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Trade what you see NOT what you expect

  • #401
  • Feb 26, 2009 12:55pm Feb 26, 2009 12:55pm
Quoting Infinity
That where I closed out my trade bro!... right at the m15 50... I am on the sides again for now!
I took profit at 4300 on half of my half position with the rest still at +3. This was set before I went to lunch. I'm looking now for either a retest of the 15m 50ema or she'll continue to rise and take me out. I'm also waiting for the 1h candle to close for further direction.

Good job on your short bro! I probably should have taken full profit at 4300.
Just digging in the trenches like everyone else!
  • #402
  • Feb 26, 2009 12:56pm Feb 26, 2009 12:56pm
Quoting Infinity
That where I closed out my trade bro!... right at the m15 50... I am on the sides again for now!
Twins in deed we are bro!
Just digging in the trenches like everyone else!
  • #403
  • Feb 26, 2009 1:01pm Feb 26, 2009 1:01pm
Quoting Infinity
That where I closed out my trade bro!... right at the m15 50... I am on the sides again for now!
I know you play the same setup as me with the cross back over the 15m 35sma/50ema, do you have anything you think I've missed on explaining this setup?
Just digging in the trenches like everyone else!
  • #404
  • Feb 26, 2009 1:19pm Feb 26, 2009 1:19pm
If your in a position, please make sure your covered. She can pop hard anytime. She's coming in tight and could move either way. I still have a short position, it's covered green, but I don't know atm where she's going. No strong candles right now.
Just digging in the trenches like everyone else!
  • #405
  • Feb 26, 2009 3:01pm Feb 26, 2009 3:01pm
I'm still holding my short position, not much left in it, but it's still open.
Just digging in the trenches like everyone else!
  • #406
  • Feb 26, 2009 3:07pm Feb 26, 2009 3:07pm
Just got back from a horse ride. Been gone most of the day. It looks like she's been in a tight range today. Maybe I'm lucky I missed the action. Is she going to be able to pop back up through the ma's?
Hi, my name is Barry and you can keep your doctor...
  • #407
  • Feb 26, 2009 3:26pm Feb 26, 2009 3:26pm
Quoting cisco
Just got back from a horse ride. Been gone most of the day. It looks like she's been in a tight range today. Maybe I'm lucky I missed the action. Is she going to be able to pop back up through the ma's?
Welcome back from your ride! I would say you had a better day riding than trading. She's definately tight right now. Will she bounce back up? I don't know, I'm holding a small short position from 4359 and covered at +3. I can see her going up, but she created a nice top on the 1h chart around 4370. I'm not ruling out another test of 4150 before heading back northbound.
Just digging in the trenches like everyone else!
  • #408
  • Feb 26, 2009 3:30pm Feb 26, 2009 3:30pm
It looks like she'll have a little fight to get through 4290-4275. Maybe a little pop north from there.
Hi, my name is Barry and you can keep your doctor...
  • #409
  • Feb 26, 2009 3:33pm Feb 26, 2009 3:33pm
Quoting cisco
It looks like she'll have a little fight to get through 4290-4275. Maybe a little pop north from there.
Agree! There's heavy traffic south and heavy traffic north.
Just digging in the trenches like everyone else!
  • #410
  • Feb 26, 2009 5:40pm Feb 26, 2009 5:40pm
Quoting eohater
I know you play the same setup as me with the cross back over the 15m 35sma/50ema, do you have anything you think I've missed on explaining this setup?
Hey bro! Sorry for the belated response... I have been very busy since my last post... I think you have explained the setups quite well several times in this and the cable thread...

Great job with your short btw!!
Patience + Discipline - Greed = Success
  • #411
  • Feb 26, 2009 10:45pm Feb 26, 2009 10:45pm
Because of my Monthly and Weekly candles......

But it is Friday and anything can happen.

Catch ya in the US Session!! :nerd:

HOLLA
  • #412
  • Edited 7:50am Feb 27, 2009 7:31am | Edited 7:50am
Quoting eohater
Here's one real quick before I head out.
This post really helped me, the point you make about the crossing over the MAs, and then going to retest and rejecting it, makes a whole load of sense.
Seems obvious, but sometimes you just need someone to point out the obvious to you.

Did some backtesting and you tend to see this behaviour everywhere, 15M charts, hourly charts, daily charts, take your pick.

Thanks.
  • #413
  • Feb 27, 2009 8:39am Feb 27, 2009 8:39am
Quoting Infinity
Hey bro! Sorry for the belated response... I have been very busy since my last post... I think you have explained the setups quite well several times in this and the cable thread...

Great job with your short btw!!
Thanks bro! My remaining shorts closed out at 4200. I'm looking for a new seat atm.
Just digging in the trenches like everyone else!
  • #414
  • Feb 27, 2009 8:40am Feb 27, 2009 8:40am
Quoting Turtle
Because of my Monthly and Weekly candles......

But it is Friday and anything can happen.

Catch ya in the US Session!! :nerd:

HOLLA
What's up bro! You pointed out a key fact that everyone needs to pay attention to. It's end of month and end of the week. Anything can happen today, we need good clean setups and nothing less.
Just digging in the trenches like everyone else!
  • #415
  • Feb 27, 2009 8:45am Feb 27, 2009 8:45am
Quoting daffy
This post really helped me, the point you make about the crossing over the MAs, and then going to retest and rejecting it, makes a whole load of sense.
Seems obvious, but sometimes you just need someone to point out the obvious to you.

Did some backtesting and you tend to see this behaviour everywhere, 15M charts, hourly charts, daily charts, take your pick.

Thanks.
Glad it finally made you go aha!
Just digging in the trenches like everyone else!
  • #416
  • Feb 27, 2009 8:49am Feb 27, 2009 8:49am
GOOD MORNING EO...would you take a look at the 3:15 am est candle and tell me if you would consider that a PA candle...or does the previous long wick invalidate it..???

wishing all green pips today...
  • #417
  • Feb 27, 2009 9:04am Feb 27, 2009 9:04am
Quoting rt4x
GOOD MORNING EO...would you take a look at the 3:15 am est candle and tell me if you would consider that a PA candle...or does the previous long wick invalidate it..???

wishing all green pips today...
Good morning! I would have considered that candle for PA. Looking at the 1h chart, there was some support at the 418x area, the prior 15m candle was rejected pretty hard, the hammer your referring to was a setup I would have taken if I wasn't in a trade. Unfortunately, it would have been a loss. I didn't go and look at the 4h charts, but I would have been willing to take the trade.
Just digging in the trenches like everyone else!
  • #418
  • Feb 27, 2009 9:07am Feb 27, 2009 9:07am
Quoting eohater
Good morning! I would have considered that candle for PA. Looking at the 1h chart, there was some support at the 418x area, the prior 15m candle was rejected pretty hard, the hammer your referring to was a setup I would have taken if I wasn't in a trade. Unfortunately, it would have been a loss. I didn't go and look at the 4h charts, but I would have been willing to take the trade.
Thanks...well waiting for a seat now....
  • #419
  • Feb 27, 2009 9:07am Feb 27, 2009 9:07am
Guys, the US Session is looking to become a bullish session. Look at your 4h charts, closed candles and the bottom.
Just digging in the trenches like everyone else!
  • #420
  • Feb 27, 2009 9:12am Feb 27, 2009 9:12am
Quoting eohater
Guys, the US Session is looking to become a bullish session. Look at your 4h charts, closed candles and the bottom.
As it is a rising price..what do we look for in terms of PA candle? I have less problem recognizing PA candle on reversal...but how about continuation like now???

BTW...I have printed most of the charts you have posted here and am studying one by one....your efforts are truly appreciated here !
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