Trade what you see NOT what you expect

Ashanti Chicken


I am not to confident of our Spinning top .PA trade.. I would probablly close for a bit of profit . If it takes this long.. B E is better than a Negative....

So on the first 3 trades the inverted hangman the shooting start and the flat bottom. the spinning top being a zero. there was over 100 pips there in a hours worth of trading. Realisticlly more like 85 or 90..

I see I ran everyone off... Done for the day not my thread... But you can see what we can do with it.. mark your charts even if you don't take the trades learn to see the possiblities. then work into it. Any new job you wouldn't be expected to equal the people that have been working there for ever. So don't push yourself to hard .. This should be fun and get easier as we go not harder..

Trade Well.. Ken Lee

50/50 trade on E/J 50 ema and 50% fib

GBP /USD is at the 61.8 of the weekly swing /range

Looking at the 50ema on the h4 for a boounce 492x area. Watch your PA on the lower time frames to confirm. She could continue this fall to 475x.

Keep your eye open if we don't get a bounce here at the h4 50, the h1 200 will be next should we clear the 492x area. A bounce from the h1 200 targeting the 15m 200 with SL around 483x would be a good R:R trade.

Thanks Eo hope your day is going ok...

Is that a pin on the 15M. We will see how the H1 turns out.

Long from 4947

Busy bro! Thanks! I hope yours is as well. I walk away for 30 min and we got a fuckin hammer on the 15m and look what she did. Took out my short with very nice profit though.

Got a nice 54 pip scalp on the way up.

That was fun. Let's do it again!

h1 is looking like it's setting up tweezer tops! 7m to go.

Excellent job bro!

So...you're thinking that's going to send us back down?

Thanks, I haven't been trading much lately, so it was a hoot for me.

Yes sir, I do, I'm short from 4998. Watch how price reacts though when we get to the top of the hammer on the 15m that sent us up here.

I actually didn't go long from a candle. I went long because of the previous highs around 1.4945 on the higher time frames. They looked like support to me.

Now I'm looking to see if 1.4985 will hold.

Bailed out at +2. I'm done for now.

Greetings, EO, and All who post here:

I've been in and out, watching with interest, and trying to learn the terminology and complete reading this thread in it's entirety from beginning to now, but,like every good book, the end is worth peeking at.
That said, and also a little background. I come from a camp that does not use candle charts, but a hybrid type charting system that combines ATR, price, MA's,etc. to give a double line chart that measures price AND buying/selling pressure. As a newbie to trading in general,(6 months now) I began there because they have excellent training vids, live feed,community,etc. for a good price each month,and did not feel like a scam. I feel I am missing out,though, on what the rest of the world uses to trade, and thus my urge to learn to trade candle charts as well, plus to help further my understanding why the prices move as they do. Enter price action. I am studying up on this, and have a quick question:

When going over prior charts to find major and minor support/resistance points and marking them in preparation for the current day's setups, what is a good rule of thumb to use as to how far back in time and what timeframe chart to use? I've heard 60 mins is good, but 1 day back? 5 days? what do you fellows (and ladies,if any) use?

Pardon the long winded post, I wanted to introduce myself to all of you, and stay awhile. I enjoyed the thread name, it drew me in RIGHT away when I first saw it a month ago.

Ez

HEY QUIT THAT !!!! Those are my kinda trades.... A Pip in the hand ___ is better than .... Something like that...

That little touch of the 21 ema was worth 20 pips... I took 7 LOL