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Trade what you see NOT what you expect

  • #21,781
  • Aug 7, 2009 11:35am Aug 7, 2009 11:35am
Quoting eohater
Since your used to h1/h4 charts, now you should start seeing how they are comprised with the m15 charts. This is how we get in at the top of the pin/hammers, small draw downs, TP's target our MA's and cover our ass. You'll get it bro!

It takes 4 m15 candles to comprise and hour, so 16 m15 candles to comprise an h4.
Yeah, it's beginning to come together in this sawdust filled head of mine...:nerd:
Ghost Rider - WWTBMD?
  • #21,782
  • Aug 7, 2009 11:38am Aug 7, 2009 11:38am
Closed 3/5's of my E/J If this next 15 stays below the 10 Think I will leave it and go to lunch..

Me says Should I try another short off the 10 on the cable.. Nah I am hungry.. Pippin didn't bring anything back to share.
Good Trading To All ; Ken Lee
  • #21,783
  • Aug 7, 2009 11:39am Aug 7, 2009 11:39am
Quoting PippiNole
Nice trading David.

Have a great weekend and we will bank some more pips next week.

Thanks Bud
  • #21,784
  • Aug 7, 2009 11:40am Aug 7, 2009 11:40am
Any thoughts on the USD/CHF? I think it's ready to fall a bit.
Ghost Rider - WWTBMD?
  • #21,785
  • Aug 7, 2009 11:40am Aug 7, 2009 11:40am
Quoting eohater
Good job David! Enjoy your visit with your friend and take care of your old business. Next week, your journey begins!

Thanks Mate

Chat to you next week
  • #21,786
  • Aug 7, 2009 11:41am Aug 7, 2009 11:41am
Quoting albchr
Any thoughts on the USD/CHF? I think it's ready to fall a bit.

Sorry about that shouldn't have said anything....
Good Trading To All ; Ken Lee
  • #21,787
  • Aug 7, 2009 11:43am Aug 7, 2009 11:43am
Quoting albchr
Any thoughts on the USD/CHF? I think it's ready to fall a bit.
I don't trade it, but from the looks of how it's sitting, I would agree. A little concerned about the flattop h4 candle closed, but we might get a pin on the working h1. Shorts here would require SL on the other side of 1.0846. I'd probably go about 1.0855.
Just digging in the trenches like everyone else!
  • #21,788
  • Aug 7, 2009 11:47am Aug 7, 2009 11:47am
Quoting eohater
I don't trade it, but from the looks of how it's sitting, I would agree. A little concerned about the flattop h4 candle closed, but we might get a pin on the working h1. Shorts here would require SL on the other side of 1.0846. I'd probably go about 1.0855.
So seeing some wick on top of that 4H would be a better sign of some sellers coming in.
Ghost Rider - WWTBMD?
  • #21,789
  • Aug 7, 2009 11:48am Aug 7, 2009 11:48am
Quoting albchr
Yeah, it's beginning to come together in this sawdust filled head of mine...:nerd:


Put some glue with it and you'll have mdf!

Your doing fine bro, just a little off on your entries and maybe a little early at times. Closed candles always tell us the story for the future. When we have a line in the sand, don't be surprise to see price cross it, but it has to close across it to break it in my eyes. Otherwise, it makes the opportunity to get in even more appealing to me.
Just digging in the trenches like everyone else!
  • #21,790
  • Aug 7, 2009 11:52am Aug 7, 2009 11:52am
Quoting albchr
So seeing some wick on top of that 4H would be a better sign of some sellers coming in.
To me it is, it shows that the buyers have full control when a bullish candle closes without a wick. In the past, I would short on the turn of the candle, but I'm finding otherwise and extend some more patience for a counter trade. The last h4 closed shows me that buyers had control of the turn. Price did continue to rise afterwards, but was met with sellers. 10m and a pin might get generated on the h1 for USD/CHF. You can either short it on the open of the next h1 or wait for price to drift up the wick. Regardless of your entry, your SL has to be on the other side of the h1 wick or the most recent high if you will.
Just digging in the trenches like everyone else!
  • #21,791
  • Aug 7, 2009 11:53am Aug 7, 2009 11:53am
Quoting eohater


Put some glue with it and you'll have mdf!

Your doing fine bro, just a little off on your entries and maybe a little early at times. Closed candles always tell us the story for the future. When we have a line in the sand, don't be surprise to see price cross it, but it has to close across it to break it in my eyes. Otherwise, it makes the opportunity to get in even more appealing to me.
Yeah, but actually I felt I had the entries on EJ pretty good today. I know my biggest problem right now EO, FEAR! Wiping out a non replaceable account has my heart pounding with every trade. Getting to BE too fast and killing that EJ for -14 when she would have run is simply proof of that....
Ghost Rider - WWTBMD?
  • #21,792
  • Aug 7, 2009 11:54am Aug 7, 2009 11:54am
Quoting KENNETH lEE
Sorry about that shouldn't have said anything....
Don't be sorry Ken! I don't see that you said anything wrong. Your input is always appreciated and welcomed here.
Just digging in the trenches like everyone else!
  • #21,793
  • Aug 7, 2009 11:57am Aug 7, 2009 11:57am
I've gotta go and grab some lunch. I'll be back shortly.
Just digging in the trenches like everyone else!
  • #21,794
  • Aug 7, 2009 11:59am Aug 7, 2009 11:59am
Quoting eohater


Put some glue with it and you'll have mdf!
MDF? Missing & Declining Funds? Hell, I already got that!!....
Ghost Rider - WWTBMD?
  • #21,795
  • Aug 7, 2009 12:05pm Aug 7, 2009 12:05pm
Quoting KENNETH lEE
Sorry about that shouldn't have said anything....
Huh? You got nothing to be sorry about brother. I appreciate the input and just didn't get around to saying thanks yet...

I know it's GU and EJ in here. I just look to others to see if I'm reading things right. I've never traded it either but it sure looked ripe at first glance...LOL
Ghost Rider - WWTBMD?
  • #21,796
  • Aug 7, 2009 12:14pm Aug 7, 2009 12:14pm
Quoting albchr
Huh? You got nothing to be sorry about brother. I appreciate the input and just didn't get around to saying thanks yet...

I know it's GU and EJ in here. I just look to others to see if I'm reading things right. I've never traded it either but it sure looked ripe at first glance...LOL

I just reread it and it sounded kinda smart ass to me.. No problem.. We do try and keep it light and fun here but you never know who might take something wrong..

You had some good trades to day.. It will come I feel I have crawled closer to the end of the tunnel myself this week. Just don't over extend yourself is the best way to preserve your funds . The price has to breath a little..

I am going to be posting some stuff this weekend about Covering Trades and more on Price Action.. Those are the 2 things that seem to come up more in questions. Also the ones that were holding me back.. Couldn't see the trees from the forest.
Good Trading To All ; Ken Lee
  • #21,797
  • Aug 7, 2009 12:22pm Aug 7, 2009 12:22pm
Quoting KENNETH lEE
I just reread it and it sounded kinda smart ass to me.. No problem.. We do try and keep it light and fun here but you never know who might take something wrong..

You had some good trades to day.. It will come I feel I have crawled closer to the end of the tunnel myself this week. Just don't over extend yourself is the best way to preserve your funds . The price has to breath a little..

I am going to be posting some stuff this weekend about Covering Trades and more on Price Action.. Those are the 2 things that seem to come up more in questions....
I'm all about having fun Ken and I take things very lightly. I honestly didn't read it that way at all so no worries. You'd have to work pretty hard to piss me off anyway........

EDIT: In hindsight, it looks like it would have been a good trade...LOL
Ghost Rider - WWTBMD?
  • #21,798
  • Aug 7, 2009 1:18pm Aug 7, 2009 1:18pm
Back from lunch!
Just digging in the trenches like everyone else!
  • #21,799
  • Aug 7, 2009 1:21pm Aug 7, 2009 1:21pm
Quoting eohater
Back from lunch!

Wow! Long lunch...lol I thought you were gone for the weekend.
Ghost Rider - WWTBMD?
  • #21,800
  • Aug 7, 2009 1:22pm Aug 7, 2009 1:22pm
Quoting albchr
Wow! Long lunch...lol I thought you were gone for the weekend.
Not yet, my girls wanted to go to lunch someplace that was a little farther away than normal.
Just digging in the trenches like everyone else!
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