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Trade what you see NOT what you expect

  • #29,681
  • Jan 20, 2010 9:34am Jan 20, 2010 9:34am
Quoting robgsxr
Looks like GU, EJ, GJ all hit brick walls during the 2.45pm gmt candle.

Thanks for your chart analysis earlier Captain
My pleasure Rob.
Cap
  • #29,682
  • Jan 20, 2010 9:37am Jan 20, 2010 9:37am
Has anyone else been trading the Temptress because she has been a great deal of fun since yesterday.
  • #29,683
  • Jan 20, 2010 9:41am Jan 20, 2010 9:41am
Makes sense

Quoting cisco
Probably waiting for some MPC member named Posen to speak. Noise!
  • #29,684
  • Jan 20, 2010 9:44am Jan 20, 2010 9:44am
Temptress ?? please remind me again I haven't juggled this many ladies for some years so lost touch of keeping so many names...



Quoting PippiNole
Has anyone else been trading the Temptress because she has been a great deal of fun since yesterday.
  • #29,685
  • Jan 20, 2010 9:45am Jan 20, 2010 9:45am
Quoting robgsxr
Temptress ?? please remind me again I haven't juggled this many ladies for some years so lost touch of keeping so many names...
EU
  • #29,686
  • Jan 20, 2010 9:45am Jan 20, 2010 9:45am
Hi Macc thanks very much for you explanation, it was my first trade for months back on my live account so as you could guess it has not inspired me with much confidence, I was on demo yesterday with this system 7 trades with 7 wins. Ah well such is life
  • #29,687
  • Jan 20, 2010 9:49am Jan 20, 2010 9:49am
I think we need a FAQ for this thread. Something I will start on.

Mrs: GBP/USD
Mistress: EUR/JPY
Temptress: EUR/USD
Dragon: GBP/JPY
Cap
  • #29,688
  • Jan 20, 2010 9:50am Jan 20, 2010 9:50am
Ok nope not tempted by the temptress yet!!! (sorry)

Just locked in 10 pips on GU short



Quoting PippiNole
EU
  • #29,689
  • Jan 20, 2010 9:54am Jan 20, 2010 9:54am
Quoting logic38
Hi Macc thanks very much for you explanation, it was my first trade for months back on my live account so as you could guess it has not inspired me with much confidence, I was on demo yesterday with this system 7 trades with 7 wins. Ah well such is life
You're welcome. As I mentioned in my post, the trade was a valid one to take in my opinion. It perhaps highlighted the benefit of looking for your areas of interest on the higher timeframes while handling your actual entries and trade management on the 15m. The fact that it was a counter-trend trade perhaps highlighting that benefit even more.

Macc
  • #29,690
  • Edited 10:18am Jan 20, 2010 10:05am | Edited 10:18am
After mention earlier of conflicting signals.

Is there conflict on the last H1 candle and the corresponding last 15 min candle on GU.

I for one do not know how to read these whilst holding an open short on this pair
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  • #29,691
  • Jan 20, 2010 10:21am Jan 20, 2010 10:21am
Quoting robgsxr
After mention earlier of conflicting signals.

Is there conflict on the last H1 candle and the corresponding last 15 min candle on GU.

I for one do not know how to read these whilst holding an open short on this pair
My take on that is you may get a retest of around 50% of the last 1hr candle that closed and then it will go short from there.I may be looking to go short around 1.6285

It looks like indecision on the 4hr to me though...just my opinion
Please ask questions and share your experiences with us all!
  • #29,692
  • Jan 20, 2010 11:18am Jan 20, 2010 11:18am
Thanks BKG.

You couldn't have predicted much closer and the 15 minute has provided tweezers right under the 50 ema to confirm the short.

I see your take on the H4. Mine closed 15 minutes ago at 17.00gmt and although shows green is inside the previous H4 candle so it still could move either way.
Lets wait and see and learn..

Quoting bkg102665
My take on that is you may get a retest of around 50% of the last 1hr candle that closed and then it will go short from there.I may be looking to go short around 1.6285

It looks like indecision on the 4hr to me though...just my opinion
  • #29,693
  • Jan 20, 2010 11:18am Jan 20, 2010 11:18am
Talk about a 1hr 62 bounce on the Temptress. Wish I was around for that one. 1.4100 might hold, this is getting ridiculous.
Cap
  • #29,694
  • Jan 20, 2010 12:01pm Jan 20, 2010 12:01pm
Quoting The Captain
Talk about a 1hr 62 bounce on the Temptress. Wish I was around for that one. 1.4100 might hold, this is getting ridiculous.
What's even better than that is a short off the daily 50 ema from last week. Now I wasn't still holding that position because I still don't hold trades over the weekend but I did get in The Temptress off the 1hr 62 with a couple of add ons along the way. I'm telling you guys this because you really need to keep an eye on the HTF's.

Funny thing to add is one of EO's favorite people on FF was commenting last week about not wanting to short EU as it was in an up trend on the exact same day as I took the short off the daily 50.
  • #29,695
  • Jan 20, 2010 12:15pm Jan 20, 2010 12:15pm
Quoting PippiNole
What's even better than that is a short off the daily 50 ema from last week. Now I wasn't still holding that position because I still don't hold trades over the weekend but I did get in The Temptress off the 1hr 62 with a couple of add ons along the way. I'm telling you guys this because you really need to keep an eye on the HTF's.

Funny thing to add is one of EO's favorite people on FF was commenting last week about not wanting to short EU as it was in an up trend on the exact same day as I took the short off the daily 50.
Gee...I wonder who that favorite person might be... ....
Ghost Rider - WWTBMD?
  • #29,696
  • Jan 20, 2010 12:27pm Jan 20, 2010 12:27pm
Quoting albchr
Gee...I wonder who that favorite person might be... ....
I think that person may be waiting for the 500 pip pull back to get into a trend trade again.
  • #29,697
  • Jan 20, 2010 12:34pm Jan 20, 2010 12:34pm
Quoting PippiNole
I think that person may be waiting for the 500 pip pull back to get into a trend trade again.
Seems a reasonable plan...no?
Ghost Rider - WWTBMD?
  • #29,698
  • Jan 20, 2010 12:38pm Jan 20, 2010 12:38pm
Quoting albchr
Seems a reasonable plan...no?
  • #29,699
  • Jan 20, 2010 1:04pm Jan 20, 2010 1:04pm
Quoting PippiNole
What's even better than that is a short off the daily 50 ema from last week. Now I wasn't still holding that position because I still don't hold trades over the weekend but I did get in The Temptress off the 1hr 62 with a couple of add ons along the way. I'm telling you guys this because you really need to keep an eye on the HTF's.

Funny thing to add is one of EO's favorite people on FF was commenting last week about not wanting to short EU as it was in an up trend on the exact same day as I took the short off the daily 50.
I need to start holding the HTF trades longer. I get in positive territory and I start getting an itchy trigger finger.
Cap
  • #29,700
  • Jan 20, 2010 1:14pm Jan 20, 2010 1:14pm
Quoting The Captain
I need to start holding the HTF trades longer. I get in positive territory and I start getting an itchy trigger finger.
The very definition of "take some and cover" ...
Ghost Rider - WWTBMD?
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