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Trade what you see NOT what you expect

  • #11,001
  • May 4, 2009 10:30am May 4, 2009 10:30am
Quoting cisco
I believe we're about due for a major retracement.
Exactly Cisco...I am with u on that!
  • #11,002
  • May 4, 2009 10:42am May 4, 2009 10:42am
Quoting Shilva
Exactly Cisco...I am with u on that!
I also have feelings for GU going down.
The question is how deep?
If H&S on 15M would play, I would expect 481X.
H&S on Daily could bring it down to 4400 (I wish!).

But it looks like she doesn't want to be knocked down.
  • #11,003
  • May 4, 2009 10:44am May 4, 2009 10:44am
Quoting Komissar
I also have feelings for GU going down.
The question is how deep?
If H&S on 15M would play, I would expect 481X.
H&S on Daily could bring it down to 4400 (I wish!).

But it looks like she doesn't want to be knocked down.
I'm having a hard time seeing a shampoo on the M15. Could you post a chart, please?
Hi, my name is Barry and you can keep your doctor...
  • #11,004
  • May 4, 2009 10:48am May 4, 2009 10:48am
Quoting cisco
I'm having a hard time seeing a shampoo on the M15. Could you post a chart, please?
I posted it already - post 10999.

But it turned into Quasimodo again - the right shoulder is higher then head.
  • #11,005
  • May 4, 2009 10:50am May 4, 2009 10:50am
5ema on m15 still holding... I also see a very strong h4 candle that cleared a few highs......no short yet imo...
Patience + Discipline - Greed = Success
  • #11,006
  • May 4, 2009 10:56am May 4, 2009 10:56am
Quoting Infinity
5ema on m15 still holding... I also see a very strong h4 candle that cleared a few highs......no short yet imo...
careful opening new longs too....
Attached Image (click to enlarge)
Click to Enlarge Name: day.gif Size: 31 KB
Patience + Discipline - Greed = Success
  • #11,007
  • May 4, 2009 11:16am May 4, 2009 11:16am
Quoting Infinity
5ema on m15 still holding... I also see a very strong h4 candle that cleared a few highs......no short yet imo...
Infinity,
There is the pin on 15M, but it's above 5ma.
Should it be ignored?
  • #11,008
  • May 4, 2009 11:19am May 4, 2009 11:19am
Quoting Komissar
Infinity,
There is the pin on 15M, but it's above 5ma.
Should it be ignored?
No pin should be ignored but you have to approach with caution because of the fact that you mentioned...

I took more profit at 5000 and my stop is now at +80...
Patience + Discipline - Greed = Success
  • #11,009
  • May 4, 2009 11:32am May 4, 2009 11:32am
Quoting Infinity
careful opening new longs too....
you're a great trader Infinity. Thanks for the chart
  • #11,010
  • May 4, 2009 11:39am May 4, 2009 11:39am
Quoting Infinity
No pin should be ignored but you have to approach with caution because of the fact that you mentioned...

I took more profit at 5000 and my stop is now at +80...
I would have thought that the further above the 5 EMA a pin is, the more likely the PA will work, I'd be wary of pins that are on or below the 5 EMA. Have I got this reasoning totally wrong?
  • #11,011
  • May 4, 2009 11:59am May 4, 2009 11:59am
In 1923, Who Was:

1. President of the largest steel company?
2. President of the largest gas company?
3. President of the New York stock Exchange?
4. Greatest wheat spec ulator?
5. President of the Bank of International Settlement?
6. Great Bear of Wall Street?



These men were considered some of the worlds most successful of their days.

Now, 80 years later, the history book asks us, if we know what ultimately became of them.

The Answers:


1. The president of the largest steel company.
Charles Schwab,

died a pauper.

2. The president of the largest gas company.
Edward Hopson,
went insane.

3. The president of the NYSE.
Richard Whitney,
was released from prisonto die at home.

4. The greatest wheat speculator.
Arthur Cooger,
died abroad, penniless.

5. The president of the Bank of International Settlement,
shot himself.

6. The Great Bear of Wall Street.
Cosabee Livermore,
also committed suicide


However,
in that same year, 1923, the PGA Champion and the winner of the most important golf tournament, the US Open, was

Gene Sarazen.

What became of him?

He played golf until he was 92,
died in 1999 at the age of 95.
He was financially secure
at the time of his death.

The Moral:

Fuck work.
Play golf.


PS I dont play GOLF !!!!

baz
  • #11,012
  • May 4, 2009 11:59am May 4, 2009 11:59am
Anyone short yet 1h shaping up..
  • #11,013
  • May 4, 2009 12:04pm May 4, 2009 12:04pm
Quoting baz
In 1923, Who Was:

1. President of the....
... The Moral:[/u]

Fuck work.
Play golf.


PS I dont play GOLF !!!!

baz

Whe should learn to play it Baz. Anyone want to end insane
"Even A Thousand Mile Journey Begins with the First Step"
  • #11,014
  • May 4, 2009 12:04pm May 4, 2009 12:04pm
Quoting baz
In 1923, Who Was:

1. President of the largest steel company?
2. President of the largest gas company?
3. President of the New York stock Exchange?
4. Greatest wheat spec ulator?
5. President of the Bank of International Settlement?
[b][font=&quot][color=black]6....

I don't either.....will have to learn though after that....
Patience + Discipline - Greed = Success
  • #11,015
  • May 4, 2009 12:07pm May 4, 2009 12:07pm
Quoting ezodisy
you're a great trader Infinity. Thanks for the chart
You're welcome... Thank you for you kind words... but I am a regular guy learning everyday myself... I am not "great".... see the post baz has about guys who were considered "great" in their time....====>
Patience + Discipline - Greed = Success
  • #11,016
  • May 4, 2009 12:07pm May 4, 2009 12:07pm
Quoting Infinity

I don't either.....will have to learn though after that....
Yeah,Now i know.....Tiger Woods always look Happy....
Shit ,i must start at once.....no time to lose !!!!!!

baz
  • #11,017
  • May 4, 2009 12:09pm May 4, 2009 12:09pm
Hey Infinity, is your personal footie season over?

Got any pics of you and your team?


Where the hell is EO?
Hi, my name is Barry and you can keep your doctor...
  • #11,018
  • May 4, 2009 12:10pm May 4, 2009 12:10pm
Quoting baz
Yeah,Now i know.....Tiger Woods always look Happy....
Shit ,i must start at once.....no time to lose !!!!!!

baz
Here's the instructor Cisco found...... extra incentive....
http://www.digit-8.com/wp-content/im...lf-lessons.jpg
Patience + Discipline - Greed = Success
  • #11,019
  • May 4, 2009 12:11pm May 4, 2009 12:11pm
Quoting Infinity
Here's the instructor Cisco found...... extra incentive....
http://www.digit-8.com/wp-content/im...lf-lessons.jpg
I dont think i will learn any Golf with her around,MY eyes might pop out first !!

baz
  • #11,020
  • May 4, 2009 12:12pm May 4, 2009 12:12pm
Quoting riggster
Anyone short yet 1h shaping up..
Yeah, I'm short.
Attached Image
Hi, my name is Barry and you can keep your doctor...
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