" When the ship starts to sink, don't just pray. JUMP "
Trade what you see NOT what you expect
- #33,365
- Edited 1:34am Apr 5, 2010 12:39am | Edited 1:34am
- | Joined Jul 2007 | Status: Trader | 1,036 Posts
- #33,370
- Apr 6, 2010 2:58pm Apr 6, 2010 2:58pm
- | Joined Sep 2006 | Status: Trader | 2,228 Posts
Hey,
Can I ask how important is, and what should be done on, the Daily 35sma?
Ta
Lee
Hi, my name is Barry and you can keep your doctor...
- #33,371
- Apr 6, 2010 3:42pm Apr 6, 2010 3:42pm
As always Cisco, your help is most appreciated...........
Had an interesting day today. Took a 4hr 50ema bounce earlier. Got stopped out by 3 pips and missed the 120 pip ride upwards
I have only just recently added the 150ema and was very surprsed to see a near pip perfect bounce from it.
Lee
Had an interesting day today. Took a 4hr 50ema bounce earlier. Got stopped out by 3 pips and missed the 120 pip ride upwards
I have only just recently added the 150ema and was very surprsed to see a near pip perfect bounce from it.
Lee
- #33,372
- Edited 11:58am Apr 7, 2010 5:44am | Edited 11:58am
Great response as always Cisco
I can't say I had noticed much response on the daily 35 sma Lee so can't comment.
I have traded along with EO 's PDF now for many months and still can't say I have perfected everything yet, so I am sticking to the core opportunities, 35/50 crosses, 62 ema bounces, session range bounces / break outs and good old sup/res area bounces.
Phew seems a lot......
Hope everyone is doing great and keeping high spirits
Sure...go ahead and ask!
- #33,375
- Apr 7, 2010 3:09pm Apr 7, 2010 3:09pm
Hey,
I just wanted to say to all the fellow newbies in here.
Please take your time and read the WHOLE thread!
I know, I know, it sounds like a ton of reading, and yes, you are correct! It is a ton of reading. In fact it has taken me all day (with some interuptions) to read just the first 28 pages.
However, and this is a MASSIVE however, there is a ton of information in the posts that are not featured in the PDF attachments.
I am not taking away from the PDF's and the fine work that those peeps put into it
, as I read it roughly three times a week now 
but the amount of information available from each post is astounding, I kid you not.
I know later on the thread becomes heavilty diluted with chat and stuff, which any forum full of like minded people will do, but if you have the time, I really really suggest you take it to read through all the posts. I have three sides of detailed bullet points from just the first 27 pages.
There are MA's in there that are important and there is emphasis put on other MA's that I must have missed previously.
I may be wrong here, and as I progress through the thread many things get dropped and many things get changed and the 'manual' ends up being spot on! But for now, I am learning tons from the thread itself.
Once again, Kudos to EO and to those that have contributed to the thread and the manuals.
Lee
I just wanted to say to all the fellow newbies in here.
Please take your time and read the WHOLE thread!
I know, I know, it sounds like a ton of reading, and yes, you are correct! It is a ton of reading. In fact it has taken me all day (with some interuptions) to read just the first 28 pages.
However, and this is a MASSIVE however, there is a ton of information in the posts that are not featured in the PDF attachments.
I am not taking away from the PDF's and the fine work that those peeps put into it
, as I read it roughly three times a week now but the amount of information available from each post is astounding, I kid you not.I know later on the thread becomes heavilty diluted with chat and stuff, which any forum full of like minded people will do, but if you have the time, I really really suggest you take it to read through all the posts. I have three sides of detailed bullet points from just the first 27 pages.
There are MA's in there that are important and there is emphasis put on other MA's that I must have missed previously.
I may be wrong here, and as I progress through the thread many things get dropped and many things get changed and the 'manual' ends up being spot on! But for now, I am learning tons from the thread itself.
Once again, Kudos to EO and to those that have contributed to the thread and the manuals.
Lee
- #33,376
- Apr 7, 2010 3:09pm Apr 7, 2010 3:09pm
- | Joined Jul 2007 | Status: Trader | 1,036 Posts
I took it as I had three trend lines running under it too.
Closed out woefully short at just 6 pips...... you can imagine my face three hours later!
i do the same thing lee.
i get my measly 10-20 pips at a time and watch it go in my favor another 100-200, but you know..it's all good. I just remind myself of two things...
1) I don't trade in a way that allows me to sit for 100-200 pips at a time so my measly 10-20 is good.
2) DID I MAKE MONEY!??!?!? HELL YESS I DID!
- #33,377
- Apr 7, 2010 3:14pm Apr 7, 2010 3:14pm
i do the same thing lee.
i get my measly 10-20 pips at a time and watch it go in my favor another 100-200, but you know..it's all good. I just remind myself of two things...
1) I don't trade in a way that allows me to sit for 100-200 pips at a time so my measly 10-20 is good.
2) DID I MAKE MONEY!??!?!? HELL YESS I DID!
Exactly my man!The hanging on can come a little later.
I was infact trying to 'hang on' a little longer today and between that and, like my previous post says, reading the whole thread, I managed to rack up some astounding losses because I was expecting it to move further. But its demo and I am learning from it! which is the important thing.
.....and like the title says.... trade what you see and not what you expect. Had I followed the essence of the thread, I would have been swimming in a ton of demo pips, not that they are worth much
