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Trade what you see NOT what you expect

  • #28,801
  • Jan 13, 2010 7:58am Jan 13, 2010 7:58am
Quoting The Captain
Yeah I think this is the problem. If you set your H1 62 to SMA then it bounced right off at 133.03.. But if you put it EMA (as per the pdf's) Then the 0600 East. candle closed just barely passed it and the 0700East. candle continued North.
Yep...sorry everyone this is my bad. I have it set wrong but it's been working GREAT...LOL

Copied from the PDF...

1h: 10sma, 50sma and 62ema
Ghost Rider - WWTBMD?
  • #28,802
  • Jan 13, 2010 8:00am Jan 13, 2010 8:00am
Quoting albchr
Yep...sorry everyone this is my bad. I have it set wrong but it's been working GREAT...LOL

Copied from the PDF...

1h: 10sma, 50sma and 62ema
Now I'm going to have to put the 62 Sma on my 1h chart as well Chris.

Macc
  • #28,803
  • Jan 13, 2010 8:03am Jan 13, 2010 8:03am
Quoting macc
Now I'm going to have to put the 62 Sma on my 1h chart as well Chris.

Macc
I feel pretty simple minded now...

I don't want to steer anyone wrong from EO's method but man, I been trading it this way from the start (about 6 months now) and it really does catch almost all the bounces very closely.....

Again, my apologies everyone. To the back of the class for me....LOL
Ghost Rider - WWTBMD?
  • #28,804
  • Jan 13, 2010 8:07am Jan 13, 2010 8:07am
Quoting albchr
I feel pretty simple minded now...

I don't want to steer anyone wrong from EO's method but man, I been trading it this way from the start (about 6 months now) and it really does catch almost all the bounces very closely.....

Again, my apologies everyone. To the back of the class for me....LOL
no apologise we all learning, I for one will watch the difference
" When the ship starts to sink, don't just pray. JUMP "
  • #28,805
  • Jan 13, 2010 8:11am Jan 13, 2010 8:11am
Quoting albchr
I feel pretty simple minded now...

I don't want to steer anyone wrong from EO's method but man, I been trading it this way from the start (about 6 months now) and it really does catch almost all the bounces very closely.....

Again, my apologies everyone. To the back of the class for me....LOL
I may be mistaken but I do believe somewhere before I am seen where EO said he actually looks at both the 62 sma and ema but I may be wrong on that.....
Please ask questions and share your experiences with us all!
  • #28,806
  • Jan 13, 2010 8:12am Jan 13, 2010 8:12am
Quoting albchr
I feel pretty simple minded now...

I don't want to steer anyone wrong from EO's method but man, I been trading it this way from the start (about 6 months now) and it really does catch almost all the bounces very closely.....

Again, my apologies everyone. To the back of the class for me....LOL
With Rob's better half's "turning point" thread and your 62 sma thread EO's got some competition on his hands

In recent weeks I've taken trades off the higher TF 200 sma only to later find that my 200 was floating at a completely different price to many others (I assume due to different daily and 4h open/close times). I guess we're not taking these trades blindly without any additional supporting information so as long as they work out it's all good

Macc
  • #28,807
  • Jan 13, 2010 8:14am Jan 13, 2010 8:14am
maybe we should consider the difference between Ema &sma value when setting S/L
" When the ship starts to sink, don't just pray. JUMP "
  • #28,808
  • Jan 13, 2010 8:17am Jan 13, 2010 8:17am
Quoting macc
With Rob's better half's "turning point" thread and your 62 sma thread EO's got some competition on his hands

Macc
Oh heavens NO!!

If I were 1/10 the trader EO is, I'd be 1000 times a better trader than I am.....

No competition from me and that's a FACT! I'll simply chalk it up to a..."Happy Accident" lol
Ghost Rider - WWTBMD?
  • #28,809
  • Jan 13, 2010 8:18am Jan 13, 2010 8:18am
Anyone short on EJ after the last H1 close?
Cap
  • #28,810
  • Jan 13, 2010 8:20am Jan 13, 2010 8:20am
Quoting macc


I think my gut would be about as successful as my brain at trading -lol- but I read a book called "Blink" by Malcolm Gladwell on first impressions/instincts which made a lot of sense to me.

Macc

Think Long Think Wrong
Good Trading To All ; Ken Lee
  • #28,811
  • Jan 13, 2010 8:22am Jan 13, 2010 8:22am
That's me dancing but not in my ice cold outdoor shower!

As a reply to Cisco's silver fox comment, Cisco just wishes he had some hair. Hey Cisco does your new dentures fit better than those ones you had for 40 years?
  • #28,812
  • Jan 13, 2010 8:24am Jan 13, 2010 8:24am
Quoting The Captain
Anyone short on EJ after the last H1 close?
Nope, not a chance. Closed above the 50% for me. Seems like 133.26 (61.8%) is possibly in the cards next now.
Ghost Rider - WWTBMD?
  • #28,813
  • Jan 13, 2010 8:27am Jan 13, 2010 8:27am
Happy Birthday Captain
Attached Image
Good Trading To All ; Ken Lee
  • #28,814
  • Jan 13, 2010 8:29am Jan 13, 2010 8:29am
Quoting KENNETH lEE
Think Long Think Wrong
Any kind of thinking, long, short or sideways, is not a good idea for me Ken

Macc
  • #28,815
  • Jan 13, 2010 8:30am Jan 13, 2010 8:30am
Quoting PippiNole
That's me dancing but not in my ice cold outdoor shower!

As a reply to Cisco's silver fox comment, Cisco just wishes he had some hair. Hey Cisco does your new dentures fit better than those ones you had for 40 years?
  • #28,816
  • Jan 13, 2010 8:31am Jan 13, 2010 8:31am
Did anyone grab the seat long on EJ with me last night in the 131.5x area?
  • #28,817
  • Jan 13, 2010 8:32am Jan 13, 2010 8:32am
Quoting KENNETH lEE
Happy Birthday Captain
Thanks Ken!
Cap
  • #28,818
  • Jan 13, 2010 8:35am Jan 13, 2010 8:35am
Quoting PippiNole
Did anyone grab the seat long on EJ with me last night in the 131.5x area?
Hi Pippinoil.

I managed to get it at 131.80 and still rideing it,but not sure for how long.
  • #28,819
  • Jan 13, 2010 8:35am Jan 13, 2010 8:35am
Happy Birthday Captain!

I hope your not as old as Cisco!
  • #28,820
  • Jan 13, 2010 8:36am Jan 13, 2010 8:36am
Quoting PippiNole
Did anyone grab the seat long on EJ with me last night in the 131.5x area?
Nice

I wasn't tuned in to EJ last night but if I had of been I think my best effort would have been to get in around 13165 after the 15m pin at the previous day's low. I'd got major s/r at 13154 but wouldn't have had the kahunas to enter on the touch.

Great entry you green machine

Macc
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