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Trade what you see NOT what you expect

  • #32,681
  • Mar 10, 2010 10:40am Mar 10, 2010 10:40am
Quoting MCFly
E/J has hit me really hard today. I tried to short her 2 times and lost nearly 50 pips. Some days are pure bs.
sorry to hear that MCFly. Tommorrow is another day, stay positive
" When the ship starts to sink, don't just pray. JUMP "
  • #32,682
  • Mar 10, 2010 11:58am Mar 10, 2010 11:58am
Quoting Gladis Night
sorry to hear that MCFly. Tommorrow is another day, stay positive
Hi Gladis,

thx for your kind words. The third shooting star entry would have saved my day but I couldn't pull the trigger another time although it was close to a htf s&r zone (clother than my other 2 trades). I have spend so much time to follow this thread and to watch the PA on my screens and I'm totally disappointed that I can't be profitable in the long run. It seems I will never see what happen at the charts and why things happen like EO. No discipline, no overview and a lack of charting skills...it comes all together. Maybe screentime is not enough to compensate missing talent.
  • #32,683
  • Mar 10, 2010 11:59am Mar 10, 2010 11:59am
Quoting gladis night
i meant to ask you cisco . Who is that guy with you in photo ?

oh that's messed up!! I love it!!!
  • #32,684
  • Mar 10, 2010 12:14pm Mar 10, 2010 12:14pm
Quoting MCFly
Hi Gladis,

thx for your kind words. The third shooting star entry would have saved my day but I couldn't pull the trigger another time although it was close to a htf s&r zone (clother than my other 2 trades). I have spend so much time to follow this thread and to watch the PA on my screens and I'm totally disappointed that I can't be profitable in the long run. It seems I will never see what happen at the charts and why things happen like EO. No discipline, no overview and a lack of charting skills...it comes all together. Maybe screentime is not...
Don't get disheartened McFly. The only thing you did wrong today was try to fight the strong trend it was in. A glance at the 1hr and 4hr charts before you pulled the trigger would probably have been enough not to chance it, and to perhaps try the 1 o'clock trades instead.
  • #32,685
  • Mar 10, 2010 12:18pm Mar 10, 2010 12:18pm
Quoting leemonk
'ello.

This is what I am working off currently.

Again.. as last time... my warning:

I AM AN AMATEUR - DO NOT USE MY CHARTS - I POST THESE FOR FEEDBACK ONLY.

I see a convergance of sorts and I am not sure where its heading after that.

Any ideas or comments are welcomed.

Lee
I don't use the m15 but one thing that sticks out is that green moving average in your chart. It is obvious that when price reaches it, then is the time to sell.
  • #32,686
  • Mar 10, 2010 2:59pm Mar 10, 2010 2:59pm
Quoting luckylady
Don't get disheartened McFly. The only thing you did wrong today was try to fight the strong trend it was in. A glance at the 1hr and 4hr charts before you pulled the trigger would probably have been enough not to chance it, and to perhaps try the 1 o'clock trades instead.
Hi luckylady,

I was really p... off when I wrote this post and I shouldn't post or trade when I'm in this mood. Therefore I'm sorry.

The problem was that I knew that the price was near an exhaustion area. I have an s&r zone on my daily and 4 hr timeframe there and unfortunately I thought we are close enough to take the set up ( both times a shooting star). This shows my lack in discipline and charting. Sometimes I think I'm the one with the slowest learning curve.
  • #32,687
  • Mar 10, 2010 4:27pm Mar 10, 2010 4:27pm
Quoting fx_addict
Anybody went long on e/j off the 1 hr 200 sma?
I hope everyone took advantage of that signal. Thank you EO, you rule!
  • #32,688
  • Mar 11, 2010 1:54am Mar 11, 2010 1:54am
good morning everybody
I don't want a job, i want money!
  • #32,689
  • Mar 11, 2010 2:05am Mar 11, 2010 2:05am
Good morning dario. I hope you are well today
" When the ship starts to sink, don't just pray. JUMP "
  • #32,690
  • Mar 11, 2010 2:33am Mar 11, 2010 2:33am
i am well thanks... how about u?
I don't want a job, i want money!
  • #32,691
  • Mar 11, 2010 2:35am Mar 11, 2010 2:35am
Quoting dario1002
i am well thanks... how about u?
thats good to hear. I am fantastic thanx
" When the ship starts to sink, don't just pray. JUMP "
  • #32,692
  • Mar 11, 2010 2:44am Mar 11, 2010 2:44am
Quoting Gladis Night
thats good to hear. I am fantastic thanx
Gladis... again i wanted to ask u some questions, if i may.
When all the MA are crossed together in a bunch of pips (15m) like now... do u pull the trigger anyway (trying 35/50 or bounce from 200 or so? i am not talking about this exact moment, i would like to know from your experience.
Then... i might be wrong but it seems that in general US session tend to act like a retracement from London session (i am talking about cable and eur-usd)... either if it goes up or down...did u notice anything like that, or it's just a creation of my mind?

thanks... hope not bothering u with my questions
I don't want a job, i want money!
  • #32,693
  • Mar 11, 2010 2:53am Mar 11, 2010 2:53am
Quoting dario1002
Gladis... again i wanted to ask u some questions, if i may.
When all the MA are crossed together in a bunch of pips (15m) like now... do u pull the trigger anyway (trying 35/50 or bounce from 200 or so? i am not talking about this exact moment, i would like to know from your experience.
Then... i might be wrong but it seems that in general US session tend to act like a retracement from London session (i am talking about cable and eur-usd)... either if it goes up or down...did u notice anything like that, or it's just a creation of my mind?

thanks......
always glad to try and help, but i am not expert on this system yet
always look to higher TF's on mrs we near 1hr 62 and resistence. we also close to ppa on 15 min. looks like a channel. so I am cautious
i have noticed london /ny retrace but always let PA tell you
" When the ship starts to sink, don't just pray. JUMP "
  • #32,694
  • Mar 11, 2010 2:59am Mar 11, 2010 2:59am
Quoting Gladis Night
always glad to try and help, but i am not expert on this system yet
always look to higher TF's on mrs we near 1hr 62 and resistence. we also close to ppa on 15 min. looks like a channel. so I am cautious
i have noticed london /ny retrace but always let PA tell you

yes... i noticed the same... i went for a quick long from 4961 and already out of there. Being still not very confident, when ALL the MA crosses in a very small TF and PA is right on it, i prefer to stay aside and watch how it goes.

Anyway.. thank u for the answer.. seems like u underestimate yourself, and u are very gentle
I don't want a job, i want money!
  • #32,695
  • Mar 11, 2010 3:05am Mar 11, 2010 3:05am
Quoting dario1002
yes... i noticed the same... i went for a quick long from 4961 and already out of there. Being still not very confident, when ALL the MA crosses in a very small TF and PA is right on it, i prefer to stay aside and watch how it goes.

Anyway.. thank u for the answer.. seems like u underestimate yourself, and u are very gentle
your confidence will grow with experience. It is better to watch a winning trade get away from you if you are not sure , than take a trade and lose.
" When the ship starts to sink, don't just pray. JUMP "
  • #32,696
  • Mar 11, 2010 3:12am Mar 11, 2010 3:12am
Quoting Gladis Night
your confidence will grow with experience. It is better to watch a winning trade get away from you if you are not sure , than take a trade and lose.
ehehe don't tell me about it... yesterday i wasn't enough confident to pull the trigger @ 4892 where i had a descending trendline! i could have pulled the trigger 4 times... just the first time didn't, and then i was just thinking "it worked the first time, i don't THINK it will work again" ... and again ...
I don't want a job, i want money!
  • #32,697
  • Mar 11, 2010 3:19am Mar 11, 2010 3:19am
Quoting dario1002
ehehe don't tell me about it... yesterday i wasn't enough confident to pull the trigger @ 4892 where i had a descending trendline! i could have pulled the trigger 4 times... just the first time didn't, and then i was just thinking "it worked the first time, i don't THINK it will work again" ... and again ...
I am sure many will disagree with me. I keep a demo account for time that I am don't have full confidence to trade live. I trade it same as live accounts but helps me to gain confidence
" When the ship starts to sink, don't just pray. JUMP "
  • #32,698
  • Mar 11, 2010 3:23am Mar 11, 2010 3:23am
Hi.

Anyone go short with that flat close of the 1h candle and 62ema ?
  • #32,699
  • Mar 11, 2010 3:28am Mar 11, 2010 3:28am
Hi kodziro I missed that one
" When the ship starts to sink, don't just pray. JUMP "
  • #32,700
  • Mar 11, 2010 3:29am Mar 11, 2010 3:29am
Quoting Gladis Night
I am sure many will disagree with me. I keep a demo account for time that I am don't have full confidence to trade live. I trade it same as live accounts but helps me to gain confidence

i do the same
I don't want a job, i want money!
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