Trade what you see NOT what you expect | Page 1537 | Forex Factory

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Trade what you see NOT what you expect

  • #30,721
  • Feb 2, 2010 4:58am Feb 2, 2010 4:58am
closed my 5 o'clock trade of the 10 EMA from 5927 after the white inverted hammer (kinda), that sent price to 21 EMA.

a question to the more experienced traders:

was this the right decision

tdeu
  • #30,722
  • Feb 2, 2010 5:20am Feb 2, 2010 5:20am
Hi Tdeu.

I am not sure if this will help, however EO once posted something quite a while ago that I have followed.

He said (not verbatim ) when trading off the 15min 5 or 10 ema put your stop behind the 21 ema and let the trade run. I have followed this advice since and it offers some rational to accept the trades that go against us as well as those that play out in our favour with the same emotion. Its just another trade after all.

On this occasion who knows whether you were right or not, time will now show us.



Quoting tdeu
closed my 5 o'clock trade of the 10 EMA from 5927 after the white inverted hammer (kinda), that sent price to 21 EMA.

a question to the more experienced traders:

was this the right decision

tdeu
  • #30,723
  • Feb 2, 2010 5:34am Feb 2, 2010 5:34am
how do u think guys?

another 35/50 approaching??
I don't want a job, i want money!
  • #30,724
  • Feb 2, 2010 5:46am Feb 2, 2010 5:46am
Watching closely.

The candle seems to be carving out a a rather long wick now however.

I was stopped out of the last 35/50

Quoting dario1002
how do u think guys?

another 35/50 approaching??
  • #30,725
  • Feb 2, 2010 6:04am Feb 2, 2010 6:04am
Looks like 1.597xx is next test.

Asia session high and m15 200 ema converge there....
  • #30,726
  • Feb 2, 2010 6:09am Feb 2, 2010 6:09am
Quoting robgsxr
Looks like 1.597xx is next test.

Asia session high and m15 200 ema converge there....

i agree with u... but still here the "big guys" are lacking maybe they could give us (i assume u are new too) some more clues!!
I don't want a job, i want money!
  • #30,727
  • Feb 2, 2010 6:12am Feb 2, 2010 6:12am
sell DBHLC of the 200MA on 1hr EJ?

4hr mades some kinda spinning top and bounced of the 50EMA too

tdeu
  • #30,728
  • Feb 2, 2010 6:15am Feb 2, 2010 6:15am
Yes,

I think the strategy encyclopedia's are still sleeping.

Lucky lady was around earlier, she really seems to have mastered EO's system.

Quoting dario1002
i agree with u... but still here the "big guys" are lacking maybe they could give us (i assume u are new too) some more clues!!
  • #30,729
  • Feb 2, 2010 6:18am Feb 2, 2010 6:18am
Quoting tdeu
sell DBHLC of the 200MA on 1hr EJ?

tdeu
can you post what you are seeing ? and explain DBHLC
" When the ship starts to sink, don't just pray. JUMP "
  • #30,730
  • Feb 2, 2010 6:23am Feb 2, 2010 6:23am
Good spot Tdeu

My H4 closes in 35 minutes. At the moment it is showing higher high and higher low.




Quoting tdeu
sell DBHLC of the 200MA on 1hr EJ?

4hr mades some kinda spinning top and bounced of the 50EMA too

tdeu
  • #30,731
  • Feb 2, 2010 6:26am Feb 2, 2010 6:26am
Hi Gladis

I just mentioned trading encyclopedia's and you appeared as if by magic..

Quoting Gladis Night
can you post what you are seeing ? and explain DBHLC
  • #30,732
  • Feb 2, 2010 6:37am Feb 2, 2010 6:37am
what is DBHLC?
I don't want a job, i want money!
  • #30,733
  • Feb 2, 2010 6:40am Feb 2, 2010 6:40am
hello rob and everyone. i hope you are all well
" When the ship starts to sink, don't just pray. JUMP "
  • #30,734
  • Feb 2, 2010 6:46am Feb 2, 2010 6:46am
Good morning everyone, I hope you are all doing great today!!
Please ask questions and share your experiences with us all!
  • #30,735
  • Feb 2, 2010 6:47am Feb 2, 2010 6:47am
Quoting dario1002
what is DBHLC?
Hi Dario and everyone else.

Check out post number 28485 where Ken gives a recap of how EO regards the DBHLC/DBLHC with this method.

Macc
  • #30,736
  • Feb 2, 2010 6:48am Feb 2, 2010 6:48am
Good morning bkg and macc
" When the ship starts to sink, don't just pray. JUMP "
  • #30,737
  • Feb 2, 2010 6:48am Feb 2, 2010 6:48am
Good morning bkg
Quoting dario1002
what is DBHLC?
It stands for Double Bar High Lower Close. We don't use it here in the strictest sense of what it means but you will get the idea.
  • #30,738
  • Feb 2, 2010 6:49am Feb 2, 2010 6:49am
Quoting macc
Hi Dario and everyone else.

Check out post number 28485 where Ken gives a recap of how EO regards the DBHLC/DBLHC with this method.

Macc
Thanks Macc I was just searching for a decent post on it, you saved me the job
  • #30,739
  • Feb 2, 2010 6:49am Feb 2, 2010 6:49am
here you go

Quoting Gladis Night
can you post what you are seeing ? and explain DBHLC
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej 1h.gif Size: 23 KB
Click to Enlarge Name: ej 4h.gif Size: 24 KB
  • #30,740
  • Feb 2, 2010 6:51am Feb 2, 2010 6:51am
Doing good thanks...

-----------------------------------

Dario here is the extract from Kens PDF of the DBHLC, you can find the complete document in the attachments folder.

And also the chart Gladis as I saw it, that I believe TDEU was referring to.


Quoting Gladis Night
hello rob and everyone. i hope you are all well
Attached Images
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