Attachments: Trade what you see NOT what you expect

Trade what you see NOT what you expect

#26,601
Oct 11, 2009 2:03pm Oct 11, 2009 2:03pm

logic38
| Joined Mar 2008 | Status: Trader | 172 Posts

Thanks for all your time and effort ken !!

You are a real star

#26,602
Oct 11, 2009 3:04pm Oct 11, 2009 3:04pm

luckylady
| Membership Revoked | Joined Jul 2009 | 825 Posts

I am gradually making Ken's lessons into a PDF which will be available for download once all the lessons have been put up for anyone that wants them all in one accessible place. By the way, thanks for the Table of Contents Ken, makes the job easier

#26,603
Oct 11, 2009 3:42pm Oct 11, 2009 3:42pm

mary4x
| Joined May 2009 | Status: Trader | 616 Posts

Thanks, LuckyLady, for telling me about this forum. I've finished reading the introductory pdf and am starting on the thread today (Sunday). LuckyLady's new pdf will be a most welcome tool for study and reference... I'm thinking this is the forum for me.

#26,604
Oct 12, 2009 1:35am Oct 12, 2009 1:35am

lazyboy
| Joined Aug 2009 | Status: Trader | 339 Posts

Quoting mary4x

Disliked

Thanks, LuckyLady, for telling me about this forum. I've finished reading the introductory pdf and am starting on the thread today (Sunday). LuckyLady's new pdf will be a most welcome tool for study and reference... I'm thinking this is the forum for me.

Ignored

If you learn as fast as lucky you will be doing great in no time!

Enjoy the thread mary.

#26,605
Edited 2:08am Oct 12, 2009 1:46am | Edited 2:08am

tdeu
| Joined Dec 2008 | Status: Trader | 533 Posts

Hi guys,

I need some help with this.

I tried to buy the pullback to the MAs after a close and confirmation above 5867 (I think the Asian range). Range breakout and 1 o'clock.

15min had not closed below 50EMA, 1hr wasn't a pin / above 10MA at that time and 4hr was above 5SMA.

Any ideas?

Thanks tdeu

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#26,606
Oct 12, 2009 3:02am Oct 12, 2009 3:02am

lazyboy
| Joined Aug 2009 | Status: Trader | 339 Posts

Quoting tdeu

Disliked

Hi guys,

I need some help with this.

I tried to buy the pullback to the MAs after a close and confirmation above 5867 (I think the Asian range). Range breakout and 1 o'clock.

15min had not closed below 50EMA, 1hr wasn't a pin / above 10MA at that time and 4hr was above 5SMA.

Any ideas?

Thanks tdeu

Ignored

If I'm right that was just after a tweezer top on the m15 and right under/on the 21ema on h1 with other averages suggesting strong down move on h1. Also at a good PPA area if you look to left on h1 chart showing strong RES there.

Also the h1 then formed a pin for the short and broke out south through asian range so a nice opportunity to get short, hope you caught it!

#26,607
Oct 12, 2009 3:13am Oct 12, 2009 3:13am

luckylady
| Membership Revoked | Joined Jul 2009 | 825 Posts

Quoting tdeu

Disliked

Hi guys,

I need some help with this.

I tried to buy the pullback to the MAs after a close and confirmation above 5867 (I think the Asian range). Range breakout and 1 o'clock.

15min had not closed below 50EMA, 1hr wasn't a pin / above 10MA at that time and 4hr was above 5SMA.

Any ideas?

Thanks tdeu

Ignored

I know its not much help now because its so long after you posted, but I never buy pullbacks to the MA's unless they are all in the right order and at 1 o'clock or 5 o'clock, it shows the trend is established enough to be able to take a chance on it - the 50EMA was still above all the other MA's.

#26,608
Oct 12, 2009 4:04am Oct 12, 2009 4:04am

grashid
| Commercial User | Joined Oct 2008 | 5,712 Posts

Very kind to shared an informative information..I was follow this thread and your contribution is highly appreciated. Keep it up mate

#26,609
Oct 12, 2009 5:16am Oct 12, 2009 5:16am

Isty
| Joined Jun 2009 | Status: Trader | 259 Posts

Quoting tdeu

Disliked

Hi guys,

I need some help with this.

I tried to buy the pullback to the MAs after a close and confirmation above 5867 (I think the Asian range). Range breakout and 1 o'clock.

15min had not closed below 50EMA, 1hr wasn't a pin / above 10MA at that time and 4hr was above 5SMA.

Any ideas?

Thanks tdeu

Ignored

HI,

Just as Lazyboy and Luckylady said, and one more thing i would highlight. We have been in a serious downtrend, and to change this downtrend we need to move more then 35 pips above than our last m15 candle closed through the 35 sma.( in EO's pdf). In this case that was the area to looking for a countertrend, and here the continuation of our previous downtrend.

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#26,610
Oct 12, 2009 5:48am Oct 12, 2009 5:48am

lazyboy
| Joined Aug 2009 | Status: Trader | 339 Posts

could get a 35/50 here will short it if we do.

#26,611
Oct 12, 2009 6:14am Oct 12, 2009 6:14am

tdeu
| Joined Dec 2008 | Status: Trader | 533 Posts

thanks for all the comments to my earlier posted chart

if we're staying below the 15min 35SMA would you sell the Pin?

tdeu

#26,612
Oct 12, 2009 6:18am Oct 12, 2009 6:18am

lazyboy
| Joined Aug 2009 | Status: Trader | 339 Posts

Quoting tdeu

Disliked

thanks for all the comments to my earlier posted chart

if we're staying below the 15min 35SMA would you sell the Pin?

tdeu

Ignored

I'm in short with a 15 pip stop at the moment got 805 as an entry

#26,613
Oct 12, 2009 6:30am Oct 12, 2009 6:30am

MCFly
Joined Sep 2008 | Status: Trader | 1,364 Posts

Quoting lazyboy

Disliked

could get a 35/50 here will short it if we do.

Ignored

I'm short. Entry 5801.

#26,614
Oct 12, 2009 6:30am Oct 12, 2009 6:30am

Isty
| Joined Jun 2009 | Status: Trader | 259 Posts

Quoting tdeu

Disliked

thanks for all the comments to my earlier posted chart

if we're staying below the 15min 35SMA would you sell the Pin?

tdeu

Ignored

I have already sold the pin, but we have to be cautioous, because today is a bank holiday in the USA, so everything is possible. I keep my sl tight for sure.

#26,615
Oct 12, 2009 6:43am Oct 12, 2009 6:43am

MCFly
Joined Sep 2008 | Status: Trader | 1,364 Posts

Quoting MCFly

Disliked

I'm short. Entry 5801.

Ignored

Not a good idea how it seems.

#26,616
Oct 12, 2009 6:48am Oct 12, 2009 6:48am

lazyboy
| Joined Aug 2009 | Status: Trader | 339 Posts

Quoting MCFly

Disliked

Not a good idea how it seems.

Ignored

one of things, small stops for that reason. Plenty of opportunities just around the corner

#26,617
Oct 12, 2009 6:55am Oct 12, 2009 6:55am

Komissar
| Joined Dec 2008 | Status: Trader | 784 Posts

Morning, fellows
I think GU is on a break point - around 5830
Either to break the channel, and go up - see 1H
Or,to stay in the channel, and go down - see 15M Fibs.

P. S. 4h may show bullish harami. Also, British sell their assets, and it could push GU up.

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