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Trade what you see NOT what you expect

  • #3,541
  • Mar 23, 2009 8:58am Mar 23, 2009 8:58am
Quoting Komissar
Morning, folks
Is anybody looking at 1H? Bounce off it?

I mean bounce off 50ma.
I'm not.. Homes sales in 3 minutes and Geithner's possibly still talking, so I'm waiting for that to get absorbed by the market before I declare it safe to go back in the water... Good luck if you choose to trade it.
  • #3,542
  • Mar 23, 2009 9:09am Mar 23, 2009 9:09am
Quoting Komissar
Morning, folks
Is anybody looking at 1H? Bounce off it?

I mean bounce off 50ma.
So did you take it? Looks like you'd have a decent trade going.. Lock some profits if you did..
  • #3,543
  • Mar 23, 2009 9:11am Mar 23, 2009 9:11am
my 1h 50ema is at 4469. What do you guys have?
  • #3,544
  • Mar 23, 2009 9:12am Mar 23, 2009 9:12am
Good morning everyone!

Hope everyone is doing well today and making some green pippage. We've had some nice moves since we opened yesterday. Now, it's time for us to capture some more.
Just digging in the trenches like everyone else!
  • #3,545
  • Mar 23, 2009 9:13am Mar 23, 2009 9:13am
Quoting nyjetfan
So did you take it? Looks like you'd have a decent trade going.. Lock some profits if you did..
I did...get in a tad late at 4512, took half of at +25, locked in the rest @+2 and let's see.

Did have a long going before at 4551, took a loss for -16.

Now, I'm looking for the next setup.

HOLLA
  • #3,546
  • Mar 23, 2009 9:14am Mar 23, 2009 9:14am
Quoting ezodisy
my 1h 50ema is at 4469. What do you guys have?

I got 4504 on mind.

HOLLA
  • #3,547
  • Mar 23, 2009 9:14am Mar 23, 2009 9:14am
Quoting ezodisy
my 1h 50ema is at 4469. What do you guys have?
Per what I got from EO in the pdf, these should be on your 1h:
1h:
10sma : ORANGE
50sma : LIGHT GREEN
62ema : NEON GREEN
200sma : YELLOW


So the 50sma is what we're referring to here, not the ema.
  • #3,548
  • Mar 23, 2009 9:14am Mar 23, 2009 9:14am
I have the 1hr 50 SMA at 1.4503
  • #3,549
  • Mar 23, 2009 9:14am Mar 23, 2009 9:14am
Quoting eohater
Good morning everyone!

Hope everyone is doing well today and making some green pippage. We've had some nice moves since we opened yesterday. Now, it's time for us to capture some more.
What's up bro....

Hope you had a good weekend...

HOLLA
  • #3,550
  • Mar 23, 2009 9:16am Mar 23, 2009 9:16am
Quoting nyjetfan
So did you take it? Looks like you'd have a decent trade going.. Lock some profits if you did..
Took long 4514, a bit later than I wanted. But it locked now BE+5.
  • #3,551
  • Mar 23, 2009 9:17am Mar 23, 2009 9:17am
Quoting nyjetfan
Per what I got from EO in the pdf, these should be on your 1h:
1h:
10sma : ORANGE
50sma : LIGHT GREEN
62ema : NEON GREEN
200sma : YELLOW


So the 50sma is what we're referring to here, not the ema.
thanks ny. Just checked the pdf and I see it's 50sma. I have mine set to 50ema. Cheers
  • #3,552
  • Mar 23, 2009 9:22am Mar 23, 2009 9:22am
Turtle,

I like your checklist you've made. I'm sure others as well. I'm going to add some info to it if you don't mind. I also have a new Excel Target sheet I'm working on to help people with their risk per trade.

Good job bro!

BTW: My ass is wore out. Painted this weekend while the family was gone.
Just digging in the trenches like everyone else!
  • #3,553
  • Mar 23, 2009 9:25am Mar 23, 2009 9:25am
Quoting eohater
Turtle,

I like your checklist you've made. I'm sure others as well. I'm going to add some info to it if you don't mind. I also have a new Excel Target sheet I'm working on to help people with their risk per trade.

Good job bro!

BTW: My ass is wore out. Painted this weekend while the family was gone.
Not problem add and update as you wish.

HOLLA
  • #3,554
  • Mar 23, 2009 9:26am Mar 23, 2009 9:26am
EO couldn't you find a painter who would take green pips?
  • #3,555
  • Mar 23, 2009 9:27am Mar 23, 2009 9:27am
Quoting Turtle
Not problem add and update as you wish.

HOLLA
What checklist, fellows?
  • #3,556
  • Mar 23, 2009 9:27am Mar 23, 2009 9:27am
nice. I am planing long on GBP/$ too ........ I had a big loss last night from a short on EU/JPY, normally EU/JPY was good to me. Yesterday I traded what I wanted to see in PE ,not what I have seen on charts. Now trying some scalping with GBP/JPY when it dips....... waiting for good entry point on GBP/$ .........Gald that you guys are green today.......
Happy piping to all of you


Quoting nyjetfan
Morning Banda,

I'd think most are still waiting to see what happens as a fallout of the Geithner plan being detailed today. I'm still waiting until its out in the news to read about before I take any trades. Not that I will base my trades on the news, but then it will have been pretty well absorbed and factored into the market prices.
BANDA333
  • #3,557
  • Mar 23, 2009 9:28am Mar 23, 2009 9:28am
Quoting Komissar
What checklist, fellows?
Post 3461....

HOLLA
  • #3,558
  • Mar 23, 2009 9:29am Mar 23, 2009 9:29am
Quoting Turtle
I did...get in a tad late at 4512, took half of at +25, locked in the rest @+2 and let's see.

Did have a long going before at 4551, took a loss for -16.

Now, I'm looking for the next setup.

HOLLA
S/L hit.....next setup please!!

HOLLA
  • #3,559
  • Mar 23, 2009 9:30am Mar 23, 2009 9:30am
channel line about 4470 (1h) for longs?
  • #3,560
  • Mar 23, 2009 9:31am Mar 23, 2009 9:31am
I just took a long position at 4504. See if this bottom will hold or not.
Just digging in the trenches like everyone else!
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