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Trade what you see NOT what you expect

  • #13,701
  • May 29, 2009 10:36am May 29, 2009 10:36am
Quoting eohater
... you should know this trade setup! We've talked about it with the cross of the 35/50 and the 35 pip rule....
... It's the same rule bro on the 35 pips. Just set the PO 20 pips lower than the closed price and then your SL is only 15 pips. Let the market pull you into the trade. Good job on the +22!
Good morning EO, Infinity & all friends.
Just reading your post... I usually trade as Komisar at candle close at 35/50 MA and wait for rebound...
As english is not my native language, is it correct that if I went long based in that close price, also put an conditional order for buy with a thigh SL (15 pips) in the case of price go against the original trade? ... so 1 trade, and other conditional trade ordered??
What is PO??
Thanks in advance
"Even A Thousand Mile Journey Begins with the First Step"
  • #13,702
  • May 29, 2009 10:39am May 29, 2009 10:39am
Quoting BenScoobert
Ive followed this thread for a while, I got a bit pissed off with myself at one point because I just didn't get it, and I didnt post for a while.

Today I'd like to say I'm getting (some of) it, i've traded 3 days this week, I have 32 consecutive wins totalling 210.1 pips.

Here's to the weekend
Way to go Ben.. Yipeee !!! You have earned a great weekend.. Life is Good..
Good Trading To All ; Ken Lee
  • #13,703
  • May 29, 2009 10:40am May 29, 2009 10:40am
Quoting fx local
Yup for sure.....

current candle failed to make new high as yet...

spot on with the short infin should we close below 55 area on hourly
I did this mainly based on the tl I posted and also based on the weakness I see on the dow.. We are above all the critical mas so approaching with caution.... matter of fact... i already took 10pips and covered.... Hell... Its Freaky Friday...not just any Freaky Friday.... end of month Freaky Friday...
Patience + Discipline - Greed = Success
  • #13,704
  • May 29, 2009 10:43am May 29, 2009 10:43am
I'm out of the short...
Patience + Discipline - Greed = Success
  • #13,705
  • May 29, 2009 10:46am May 29, 2009 10:46am
Quoting analizer
Good morning EO, Infinity & all friends.
Just reading your post... I usually trade as Komisar at candle close at 35/50 MA and wait for rebound...
As english is not my native language, is it correct that if I went long based in that close price, also put an conditional order for buy with a thigh SL (15 pips) in the case of price go against the original trade? ... so 1 trade, and other conditional trade ordered??
What is PO??
Thanks in advance
PO is Pending Order. There are times I will enter upon close of the candle and add more after a 20 pip fall and keep my SL on both positions the same being 35 pips from the closed price of the candle that closed through the 15m 35/50. Mind you, my broker blends my price when I add positions instead of opening up a whole new position.
Just digging in the trenches like everyone else!
  • #13,706
  • May 29, 2009 10:47am May 29, 2009 10:47am
Quoting BenScoobert
Ive followed this thread for a while, I got a bit pissed off with myself at one point because I just didn't get it, and I didnt post for a while.

Today I'd like to say I'm getting (some of) it, i've traded 3 days this week, I have 32 consecutive wins totalling 210.1 pips.

Here's to the weekend
Outstanding Ben! Keep the patience up!
Just digging in the trenches like everyone else!
  • #13,707
  • May 29, 2009 10:57am May 29, 2009 10:57am
Quoting eohater
PO is Pending Order. There are times I will enter upon close of the candle and add more after a 20 pip fall and keep my SL on both positions the same being 35 pips from the closed price of the candle that closed through the 15m 35/50. Mind you, my broker blends my price when I add positions instead of opening up a whole new position.
Thanks for your explanation EO
It makes sense
I was confused with your another trigger "15 min 35/50 MA spike through".. that I have never applied because I had not understand it.
Also my broker (oanda blends trades.... )
"Even A Thousand Mile Journey Begins with the First Step"
  • #13,708
  • May 29, 2009 11:06am May 29, 2009 11:06am
Off to lunch! I'm not shorting this, my long position is still moving forward. 6170 is around the corner in my eyes and maybe more. The h4 hanging man does concern me, but the h1 is showing buyers at 6135 ready to pounce, my SL is at 6108 on my remaining position.
Just digging in the trenches like everyone else!
  • #13,709
  • May 29, 2009 11:18am May 29, 2009 11:18am
Quoting eohater
PO is Pending Order. There are times I will enter upon close of the candle and add more after a 20 pip fall and keep my SL on both positions the same being 35 pips from the closed price of the candle that closed through the 15m 35/50. Mind you, my broker blends my price when I add positions instead of opening up a whole new position.
here is a visual..
Attached Image (click to enlarge)
Click to Enlarge Name: 35 50 reversal trade..JPG Size: 161 KB
Good Trading To All ; Ken Lee
  • #13,710
  • May 29, 2009 11:18am May 29, 2009 11:18am
Quoting eohater
Off to lunch! I'm not shorting this, my long position is still moving forward. 6170 is around the corner in my eyes and maybe more. The h4 hanging man does concern me, but the h1 is showing buyers at 6135 ready to pounce, my SL is at 6108 on my remaining position.
got small long running myself from 65, if 00 breaks then could well rush to 6230 then 6260....

stop at BE thou
Trading is 80% Emotional, 20% Technical
  • #13,711
  • May 29, 2009 11:23am May 29, 2009 11:23am
Quoting eohater
Off to lunch! I'm not shorting this, my long position is still moving forward. 6170 is around the corner in my eyes and maybe more. The h4 hanging man does concern me, but the h1 is showing buyers at 6135 ready to pounce, my SL is at 6108 on my remaining position.
Good job bro! I'm done for the week... I wish for everyone a wonderful weekend....
Attached Image
Patience + Discipline - Greed = Success
  • #13,712
  • May 29, 2009 11:38am May 29, 2009 11:38am
Quoting KENNETH lEE
here is a visual..
Thanks for your chart Ken ... very useful as always...
"Even A Thousand Mile Journey Begins with the First Step"
  • #13,713
  • May 29, 2009 11:41am May 29, 2009 11:41am
I closed out my longs for the day and am seeing short signals now.

Think i may take them in a few! If 6200 holds again.
  • #13,714
  • May 29, 2009 11:42am May 29, 2009 11:42am
Quoting KENNETH lEE
here is a visual..
AWESOME Ken Lee.......

Just what I need to add to my notes.

HOLLA
  • #13,715
  • May 29, 2009 11:43am May 29, 2009 11:43am
Quoting Infinity
Good job bro! I'm done for the week... I wish for everyone a wonderful weekend....
You too bro...got a quick short live @6191, grabbed some pips and closed fully.

Bob is ready and Happy Hour is right around the corner.

HOLLA
  • #13,716
  • May 29, 2009 11:50am May 29, 2009 11:50am
My last trade for the week end, scalp short 1.6187, Secure 8 pips. Target 1.6150 ( ema 200 / M1) !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #13,717
  • May 29, 2009 11:50am May 29, 2009 11:50am
EU trying to close above 4118....

That was the opening price of the 10/01/08 monthly candle.

HOLLA
  • #13,718
  • May 29, 2009 11:51am May 29, 2009 11:51am
Quoting Infinity
Good job bro! I'm done for the week... I wish for everyone a wonderful weekend....
Have a great weekend bro! My 6170 was hit and now I'm closing the rest out now. I'm seeing a short opportunity with the pin we got on the 15m. I probably won't take it myself, but I'm keeping my eye on it.

Excellent trading today as usual bro!
Just digging in the trenches like everyone else!
  • #13,719
  • May 29, 2009 11:52am May 29, 2009 11:52am
Quoting manize
My last trade for the week end, scalp short 1.6187, SL 1.6200, Secure 8 pips. Target 1.6105 !
Don't forget buyers around the 6135/40 area.

I'm done for the week.....

Everyone enjoy your weekend.

I'm about to watch the Magic vs. Cavs game again from last night. A Lebron James 4th qtr classic.

HOLLA
  • #13,720
  • May 29, 2009 11:56am May 29, 2009 11:56am
Quoting Turtle
Don't forget buyers around the 6135/40 area.

I'm done for the week.....

Everyone enjoy your weekend.

I'm about to watch the Magic vs. Cavs game again from last night. A Lebron James 4th qtr classic.

HOLLA
No doubt!
Just digging in the trenches like everyone else!
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