm picking the correct setups now.

Intraday price action trend trading

Double bottom and divergence on EU/GU 15M at the moment? Do you think we're in for a decent retrace now?

Intraday price action trend trading

Glad you could make something out of it. I had my stop 2 pips below the low.

Intraday price action trend trading

I took that too Peter with a stop of 14. Was holding out for +28 to make it 1:2 R:R. Came right back on me and stopped out B/E. I was only 1.5 pips off the target too. Didn't think it would break back across R/N. Need to work on my profit taking me ...

Intraday price action trend trading

Great lesson today Sho, thanks.

Intraday price action trend trading

Sho, Thanks for those great responses you posted in the main thread. Still much to learn but making progress I think. Cheers, Dave

Intraday price action trend trading