The sad thing for me is that some of my best trades have been the result of me losing access or getting called away. I just close out too soon usually. Glad the trade worked out. Best of luck with the PC - mine fried a few months back with a ...

intraday trend trading with price action

Looks a little bit sideways for my liking - got burned on GU yesterday forcing trades where there was no real slope. Hope it works for you.

intraday trend trading with price action

Yep, need to work on that.

intraday trend trading with price action

Yes, I think you're right. I've lost count of the times news has spoilt a great looking entry for me BUT look what happened yesterday when there was no news........

intraday trend trading with price action

Thanks Milton, I tend to use 2 pips below the bar for my stops which carried over from my days trading inside bars - they would often try for the stops 1 pip away. So yes, I was breaking the rules a bit. Glad you think I didn't completely screw up! ...

intraday trend trading with price action

Yes, for sure

intraday trend trading with price action

One other quick question please Sho. Should we always be taking trades around the channel lines? If price zooms off like this morning should we always wait for price to at least return to the top channel line before considering another trade? Thanks

intraday trend trading with price action

Hi Sho, Hope you can help me with this issue please - it made me close out on 2 very nice trades this morning. I entered long on GU this morning as indicated. The trade went a few pips in my favour but not enough to cover risk so I didn't move to ...

intraday trend trading with price action

Thanks for the quiz Sho. My responses below:

intraday trend trading with price action

Thanks for the helpful pointers Francis. I learned a lesson today from a few bad trades on GU. There was some decent bullish momentum and I convinced myself to trade the pull back but looking at it now the price was all over the place with no clear ...

intraday trend trading with price action

It has occurred to me that some of my trades today didn't actually fit the title of this thread at all - they were taken off the back of an impulse move and pull back and completely ignored the presence or not of an underlying 15M trend ie. a series ...

intraday trend trading with price action

Very nice trade Francis, well done.

intraday trend trading with price action

Thanks to all who tried the chat room today. I hope some of you found it a useful addition to the forum. We had quite a few discussions going at various times. A couple of "non-believers" from outside this forum popped in for a while - didn't manage ...

intraday trend trading with price action

Thanks for coming by Sho. Glad you had a rewarding day.

intraday trend trading with price action

I made a mistake here guys. I meant to say check out the same trade posted by TheRoper. That shows a nice channel line rejection but the K Channel settings are different to mine. Can others compare their charts against these 2 and see which channel ...

intraday trend trading with price action

Thanks for the settings Kurt. It looks like you have the same settings as me. Maybe the size of the channel is hard coded into our indicators? Hope you managed to get into the chat room - no spaces or no-alpha characters allowed in names. Dave

intraday trend trading with price action

If you check out the same trade on the EU chart posted by MJurban it looks like it follows Sho's rules - bottom channel line rejection. Different channel settings by the looks. What do you think?

intraday trend trading with price action

Thanks for posting those trades. It looks like your K Channel lines are much tighter than mine. Mine look like those of MJurban in the post above - check out the EU chart. Your last EU trade looked good with your channel lines but I didn't see the ...

intraday trend trading with price action

That massive GU pin bar was a surprise. The channel is still up and the pin bar sat on the central line. Stop too big for me to consider an entry unless it pulls back significantly first.

intraday trend trading with price action

Great stuff, glad you could make it.

intraday trend trading with price action