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Trade what you see NOT what you expect

  • #29,081
  • Jan 14, 2010 1:11pm Jan 14, 2010 1:11pm
Quoting albchr
The EUR is still creeping up "slowly" but the YEN is just sitting against resistance atm. I'll hold as long as we "sit" here but I'm watching closely.

By the 15M MA's...we should cut and run...LOL
I almost cut and ran but this shooting star on the M15 has me intrigued...
Cap
  • #29,082
  • Jan 14, 2010 1:14pm Jan 14, 2010 1:14pm
Boys I'd almost short EJ here after the H1 close.. But I won't because with my cash that will send it to at least 131.50..
Cap
  • #29,083
  • Jan 14, 2010 1:15pm Jan 14, 2010 1:15pm
Quoting stevewide
new to this thread.

was this a correct entry off the pinbar back toward the 15m trend?

was it also a 5 oclock somewhere trade when the 5/10ema's broke out of the tight ma's toward 1?

does EO us trendlines with this method?

Appreciate your help. Thank you.

Steve

PS: wish me luck as I just shorted Gu at close of nice 15m pinbar.
Not a bad entry albeit a bit of a guess for me. Just be sure to use the MA's to take profit and cover. I'd take some at the 10 and cover personally.

EDIT: And yes, we do use TL's along with many other tools in the box. I don't rely "too" much on 15M TL's myself. More 1H 4H and daily
Ghost Rider - WWTBMD?
  • #29,084
  • Jan 14, 2010 1:21pm Jan 14, 2010 1:21pm
Well, I think the market has gone to sleep. And after getting up over 13 hours ago and staring at pretty much nothing all night & day, I'm about ready to myself.
Ghost Rider - WWTBMD?
  • #29,085
  • Jan 14, 2010 1:27pm Jan 14, 2010 1:27pm
Quoting The Captain
I almost cut and ran but this shooting star on the M15 has me intrigued...
I hear ya. If she can get back through 6323 and close below, it's worth watching more.

The dollar has bounced and is now testing the TL it just crashed below last hour. If it gets back through it, you're good. Bouncing off it now.
Ghost Rider - WWTBMD?
  • #29,086
  • Jan 14, 2010 1:29pm Jan 14, 2010 1:29pm
Quoting stevewide
new to this thread.

was this a correct entry off the pinbar back toward the 15m trend?

was it also a 5 oclock somewhere trade when the 5/10ema's broke out of the tight ma's toward 1?

does EO us trendlines with this method?

Appreciate your help. Thank you.

Steve

PS: wish me luck as I just shorted Gu at close of nice 15m pinbar.
Hello stevewide,

welcome to the thread. The other guys have already answered your questions but I want to add that the trades are ever an interaction of patterns, MA's, trendlines/channels, S&R and higher tf's.
  • #29,087
  • Edited 1:51pm Jan 14, 2010 1:40pm | Edited 1:51pm
Quoting MCFly
Hello stevewide,

welcome to the thread. The other guys have already answered your questions but I want to add that the trades are ever an interaction of patterns, MA's, trendlines/channels, S&R and higher tf's.

Well buddy, now both the EUR and YEN are falling...

And the race is on....

EDIT: In fact, the only thing keeping me in this is the 4H that's about to close is forming a decent looking spinning top down here. If this is indeed a swing low, we may go up from here.
Ghost Rider - WWTBMD?
  • #29,088
  • Jan 14, 2010 1:50pm Jan 14, 2010 1:50pm
Quoting albchr
Well buddy, now both the EUR and YEN are falling...

And the race is on....
I was break even for a milli second but I wanted to earn the big bucks...1or 2 pips
  • #29,089
  • Jan 14, 2010 1:52pm Jan 14, 2010 1:52pm
Quoting MCFly
I was break even for a milli second but I wanted to earn the big bucks...1or 2 pips


There are days one just shouldn't trade. Me thinks this is one of them.
Ghost Rider - WWTBMD?
  • #29,090
  • Jan 14, 2010 2:00pm Jan 14, 2010 2:00pm
Quoting albchr


There are days one just shouldn't trade. Me thinks this is one of them.
hehe I think it was okay. I learned a lot today.
  • #29,091
  • Jan 14, 2010 2:05pm Jan 14, 2010 2:05pm
Quoting MCFly
hehe I think it was okay. I learned a lot today.
Well, after that 4H, I think I'll hold her for a while but I'm going to go take a break now. I'll leave a 35 pip SL (131.65) and let the Gods take it from here.
Ghost Rider - WWTBMD?
  • #29,092
  • Jan 14, 2010 2:11pm Jan 14, 2010 2:11pm
Quoting albchr
Well, after that 4H, I think I'll hold her for a while but I'm going to go take a break now. I'll leave a 35 pip SL (131.65) and let the Gods take it from here.
Yeah I think I'm done for today.

I'll hold the position too.

cu tomorrow
  • #29,093
  • Jan 14, 2010 3:08pm Jan 14, 2010 3:08pm
Thanks for your friendly response to my questions. Look forward to learning more.

Steve
  • #29,094
  • Jan 14, 2010 3:14pm Jan 14, 2010 3:14pm
I may be looking to go long at 6310 back up to 6335 for a nice little 25 if it gets down there
Please ask questions and share your experiences with us all!
  • #29,095
  • Jan 14, 2010 4:23pm Jan 14, 2010 4:23pm
HOLY CRAPPY CRAPPY CRAP CRAP!! today sucked.
even with my scalping ways it was all i could do to get 67 pips. doesn't help that my patience is serverely compromised today to begin with. I hope the rest of you did well!
  • #29,096
  • Jan 14, 2010 7:50pm Jan 14, 2010 7:50pm
Hi everybody,

short ej 132.17 add more short at 131.87 looking for support at 131.50, also still short on GJ
Trade with the momentum
  • #29,097
  • Jan 14, 2010 7:58pm Jan 14, 2010 7:58pm
After this nice descent close my position on uj at 90.99 Gj 148.10 and ej 131.23, but i didn't reverse.
Trade with the momentum
  • #29,098
  • Jan 14, 2010 8:01pm Jan 14, 2010 8:01pm
Also i didn't have time to close my short on gu, i hold it short at 63.19
Trade with the momentum
  • #29,099
  • Jan 14, 2010 8:57pm Jan 14, 2010 8:57pm
Quoting sailor68
Also i didn't have time to close my short on gu, i hold it short at 63.19
Gu, price hit my stop, but i took one short again at 6318.
Trade with the momentum
  • #29,100
  • Jan 15, 2010 3:10am Jan 15, 2010 3:10am
Quoting albchr
Well, after that 4H, I think I'll hold her for a while but I'm going to go take a break now. I'll leave a 35 pip SL (131.65) and let the Gods take it from here.
Good MAE Everyone

Well, I had the chance to move my SL 7 pips into profit before going to sleep last night and that's where it took me out. Good thing as the Asian session just slammed her to the floor.

Currently looking at the Mrs. to make my Friday. Short @ 6330

Best wishes everybody...
Ghost Rider - WWTBMD?
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