Trade what you see NOT what you expect

Hehe

Im just very sceptic thats all. I saw that christopper corner studied the james thread,wormhole etc, and he is still losing.

I will read the overview pdf, and post my thoughts.

Hey Lee,

I'm sure EO will be back at some point.. He is a busy man.

You don't need EO here for support. Everything he could possibly tell you is already in the pdf's and the thread. There is MORE information in here than you actually need. Keep your eye on the HTF S&R.. If you are having bad luck, trade small ammounts or go back to demo - maybe stick with trades you are doing well at 62 bounce, 35/50 etc.

I hate deferring people from this thread, but if you are struggling with this system then check out Ken's thread.. By the sounds of it he has everything figured out - Then again I thought he had everything figured out before he left, and then he opens a new thread with "struggle" in the title.

This method just required practice... as you get more chart time you will see what works and what doesn't. Keep at it and good luck.

Ive read 20 percent of the pdf file. I think it is common sense that is packaged into defined rules.


Hangman reversal: indicating big volatility, and momentum. Lots of TP taking, and people entered, driving it down, indicating that the market believe it is going in this direction.


A candle with a short wick that closes above 35 and 50 ema: Since it is not a hangman, but it has a short wick. TO make up for the short wick(indicating less volatility,and more stability), the price has to have been steadily rising for a while, to cross both emas, indicatin OS/OB levels.

“5-o’clock somewhere” bounce: indicating streength, not many that believes that the price will go against the direction of the trend, since it bounced of the 5 and 10 sma, indicating streenght to continue the direction of the trend


Above 62 ema:is like selling at the uppber bollinger band, indicating ob/os levels, except that 62 is a slower line, increasing percentage of the trade to be in your favour.



Ive never used these rules, ive had them mentally in my discretionary trading, and these work wonderfully.

THe rules contained in this pdf is not necessary, i would not suggest anyone to follow the blindly without understanding why they work. The importance is to grasp the logick, and see the big picture. THats why i think some people here also agree on the fact that you need screen time, and get a feel(understanding why it works)

Pls correct if me, if ive analysed why the strategies work in a faulty manner.

Actually, i was working on writing down my trading strategy. This pdf have helped me define my strategy a bit better..., and i will certainly read the whole pdf, and come back to it,as well as digesting this thread, and compare the simliaritie to my trading style,and get inspired

Myself, im an expert trader. DOing this for many years.

in this blog, i show my latest trades, 57, where 51 were winners:

www.cashfxspot.blogspot.com/

Im more of a scalper, but i rely heavily on my knowledge of where the price may head the next 50 or 100 pips.

I i think i will rather look into 4 hour macd as this is something totally different, that i dont use in my analysis. It blows my mind that it works,analysing the momentum for profit. Very interesting idea. The strategies contained here, is what i already use more or less.

What people should take into account, and not blindly follow these rules are:

understanding that news impact on price, and adjusting your strategy accordingly.

Taking into account technical levels. And price on other time horizons(long term trend and medium term trend).

For instance, if your short is in the direction of the medium term trend, i would give the trade a higher probability of success.


I guess these tips have already been told in this thread, and is part of perfecting this strategy.

[/b]



Hi Davids, I agree that too strong a dollar is tough on exports but as far as the price of the euro that's not really in our hands but the eu ministry of finance. Bet they wish they could cut out some dead weight countries, cant imagine where the euro would fall if Bernanke raised interest rates here at home??? I am sure Angela will get a phone call before he does something like that. 100% agreed its not in the US best interest to have a highly unstable euro, its to small a world nowdays.
But its sure fun and profitable shortin the shit out of all the ladies at this pont in time.
Lookin for 1.1900 temptress

From selling England by the Pound, like fine art it just gets better!!
Eventually thell get the ball stopped lol

hope some of you caught that ridiculous ride right after london opened...
I got a quick 35 pips in under two minutes...NOT BAD I MUST SAY!!


i hope the rest of you are totally KILLING IT!!!

Good morning guys and here is the indi Perch

35 + 35 Trade
There were two 35+35 trade on GU on the 11/05/2010 at 12:30 GMT(Short) and 16:45 GMT (Long). I decided to take it the way bkg102665 usually take it. i.e 50 pips TP (if there are no major MA or S/R on the way before the 50 pips tp is reached) and 30 sl. The short entry did'nt work out. Though the support was at 1.4708 and my TP was at 1.4712 which is above the support. The price turned about 1.4719 (7pips) to TP and went to hit my sl while the long entry hit the 50 pips tp. Though, I was on the system but I decided not to move to BE to protect as bkg102665 said he usually take the trade and leave it to either hit tp or sl.

Is this the way bkg102665 played this trade or is there anything I missed.

Please I want bkg102665 or any senior member to clearify this. Thanks in advance

Hi Captain.

Thanks for the comments.

I understand what you mean. The other thread I following lost it's author, to a banning all things, and it is going okay, if not a little quiet over there.

The thing is, and this thread is proof of it, is when the author of the thread goes, so does the volume of posts.

YOu have to admit, this place is not the same place it was a 4 months ago!

I am subscribed to Kens thread and will continue to follow it, more often I think now.

Though, I have started having great success with the other thread I follow, which is a far far more watered down version of EO's.

It was put together by someone that worked with Endroute a lot and I know he was a keen follower of this thread.

Just one little tip to give people as new as me...... you do NOT have to swing for the heavens with every trade. I stopped this morning after hitting 37 pips on three trades. Thats me done for the day..... I know it's demo, but that was 2.75% growth in the account.

Regards

Lee

Anyone took the bounce off 62EMA on GU (and off trendline)? Classic setup from the textbook.

Took a bounce off the 62 or what I htought was one. Didn't find it so classic though as it took more than 2 hours before really started to bounce off. But well, then it did bounce indeed. Don't have no trendline there either. Now the question is: where to get out? Any proposals?

These 2 charts are the same chart as the line chart I posted on the other page just put in the 4hr and 15m tf's with the candles turned on. Sitting here chillin watching tv and viewing the laptop. 1.2620 look for some possible pa, that 15m pin earlier today 1.2600 area didnt take much thought look for pa again. Hope everyone's gettin some Tuesday my soldiers kicked some serious ass.

Forgot to mention on that 4hr chart at 1.2800 that gap I'll keep a sharp eye there also. One of the many things Ive learned from this thread is price doesnt go in a straight line if 1.2600 shows support I'll go long that is if Iam still awake.

I think the key is to look at higher time frames. If you were, you would see that on H1 there was a bearish engulfing bounced off previous day high which held and also the price repeatedly bounced off trendline.

Pippi once said: work from htf down to ltf. Utterly true! I do not even look at M15 unless I see a valid setup on htf.

When price moves in favour 30-50 pips I close half the position and move SL to BE. Then wait for PA to show me when to exit with the other half.

Last week found the line in the sand for the euro at 1.2130 50fib was exposed and that wasnt joe blow with a 3 lot buy order leaving that weekly candle like no other this year. 1.2600 is where I'll work from long or short. 1.2850 look alive.

The Mrs had her highest close of the week friday. I'll be lookin 1.4500 for a start. That weekly candle doesnt have me in awe what so ever but it's LOCATION does leaning north on the daily boxed in breakout.

The Mistress left a sexy lookin daily and 4hr candle on thursday price is reacting to, be nice to catch a ride to 115.50 116.50 area

Been dealin with a 48hr bachelor party with the wedding and reception late today WHEW drinkin turkish ground verona with jamesons and baileys lite splash disaronno shits so good surprised its legal, its helpin a super-sized hangover Iam So in the dog house here at home and with the bride aint life FN GRAND!!! Have a super week everyone.

Missed one

Viva SB 1070!

EO, wherever you may be, that 1hr 62 ema was a nice ride back to the top.

HOLLA

I missed it but it was an impressive move.

I think the baby was crying at the time!

How goes it Turtle?