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Trade what you see NOT what you expect

  • #1,321
  • Mar 9, 2009 3:28pm Mar 9, 2009 3:28pm
Quoting KENNETH lEE
Thanks for the chart,, I saw that one, but thought the wick was a bit short for the body, all though the flat bottom on the previous candle should have given me some more confirmation.. I will get there sooner or later..

Price action is what iI have only studied for the last 2 yrs, But not at this level. I have had 80 90% positive call rate but those other 10 and 20 kick my butt. I thinking with your Input might finally be the final piece in the puzzle.. like to trade and don't like waiting hours for a single trade when I KNOW there are good trades...
That's the beauty of how I trade. I don't have to wait for hours upon end just to fall asleep and miss the boat. Once I see the setup I'm looking for, I pull the trigger and off to the races I go.
Just digging in the trenches like everyone else!
  • #1,322
  • Mar 9, 2009 3:40pm Mar 9, 2009 3:40pm
Do you guys notice how everytime price gets into 377x that she goes right back up. Buyers are still here. Will they last? I don't know. 3500 is in sight, she's broken the 4000 mark like a banshi. Asian session will probably result in more risk aversion to the dollar.
Just digging in the trenches like everyone else!
  • #1,323
  • Mar 9, 2009 3:52pm Mar 9, 2009 3:52pm
Quoting eohater
Do you guys notice how everytime price gets into 377x that she goes right back up. Buyers are still here. Will they last? I don't know. 3500 is in sight, she's broken the 4000 mark like a banshi. Asian session will probably result in more risk aversion to the dollar.

We will have to see which way she breaks ,, Retrace first ? or straight down ? But be ready for either.. Be on Guard..
Good Trading To All ; Ken Lee
  • #1,324
  • Mar 9, 2009 4:10pm Mar 9, 2009 4:10pm
Quoting eohater
Do you guys notice how everytime price gets into 377x that she goes right back up. Buyers are still here. Will they last? I don't know. 3500 is in sight, she's broken the 4000 mark like a banshi. Asian session will probably result in more risk aversion to the dollar.

1)great thread i really love GBp/USD (L)(L)
2) i really hope the buyers DONT last i shorted from the break of the blue line on the chart and would love to see it fall to 35xx (seen lately that the long bulls were taking profits 1.3840
  • #1,325
  • Mar 9, 2009 4:11pm Mar 9, 2009 4:11pm
the chart...
Attached Image (click to enlarge)
Click to Enlarge Name: 9.gif Size: 17 KB
  • #1,326
  • Mar 9, 2009 4:26pm Mar 9, 2009 4:26pm
Quoting eohater
Here's a chart showing the driver for my longs earlier. Notice the candles circled in green. Until the first candle get's taken out, meaning a close below the wick, this is the driver for long positions. Now, I wouldn't run out and take a long position right now. End of day is here, all the ma's are coming tight, we have London news due out in 3h. If you do fancy a long, the SL is 25 past the bottom wick of the first candle circled. Again, I'm not recommending a long at this time, but this was the driver for my long position earlier.
Thx for posting the chart EO,

Makes sence to me, but seems i'm not confident enough to trade it that way.
I took the second one (same pattern at 16:00 GMT) because i felt better knowing the previous bottom was respected.

Cya, Werner.
  • #1,327
  • Mar 9, 2009 10:56pm Mar 9, 2009 10:56pm
Quoting dariuske
Thx for posting the chart EO,

Makes sence to me, but seems i'm not confident enough to trade it that way.
I took the second one (same pattern at 16:00 GMT) because i felt better knowing the previous bottom was respected.

Cya, Werner.
I didn't take the formation circled either. I would have, but I was not at my charts. I did play the second, third and now the fourth time off of it. That's what I'm trying to point out, prior PA is in play always. If we miss it the first time, fine, wait patiently for another time.
Just digging in the trenches like everyone else!
  • #1,328
  • Mar 9, 2009 11:01pm Mar 9, 2009 11:01pm
Quoting ezz
1)great thread i really love GBp/USD (L)(L)
2) i really hope the buyers DONT last i shorted from the break of the blue line on the chart and would love to see it fall to 35xx (seen lately that the long bulls were taking profits 1.3840
Nice short you had there! I hope you took some profit and covered your position.
Just digging in the trenches like everyone else!
  • #1,329
  • Mar 10, 2009 4:31am Mar 10, 2009 4:31am
Just wanted to post a trade for the London morning session as I know eo will prob be in bed. i think this would be one he approves of...
Attached Image (click to enlarge)
Click to Enlarge Name: chart 2.JPG Size: 66 KB
please DON'T copy my trades I am still learning
  • #1,330
  • Mar 10, 2009 4:33am Mar 10, 2009 4:33am
Quoting ezmystic
Just wanted to post a trade for the London morning session as I know eo will prob be in bed. i think this would be one he approves of...

Goty stopped out at TP 1.3800, should take half off and leave the rest to run like eo suggests, but doing 4 things at once didn't get a chance
please DON'T copy my trades I am still learning
  • #1,331
  • Mar 10, 2009 4:35am Mar 10, 2009 4:35am
Quoting ezmystic
Goty stopped out at TP 1.3800, should take half off and leave the rest to run like eo suggests, but doing 4 things at once didn't get a chance
Profit is profit is profit!
  • #1,332
  • Mar 10, 2009 4:46am Mar 10, 2009 4:46am
Quoting daffy
Profit is profit is profit!
very true, I am stting my TP for +50ish straight away, so if it gets hit 50 in the bag is good.
please DON'T copy my trades I am still learning
  • #1,333
  • Mar 10, 2009 6:21am Mar 10, 2009 6:21am
Hi eo and everyone,

Is this analysis right eo on this chart. Didin't take it cos I was away from computer and don't like jumping in in mid candle....
Attached Image (click to enlarge)
Click to Enlarge Name: chart 3.JPG Size: 103 KB
please DON'T copy my trades I am still learning
  • #1,334
  • Mar 10, 2009 8:20am Mar 10, 2009 8:20am
Quoting ezmystic
Goty stopped out at TP 1.3800, should take half off and leave the rest to run like eo suggests, but doing 4 things at once didn't get a chance
That was a nice trade! As Daffy said, profit is profit is profit.
Just digging in the trenches like everyone else!
  • #1,335
  • Mar 10, 2009 8:21am Mar 10, 2009 8:21am
Quoting ezmystic
Hi eo and everyone,

Is this analysis right eo on this chart. Didin't take it cos I was away from computer and don't like jumping in in mid candle....
Your 4h hammer is actually a hangman. Yes, shorts would be triggered from this.
Just digging in the trenches like everyone else!
  • #1,336
  • Mar 10, 2009 8:22am Mar 10, 2009 8:22am
Good morning everyone! Hope everyone is doing well this morning. I had an early appointment which got over sooner than expected.
Just digging in the trenches like everyone else!
  • #1,337
  • Mar 10, 2009 8:23am Mar 10, 2009 8:23am
Hi EO
  • #1,338
  • Mar 10, 2009 8:28am Mar 10, 2009 8:28am
Quoting eohater
Your 4h hammer is actually a hangman. Yes, shorts would be triggered from this.
oh, sorry, I couldn't find my pa chart for the name, but i knew it meant shorts.

Good to see you up and about, hope your doing good
please DON'T copy my trades I am still learning
  • #1,339
  • Mar 10, 2009 8:29am Mar 10, 2009 8:29am
Anyone holding a position currently? I still have 2 open longs from 3826. Break of 3900 will lead us to 395x. Break of 395x will lead us to 404x, then 4100
Just digging in the trenches like everyone else!
  • #1,340
  • Mar 10, 2009 8:30am Mar 10, 2009 8:30am
Quoting ezmystic
oh, sorry, I couldn't find my pa chart for the name, but i knew it meant shorts.

Good to see you up and about, hope your doing good
I'm doing well! Have positive pippage already bagged and working on more.
Just digging in the trenches like everyone else!
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