Trade what you see NOT what you expect

i am long with this driver ( the candle i mark in the chart)...h1 hits 62Ema....
hope you guys would share your opinion on this trade.....

PS. this is a demo trade only....

edit: close +3...LOL don't like the close of the 15 mins candle

any one on this one guys...??

Steven,

This thread is really only about 4 pairs GU, EJ, EU, and GJ as per the FAQ on the first page. Most here don't watch any other pairs.

If you are using Windows Vista/7 it comes with a "Snipping tool". Should be located in the accesories menu. It basically screenshots whichever part of the screen you highlight. Hope that helps.

My GU H4 looks different as well but I belive that it says the same thing.

I've got a DBLHC and a support level of PPA to go along with it.

Would this not give the same info in a different way?

Yep, gives the same info. See my post below about having different 4 hour feeds. Everyone here should have at least two different 4 hour closes but I recommend 4 - a new 4 hour candle every hour.

oh...just know it.....
hope still have room for me...will post setup with those pair in the future....

Long The Mrs 5992 from the 4hour support below.

Hi Captain,

Those thick blue S/R lines u hav on your chart are manually drawn or any indicator?

taken a short e/u @ 1.4115

Added another @ 1.4127

Curious about your reasons for the trade if you wouldn't mind.

Ah, ok. No problem regarding the English by the way, it was probably just me!

Regarding the 35/50 trade here, this may not be a popular answer on this thread but in my experience, they are not a reliable setup. At least, they aren't any longer in my experience.

I know another trader who says that they can be still be traded but you are looking for that big candle to finish at a significant area of support or resistance (maybe a major fib level or confluence of factors including pivots and trendlines). Either way, he says that you need that additional reason to be shorting against bullish momentum or going long against a big bearish candle. Just taking it in "space" doesn't seem to work.

Another thing he talks about (and I totally agree with) is that there is a lot of "devil in the detail" in the way that the likes of EO and Infinity traded. The PDF and often their description of the reasons they entered a trade appear simplistic and easy to replicate. The reality, we suspect, is greatly different. They looked left as much as any other of the skilled traders out there. If they say "I went short off the 21 ema" they almost certainly had something on the left of their chart that made them do so.

This is why I think new traders find it hard to grasp a lot of what went on with this thread. If you haven't been there already, I would strongly suggest spending some time on Ken Lee's thread where he does a brilliant job of making sense of a lot of this method and he's the king of using the detail on the left side of our charts.

Not sure how much this helps mate but it's just my opinion, none of it fact

I might add to Trotty's excellent post that Ken Lee very often has mentioned 35/50 trades are best taken as retracement trades they are more reliable that way. For example if the ma's are pointing to being in a downtrend on the 15min and we have a bullish candle that closes through the 35/50 it is more likely to work taking a short when it closes, likewise the opposite way.

hello...thank you very much for ur explaination....
i am following this thread n Ken's too...still left behind a few hundred page on ken's and alot on this thread...trying to catch up with you guys...

Mate, I completely agree with you in reference to the post 34013 about 35/50 MAs entry and looking on the left side. That information should be very invaluable to struggling traders. All the best, man.

I just longed EURUSD now @ 1.4114 on 15 mins due to bullish engulfing pattern on a confluence of MAs as support. Be careful, I could be wrong.

My short on EURUSD has hit SL. But got to look for another action. Its the name of the game. As long as money is made in the end. Hitting SL is unavoidable.

I went short on the EU and the thought process was as follows:

The 15M painted and engulfing bear candle (highlighted in blue) which got my attention, but it was still very close to coming down into the 4100 level and I won't open a position until I get a close below this level. As soon as I got a close below, I opened the short on the next candle (highlighted in blue) at 4092.

I then set my SL equivalent to the close of the bull (green) candle above the 4100 level. For my TP I went up to the H1 seeing a level of PPA at 4071, took part off and moved ST to +3. Also on the H1 the second TP set to the next area of PPA at 4021.

As always, things can change in an instant . . .

As an added note:

I have started placing white lines at all the XX00 levels so they don't sneak up on me. Obviously,these tend to be very crucial areas.