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Trade what you see NOT what you expect

  • #12,781
  • May 20, 2009 7:17am May 20, 2009 7:17am
Quoting KENNETH lEE
I missed it also but it would have been a good trade..
Morning, Ken
Did you short it from upper pin?
  • #12,782
  • May 20, 2009 7:22am May 20, 2009 7:22am
Quoting Komissar
Morning, Ken
Did you short it from upper pin?

yes then went long off the 21 , both real quick in and outs. Just trying to teach myself to take the darn trades. there everywhere.. Kinda of like the old saying you can't see the forest for the trees. The trees being the candles and the forest being the relationship of them to each other and the ma's..
Good Trading To All ; Ken Lee
  • #12,783
  • May 20, 2009 7:26am May 20, 2009 7:26am
Quoting KENNETH lEE
yes then went long off the 21 , both real quick in and outs. Just trying to teach myself to take the darn trades. there everywhere.. Kinda of like the old saying you can't see the forest for the trees. The trees being the candles and the forest being the relationship of them to each other and the ma's..
Ken, as usual "Green is green"
I shorted it from 5523, but got scared of something, and exited earlier.
21ma - touch was to fast to catch.
Next setup, please.

It could be a "long story" today.
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  • #12,784
  • May 20, 2009 7:35am May 20, 2009 7:35am
I am going to revisit those 35/50 croses for a moment to help burn it in my mind SORRY.. New Chart ...

First cross. enter opening of the next candle partial. Then according to EO's rule we can add on down the wick. the stop would be 20 to 35 past the wick . so no risk there.. It went up almost 30 pips . So in keeping with the threads standards you should have closed a portion and moved stop to break even or +2. Then we would have got stopped out. with profit. YEAH !!!!

Second cross The price is equal to and not lower than the the first cross and lots higher than the wick on the pin. Enter again on the open of the next candle and this one went straight up. when it failed to cross below the 35/50 on the next candle our signal to add on. I don't know how fast it moved up but again we would have taken profit on portion and (covered) Break even or +2 .

the shooting star ( pin) at the top was our signal to close all or not depends if you are a longer term trader and you have a higher profit target. You could have scaled out here and then add back on after the Hangman off the 21 ema.. Or entered a new positon there.. Which I had I took a short off the top pin and then a long off the 21 ema. Both for minor pips learning to JUMP on the bus right now.
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Good Trading To All ; Ken Lee
  • #12,785
  • May 20, 2009 7:38am May 20, 2009 7:38am
Quoting Komissar
Ken, as usual "Green is green"
I shorted it from 5523, but got scared of something, and exited earlier.
21ma - touch was to fast to catch.
Next setup, please.

It could be a "long story" today.

Might be sideways till FOMC at 2:00 eastern today. yes green is good.
Good Trading To All ; Ken Lee
  • #12,786
  • May 20, 2009 7:43am May 20, 2009 7:43am
I've just observed interesting thing on EU 1H.

62ma bounce off. It's amazing!

Should I join "swingers" club and cheat on GU?
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  • #12,787
  • May 20, 2009 7:43am May 20, 2009 7:43am
Quoting KENNETH lEE
I am going to revisit those 35/50 croses for a moment to help burn it in my mind SORRY.. New Chart ...

First cross. enter opening of the next candle partial. Then according to EO's rule we can add on down the wick. the stop would be 20 to 35 past the wick . so no risk there.. It went up almost 30 pips . So in keeping with the threads standards you should have closed a portion and moved stop to break even or +2. Then we would have got stopped out. with profit. YEAH !!!!

Second cross The price is equal to and not lower than the the first...
Good tutorial there Ken!
  • #12,788
  • May 20, 2009 7:48am May 20, 2009 7:48am
Quoting Komissar
I've just observed interesting thing on EU 1H.

62ma bounce off. It's amazing!

Should I join "swingers" club and cheat on GU?
The Ma's work well on a good many pairs the more docial even better. But less pips to be had.. That is why some of us trade the E/J signals good and moves are genrally a bit bigger. Plus in watching two one is normally behaving itself. So trade the better one. Also the E/J is almost always better in the Asian session of course. Just remember the rules and it should all be good.
Good Trading To All ; Ken Lee
  • #12,789
  • May 20, 2009 8:02am May 20, 2009 8:02am
Hi All, Took this one long @ 483. Lets see if she plays.
  • #12,790
  • May 20, 2009 8:14am May 20, 2009 8:14am
Quoting KENNETH lEE
I am going to revisit those 35/50 croses for a moment to help burn it in my mind SORRY.. New Chart ...

First cross. enter opening of the next candle partial. Then according to EO's rule we can add on down the wick. the stop would be 20 to 35 past the wick . so no risk there.. It went up almost 30 pips . So in keeping with the threads standards you should have closed a portion and moved stop to break even or +2. Then we would have got stopped out. with profit. YEAH !!!!

Second cross The price is equal to and not lower than the the first cross...
Great chart again as usual Ken. I was able to get the long from 5478 for 60 pips and once the pinbar formed took it short but bailed at 5500.
  • #12,791
  • May 20, 2009 8:30am May 20, 2009 8:30am
Quoting riggster
Hi All, Took this one long @ 483. Lets see if she plays.
I took long at 5485, but closed it already, before NY open

Looks like mistake now.
  • #12,792
  • May 20, 2009 8:34am May 20, 2009 8:34am
Quoting riggster
Hi All, Took this one long @ 483. Lets see if she plays.
Good morning mates
Yesterday I have a quiet day.... Now I took this trade with you riggter, at 474... & my thigh SL was hit at ..514 (trade opened based only in TL.. suport at 1 hr... and thigh SL above ..5100 because price is playing long time there.
My morning and hope yours begins green

Pd... premature exit as I can see now... but dont matter... green is green
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"Even A Thousand Mile Journey Begins with the First Step"
  • #12,793
  • May 20, 2009 8:34am May 20, 2009 8:34am
Quoting Komissar
I took long at 5485, but closed it already, before NY open
Went well...Took profit +10 and covered. Took more when she slowed at 520. A little left marching.
  • #12,794
  • May 20, 2009 8:38am May 20, 2009 8:38am
Quoting riggster
Went well...Took profit +10 and covered. Took more when she slowed at 520. A little left marching.
That's my problem.
After some my STUPID actions my account shrunk.
So, I can't afford 3-step trade now, only 2-steps.
  • #12,795
  • May 20, 2009 8:40am May 20, 2009 8:40am
Quoting analizer
Good morning mates
Yesterday I have a quiet day.... Now I took this trade with you rister, at 474... & my thigh SL was hit at ..514 (trade opened based only in TL.. suport at 1 hr... and thigh SL above ..5100 because price is playing long time there.
My morning and hope yours begins green
See what your saying...was a little nervous but held back moving stop up...and then she started to move.

I must be careful when not moving stop as soon as possible...its a very fine line sometimes eh.
  • #12,796
  • May 20, 2009 8:41am May 20, 2009 8:41am
50-60 pip ping pong is fun. Call me Forrest Gump.

Nice trade Riggster!
  • #12,797
  • May 20, 2009 8:43am May 20, 2009 8:43am
Quoting Komissar
That's my problem.
After some my STUPID actions my account shrunk.
So, I can't afford 3-step trade now, only 2-steps.
Sorry to hear that mate, she'll get back up there.

This might as well have been 2 step what ive left on is not really a step its tiny
  • #12,798
  • May 20, 2009 8:49am May 20, 2009 8:49am
breakup of upside now, next stops 1.65/75 over next weeks....
Trading is 80% Emotional, 20% Technical
  • #12,799
  • May 20, 2009 8:50am May 20, 2009 8:50am
Quoting riggster
Sorry to hear that mate, she'll get back up there.

This might as well have been 2 step what ive left on is not really a step its tiny
Good for you, mate.
On such flight even tiny counts.
  • #12,800
  • May 20, 2009 8:50am May 20, 2009 8:50am
Train is arriving the northest estation of my railroad... What will she do next?
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"Even A Thousand Mile Journey Begins with the First Step"
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