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Ken's Continuing Successes with EO's system

  • #2,801
  • Nov 18, 2010 3:02am Nov 18, 2010 3:02am
What's going on?
  • #2,802
  • Nov 18, 2010 3:04am Nov 18, 2010 3:04am
This gu action is whacky. I blinked and price came to my sl

Anyways the entry was as clear as they come
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  • #2,803
  • Nov 18, 2010 3:05am Nov 18, 2010 3:05am
Quoting Trotty
What's going on?
Beats the hell out of me! Good time to get some breakfast
  • #2,804
  • Nov 18, 2010 3:10am Nov 18, 2010 3:10am
Quoting Storeball
Beats the hell out of me! Good time to get some breakfast
Good plan! Hard luck on that trade, nobody would have seen that coming!
  • #2,805
  • Nov 18, 2010 5:33am Nov 18, 2010 5:33am
On that chart I posted earlier today.

The trade was good because the area of price resistance was so clearly defined. Now we all know that those areas come back in to play again and again. I actually thought before I went in that short that if price were to push up and close above that resistance I would go long on a pullback. So what I should've done when price had that big run up and then preceded to go above the .5947 line, I should have put up a po to go long once it comes back to test that line. I was to focused on the short play that I didnt think on my feet quick enough. I got to get my emotions out of my thought process and start objectively viewing what price is doing better.

A good lesson learned.
  • #2,806
  • Nov 18, 2010 7:11am Nov 18, 2010 7:11am
Gu looks in a favourable spot for a short.

50ema on H4, PPA from H1, 50-62.8 fib trading zone and the start of some possible suggestive candles on M15.

Not in yet but watching closely....
  • #2,807
  • Nov 18, 2010 7:17am Nov 18, 2010 7:17am
Quoting Trotty
Gu looks in a favourable spot for a short.

50ema on H4, PPA from H1, 50-62.8 fib trading zone and the start of some possible suggestive candles on M15.

Not in yet but watching closely....
A hesitation on the US unemployment claims, so I would stay aside...... till the pass of news
  • #2,808
  • Nov 18, 2010 7:19am Nov 18, 2010 7:19am
Quoting Buildcity
A hesitation on the US unemployment claims, so I would stay aside...... till the pass of news
Yeah, cheers man. Sitting on my hands here
  • #2,809
  • Nov 18, 2010 7:19am Nov 18, 2010 7:19am
Quoting Trotty
Gu looks in a favourable spot for a short.

50ema on H4, PPA from H1, 50-62.8 fib trading zone and the start of some possible suggestive candles on M15.

Not in yet but watching closely....
I agree its an area of interest, watching it to. Im not completely sold on short yet, got to clear .6000 first for me. With news now im staying out until that has settled
  • #2,810
  • Nov 18, 2010 7:22am Nov 18, 2010 7:22am
Quoting Trotty
Gu looks in a favourable spot for a short.

50ema on H4, PPA from H1, 50-62.8 fib trading zone and the start of some possible suggestive candles on M15.

Not in yet but watching closely....
Also keep an eye on this, meanwhile got shorthed after 1h doji reject 113.78 level on EJ ( enter by a pullback to that line )
  • #2,811
  • Nov 18, 2010 7:29am Nov 18, 2010 7:29am
Quoting kodziro
Also keep an eye on this, meanwhile got shorthed after 1h doji reject 113.78 level on EJ ( enter by a pullback to that line )
Same here, 1st half took on previous R now S, 2nd half just BE out
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  • #2,812
  • Nov 18, 2010 7:54am Nov 18, 2010 7:54am
The GU is freezing...............
  • #2,813
  • Nov 18, 2010 7:56am Nov 18, 2010 7:56am
Quoting Buildcity
The GU is freezing...............
Yep. We may see a flag form perhaps. Nothing obvious to trade right now anyway.
  • #2,814
  • Nov 18, 2010 7:58am Nov 18, 2010 7:58am
Quoting Trotty
Yep. We may see a flag form perhaps. Nothing obvious to trade right now anyway.
Actually I'm in short on EJ right now (2nd attend), tight stop above MA10, still BE level.........
  • #2,815
  • Nov 18, 2010 8:05am Nov 18, 2010 8:05am
Quoting Buildcity
Actually I'm in short on EJ right now (2nd attend), tight stop above MA10, still BE level.........
Sorry, meant on GU bud.

You may have just been taken out be?
  • #2,816
  • Nov 18, 2010 8:15am Nov 18, 2010 8:15am
Quoting Buildcity
Actually I'm in short on EJ right now (2nd attend), tight stop above MA10, still BE level.........
Its up and down, +2, -2, +3, -1..............

go for a coffee 1st...........

BTW, my TP is around 113.30

Plus GU is in action now, should be a nice short!!
  • #2,817
  • Nov 18, 2010 8:18am Nov 18, 2010 8:18am
Quoting Trotty
Sorry, meant on GU bud.

You may have just been taken out be?
hehe, just want to focus on EJ 1st, miss the GU, may be wait for a pull back still a nice short, could be

-> Did Storeball press the button yet??
  • #2,818
  • Nov 18, 2010 8:21am Nov 18, 2010 8:21am
Quoting Buildcity
Its up and down, +2, -2, +3, -1..............

go for a coffee 1st...........

BTW, my TP is around 113.30

Plus GU is in action now, should be a nice short!!
Yea gu is shaping up here. Still got some news that could disturb things. Its approaching 50fib and Monday low which is pretty strong ppa. Lets see how that goes.
  • #2,819
  • Nov 18, 2010 8:30am Nov 18, 2010 8:30am
Quoting Buildcity
Its up and down, +2, -2, +3, -1..............

go for a coffee 1st...........

BTW, my TP is around 113.30

Plus GU is in action now, should be a nice short!!
Took 10 on 1st half, now SL to BE, still looking the above TP
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  • #2,820
  • Nov 18, 2010 8:45am Nov 18, 2010 8:45am
Quoting Buildcity
Took 10 on 1st half, now SL to BE, still looking the above TP
After the SL to BE for the 2nd half, have a tea then come back, seems the price would be stall a bit around 113.4 or even pull back 1st, so closed the 2nd half with 16P.

I'm learning from you guys to manage 2 portions in one trade, pretty good feel, thank you all!

PS - Hi Ken, hope you dont mind I posted my trade here, though I trust we all trading with price action mainly.

Cheers
Eric
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