Trade what you see NOT what you expect | Page 1546 | Forex Factory

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Trade what you see NOT what you expect

  • #30,901
  • Feb 3, 2010 6:13am Feb 3, 2010 6:13am
Quoting eskimo
Good Morning EO,

What made you go short @ 6060?
The h1 had resistance on it, then price on the m15 couldn't close above it multiple times.
Just digging in the trenches like everyone else!
  • #30,902
  • Feb 3, 2010 6:14am Feb 3, 2010 6:14am
Quoting eohater
David, do you notice how your 5968 price is just past the 35 pips of the close price of the candle that closed through the m15 35?
yes I did mate
  • #30,903
  • Feb 3, 2010 6:16am Feb 3, 2010 6:16am
Quoting davids
yes I did mate
It's weird, but it's true more than not! My original system had it at 25 pips, but had too many false breaks with 25, I found 35 to be about 75% accurate.
Just digging in the trenches like everyone else!
  • #30,904
  • Feb 3, 2010 6:18am Feb 3, 2010 6:18am
Quoting eohater
It's weird, but it's true more than not! My original system had it at 25 pips, but had too many false breaks with 25, I found 35 to be about 75% accurate.

Yes it is amazing how often it works
  • #30,905
  • Feb 3, 2010 6:18am Feb 3, 2010 6:18am
Quoting eohater
The h1 had resistance on it, then price on the m15 couldn't close above it multiple times.
I see it now...thanks!
“You adapt, evolve, compete or die.”
  • #30,906
  • Feb 3, 2010 6:20am Feb 3, 2010 6:20am
would you long the flat candle on h4 gu
  • #30,907
  • Feb 3, 2010 6:23am Feb 3, 2010 6:23am
Thanks David

I thought your were referring to the horizontal s/r and overlooked the TL, so thanks for the added clarity .
It seems to be pulling like a magnet right now.



Quoting davids
This is what I am looking at Rob ( My chart without the MA's)
  • #30,908
  • Feb 3, 2010 6:25am Feb 3, 2010 6:25am
Quoting eohater
It's weird, but it's true more than not! My original system had it at 25 pips, but had too many false breaks with 25, I found 35 to be about 75% accurate.
ON THIS TRADE DO YOU USUALLY WHAT FOR IT TO BACKUP FOR A BETTER ENTRY, i HAVE A PENDING SELL ORDER WAITING AT 5985
Please ask questions and share your experiences with us all!
  • #30,909
  • Feb 3, 2010 6:33am Feb 3, 2010 6:33am
that last 15 m candle closed nice and flat right on dailey pivot so maybe a small retrace here for nice sell entry
Please ask questions and share your experiences with us all!
  • #30,910
  • Feb 3, 2010 6:41am Feb 3, 2010 6:41am
btw good morning everyone!!
Please ask questions and share your experiences with us all!
  • #30,911
  • Feb 3, 2010 6:41am Feb 3, 2010 6:41am
dear all,
being a newbie. any significance. gu 15m 200sma.
thank you.
regards
  • #30,912
  • Feb 3, 2010 6:49am Feb 3, 2010 6:49am
guys... i am trying to understand this 35 pips thing.. but maybe not being english mothertongue, or just being dumb, i can't get what is behind this strategy... any enlightment???
I don't want a job, i want money!
  • #30,913
  • Feb 3, 2010 6:52am Feb 3, 2010 6:52am
Quoting eohater
It's weird, but it's true more than not! My original system had it at 25 pips, but had too many false breaks with 25, I found 35 to be about 75% accurate.
am missing piece of the jigsaw here! If i understand correctly are you saying that 75% of the time you can expect a PA turn 35 pips after it crosses the 35?

thanks ton!
  • #30,914
  • Feb 3, 2010 6:52am Feb 3, 2010 6:52am
Good morning bkg
" When the ship starts to sink, don't just pray. JUMP "
  • #30,915
  • Feb 3, 2010 7:04am Feb 3, 2010 7:04am
Quoting DavidM
am missing piece of the jigsaw here! If i understand correctly are you saying that 75% of the time you can expect a PA turn 35 pips after it crosses the 35?

thanks ton!
  • #30,916
  • Feb 3, 2010 7:05am Feb 3, 2010 7:05am
Quoting DavidM
am missing piece of the jigsaw here! If i understand correctly are you saying that 75% of the time you can expect a PA turn 35 pips after it crosses the 35?

thanks ton!
Hi David and Dario

Regarding the 35 pip range either side of the 15m ma's EO kindly posted a worksheet previously on the thread which detailed some of his thoughts on this (and other) parts of the method.

EO also makes reference to this type of trade (and some particular variants) in the original PDF at post 1.

See attached word document.

Macc
Attached File(s)
File Type: doc Intraday Trading Worksheet.doc   5 KB | 277 downloads
  • #30,917
  • Feb 3, 2010 7:12am Feb 3, 2010 7:12am
Quoting macc

See attached word document.

Macc
Just realised that attachment wasn't the best for some reason.

Alternatively, click on the attachments button at the top right of the thread (the button with a paperclip on it above the ratings part of the thread toolbar). Once you click on the attachment button you will get a separate pop up screen which has all the thread's attachments on it. At the top of the new window you will see a facility to "hide images". Click on that and you will see only non image attachments and part way down the list you will see EO's original Word document for the intraday trading worksheet.

Macc
  • #30,918
  • Feb 3, 2010 7:12am Feb 3, 2010 7:12am
Quoting macc
Hi David and Dario

Regarding the 35 pip range either side of the 15m ma's EO kindly posted a worksheet previously on the thread which detailed some of his thoughts on this (and other) parts of the method.

EO also makes reference to this type of trade (and some particular variants) in the original PDF at post 1.

See attached word document.

Macc
Thanks... following u guys i feel that every day i am learning something new
I don't want a job, i want money!
  • #30,919
  • Feb 3, 2010 7:13am Feb 3, 2010 7:13am
Quoting macc
Hi David and Dario

Regarding the 35 pip range either side of the 15m ma's EO kindly posted a worksheet previously on the thread which detailed some of his thoughts on this (and other) parts of the method.

EO also makes reference to this type of trade (and some particular variants) in the original PDF at post 1.

See attached word document.

Macc
Thx. Tis a nuance that had evaded! dah!
  • #30,920
  • Feb 3, 2010 7:24am Feb 3, 2010 7:24am
We just had a nice 35/50 cross on eur/usd and it happened at the high of yesterday so I am long, as we speak that may not work out s/l 1.3960
Please ask questions and share your experiences with us all!
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