Trade what you see NOT what you expect

That's EXACTLY why I don't watch the news. Everyone in the country is drivin by what the media says and not reality. Prime example, our govt. and economist said they didn't see this happening until it was too late. I saw this happening 3 years ago and no one wanted to believe me then, now their all wondering what happened to their 401K's and why our economy is in the shape it's in.

Good job bro! Your exactly right and that's why I trade like I do.

I'm outta here.

so many women...so little time.

I feel ya bro.....

I caught the last 30 minutes of the movie "Sicko" by Michael Moore and our healthcare system.

It is a shame....how the US healthcare system treats people and what they charge for there service!

Like I told my wife, everytime you watch the news, what do they want to report....just the shootings.....robberies....the market and anything else that will scare you to death, know wonder why people are hiding in the house!

Why do you think we see so many drug commercials...Makes you wonder!

HOLLA

Pip...has sent the lighting to us......

Catch ya'll later!!!

HOLLA

I'm outta here myself guys! I hope everyone has a great weekend!

EO

Chart

This story is interesting

http://business.timesonline.co.uk/to...cle5989746.ece

I think Soros speaking out like that will put further pressure on sterling.

Here is something ENJOYABLE to read.. kinda fun.. Hope everyone is having a nice weekend.

the cable triangle here is worth a look

http://www.dailyfx.com/story/bio2/FX...186121510.html

phew! Finally made it to the end of the thread - It only took me a week...
Great stuff, i'm a newbie to trading using MA's but u all seem to be doing well with it - I followed Kenneth's thread in babypips to come here, and i'm hooked. Now I need to go back thro everything and attempt to work out the trade set-ups. I have a few questions, if anyone has time to answer I'd appreciate it.

There's a lot of info to absorb, do u recommend just picking one or two set ups, (e.g. 1hr 62 ma bounce) and getting proficient at them before attempting trying to pick up anything else?

What is triple interest, TIW? U mention that a few times and I have no idea what it is - but can google it, so no problem either way.

Eohater - when u say the best place to buy/sell on a pin is in the wick, do u mean as it is retracing to become a pin or do u mean rather than buy/sell break of pin on the next candle u wait for it to come up/down a bit before entering? That way u may miss the trade but won't have much of a negative trade?

How many hours a day do u trade on average? I'm UK based with schoolkids, so school hours are vital to me. I've tried to trade the asian close/europe open but as it is same time as I'm getting kids out to school its pretty tricky. Is it possible to just trade the London, early NY session for instance and still be profitable?

Finally - there are few chart examples of losing (non-profitable) trades, I personally would find it helpful to see some instances of times when the trade set-ups don't work out, to get an idea of drawdown experienced, or a picture of when u would call it a negative trade and bail - do you wait for stop loss to be hit?
Am i right in saying the usual stop loss is 25 - 35 above the wick? Depending on entry off the candle body that would be quite a hit, about 50 pips, is that about right and do you find that fairly easy to make that back up?

Thanks for all the information, its brilliant. I'd like to join in once I get to grips with everything which will take me yonks as I'm not the sharpest spanner in tool box.

good luck to u all - the thread seems lovely and friendly. cheers

London open is THE BEST...and after.....no matter what you trade,Do only DEMO trading.....and Learn Candle Stick formations.....and yes ,you take a Position on a Retrace of the New Candle.ie the Wick Portion of the Candle....EoH will clarify...
but all the best....EOH ,and Infinity....are awesome when it comes to trading 15 min TF...

baz

Hmmm...i wonder if Soros is LONG Cable ?

baz

haha, interesting. it's a possibility I suppose, but I don't think he's saying anything that anybody else isn't.

I do think the dollar is overvalued at the moment, and it's only where it is currently at due to the notion of the US being the base world currency.

The last time he famously went short, he was betting the pound was overvalued, and the BoE would not be able to honour its commitments
to keep the pound within a tight currency range as mandated by the ERM, (think it was called that, it was the precursor to the euro). He won
the bet because he was right on the underlying fundamentals.

I was watching highlights of attacks on Gordon Brown when he visited the European Parliament this week, and one of the MEPs accused him
of making a mistake in selling gold that even an A Level Economics student wouldn't have made. He announced he was going to sell
huge reserves of gold, and he also announced the day he was going to sell the gold, so of course the markets immediately priced it in, and
the value of gold shot down. He then got further lambasted as it turned out he sold gold at the bottom of the market, and had he held on
to it ... well, we all saw where the price climbed to.

1 hour hangman trade

1 hour hangman trade b

Inverted Hammer

Price Action trading

Price Action trading B

I've found a much easier way to trade than what's being discussed on here.

Simply buy currencies when they're over their 3 hour avg price and above houlry 20 period moving average and especially if they break out over key level in this case 1.1300.

Also IF a currency is going up against 100% of other pairs like in this example you are very likely going to make a lot of pips.

GBPUSD and GBPJPY I predicted would break down if breaking 1.4435 and 144.50 respectively. Real time statistical analysis of each and every pair compared to every other pair showed these two pairs were weakest and VERY likely to fall.

No need for bar by bar analysis. Simply find strongest pairs such as USD and JPY and trade them against the weakest GBP and CHF.

I use trendline drawn over/under highs/lows and when broken enter and often exit between the 1.382 and 1.618 fib target.