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Trade what you see NOT what you expect

  • #32,081
  • Feb 25, 2010 5:22am Feb 25, 2010 5:22am
Quoting The Captain
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. ........Hope this helps the fellow newbies!

Peace!
Thanks Captain! Useful summary!
  • #32,082
  • Feb 25, 2010 5:38am Feb 25, 2010 5:38am
Good MAE Everyone
Ghost Rider - WWTBMD?
  • #32,083
  • Feb 25, 2010 5:41am Feb 25, 2010 5:41am
Good morning Chris
  • #32,084
  • Feb 25, 2010 5:55am Feb 25, 2010 5:55am
Quoting albchr
Good MAE Everyone
Hi Chris
  • #32,085
  • Feb 25, 2010 6:07am Feb 25, 2010 6:07am
Quoting bkg102665
I see a long showing on the daiy chart possible for tomorrow, anyone else see it that way?
Good morning everyone. So much for me and my bright idea!!
Please ask questions and share your experiences with us all!
  • #32,086
  • Feb 25, 2010 6:24am Feb 25, 2010 6:24am
Quoting MarcVUM
don't know if you guys and gals are interested but there a nice! short taking place on the aud/usd

cheers

Thanks for sharing it. Me too I use EO's method when trading aud/usd.
  • #32,087
  • Feb 25, 2010 6:41am Feb 25, 2010 6:41am
Quoting moonriver
Thanks for sharing it. Me too I use EO's method when trading aud/usd.

absolutely! EO, thanks for sharing your method!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #32,088
  • Feb 25, 2010 7:04am Feb 25, 2010 7:04am
What do you think about the last 1 hr pin. Looks long for me but news are coming in 30 min.
  • #32,089
  • Feb 25, 2010 7:10am Feb 25, 2010 7:10am
looks like a nice bottom on 1hr and maybe a dblhc on 4hr (gmt)

we had a nice bounce from the upward sloping TL on M15 too

I'm short from 5335, covered

as well as long from 5281, covered

waiting for the outcome


Quoting MCFly
What do you think about the last 1 hr pin. Looks long for me but news are coming in 30 min.
  • #32,090
  • Feb 25, 2010 7:11am Feb 25, 2010 7:11am
Quoting MCFly
What do you think about the last 1 hr pin. Looks long for me but news are coming in 30 min.
it is currently sitting on a trendline that i have drawn from 5 Feb. that's my 2 cents.

cheers
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #32,091
  • Feb 25, 2010 7:14am Feb 25, 2010 7:14am
Quoting tdeu
Hi Ahsan,

did you sell because of the 1hr close below 8935?

what are the two dashed MAs on your chart?

tdeu
As for myself, sold it because of touching and closing below PPA (894x -895x area) and our famous 200 MA. And there was 1H62EMA as well. Tp at Fib 50% of previous up, @8905 . (It would have been better.)
  • #32,092
  • Feb 25, 2010 7:19am Feb 25, 2010 7:19am
M15 looks like a pennant -> continuation pattern

we just hit the upper downward sloping TL

maybe just another opportunity to go long around 528x

tdeu
  • #32,093
  • Feb 25, 2010 8:08am Feb 25, 2010 8:08am
Hi all- hope all is well for all. Question for gladis and lucky lady as I gather you are both based in uk (maybe wrong) but can you reccomend a broker other than ig index thanks in advance
Sleeping boys catch no fish
  • #32,094
  • Feb 25, 2010 8:09am Feb 25, 2010 8:09am
Good afternoon WM. I hope you are well today
" When the ship starts to sink, don't just pray. JUMP "
  • #32,095
  • Feb 25, 2010 8:11am Feb 25, 2010 8:11am
Quoting wmloto
Hi all- hope all is well for all. Question for gladis and lucky lady as I gather you are both based in uk (maybe wrong) but can you reccomend a broker other than ig index thanks in advance
Are you having trouble with IG ? or do you just prefer a "proper" broker ?
" When the ship starts to sink, don't just pray. JUMP "
  • #32,096
  • Feb 25, 2010 8:14am Feb 25, 2010 8:14am
Hi gladis - not too bad, you? one of my issues is stops I get closed out then the trade goes In my direction talk about frustrating. I guess stop distances is another artform I have to master. Do you always use stops yourself?

No problems with ig just want to use another platform I think I used the word broker in the wrong way
Sleeping boys catch no fish
  • #32,097
  • Feb 25, 2010 8:18am Feb 25, 2010 8:18am
Quoting wmloto
Hi gladis - not too bad, you? one of my issues is stops I get closed out then the trade goes In my direction talk about frustrating. I guess stop distances is another artform I have to master. Do you always use stops yourself?
Yes I always use stops. learning where to place your stops is very important and changing broker will not change this. I am sure that you are aware that if you use a traditional broker you become liable for tax.
" When the ship starts to sink, don't just pray. JUMP "
  • #32,098
  • Feb 25, 2010 8:19am Feb 25, 2010 8:19am
I do trade with IG and also Capital Spreads
" When the ship starts to sink, don't just pray. JUMP "
  • #32,099
  • Feb 25, 2010 8:25am Feb 25, 2010 8:25am
Thanks gladis - I didn't think changing my platform would help with stops just ig know too much about me (if you know what I mean) thanks for taking the time - trade well
Sleeping boys catch no fish
  • #32,100
  • Feb 25, 2010 8:28am Feb 25, 2010 8:28am
Quoting wmloto
Thanks gladis - I didn't think changing my platform would help with stops just ig know too much about me (if you know what I mean) thanks for taking the time - trade well
You are welcome it is useful to maintain 2 accounts (at least )
" When the ship starts to sink, don't just pray. JUMP "
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