Trade what you see NOT what you expect

Hey Bro, just lookin over the charts, my e/j got stopped in my sleep wish I got up a little sooner that short on g/u from 1.6800 is my type of trade still think theres more downside on e/j

Going out on a limb 131.74 for the mistress

Grabbed 10 from 1.6800 at b/e pronto

Scalp fever

See if this 1hr pin on the mrs can send her down a bit

She wore me out, hit the wall have a great day all

Atm it looks like we can scalp between the 35/50 and the 132,6x area. I'm waiting for the next news and will see what happen.

Edit: sry you are refering to g/u and I to the e/J :-/

Little review of thee gbp

hi Kenneth

thanks again for Your examples for yesterday trades..
How many trades You take in one day approximately.. ?
10 - 15 like in last pic?...


thanks... InDja

I Take more than I should ,, The charts shows all the possible trades. some of which would be secondary entries if you missed the first one you should really look for 2 to 4 trades a day at the most if you look at the chart. you can easily see those they are the extreme entries at the top and bottom. But like towards the middle of the day when it was consolidating . The tight range allowed for some Gump trading ( back and forth). Just try and stay with the trend when gump trading to be on the right side when it breaks out . Check your sheets on patterns to help with that . But normally price leaves the same way it enters if it was a down trend it leaves going down etc..


Hope your doing well Ken

I forgot to ask... How long You practice to become a successful trader.. and become confident with this method?

We have been making some higher lows but as far as higher highs looks like a triple top to me more or less sideways

Shorted e/j @ 133.31 10pip sl

My 15m g/u chart looks like a rictor scale nasty

Just my observation but the last two dailey candles sure make me believe we are going down on the gbp/usd today.The dollar showed weakness all last night but cable did not go up at all so maybe if the dollar firms up this morning after the news at 8:30 we will see a drop on the cable.Just food for thought.I hope everyone has a great day trading!!

Hey Bk, I see what your saying like to catch that from 1.6800 have to wait and See

Morning/Afternoon, everybody.
I have my 2 cents for GU.
On 1H chart 62ma is acting as support TL since Friday.
And 6850 shows resistance from the beginning of this week.
All together they form ascending triangle.
US news will be released in 40 min.
The triangle will definetely be broken.

I trust this system totally. When I follow the rules it is great, I still have issues not associated with any strategy that i am trying to over come. But fi you follow the rules it should not take you very long . I have posted the same rewrite on Baby Pips as I did here and within a month a few guys are already making over 100 pips a day. So not long.

The whole issue is understanding that the MA's are showing you when to get in and where price is in the big picture. Once you undersatnd them. That is why you find their location on the charst will corespond with pivot points , Fib levels, trendlines, S/R lines. You have to understand they are just a refrence to what everyone trade anyway. But they are a visual refrence that you can see.

That is why i tell people use your old tools that you trust you will start to see that the MA's make them obsolete and you will gradually drop them.
Plus you will start to know that yes that 62 ema trade is sitting right near a good fib level. It isn't hard at all everyone makes it hard . But until you start to trust the MA's signals you will continue to doubt and either miss the trades or get bad entries .

That is another reason i tell people to trade a small amount or demo that doesn't effect your emotions. This way you can test the waters and can trust..

Sorry long answer to a short question.. Ken

Sad to report some lost pips but even worse theres no coffee in this house major Bummer!!http://cdn.forexfactory.com/images/icons/icon9.gif