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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

  • #33,201
  • Mar 23, 2010 1:50am Mar 23, 2010 1:50am
Quoting dario1002
i am more "olive" colour...

Anyway yes... pippage yesterday was green... hope yours are as well. Now trying to see what is goin on here on the ladies.
i'm doing well..no complaints
  • #33,202
  • Mar 23, 2010 1:56am Mar 23, 2010 1:56am
Quoting dakrusha
i'm doing well..no complaints

What are your eyes on? As for me... i still like my yesterday's SR of 1.5006 (even though didn't catch long from there this time), and some convergence of Fibos and MA @ 1.5045. This for gbpusd of course. On Eurusd i have my eyes on 3527, looking to short from around there to yesterday's low. But then of course PA will guide us.
I don't want a job, i want money!
  • #33,203
  • Mar 23, 2010 2:02am Mar 23, 2010 2:02am
i def see 1.5 as SR...that number always is a strong number.
i have support at 4985 on a channel and 4978 on a HTF SR.

i caught about 20 pips off the bounce from 5005, i was in at 5012 and out at 5031. i'm sitting out for the moment and observing. we got news coming up in 30 mins too.

i'm trying to observe a little more. i have been thinking a little too much. the more i observe the better i'm allowed to get out of crappy trades.
  • #33,204
  • Mar 23, 2010 2:06am Mar 23, 2010 2:06am
Good MAE Tim , I am good thanx, I hope you are to
" When the ship starts to sink, don't just pray. JUMP "
  • #33,205
  • Mar 23, 2010 2:10am Mar 23, 2010 2:10am
Quoting Gladis Night
Good MAE Tim , I am good thanx, I hope you are to
i'm good. just working on rebuilding what i screwd up the last two months. little by little it's coming together.
  • #33,206
  • Mar 23, 2010 3:08am Mar 23, 2010 3:08am
ever have one of those days where every trade is wrong? that'sme tonight. constant damage control
  • #33,207
  • Mar 23, 2010 3:10am Mar 23, 2010 3:10am
Quoting dakrusha
ever have one of those days where every trade is wrong? that'sme tonight. constant damage control
I had that last week. Yesterday was only every other trade wrong, ended up a whole pip in the green. Today I was on the first breakout, banked some nice pips, but totally puzzled on the PA right now.
  • #33,208
  • Mar 23, 2010 3:10am Mar 23, 2010 3:10am
Quoting dakrusha
ever have one of those days where every trade is wrong? that'sme tonight. constant damage control
some days can be like that, its just a blip
" When the ship starts to sink, don't just pray. JUMP "
  • #33,209
  • Mar 23, 2010 3:13am Mar 23, 2010 3:13am
Quoting Chicopips
I had that last week. Yesterday was only every other trade wrong, ended up a whole pip in the green. Today I was on the first breakout, banked some nice pips, but totally puzzled on the PA right now.
the PA is choppy, specially on the LTF's cuz the news made a muck of stuff.
  • #33,210
  • Mar 23, 2010 3:13am Mar 23, 2010 3:13am
Quoting Gladis Night
some days can be like that, its just a blip
i hope so.
  • #33,211
  • Mar 23, 2010 3:28am Mar 23, 2010 3:28am
Quoting dakrusha
i def see 1.5 as SR...that number always is a strong number.
i have support at 4985 on a channel and 4978 on a HTF SR.

i caught about 20 pips off the bounce from 5005, i was in at 5012 and out at 5031. i'm sitting out for the moment and observing. we got news coming up in 30 mins too.

i'm trying to observe a little more. i have been thinking a little too much. the more i observe the better i'm allowed to get out of crappy trades.

Anybody catch that bounce off of 4985 that i mentioned? it was good for an instant 20+
  • #33,212
  • Mar 23, 2010 3:31am Mar 23, 2010 3:31am
Quoting dakrusha
Anybody catch that bounce off of 4985 that i mentioned? it was good for an instant 20+
Caught it a little late and rode it to the MA's for a quick +15 scalp. Not staying in a trade against the trend today though, lots too many pips doing that lately!
  • #33,213
  • Mar 23, 2010 3:43am Mar 23, 2010 3:43am
Quoting dakrusha
Anybody catch that bounce off of 4985 that i mentioned? it was good for an instant 20+
Hello.

Yes I did, although my entry was at pivot S1 at 4990.
Ps. Still short with 35/50 cross on E/J - 15m 200 sma was my trigger
  • #33,214
  • Mar 23, 2010 4:36am Mar 23, 2010 4:36am
Someone said they were puzzled by the PA.This 5m chart gives a good explanation of todays action I think. 50% fib has played a blinder to the pip twice so far.Will this current third time work,hard to say as it is now bumping against the 1hr red line support .Hope this helps.
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (23-MAR-10).png Size: 28 KB
  • #33,215
  • Edited 7:50am Mar 23, 2010 7:30am | Edited 7:50am
if 1h 62ema is 10pips away from the candle that closes 35 pips beyond the last candle that cross and close above 35ma, HOW TO WE PLAY THIS? Do will still take the long position if it crosses from below or wait for a break of 1hr 62ema?
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #33,216
  • Mar 23, 2010 8:17am Mar 23, 2010 8:17am
I played it as a fade as it closed almost right at the boundary

and sold 62ema

was good - in hindsight

still no close outside the 35 pip zone

I also have S/R at 5066

around 5035 seems to be a nice target - couple of MA's there

tdeu

Quoting ejiexe
if 1h 62ema is 10pips away from the candle that closes 35 pips beyond the last candle that cross and close above 35ma, HOW TO WE PLAY THIS? Do will still take the long position if it crosses from below or wait for a break of 1hr 62ema?
  • #33,217
  • Mar 23, 2010 8:21am Mar 23, 2010 8:21am
Quoting ejiexe
if 1h 62ema is 10pips away from the candle that closes 35 pips beyond the last candle that cross and close above 35ma, HOW TO WE PLAY THIS? Do will still take the long position if it crosses from below or wait for a break of 1hr 62ema?
Ejiexe,

I asked a very similar question the other day and EO told me to take the trade and then bank the 10 pips!

However, please understand that I a beginer on this and even if this answer does apply, please be sure your other indicators support this.

Lee
  • #33,218
  • Mar 23, 2010 12:30pm Mar 23, 2010 12:30pm
Every week I receive these weekly trade tips in my e-mail. I am not advocating signing up for this guys service, but I thought it might help to visually support what EO and others talk about with regard to higher time frame S/R.
http://www.forexmentor.com/coaching/weeklyexample/
Hi, my name is Barry and you can keep your doctor...
  • #33,219
  • Mar 24, 2010 12:50am Mar 24, 2010 12:50am
Hi everyone,

Just a quick update. You may be aware that I was asking about a guy called Steve Nison. Well, I have started reading one of his books and also got my hands on some of his video's - yup.....and I mean videos!

His stuff, at least what I have seen so far, really is very good. He gives tons of examples and breaks alot of the stuff down which doesnt really seem to be done on the candlestick sites.

I would highly recomend him to anyone that can get some of his material cheap/free!



So.... on to my point for posting. I know this is not really the thread to ask for this sort of help, but I know you are all a great bunch!

I am looking for the indicator that shows the most recent high/low point. If I recall correctly it shows it with some small coloured dots.

I want to get this into my head at some point so as not to have to many indicators on a chart, but for now, I think it will help ingrave it!

Does anyone have this indicator or can they tell me where I might find it. I hope I described it correctly.

Regards

Lee
  • #33,220
  • Mar 24, 2010 12:54am Mar 24, 2010 12:54am
Good MAE everybody

Hope u are doing good
I don't want a job, i want money!
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