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Trade what you see NOT what you expect

  • #4,821
  • Mar 30, 2009 9:05am Mar 30, 2009 9:05am
Quoting currencyexch
Isn't a short 14 4160 in order now?
What do you base this on...?
Patience + Discipline - Greed = Success
  • #4,822
  • Mar 30, 2009 9:08am Mar 30, 2009 9:08am
Quoting cisco
I've got 'entry envy.'


I took some profit at the m15 10ema... rest covered...
Patience + Discipline - Greed = Success
  • #4,823
  • Mar 30, 2009 9:11am Mar 30, 2009 9:11am
Hey guys whats going on? hope everyone had a good weekend!

EO and Infinity...i played a little short trade earlier worked out decent but having trouble seeing the reason to long at this point like you two are discussing. i see the technical reasons behind it but dont trust it with the markets tumbling(i know this correlation has been of and on lately)...but are you two simply playing the chart and the h4 trendline at this point. i carefully read and watch the trades you two discuss on here and enjoy the thread a great deal. i was curious if you two had any other reasons to long at this point or i should say, if i am missing something missing that you guys are seeing? thanks
  • #4,824
  • Mar 30, 2009 9:13am Mar 30, 2009 9:13am
Quoting Infinity
What do you base this on...?
2o day MA and the 200 MA along with 4 hour chart, stocj and MACD
  • #4,825
  • Mar 30, 2009 9:16am Mar 30, 2009 9:16am
Quoting currencyexch
2o day MA and the 200 MA along with 4 hour chart, stocj and MACD
also fib numbers keep coming back to 4160 to 4170 range
  • #4,826
  • Mar 30, 2009 9:16am Mar 30, 2009 9:16am
Quoting currencyexch
2o day MA and the 200 MA along with 4 hour chart, stocj and MACD
No offense, but that might be a slightly different approach than this here.
  • #4,827
  • Mar 30, 2009 9:16am Mar 30, 2009 9:16am
Quoting NwFXenthsist
Hey guys whats going on? hope everyone had a good weekend!

EO and Infinity...i played a little short trade earlier worked out decent but having trouble seeing the reason to long at this point like you two are discussing. i see the technical reasons behind it but dont trust it with the markets tumbling(i know this correlation has been of and on lately)...but are you two simply playing the chart and the h4 trendline at this point. i carefully read and watch the trades you two discuss on here and enjoy the thread a great deal. i was curious if you...
Good to see you!

For long, we have the h4 tl, h4 rejection candle off the tl (not exactly a hammer...), h1 hammer, h1 price action around 4150.. to name a few...

It could still break down, but the risk reward is better for long at this point based on what I see on the chart..
Patience + Discipline - Greed = Success
  • #4,828
  • Mar 30, 2009 9:17am Mar 30, 2009 9:17am
Quoting Xaron
No offense, but that might be a slightly different approach than this here.
No offense taken just looking to be profitable and learn
  • #4,829
  • Mar 30, 2009 9:17am Mar 30, 2009 9:17am
Trichet will talk in a few minutes - might become interesting for all those who expect the ECB to cut the rate on thursday.
  • #4,830
  • Mar 30, 2009 9:21am Mar 30, 2009 9:21am
Took some more profit at the m15 50sma..
Patience + Discipline - Greed = Success
  • #4,831
  • Mar 30, 2009 9:21am Mar 30, 2009 9:21am
EO or Infinity, will you play this short again off the 50ema?
  • #4,832
  • Mar 30, 2009 9:21am Mar 30, 2009 9:21am
Quoting Infinity


I took some profit at the m15 10ema... rest covered...
Took some profit at 4185. I've covered the rest.

Gotta run to a meeting!
Just digging in the trenches like everyone else!
  • #4,833
  • Mar 30, 2009 9:22am Mar 30, 2009 9:22am
looks like 1.4200 might be a good tp.
Hi, my name is Barry and you can keep your doctor...
  • #4,834
  • Mar 30, 2009 9:24am Mar 30, 2009 9:24am
Quoting PippiNole
EO or Infinity, will you play this short again off the 50ema?
Nope... I'm still long based on the higher tfs... and covered..
Patience + Discipline - Greed = Success
  • #4,835
  • Mar 30, 2009 9:24am Mar 30, 2009 9:24am
Quoting eohater
Took some profit at 4185. I've covered the rest.

Gotta run to a meeting!
Have a good one bro!
Patience + Discipline - Greed = Success
  • #4,836
  • Mar 30, 2009 9:25am Mar 30, 2009 9:25am
Quoting Infinity
Nope... I'm still long based on the higher tfs... and covered..
OK,cool!
  • #4,837
  • Mar 30, 2009 9:33am Mar 30, 2009 9:33am
Quoting PippiNole
OK,cool!
Did you take the short off the 50ema...? I did not take it because I was already in a long position from lower down...

Did anyone else take it?
Patience + Discipline - Greed = Success
  • #4,838
  • Mar 30, 2009 9:33am Mar 30, 2009 9:33am
Quoting Infinity
Good to see you!

For long, we have the h4 tl, h4 rejection candle off the tl (not exactly a hammer...), h1 hammer, h1 price action around 4150.. to name a few...

It could still break down, but the risk reward is better for long at this point based on what I see on the chart..

aite cool thanks for getting back to me. im trying to get the best r:r trades because in the past my entries where grabage, but ive gotten a lot better over the past few months after reading the stuff you two post, and i def appreciate it.
  • #4,839
  • Mar 30, 2009 9:35am Mar 30, 2009 9:35am
Quoting NwFXenthsist
aite cool thanks for getting back to me. im trying to get the best r:r trades because in the past my entries where grabage, but ive gotten a lot better over the past few months after reading the stuff you two post, and i def appreciate it.
Patience + Discipline - Greed = Success
  • #4,840
  • Mar 30, 2009 9:35am Mar 30, 2009 9:35am
Quoting Infinity
Did you take the short off the 50ema...? I did not take it because I was already in a long position from lower down...

Did anyone else take it?
I was thinking about short from 4185, but did not take it. Looks like a mistake.
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