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Trade what you see NOT what you expect

  • #7,821
  • Apr 15, 2009 8:46am Apr 15, 2009 8:46am
Quoting micho
Pounce kitty, pounce!!!
Just digging in the trenches like everyone else!
  • #7,822
  • Apr 15, 2009 8:46am Apr 15, 2009 8:46am
Quoting micho
dont worry, we wont
Damn bro! That's some confidence you have there! I know you play your trades differently, what's your fibs telling you?
Just digging in the trenches like everyone else!
  • #7,823
  • Apr 15, 2009 8:47am Apr 15, 2009 8:47am
she kicked the kitties'ass
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When life gives you lemons, make lemonade
  • #7,824
  • Apr 15, 2009 8:49am Apr 15, 2009 8:49am
Quoting eohater
Damn bro! That's some confidence you have there! I know you play your trades differently, what's your fibs telling you?
well suppose she went against us now, so i will add longs everytime i see a signal and in the end i close them for the adjusted target... its gonna be green because we play it safely in good places... its not like we are buying in the wrong place, we bought in a good place and now we have to wait... thats all

thats how i see it, fibo says first target still 1.4991, if we go down more, i adjust target lower
lets just wait and see
When life gives you lemons, make lemonade
  • #7,825
  • Apr 15, 2009 8:50am Apr 15, 2009 8:50am
Quoting eohater
If the shampoo on the 15m plays out, we sure could. Let's hope we get a rinse here instead and go test the neckline/head.
yeah looks dangerous, i'll be waiting at 4835 or 5035 for my next trade. in the meantime gotta take my car for MOT . Good luck everyone and save some pips for me when i get back
  • #7,826
  • Apr 15, 2009 8:50am Apr 15, 2009 8:50am
10/10 and i am looking to make it 11/11
When life gives you lemons, make lemonade
  • #7,827
  • Apr 15, 2009 8:51am Apr 15, 2009 8:51am
Hi guys,
I appeared as an anonymous guest due to not being signed in, sorry. I am still a guest thoough just quiet.

Rob

Quoting eohater
I see some new faces in the crowd today. Welcome to our thread! All the guests, I recommend you join the factory.
  • #7,828
  • Apr 15, 2009 8:54am Apr 15, 2009 8:54am
Good luck with your car MOT mine just failed but I cant be bothered to do the work as I would rather be here learning on EO's thread.




Quoting PipLand
yeah looks dangerous, i'll be waiting at 4835 or 5035 for my next trade. in the meantime gotta take my car for MOT . Good luck everyone and save some pips for me when i get back
  • #7,829
  • Apr 15, 2009 8:55am Apr 15, 2009 8:55am
Quoting PipLand
yeah looks dangerous, i'll be waiting at 4835 or 5035 for my next trade. in the meantime gotta take my car for MOT . Good luck everyone and save some pips for me when i get back
Cool bro! Good luck with the car! There will be plenty of pips waiting for you when you get back!
Just digging in the trenches like everyone else!
  • #7,830
  • Apr 15, 2009 8:56am Apr 15, 2009 8:56am
Quoting eohater
I'm still long on cable and added at 4939 to my long soldiers for another march northbound. Targeting 1.5000 to take some more profit.
hi eo, just found this journal and look forward to sifting through the 500 odd pages, but thought i'd jump to the end and see what you guys were doing atm.

with your long at 4939, where did you place your stop loss? and did you go long because there were three bars previously that stalled at support at 4923/24?

thanks in advance and keep up the good work
  • #7,831
  • Apr 15, 2009 8:57am Apr 15, 2009 8:57am
Quoting robgsxr
Hi guys,
I appeared as an anonymous guest due to not being signed in, sorry. I am still a guest thoough just quiet.

Rob
Welcome Rob! Hope your enjoying the thread!
Just digging in the trenches like everyone else!
  • #7,832
  • Apr 15, 2009 8:58am Apr 15, 2009 8:58am
Quoting doritos123
hi eo, just found this journal and look forward to sifting through the 500 odd pages, but thought i'd jump to the end and see what you guys were doing atm.

with your long at 4939, where did you place your stop loss? and did you go long because there were three bars previously that stalled at support at 4923/24?

thanks in advance and keep up the good work

Welcome to the thread! Download the pdf on post one, it'll help bring you up to speed. I took the entry based upon the rejection on the 15m with the wicks and then the hammer that came in for us. Still not where I want her to be right now though.
Just digging in the trenches like everyone else!
  • #7,833
  • Apr 15, 2009 9:01am Apr 15, 2009 9:01am
Absolutely have been religiously for quite some time.
A question totally unassociated with your strategy if I may.
I hear a lot about Wednesday being Triple interest something.... and assume it has some significance to prices. Is any one able to explain this in simple terms or send me off to some reading material.

Good fortune to everyone

Quoting eohater
Welcome Rob! Hope your enjoying the thread!
  • #7,834
  • Apr 15, 2009 9:04am Apr 15, 2009 9:04am
Quoting robgsxr
Absolutely have been religiously for quite some time.
A question totally unassociated with your strategy if I may.
I hear a lot about Wednesday being Triple interest something.... and assume it has some significance to prices. Is any one able to explain this in simple terms or send me off to some reading material.

Good fortune to everyone
It doesn't affect the price we trade, it's the interest that is either charged or gained at the end of your broker's day on Wednesday. Your broker will be better able to explain how and when it kicks in for you.
Just digging in the trenches like everyone else!
  • #7,835
  • Apr 15, 2009 9:05am Apr 15, 2009 9:05am
I will be taking profit at 4980 on this position and keep the rest covered.
Just digging in the trenches like everyone else!
  • #7,836
  • Apr 15, 2009 9:08am Apr 15, 2009 9:08am
We clear 503x today, we will be seing 513x in my eyes for the next shorting opportunity. If 503x holds, down she'll go for some nice range trading.
Just digging in the trenches like everyone else!
  • #7,837
  • Apr 15, 2009 9:10am Apr 15, 2009 9:10am
Just to clarify,
I meant does this perhaps affect traders holding their positions upto a certain time on Wednesdays and then perhaps dumping them all at once or buying / selling certain currencies in an attempt to gain more on interest before the interest payout.
I will google it.

Thanks


Quoting eohater
It doesn't affect the price we trade, it's the interest that is either charged or gained at the end of your broker's day on Wednesday. Your broker will be better able to explain how and when it kicks in for you.
  • #7,838
  • Edited 9:13am Apr 15, 2009 9:11am | Edited 9:13am
Thanks EO

Just to clarify,
I meant does this perhaps affect traders holding their positions upto a certain time on Wednesdays and then perhaps dumping them all at once or buying / selling certain currencies in an attempt to gain more on interest before the time it is paid out.
I will google it.

Thanks


Quoting eohater
It doesn't affect the price we trade, it's the interest that is either charged or gained at the end of your broker's day on Wednesday. Your broker will be better able to explain how and when it kicks in for you.
  • #7,839
  • Apr 15, 2009 9:12am Apr 15, 2009 9:12am
Quoting robgsxr
Just to clarify,
I meant does this perhaps affect traders holding their positions upto a certain time on Wednesdays and then perhaps dumping them all at once or buying / selling certain currencies in an attempt to gain more on interest before the interest payout.
I will google it.

Thanks
It definately affects whether a trade will hold a position. I will not, I have to be up very nicely to hold the position. When I say nice, I mean 200 pips. If we're over 503x near the daily close, I will still have my longs otherwise, I'll go flat and find a new seat.
Just digging in the trenches like everyone else!
  • #7,840
  • Apr 15, 2009 9:13am Apr 15, 2009 9:13am
Quoting eohater
I will be taking profit at 4980 on this position and keep the rest covered.
1st TP level hit. Now moving SL more positive and targeting 5010 for another set to come off. PA could cause me to close this and reverse once we get near the top. Keep your eyes peeled.
Just digging in the trenches like everyone else!
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