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Trade what you see NOT what you expect

  • #17,301
  • Jul 6, 2009 8:57am Jul 6, 2009 8:57am
I don't mean to rain on anyone's parade, but I do believe we might have a long day during the US Session. Just a thought. I'm looking at targets and 6270 will be a TP area with an eye on 6320.
Just digging in the trenches like everyone else!
  • #17,302
  • Jul 6, 2009 9:05am Jul 6, 2009 9:05am
Quoting eohater
I was playing under my pseudo name, Tiger Woods!

I had just gotten out of bed and entered on the turn of the h4. Again,I owe it all to my son.
So trading is just an escape from golf for you? It must be tough trading from the islands in that 160ft. yacht.

I recently signed on as your sons agent and we will be renegotiating for a new bike and skateboard.
  • #17,303
  • Jul 6, 2009 9:07am Jul 6, 2009 9:07am
Quoting PippiNole
So trading is just an escape from golf for you? It must be tough trading from the islands in that 160ft. yacht.

I recently signed on as your sons agent and we will be renegotiating for a new bike and skateboard.
Just digging in the trenches like everyone else!
  • #17,304
  • Jul 6, 2009 9:18am Jul 6, 2009 9:18am
Quoting eohater
We clear the 15m 35/50, I'll be targeting 631x 15m 200sma or h1 62/50
Hi Everyone,

How do you mean we clear 15m 35/50? On my chart I have a 35/50 cross, with small wick...I just went short the opening of the news candle....Do you think it is better to jump out of this short?
  • #17,305
  • Jul 6, 2009 9:20am Jul 6, 2009 9:20am
EOH did you take the 35/50? I took it in my other account and took 30pips. It was a nice 50% retrace from the top at 1 am.
  • #17,306
  • Jul 6, 2009 9:26am Jul 6, 2009 9:26am
Quoting PippiNole
EOH did you take the 35/50? I took it in my other account and took 30pips. It was a nice 50% retrace from the top at 1 am.
I did not. I'm still short in one account and long in another. It definately paid off though.
Just digging in the trenches like everyone else!
  • #17,307
  • Jul 6, 2009 9:28am Jul 6, 2009 9:28am
Quoting PippiNole
EOH did you take the 35/50? I took it in my other account and took 30pips. It was a nice 50% retrace from the top at 1 am.
Hello friends.... long time without trading.
I took this short open at 50 fibo retracement & closed 3/4 at 10 MA for about 50 pips... Let 1/4 in the way
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"Even A Thousand Mile Journey Begins with the First Step"
  • #17,308
  • Jul 6, 2009 9:29am Jul 6, 2009 9:29am
Quoting analizer
Hello friends.... long time without trading.
I took this short open at 50 fibo retracement & closed 3/4 at 10 MA for about 50 pips... Let 1/4 in the way
Good job!
Just digging in the trenches like everyone else!
  • #17,309
  • Jul 6, 2009 9:32am Jul 6, 2009 9:32am
[quote=analizer;2852915]Hello friends.... long time without trading.
I took this short open at 50 fibo retracement & closed 3/4 at 10 MA for about 50 pips... Let 1/4 in the way[/quot

Very nice!
  • #17,310
  • Jul 6, 2009 9:33am Jul 6, 2009 9:33am
Quoting eohater
I did not. I'm still short in one account and long in another. It definately paid off though.
I'm in the same boat now.
  • #17,311
  • Jul 6, 2009 9:34am Jul 6, 2009 9:34am
thanks EO... Wish I could took, the south train yesterday from 1.6300 .... I look like greedy.. Yeah...
"Even A Thousand Mile Journey Begins with the First Step"
  • #17,312
  • Jul 6, 2009 9:36am Jul 6, 2009 9:36am
Quoting PippiNole
I'm in the same boat now.
Did you notice how price only went 33 pips over the price of the closed candle that went through the 15m 35? PO 30 pips away with TIGHT SL of 10 pips is the answer for this one. If it takes out the SL, you turn around and enter long on a pull back.
Just digging in the trenches like everyone else!
  • #17,313
  • Jul 6, 2009 9:40am Jul 6, 2009 9:40am
I had an auto execute at 1.622 the daily S2 retest.
Never reached it .lol.

Thanks for considering my question EO. looking forward to your insights




Quoting analizer
Hello friends.... long time without trading.
I took this short open at 50 fibo retracement & closed 3/4 at 10 MA for about 50 pips... Let 1/4 in the way
  • #17,314
  • Jul 6, 2009 9:41am Jul 6, 2009 9:41am
Quoting robgsxr
I had an auto execute at 1.622 the daily S2 retest.
Never reached it .lol.

Thanks for considering my question EO. looking forward to your insights

No worries! Ask questions anytime. That's what we're here for.
Just digging in the trenches like everyone else!
  • #17,315
  • Jul 6, 2009 9:41am Jul 6, 2009 9:41am
Quoting eohater
Did you notice how price only went 33 pips over the price of the closed candle that went through the 15m 35? PO 30 pips away with TIGHT SL of 10 pips is the answer for this one. If it takes out the SL, you turn around and enter long on a pull back.
Sorry, what does PO mean??
"Even A Thousand Mile Journey Begins with the First Step"
  • #17,316
  • Jul 6, 2009 9:45am Jul 6, 2009 9:45am
Quoting eohater
Did you notice how price only went 33 pips over the price of the closed candle that went through the 15m 35? PO 30 pips away with TIGHT SL of 10 pips is the answer for this one. If it takes out the SL, you turn around and enter long on a pull back.
Thanx EO,

I have already closed my shorts, and went long the opening of the current M15 candle...
  • #17,317
  • Jul 6, 2009 9:46am Jul 6, 2009 9:46am
Quoting eohater
Did you notice how price only went 33 pips over the price of the closed candle that went through the 15m 35? PO 30 pips away with TIGHT SL of 10 pips is the answer for this one. If it takes out the SL, you turn around and enter long on a pull back.
I see that. I waited and entered at 6212 short which also is pretty close to the 50 fib.
  • #17,318
  • Jul 6, 2009 9:47am Jul 6, 2009 9:47am
Quoting analizer
Sorry, what does PO mean??
Pending Order.

I've talked about these setups in the past with the 15m 35/50 cross. Instead of going against the grain right away, set a PO between 20 and 30 pips higher than the price that closed through the 15m 35/50 and tighten the SL, essesntially, keep it the same as if you went on the opening of the next candle. This way, your letting the market pull you in.
Just digging in the trenches like everyone else!
  • #17,319
  • Jul 6, 2009 9:50am Jul 6, 2009 9:50am
afternoon EO Alan Daffy and Ken
  • #17,320
  • Jul 6, 2009 9:52am Jul 6, 2009 9:52am
Quoting eohater
Pending Order.

I've talked about these setups in the past with the 15m 35/50 cross. Instead of going against the grain right away, set a PO between 20 and 30 pips higher than the price that closed through the 15m 35/50 and tighten the SL, essesntially, keep it the same as if you went on the opening of the next candle. This way, your letting the market pull you in.
Ok. thanks... I remember it... only PO was confusing me
"Even A Thousand Mile Journey Begins with the First Step"
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