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Trade what you see NOT what you expect

  • #301
  • Feb 25, 2009 10:42am Feb 25, 2009 10:42am
I'm on the long bus at 4255, I only put half my normal position on this trade. My SL is at 4220. We have some traffic to get thru to continue this upward movement.
Just digging in the trenches like everyone else!
  • #302
  • Feb 25, 2009 10:47am Feb 25, 2009 10:47am
I'm not a major fan of metatrader, but here's a metatrader platform that has the DOW, dollar index, S&P, EUR Index.

http://www.forexltd.co.uk/trade/mt4
Just digging in the trenches like everyone else!
  • #303
  • Feb 25, 2009 10:48am Feb 25, 2009 10:48am
Quoting eohater
I'm on the long bus at 4255, I only put half my normal position on this trade. My SL is at 4220. We have some traffic to get thru to continue this upward movement.
What triggered the 4255? Is it the bounce off the same location as the two 15m candles of about an hour ago?
  • #304
  • Feb 25, 2009 10:50am Feb 25, 2009 10:50am
Hey bro! Here's the rumus template... Let me know how it works...
Attached File(s)
File Type: zip GbpUsd.zip   72 KB | 403 downloads
Patience + Discipline - Greed = Success
  • #305
  • Feb 25, 2009 10:55am Feb 25, 2009 10:55am
Quoting nyjetfan
What triggered the 4255? Is it the bounce off the same location as the two 15m candles of about an hour ago?
It was the middle of the bullish candle that failed to get through the 15m 5ema.
Just digging in the trenches like everyone else!
  • #306
  • Feb 25, 2009 10:57am Feb 25, 2009 10:57am
Quoting eohater
It was the middle of the bullish candle that failed to get through the 15m 5ema.
These are riskier trades!! The failure to get through the 15m 5ema indicates there is still selling pressure. No price action to confirm the entry, just speculation if you will. This is why I only went in with half my normal position.
Just digging in the trenches like everyone else!
  • #307
  • Feb 25, 2009 11:03am Feb 25, 2009 11:03am
Quoting Infinity
Hey bro! Here's the rumus template... Let me know how it works...
Thanks bro! Once I get back from lunch, I'll get it applied.
Just digging in the trenches like everyone else!
  • #308
  • Feb 25, 2009 12:39pm Feb 25, 2009 12:39pm
Current 15m candle is getting my buy finger ready. Candle has to close first!!
Just digging in the trenches like everyone else!
  • #309
  • Feb 25, 2009 12:42pm Feb 25, 2009 12:42pm
Here's the candle. Mind you it's not closed yet, but it's making me ready to buy again. 4m til close.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 136 KB
Just digging in the trenches like everyone else!
  • #310
  • Feb 25, 2009 12:42pm Feb 25, 2009 12:42pm
Quoting eohater
Current 15m candle is getting my buy finger ready. Candle has to close first!!
I am with you EO...thanks...

you always say you do not hesitate to pull trigger when u see this set up....
  • #311
  • Feb 25, 2009 12:45pm Feb 25, 2009 12:45pm
Soldiers are long from 4203.
Just digging in the trenches like everyone else!
  • #312
  • Feb 25, 2009 12:47pm Feb 25, 2009 12:47pm
Quoting rt4x
I am with you EO...thanks...

you always say you do not hesitate to pull trigger when u see this set up....
I don't hesitate bro! Don't get me wrong, we could be stopped out and back long again at 4155, but I'm fine with that. I take the setup, it works. Not to jinx the move, but I'm green already and I'm sure you are as well!
Just digging in the trenches like everyone else!
  • #313
  • Feb 25, 2009 12:49pm Feb 25, 2009 12:49pm
Quoting eohater
I don't hesitate bro! Don't get me wrong, we could be stopped out and back long again at 4155, but I'm fine with that. I take the setup, it works. Not to jinx the move, but I'm green already and I'm sure you are as well!
Do you move your stop loss to be or +2 once candle closes above 5 ema?
be = BE
  • #314
  • Feb 25, 2009 1:03pm Feb 25, 2009 1:03pm
Quoting rt4x
Do you move your stop loss to be or +2 once candle closes above 5 ema?
be = BE
You can, but I like it one we get above the 10ema or 2 candles past my entry.
Just digging in the trenches like everyone else!
  • #315
  • Feb 25, 2009 1:16pm Feb 25, 2009 1:16pm
Quoting eohater
Soldiers are long from 4203.
Looks like I should have taken the profit when I had it. My SL is below 4150, I will add to this position should we go down more. I'm pulling 4150 off the 1h chart for support.
Just digging in the trenches like everyone else!
  • #316
  • Feb 25, 2009 1:20pm Feb 25, 2009 1:20pm
Quoting eohater
Looks like I should have taken the profit when I had it. My SL is below 4150, I will add to this position should we go down more. I'm pulling 4150 off the 1h chart for support.
I wimped out. I closed out +3.
Hi, my name is Barry and you can keep your doctor...
  • #317
  • Feb 25, 2009 1:21pm Feb 25, 2009 1:21pm
Quoting cisco
I wimped out. I closed out +3.
I'm still on the table with my soliders. I should have taken the 25 and reentered.
Just digging in the trenches like everyone else!
  • #318
  • Feb 25, 2009 1:27pm Feb 25, 2009 1:27pm
Quoting eohater
I'm still on the table with my soliders. I should have taken the 25 and reentered.
You're okay, price is moving north again. The dow is moving back up, so this might be a good trade after all.
Hi, my name is Barry and you can keep your doctor...
  • #319
  • Feb 25, 2009 1:29pm Feb 25, 2009 1:29pm
Quoting cisco
You're okay, price is moving north again. The dow is moving back up, so this might be a good trade after all.
I feel it's a good trade! I'm also playing this off the 1h chart prior price action. Hold on, I'll post a chart showing the PA I'm talking about.
Just digging in the trenches like everyone else!
  • #320
  • Feb 25, 2009 1:36pm Feb 25, 2009 1:36pm
Notice the candle I have circled in green on the left side of this chart. Prior PA candle. I'm playing my current longs with this as support as well. Current 1h chart is not supportive of a fast movement north. This is as well, why I'm keeping my SL below 4150.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 131 KB
Just digging in the trenches like everyone else!
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