Trade what you see NOT what you expect | Page 1648 | Forex Factory

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Trade what you see NOT what you expect

  • #32,941
  • Mar 17, 2010 5:27am Mar 17, 2010 5:27am
Quoting Gladis Night
Good morning bkg. doin fine thanx how are you today
I am well thank you
Please ask questions and share your experiences with us all!
  • #32,942
  • Mar 17, 2010 5:43am Mar 17, 2010 5:43am
MOrning BKG,

I am putting faith in my new found knowledge from your post last night.

I got some PA approaching the 35 crossover + 35pips on the EJ and the EU.

There are some support lines 30 pips or so below my 'short in', so we'll see what happens!

Lee
  • #32,943
  • Mar 17, 2010 5:59am Mar 17, 2010 5:59am
Quoting leemonk
MOrning BKG,

I am putting faith in my new found knowledge from your post last night.

I got some PA approaching the 35 crossover + 35pips on the EJ and the EU.

There are some support lines 30 pips or so below my 'short in', so we'll see what happens!

Lee
Good morning to you but I just want to clarify that EO is the one who told me and the thread about the 35 35 trade. I just started using it and it seems to be working for me. I take no credit for coming up with that trade......
Please ask questions and share your experiences with us all!
  • #32,944
  • Mar 17, 2010 6:00am Mar 17, 2010 6:00am
Quoting bkg102665
Good morning to you but I just want to clarify that EO is the one who told me and the thread about the 35 35 trade. I just started using it and it seems to be working for me. I take no credit for coming up with that trade......
It did work nicely on GJ this morning but I missed it I was sleeping.
Please ask questions and share your experiences with us all!
  • #32,945
  • Mar 17, 2010 6:01am Mar 17, 2010 6:01am
Quoting bkg102665
Good morning to you but I just want to clarify that EO is the one who told me and the thread about the 35 35 trade. I just started using it and it seems to be working for me. I take no credit for coming up with that trade......
It's part of the foundation of this system. Unfortunately, too may people have overlooked it. I've said it many times before as well. Ask MACC, he uses it as well.
Just digging in the trenches like everyone else!
  • #32,946
  • Mar 17, 2010 6:05am Mar 17, 2010 6:05am
Quoting eohater
It's part of the foundation of this system. Unfortunately, too may people have overlooked it. I've said it many times before as well. Ask MACC, he uses it as well.
Hey bro, I hope you are doing well. I have been using it since our pm's the other day and it is awesome!!
Please ask questions and share your experiences with us all!
  • #32,947
  • Mar 17, 2010 6:08am Mar 17, 2010 6:08am
Quoting bkg102665
Hey bro, I hope you are doing well. I have been using it since our pm's the other day and it is awesome!!
I'm good brother! Busy at the office.

Glad it's working out. It's a key to this method.
Just digging in the trenches like everyone else!
  • #32,948
  • Mar 17, 2010 6:12am Mar 17, 2010 6:12am
HOw should one use it if the 35 pip in point is just 20 pips away from major support lines?

Is it a case of 'just get in' and get those 20 pips?

Lee

ps.... good to see you again EO!
  • #32,949
  • Mar 17, 2010 6:14am Mar 17, 2010 6:14am
Quoting leemonk
HOw should one use it if the 35 pip in point is just 20 pips away from major support lines?

Is it a case of 'just get in' and get those 20 pips?

Lee

ps.... good to see you again EO!
Yes, book some for your 20 pips, then let the PA show you that the S/R is going to hold. If she holds, reverse your position or open a new position in a different account. I do recommend a minimum of 2 accounts.
Just digging in the trenches like everyone else!
  • #32,950
  • Mar 17, 2010 6:14am Mar 17, 2010 6:14am
Prime example of what BKG is referring to can be seen on EJ right now.
Just digging in the trenches like everyone else!
  • #32,951
  • Mar 17, 2010 6:18am Mar 17, 2010 6:18am
Quoting eohater
Prime example of what BKG is referring to can be seen on EJ right now.
Candle that closed through the m15 35 closed at 124.64, less 35 pippers and you have the price of 124.29. When price hits here, she will continue to fall, however, buyers will be down into 124.3x area defending. Next stop on the short bus for EJ will become the m15 200. HOWEVER, if everyone looks at their H4 and H1 on EJ, you will see the strength of sellers.
Just digging in the trenches like everyone else!
  • #32,952
  • Mar 17, 2010 6:21am Mar 17, 2010 6:21am
LOL.

This is what I was just about to post.

Anyone disagree with my points A_B_C?

A = New corss
B = Engulfing
C = my short in


Lee
Attached Image (click to enlarge)
Click to Enlarge Name: example.jpg Size: 129 KB
  • #32,953
  • Mar 17, 2010 6:24am Mar 17, 2010 6:24am
Quoting eohater
Candle that closed through the m15 35 closed at 124.64, less 35 pippers and you have the price of 124.29. When price hits here, she will continue to fall, however, buyers will be down into 124.3x area defending. Next stop on the short bus for EJ will become the m15 200. HOWEVER, if everyone looks at their H4 and H1 on EJ, you will see the strength of sellers.
Notice how price is stalling here at 124.29?
Just digging in the trenches like everyone else!
  • #32,954
  • Mar 17, 2010 6:26am Mar 17, 2010 6:26am
Quoting eohater
.................. Next stop on the short bus for EJ will become the m15 200............

Can I please ask for some clarification on this point.

Do you expect it to go through the 200, come back for a retest and then continue its southward journey?

And if it does that, its the retest that you are suggesting to get in again?

Lee
  • #32,955
  • Mar 17, 2010 6:27am Mar 17, 2010 6:27am
Quoting eohater
Notice how price is stalling here at 124.29?
Got my 10 pippers from my long at 30 on her, I'm covered on the long and I'm covered on my short. Who cares who wins now in my eyes.
Just digging in the trenches like everyone else!
  • #32,956
  • Mar 17, 2010 6:30am Mar 17, 2010 6:30am
Quoting eohater
Got my 10 pippers from my long at 30 on her, I'm covered on the long and I'm covered on my short. Who cares who wins now in my eyes.
Your Long.... did you get that on the retrace?

I was tryping to many damd messages!!!

Despite seeing and asking about it. I missed the profit take and bounce off the 1hr 62 all the way back up. Now in loss!!

Well.... lesson learnt!
  • #32,957
  • Mar 17, 2010 6:31am Mar 17, 2010 6:31am
Quoting leemonk
Can I please ask for some clarification on this point.

Do you expect it to go through the 200, come back for a retest and then continue its southward journey?

And if it does that, its the retest that you are suggesting to get in again?

Lee
No brother, at this point, I'm not sure if she will continue south or not, she didn't clear 35 pips of the closed price yet. It went to the pip and bounced. Plus, the prior m15 candle was a flat close. I had my PO at 30, got filled long, booked 10 and covered at BE on her. I'm just implying that you should watch your 200 for PA if she does continue south. The 200 could provide a bounce, otherwise, we'll see a much lower price, like 123.5x
Just digging in the trenches like everyone else!
  • #32,958
  • Mar 17, 2010 6:33am Mar 17, 2010 6:33am
Quoting leemonk
Your Long.... did you get that on the retrace?

I was tryping to many damd messages!!!

Despite seeing and asking about it. I missed the profit take and bounce off the 1hr 62 all the way back up. Now in loss!!

Well.... lesson learnt!
My long was taken about 15m ago, after the m15 closed flat I entered the Pending Order at 30 with SL at 20. Remember, it had to go past 29 to continue south per the rule. Well, there's 2 ways to play that rule.
Just digging in the trenches like everyone else!
  • #32,959
  • Mar 17, 2010 6:34am Mar 17, 2010 6:34am
Hey guys, guess what?
Just digging in the trenches like everyone else!
  • #32,960
  • Mar 17, 2010 6:35am Mar 17, 2010 6:35am
Quoting eohater
Candle that closed through the m15 35 closed at 124.64, less 35 pippers and you have the price of 124.29. When price hits here, she will continue to fall, however, buyers will be down into 124.3x area defending. Next stop on the short bus for EJ will become the m15 200. HOWEVER, if everyone looks at their H4 and H1 on EJ, you will see the strength of sellers.
Thats exactly what I saw and I hope it plays out that way
Please ask questions and share your experiences with us all!
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