Trade what you see NOT what you expect | Page 1550 | Forex Factory

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Trade what you see NOT what you expect

  • #30,981
  • Feb 4, 2010 12:04am Feb 4, 2010 12:04am
Quoting luckylady
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.
Hi, Luckylady
Thanks for your help. I did read that post, but I still do not undstand. EO said 1h had restistence, and 15 could not close above it for multiple times. I saw my chart got a shooting star, the top wick was 1.6055 area. but his entry was 1.6060, imagine when price was st 1.6060, how did you know it will not close above 1.6055 area? Or i just need unstand roughly?
It is not arguing or debate, it is for dicussion to clear my confusion.

Thanks
Dancing with Candlesticks
  • #30,982
  • Feb 4, 2010 12:07am Feb 4, 2010 12:07am
Quoting iForex
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?
Good morning iforex
This thread is to help us understand how to trade this method. EO does not usually give recommendations or trade calls as we will not learn to see for ourselfs
" When the ship starts to sink, don't just pray. JUMP "
  • #30,983
  • Feb 4, 2010 12:09am Feb 4, 2010 12:09am
Good morning luckylady. i hope you are well today
" When the ship starts to sink, don't just pray. JUMP "
  • #30,984
  • Feb 4, 2010 12:20am Feb 4, 2010 12:20am
Quoting iForex
Hi, Luckylady
Thanks for your help. I did read that post, but I still do not undstand. EO said 1h had restistence, and 15 could not close above it for multiple times. I saw my chart got a shooting star, the top wick was 1.6055 area. but his entry was 1.6060, imagine when price was st 1.6060, how did you know it will not close above 1.6055 area? Or i just need unstand roughly?
It is not arguing or debate, it is for dicussion to clear my confusion.

Thanks
Perhaps this will make it a little easier to understand. I have attached the 15min chart, price hit resistance then tried again but couldn't close above the high made before then it made a pin that still closed below, normally you would aim to take those around half way up the wick which is where EO took it. When taking that sort of entry you don't know its going to turn around but its excellent risk:reward, and well worth a shot.
Attached Image
  • #30,985
  • Feb 4, 2010 12:22am Feb 4, 2010 12:22am
Quoting Gladis Night
Good morning luckylady. i hope you are well today
Good morning Gladis, fine thank you
  • #30,986
  • Feb 4, 2010 12:32am Feb 4, 2010 12:32am
Good morning everyone! I just filled a long position at 5886 tight SL.
Just digging in the trenches like everyone else!
  • #30,987
  • Feb 4, 2010 12:34am Feb 4, 2010 12:34am
Quoting eohater
Good morning everyone! I just filled a long position at 5886 tight SL.
I will booked partial profit for +10 at 5896
Just digging in the trenches like everyone else!
  • #30,988
  • Feb 4, 2010 12:34am Feb 4, 2010 12:34am
morning All
  • #30,989
  • Feb 4, 2010 12:36am Feb 4, 2010 12:36am
Good morning EO and David, EO You're up and about early/late
  • #30,990
  • Feb 4, 2010 12:44am Feb 4, 2010 12:44am
Good morning EO and david. I hope you are both well today
" When the ship starts to sink, don't just pray. JUMP "
  • #30,991
  • Feb 4, 2010 12:45am Feb 4, 2010 12:45am
Quoting luckylady
Good morning EO and David, EO You're up and about early/late
Hi LuckyLady I had a long from 5882 took half at 5917 and the rest was just closed
  • #30,992
  • Feb 4, 2010 12:55am Feb 4, 2010 12:55am
Quoting davids
Hi LuckyLady I had a long from 5882 took half at 5917 and the rest was just closed
Nice start to the day
  • #30,993
  • Feb 4, 2010 1:10am Feb 4, 2010 1:10am
Quoting luckylady
Nice start to the day
yeah not to bad took hours to get anything on this i entered last night after the dow closed
  • #30,994
  • Feb 4, 2010 1:11am Feb 4, 2010 1:11am
Quoting Gladis Night
Good morning EO and david. I hope you are both well today

Good Morning Gladis I am doing great how are you?
  • #30,995
  • Feb 4, 2010 1:17am Feb 4, 2010 1:17am
Quoting davids
Good Morning Gladis I am doing great how are you?
I am very well thank you
" When the ship starts to sink, don't just pray. JUMP "
  • #30,996
  • Feb 4, 2010 1:24am Feb 4, 2010 1:24am
Quoting Gladis Night
I am very well thank you
  • #30,997
  • Feb 4, 2010 1:26am Feb 4, 2010 1:26am
I am long 5871 I hope she goes to the moon
  • #30,998
  • Feb 4, 2010 1:27am Feb 4, 2010 1:27am
Quoting davids
I am long 5871 I hope she goes to the moon
" When the ship starts to sink, don't just pray. JUMP "
  • #30,999
  • Feb 4, 2010 1:31am Feb 4, 2010 1:31am
Morning Tim
  • #31,000
  • Feb 4, 2010 1:32am Feb 4, 2010 1:32am
pardon me if this is redundant...but, has anybody noticed that GU seems to trail EJ? When i started in FX i studied EJ for a while and for some reason went back to it today just for kicks and started trading it using the same sys i use for GU. Frankly it doesn't work and thats ok cuz the numbers are all different, but i noticed that what EJ did, GU would do but about a minute or two later.

really really strange. i've cranked in the pips today just trading GU watching EJ
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