Trade what you see NOT what you expect

I don't know if I'll trade intraday online anytime soon. Trading has afforded me an awesome life financially. However, I still have the same trials and tribulations that everyone else experiences. Distractions like a dear friend tells me. He's right, some I can control and some I cannot though.

Trading though is what everyone is here for and how many desire, yearn, dream, taste and cry for the freedom it can provide financially. I've put everything into my thread as to how I trade, what I'm looking for, why I do what I do and when I do it. It's all buried within the thousands of posts and charts. If you take the time, find a setup that makes sense to you, wait for it patiently and trade it consistently. Once you get one down, find another, perfect it, then find another, perfect it. Trading is no different that anything in life. We have to take it one step at a time. Feel free to make posts and ask questions, I'll get to them, but I will not address them in real time. I'd like to see people post a chart and justify what trade they are taking. I have binders of charts that I printed in the beginning of my trading with all notes and reasons for taking the trade. If it worked or failed, I kept tract. Soon enough, I found the ones that were more successful than others.

Trading for myself for the last year has been very little. Most have been longer term trades. I've taken some profit on my oil position that I started building when price entered the $30's. I might take some more, but I'll probably still give the remaining shares to my grandchildren (I'm a long way from being a grandfather btw). I've shorted the DOW at 11,990 and 12,250. I've taken profit on this position too. I started this position on the 28th of January. I was upside down for a while, but she's looking good now. The play in my original setup is the possiblity of double dip. The monthly candle will be a very important candle on the DOW close. A close like she is now or more bullish and I'll take some more profit and look to add to my short position when it goes back up to possibly 12,000 then looking for my next TP level around 11,300 if we haven't hit it this month. I will TP on some of my position at this price level if we hit it this or next month. A double hit would be cool!! We'll revisit this position.

I wish the best to everyone! Trade well!

Well, given that you have returned to your spiritual cyber home it seems appropriate to give you a story. If nothing else, just to let you know that this thread continues to make a difference long after the activity died down on it.

I started researching trading about 2 years ago and very swiftly found this thread. As you may be able to imagine, very little of it made sense at first and almost blew my mind infact! But, I sort of somehow knew there was something in it and that it wasn't just another system that was plagued with periods of self-destruction. Even though I spent most of the next year waving goodbye to money on various different systems with various different timeframes involved, I regularly came back to the thread and PDF and little by little it sunk in.

I then began reading 30 pages a day most days and over about 6 months, managed to read the whole thread whilst taking some of the setups and ditching the systems. By the end of this education, everything had changed. I now understood everything that was being talked about and why. I got why you guys were taking the trades you were in the areas you were. Sure, there was a great deal of additional education taking place complimentary to the thread but I still feel that ultimately, the biggest difference made to me was in these 2500 pages.

The story hasn't ended. I make profit now, almost every day I get the chance to trade. I trade with nothing but the moving averages on my chart even though many of my trades have ended up not textbook "EO Hater" stuff. I must also mention that Ken Lee has also been a huge help in my development and in taking your ideas forward and putting his own ideas with them. But this is ongoing and I’ll likely read the whole thread again at some point to cement the whole thing and maybe look at some of the content in a new and more educated light.

So I am maybe 6 months now from taking the plunge and beginning my dream of trading full time. I have the equity and the consistency that I know will make it work for me and this thread will have been the foundations on which my new life will sit.

It must be a peculiar thing to come back and see your musings still having an impact on people's actual lives today. Certainly always seemed strange to be involved so much every day with the various characters on the thread with only really Ken still being noticeable to see.

So thanks, EO, for doing this journal and best regards to Infinity who I’m sure you are still in touch with!

All the best

Trotty

I am very glad to see your post EO and know that you are o.k. I dont know you personally but you have made a huge impact on my life that I believe will change the rest of my life and hopefully my child and his children as well. I hope we see a little more of you in the future but if not thanks for all you have done for every one that has ever visited this thread!!

EO........WAASSSSUUUUUPP!!!!

Glad to hear all is well on your end.

Like it's been said before, thanks for taking time to provide us with your wisdom.

HOLLA

Welcome back :->

Hello guys and gals! I have resistance around 1.6330 on 4hr and daily so I will be looking a short signal on the 15m chart in that area.

I would hope that by this point we have learned enough from EO to continue this thread in his honor even if he is not around as much. I will make it a promise to be here as much as possible and I hope some of the others will join back up in here as well!!

Went short with a 30 pip s/l here.

I am also short on aud/usd off 4hr 200ma. I know that pair is not talked about in here but I saw it, I liked it, and I took it. 30 pip s/l so we will see what happens with it.I may find my s/l too tight on this but just hate giving pips away!

This is almost like being at home with the wife, I talk and nobody is listening......lol

eur/usd is at a daily resistance area from back in oct 2010 so we may see some good shorts here as well. The dollar has been getting weaker so I would really like to see the dollar stronger to put some downside to the trades I have talked about. ALL COMMENTS ARE WELCOME!!

S/l moved to +2 not sure what might happen during asian session

Nice play. Tough resistance at 6340 and a beautiful pin printed on one of my 4 hours. There is a lot of momentum behind this thing so if it turns it isn't going to happen quickly. I think we re-test todays highs, and then I will start looking for a signal for a short.

I agree 100% that is why I moved s/l, may be enough momentum to move past 6340 only time will tell. Good to see ya bro and would like to get some life back in this thread. Way too much info to just let it sit dormant.

Same to you! I have every intention to keep this thread going and hopefully bring a group together but I've been swamped at work and have barely been trading the last 4 months. I should be able to start trading almost full time through the summer, starting in a week or two - so you'll know where I'll be. It would be nice to combine everything with the group Ken has going, as there are some great traders there.

Some of us are listening. I took this trade too, and before I saw you had. Also, I took it for slightly different reasons, and that makes me feel a little better about it. When different methods arrive at almost the same entry point, I think that tends to be a good sign.

I'm looking forward to seeing anything you care to post. And I hope you won't mind if I sometimes pitch in with noobie questions.

Well that is why we use a s/l. Neither play worked out but not hurt to bad due to s/l being in place.

I cant talk much but am all ears

I saw your play last night BKG, it looked like a good set up, glad you move your s/l.

Glad everyone is making their way back.

Waiting for that 1hr 62ema on the EU, doesn't look like it now. Will check it later.

HOLLA

Ah now we even have turtle here! Thank you turtle. For me, you are as good as EO. I learnt a branch of EOhater but i have perfected only one setup yet. Would be great if you all can discuss things live. I really need to learn it from masters.