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Trade what you see NOT what you expect

  • #24,041
  • Aug 25, 2009 6:32am Aug 25, 2009 6:32am
My opinion doesn't count to much today as I cannot claim success at this method but I do agree with staying and learning the method with one currency (GBP USD). That is the reason I came to this thread at its very beginning.

And although I agree there are fewer wtf moments with cable I laugh as I write this as I think we just had one on the last 2 x 15min candles. I shorted this new break out of the asia range and it just kicked me in the nuts



[quote=terje;2988040]I think whichever you start with--and I'm sure some would say that you could start with e/j--you should focus on that one only so you can 1) learn the method, and 2) build confidence through that method.
  • #24,042
  • Aug 25, 2009 6:34am Aug 25, 2009 6:34am
Quoting robgsxr
My opinion doesn't count to much today as I cannot claim success at this method but I do agree with staying and learning the method with one currency (GBP USD). That is the reason I came to this thread at its very beginning.

And although I agree there are fewer wtf moments with cable I laugh as I write this as I think we just had one on the last 2 x 15min candles. I shorted this new break out of the asia range and it just kicked me in the nuts
Rob, if you shorted this at 636x, I'm gonna kick you in the nuts!
Just digging in the trenches like everyone else!
  • #24,043
  • Aug 25, 2009 6:37am Aug 25, 2009 6:37am
6369



Quoting eohater
Rob, if you shorted this at 636x, I'm gonna kick you in the nuts!
  • #24,044
  • Aug 25, 2009 6:39am Aug 25, 2009 6:39am
Quoting eohater
Rob, if you shorted this at 636x, I'm gonna kick you in the nuts!
Morning, fellows

I am thinking to short it as well, but I'll wait till 8am.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1hr.jpg Size: 80 KB
Click to Enlarge Name: 15min.jpg Size: 63 KB
  • #24,045
  • Aug 25, 2009 6:40am Aug 25, 2009 6:40am
Quoting eohater
Rob, if you shorted this at 636x, I'm gonna kick you in the nuts!
UT Oh........Quiet now kiddys.......The teacher is in the room.
Ghost Rider - WWTBMD?
  • #24,046
  • Aug 25, 2009 6:40am Aug 25, 2009 6:40am
Quoting robgsxr
6369
I'm long from 6362.

Look left and you'll see that the m15 failed to go lower and this was it's 3rd higher high. My SL on entry was 6335. Look at the PRIOR PA on the h1 as well.
Just digging in the trenches like everyone else!
  • #24,047
  • Aug 25, 2009 6:41am Aug 25, 2009 6:41am
Quoting robgsxr
6369
I did something similar -- long off a 15m trendline at the same price, though I got the feeling it wouldn't hold and closed for +5 mighty quickly. So I know what you were thinking. But with the close of the 1h like that, in that position, it's many times the case for a reversal north in my experience (clearer if you put it on a 2h time frame). Unfortunately I didn't buy but in hindsight it makes sense (diagonal trendlines have not been friendly these past few weeks....
'The past will always show us the future'
  • #24,048
  • Aug 25, 2009 6:41am Aug 25, 2009 6:41am
Almost worked. short 3 pips below the asia range low

but OUCH the resultant reversal in the demand zone shows I deserved the kicking

Quoting robgsxr
6369
  • #24,049
  • Aug 25, 2009 6:42am Aug 25, 2009 6:42am
Quoting Komissar
Morning, fellows

I am thinking to short it as well, but I'll wait till 8am.
Yeah I want to see if it's just going to test 6407 again.....
Ghost Rider - WWTBMD?
  • #24,050
  • Aug 25, 2009 6:42am Aug 25, 2009 6:42am
Quoting Komissar
Morning, fellows

I am thinking to short it as well, but I'll wait till 8am.
I'm not saying don't short it, I've booked 40 pips on very little draw down though on my long position that I've taken. I still have two short positions open as well.
Just digging in the trenches like everyone else!
  • #24,051
  • Aug 25, 2009 6:42am Aug 25, 2009 6:42am
Quoting eohater
Look left and you'll see that the m15 failed to go lower and this was it's 3rd higher high.
that's a subtle observation. Well done again
'The past will always show us the future'
  • #24,052
  • Edited 7:02am Aug 25, 2009 6:45am | Edited 7:02am
gotcha

I can see the demand and the 3rd higher low now but not until after I was committed short.

Its like learning to read the charts in a different f***ing langauge or learning how to tie my shoe laces all over again. I feel such a twat



Quoting eohater
I'm long from 6362.

Look left and you'll see that the m15 failed to go lower and this was it's 3rd higher high. My SL on entry was 6335. Look at the PRIOR PA on the h1 as well.
  • #24,053
  • Aug 25, 2009 6:48am Aug 25, 2009 6:48am
Quoting robgsxr
gotcha

I can see the demand and the 3rd higher high now but not until after I was committed short.

Its like learning to read the charts in a different f***ing langauge or learning how to tie my shoe laces all over again. I feel such a twat
Don't beat yourself up! Just engrave it in your head!
Just digging in the trenches like everyone else!
  • #24,054
  • Aug 25, 2009 6:57am Aug 25, 2009 6:57am
I've gotta go, my positions are covered green. Have fun playing some gump for a little while. I'll be back on once I get to the office.
Just digging in the trenches like everyone else!
  • #24,055
  • Aug 25, 2009 7:00am Aug 25, 2009 7:00am
Your right EO just frustration getting the better of me at the moment.

Just an observation but the hourly candles seem to be following a 21 ema on their descent which I don't think we are using as part of the method unless I have missed something????

My blue ma in the clipped image




Quoting eohater
Don't beat yourself up! Just engrave it in your head!
Attached Image
  • #24,056
  • Aug 25, 2009 7:05am Aug 25, 2009 7:05am
Quoting albchr
Taking another stab at the mistress.

Long 134.70 off the 1H/200 and 1H support at 134.61. Sl at 134.50.
(.2) standard.

Right call, too tight a SL! DAM! LOL
Ghost Rider - WWTBMD?
  • #24,057
  • Aug 25, 2009 7:15am Aug 25, 2009 7:15am
Good morning everyone, got out of bed to see the 5am 4hr candle looks like the cable is hanging around yesterdays low, been watching this h&s on the daily to see if the neckline breaks.
Attached Image (click to enlarge)
Click to Enlarge Name: jpyday.gif Size: 17 KB
  • #24,058
  • Aug 25, 2009 7:21am Aug 25, 2009 7:21am
Good Morning All
  • #24,059
  • Aug 25, 2009 7:23am Aug 25, 2009 7:23am
Hi David

Quoting davids
Good Morning All
  • #24,060
  • Aug 25, 2009 7:36am Aug 25, 2009 7:36am
Quoting robgsxr
Hi David

Hi Mate
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