Trade what you see NOT what you expect

Look at the 21ma down at 1.6230 right at my support level Damn that was the spot

Decent area, the 50 day sma was there and rejected price this time. I almost shorted there. lol

Just to be fair as I've been laughing at the GBPUSD thread's total lack of trading ability :-


You guys are still trading well and kicking butt, keep it up !!

Have a great day everyone keep an eye on that 4hr setup cya manana!!

yeah you to! that h4 could be good

Where are the "teachers" Infinity, Eohater, pippin and others - have they retired?

Infinity, I am not sure about, but EO posted this the other day...and some more since http://www.forexfactory.com/showthre...66#post3127566 pippin has had the H1N1 virus so will take him a while to get fully fit I would think, but the thread is still here and we are still trading till they get back

how's everyone doing....i missed the long this am

got a seat north at 16334. not quite a 1 o'clock trade but pretty much.

didn't last long out b/e

could be a 35/50 long depending on the close of this m15.

Hi lazyboy,

when do you normally move your SL to break even?

when i take half out which is at the ma's if its against trend, in that case as we were with trend i took some out at 15 pips and as price had stalled moved stop to b/e . means you miss some and get chopped out but I'm cautious on the whole, hence why i didn't take that 35/50 as the wick was a bit long. Hows it going your end?

Morning to everyone

EJ vision

Its been an impressive march uphill for cable this week, though I see lots of chop in between 1.6593 is the next big line in the sand on my daily.I cant speak for anyone else but I fell far short of my weekly goal, and barely made enough to pick up a nasty bar tab out with some friends last night. My hair hurts! Looking back that 4hr setup I posted never properly developed that third candle was neither a hanging man or a red one the 15m chart would of worked out well but I wasnt around to watch it play out.Looking foward to next week as I will have the time to devote to hunt opprotunities, atm showing 15m support at 1.6336

Heres some good music to start the weekend vibe though I already jumed the gun lol!!

Voila,price is on top of ma's that 365ema is the last one. This chart is small but if you zoom out you see why I came up with 1.6593

Took that long at support 1.6336 and the 10ma have to pay for last night!!

Nice if this 15m candle closes above 1.6363

I'm reading the thread from the beginning and want to set up my MA's so I can follow what's being said. LuckyLady referred me to the FXGuruMultiMA indicator, which I've downloaded and applied to a 15 minute chart. Does anyone know where I can find a check list of sorts to customize the MA's? LuckyLady said use 15, 1h and 4h. I see in this info from one of the first posts that the below timeframes are used by eohater: Here's the quote:

QUOTE: "These are the charts that I use and what I have applied to them.
15m: 10ema, 21ema, 35sma and 50 sma
1h: 10 sma, 50 sma and 62 ema
4h: 5sma, 50ema and 150ema
Day: 5sma, 35 sma and 50 ema" UNQUOTE

Also, when I applied the FXGuruMultiMA indicator to the chart set at 15m, and then looked at the 1h and 4h, the MA lines were already there. Is that the way it's supposed to be? I don't need to add the FXGuru MultiMA indicator individually to them?

Here's what the lines represent on my 15m chart (all default):

From top to bottom:

50 sma light green
50 ema med. green
35 sma white
21 ema purple
10 ema blue
5 ema red

Any help in getting the MA's set correctly would be greatly appreciated.

If this clutters the thread too much, please let me know and I'll delete the post. Thanks.

Welcome to the thread Mary! Please make sure you download the PDF on post 1, it has all the ma's and time frames in it.

Trade well!
EO