Trade what you see NOT what you expect
- #9,884
- Apr 24, 2009 3:17am Apr 24, 2009 3:17am
I presume it is safer to sell the rallies but it also appears that safe isn't necessarily the most profitable in EO and infinity's trading world. They seem to instinctively know how to extract pips at will..... It is great to watch and learn but I am honest when I say I would like to do the same 
It looks like the market just froze it must be time for tea in London
What are the rules/guidelines on 2 candles the same???
My concern is we are in a downward channel so these are the the times when I wouldn't be know which way to trade.. It will come in time I am sure and the reason why I am back to my demo tading for a while.
Rob[/quote]
It looks like the market just froze it must be time for tea in London
What are the rules/guidelines on 2 candles the same???
My concern is we are in a downward channel so these are the the times when I wouldn't be know which way to trade.. It will come in time I am sure and the reason why I am back to my demo tading for a while.
Rob[/quote]
- #9,887
- Edited 3:38am Apr 24, 2009 3:36am | Edited 3:38am
The candle top TL headed down is the channel I am watching.
The channel is not so obvious but it is discernable. I can't post a chart as I am using fxcm's marketscope charting package and have no idea how to post it.
Rob
This is the area I mentioned earlier,,,,, what wins out in these cases ... (candle formations) or (trend lines and channels)????
The channel is not so obvious but it is discernable. I can't post a chart as I am using fxcm's marketscope charting package and have no idea how to post it.
Rob
This is the area I mentioned earlier,,,,, what wins out in these cases ... (candle formations) or (trend lines and channels)????
Just a thought..
- #9,890
- Apr 24, 2009 4:00am Apr 24, 2009 4:00am
Gotcha
I can see the trade and will continue trading the channel tops and bottoms
I can see the trade and will continue trading the channel tops and bottoms
Both I guess. PA leads the way and the T/L will help confirm direction..
I took 2 positions off the lower t/l and just closed one for 20 pips other still on from 4601
- #9,891
- Apr 24, 2009 4:03am Apr 24, 2009 4:03am
Gotcha
I can see the trade and will continue trading the channel tops and bottoms
could be way off in next 15..
We'll see
Flyin' by the seat of my pants.......Talk to me Goose.
- #9,893
- Apr 24, 2009 6:28am Apr 24, 2009 6:28am
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Just digging in the trenches like everyone else!
- #9,896
- Apr 24, 2009 6:30am Apr 24, 2009 6:30am
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Just digging in the trenches like everyone else!
- #9,898
- Apr 24, 2009 6:35am Apr 24, 2009 6:35am
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Just digging in the trenches like everyone else!
- #9,899
- Apr 24, 2009 6:36am Apr 24, 2009 6:36am
Morning EO
I got in at 1.45820 Demo still unfortunately but I am learning to read better...Thanks to this thread.
Don't know what to expect for the next new seat, so I will continue reading the charts quietly..
I got in at 1.45820
Demo still unfortunately but I am learning to read better...Thanks to this thread.Don't know what to expect for the next new seat, so I will continue reading the charts quietly..
Did you get in long off the 15m 200sma?
- #9,900
- Apr 24, 2009 6:38am Apr 24, 2009 6:38am
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Patience + Discipline - Greed = Success