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Trade what you see NOT what you expect

  • #25,541
  • Sep 7, 2009 9:57pm Sep 7, 2009 9:57pm
Quoting johnnykanoo
Happy labor day all.

EO I would love to see you teach your setups more specifically. As of right now I trade the 5 oclock somewhere and price action reversals and that is it.

I am in a crazy situation now. I was just put into a situation where now I will be forced to make my money trading forex. I don't know of any other way. It is fall time and I just lost a huge job for the winter and am forced to basically shut my doors. It really sucks coz my guys are screwed too. Usually I would have them clean the shop or whatever but my company is out...
Hi John,

Right John, im in the same situation, now since last month I am forced to trade for a living, until now i trade 0.50 usd by pips, i have to increase it to a minimum of 1 usd by pip (risk management 2%) as soon as i feel good with it, i will increase it, step by step....
Trade with the momentum
  • #25,542
  • Sep 8, 2009 4:18am Sep 8, 2009 4:18am
Pretty quiet around here today, hopefully everyone is busy collecting pips
  • #25,543
  • Sep 8, 2009 4:31am Sep 8, 2009 4:31am
  •  refugee
  • | Joined Aug 2009 | Status: Be patient, cautious, & skeptical. | 50 Posts
lady, was thinking the same thing.... huge break occurring.. traders want to trade after the long weekend I suppose. How are you faring this morning so far? Got 84% on your account this week yet??
  • #25,544
  • Sep 8, 2009 4:49am Sep 8, 2009 4:49am
Morning all,

I wish!!

I was taken out of longs at 2.43 am gmt. My stop was 1.63235.
My chart package shows the low at that time and over night was 1.63215... A couple of pips cost 200 plus pips on the ride up this morning...

Now it is tricky for me to know what to do, I cannot read where this is going...




Quoting luckylady
Pretty quiet around here today, hopefully everyone is busy collecting pips
  • #25,545
  • Sep 8, 2009 5:30am Sep 8, 2009 5:30am
Quoting luckylady
Pretty quiet around here today, hopefully everyone is busy collecting pips
Oh...scraping a few together...lol

Morning Everyone....
Attached Image (click to enlarge)
Click to Enlarge Name: gu_4_hour.gif Size: 27 KB
Ghost Rider - WWTBMD?
  • #25,546
  • Sep 8, 2009 5:49am Sep 8, 2009 5:49am
Stepping out for a while..

Will look for short signals a little later once this move has had a breather.
If this 1.657 area breaks I'm thinking 1.662 to 1.666 ( Even 1.6700 if the momentum keeps up)

good trading everyone
  • #25,547
  • Sep 8, 2009 5:50am Sep 8, 2009 5:50am
Quoting refugee
lady, was thinking the same thing.... huge break occurring.. traders want to trade after the long weekend I suppose. How are you faring this morning so far? Got 84% on your account this week yet??
Give me a bit of time, I wasn't expecting to reach that target until tomorrow morning
  • #25,548
  • Sep 8, 2009 8:42am Sep 8, 2009 8:42am
Good morning everyone! Back from my short Holiday and had a great time. I notice alot of responses to my post on Friday about finding your setup and I'll get those addressed. I am however saddened by a spat between two of my Senior members.

The breakout this morning was a clean breakout. I hope many of you got on the northbound train and bagged some nice pippage. I know I did. I'm currently short as well from 6548 with 20 bagged and covered. My long position had the target of 6620 in sight, but it doesn't appear that's going to come to reality. Daily has strong ass resistance at 6600. Look at your h4, you'll further see we're topping the right shoulder of the shampoo.
Just digging in the trenches like everyone else!
  • #25,549
  • Sep 8, 2009 8:52am Sep 8, 2009 8:52am
Everyone see that touch of 6538?
Just digging in the trenches like everyone else!
  • #25,550
  • Sep 8, 2009 8:53am Sep 8, 2009 8:53am
Quoting eohater
Everyone see that touch of 6538?
Does anyone know the importance of this price?
Just digging in the trenches like everyone else!
  • #25,551
  • Sep 8, 2009 8:58am Sep 8, 2009 8:58am
Quoting eohater
Does anyone know the importance of this price?
Just digging in the trenches like everyone else!
  • #25,552
  • Sep 8, 2009 8:59am Sep 8, 2009 8:59am
I have the 5 ema there but I 'm not ashamed to say that as I am learning all the time, I do not know the another significance of that value.
Please teach EO..

Wayne
  • #25,553
  • Edited 9:11am Sep 8, 2009 9:00am | Edited 9:11am
Hello EO,

I'm new to the thread (been reading it avidly!), but I'd say price has crossed down through 15 min 5 and 10 ma's and is now retesting the 15min 10 (at 6538).
regards,
Carl

PS Great thread- I love this style of trading!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #25,554
  • Sep 8, 2009 9:08am Sep 8, 2009 9:08am
Hi EO

I can't say absolutely, although I have a line as my weekly open and close from a couple of weeks back.. I fear this is not the relevance you are putting on the number however



Quoting eohater
Does anyone know the importance of this price?
  • #25,555
  • Sep 8, 2009 9:19am Sep 8, 2009 9:19am
A more serious monthly resistance turned support from 2003 just before year end and serious break up



Quoting robgsxr
Hi EO

I can't say absolutely, although I have a line as my weekly open and close from a couple of weeks back.. I fear this is not the relevance you are putting on the number however

  • #25,556
  • Sep 8, 2009 9:25am Sep 8, 2009 9:25am
Quoting eohater
Everyone see that touch of 6538?
6538 is the bottom of one of the morning ranges, we've still not broken out yet, but that's the importance of this level. Combined with the 5/10 ma's on the m15 that have crossed, the bearish engulfing on the prior h1, all factors supporting the move south.
Just digging in the trenches like everyone else!
  • #25,557
  • Sep 8, 2009 9:32am Sep 8, 2009 9:32am
good afternoon morning all
  • #25,558
  • Sep 8, 2009 9:37am Sep 8, 2009 9:37am
Doh

one out of ten for effort but no cigar for that test......

Can I ask.. how long ( days / weeks ) do you leave your session range lines on your charts for ????

Not something I had considered before


Quoting eohater
6538 is the bottom of one of the morning ranges, we've still not broken out yet, but that's the importance of this level. Combined with the 5/10 ma's on the m15 that have crossed, the bearish engulfing on the prior h1, all factors supporting the move south.
  • #25,559
  • Sep 8, 2009 9:41am Sep 8, 2009 9:41am
Quoting robgsxr
Doh

one out of ten for effort but no cigar for that test......

Can I ask.. how long ( days / weeks ) do you leave your session range lines on your charts for ????

Not something I had considered before
I keep my range levels in sight, but I don't keep the lines out on my chart. Once a range has been broken, the lines come off my chart and then back to HTF S/R.
Just digging in the trenches like everyone else!
  • #25,560
  • Sep 8, 2009 9:43am Sep 8, 2009 9:43am
gotcha

Quoting eohater
I keep my range levels in sight, but I don't keep the lines out on my chart. Once a range has been broken, the lines come off my chart and then back to HTF S/R.
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