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Trade what you see NOT what you expect

  • #861
  • Mar 4, 2009 9:56am Mar 4, 2009 9:56am
Quoting eohater
For thos who are long or took the long off the after the last 15m close, we want this 15m candle to close above 4117, idealy 4120 would be nice.
Hi EO,
Great thread and teaching.
I followed your ideas with great interest.
Can I ask a simple question. Why level of 4117 important for the candle to close above.
Please accept my ignorance.
  • #862
  • Mar 4, 2009 9:56am Mar 4, 2009 9:56am
Quoting eohater
Hey bro! We've got 3 up on the 4h that closes in 8m.
I see it bro... and the last one seems it will close with a wick at the top... H1 stoch are overcooked too...
Patience + Discipline - Greed = Success
  • #863
  • Mar 4, 2009 9:57am Mar 4, 2009 9:57am
Quoting nyjetfan
RT4x - Have a look at the attached chart....
Thanks a million....I will review it in detail...
  • #864
  • Mar 4, 2009 10:00am Mar 4, 2009 10:00am
I was just stopped out on my remaining position...
Patience + Discipline - Greed = Success
  • #865
  • Mar 4, 2009 10:03am Mar 4, 2009 10:03am
Quoting wormboy
Hey guys. mind if I crash the party? Lol.
Thought you guys went on a holiday.
Welcome Wormboy! You keeping them straight in the cable thread?
Just digging in the trenches like everyone else!
  • #866
  • Mar 4, 2009 10:08am Mar 4, 2009 10:08am
From yesterday...
Quoting rt4x
Does anyone have any thoughts for tomorrow? I can see it being bullish...one of my platforms already closed the daily and it was a slightly green doji looking thing
My other one closes at 7est...I'll wait and see...any thoughts...anyone?

Asian session will hopefully show the way for London time...

Happy trading
Is London on break....bulls dying...something is drying up ......any thoughts?
  • #867
  • Mar 4, 2009 10:10am Mar 4, 2009 10:10am
Thanks eo
Me? Keeping who straight? You're having a laugh mate. Lol.
I have nothing to do atm, so I decided to thread hop for a change. And I found you guys here! Anyway, you should prolly get back to your discussions. Sorry to cut in like that!
Btw, keep those green coming
Thank You
  • #868
  • Mar 4, 2009 10:12am Mar 4, 2009 10:12am
Quoting wormboy
Hey guys. mind if I crash the party? Lol.
Thought you guys went on a holiday.
Crash the hell out of it wormboy!! Good to see you here..
Patience + Discipline - Greed = Success
  • #869
  • Mar 4, 2009 10:13am Mar 4, 2009 10:13am
Quoting Infinity
I was just stopped out on my remaining position...
Stopped out green and that's good bro! Looking at the 4h as well, the body closed below the wick of the prior 4h candle and long top wick. Sellers are coming into the market. Shorts at this level with Stops above 4160 would be a good opportnity.
Just digging in the trenches like everyone else!
  • #870
  • Mar 4, 2009 10:14am Mar 4, 2009 10:14am
Quoting wormboy
Thanks eo
Me? Keeping who straight? You're having a laugh mate. Lol.
I have nothing to do atm, so I decided to thread hop for a change. And I found you guys here! Anyway, you should prolly get back to your discussions. Sorry to cut in like that!
Btw, keep those green coming
Stop by anytime and keep those in the cable thread on the straight and narrow.
Just digging in the trenches like everyone else!
  • #871
  • Mar 4, 2009 10:14am Mar 4, 2009 10:14am
Did Sunday open hava a gap or was that just my broker opening late?...I thought we would see 1.42xx today...at least ??????????
  • #872
  • Mar 4, 2009 10:14am Mar 4, 2009 10:14am
Hi EO

And here I was thinking you had taken a break from the cable thread only to find you are hard at work.

This is a brilliant idea this thread, I have spent the last 3 hours reading the posts I have applied all the SMA ans EMa as recommended by yourself. This is really going to help a lot.

Cheers Davids
  • #873
  • Mar 4, 2009 10:15am Mar 4, 2009 10:15am
Quoting Infinity
Crash the hell out of it wormboy!! Good to see you here..
Thanks mate. Good to see you too
Thank You
  • #874
  • Mar 4, 2009 10:15am Mar 4, 2009 10:15am
Quoting shaan
Hi EO,
Great thread and teaching.
I followed your ideas with great interest.
Can I ask a simple question. Why level of 4117 important for the candle to close above.
Please accept my ignorance.
It was important because that's where the wick of the prior 15m candle I was referring to. The candle needed to take the prior candle out.
Just digging in the trenches like everyone else!
  • #875
  • Mar 4, 2009 10:17am Mar 4, 2009 10:17am
Quoting davids
Hi EO

And here I was thinking you had taken a break from the cable thread only to find you are hard at work.

This is a brilliant idea this thread, I have spent the last 3 hours reading the posts I have applied all the SMA ans EMa as recommended by yourself. This is really going to help a lot.

Cheers Davids
I'm taking a break from making calls in the cable thread and that's as much I'm going to say about that.

Welcome and I hope you enjoy!
Just digging in the trenches like everyone else!
  • #876
  • Mar 4, 2009 10:17am Mar 4, 2009 10:17am
Quoting eohater
It was important because that's where the wick of the prior 15m candle I was referring to. The candle needed to take the prior candle out.
Thanks mate
  • #877
  • Mar 4, 2009 10:19am Mar 4, 2009 10:19am
Quoting rt4x
Did Sunday open hava a gap or was that just my broker opening late?...I thought we would see 1.42xx today...at least ??????????
We break 416 and we'll see higher than 4200 today. More along the lines of 1st TP of 4210, 2nd TP of 428x.

I just took some profit off the table on my long position. I have 2 left open and SL is moving to +25.
Just digging in the trenches like everyone else!
  • #878
  • Mar 4, 2009 10:19am Mar 4, 2009 10:19am
I'm just having a newb 101 setting up session, different account for following this thread so i can track progress.

I was just looking back to your previous post and you said

Here are the charts that I use and what I have applied to them.
15m:
10ema, 21ema, 35sma and 50sma
1h:
10sma, 50sma and 62ema
4h:
5sma, 10sma, 50ema and 150ema
Day;
5sma, 35sma and 50ema

I'm just setting this in MT4 and I have 7 options to apply it to, close, open, high, low, Median Price (HL/2), Typical Price (HLC/3) and Weighted Close (HLCC/4)
Which do I use?

Also, which colours do you apply to which MA, this way when you post charts i can compare mine to yours and it "should" make sense.

Thanks
  • #879
  • Mar 4, 2009 10:21am Mar 4, 2009 10:21am
Quoting BenScoobert
I'm just having a newb 101 setting up session, different account for following this thread so i can track progress.

I was just looking back to your previous post and you said

Here are the charts that I use and what I have applied to them.
15m:
10ema, 21ema, 35sma and 50sma
1h:
10sma, 50sma and 62ema
4h:
5sma, 10sma, 50ema and 150ema
Day;
5sma, 35sma and 50ema

I'm just setting this in MT4 and I have 7 options to apply it to, close, open, high, low, Median Price (HL/2), Typical Price (HLC/3) and Weighted Close (HLCC/4)
Which do I use?

Also,...
Ben, we're working on a document that will help you with the colors and everything else. For now, apply them to the closed price and you choose the colors.
Just digging in the trenches like everyone else!
  • #880
  • Mar 4, 2009 10:21am Mar 4, 2009 10:21am
Going to be tough to break 4150/60, it's such an obvious place for short limit orders - it's all going to depend on the persistence of the bulls. It might take a few tries to do it.
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