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Trade what you see NOT what you expect

  • #32,441
  • Mar 4, 2010 2:01pm Mar 4, 2010 2:01pm
Quoting tdeu
Hi guys and girls,

How often do you redraw your trend lines and channels?

And (very important) where do you draw your parallel line for a channel?

Cheers

tdeu
Depends on the timeframe of the chart. A monthly chart takes a long time to develop so trend lines, channels etc do not have to be redrawn as often as an 15M chart.
  • #32,442
  • Mar 4, 2010 2:01pm Mar 4, 2010 2:01pm
Good morning EO,

Is there a "system/logic" behind the second entry (set a PO at the open of the second candle) for a DBLHC/DBHLC ?

You mentioned it a couple of weeks ago - I mean the 2nd entry and not the system.

thanks

tdeu
  • #32,443
  • Edited 6:32pm Mar 4, 2010 2:06pm | Edited 6:32pm
This is a question about 1/5 o'clock trades.

Very often the 35 pip distance from the close of the last candle, that closed through the 35SMA, means we are already at the next S/R or PPA line.

Any solution for that?

Does this 35 pip distance affect range breakouts?

Cheers

tdeu


quote=eohater;3517206][
Quote:
Originally Posted by bkg102665 http://cdn.forexfactory.com/images/buttons/viewpost.gif
If we move above todays high then we have also moved +35 pips away from the last candle to cross thru the 35ma so lets go LONG then!!

http://cdn.forexfactory.com/images/s...m/thumbsup.gif
/quote]
  • #32,444
  • Edited 3:28pm Mar 4, 2010 2:09pm | Edited 3:28pm
The attached chart is 1hr.

The question is: Is price reacting to the original TL or the most recent one?

Or maybe better put - which one (on one TF - e.g 1hr) is more important?

Quoting Ctic
Depends on the timeframe of the chart. A monthly chart takes a long time to develop so trend lines, channels etc do not have to be redrawn as often as an 15M chart.
  • #32,445
  • Mar 4, 2010 3:36pm Mar 4, 2010 3:36pm
Hi EO,

"targeting your higher valued ma's for TP's."

Do you mean the 35/50 on M15 or e.g. 62EMA on 1hr or 50EMA on 4hr?

Cheers

Thomas


Quoting eohater
No offense taken!...
  • #32,446
  • Edited Mar 5, 2010 3:27am Mar 4, 2010 6:30pm | Edited Mar 5, 2010 3:27am
My 4hr 3/3 16:00gmt candle and my 3/4 12:00gmt candle have both gone up and tested the close of the 3/1 4:00 gmt candle so I would be looking for short oppertunities maybe off the 50ma or 62ma on the 1hr.
Please ask questions and share your experiences with us all!
  • #32,447
  • Mar 4, 2010 10:49pm Mar 4, 2010 10:49pm
Quoting bkg102665
My 4hr 3/3 16:00gmt candle and my 3/4 12:00gmt candle have both gone up and tested the close of the 3/1 4:00 gmt candle so I am thinking we are headed deeper down now.Just my two cents worth.....
i predict you will be either right or wrong or both
  • #32,448
  • Mar 4, 2010 11:03pm Mar 4, 2010 11:03pm
Quoting dakrusha
i predict you will be either right or wrong or both
Hi Tim. I hope you are well today. So that a maybe
" When the ship starts to sink, don't just pray. JUMP "
  • #32,449
  • Mar 4, 2010 11:11pm Mar 4, 2010 11:11pm
Quoting Gladis Night
Hi Tim. I hope you are well today. So that a maybe
i'm very well. back in the saddle. got a grip on my psycho emotions keeping me out of good trades.

i'm over 150 pips today so i'm happy.
how are you doing?
  • #32,450
  • Mar 4, 2010 11:15pm Mar 4, 2010 11:15pm
Quoting dakrusha
i'm very well. back in the saddle. got a grip on my psycho emotions keeping me out of good trades.

i'm over 150 pips today so i'm happy.
how are you doing?
That is really great to hear, was worried about you for a bit, I am doin ok thanks
" When the ship starts to sink, don't just pray. JUMP "
  • #32,451
  • Mar 4, 2010 11:16pm Mar 4, 2010 11:16pm
Quoting Gladis Night
That is really great to hear, was worried about you for a bit, I am doin ok thanks
i've been worried bout me too.. ...
i just had too many things hit home at one time. it'll all work out
  • #32,452
  • Mar 4, 2010 11:19pm Mar 4, 2010 11:19pm
Quoting dakrusha
i've been worried bout me too.. ...
i just had too many things hit home at one time. it'll all work out
sure it will, you sound a lot more positive you must have really broad shoulders
" When the ship starts to sink, don't just pray. JUMP "
  • #32,453
  • Mar 4, 2010 11:20pm Mar 4, 2010 11:20pm
Quoting Gladis Night
sure it will, you sound a lot more positive you must have really broad shoulders
nope. just too stupid to give up
  • #32,454
  • Mar 4, 2010 11:21pm Mar 4, 2010 11:21pm
Quoting dakrusha
nope. just too stupid to give up
LOL don't confuse stupid with determination
" When the ship starts to sink, don't just pray. JUMP "
  • #32,455
  • Mar 5, 2010 12:48am Mar 5, 2010 12:48am
Please note that I have now secured the world wide copyright on " stupid" ( with the exception of the field of politics ). Should you wish to avail yourself of this service, either intentionally or otherwise, a royallty fee of $10 per day is payable in cash. Thank you
" When the ship starts to sink, don't just pray. JUMP "
  • #32,456
  • Mar 5, 2010 12:51am Mar 5, 2010 12:51am
Quoting Gladis Night
Please note that I have now secured the world wide copyright on " stupid" ( with the exception of the field of politics ). Should you wish to avail yourself of this service, either intentionally or otherwise, a royallty fee of $10 per day is payable in cash. Thank you
What currency!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #32,457
  • Mar 5, 2010 12:58am Mar 5, 2010 12:58am
Quoting bkg102665
My 4hr 3/3 16:00gmt candle and my 3/4 12:00gmt candle have both gone up and tested the close of the 3/1 4:00 gmt candle so I am thinking we are headed deeper down now.Just my two cents worth.....
This is what kill some guys yesterday! They think price will break 1.5115-1.5128 area as someone think the area is a minor resistance. Let avoid using the word THINK here on this thread. We trade what we see here and not what we expect or think. If u think is going deep down and is setup up for north, one will just sit down they look like idiot without pulling the trigger. Let the PA shows the lead. Thank you.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #32,458
  • Mar 5, 2010 1:09am Mar 5, 2010 1:09am
Quoting ejiexe
This is what kill some guys yesterday! They think price will break 1.5115-1.5128 area as someone think the area is a minor resistance. Let avoid using the word THINK here on this thread. We trade what we see here and not what we expect or think. If u think is going deep down and is setup up for north, one will just sit down they look like idiot without pulling the trigger. Let the PA shows the lead. Thank you.
Agreed, but sharing what you see can help everyone, including yourself.
" When the ship starts to sink, don't just pray. JUMP "
  • #32,459
  • Mar 5, 2010 2:11am Mar 5, 2010 2:11am
Quoting ejiexe
This is what kill some guys yesterday! They think price will break 1.5115-1.5128 area as someone think the area is a minor resistance. Let avoid using the word THINK here on this thread. We trade what we see here and not what we expect or think. If u think is going deep down and is setup up for north, one will just sit down they look like idiot without pulling the trigger. Let the PA shows the lead. Thank you.
I like to trade with some type of game plan in mind when I start my day and I like to share my thoughts to see if others are seeing the same thing.I gave a reason for why I think it will go down but asked no one to jump in a trade based of what I think.
Please ask questions and share your experiences with us all!
  • #32,460
  • Mar 5, 2010 2:15am Mar 5, 2010 2:15am
Quoting bkg102665
I like to trade with some type of game plan in mind when I start my day and I like to share my thoughts to see if others are seeing the same thing.I gave a reason for why I think it will go down but asked no one to jump in a trade based of what I think.
Good morning bkg. I hope you are well today. Please keep sharing, if more people shared then maybe we all get better
" When the ship starts to sink, don't just pray. JUMP "
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