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Trade what you see NOT what you expect

  • #24,641
  • Aug 30, 2009 12:15pm Aug 30, 2009 12:15pm
Quoting sblank
Any one have a rate feed?? I have checked 3 sites and EJ @ 1.33 area all others are staying at fri. close????
Try http://xe.com.

I wouldn't put too much stock in any weekend feed. I've found them to be extremely inaccurate in the past.
Hi, my name is Barry and you can keep your doctor...
  • #24,642
  • Aug 30, 2009 12:56pm Aug 30, 2009 12:56pm
Quoting eohater
Sure!
Thanks for the charts with your thoughts it really helps me digest what your trying to convey.

Ive gone over last weeks trades and charts to see what I did good and bad. It was good over all but boy did I miss a slew of obvious trades in hindsight but by this weekly review I hope to get most of these setups second nature and not leave so many pips behind.

Leaving the emotion gremlin at the door and trading mechanically I believe will come easier for me to do as confidence builds and by just trading these setups over and over and over and building trust and confidence in the edge they give.

Looking foward to this coming week and will be looking to open another account with this style of trading I feel handcuffed working from just one direction all the time.

Hope everyone had a fun weekend I sure did and am just chillin today!!
  • #24,643
  • Aug 30, 2009 3:24pm Aug 30, 2009 3:24pm
guys I hope everybody had a great weekend. This week is sure to rain green pips.

I decided while I am trading I need something to do to occupy my mind a little so I decided to pick the bass back up. Hell ya!!! I love this instrument and i feel inspired all over again so I thought I would share with you guys my favorite hero bassist of all time, none other than Les Claypool. Here is a quick video of him doing a metallica cover. He is playing master of puppets with a 6 string fretless bass. Hope you guys enjoy.

Inserted Video
  • #24,644
  • Edited 6:33pm Aug 30, 2009 4:41pm | Edited 6:33pm
EO, thanks for your charts.

Is this a strict def of the before DOW open range or would it enclose 1/2h before and after? Sometimes local extremes are reached before or after the specified times.

How wide is your stop on those trades?



Thanks

tdeu

Quoting eohater
Sure!
  • #24,645
  • Edited 6:33pm Aug 30, 2009 4:44pm | Edited 6:33pm
Hi EO,

appreciated this one a lot. What is your pip difference for the low for this setup?

Is there a similar for DBHLC?

Is this also a setup for higher TF?

Thanks

tdeu

Quoting eohater
I want everyone to look at this chart and understand what I've highlighted....
  • #24,646
  • Aug 30, 2009 8:14pm Aug 30, 2009 8:14pm
Quoting tdeu
Hi EO,

appreciated this one a lot. What is your pip difference for the low for this setup?

Is there a similar for DBHLC?

Is this also a setup for higher TF?

Thanks

tdeu
Hi Tdeu,

I'm not sure I understand your first question. Please expand!

The DBHLC is the same in it's setup. These setups work on any and all time frames. It's just price action. Realize though, if you enter a DBHLC/DBLHC on an h4 candle setup, then the trade must be given 4hrs to develop.

Trade well!

EO
Just digging in the trenches like everyone else!
  • #24,647
  • Aug 30, 2009 8:20pm Aug 30, 2009 8:20pm
I missed all the panty dropping, so I've taken a long on EJ at 132.38, and short on GU at 162.92
Just digging in the trenches like everyone else!
  • #24,648
  • Aug 30, 2009 8:21pm Aug 30, 2009 8:21pm
Key area on EJ is 132.2. Everyone should be able to see that on their h4 charts clearly.
Just digging in the trenches like everyone else!
  • #24,649
  • Aug 30, 2009 8:23pm Aug 30, 2009 8:23pm
Quoting eohater
I missed all the panty dropping, so I've taken a long on EJ at 132.38, and short on GU at 162.92
Shorted GU at 6294 and long EJ at 132.41 and I helped her drop her panties.
  • #24,650
  • Aug 30, 2009 8:24pm Aug 30, 2009 8:24pm
Quoting PippiNole
Shorted GU at 6294 and long EJ at 132.41 and I helped her drop her panties.
Rock on brother! Excellent job on those shorts. I think we'll see the 633x on GU still though.
Just digging in the trenches like everyone else!
  • #24,651
  • Aug 30, 2009 8:27pm Aug 30, 2009 8:27pm
Quoting eohater
Rock on brother! Excellent job on those shorts. I think we'll see the 633x on GU still though.
Thanks I still have one running north.

20 in the bank on EJ.
  • #24,652
  • Aug 30, 2009 8:27pm Aug 30, 2009 8:27pm
EJ is working on a DBLHC, which could present a pin on the h1! After this weekends post, I truely hope people know what do do once our candle closes on the m15.
Just digging in the trenches like everyone else!
  • #24,653
  • Aug 30, 2009 8:31pm Aug 30, 2009 8:31pm
Not the ideal DBLHC, I wish she would of had a top wick on the m15 and the last m15 didn't go lower, but it did. We're going to work on a bottom it would apear
Just digging in the trenches like everyone else!
  • #24,654
  • Aug 30, 2009 8:33pm Aug 30, 2009 8:33pm
Possible 35/50 coming up on GU.
  • #24,655
  • Aug 30, 2009 8:35pm Aug 30, 2009 8:35pm
Quoting PippiNole
Possible 35/50 coming up on GU.
With 200sma on the m15 right in line for it!
Just digging in the trenches like everyone else!
  • #24,656
  • Aug 30, 2009 8:36pm Aug 30, 2009 8:36pm
Higher low on the working m15 once she closes on EJ would be nice for our long positions in shaping up the possible hammer/pin on the h1. That'll leave 15m for the h1 to complete it's formation.
Just digging in the trenches like everyone else!
  • #24,657
  • Aug 30, 2009 8:37pm Aug 30, 2009 8:37pm
Quoting eohater
Not the ideal DBLHC, I wish she would of had a top wick on the m15 and the last m15 didn't go lower, but it did. We're going to work on a bottom it would apear
Watch to see if 132.50 holds on the 1hr close.
  • #24,658
  • Aug 30, 2009 8:39pm Aug 30, 2009 8:39pm
Quoting PippiNole
Watch to see if 132.50 holds on the 1hr close.
Ideally a close above 132.57, the prior h1 low would be helpful as well.
Just digging in the trenches like everyone else!
  • #24,659
  • Aug 30, 2009 8:42pm Aug 30, 2009 8:42pm
45 in the bank on the GU short.
  • #24,660
  • Aug 30, 2009 8:42pm Aug 30, 2009 8:42pm
I jumped on a long on GU early at 6250
Just digging in the trenches like everyone else!
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