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Trade what you see NOT what you expect

  • #29,541
  • Jan 19, 2010 11:37am Jan 19, 2010 11:37am
Quoting juannie
Hi,
Could i get the latest update of Trade what you see NOT what you expect.pdf?

Thank you for your kind attention!
The 2 pdf's are on Post #1
Cap
  • #29,542
  • Jan 19, 2010 11:49am Jan 19, 2010 11:49am
Okay here is an example. Not the best example but I hope it's good enough to show what I mean. The conflicting signals emerged last thursday (14th) on E/J.
There was a DBLHC at a support line on the 4 hr chart. The 1 hr showed a DBHLC 2 hours later. This means the 4 hr tf says long and the 1 hr tf says short.

It's not the best example because the overall 4 hr trend is bearish but it should only show that's confusing when on the 4 hr and the 1 hr tf's conflicting signals occur.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4 hr.gif Size: 19 KB
Click to Enlarge Name: 1 hr.gif Size: 17 KB
  • #29,543
  • Jan 19, 2010 12:30pm Jan 19, 2010 12:30pm
Quoting MCFly
Okay here is an example. Not the best example but I hope it's good enough to show what I mean. The conflicting signals emerged last thursday (14th) on E/J.
There was a DBLHC at a support line on the 4 hr chart. The 1 hr showed a DBHLC 2 hours later. This means the 4 hr tf says long and the 1 hr tf says short.

It's not the best example because the overall 4 hr trend is bearish but it should only show that's confusing when on the 4 hr and the 1 hr tf's conflicting signals occur.
1st off I believe you have mislabeled your 1hr chart. It may have just been a slip up but that looks to be a hangman followed by a bearish engulfing candle which would have told me we were still headed south. I see what you are trying to get at though. In similar cases I would look to see what my 1hr and my 15 min PA is telling me and if I'm still not comfortable with the signals I'm getting I will stay on the side. What's the old saying, It's better to be out wishing you were in than in wishing you were out.
  • #29,544
  • Jan 19, 2010 1:12pm Jan 19, 2010 1:12pm
Hey luckylady did you go short on The Dragon/The hunk?
Cap
  • #29,545
  • Jan 19, 2010 1:30pm Jan 19, 2010 1:30pm
Hello captain, No, didn't trade GJ today, just concentrated on GU and got some nice pips.
  • #29,546
  • Jan 19, 2010 1:34pm Jan 19, 2010 1:34pm
Good to hear! Possible shampoo forming on the GJ H4
Cap
  • #29,547
  • Jan 19, 2010 1:34pm Jan 19, 2010 1:34pm
Quoting PippiNole
What's the old saying, It's better to be out wishing you were in than in wishing you were out.
Does that hold true in other areas of life, as well?
Hi, my name is Barry and you can keep your doctor...
  • #29,548
  • Jan 19, 2010 1:35pm Jan 19, 2010 1:35pm
Quoting cisco
Does that hold true in other areas of life, as well?
Just digging in the trenches like everyone else!
  • #29,549
  • Jan 19, 2010 1:38pm Jan 19, 2010 1:38pm
Quoting cisco
Does that hold true in other areas of life, as well?
You got me there bud! I have no response.
  • #29,550
  • Jan 19, 2010 1:43pm Jan 19, 2010 1:43pm
Quoting PippiNole
You got me there bud! I have no response.


You old horn dog!
Hi, my name is Barry and you can keep your doctor...
  • #29,551
  • Jan 19, 2010 2:01pm Jan 19, 2010 2:01pm
Quoting cisco


You old horn dog!
I like your signature today Cisco!
Just digging in the trenches like everyone else!
  • #29,552
  • Jan 19, 2010 2:09pm Jan 19, 2010 2:09pm
Quoting eohater
I like your signature today Cisco!
Thanks, bro.

A lady friend from Pennsylvania sent them to me. I'll put up a new one tomorrow.
Hi, my name is Barry and you can keep your doctor...
  • #29,553
  • Jan 19, 2010 2:47pm Jan 19, 2010 2:47pm
This is for any US traders on this thread. If you want to continue trading utilizing your existing leverage you better read this link and respond to the appropriate person with an email or letter. This rule will limit retail traders to 10-1 leverage.

http://www.cftc.gov/newsroom/general...pr5772-10.html
  • #29,554
  • Jan 19, 2010 3:34pm Jan 19, 2010 3:34pm
Quoting PippiNole
1st off I believe you have mislabeled your 1hr chart. It may have just been a slip up but that looks to be a hangman followed by a bearish engulfing candle which would have told me we were still headed south. I see what you are trying to get at though. In similar cases I would look to see what my 1hr and my 15 min PA is telling me and if I'm still not comfortable with the signals I'm getting I will stay on the side. What's the old saying, It's better to be out wishing you were in than in wishing you were out.
Hi Pippi,

thank you for your explaination.
  • #29,555
  • Jan 19, 2010 3:42pm Jan 19, 2010 3:42pm
Evening all - hope you have all had a great day. Can a few of you let me know what level gbp/usd was at @ 01:19 on 19 jan gmt. It appears I have a potential problem with my broker that may have cost me dearly. Any help on this issue is greatly appreciated. Thanks in advance
Sleeping boys catch no fish
  • #29,556
  • Jan 19, 2010 3:46pm Jan 19, 2010 3:46pm
Quoting wmloto
Evening all - hope you have all had a great day. Can a few of you let me know what level gbp/usd was at @ 01:19 on 19 jan gmt. It appears I have a potential problem with my broker that may have cost me dearly. Any help on this issue is greatly appreciated. Thanks in advance
I have a low of 1.6411 and a high of 1.6417 on the 15m candle that opened at 1:15 gmt
Please ask questions and share your experiences with us all!
  • #29,557
  • Jan 19, 2010 3:50pm Jan 19, 2010 3:50pm
Thanks bkg.
Sleeping boys catch no fish
  • #29,558
  • Jan 19, 2010 4:16pm Jan 19, 2010 4:16pm
Quoting wmloto
Evening all - hope you have all had a great day. Can a few of you let me know what level gbp/usd was at @ 01:19 on 19 jan gmt. It appears I have a potential problem with my broker that may have cost me dearly. Any help on this issue is greatly appreciated. Thanks in advance

I have Open @ 1.6413
High @ 1.6414
Low @ 1.6412
Close @ 1.6412

That's on IBFX 1 min Chart

John
  • #29,559
  • Jan 19, 2010 4:33pm Jan 19, 2010 4:33pm
thanks Jcg
Sleeping boys catch no fish
  • #29,560
  • Jan 19, 2010 5:02pm Jan 19, 2010 5:02pm
Hey,

Could I just check what pairs people are trading with this system?

I only see people commenting on

GBP/USD and EUR/JPY

Do most of you just trade these 2?
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