DislikedHi.
Anyone go short with that flat close of the 1h candle and 62ema ?Ignored
Trade what you see NOT what you expect
- #32,703
- Mar 11, 2010 3:35am Mar 11, 2010 3:35am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
Hi.
Anyone go short with that flat close of the 1h candle and 62ema ?
i am careful with shorts today because it seems there can be a bullish flag (if i am not mistaken), anyway that played out rather good
I don't want a job, i want money!
- #32,706
- Mar 11, 2010 3:38am Mar 11, 2010 3:38am
- | Joined Jul 2007 | Status: Trader | 1,036 Posts
HEY EVERYBODY!
hope you all are killing it.
hope my analysis didn't mess anybody up from the weekend.
just got out of two seperate rides. 1 from 4956 to 76 then another from 74 to 5004. WOOT WOOT!!!
now i'm tired..all this money makin is wearin me out!
hope you all are killing it.
hope my analysis didn't mess anybody up from the weekend.
just got out of two seperate rides. 1 from 4956 to 76 then another from 74 to 5004. WOOT WOOT!!!
now i'm tired..all this money makin is wearin me out!
- #32,707
- Mar 11, 2010 3:39am Mar 11, 2010 3:39am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
guys... i have the 200MA of 1H , 30m and the 50MA of 4H at 502# ... maybe time to short from there...
I don't want a job, i want money!
- #32,709
- Mar 11, 2010 3:41am Mar 11, 2010 3:41am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
HEY EVERYBODY!
hope you all are killing it.
hope my analysis didn't mess anybody up from the weekend.
just got out of two seperate rides. 1 from 4956 to 76 then another from 74 to 5004. WOOT WOOT!!!
now i'm tired..all this money makin is wearin me out!
Good job dakrusha!
I don't want a job, i want money!
- #32,710
- Mar 11, 2010 3:50am Mar 11, 2010 3:50am
- | Joined Jul 2007 | Status: Trader | 1,036 Posts
guys... i have the 200MA of 1H , 30m and the 50MA of 4H at 502# ... maybe time to short from there...
sorry if you read my last post in responce to this. i read it as 5002 not 502...sorry man, you're lookin at it right..my bad!
- #32,711
- Mar 11, 2010 3:51am Mar 11, 2010 3:51am
- | Joined Jul 2007 | Status: Trader | 1,036 Posts
Thanks D!
- #32,713
- Mar 11, 2010 3:55am Mar 11, 2010 3:55am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
sorry if you read my last post in responce to this. i read it as 5002 not 502...sorry man, you're lookin at it right..my bad!
I don't want a job, i want money!
- #32,714
- Mar 11, 2010 3:56am Mar 11, 2010 3:56am
- | Joined Dec 2009 | Status: Dumb blonde, please be patient | 845 Posts
thanks for the love Gladis. hows ur week?
)
" When the ship starts to sink, don't just pray. JUMP "
- #32,717
- Mar 11, 2010 4:05am Mar 11, 2010 4:05am
- | Joined Jul 2007 | Status: Trader | 1,036 Posts
is ok now , had some broker issues earlier but all ok now ( they got a delivery of 0000' s
glad you got it all resolved. I had broker issues a few weeks back for a couple weeks in a row..THAT SUCKED!
- #32,718
- Mar 11, 2010 4:08am Mar 11, 2010 4:08am
- | Joined Dec 2009 | Status: Dumb blonde, please be patient | 845 Posts
what broker are you with?
glad you got it all resolved. I had broker issues a few weeks back for a couple weeks in a row..THAT SUCKED!
" When the ship starts to sink, don't just pray. JUMP "
- #32,719
- Mar 11, 2010 4:12am Mar 11, 2010 4:12am
- | Joined Jul 2007 | Status: Trader | 1,036 Posts
was only one of S/Bet accounts so no biggie just a pain in the butt
- #32,720
- Edited 3:56pm Mar 11, 2010 4:21am | Edited 3:56pm
- | Joined Nov 2007 | Status: Trader | 498 Posts
Hi All. I've been lurking in this thread for a week or so, slowly absorbing the PDF and older posts, and figured it was time to say hello. Thanks to EOhater and everyone who kept the thread alive so I could stumble across it!
I came across the following comment by EOhater on one of Macc's posts and figured I better make sure I understand the 35 pip zone concept.
Could someone please have a look at the chart below to see if I have got the concept of the 35 pip zone below the last candle to close across the 35 EMA correct. The blue ellipse shows the last candle crossing 35 EMA with the 35 pips zone underneath. The zone is between the orange and green horizontal lines. (Edit 12 March 2010: As Macc rightly pointed out subsequently in post 32741, I have labelled the chart incorrectly. It should read 35 SMA, not EMA..woops sorry! The acqua line is actually the 35 SMA)
http://i228.photobucket.com/albums/e...a35pipzone.gif
I have the following questions:
1. Is the 5 o'clock bounce trade at the 35 (edit: EMA) and 50 MAs (yellow ellipse) a legitimate entry? PA has not left the 35 pip zone yet (note: at the time of that potential entry the slope of the Mas was more near to 5 o'clock, they flattened to the slope we see now as the range on the chart expanded). At the moment I'm assuming the zone doesn't apply to 5 o'clock bounce trades.
2. Is the bounce off the 50 EMA (purple ellipse) a legitimate entry even though its back within the 35 pip zone...ie once PA goes outside the zone, shorts are in order until we get a cross back over the 35 EMA (edit: should read 35 SMA) long? I'm assuming this is OK too.
3. Can I confirm that the shooting star (red ellipse) is therefore a legitimate short entry? If, so where should the SL go? Behind the 50SMA (green) is 50 pips which seems a fair way away. I put it behind the H1 support (which also coincided with the 35 pip zone barrier) but got stopped out. I am interested in how I should have played this.
Phew, that's a bit of a long first post! Sorry about that, next one will be shorter...promise
Thanks
Occam
I came across the following comment by EOhater on one of Macc's posts and figured I better make sure I understand the 35 pip zone concept.
If no one understands this, please read it again, AGAIN and AGAIN until you do. This is one of the foundations for this method.
It's one part of EO's method that I took to early on as I find it helps give me a quick orientation as to where we're at.
There's the 15m 35sma (the 50ema is often not far away from it too for obvious reasons) and price will currently either be above it or below it (or sitting right on it of course).
When she's not ready to break in one direction or the other the +/- 35 pip range can often send her back to the 15m ma's while she makes her mind up. I personally like the 35 pip level to coincide with either a previous price...
Good job Macc!
http://i228.photobucket.com/albums/e...a35pipzone.gif
I have the following questions:
1. Is the 5 o'clock bounce trade at the 35 (edit: EMA) and 50 MAs (yellow ellipse) a legitimate entry? PA has not left the 35 pip zone yet (note: at the time of that potential entry the slope of the Mas was more near to 5 o'clock, they flattened to the slope we see now as the range on the chart expanded). At the moment I'm assuming the zone doesn't apply to 5 o'clock bounce trades.
2. Is the bounce off the 50 EMA (purple ellipse) a legitimate entry even though its back within the 35 pip zone...ie once PA goes outside the zone, shorts are in order until we get a cross back over the 35 EMA (edit: should read 35 SMA) long? I'm assuming this is OK too.
3. Can I confirm that the shooting star (red ellipse) is therefore a legitimate short entry? If, so where should the SL go? Behind the 50SMA (green) is 50 pips which seems a fair way away. I put it behind the H1 support (which also coincided with the 35 pip zone barrier) but got stopped out. I am interested in how I should have played this.
Phew, that's a bit of a long first post! Sorry about that, next one will be shorter...promise
Thanks
Occam