Good morning lucklady .I hope you are well today
Trade what you see NOT what you expect
- #32,066
- Feb 25, 2010 3:15am Feb 25, 2010 3:15am
- Joined Sep 2008 | Status: Trader | 1,364 Posts
Good morning MCFly. I hope you are well today
Hope you are well too.
Hi Ahsan,
did you sell because of the 1hr close below 8935?
what are the two dashed MAs on your chart?
tdeu
did you sell because of the 1hr close below 8935?
what are the two dashed MAs on your chart?
tdeu
Way ahead of you there. Already took half my position off, stop at break even and letting the rest run its course.
http://img689.imageshack.us/img689/8186/audusdshort.gif
it was not a suprise
- #32,075
- Feb 25, 2010 4:28am Feb 25, 2010 4:28am
Great wisdom Captain and perhaps an example if I may.
The attached charts show a daily with lots of Horizontals with particular attention on the yellow ellipse showing a broken yellow line. This line is weekly support going back some years. It happens to also coincide with last years 50 % Fib from the move between 135xx to 1.70xx.
The other chart shows the 15 min reaction, where I went long and just booked 36pips and covered.
Once again EO and the rest of you who keep telling us to look left and HTF, I continue to thank you
The attached charts show a daily with lots of Horizontals with particular attention on the yellow ellipse showing a broken yellow line. This line is weekly support going back some years. It happens to also coincide with last years 50 % Fib from the move between 135xx to 1.70xx.
The other chart shows the 15 min reaction, where I went long and just booked 36pips and covered.
Once again EO and the rest of you who keep telling us to look left and HTF, I continue to thank you
EO touched on something in his last post that is helping me learn this sytem and hopfeully will help others: Plan ahead - Find the areas where the big boys are going to be buying and selling (major support and resistance) and keep patience and avoid overtrading. Walk away, check back every so often, and when price is nearing the level YOU WANT then look for some confirming PA and take the trade. I think the biggest problem people have about trying to learn this sytem is taking too many trades. Start out with major support and resistance trades,...
