Trade what you see NOT what you expect | Page 1119 | Forex Factory

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Trade what you see NOT what you expect

  • #22,361
  • Aug 12, 2009 10:04am Aug 12, 2009 10:04am
Quoting eohater


How do you feel about the need for our h4 to close under 6525 to continue the move back south?

BTW, She's freakin teasing us bro!
I agree 100% bro!.. a good close above 6525 will open up 658x- 9x or possibly even 6620 as someone mentioned earlier... I would say caution at the m15 10ema...
Patience + Discipline - Greed = Success
  • #22,362
  • Aug 12, 2009 10:05am Aug 12, 2009 10:05am
Quoting cisco
Hey Pippi, it looks like neither of us won the powerball. Saturday it'll be 186 million.

Cha ching!
Don't tell anybody but the drawing is tonight.


You beat me to it.
  • #22,363
  • Aug 12, 2009 10:07am Aug 12, 2009 10:07am
Quoting yuyudada
Great system,Eohater!
I am a newcomer to this thread, so, can u tell me GMT+? in ur platform?
and, why not post pix with ur posts so that we can understand clear.
Thank you!
Glad you enjoy the system! I cannot and will not take full credit for it. We have some excellent traders that comprised this system.

I don't know what the GMT+ is on my platform...Infinity, do you know?

It's hard for me to trade, narrate what I'm seeing and post charts all at the same time. Sorry, you need to follow on your own charts most of the time.
Just digging in the trenches like everyone else!
  • #22,364
  • Aug 12, 2009 10:09am Aug 12, 2009 10:09am
Quoting Infinity
I agree 100% bro!.. a good close above 6525 will open up 658x- 9x or possibly even 6620 as someone mentioned earlier... I would say caution at the m15 10ema...
We'll get another opportunity on getting in on the short bus. My longs have been closed out.
Just digging in the trenches like everyone else!
  • #22,365
  • Aug 12, 2009 10:10am Aug 12, 2009 10:10am
Quoting fourxtrader
Took a short at 1.6554 with a tight SL.

Now moving SL into profit.

Dr. D.
Good job!
Just digging in the trenches like everyone else!
  • #22,366
  • Aug 12, 2009 10:11am Aug 12, 2009 10:11am
Quoting eohater
Glad you enjoy the system! I cannot and will not take full credit for it. We have some excellent traders that comprised this system.

I don't know what the GMT+ is on my platform...Infinity, do you know?

It's hard for me to trade, narrate what I'm seeing and post charts all at the same time. Sorry, you need to follow on your own charts most of the time.
I'm not sure what his question is regarding gmt+... it should be whatever your system clock is set to... mine is gmt-5...
Patience + Discipline - Greed = Success
  • #22,367
  • Aug 12, 2009 10:12am Aug 12, 2009 10:12am
Quoting bkg102665
EO I was looking over some of our old PM last night and remembered the cross the 15m 35 and close then put pending order in 18 pips above the close in same direction.I have not heard that talked about on the thread.Do you still like that trade?I know with the range we have been in it may not work as well as a trending market.
That setup should be for the reversal, not in the same direction. Only if when we clear the closed price of the m15 candle that closes across the 35/50 by 35 pips, then we're likely to continue on in that direction.
Just digging in the trenches like everyone else!
  • #22,368
  • Aug 12, 2009 10:12am Aug 12, 2009 10:12am
Quoting eohater
Glad you enjoy the system! I cannot and will not take full credit for it. We have some excellent traders that comprised this system.

I don't know what the GMT+ is on my platform...Infinity, do you know?

It's hard for me to trade, narrate what I'm seeing and post charts all at the same time. Sorry, you need to follow on your own charts most of the time.
Well I'd just recommend doing one of two things for 4 hour charts -

Using rumus or MT4.

Rumus can be found here:
http://www.fxclub.com/rumus/

Or MT4 I'd recommend ODL securities as they have the same 4hr candle close as Rumus does:
http://www.odlmarkets.com/

Either one will provide a free demo account you can use, and the templates for both platforms have been posted to the forum in the past.

Hope this helps.
  • #22,369
  • Aug 12, 2009 10:12am Aug 12, 2009 10:12am
Back long @ 1.6510
Please ask questions and share your experiences with us all!
  • #22,370
  • Aug 12, 2009 10:13am Aug 12, 2009 10:13am
Quoting eohater
We'll get another opportunity on getting in on the short bus. My longs have been closed out.
I'm still in my long though most was taken off at 55... I also added at 6505.. looking for a retest of the top... next m15 close will tell the story though....
Patience + Discipline - Greed = Success
  • #22,371
  • Aug 12, 2009 10:13am Aug 12, 2009 10:13am
Quoting Infinity
I'm not sure what his question is regarding gmt+... it should be whatever your system clock is set to... mine is gmt-5...
Then there would be our answer, mine set the same as yours.

Thanks bro! All I know in time is it's 11:13am for me right now and my h4 closes in 47m.
Just digging in the trenches like everyone else!
  • #22,372
  • Edited 10:21am Aug 12, 2009 10:14am | Edited 10:21am
Been out just took a long off the top of the channel and previous price action 1.650X area.. covered with 10. GBP
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Good Trading To All ; Ken Lee
  • #22,373
  • Aug 12, 2009 10:15am Aug 12, 2009 10:15am
Quoting bkg102665
Back long @ 1.6510
What was the price of your short if you don't mind me asking?
Just digging in the trenches like everyone else!
  • #22,374
  • Aug 12, 2009 10:15am Aug 12, 2009 10:15am
Quoting eohater
That setup should be for the reversal, not in the same direction. Only if when we clear the closed price of the m15 candle that closes across the 35/50 by 35 pips, then we're likely to continue on in that direction.
Cool, I gues I had read it wrong.
Please ask questions and share your experiences with us all!
  • #22,375
  • Aug 12, 2009 10:16am Aug 12, 2009 10:16am
closed above the 10 but not above the 5... I would have preferred a close above both... lets see the next close...
Patience + Discipline - Greed = Success
  • #22,376
  • Aug 12, 2009 10:17am Aug 12, 2009 10:17am
Quoting eohater
What was the price of your short if you don't mind me asking?
My entry price was 1.6550
Please ask questions and share your experiences with us all!
  • #22,377
  • Aug 12, 2009 10:17am Aug 12, 2009 10:17am
Quoting Infinity
I'm still in my long though most was taken off at 55... I also added at 6505.. looking for a retest of the top... next m15 close will tell the story though....
Excellent job bro! I'd like to see that top price one more time
Just digging in the trenches like everyone else!
  • #22,378
  • Aug 12, 2009 10:17am Aug 12, 2009 10:17am
Quoting Infinity
closed above the 10 but not above the 5... I would have preferred a close above both... lets see the next close...
A close above the 5 would have been great!
Just digging in the trenches like everyone else!
  • #22,379
  • Aug 12, 2009 10:21am Aug 12, 2009 10:21am
Quoting KENNETH lEE
Been out just took a long off the top of the channel and previous price action 1.650X area.. covered with 10. GBP
Nice one Ken!
Patience + Discipline - Greed = Success
  • #22,380
  • Edited 10:33am Aug 12, 2009 10:23am | Edited 10:33am
  •  blocp
  • | Joined Aug 2009 | Status: Patience, Patience,Patience | 22 Posts
Hi eo and all, just want to say what a brilliant thread and how very addictive and educational it is. I started reading the first 20 pages on sunday and liked what I was reading. The link to babypips was very helpful and I have read through the whole of that. I think that using multi time frames for my trading to supply me with s/r levels is already making my trading clearer, just in the last few days.

Thanks and keep up the good work.

WMLOTO - I also use IGINDEX and have the 4h candles they are in the middle drop down time frame box. My account is spread betting not cfd's, hope this helps.
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