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Trade what you see NOT what you expect

  • #741
  • Mar 3, 2009 10:29am Mar 3, 2009 10:29am
Quoting Infinity
That's right bro... it is the next close that should give us more solid confirmation though as it may have already played out with the rejection off 3992 area...
Thanks bro! I should be able to see that.
Just digging in the trenches like everyone else!
  • #742
  • Mar 3, 2009 10:30am Mar 3, 2009 10:30am
Quoting eohater
Thanks bro! I should be able to see that.
Patience + Discipline - Greed = Success
  • #743
  • Mar 3, 2009 10:32am Mar 3, 2009 10:32am
Quoting Infinity

All longs closed out at 4032. Now it's time for a new setup.
Just digging in the trenches like everyone else!
  • #744
  • Mar 3, 2009 10:37am Mar 3, 2009 10:37am
Quoting eohater
All longs closed out at 4032. Now it's time for a new setup.
Nothing wrong with that bro.. I have to go on the road for a while... good luck with your trades.. talk to you later....
Patience + Discipline - Greed = Success
  • #745
  • Mar 3, 2009 10:41am Mar 3, 2009 10:41am
Quoting Infinity
Nothing wrong with that bro.. I have to go on the road for a while... good luck with your trades.. talk to you later....
See ya bro! We'll catch up later! Good trading today!
Just digging in the trenches like everyone else!
  • #746
  • Mar 3, 2009 10:44am Mar 3, 2009 10:44am
Anyone holding a position atm? I'm watching 3975. We have prior 15m PA there which could come into play.
Just digging in the trenches like everyone else!
  • #747
  • Mar 3, 2009 10:45am Mar 3, 2009 10:45am
Quoting eohater
Anyone holding a position atm? I'm watching 3975. We have prior 15m PA there which could come into play.
I kept a long at 4041....willing to add to it....
  • #748
  • Mar 3, 2009 10:47am Mar 3, 2009 10:47am
Nope, on the sides now waiting for a seat. 4000 is hanging tough, but if the selling pressure continues, it will have to cave eventually (Since I'm going on a trip to UK in the next week, I hope it does - then I might be able to afford to buy something :-)
  • #749
  • Mar 3, 2009 10:48am Mar 3, 2009 10:48am
Quoting rt4x
I kept a long at 4041....willing to add to it....
I have TP at 4081 at 38.2 Fib line and 15 min 50sma....will see how it plays out...might be a longer term trade
  • #750
  • Mar 3, 2009 10:52am Mar 3, 2009 10:52am
Quoting rt4x
I have TP at 4081 at 38.2 Fib line and 15 min 50sma....will see how it plays out...might be a longer term trade
Longer term trades are good to have. I can see it going up, thus why I was long earlier.
Just digging in the trenches like everyone else!
  • #751
  • Mar 3, 2009 10:54am Mar 3, 2009 10:54am
Quoting nyjetfan
Nope, on the sides now waiting for a seat. 4000 is hanging tough, but if the selling pressure continues, it will have to cave eventually (Since I'm going on a trip to UK in the next week, I hope it does - then I might be able to afford to buy something :-)
4000 is hanging pretty tough, but as all walls, they can be broken. 3975 is a key area that I'm looking at getting in back long myself.

I'm jealous of your trip to the UK next week. I hope you have a good time! Will you still be able to trade?
Just digging in the trenches like everyone else!
  • #752
  • Mar 3, 2009 10:59am Mar 3, 2009 10:59am
Quoting eohater
4000 is hanging pretty tough, but as all walls, they can be broken. 3975 is a key area that I'm looking at getting in back long myself.

I'm jealous of your trip to the UK next week. I hope you have a good time! Will you still be able to trade?
Its a surprise Anniversary present for the wife. Hmmm, now that you mention it, trading while on our trip *might* be quite a surprise in itself, so I'll bring the laptop just in case.. Nah, trading is definitely out until I return late next week, but once this trip is over I'll have more time freed up so I can trade daily and make some of the "trading happy hours" at night as well. Starting to feel confident in understanding the setups (at least a few of them) and will start putting some of my personal cash behind them upon return.
  • #753
  • Mar 3, 2009 11:00am Mar 3, 2009 11:00am
Now the h1 looks good for those holding longs. I'll buy on the way down the wick of the h1.
Just digging in the trenches like everyone else!
  • #754
  • Mar 3, 2009 11:02am Mar 3, 2009 11:02am
Quoting nyjetfan
Its a surprise Anniversary present for the wife. Hmmm, now that you mention it, trading while on our trip *might* be quite a surprise in itself, so I'll bring the laptop just in case.. Nah, trading is definitely out until I return late next week, but once this trip is over I'll have more time freed up so I can trade daily and make some of the "trading happy hours" at night as well. Starting to feel confident in understanding the setups (at least a few of them) and will start putting some of my personal cash behind them upon return.
Your wife is a lucky woman! Definately, do not take the laptop! Enjoy your family time, relax, have HS, and come back with a clean mind ready to battle. You don't need to understand every setup, just the ones that work for you. We don't always have to be in a trade.
Just digging in the trenches like everyone else!
  • #755
  • Mar 3, 2009 11:05am Mar 3, 2009 11:05am
I'm outta here for lunch guys! Keep your positions covered, and don't be afraid to TP along the way. I'll see where we're at when I get back from luch.

Trade well!
EO
Just digging in the trenches like everyone else!
  • #756
  • Mar 3, 2009 11:20am Mar 3, 2009 11:20am
Oh well....closed my long +2...waiting for a better seat...
  • #757
  • Mar 3, 2009 11:54am Mar 3, 2009 11:54am
Quoting eohater
Your wife is a lucky woman! Definately, do not take the laptop! Enjoy your family time, relax, have HS, and come back with a clean mind ready to battle. You don't need to understand every setup, just the ones that work for you. We don't always have to be in a trade.
That last sentence at times can be a struggle for me. Patience isn't one of my strengths, but something I'm working on at this point. Definitely using 15m timeframes is a help ( as opposed to trading off dailies), and now having some well defined criteria is a benefit as well. I can say I've learned the hard way that "Its better to be out of a trade wishing you were in, than to be in a trade wishing you were out."
  • #758
  • Mar 3, 2009 12:20pm Mar 3, 2009 12:20pm
Back from lunch! Time to review the charts.
Just digging in the trenches like everyone else!
  • #759
  • Mar 3, 2009 12:26pm Mar 3, 2009 12:26pm
Quoting rt4x
Oh well....closed my long +2...waiting for a better seat...
Nothiing wrong with that. I still see we can see we have a strong upper movement to around 413x.
Just digging in the trenches like everyone else!
  • #760
  • Mar 3, 2009 12:28pm Mar 3, 2009 12:28pm
Quoting eohater
Nothiing wrong with that. I still see we can see we have a strong upper movement to around 413x.
Yup...pulled the trigger early because I had a conference call and did not trust it.....oh well, oh well....on the sidelines again....
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