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Why did you start trading and what do you expect from it? 19 replies

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Trade what you see NOT what you expect

  • #32,361
  • Mar 4, 2010 2:58am Mar 4, 2010 2:58am
Quoting eohater
No offense taken!...
Actually.. it already stopped me out. But i am looking for a good entry again (maybe 35/50).
As for the government.. i don't know exactly how it works there, but what is more frustrating is that our taxes money are the paycheck for prostitutes (i'm not joking, we had about 3 sexual scandals from last summer till now, and if u know anybody interested... seems that 1 "dinner" with Berlusconi worth 5000 euro).

As for the thread, if i may, i would like to ask something: in some uptrend, how to distinguish a bouce from the EMA (1 o' clock) from some "hangin man" pattern?
I don't want a job, i want money!
  • #32,362
  • Mar 4, 2010 3:01am Mar 4, 2010 3:01am
Does everyone see it bouncing between the 200 and the 248 a few times today?

If it does, I assume it will break through one of them at some point?

Lee
  • #32,363
  • Mar 4, 2010 3:06am Mar 4, 2010 3:06am
Quoting dakrusha
my cousin plays rugby...he's a pussy.
soccer is a real mans sport
Now look what you've started Lee.

I'm a football/soccer man myself Dak but I'm not sure I'd call some of the rugby players I know pussies. Then again, at least I know they couldn't catch me if I did.
  • #32,364
  • Mar 4, 2010 3:11am Mar 4, 2010 3:11am
Quoting macc
Now look what you've started Lee.

I'm a football/soccer man myself Dak but I'm not sure I'd call some of the rugby players I know pussies. Then again, at least I know they couldn't catch me if I did.
they all got their arms around eachother in a huddle...what's that aout? and yeah, they aint gonna catch me either. my knees are tore up from kung fu and soccer but i can still sprint like a mo fo!
  • #32,365
  • Mar 4, 2010 3:13am Mar 4, 2010 3:13am
Guys.. is it just me, or EUR-JPY is heading to a very huge resistence at 120.9#? 1h 50MA , 15m 200MA (with possible 35/50)
I don't want a job, i want money!
  • #32,366
  • Mar 4, 2010 3:20am Mar 4, 2010 3:20am
Quoting dakrusha
they all got their arms around eachother in a huddle...what's that aout? and yeah, they aint gonna catch me either. my knees are tore up from kung fu and soccer but i can still sprint like a mo fo!


You know kung fu. A benefit I don't have if I'm going to get in a pussy slinging fight with rugby players
  • #32,367
  • Mar 4, 2010 3:20am Mar 4, 2010 3:20am
Quoting dario1002
Guys.. is it just me, or EUR-JPY is heading to a very huge resistence at 120.9#? 1h 50MA , 15m 200MA (with possible 35/50)
i would answer that but i don't even look at other pairs. sorry bro!
  • #32,368
  • Mar 4, 2010 3:32am Mar 4, 2010 3:32am
Quoting dario1002
Actually.. it already stopped me out. But i am looking for a good entry again (maybe 35/50).
As for the government.. i don't know exactly how it works there, but what is more frustrating is that our taxes money are the paycheck for prostitutes (i'm not joking, we had about 3 sexual scandals from last summer till now, and if u know anybody interested... seems that 1 "dinner" with Berlusconi worth 5000 euro).

As for the thread, if i may, i would like to ask something: in some uptrend, how to distinguish a bouce from the EMA (1 o' clock) from...
I lived in Italy (Rome) for a while Dario so I hear what you're saying. Living there does have a lot of plus points too though.

If your question about the 1 o' clock trade verses a hanging man is referring to what happened on GU at 8.45am GMT, remember that the 1 o'clock/5 o'clock trades should be looked for when price has chosen a direction (on the 15m) and the ma's are spreading out in order and trending/pointing in a certain direction (1 o'clock or 5 o'clock) and you're looking for with trend entries off the ma's.

The hangman at 8.45 could be classed by some as a 5 o'clock short trade off the 21ma as opposed to a pull back to the 5/10ma for a 1 o'clock long entry.

If the 15m 200sma has turned price for a move North from here it has to first break through the 15m ma's and that can take a while. If she gets through the other side of the 35/50 then there may be opportunities for 1 o'clock type trades.

Perhaps worth going over the thread PDF again and Ken's great document on trade entry examples.
  • #32,369
  • Mar 4, 2010 3:33am Mar 4, 2010 3:33am


I'm not getting into this one as I was too skinny to play rugby when I was young. I only played one game and some big dude kept pushing me over like I was a stick insect, so I stuck to soccer after that.

Dario I see your eur jpy area and kinda agree, there is also confluence with the 200 sma. Must admit though I didn't have EJ on my radar today.


Quoting dakrusha
they all got their arms around eachother in a huddle...what's that aout? and yeah, they aint gonna catch me either. my knees are tore up from kung fu and soccer but i can still sprint like a mo fo!
  • #32,370
  • Mar 4, 2010 3:43am Mar 4, 2010 3:43am
Quoting dakrusha
they all got their arms around eachother in a huddle!
Mmmm sounds like fun
" When the ship starts to sink, don't just pray. JUMP "
  • #32,371
  • Mar 4, 2010 3:45am Mar 4, 2010 3:45am
Quoting macc
I lived in Italy (Rome) for a while Dario so I hear what you're saying. Living there does have a lot of plus points too though.

If your question about the 1 o' clock trade verses a hanging man is referring to what happened on GU at 8.45am GMT, remember that the 1 o'clock/5 o'clock trades should be looked for when price has chosen a direction (on the 15m) and the ma's are spreading out in order and trending/pointing in a certain direction (1 o'clock or 5 o'clock) and you're looking for with trend entries off the ma's.

The hangman at 8.45 could...
I will read it again for sure.. just sometimes there are some mixed signals (but if it was easy everybody would do it, right?). for example in the asian session there was a clear 5 o' clock movement with couple of hangin man here and there.

Living here has a lot of plus (today it's about 18 degrees and the 25th of december we had 25 degrees - sicily), but to start business here is not really the best place.

thank u very much for your reply
I don't want a job, i want money!
  • #32,372
  • Mar 4, 2010 3:49am Mar 4, 2010 3:49am
Quoting Gladis Night
Mmmm sounds like fun
Oh Gladis! We're supposed to be professionals on here
  • #32,373
  • Mar 4, 2010 3:51am Mar 4, 2010 3:51am
Quoting eohater
Now how many people in here took it? It was available on GU and EU at the same time. Last night no one took it on GU and she paid well on it. I hope someone didn't make the same mistake.
I have pending @ 1.5019 and did'nt pick it. What a mistake! I see spiking through the 200sma to hit my trendline that is why i have it on 1.5019 hoping it will reach 1.5015 and pick it @ 1.5019. The lowest price on my platform was 1.5020.

How should i have play the 200sma? I need help pls
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #32,374
  • Mar 4, 2010 3:52am Mar 4, 2010 3:52am
Quoting dario1002
I will read it again for sure.. just sometimes there are some mixed signals (but if it was easy everybody would do it, right?). for example in the asian session there was a clear 5 o' clock movement with couple of hangin man here and there.

Living here has a lot of plus (today it's about 18 degrees and the 25th of december we had 25 degrees - sicily), but to start business here is not really the best place.

thank u very much for your reply
Perhaps it would help if you posted a chart of what you're seeing to help people provide feedback.

If you're talking about hanging men appearing at the ma's in a 5 o'clock move then that would support the short trade.
  • #32,375
  • Mar 4, 2010 3:53am Mar 4, 2010 3:53am
Quoting macc
Oh Gladis! We're supposed to be professionals on here
LOL all work and no play makes you rich ( and boring )
" When the ship starts to sink, don't just pray. JUMP "
  • #32,376
  • Mar 4, 2010 3:56am Mar 4, 2010 3:56am
Quoting Gladis Night
LOL all work and no play makes you rich ( and boring )
NO DOUBT!
  • #32,377
  • Mar 4, 2010 3:57am Mar 4, 2010 3:57am
Quoting Gladis Night
LOL all work and no play makes you rich ( and boring )
I'm of the "work hard, play hard" fraternity myself Gladis
  • #32,378
  • Mar 4, 2010 3:59am Mar 4, 2010 3:59am
here u go...
Attached Image (click to enlarge)
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I don't want a job, i want money!
  • #32,379
  • Mar 4, 2010 4:01am Mar 4, 2010 4:01am
the first chart i've ever published.... i'm becoming a big boy!!

(i like to boost myself!)
I don't want a job, i want money!
  • #32,380
  • Mar 4, 2010 4:02am Mar 4, 2010 4:02am
Quoting ejiexe
I have pending @ 1.5019 and did'nt pick it. What a mistake! I see spiking through the 200sma to hit my trendline that is why i have it on 1.5019 hoping it will reach 1.5015 and pick it @ 1.5019. The lowest price on my platform was 1.5020.

How should i have play the 200sma? I need help pls
Hi Ejiexe.

It's a similar situation to yesterday really.

Some will have played the 200 sma as a touch only entry without confirmation, other's may have waited for pa and she formed another DBLHC on the 15m with a subsequent retrace down the combined wick for your long entry.
She's actually gone on to produce a DBLHC on the 1h now too with a subsequent retrace down the combined wick for a third bite at the cherry.

Not always easy to take the ma touch trades but you often get subsequent pa which confirms the move and gives you another opportunity to enter.
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