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Trade what you see NOT what you expect

  • #29,401
  • Jan 18, 2010 9:15am Jan 18, 2010 9:15am
Quoting eohater
Good morning Gladis! I'm a little upset atm, but I did have a good weekend. I hope you did as well with many dreams of green pips!
It's a Monday buddy. This morning I coughed up everything I made last week (7%) in 3 trades. Shit happens...

I agree with your post to Ken...

I first studied J16 which is ALL about higher TF's. I study your method to fine tune my entries in an effort to use smaller stop losses (so I can use larger position size) but still looking for the larger moves.
Ghost Rider - WWTBMD?
  • #29,402
  • Jan 18, 2010 9:15am Jan 18, 2010 9:15am
Quoting Attraction
Attachment
... PERFECT!!!
Ghost Rider - WWTBMD?
  • #29,403
  • Jan 18, 2010 9:16am Jan 18, 2010 9:16am
Quoting MCFly
Hello EO
Hello McFly!
Just digging in the trenches like everyone else!
  • #29,404
  • Jan 18, 2010 9:16am Jan 18, 2010 9:16am
I for one would certainly welcome some more help integrating HTF (Dizzy Blonde has trouble with holding one idea at a time ). It is my thought that the 15min is discussed most because as new traders to this system that is the " sharp end " where we most often take the trade, and it is easy to forget about the bigger picture and what is really happening
" When the ship starts to sink, don't just pray. JUMP "
  • #29,405
  • Jan 18, 2010 9:18am Jan 18, 2010 9:18am
Quoting Gladis Night
I for one would certainly welcome some more help integrating HTF (Dizzy Blonde has trouble with holding one idea at a time ). It is my thought that the 15min is discussed most because as new traders to this system that is the " sharp end " where we most often take the trade, and it is easy to forget about the bigger picture and what is really happening
The m15 chart is for entry or gump trading. Your S/R is found on the HTF's and we have to respect them and know where price is headed, otherwise, we're throwing shit against the wall to see what sticks.
Just digging in the trenches like everyone else!
  • #29,406
  • Jan 18, 2010 9:20am Jan 18, 2010 9:20am
Quoting Gladis Night
I for one would certainly welcome some more help integrating HTF (Dizzy Blonde has trouble with holding one idea at a time ). It is my thought that the 15min is discussed most because as new traders to this system that is the " sharp end " where we most often take the trade, and it is easy to forget about the bigger picture and what is really happening
Just a suggestion...for those having trouble with HTF S/R, maybe you could apply your higher TF S/R lines on your m15 charts so you'll be less likely to overlook them. I like to do that on occasion so I won't forget about them.
Hi, my name is Barry and you can keep your doctor...
  • #29,407
  • Jan 18, 2010 9:20am Jan 18, 2010 9:20am
Quoting cisco
Good morning troops.

And on a lighter note...Gladis, I'm patiently waiting for the pole dancing pic!
Good morning Cisco, Lesson one for a trader is patience
" When the ship starts to sink, don't just pray. JUMP "
  • #29,408
  • Jan 18, 2010 9:23am Jan 18, 2010 9:23am
Quoting cisco
Just a suggestion...for those having trouble with HTF S/R, maybe you could apply your higher TF S/R lines on your m15 charts so you'll be less likely to overlook them. I like to do that on occasion so I won't forget about them.
Excellent suggestion!
Just digging in the trenches like everyone else!
  • #29,409
  • Jan 18, 2010 9:23am Jan 18, 2010 9:23am
Quoting Gladis Night
Good morning Cisco, Lesson one for a trader is patience
That reminds me of what one buzzard said to another while sitting on a tree limb, "Patience hell...I'm gonna kill somebody."
Hi, my name is Barry and you can keep your doctor...
  • #29,410
  • Jan 18, 2010 9:23am Jan 18, 2010 9:23am
Quoting cisco
Good morning troops.

And on a lighter note...Gladis, I'm patiently waiting for the pole dancing pic!
Here ya go Cisco....

Inserted Video
Ghost Rider - WWTBMD?
  • #29,411
  • Jan 18, 2010 9:24am Jan 18, 2010 9:24am
Quoting eohater
Excellent suggestion!
Thanks bro. Check out my new sig!
Hi, my name is Barry and you can keep your doctor...
  • #29,412
  • Jan 18, 2010 9:26am Jan 18, 2010 9:26am
Quoting cisco
Thanks bro. Check out my new sig!
LOL shame men have such small brains
" When the ship starts to sink, don't just pray. JUMP "
  • #29,413
  • Jan 18, 2010 9:26am Jan 18, 2010 9:26am
Quoting cisco
That reminds me of what one buzzard said to another while sitting on a tree limb, "Patience hell...I'm gonna kill somebody."
Here's some help!
Attached Image
Just digging in the trenches like everyone else!
  • #29,414
  • Jan 18, 2010 9:26am Jan 18, 2010 9:26am
Quoting cisco
Thanks bro. Check out my new sig!
I'd say Robin hit it on the head with that one!
Just digging in the trenches like everyone else!
  • #29,415
  • Jan 18, 2010 9:28am Jan 18, 2010 9:28am
Quoting Gladis Night
LOL shame men have such small brains
That's because for most of us we have to share that brain between 2 heads!
Hi, my name is Barry and you can keep your doctor...
  • #29,416
  • Jan 18, 2010 9:28am Jan 18, 2010 9:28am
Quoting Gladis Night
LOL shame men have such small brains
Leaves more blood for the other head though...
Ghost Rider - WWTBMD?
  • #29,417
  • Jan 18, 2010 9:30am Jan 18, 2010 9:30am
Quoting albchr
Here ya go Cisco....

http://www.youtube.com/watch?v=I4jQXqxB14I
Good one Chris!

That thing reminds me of a blind date I once had. It still gives me nightmares 40 years later.
Hi, my name is Barry and you can keep your doctor...
  • #29,418
  • Jan 18, 2010 9:34am Jan 18, 2010 9:34am
Okay...that's enough levity for today. Now go make your pips and make us all proud!

Hi, my name is Barry and you can keep your doctor...
  • #29,419
  • Jan 18, 2010 9:46am Jan 18, 2010 9:46am
Quoting cisco
Just a suggestion...for those having trouble with HTF S/R, maybe you could apply your higher TF S/R lines on your m15 charts so you'll be less likely to overlook them. I like to do that on occasion so I won't forget about them.
Here is an example of what Cisco and EO are talking about. I used the four hour for the higher time. You can use horizontal lines or fibro depending on your flavor. Once you change your chart time frame to the smaller level BINGO. Nothing will ever be exact. New support and resistance are always being created they are just a guide. Now you can use your lower levels for entry. Once you have your labels you can label them for referance so you know what support you are looking at on the lowere time frames.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4hr.jpg Size: 94 KB
Click to Enlarge Name: 1hr.jpg Size: 85 KB
  • #29,420
  • Jan 18, 2010 9:49am Jan 18, 2010 9:49am
Quoting sblank
Here is an example of what Cisco and EO are talking about. I used the four hour for the higher time. You can use horizontal lines or fibro depending on your flavor. Once you change your chart time frame to the smaller level BINGO. Nothing will ever be exact. New support and resistance are always being created they are just a guide. Now you can use your lower levels for entry. Once you have your labels you can label them for referance so you know what support you are looking at on the lowere time frames.
Great illustration! Sometimes a pic is worth a thousand words.
Hi, my name is Barry and you can keep your doctor...
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