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Trade what you see NOT what you expect

  • #26,041
  • Sep 14, 2009 5:12am Sep 14, 2009 5:12am
anybody eyeing 1.65 on 4hr chart for a buy?
200MA, 50EMA and 38 retr. of last leg from 1.61 to 1.674?

tdeu
  • #26,042
  • Sep 14, 2009 5:29am Sep 14, 2009 5:29am
Quoting tdeu
anybody eyeing 1.65 on 4hr chart for a buy?
200MA, 50EMA and 38 retr. of last leg from 1.61 to 1.674?

tdeu

i think the good price would be abit below something like 1.648x because from my experience price usually passes round numbers for abour 20 pips and then reverses either for a pullback or the whole move.

20s and 80s my favourite levels to get in and out.
  • #26,043
  • Sep 14, 2009 5:34am Sep 14, 2009 5:34am
Quoting tdeu
anybody eyeing 1.65 on 4hr chart for a buy?
200MA, 50EMA and 38 retr. of last leg from 1.61 to 1.674?

tdeu
I definitely have my eye set for that 6480-6500 area

I did go long at 6530...had a pivot point there and the 4H 35ma...took profit and covered now
  • #26,044
  • Sep 14, 2009 5:40am Sep 14, 2009 5:40am
same here about the 480 area, it will take us to 61.8% of last week's move up.
'The past will always show us the future'
  • #26,045
  • Sep 14, 2009 7:05am Sep 14, 2009 7:05am
Morning, fellows
Some ideas for 8am candles:

4H - indecision.
1H - DBLHC.
15M - Double bottom in play

Nice shot would be up to 6590 - complete DB, 35/50 and start forming right shoulder on 4H H&S.

Any comments?
  • #26,046
  • Sep 14, 2009 7:53am Sep 14, 2009 7:53am
Quoting Komissar
Morning, fellows
Some ideas for 8am candles:

4H - indecision.
1H - DBLHC.
15M - Double bottom in play

Nice shot would be up to 6590 - complete DB, 35/50 and start forming right shoulder on 4H H&S.

Any comments?
Good morning Komissar....I have been looking at that H&S, seen on 1H and 4H as well ...but not quite convinced she's done going down for now...will wait for the close of the 1H now and let PA lead the way

BEST WISHES to everyone on their trading...let it be GREEN !!!
  • #26,047
  • Sep 14, 2009 9:31am Sep 14, 2009 9:31am
posted this to see if FF is still working. 2 nice longs this morning and no posts????? 6600 under pressure again at the moment, if it breaks then i plan on takeing a long on a pull back!
  • #26,048
  • Sep 14, 2009 9:35am Sep 14, 2009 9:35am
Quoting Shilva
posted this to see if FF is still working. 2 nice longs this morning and no posts????? 6600 under pressure again at the moment, if it breaks then i plan on takeing a long on a pull back!
If it holds then the right shoulder of the h&s on the 4h may play out

Looks to have been rejected twice so far.
  • #26,049
  • Sep 14, 2009 9:43am Sep 14, 2009 9:43am
Quoting Shilva
If it holds then the right shoulder of the h&s on the 4h may play out

Looks to have been rejected twice so far.
I took the short....6590...stop above previous high!
  • #26,050
  • Sep 14, 2009 9:47am Sep 14, 2009 9:47am
Quoting Shilva
I took the short....6590...stop above previous high!
darn it....stopped right out on that....should of waited for the 15m candle to close premature
  • #26,051
  • Sep 14, 2009 11:01am Sep 14, 2009 11:01am
Quoting KENNETH lEE

EO Hater and Infinity's



Trade What You See Not What You


Expect !


A Complete Trading Strategy for All Price Movements
Keep up the good work Ken... Glad to see you back...
Patience + Discipline - Greed = Success
  • #26,052
  • Edited 11:27am Sep 14, 2009 11:08am | Edited 11:27am
Well fellow traders,

I usually just read forums and rarly post. But this time I will make an exception. I need to thank someone.

Our friend Ken has showed me the way to this thread, he took his time, so we went through the setups together. I just needed some tweaking for entries, all the rest I have seen and knew before.

Never the less, KEN thank you for your help, I made over 130 pips today on the cable alone. You gave me some great insides and help!

Thanks EO, Infinity and all other for contributing, pdf is really educational as well.

Keep up the good work I hope I become a part of the familly in time!
  • #26,053
  • Sep 14, 2009 11:20am Sep 14, 2009 11:20am
Quoting debitel
Well fellow traders,

I usually just read forums and rarly post. But this time I will make an exception. I need to thank someone.

Our friend Ken has showed me the way to this thread, he took his time, so we went through the setups together. I just needed some tweaking for entries, all the rest I have seen and knew before.

Never the less, KEN thank you for your help, I made over 130 pips today on the cable alone. You gave me some great insides and help!

Thanks EO, Infinity and all other for contributing, pdf is rally educational as well.

Keep...
Great job!
  • #26,054
  • Sep 14, 2009 11:26am Sep 14, 2009 11:26am
Quoting debitel
Well fellow traders,

I usually just read forums and rarly post. But this time I will make an exception. I need to thank someone.

Our friend Ken has showed me the way to this thread, he took his time, so we went through the setups together. I just needed some tweaking for entries, all the rest I have seen and knew before.

Never the less, KEN thank you for your help, I made over 130 pips today on the cable alone. You gave me some great insides and help!

Thanks EO, Infinity and all other for contributing, pdf is rally educational as well.

Keep...

Great Job
  • #26,055
  • Sep 15, 2009 12:54am Sep 15, 2009 12:54am
DBLHC on GU 15min. Got in at 1.6620. Booked some profit and covered.
  • #26,056
  • Sep 15, 2009 1:43am Sep 15, 2009 1:43am
Closed the rest at 1.6644 after the candles didn't look good for carrying on up.
Attached Image (click to enlarge)
Click to Enlarge Name: gu15-9.gif Size: 37 KB
  • #26,057
  • Sep 15, 2009 2:18am Sep 15, 2009 2:18am
Quoting luckylady
DBLHC on GU 15min. Got in at 1.6620. Booked some profit and covered.
could you tell me,did you wait for the second candle to close before entering your trade,and did you consider trading the bounce/touch of the 21ema instead,thanks
  • #26,058
  • Sep 15, 2009 3:46am Sep 15, 2009 3:46am
Quoting Deputy Dawg
could you tell me,did you wait for the second candle to close before entering your trade,and did you consider trading the bounce/touch of the 21ema instead,thanks
Yes I waited for the 2nd candle to close first because sometimes it doesn't always close the way I would like it to. I did consider the touch of the 21ema but the 5am GMT candle was quite a strong down one, so I waited to see what would happen first, especially at that time of day, volume tends to pick up.
  • #26,059
  • Sep 15, 2009 4:44am Sep 15, 2009 4:44am
textbook rising wedge playing out very nicely on the 1hour chart
Attached Image
Trading is 80% Emotional, 20% Technical
  • #26,060
  • Sep 15, 2009 4:47am Sep 15, 2009 4:47am
potential shampoo formation on 4hour,

bigger one on daily should it play out
Attached Image
Trading is 80% Emotional, 20% Technical
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