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Trade what you see NOT what you expect

  • #21,441
  • Aug 6, 2009 11:08am Aug 6, 2009 11:08am
Quoting albchr
EO, do you have two accounts or one you can hedge with. I notice you have both longs and shorts going. I'm with IBFX, no hedging allowed...lol
Hi,

With oanda you can open an account and sub-accounts, so you can trade both directions..
  • #21,442
  • Aug 6, 2009 11:12am Aug 6, 2009 11:12am
Quoting Isty
Hi Everyone!

What is your S3 David? My is at 6770...I went long at this price, and this flat H4

My S3 is at 1.6771
  • #21,443
  • Aug 6, 2009 11:13am Aug 6, 2009 11:13am
Quoting eohater
Time for lunch for me. I have PO set at 6750 w/ SL at 6720.

Trade well guys, see everyone in about an hour.
hi eo
watch that: 1hour and 4 hour chart update
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  • #21,444
  • Aug 6, 2009 11:18am Aug 6, 2009 11:18am
Quoting eohater
I have three accounts as of this week. I've never hedged in my life bro. I'll take the loss and move on to the next trade.
Perhaps "hedge" was the wrong term. I just meant trades in both directions. Not a buy over a sell which I've seen some do...lol

I wouldn't "hedge" either by that definition. I think it's a great account killer myself. But to have a sell up high and buys on bounces or lows etc. would be great.
Ghost Rider - WWTBMD?
  • #21,445
  • Aug 6, 2009 11:20am Aug 6, 2009 11:20am
Quoting deboooo2005
hi eo
watch that: 1hour and 4 hour chart update
Thanks for the charts deboooo2005
  • #21,446
  • Aug 6, 2009 11:21am Aug 6, 2009 11:21am
Quoting davids
Thanks for the charts deboooo2005
Did you take long on GU?
  • #21,447
  • Aug 6, 2009 11:27am Aug 6, 2009 11:27am
Quoting Isty
Did you take long on GU?
I'm out till now waiting 4 hour candle to close after 36 mins from now ... if its open below 1.6740 ... it will test 1 hour support between 1.6695 to 1.6684 ... if it hold i'll long there .. but if doesnt hold 1.649X .. but cable try to reverse
  • #21,448
  • Aug 6, 2009 11:35am Aug 6, 2009 11:35am
Quoting Isty
Did you take long on GU?
No I am on the short side still
  • #21,449
  • Aug 6, 2009 11:36am Aug 6, 2009 11:36am
Quoting deboooo2005
I'm out till now waiting 4 hour candle to close after 36 mins from now ... if its open below 1.6740 ... it will test 1 hour support between 1.6695 to 1.6684 ... if it hold i'll long there .. but if doesnt hold 1.649X .. but cable try to reverse
I agree with you excellent analysis bro
  • #21,450
  • Aug 6, 2009 11:39am Aug 6, 2009 11:39am
Quoting deboooo2005
I'm out till now waiting 4 hour candle to close after 36 mins from now ... if its open below 1.6740 ... it will test 1 hour support between 1.6695 to 1.6684 ... if it hold i'll long there .. but if doesnt hold 1.649X .. but cable try to reverse
Thanks Debooo,

Very nice charts you posted...I always save yours and draw your S/R on my charts as well if i fail to do myself

I see what you saying, but i take this long (might be early) because my H4 closed flat, just at the S3 price and my H4 EMA50 is at 6745..i placed my SL at 6735..i hope it will work out for me
  • #21,451
  • Aug 6, 2009 12:05pm Aug 6, 2009 12:05pm
Quoting deboooo2005
hi eo
watch that: 1hour and 4 hour chart update
Hey bro! I've got it under reins. My position has not been filled yet, we can see the buyers that came in on this level of 676x. Not very powerful I'd say, but it's been more of a push north than the prior levels. I've adjusted my PO to 6760 and SL at 6735.

My shorts would love to see much lower. I can actually see 658x, but too many people would want to throw stones at me for that statement (I'm pretty sure I said that price level on Tuesday)
Just digging in the trenches like everyone else!
  • #21,452
  • Aug 6, 2009 12:06pm Aug 6, 2009 12:06pm
Quoting Isty
Thanks Debooo,

Very nice charts you posted...I always save yours and draw your S/R on my charts as well if i fail to do myself

I see what you saying, but i take this long (might be early) because my H4 closed flat, just at the S3 price and my H4 EMA50 is at 6745..i placed my SL at 6735..i hope it will work out for me
Debooo's S/R levels are outstanding! Keep up the good work bro!
Just digging in the trenches like everyone else!
  • #21,453
  • Aug 6, 2009 12:07pm Aug 6, 2009 12:07pm
Quoting eohater
Hey bro! I've got it under reins. My position has not been filled yet, we can see the buyers that came in on this level of 676x. Not very powerful I'd say, but it's been more of a push north than the prior levels. I've adjusted my PO to 6760 and SL at 6735.

My shorts would love to see much lower. I can actually see 658x, but too many people would want to throw stones at me for that statement (I'm pretty sure I said that price level on Tuesday)
I'd actually like to long GU here. Last 1H bar, support, lower channel line...Hmmm....
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #21,454
  • Aug 6, 2009 12:11pm Aug 6, 2009 12:11pm
Quoting eohater
Debooo's S/R levels are outstanding! Keep up the good work bro!
Definetaly!! Just like yours EO!!!
  • #21,455
  • Aug 6, 2009 12:11pm Aug 6, 2009 12:11pm
Quoting albchr
I'd actually like to long GU here. Last 1H bar, support, lower channel line...Hmmm....
Go for it then bro! You can see where she needs to stay above and that's 6759. Buyers have shown up, but I'm not sure they will maintain. We could stay in the range of 676x-6800 before the end of the US Session.
Just digging in the trenches like everyone else!
  • #21,456
  • Aug 6, 2009 12:12pm Aug 6, 2009 12:12pm
Quoting albchr
I'd actually like to long GU here. Last 1H bar, support, lower channel line...Hmmm....
I am also waiting for a bottom today but I`m waiting for some sort of climactic selling before that that will stick out like a sore thumb. I think that this h4 bar that just started will break the low of the 9am to 1pm h4 bar and will land @ 1.6750-45. volume so far has not demonstrated any climactic action so far every time price tries to rise on the M5 it is met with equally aggresive selling
from I see, but what do i know
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #21,457
  • Aug 6, 2009 12:13pm Aug 6, 2009 12:13pm
Quoting Isty
Definetaly!! Just like yours EO!!!
Thanks bro! BTW, I'm entering a long position at the close of the m15 candle as long as we stay above the 6759 in price on this close.
Just digging in the trenches like everyone else!
  • #21,458
  • Aug 6, 2009 12:15pm Aug 6, 2009 12:15pm
Quoting djambazov84
I am also waiting for a bottom today but I`m waiting for some sort of climactic selling before that that will stick out like a sore thumb. I think that this h4 bar that just started will break the low of the 9am to 1pm h4 bar and will land @ 1.6750-45. volume so far has not demonstrated any climactic action so far every time price tries to rise on the M5 it is met with equally aggresive selling
from I see, but what do i know
I think you have a very fair look on the market!
Just digging in the trenches like everyone else!
  • #21,459
  • Aug 6, 2009 12:18pm Aug 6, 2009 12:18pm
Quoting eohater
Longs on GU are still a concern to me, if you take one, keep your SL close. We did go 1 pip lower in the current h1 than the prior h1. We could still get a DBLHC on the h1, but she could still drop her pants farther. That damn 1 pip is in my eye and it's all about the details. 1 pip can throw it off easily! I've seen it and said it before in the past.
Good observation! It came true...
  • #21,460
  • Aug 6, 2009 12:18pm Aug 6, 2009 12:18pm
I wonder if that was a clear enough trade call? Maybe I need to post my order entry to show I'm not a fraud!
Just digging in the trenches like everyone else!
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