Trade what you see NOT what you expect | Page 1549 | Forex Factory

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Trade what you see NOT what you expect

  • #30,961
  • Feb 3, 2010 1:27pm Feb 3, 2010 1:27pm
Quoting dakrusha
i'm long at 5908 and 5914 ....not loving it either for some reason
Nope definitely not loving it.
Cap
  • #30,962
  • Feb 3, 2010 1:28pm Feb 3, 2010 1:28pm
Quoting The Captain
Nope definitely not loving it.
FRICK!! i walked out to get the mail. came back and it's all reversed...badly!
  • #30,963
  • Feb 3, 2010 1:29pm Feb 3, 2010 1:29pm
Quoting dakrusha
FRICK!! i walked out to get the mail. came back and it's all reversed...badly!
Well I hope you got some good mail at least. I just got stopped out in a huge way.
Cap
  • #30,964
  • Feb 3, 2010 1:30pm Feb 3, 2010 1:30pm
Quoting The Captain
Well I hope you got some good mail at least. I just got stopped out in a huge way.
got one SMALL check from a client, and bills that undo the check...seems to be my life this month. UGH!
  • #30,965
  • Feb 3, 2010 1:33pm Feb 3, 2010 1:33pm
take a 1min chart and put the 75/150/315 EMA on it
we always sell off at the MA's

no use picking bottoms WITHOUT SERIOUS PA

I did it a couple of times today :-(

Dakrusha you were right with xx87 as a turning point
let's see how far we go
WAS MY LAST TRY

cheers

tdeu
  • #30,966
  • Feb 3, 2010 1:37pm Feb 3, 2010 1:37pm
Quoting tdeu
take a 1min chart and put the 75/150/315 EMA on it
we always sell off at the MA's

no use picking bottoms

I did it a couple of times today :-(

Dakrusha you were right with xx87 as a turning point
let's see how far we go

cheers
tdeu
It isn't picking bottoms... There was clear PA for a bottom. And the day I look at a 1 minute chart, let alone put MA's on it is the day that I quit this.
Cap
  • #30,967
  • Feb 3, 2010 1:38pm Feb 3, 2010 1:38pm
Quoting tdeu
take a 1min chart and put the 75/150/315 EMA on it
we always sell off at the MA's

no use picking bottoms

I did it a couple of times today :-(

Dakrusha you were right with xx87 as a turning point
let's see how far we go

cheers

tdeu
yeah i'm still in my trades. I expect to AT least break them even, but am just a little frustrated ATM. not been good week so i'm tryin to keep my composure. I still have my targets set to the 20's. Everything on my system says long and this isn't all that abnormal for it to drop hard before it screams the other direction. we shall see though
  • #30,968
  • Feb 3, 2010 1:40pm Feb 3, 2010 1:40pm
Quoting dakrusha
i'm long at 5908 and 5914 ....not loving it either for some reason
I am Going wait till price closes above the 5/10MAs on the M15 before I go long, just to be on the safe side.
  • #30,969
  • Feb 3, 2010 1:55pm Feb 3, 2010 1:55pm
Quoting tdeu
take a 1min chart and put the 75/150/315 EMA on it
we always sell off at the MA's

no use picking bottoms WITHOUT SERIOUS PA

I did it a couple of times today :-(

Dakrusha you were right with xx87 as a turning point
let's see how far we go
WAS MY LAST TRY

cheers

tdeu
I can't really see the point of drilling down to the 1m chart especially with ma's that are the equivalent to the ones we use on the 15min. If I look at the 15min I can see the price touched the ma's all the way down. If you could explain the benefit you see in it, maybe I would think differently.
  • #30,970
  • Feb 3, 2010 2:04pm Feb 3, 2010 2:04pm
Hi Captain,

Sorry to upset you.

The averages are the 5/10/21 from the 15min.

It was just to show the power of the 1 and 5 o'clock trades during a trend that is established - like a freight train.

cheers

Thomas

Quoting The Captain
It isn't picking bottoms... There was clear PA for a bottom. And the day I look at a 1 minute chart, let alone put MA's on it is the day that I quit this.
  • #30,971
  • Feb 3, 2010 2:09pm Feb 3, 2010 2:09pm
my two last levels are at 5937 and 5887

PA here looks not too bad yet

wish we could close above the 5 and maybe 5906

tdeu
  • #30,972
  • Feb 3, 2010 2:14pm Feb 3, 2010 2:14pm
5919 looks good for a short -> PA

also the 21 EMA

tdeu
  • #30,973
  • Feb 3, 2010 3:19pm Feb 3, 2010 3:19pm
Quoting tdeu
5919 looks good for a short -> PA

also the 21 EMA

tdeu
We are getting close to the US Market Closing so price will be in a tight range for a while.
  • #30,974
  • Feb 3, 2010 3:50pm Feb 3, 2010 3:50pm
i ended up taking a third position at 5896 and closed all my trades round 5906. i think i made two pips...not a total loss at least
  • #30,975
  • Feb 3, 2010 3:53pm Feb 3, 2010 3:53pm
Lucky Lady, I deleted the FXGuruMultiMA that I had and loaded the one you attached on Jan 31--now it looks right. Thanks.
  • #30,976
  • Feb 3, 2010 5:18pm Feb 3, 2010 5:18pm
Quoting mary4x
Lucky Lady, I deleted the FXGuruMultiMA that I had and loaded the one you attached on Jan 31--now it looks right. Thanks.
I'm glad it worked ok, maybe something got changed or corrupted somehow
  • #30,977
  • Feb 3, 2010 5:35pm Feb 3, 2010 5:35pm
M15 Candle closed above 5/10MAs, so long @ 5900
  • #30,978
  • Feb 3, 2010 11:39pm Feb 3, 2010 11:39pm
Hello, EO
Yesterday you got a great entry of shorting @ 6060. Can you please explain the reason behind (if you have time, using an picture), I do not believe it was because you were lucky, I do believe it was because of your great skill and experience.

Thanks
Dancing with Candlesticks
  • #30,979
  • Feb 3, 2010 11:50pm Feb 3, 2010 11:50pm
Quoting iForex
Hello, EO
Yesterday you got a great entry of shorting @ 6060. Can you please explain the reason behind (if you have time, using an picture), I do not believe it was because you were lucky, I do believe it was because of your great skill and experience.

Thanks
If you take a look at this post: http://www.forexfactory.com/showthre...81#post3426281 and as pippinole has said quite a few times, if you read what EO has said and then get your own charts and take a look at the time he's referring to and study it that is by far the easiest way to learn.
  • #30,980
  • Feb 3, 2010 11:57pm Feb 3, 2010 11:57pm
Hello, EO
I have another question. Yesterday G/U dropped down from, when it crossed 1h62ema and 15m35/50ma, it had 2 good chance to trade the bouncing or retracement as per our setup.But you did not suggest us to trade that, what was the reason behind?
Dancing with Candlesticks
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