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Trade what you see NOT what you expect

  • #2,381
  • Mar 17, 2009 4:00am Mar 17, 2009 4:00am
here is what my 4 chart showing
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Trading is 80% Emotional, 20% Technical
  • #2,382
  • Mar 17, 2009 8:17am Mar 17, 2009 8:17am
Good morning everyone! I just sat down and entered a long position at 3970.
Just digging in the trenches like everyone else!
  • #2,383
  • Mar 17, 2009 8:20am Mar 17, 2009 8:20am
Quoting cisco
Here's a suggestion. Move your sl to a manageable point and go buy the kids a dog!

Think of the smiles you'll put on their little faces.
I got the 20 I was looking for on that trade. As to the dog, well, we found one and my wife is going this weekend to make the final decision. She's 6 weeks old and only 4 hrs away. The funny thing is, the dog is located where my brother in law lives.
Just digging in the trenches like everyone else!
  • #2,384
  • Mar 17, 2009 8:22am Mar 17, 2009 8:22am
Here is a link to a presentation by Mark Douglas , The author of Trading In The Zone. I great book which might help you become the machine we need to be. You can find the book online in pdf format.. Just google title with pdf at the end or better yet buy it.. Good reference book to own. He trades stocks but the physcology is the same ..

Ken Lee

http://www.viddler.com/explore/killbliss/videos/3/
Good Trading To All ; Ken Lee
  • #2,385
  • Mar 17, 2009 8:25am Mar 17, 2009 8:25am
Quoting eohater
Good morning everyone! I just sat down and entered a long position at 3970.

Here's a chart as to my position.
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Just digging in the trenches like everyone else!
  • #2,386
  • Mar 17, 2009 8:26am Mar 17, 2009 8:26am
Quoting KENNETH lEE
Here is a link to a presentation by Mark Douglas , The author of Trading In The Zone. I great book which might help you become the machine we need to be. You can find the book online in pdf format.. Just google title with pdf at the end or better yet buy it.. Good reference book to own. He trades stocks but the physcology is the same ..

Ken Lee

http://www.viddler.com/explore/killbliss/videos/3/

Thanks for sharing the link and info. I'll check it out once we get out of the US Session.
Just digging in the trenches like everyone else!
  • #2,387
  • Mar 17, 2009 8:27am Mar 17, 2009 8:27am
Quoting eohater
Good morning everyone! I just sat down and entered a long position at 3970.
Good morning EO and everyone else...
Did you take this trade because PA is stalling there....though MA's are slightly pointing down (4 o'clock) on 15 min?

1H could also be building to be nice tweezers...
  • #2,388
  • Mar 17, 2009 8:29am Mar 17, 2009 8:29am
Quoting rt4x
Good morning EO and everyone else...
Did you take this trade because PA is stalling there....though MA's are slightly pointing down (4 o'clock) on 15 min?

I posted a chart as to why. It's on the prior page. Yes, the ma's are pointing down, but I have a driver on the 15m and prior PA on the h1 as well. There's a hint of some prior PA on the h4 as well, but it's a little lower than my entry point..
Just digging in the trenches like everyone else!
  • #2,389
  • Mar 17, 2009 8:32am Mar 17, 2009 8:32am
Quoting eohater
I posted a chart as to why. It's on the prior page. Yes, the ma's are pointing down, but I have a driver on the 15m and prior PA on the h1 as well. There's a hint of some prior PA on the h4 as well, but it's a little lower than my entry point..
SORRY...just saw your wonderful chart....thanks EO...
  • #2,390
  • Mar 17, 2009 8:35am Mar 17, 2009 8:35am
Morning, fellows
I think long should be careful. If the channel breaks, then...

The same channel is already broken on 1H
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  • #2,391
  • Mar 17, 2009 8:37am Mar 17, 2009 8:37am
Quoting rt4x
SORRY...just saw your wonderful chart....thanks EO...
No problem! I've taken 20 off and the rest is at +3.
Just digging in the trenches like everyone else!
  • #2,392
  • Mar 17, 2009 8:38am Mar 17, 2009 8:38am
Quoting eohater
The funny thing is, the dog is located where my brother in law lives.
Morning EO.

You sure it isn't your brother in law's dog?
  • #2,393
  • Mar 17, 2009 8:39am Mar 17, 2009 8:39am
Quoting Komissar
Morning, fellows
I think long should be careful. If the channel breaks, then...
Your right, longs should be careful, but I couldn't short her where she was at. Too many factors saying otherwise. That could change depending upon how this 15m closes.
Just digging in the trenches like everyone else!
  • #2,394
  • Mar 17, 2009 8:41am Mar 17, 2009 8:41am
Quoting daffy
Morning EO.

You sure it isn't your brother in law's dog?
Just digging in the trenches like everyone else!
  • #2,395
  • Mar 17, 2009 8:41am Mar 17, 2009 8:41am
Quoting eohater
Your right, longs should be careful, but I couldn't short her where she was at. Too many factors saying otherwise. That could change depending upon how this 15m closes.
Morning Mate
  • #2,396
  • Mar 17, 2009 8:42am Mar 17, 2009 8:42am
Quoting eohater
I got the 20 I was looking for on that trade. As to the dog, well, we found one and my wife is going this weekend to make the final decision. She's 6 weeks old and only 4 hrs away. The funny thing is, the dog is located where my brother in law lives.
Good job on the trade.

As to the dog...I hope you're good at house training dogs. I was never good at that, myself. She's going to leave piles bigger than a chihuahua.
Hi, my name is Barry and you can keep your doctor...
  • #2,397
  • Mar 17, 2009 8:46am Mar 17, 2009 8:46am
Quoting cisco
Good job on the trade.

As to the dog...I hope you're good at house training dogs. I was never good at that, myself. She's going to leave piles bigger than a chihuahua.
Your right, she's going to leave huge piles.

Last 15m made me close my long, back short now at 3985
Just digging in the trenches like everyone else!
  • #2,398
  • Mar 17, 2009 8:47am Mar 17, 2009 8:47am
Morning Eo,

There was a nice cross of 35&50 this morning!
Took 20 of it.
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  • #2,399
  • Mar 17, 2009 8:49am Mar 17, 2009 8:49am
EO

Do you have any thoughts on the FOMC Statement tomorrow or this not something you look at.

Reading various websites today there is a feeling that as the recession is not going to be as bad as originally thought there is a bias towards countries moving their currencies out of dollars, not that should affect us as we trade what we see.
  • #2,400
  • Mar 17, 2009 8:50am Mar 17, 2009 8:50am
Quoting dariuske
Morning Eo,

There was a nice cross of 35&50 this morning!
Took 20 of it.

Good job on your 20, but did you take the short off the candle I circled?
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Just digging in the trenches like everyone else!
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