Trade what you see NOT what you expect

I took a small position just after I posted bro.. I got in at 47 I just closed most of it for 40 pips and covered the rest... I see a possible massive inverted shampoo on h1 forming with 4050 screaming out...

waiting for a possible short somewhere, or a long if it pops it's head up

We could do that bro! I would have to study eu charts in more detail for short term trades first though... I normally take longer term positions with eu when I trade it...

hi Guys
i have got my PIPS for today,so i will stay aside till FRIDAY....
BUT what does PONZI mean.........re : MADOFF

baz

It goes back to the h4 chart I posted. I was willing to start building my position there with SL below 3650. The long wicks on the 15m shows price was being rejected from going back down.

Maybe we should just keep the EU trades to longer time frames. I don't mind trading her on the h1/h4 charts. I think if we do both active intraday, it could get messy, so keeping the EU's to longer time frames would probably be cleaner.

I agree..

Good job Baz!! I've past my daily quota, now it's all gravy for me.

PONZI scheme is http://en.wikipedia.org/wiki/Ponzi_scheme

This will give you all the details.

hey guys, hope trading is good and well,

brillant thread u have going here,

just back from office move, back to trading now, hope to contribute soon,

cable building value here for a potential bounce, 1.50 is fair value for GBP over long term, see it trading there over next few months,

been buying and selling today from 15min chart, small stuff,

happy trading

We'll talk about this in more detail later then.

Everyone else, what's your vote? Do you want to see EU on longer time frame trades as well as active intraday cable trades?

Good to see you fx_local! Please, stop in when your back in the saddle and contribute all you like. We'd love to have your input.

I see, I thought I had seen that pattern many times before. thanks for the chart and putting it into a context

Good morning to ALL of you....WE ARE WITH YOU EO AND INFINITY...

It also goes back to the prior PA is always in play.

Great job bro and welcome back!!!... Looking forward to your posts!

Thanks EoH
a elderly Guy took his life in the UK,he had put everything into one of Madoffs (non) investment.
Sad news,really

baz

I'd like to see eu longer term trades, it would be very interesting

That's very sad news! To loose your money due to a bad investment is no reason to take your life. I'd expect, we'll probably be seeing more of this though as things get rougher.

[quote=eohater;2598892]That's very sad news! To loose your money due to a bad investment is no reason to take your life. I'd expect, we'll probably be seeing more of this though as things get rougher.[/quote)

Bad stuff.. This might Help..

Two strangers go jogging every evening and they always stop at a park bench and chat before the jog back home. They idely chat about sports, and food, local news and have been doing so for a few months.

One day the first man say, "It's is a good day. I have my wife, my kids, I love my job, and my health is good due to all this running. I believe I am truly happy."

"You're right," says the second man, "They sky is blue, the weather is warm, and the jog was a good one. It truly is a good day."

The next day on the park bench, the first man seemed angry.
"What's the matter?" asked his jogging buddy.

"I made a bad business deal, and lost my entire life saving's. Now I am stuck where I am and I have no where to go." the man grumbledd

The second man looked at him, stood up and said "Follow me." Then he turned and trotted away. The first mat looked at him for a moment, then followed his jogging buddy.

Roughly 15 minutes later they arrived under a small bridge and stopped.

The first main said "Here we are." Trying to catch his breath

"Where is here?" The second replied.

The first man thought for a moment then said, "Yesterday you told me how happy you were to have your health, your family, a good job and your wife. Today you are bitterly angry because you lost some money. Two months ago I had the same things that make you happy, then I lost some money in a bad business deal. I got angry and stayed angry. My wife and I fought all the time and she finally divorced me, took my house and the kids. During the divorce I started drinking and it effected my work so I lost my job. Then I started drinking more and poisoned myself with alcohol, and was sent to the hospital." He stopped and looked into the second eyes for a long moment, then began again.
"Where we are, my friend, is where I have been living for the last couple of months. After I was released from the hospital I had no home, no job and no money, and I lost my health to top it all off. I decided then that I would start over, and get each one back with time, starting with my health. So I started jogging and I met you. Now I have my health and and a friend. All I have to do now is get a land this job I have been interviewing for and get my life back in order."

The second man stood stock still while listening to his new friend, apparently in shock. "Is there anything I can do to help?" He asked with worry in his eyes.

"You already have, now I am trying to help you. Do not end up like me. Your loss has nothing to do with the things you told me you loved yesterday, so do not let the emotion ruin your life. Start over, don't look at what was, but look to what will be."

The second man nodded, "Thank you my friend, I will do that. I think I will head home now. Is there anything I can do for you?"

"Nope, You go home, to the things you love."

"Thank you." The first man embraced his friend, then set off with speed to his home.

The second man sat down and looked around. It had seemed forever since he had first come here. "All because I thought money was everything." he thought.

Then he got up and started jogging again. After a few minutes he glanced back. He glanced back to what used to be his home, the rock bottom of his life. He smiled, and started walking slowly, enjoying the air and the rest of the evening, back to his home. Back to his wife and kids, and away from the home he had under the bridge two years before.

man that is shit, it's why I am trying to learn this myself so I don't entrust some supposed 'proffessional' with my money and get conned or someone else blow it all.