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Trade what you see NOT what you expect

  • #28,961
  • Jan 13, 2010 1:53pm Jan 13, 2010 1:53pm
Quoting ejiexe
Thanks EO. I will apprecate if you can correct me. I went long becos 1 hr failed to close below 10 MA on 1hr and there was a bullish candle formation immediately after that candle. It has also broken 1.6274 which now acting as a support.
I see what your looking at and understand it myself, I would have waited for the long around 627x instead of 6283.
Just digging in the trenches like everyone else!
  • #28,962
  • Jan 13, 2010 1:53pm Jan 13, 2010 1:53pm
Quoting The Captain
I think I can help you out. If you look at your H4 there was a very bearish candle that closed - the hanging man. Also the H1 candle the closed around that time was a shooting star - also bearish. There are alot of good candlestick pattern websites.. I recommend the school at babypips.com
Nice!
Just digging in the trenches like everyone else!
  • #28,963
  • Jan 13, 2010 2:09pm Jan 13, 2010 2:09pm
Well folks, it seems this paint is going to take a long time to dry. I'm holding my GU short at 6283 but I've moved my SL off to 6335. Risking a good portion of this weeks profits but hey, that's how it goes sometimes.

As always, it's been a pleasure to share the day with all of you.

And Oh, just a note on my wrong 62MA, I've decide to put the right one on there too and watch them both just for grins...

Have a great day folks!
Ghost Rider - WWTBMD?
  • #28,964
  • Jan 13, 2010 2:52pm Jan 13, 2010 2:52pm
A shampoo (head and shoulders) is forming on the M15 on the Mrs. for anyone still around.
Cap
  • #28,965
  • Edited 4:39am Jan 14, 2010 4:09am | Edited 4:39am
Good morning all. It's a bit quiet today. Is everybody still sleeping?

I have hold my short from yesterday till today. The price moved the whole time in a range between 6265 and 6310. My stopp was 6315 and arround 9 o'clock gmt the price moved up to 6312 (6315 with spread) and stopped me out before it turned arround. After this I took another chance to short and got my money back. Let's see what will happen now. The 1 hr and the 4 hr look very bearish and I hope I can reenter again.
  • #28,966
  • Jan 14, 2010 4:21am Jan 14, 2010 4:21am
Good morning MCfly. I hope you are well
" When the ship starts to sink, don't just pray. JUMP "
  • #28,967
  • Jan 14, 2010 4:24am Jan 14, 2010 4:24am
Morning all

Looks like watching paint dry on G.U. waiting for a breakout

I think I will do some jobs this A.M. and see what the NY session brings.
  • #28,968
  • Jan 14, 2010 4:27am Jan 14, 2010 4:27am
Good morning rob
" When the ship starts to sink, don't just pray. JUMP "
  • #28,969
  • Jan 14, 2010 4:34am Jan 14, 2010 4:34am
I too closed yesterdays short this morning for tiny pips but I am not comfortable with direction.

The main thing is I hope your outlook is staying positive

Morning Gladis, I am sure your outlook is good


Quoting MCFly
Good morning all. It's a bit quiet today. Is everybody still sleeping?

I have hold my short from yesterday till today. The price moved the whole time in a range between 6265 and 6310. My stopp was 6315 and arround 9 o'clock gmt the price moved up to 6312 (6315 with spread) and stopped me out before it turned arround. After this I took another chance to short and got my money back. Let's see what will happen now. The 1 hr and the 4 hr look very bearish and I hope can reenter again.
  • #28,970
  • Jan 14, 2010 4:37am Jan 14, 2010 4:37am
Quoting Gladis Night
Good morning MCfly. I hope you are well
Hello Gladis and Rob
  • #28,971
  • Jan 14, 2010 4:40am Jan 14, 2010 4:40am
Quoting robgsxr
I too closed yesterdays short this morning for tiny pips but I am not comfortable with direction.

The main thing is I hope your outlook is staying positive

Morning Gladis, I am sure your outlook is good
Morning McFly, Gladis, Rob.

My outlook WAS positive this morning Rob but then the cricket started and my depression has been deepening ever since. I think I'll keep an eye out for when Davids appears on the thread so I can make myself scarce

Macc
  • #28,972
  • Jan 14, 2010 4:43am Jan 14, 2010 4:43am
Good morning macc
" When the ship starts to sink, don't just pray. JUMP "
  • #28,973
  • Jan 14, 2010 4:47am Jan 14, 2010 4:47am
Hi Macc

Sorry don't follow the cricket these days and haven't played for years.

Damn now I have taken a trade because I didn't start my jobs..

Small long from the range bottom bounce and H1 21ema touch... really tight sl

Now I really am going to start some jobs

Quoting macc
Morning McFly, Gladis, Rob.

My outlook WAS positive this morning Rob but then the cricket started and my depression has been deepening ever since. I think I'll keep an eye out for when Davids appears on the thread so I can make myself scarce

Macc
  • #28,974
  • Jan 14, 2010 4:54am Jan 14, 2010 4:54am
Quoting robgsxr
Hi Macc

Sorry don't follow the cricket these days and haven't played for years.

Damn now I have taken a trade because I didn't start my jobs..

Small long from the range bottom bounce and H1 21ema touch... really tight sl

Now I really am going to start some jobs
My patience/discipline was the one area I vowed to improve this year. Times like these on GU can be testy if I'm not clear with my intention but it's a great example of Gumping the ma's if you've got the nerve to play the PA at the range boundaries.

Macc
  • #28,975
  • Jan 14, 2010 4:57am Jan 14, 2010 4:57am
Quoting robgsxr
Hi Macc

Sorry don't follow the cricket these days and haven't played for years.

Damn now I have taken a trade because I didn't start my jobs..

Small long from the range bottom bounce and H1 21ema touch... really tight sl

Now I really am going to start some jobs
Rob

Just realised you said 21ema on the H1 (as opposed to the 15m). Is that something you took from another method or something you've developed yourself? Do you play it like the 21ema on the 15m i.e, off touches?

Macc
  • #28,976
  • Jan 14, 2010 5:05am Jan 14, 2010 5:05am
Quoting macc
My patience/discipline was the one area I vowed to improve this year. Times like these on GU can be testy if I'm not clear with my intention but it's a great example of Gumping the ma's if you've got the nerve to play the PA at the range boundaries.

Macc
Yes here comes the advantage of 2 accounts into play. One account for trading the overall picture and the second to trade the mrs. back and forth.
Unfortunately I have only 1 account
  • #28,977
  • Jan 14, 2010 5:06am Jan 14, 2010 5:06am
Just another supporting factor. The H1 21ema is holding the price well this morning from my judgement.
I am playing this more as a range play but if range top is broken I will add some.

I believe your take is good. Stick with your decision of staying disciplined.



Quoting macc
Rob

Just realised you said 21ema on the H1 (as opposed to the 15m). Is that something you took from another method or something you've developed yourself? Do you play it like the 21ema on the 15m i.e, off touches?

Macc
  • #28,978
  • Jan 14, 2010 5:06am Jan 14, 2010 5:06am
Quoting macc
Rob

Just realised you said 21ema on the H1 (as opposed to the 15m). Is that something you took from another method or something you've developed yourself? Do you play it like the 21ema on the 15m i.e, off touches?

Macc
I was wonderung too. Maybe Rob attached some MA's more on the 1 hr.
  • #28,979
  • Jan 14, 2010 5:11am Jan 14, 2010 5:11am
Quoting MCFly
Yes here comes the advantage of 2 accounts into play. One account for trading the overall picture and the second to trade the mrs. back and forth.
Unfortunately I have only 1 account
Thats why I was pleased when IBFX brought back in hedging being allowed on an intraday basis, it allows me now to put in buys and sells in the same account.
  • #28,980
  • Jan 14, 2010 5:13am Jan 14, 2010 5:13am
Good morning lucky lady
" When the ship starts to sink, don't just pray. JUMP "
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