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Trade what you see NOT what you expect

  • #8,061
  • Apr 16, 2009 4:59am Apr 16, 2009 4:59am
Quoting micho
well you should ask the expert guys who follow the moving averages... in my method i dont work with the moving average
sorry

  • #8,062
  • Apr 16, 2009 5:01am Apr 16, 2009 5:01am
Quoting micho
well you should ask the expert guys who follow the moving averages... in my method i dont work with the moving average
sorry
All good mate any info is appreciated, i still got along way to go.
  • #8,063
  • Apr 16, 2009 5:01am Apr 16, 2009 5:01am
Inverted hangman , now on the 15min damo!
  • #8,064
  • Apr 16, 2009 5:03am Apr 16, 2009 5:03am
Quoting FOURX
Inverted hangman , now on the 15min
still doesn't indicate anything for me
When life gives you lemons, make lemonade
  • #8,065
  • Apr 16, 2009 5:07am Apr 16, 2009 5:07am
long, tight SL, first target 1h 62EMA
  • #8,066
  • Apr 16, 2009 5:19am Apr 16, 2009 5:19am
Quoting bosko
long, tight SL, first target 1h 62EMA
  • #8,067
  • Apr 16, 2009 5:23am Apr 16, 2009 5:23am
i took this trade , my is on breakeven already..the last 4hr looked hectic
Attached Image (click to enlarge)
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  • #8,068
  • Edited 5:30am Apr 16, 2009 5:28am | Edited 5:30am
Well done Bosko
I took the same trade, convinced myself I had done wrong and closed manually for -3 pips.

Its looking good for you




Well done Nav as well.
I feel a little pleased because at least I analysed well just executed poorly



Quoting bosko
long, tight SL, first target 1h 62EMA
  • #8,069
  • Apr 16, 2009 5:37am Apr 16, 2009 5:37am
Quoting robgsxr
Well done Bosko
I took the same trade, convinced myself I had done wrong and closed manually for -3 pips.

Its looking good for you




Well done Nav as well.
I feel a little pleased because at least I analysed well just executed poorly
well i hope you didnt change your mind because of me
you know everybody trades differently so once you have a strategy dont listen to others cause they trade differently
When life gives you lemons, make lemonade
  • #8,070
  • Apr 16, 2009 5:37am Apr 16, 2009 5:37am
Quoting robgsxr
Well done Bosko
I took the same trade, convinced myself I had done wrong and closed manually for -3 pips.

Its looking good for you




Well done Nav as well.
I feel a little pleased because at least I analysed well just executed poorly
hey Rob!

I also took the inverted hangman ,but closed for 12 when it delayed back up the wick.

I find it hard to convince myself that inv. h/man is a reversal signal, not a pinbar for short continuation. (Can anyone spread any light on this?)

Thanks
  • #8,071
  • Apr 16, 2009 5:43am Apr 16, 2009 5:43am
for daily candle chart GBPUSD now we can see a bearish engulfing pattern.
attention to upper wick today.
1.47 is on table
  • #8,072
  • Apr 16, 2009 5:45am Apr 16, 2009 5:45am
Quoting hussin naiji
for daily candle chart GBPUSD now we can see a bearish engulfing pattern.
attention to upper wick today.
1.47 is on table
ONLY GBP have hard for 2.8560
  • #8,073
  • Apr 16, 2009 5:47am Apr 16, 2009 5:47am
now
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  • #8,074
  • Apr 16, 2009 5:49am Apr 16, 2009 5:49am
have a more green pips for dear all specially EO
  • #8,075
  • Apr 16, 2009 6:00am Apr 16, 2009 6:00am
we might go to 1.47x yes but we can also go up without going to 1.47x
i wait and see
When life gives you lemons, make lemonade
  • #8,076
  • Apr 16, 2009 6:09am Apr 16, 2009 6:09am
Quoting damo9893
Long at 4940, looking at adding more near 62EMA if she goes there.

And hello Ken Lee, i followed your thread on babypips.

Welcome..Damo, There was 2 trades of about 30 pips each around the 4940 area. one at 3:00 am eastern and 4:00 eastern USA time. The first was the first touch off the 50 sma 1 hr and the 200 sma 15 min. If you have read the PDF you know we take profits at the ma's The first went to the 10 ema , the second to the 21 ema . Both trades were combination of the S/R area or Previous Price Action (PA as it is known here) and the Sma Touches. Not the best trades to take but average for slow periods of the sessions.

Those would also require tight stops. When trading just PA and S/R as you can now see being in a down trend at the moment it went down 100 pips,
Good Trading To All ; Ken Lee
  • #8,077
  • Apr 16, 2009 6:14am Apr 16, 2009 6:14am
and now near our 2 day bottom we will see what happens..

Damo if you have questions ask , But EO and Infinity are the experts of this thread.. So might hold off till you see them on the thread.. Cheers.
Good Trading To All ; Ken Lee
  • #8,078
  • Apr 16, 2009 6:23am Apr 16, 2009 6:23am
Quoting KENNETH lEE
and now near our 2 day bottom we will see what happens..

Damo if you have questions ask , But EO and Infinity are the experts of this thread.. So might hold off till you see them on the thread.. Cheers.
4780 is the crucial area imo.... we break there... we could head towards 4580...
Patience + Discipline - Greed = Success
  • #8,079
  • Apr 16, 2009 6:28am Apr 16, 2009 6:28am
Quoting KENNETH lEE
Welcome..Damo, There was 2 trades of about 30 pips each around the 4940 area. one at 3:00 am eastern and 4:00 eastern USA time. The first was the first touch off the 50 sma 1 hr and the 200 sma 15 min....
Cheers mate, i have been through the PDF a couple of times and read through the tread to catch up, pretty easy for the first 200 pages but after that it was hard work trying to keep up with everyone posting every 5 secs. Its awesome but, good bunch of people to trade with im sure i will be here for a long time

Quoting KENNETH lEE
and now near our 2 day bottom we will see what happens..

Damo if you have questions ask , But EO and Infinity are the experts of this thread.. So might hold off till you see them on the thread.. Cheers.
Yer i sure will, the only prob is i live in Australia so when you guys are all on here, im

Cheers

Damo
  • #8,080
  • Apr 16, 2009 6:34am Apr 16, 2009 6:34am
One of the most common trades I see and miss most of the times , Is these. Price leaves area and we missed it , what now.. On either of these trades, if your skilled and confident you could have taken them off the top of the Tweezers. and had a tighter stop. It coresponded to the 50% fib and the 21 EMA.

But if your like me and you see most of this trades after they leave the station. You can catch them on the entry area that is common for flattop signals. which is the next candle .. As shown..

But if you read the PDF a pullback to the 10 or 21 ema and they are pointed down at 5;00 oclock is a entry. which is also the tops.. Then you can have a tighter stop, ( which equals less risk)
Attached Image (click to enlarge)
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Good Trading To All ; Ken Lee
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