Hey, this is great. I think chat could work well and really help iron out the wrinkles in our implementation of the method. I was beginning to think that nobody really traded currencies in the UK. Certainly the chat rooms I've frequented in the past ...

intraday trend trading with price action

Agreed Bankshot. I also like to use volume (tick vol in FX of course) to confirm corrective moves. When I'm watching a corrective move I'm looking for smaller bars, some with tails to show a reluctance to fall/rise. I'm also hoping to see volume ...

intraday trend trading with price action

I trade GU and EU so that would work well IAK. Don't mind scanning a few others too if some people have other preferences but I agree it does get stressful. I'd like to ask Sho if he'd be happy for us to set up a chat room dedicated to the Sho way ...

intraday trend trading with price action

Thanks Sim, I think together we can really get this cracked. I like Sho's style as it's so natural and "goes with the flow" which I've always wanted to do. It also pulls together and uses much of the material I've learned over the years so it just ...

intraday trend trading with price action

Cheers IAK, great stuff. Your profile says you're UK based - is that correct? What pairs do you like to watch? Dave

intraday trend trading with price action

I'm really enjoying trading this way and will be doing so exclusively from now on (thanks Sho!). Lots of practice required of course. Just wondering if anyone would be available regularly to discuss Sho's teachings and potential setups on key pairs. ...

intraday trend trading with price action

I'm a little confused too in how we identify an impulse/corrective move. Could it be the presence of one or more momentum bars that makes an impulse move and the lack of momentum (smaller bars and/or bars with wicks) that defines a corrective move? ...

intraday trend trading with price action

Thanks for the advice Sho. Would you mind setting my mind straight on setup 10 and 12 on the attached chart please? Should I be cautious about taking a pin bar directly after a bearish bar like in these two cases? These kind of setups have been ...

intraday trend trading with price action

Hi Sim, Yep, I'm taking Sho's advice on board and will try to keep my stops to under 12 pips next week. I figured that on most of those entries I could do that. Number 11 I would probably have missed since it required a bigish stop and I would have ...

intraday trend trading with price action

Thanks for correcting my negative waves BankShot - I need to work on that.

intraday trend trading with price action

Here's my take on the trades - all long. Comments most welcome! I love this kind of thing Sho - let's do it again some time.

intraday trend trading with price action

Sho, Thanks for the brain teasers. I can't honestly say what I'd do in the circled area because: With no prior history and no channel lines to guide me, I can't tell if we're in a corrective move in an uptrend or an impulsive move in a downtrend. In ...

intraday trend trading with price action

I feel I've made a huge leap forward these last few days. Thank you Sho for showing the way....

intraday trend trading with price action

Thanks for the feedback Sho, a big lesson learned there I hope. I must admit I completely missed that inside bar and probably wouldn't have realised the significance even if I had. I'd be interested to know what size stops you generally ...

intraday trend trading with price action

I've got my wife hounding me. Gotta fly. Be back later. Good trading all.

intraday trend trading with price action

You were right on iak, nice one.

intraday trend trading with price action

Standing by Sho! Thanks

intraday trend trading with price action

Lots of bearish bars recently but channel not turned over enough yet perhaps? Maybe we should wait for a break of the 1.35 level followed by a rejection of the bottom channel line?

intraday trend trading with price action

Where is everyone? I was kind of hoping we'd get some real time discussions going today. Is anyone watching EU and GU today?

intraday trend trading with price action

I think you might be right there iak. It certainly does hurt losing 2 lots of 18/20 pips. I'm not being too picky at the moment and hopefully I'll get a feel for what works and what doesn't. I'm keeping a log of course with all the relevant facts so ...

intraday trend trading with price action