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Trade what you see NOT what you expect

  • #28,921
  • Jan 13, 2010 10:56am Jan 13, 2010 10:56am
Tweezers are going to get presented to us on the h4 that closes in 5m alogn with the hanging man. So everyone go review your setups, full bodied candle, followed by a hanging man with matching highs or the 2nd candle with a lower high, supports what type of position and SL?
Just digging in the trenches like everyone else!
  • #28,922
  • Jan 13, 2010 10:58am Jan 13, 2010 10:58am
Quoting eohater
Tweezers are going to get presented to us on the h4 that closes in 5m alogn with the hanging man. So everyone go review your setups, full bodied candle, followed by a hanging man with matching highs or the 2nd candle with a lower high, supports what type of position and SL?
Short with SL a few pips above wick on the previous candle!
Cap
  • #28,923
  • Jan 13, 2010 11:02am Jan 13, 2010 11:02am
Just added to my short position at 6290, now let the soldiers and PA do their job.
Just digging in the trenches like everyone else!
  • #28,924
  • Jan 13, 2010 11:04am Jan 13, 2010 11:04am
Quoting The Captain
Short with SL a few pips above wick on the previous candle!
My SL is at 6315
Just digging in the trenches like everyone else!
  • #28,925
  • Jan 13, 2010 11:07am Jan 13, 2010 11:07am
Quoting eohater
My SL is at 6315
I'm still flat. The dollar is about to plumit and the pound just keeps going up. Of course I could be way off here.
Ghost Rider - WWTBMD?
  • #28,926
  • Jan 13, 2010 11:08am Jan 13, 2010 11:08am
Good luck guys. Have a great pipping day
" When the ship starts to sink, don't just pray. JUMP "
  • #28,927
  • Jan 13, 2010 11:08am Jan 13, 2010 11:08am
Quoting albchr
I'm still flat. The dollar is about to plumit and the pound just keeps going up.
No, you were too busy letting Stewie get between your f-ing ears. Trade what you see Chris!
Just digging in the trenches like everyone else!
  • #28,928
  • Jan 13, 2010 11:08am Jan 13, 2010 11:08am
Quoting Gladis Night
Good luck guys. Have a great pipping day
Bye Gladis! Have a good evening!
Just digging in the trenches like everyone else!
  • #28,929
  • Jan 13, 2010 11:09am Jan 13, 2010 11:09am
Quoting eohater
No, you were too busy letting Stewie get between your f-ing ears.
Damn that guy!
  • #28,930
  • Jan 13, 2010 11:10am Jan 13, 2010 11:10am
Quoting eohater
Bye Gladis! Have a good evening!
ditto! see ya tomorrow!
  • #28,931
  • Jan 13, 2010 11:11am Jan 13, 2010 11:11am
Quoting Snowmeizer
Damn that guy!
I'm not going to argue that it takes stones to take a short here, but the R:R is in line. I sure as hell wouldn't take a long at this price, so my next alternative is a short position. PA on the h4 that just closed and PA on the h4 that closed 1h 10m ago supports a short position as well.
Just digging in the trenches like everyone else!
  • #28,932
  • Jan 13, 2010 11:13am Jan 13, 2010 11:13am
Quoting eohater
No, you were too busy letting Stewie get between your f-ing ears. Trade what you see Chris!
I am bro. That's why I jumped from my 6265 short with a 4 pip loss earlier. I'm watching the indexes (just another tool in the box) And the buck just crossed support after a nasty 1H pin. Pound is idle atm but up all day.

Trust me...Stew has NOTHING to do with my thinking...LOL Cut him out of my thread too bro...
Ghost Rider - WWTBMD?
  • #28,933
  • Jan 13, 2010 11:16am Jan 13, 2010 11:16am
Quoting albchr
I am bro. That's why I jumped from my 6265 short with a 4 pip loss earlier. I'm watching the indexes (just another tool in the box) And the buck just crossed support after a nasty 1H pin. Pound is idle atm but up all day.

Trust me...Stew has NOTHING to do with my thinking...LOL Cut him out of my thread too bro...
Just digging in the trenches like everyone else!
  • #28,934
  • Jan 13, 2010 11:19am Jan 13, 2010 11:19am
Quoting eohater
And ya know, that was my first loss of the year. Dam I wanted to see how long I could go without one. This long it seems...LOL

I have a line at 6330 for the Mrs. Dollar is falling but the pound has slipped a bit too. Hmmmm.....LOL
Ghost Rider - WWTBMD?
  • #28,935
  • Jan 13, 2010 11:24am Jan 13, 2010 11:24am
On a daily note. Yellow is the 200. Gold UTL is weekly. Again...Hmmmm...

EDIT: The weekly too.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu_daily.gif Size: 34 KB
Click to Enlarge Name: gu_weekly.gif Size: 20 KB
Ghost Rider - WWTBMD?
  • #28,936
  • Jan 13, 2010 11:35am Jan 13, 2010 11:35am
OK, taking a shot at the Mrs. Short 6283 with a 30 SL
Ghost Rider - WWTBMD?
  • #28,937
  • Jan 13, 2010 11:36am Jan 13, 2010 11:36am
What do you think about E/J? When the 15 min candle will close below the 5 ema it's a short possibility?
  • #28,938
  • Jan 13, 2010 11:47am Jan 13, 2010 11:47am
Quoting albchr
OK, taking a shot at the Mrs. Short 6283 with a 30 SL
Surprise! I long @ the price where you short on Mrs. same as 1hr trade EO took yesterday.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #28,939
  • Jan 13, 2010 11:47am Jan 13, 2010 11:47am
This short is making me nervous! Don't bail on me EO !

But the H1 looks like it may help us.
Cap
  • #28,940
  • Jan 13, 2010 11:57am Jan 13, 2010 11:57am
Quoting ejiexe
Surprise! I long @ the price where you short on Mrs. same as 1hr trade EO took yesterday.
Ummm...why?

My reason to short was the dollar bounce off support and the pound starting to fall.
Ghost Rider - WWTBMD?
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