Trade what you see NOT what you expect | Page 619 | Forex Factory

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Trade what you see NOT what you expect

  • #12,361
  • May 14, 2009 2:26pm May 14, 2009 2:26pm
Quoting eohater
I would not go long here at this price, but if your already long like myself, my next TP level is 5270. I'm watching the h4 that closes in 49m very close. There is where I might reverse my position, but I might have missed the golden entry at 5245. No worries either way.
Right back up here near 5245. Waiting on my h4 to close in 34m.
Just digging in the trenches like everyone else!
  • #12,362
  • May 14, 2009 2:27pm May 14, 2009 2:27pm
Quoting davids
Yes I saw that nice looking chart I was locked in +1 from 5332 which was just taken out, I will wait till we have more volume
GBP_USD Spot.png

weekly.....BULLISH STRENGTH diminishing at present........FRIDAY will be Intresting...

baz
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Spot.png Size: 11 KB
  • #12,363
  • May 14, 2009 2:29pm May 14, 2009 2:29pm
Quoting baz
GBP_USD Spot.png

weekly.....BULLISH STRENGTH diminishing at present........FRIDAY will be Intresting...

baz
Friday will be very interesting in deed!
Just digging in the trenches like everyone else!
  • #12,364
  • May 14, 2009 2:29pm May 14, 2009 2:29pm
Eoh....i preume DOW is up today ?

baz
  • #12,365
  • May 14, 2009 2:31pm May 14, 2009 2:31pm
Quoting eohater
my h4 shows we could still have a further move north to the 5270.
Actually, this H4 trendline is around 1.533x.
Attached Image
Hi, my name is Barry and you can keep your doctor...
  • #12,366
  • May 14, 2009 2:33pm May 14, 2009 2:33pm
Quoting eohater
Excellent work!
Thank you kind sir!
  • #12,367
  • May 14, 2009 2:33pm May 14, 2009 2:33pm
Hello cisco
  • #12,368
  • May 14, 2009 2:34pm May 14, 2009 2:34pm
Quoting PippiNole
Thank you kind sir!
You still playing with the mistress?
  • #12,369
  • May 14, 2009 2:35pm May 14, 2009 2:35pm
Quoting baz
Eoh....i preume DOW is up today ?

baz
Marginally, 54points.

BTW, I did go short at 5242 when we failed to break above.
Just digging in the trenches like everyone else!
  • #12,370
  • May 14, 2009 2:37pm May 14, 2009 2:37pm
Quoting eohater
Understand! I could recommend to save your money though and not pay for the monthly data feed they are charging you. Their "data feed" price is more of a residual income for Wizetrade or Globaltech or whatever their name is now. Nothing against their products, they have some good products with bells and whistles. But once your comfortable reading the charts, then you won't need the fufu. Think about it, your probably paying $130 per month x 12 months = $1560 that you could apply towards funding an account. Just a thought!

If you don't mind me...
Lol..... you are reading my mind.... all the while I was trying to learn their system, I was getting so frustrated due to the lack of logical explanation of price movement and reversals... their methodology and teaching does not do the price action and S/R theory any justice...it is hard to see true S/R on their charts. I had NEVER tried trading before, and knowing that the trading world is full of snake oil vendors, I picked them as a place to start. I spend 200.00 per month for their Forex and "forex tracker" programs. each program is 100 per month....aside from their Automated trading platforms for stocks and forex, which exceed 3k plus the monthly feed. The real reason I chose them to start was thru a recommendation of a trader who had a thread going on the MSN boards. The community I found there (Wizetrade) was and remains very helpful for a green newbie like me. I am a technician in the way my mind works, so I gravitated to the unhidden way that candle charts and all the analytical tools function...so much different than WT's "what you see is what you get" products. But, to be fair, I owe them much for helping start me on my journey. As you stated, my money will be better spent elsewhere once I grow some Forex feet under me. For now, I use it as a crutch, as well as having made some friends their that I chat with on their chatrooms, as well as a fellow who has helped mentor me that has traded 30+ years, and uses both WT and candle charts together.
Someday, I may unplug my umbilical cord from WT. I already have been using candle charts exclusively for the last 1 1/2 weeks, and like it very much. Their training videos, chatrooms, forums,and daily Web broadcasts have helped me get a firm foundation of understanding to draw from. I had to start somewhere. Thanks for asking.

Ez
  • #12,371
  • May 14, 2009 2:37pm May 14, 2009 2:37pm
Quoting davids
Hello cisco
Howdy!
Hi, my name is Barry and you can keep your doctor...
  • #12,372
  • May 14, 2009 2:38pm May 14, 2009 2:38pm
Quoting davids
You still playing with the mistress?
I always play with the mistress and sometimes with the Mrs. at the same time.
  • #12,373
  • May 14, 2009 2:38pm May 14, 2009 2:38pm
Quoting baz
GBP_USD Spot.png

weekly.....BULLISH STRENGTH diminishing at present........FRIDAY will be Intresting...

baz
I see that as well bro... tomorrow will be very interesting indeed.
Patience + Discipline - Greed = Success
  • #12,374
  • May 14, 2009 2:38pm May 14, 2009 2:38pm
Quoting cisco
Actually, this H4 trendline is around 1.533x.
Yes sir it is! I'm no longer on the long bus though. I was convinced by the 15m candle that failed to surpass the 5245 price to close and reverse. I don't like the low volume, but I've booked 10 and I'm covered now at +2. The long ride was very nice though. I agree, we could still see it go higher. I will assess more once my daily candle closes. The short I took is my last trade of the day til the Asian Session.
Just digging in the trenches like everyone else!
  • #12,375
  • May 14, 2009 2:39pm May 14, 2009 2:39pm
Quoting eohater
Marginally, 54points.

BTW, I did go short at 5242 when we failed to break above.
thanks....ok Guys...see you till later....have patience and stick to your plans,you all will make it....trade safe

baz
  • #12,376
  • May 14, 2009 2:39pm May 14, 2009 2:39pm
Quoting PippiNole
I always play with the mistress and sometimes with the Mrs. at the same time.
And you call me a swinger??

I love a good threesome!
Just digging in the trenches like everyone else!
  • #12,377
  • May 14, 2009 2:40pm May 14, 2009 2:40pm
Quoting davids
Hi Infinity Baz Eo Pippinole Ken

How is everybody doing. Just closed all my longs 121 pips on GU

Does anyone agree that we might see 1.5069

Hello Davids.. Glad to see your making some pips... That is what this is all about Pipage. Although I tried to pay my slip rental with pips and they wouldn't take them..
Good Trading To All ; Ken Lee
  • #12,378
  • May 14, 2009 2:40pm May 14, 2009 2:40pm
Quoting baz
thanks....ok Guys...see you till later....have patience and stick to your plans,you all will make it....trade safe

baz
Take care baz!

Til the London open!
Just digging in the trenches like everyone else!
  • #12,379
  • May 14, 2009 2:41pm May 14, 2009 2:41pm
Quoting eohater
5245 is my next set TP area. If PA is right, I'll reverse.

Good to see you bro!
Thread moving fast bro! Good to see you too! Congrats on the audit!
Patience + Discipline - Greed = Success
  • #12,380
  • May 14, 2009 2:42pm May 14, 2009 2:42pm
Quoting eohater
Marginally, 54points.

BTW, I did go short at 5242 when we failed to break above.
I did as well after my earlier short got taken out entry at 1.52423
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