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Trade what you see NOT what you expect

  • #22,901
  • Aug 17, 2009 3:24am Aug 17, 2009 3:24am
Quoting KENNETH lEE
Be carefull here I have this area marked with Support off the 4 hr chart.
Yep, I have 1H, 4H and daily support at the 6335ish area. Wouldn't be a bit surprised to see a retrace here.
Ghost Rider - WWTBMD?
  • #22,902
  • Aug 17, 2009 3:26am Aug 17, 2009 3:26am
Quoting KENNETH lEE
Another thing regarding line 4 it is also a 00 number that alone is a line in the sand needing to be broken.. Comerccial traders place orders around those numbers.. So it is always smart to be carefull around them.
yeah I agree. Perhaps a little more attention to detail (close 399.5) would have stopped me taking that long at 388. MAs were pointing towards 4/5pm too...
'The past will always show us the future'
  • #22,903
  • Aug 17, 2009 3:28am Aug 17, 2009 3:28am
Quoting KENNETH lEE
Be carefull here I have this area marked with Support off the 4 hr chart.
ken yur becoming a very good trader buddy..keep it up bro!
Attached Images
  • #22,904
  • Aug 17, 2009 3:39am Aug 17, 2009 3:39am
Quoting nAVIN2007
ken yur becoming a very good trader buddy..keep it up bro!

Thanks for the props.. I am trying along with everyone here. I do all that I do to help me as well as our fellow threadies here. My main issues revolve around myself ,not the lack of knowing the strategies. But some of the ideas put forth here I believe can help people conquer there own devils

Of course once I figure it out I will share my thoughts... I am like a leaky faucet ...
Good Trading To All ; Ken Lee
  • #22,905
  • Aug 17, 2009 4:18am Aug 17, 2009 4:18am
Started to read this thread, looks very nice I also trade the higher TF with J16 style PA. Looking forward to demoing this,if possible which brings me to my question.

I see that this can be traded on the US session, I am based in the UK so can only trade the last 2-3 hours of the New York Session? Is this any use with this system?
I hear and I forget. I see and I remember. I do and I understand.
  • #22,906
  • Aug 17, 2009 4:32am Aug 17, 2009 4:32am
Hi everyone,


Ken thanks for your hard work again, and Chris to reformat it so saved it for my studies..I always like to reading and rereading your tutorials Guys just like EO's pdf, i think i read that one 10 times....You can always find sy new and useful things to learn about..Thanks again.Good job
  • #22,907
  • Aug 17, 2009 5:02am Aug 17, 2009 5:02am
Excellent thread!!!
“You adapt, evolve, compete or die.”
  • #22,908
  • Aug 17, 2009 5:45am Aug 17, 2009 5:45am
Quoting Isty
Hi everyone,


Ken thanks for your hard work again, and Chris to reformat it so saved it for my studies..I always like to reading and rereading your tutorials Guys just like EO's pdf, i think i read that one 10 times....You can always find sy new and useful things to learn about..Thanks again.Good job
My pleasure Isty. Although Ken did all the hard "smart" work...
Ghost Rider - WWTBMD?
  • #22,909
  • Aug 17, 2009 6:36am Aug 17, 2009 6:36am
Thanks Chris

Quoting albchr
Good morning Ken,

I wanted to contribute at least a little something to the thread so I hope you don't mind me reformatting your AWESOME text document into a word format.

I had to edit a some spaces and tabs out and did a small amount of spelling correction but other than that, I left it the way you had it set up.

Thanks for all your great work, time and effort....

Chris

EDIT: I've included Ken's charts in this Word Documnet as well now
  • #22,910
  • Aug 17, 2009 6:45am Aug 17, 2009 6:45am
not sure if this odd-looking shampoo counts but a projection would be to c1.58
'The past will always show us the future'
  • #22,911
  • Edited 8:06am Aug 17, 2009 7:53am | Edited 8:06am
Quoting terje
not sure if this odd-looking shampoo counts but a projection would be to c1.58
I'm looking at a 4h retrace to the 5sma (1.6376)
which coincides with the 1h 10sma (1.6374) and the
15m 50ema (1.6373) before continuing further south.

This area is also a 50% fib retrace on the daily.

Dr. D.

Note: this target zone keeps getting lower with
each tf change since the MA's are ever changing.
  • #22,912
  • Edited 8:15am Aug 17, 2009 8:13am | Edited 8:15am
Hi Dr D

I don't know if this is relevant but my hourly 10 sma is at 1.6351 and the last candle registered 1.6361 (Edit last hour 1.6364 )

Mine is an sma set to closed

Rob


Quoting fourxtrader
I'm looking at a 4h retrace to the 5sma (1.6376)
which coincides with the 1h 10sma (1.6374) and the
15m 50ema (1.6373) before continuing further south.

This area is also a 50% fib retrace on the daily.

Dr. D.

Note: this target zone keeps getting lower with
each tf change since the MA's are ever changing....
  • #22,913
  • Aug 17, 2009 8:19am Aug 17, 2009 8:19am
We'll see if this plays out: (from the pdf manual)

b) 15m-35-50MA cross and reverse:
When you see a close of 15m candle through the 35 and 50 with a
short wick, trade a reversal on the opening of the next candle.

If we move up and through the white 35sma and
green 50ma lines on this chart..... 1.6370's area.

Dr. D.
Attached Image
  • #22,914
  • Aug 17, 2009 8:23am Aug 17, 2009 8:23am
Its what I am waiting for

The eur/jpy (Pippi's mistress) is ripe for the same


Quoting fourxtrader
We'll see if this plays out: (from the pdf manual)

b) 15m-35-50MA cross and reverse:
When you see a close of 15m candle through the 35 and 50 with a
short wick, trade a reversal on the opening of the next candle.

Dr. D.
  • #22,915
  • Aug 17, 2009 8:26am Aug 17, 2009 8:26am
Hi Guys

Just back from a week in Tuscany where the only trading I could do was EurGBP conversion which did not work very well as it was a one-way expenditure. Glad to see u guys are sticking to your morning routines of wake up, short cable, shower, shave, short again.

But are the yanks gonna buy these cheap stocks...
Ride the Bulls bearback!
  • #22,916
  • Aug 17, 2009 8:29am Aug 17, 2009 8:29am
Quoting robgsxr
Hi Dr D

I don't know if this is relevant but my hourly 10 sma is at 1.6351 and the last candle registered 1.6361 (Edit last hour 1.6364 )

Mine is an sma set to closed

Rob


Rob,

You are so right!

As I said the 'moving averages' are forever 'moving'.
When I first pulled up the chart before the hourly
change, and then since, the 1h 10sma has dropped
sharply.

Dr. D.
  • #22,917
  • Aug 17, 2009 8:30am Aug 17, 2009 8:30am
What session/times do you guys trade this method?
I hear and I forget. I see and I remember. I do and I understand.
  • #22,918
  • Aug 17, 2009 8:35am Aug 17, 2009 8:35am
Question:

What constitutes a 'tweezer'?

Is one forming?

Here's a 1h chart with 25m to go.

Dr. D.
Attached Image
  • #22,919
  • Aug 17, 2009 8:37am Aug 17, 2009 8:37am
Hi Al

I wish I read that instruction this morning. I am the loser who started off trying to catch the falling knife
I am pretty battle scarred because of it.
Punishment: In the cooler and back to the demo for a week


Quoting alcando
Hi Guys

Just back from a week in Tuscany where the only trading I could do was EurGBP conversion which did not work very well as it was a one-way expenditure. Glad to see u guys are sticking to your morning routines of wake up, short cable, shower, shave, short again.

But are the yanks gonna buy these cheap stocks...
  • #22,920
  • Aug 17, 2009 8:39am Aug 17, 2009 8:39am
Good morning everyone!

I hope everyone had a great weekend!
Just digging in the trenches like everyone else!
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