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Trade what you see NOT what you expect

  • #481
  • Feb 27, 2009 1:35pm Feb 27, 2009 1:35pm
EO...would you agree that bias is turning bearish...looking at MAs beginning to point to 3 on the clock....?
  • #482
  • Feb 27, 2009 1:55pm Feb 27, 2009 1:55pm
Quoting rt4x
EO...would you agree that bias is turning bearish...looking at MAs beginning to point to 3 on the clock....?
In deed! Also, it's the end of the day, we have 2hrs of trading time left. Positions are going to get squared up here.
Just digging in the trenches like everyone else!
  • #483
  • Feb 27, 2009 1:56pm Feb 27, 2009 1:56pm
GBP_USD Spot.png

hi EoH
well Dollar weakened as we thought yesterday,but it is the last trading day of the month,and also a Daily Pin set up.....suggesting further weakness?
but also like to point out,price has now caught the underside Of the Rising TrendLine.
lets see on Monday now.
take care

baz
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  • #484
  • Feb 27, 2009 1:59pm Feb 27, 2009 1:59pm
Quoting baz
GBP_USD Spot.png

hi EoH
well Dollar weakened as we thought yesterday,but it is the last trading day of the month,and also a Daily Pin set up.....suggesting further weakness?
but also like to point out,price has now caught the underside Of the Rising TrendLine.
lets see on Monday now.
take care

baz
Hi Baz,

The dollar did weaken today as we talked about yesterday, but as we both know, longs and shorts can make money together, it's all about the entry. Next week will be interesting! I'll be reviewing my monthly, weekly, daily charts this evening. I'll have a better post then once I get them under review.
Just digging in the trenches like everyone else!
  • #485
  • Feb 27, 2009 2:00pm Feb 27, 2009 2:00pm
Quoting eohater
Long again from 4326. this is probably my last trade of the day. I'll let everyone know if I take another one.
+3 on this and I'm ready to buy beers around. Not a great day! I'm finding it challenging to trade and post together, but I'll adapt.
Just digging in the trenches like everyone else!
  • #486
  • Feb 27, 2009 2:02pm Feb 27, 2009 2:02pm
Quoting eohater
Hi Baz,

The dollar did weaken today as we talked about yesterday, but as we both know, longs and shorts can make money together, it's all about the entry. Next week will be interesting! I'll be reviewing my monthly, weekly, daily charts this evening. I'll have a better post then once I get them under review.
Absouletley Buddy,indeed i had 2 trades,SHORT LONDON open,and after News on the US session...Long.

baz
  • #487
  • Feb 27, 2009 2:06pm Feb 27, 2009 2:06pm
Quoting baz
Absouletley Buddy,indeed i had 2 trades,SHORT LONDON open,and after News on the US session...Long.

baz
I had a short left open, small position only 2 lots, from yesterday's US Session that closed out at 4200 from 4359 and had some small trades during the US Session. Not a major hitting day for me.

Next week will be a whole new battle and we'll bring in the pips again.

Good job on your 2 trades! You picked 'em nice!!

EO
Just digging in the trenches like everyone else!
  • #488
  • Feb 27, 2009 2:07pm Feb 27, 2009 2:07pm
Quoting eohater
+3 on this and I'm ready to buy beers around. Not a great day! I'm finding it challenging to trade and post together, but I'll adapt.
EO...we truly thank your efforts in posting and absolutely understand that your trading comes first.....any insight will ALWAYS be appreciated...enjoy your weekend....
  • #489
  • Feb 27, 2009 2:09pm Feb 27, 2009 2:09pm
Quoting rt4x
EO...we truly thank your efforts in posting and absolutely understand that your trading comes first.....any insight will ALWAYS be appreciated...enjoy your weekend....
Thank you!

Enjoy your weekend as well! We'll battle again next week. Could be looking at breaking 4100 next week.
Just digging in the trenches like everyone else!
  • #490
  • Feb 27, 2009 2:12pm Feb 27, 2009 2:12pm
Quoting eohater
I had a short left open, small position only 2 lots, from yesterday's US Session that closed out at 4200 from 4359 and had some small trades during the US Session. Not a major hitting day for me.

Next week will be a whole new battle and we'll bring in the pips again.

Good job on your 2 trades! You picked 'em nice!!

EO
yes Eoh, i trade mainly the 1 hr TF,BUT analysis comes on the HTFs....
yes it can be slightly challenging,advising on potential trades and also trading at the same time,BUT kudos to you for doing it .......

baz
  • #491
  • Mar 2, 2009 7:19am Mar 2, 2009 7:19am
Here's what I'd consider a textbook EO reversal trade. Go long at first green candle (trigger was red candle with long lower wick).

Note: I didn't catch this trade as I was working on something else at the time. Besides, what would I do with 35 pips (and counting)? Grrr... (mutters to himself - pay attention stupid!!)
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  • #492
  • Mar 2, 2009 8:37am Mar 2, 2009 8:37am
Quoting nyjetfan
Here's what I'd consider a textbook EO reversal trade. Go long at first green candle (trigger was red candle with long lower wick).

Note: I didn't catch this trade as I was working on something else at the time. Besides, what would I do with 35 pips (and counting)? Grrr... (mutters to himself - pay attention stupid!!)
I do that too, I see something on a chart and call it an EO Trade
  • #493
  • Mar 2, 2009 8:55am Mar 2, 2009 8:55am
Good morning everyone! I'm getting a late start today. Sorry, let me take a look at my charts.
Just digging in the trenches like everyone else!
  • #494
  • Mar 2, 2009 9:01am Mar 2, 2009 9:01am


Morning.
  • #495
  • Mar 2, 2009 9:01am Mar 2, 2009 9:01am
Well, we've had a nice movement since we opened yesterday. I hope some of you caught the pippage. I just took a small position at 4060 long.
Just digging in the trenches like everyone else!
  • #496
  • Mar 2, 2009 9:05am Mar 2, 2009 9:05am
Quoting eohater
Well, we've had a nice movement since we opened yesterday. I hope some of you caught the pippage. I just took a small position at 4060 long.
Covering position at +3 now, 1st TP at 4100, next at 4150.
Just digging in the trenches like everyone else!
  • #497
  • Mar 2, 2009 9:08am Mar 2, 2009 9:08am
Do you think it's likley to test 4035 again?
  • #498
  • Mar 2, 2009 9:09am Mar 2, 2009 9:09am
Quoting Si Tr4d3r
Do you think it's likley to test 4035 again?
Quite possibly and break it even. 4000 is a strong area, but it can give way.
Just digging in the trenches like everyone else!
  • #499
  • Mar 2, 2009 9:13am Mar 2, 2009 9:13am
+3 YEAH!! More beer! The selling pressure is very strong guys.
Just digging in the trenches like everyone else!
  • #500
  • Mar 2, 2009 9:14am Mar 2, 2009 9:14am
Quoting eohater
Quite possibly and break it even. 4000 is a strong area, but it can give way.
Was short from 4099, got stopped out by 2 pips was waiting for 3rd test of support.
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