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Trade what you see NOT what you expect

  • #2,161
  • Mar 13, 2009 2:21pm Mar 13, 2009 2:21pm
Quoting PipLand
Hey EO, just checking out your thread! some nice posts here.

Yeah not doing to bad how about you?

Bit annoyed i closed my long early yesterday as I was waiting for a big move up but i got fed up getting stopped out for a few pips so i kept taking small profits.

I took a short last night woke up and locked it to BE fell asleep and missed my opportunity to take profits and was stopped out.

I took a small short off that 1 hr pin today at the top closed it for a few pips.

I think we might have one more down move left in this and then a big...

Good job! It's all positive pippage! I don't have a long term view yet on cable. I'll be going over charts tonight and this weekend preparing for next week. Being where we're looking to close the week and day, I would say she's not done with the southbound move, but this can all change in the blink of an eye. I do see the dollar getting flushed. It has too. Now, China has stepped forward and said their getting tired of buying our debt. This will just add to the devaluation process of the dollar. I've had a good day, nothing stellar. I forgot about a meeting I had today, so I missed my major trade. Week ended above quota and that's what's key.
Just digging in the trenches like everyone else!
  • #2,162
  • Mar 13, 2009 2:24pm Mar 13, 2009 2:24pm
Quoting cisco
The Dow's going nuts and the pound's falling. I'm glad I got out.
Good move! I'm probably done myself, but if I see one, I'll snipe it before I shut her down. With such low volume, probably only going to see a surge here in the next 30m-1h.
Just digging in the trenches like everyone else!
  • #2,163
  • Mar 13, 2009 2:33pm Mar 13, 2009 2:33pm
Quoting eohater
Your long is doing good then! I mentioned yesterday in the thread that 2740 was a key area for EU, that a long position there with SL around 2600 would be good. At the end of the day, I said the EU needed to come up to 294x and she did before going back short. I took the short at 2940 and closed at 2900 when I closed out my short on GU.
yeah, both things are right. but do you see how hard the price go below the 2900? today was just for 40 pips and a fast move up.
3 times go below till 1.287x-6x area, and then move up. I like to see it in the 1.2950 then break it. i believe next week could be.


What i've been watch is how react EU to the 62 ema in daily and weekly.
it respected like GU does in 1h. a close in the up side of the ema in weekly, could give us a big up movement till 1.35-1.36....

would be interesting to see how the rest of the month makes it work in GU and EU. the bias for GU is still down, but the euro... i don't know...so... parity before the end of month? i am crazy??
  • #2,164
  • Mar 13, 2009 2:34pm Mar 13, 2009 2:34pm
Quoting eohater
I haven't talked with Infinity in private, but how does next week sound for the EU position trades? I don't know if anyone took the trades I mentioned yesterday, but they were both excellent trades. The first yielded the most, over 200 pips. I took the 2nd one myself and grabbed 40 off of it.

Now, remember guys, these will be position trades, not active intraday trades. We will be trading her off the h1, h4 and daily charts.
Sounds like great idea I need all the help I can get

  • #2,165
  • Mar 13, 2009 2:36pm Mar 13, 2009 2:36pm
Quoting cesarg
yeah, both things are right. but do you see how hard the price go below the 2900? today was just for 40 pips and a fast move up.
3 times go below till 1.287x-6x area, and then move up. I like to see it in the 1.2950 then break it. i believe next week could be.


What i've been watch is how react EU to the 62 ema in daily and weekly.
it respected like GU does in 1h. a close in the up side of the ema in weekly, could give us a big up movement till 1.35-1.36....

would be interesting to see how the rest of the month makes it work in GU and EU. the...
I don't trade EU, in fact, the trade I took for 40 was the 1st trade on EU I've had in a loooonnnnngggggg time.

PA is PA and now matter what pair it is, the rules are the same. I'll have a longer term view on EU after this weekend and I review the charts.
Just digging in the trenches like everyone else!
  • #2,166
  • Mar 13, 2009 2:37pm Mar 13, 2009 2:37pm
I am out of here Enjoy your weekend everybody
  • #2,167
  • Mar 13, 2009 2:41pm Mar 13, 2009 2:41pm
Quoting eohater
Good job! It's all positive pippage! I don't have a long term view yet on cable. I'll be going over charts tonight and this weekend preparing for next week. Being where we're looking to close the week and day, I would say she's not done with the southbound move, but this can all change in the blink of an eye. I do see the dollar getting flushed. It has too. Now, China has stepped forward and said their getting tired of buying our debt. This will just add to the devaluation process of the dollar. I've had a good day, nothing stellar. I forgot about...
Yeah I left soo much on the table this week though, very frustrating. I wont be doing that again next week! I missed that big move down but caught the second smaller move

Glad youve been bagging the pips as usual though, id expect nothing less

Yeah the dollar will get flushed soon which makes me all the more concerned about a reversal I will look forward to your analysis for the week ahead, have a great weekend!
  • #2,168
  • Mar 13, 2009 2:42pm Mar 13, 2009 2:42pm
Quoting PipLand
Yeah I left soo much on the table this week though, very frustrating. I wont be doing that again next week! I missed that big move down but caught the second smaller move

Glad youve been bagging the pips as usual though, id expect nothing less

Yeah the dollar will get flushed soon which makes me all the more concerned about a reversal I will look forward to your analysis for the week ahead, have a great weekend!
Have a great weekend yourself! Next week will bring more pips for everyones bag.
Just digging in the trenches like everyone else!
  • #2,169
  • Mar 13, 2009 2:43pm Mar 13, 2009 2:43pm
Quoting davids
I am out of here Enjoy your weekend everybody
See ya next week David! Enjoy your time off and party to get ready for next week.
Just digging in the trenches like everyone else!
  • #2,170
  • Mar 13, 2009 2:44pm Mar 13, 2009 2:44pm
Fellow traders-time for me to do other things. I hope you all had a great week of collecting pips.

Thanks for the laughs. See you on the battlefield next week.
Hi, my name is Barry and you can keep your doctor...
  • #2,171
  • Mar 13, 2009 2:45pm Mar 13, 2009 2:45pm
Quoting cisco
Fellow traders-time for me to do other things. I hope you all had a great week of collecting pips.

Thanks for the laughs. See you on the battlefield next week.
Have a great weekend cisco! We shall battle again next week and bring in the pips. Looking for bigger moves next week.
Just digging in the trenches like everyone else!
  • #2,172
  • Mar 13, 2009 3:01pm Mar 13, 2009 3:01pm
Most retail brokers just closed, my primary broker is still open. Closed price is at 3979 for most retail brokers. I'll post what my primary closes at in h1.
Just digging in the trenches like everyone else!
  • #2,173
  • Mar 13, 2009 3:11pm Mar 13, 2009 3:11pm
Okay friends, I'm off for the weekend. Had a fantastic week trading, hope you guys did better
Take care everyone. Yo eo, paaaaaaaaaaaaaaaarrrrrrtyyyyyyyyyy
Ta!
Thank You
  • #2,174
  • Mar 13, 2009 4:15pm Mar 13, 2009 4:15pm
nyjetfan, I just had a quick glance at the pdf. You're to be highly commended for your efforts. It looks to be a wonderful work that's sure to help the novice and the experienced trader as well.

It seems to me that this thread has become full of very giving people, and you're right up there with the best of them . Thanks for your efforts, it's gratefully appreciated.
Hi, my name is Barry and you can keep your doctor...
  • #2,175
  • Mar 13, 2009 5:33pm Mar 13, 2009 5:33pm
Hi guys, I'll be interested to hear your view on cable for the next week. The daily makes me think of the bearish 3 pattern with one big down day followed by 3 (in this case 4) small up days, possibly a big down day to follow. If you view RSI you'll see that the new day (Mon) will most likely open right on RSI resistance, a sell signal for me. The weekly looks to have rejected the lows however. Cheers
  • #2,176
  • Mar 14, 2009 11:19am Mar 14, 2009 11:19am
hey nyjetfan,
excellent ebook thanks for all your hard work. I see on page 30 you have 'see thread to get pdf's', you can put a link directly to the relevant thread page there if you want, do you want me to add it? to the ebook I mean.
please DON'T copy my trades I am still learning
  • #2,177
  • Edited 6:20pm Mar 14, 2009 2:21pm | Edited 6:20pm

Some of Fridays Trades ??




In a effort to help myself to see the trades better I have worked up a chart of some of fridays trades, Some are what I saw as possible and others are actual trades taken by EO, Infinity and others . All and any input is invited and welcome..

First Yellow Arrow

Is pointing to the red candle which became the high of the day.. 1.4040 was tested 2 candles back the prior green candle broke the area and the red turned it back down , This became our first controling candle as it is the high..

Circle A

We have a FLAT top green candle the next red pulls up a bit more but turns into a strong bearish candle with long red body, The next red candle opens retest the open of the previous candle and turns back enter short here, Close the trade on the next green pin at the 10 ema. Option B close portion and set rest to +3 , I think in scalping taking all is my favorite. Unless it looks like longer possible But as the price had been above the Ema's for a while profit taking would worked out.

Circle B

Price comes back off the 10 ema and a green pin. Could have longed here at the open of the next green candle but price was looking a bit short (lower high and top of the day ). Next candle opens goes up but fails to go higher than previous candle short there when it turns back and crosses opening price. again could close at 10 ema , But as it pushes threw and close right on ema a partial close and stop move would look better. But close on the 21 sma as it is the first time hit in a while.
A possible bounce off the 21 ema would have worked out also , but still looking for shorts ..
(This may not have been a proper trade as it is also like circle D. Not closing below the ma's..)

Second Yellow Arrow

This Becomes our next controling pin after it fails at the 1.4040 area and
forma a god bearish pin.. Short on the next red candle after it fails to pull back up short after it croses the opening price. Close at the touch of the 35/50 ma's.

Circle C

Go long on touch of 35/50 ma's But as EO said enter with a smaller position as the next candle good close lower and a better entry below
the ma's could have been had.. Could close at the 21 ema or adjust your position and stop. But a new entry could be had when the second green candle came back to the open of the first green candle. The next red spinning top was concerning. right on the ma's but a s it was the second run up to them, might give it some room to breath. It did break up and would close at the 1.4040 top.

Circle D

The 2 candles are a tweezer pattern but as Infinity stated he didn't enter on the next candle as the red tweezer had closed above the 10 ema . Which could have signaled the begining of a direction change. After the 4th candle closed below the 10/21/35 ma's and they foremd the 1 hr pin . Then the next candle opened and retested the 10/21 ma's could have shorted on the next red candle after it retested and passed it's opening price. Closing on the test of the trendline at 1.3940 area,

Circle E

A long entry on the green candle after the price opens fails to make a new low and crosses back above the trendline. Adjust stop and position at ma's as it is against the trend of the moment.

Circle F

Another set of tweezers is formed but this time the close is below the 10/21 ma's . Infinity enetered on the retest of the opening price of the previous red candle. Take profit at the failure of the break of the trendline.

Circle G

EO took this long off the trend line. The green candle failed to make a lower low and could enter at the opeing price or the cross of the trendline back up. As the time of day and friday take profit at the second failure to break the 21 ema. Are to close above the 10/35 ma's

Circle H

If you had closed the previus trade. You could go long here when the price came down and failed to get lower than the previous entry candle , ( you can always renter at your old entry price) This candle closed above the 10/50 ma's so could hold it for a higher close . Close at the 35 sma and the 00 number area. Might have been a short off the touch of the 35 and 00 area if you were quick.
Attached Image (click to enlarge)
Click to Enlarge Name: friday 13 trades.JPG Size: 221 KB
Good Trading To All ; Ken Lee
  • #2,178
  • Mar 14, 2009 9:31pm Mar 14, 2009 9:31pm
Quoting KENNETH lEE

Some of Fridays Trades ??








In a effort to help myself to see the trades better I have worked up a chart of some of fridays trades, Some are what I saw as possible and others are actual trades taken by EO, Infinity and others . All and any input is invited and welcome..

First Yellow Arrow

[b]Is pointing to the red candle which became the high of the day.. 1.4040 was tested 2 candles back the prior green candle broke the area...
Looks good Ken Lee.......

Now, I didn't trade on Friday, was too tired after my drive home on Thursday, but here are my thoughts.

The only trade I would of past on is that "B" trade. Like you said, you did have concerns.

That "B" trade showed support to be pretty close to the entry, not giving the trade room to run. Now others might have taken that one, but it looked too tight for my taste and I would off waited for another setup.

All the other trade setups do look good, thanks for sharing because it helps us all.

HOLLA
  • #2,179
  • Mar 16, 2009 2:50am Mar 16, 2009 2:50am
So this is where the cable sane brains have got to...
Ride the Bulls bearback!
  • #2,180
  • Mar 16, 2009 2:50am Mar 16, 2009 2:50am
Quoting KENNETH lEE

Some of Fridays Trades ??




In a effort to help myself to see the trades better I have worked up a chart of some of fridays trades, Some are what I saw as possible and others are actual trades taken by EO, Infinity and others . All and any input is invited and welcome..

First Yellow Arrow

[b]Is pointing to the red candle which became the high of the day.. 1.4040 was tested 2 candles back the prior green candle broke the area and the...
Nice work. I know it's a lot of work, but a end of day summary like this would be a fantastic learning tool.
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