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Trade what you see NOT what you expect

  • #34,021
  • Mar 29, 2011 7:58am Mar 29, 2011 7:58am
Quoting fx_magic
Hi Captain,

Those thick blue S/R lines u hav on your chart are manually drawn or any indicator?
It's an indicator. Recent SR by Hanover. It's really great.

http://www.forexfactory.com/showthread.php?t=204276
Cap
  • #34,022
  • Mar 29, 2011 10:26am Mar 29, 2011 10:26am
Quoting bkg102665
The pin circled in blue on the 4hr really is what I was looking at.I like the next bull candle. Waited for it to come back and test the 1.5980 area and took it long. Now I just hope it holds .
Well still sitting around break even......
Please ask questions and share your experiences with us all!
  • #34,023
  • Mar 29, 2011 11:04am Mar 29, 2011 11:04am
Quoting bkg102665
Well still sitting around break even......
She's having a tough time getting through that big 5980 level. Took a nice short this morning on that 15 minute pin right at 5980. Was spanking all 4 of the ladies this morning so no time to post live setups.

If she stays below 5980 it could mean down to the lower TL at 5850 bro!
Cap
  • #34,024
  • Mar 29, 2011 11:45am Mar 29, 2011 11:45am
Quoting The Captain
She's having a tough time getting through that big 5980 level. Took a nice short this morning on that 15 minute pin right at 5980. Was spanking all 4 of the ladies this morning so no time to post live setups.

If she stays below 5980 it could mean down to the lower TL at 5850 bro!
Yeah I know I need a good move up or I will be out looking to drive her down.
Please ask questions and share your experiences with us all!
  • #34,025
  • Mar 29, 2011 11:48am Mar 29, 2011 11:48am
Quoting lazyboy
Added another @ 1.4127
Still in this h4 PA looking alright for more downside.
  • #34,026
  • Mar 29, 2011 12:05pm Mar 29, 2011 12:05pm
Quoting lazyboy
Still in this h4 PA looking alright for more downside.
I'm with you being short the EU based on the chart I posted earlier. Now having said that, as I've been looking at HTF charts, I was hoping for a good move south to the 4020 area and with that I've been stopped out twice at +3 after each had been up 20 - 30 pips.

I'm in it again and hovering right around BE, it seems to be having a hard time getting through the 4070 area. I would say that if it's able to break through, that the 4020 area will be our next stop.
Consistency separates luck from Skill
  • #34,027
  • Mar 29, 2011 12:13pm Mar 29, 2011 12:13pm
Quoting wingnut
I'm with you being short the EU based on the chart I posted earlier. Now having said that, as I've been looking at HTF charts, I was hoping for a good move south to the 4020 area and with that I've been stopped out twice at +3 after each had been up 20 - 30 pips.

I'm in it again and hovering right around BE, it seems to be having a hard time getting through the 4070 area. I would say that if it's able to break through, that the 4020 area will be our next stop.
I wouldnt bes supprised if we see 14110 first I'm looking for around 13970 tgt for the shorts.
  • #34,028
  • Mar 29, 2011 12:32pm Mar 29, 2011 12:32pm
Quoting The Captain
It's an indicator. Recent SR by Hanover. It's really great.

http://www.forexfactory.com/showthread.php?t=204276
Hey Captain if you dont mind me asking, what are your paramaters and timeframe set at for the indicator?
  • #34,029
  • Mar 29, 2011 12:45pm Mar 29, 2011 12:45pm
Quoting Ahsanfx
Hey Captain if you dont mind me asking, what are your paramaters and timeframe set at for the indicator?
nvm i figured it out
  • #34,030
  • Mar 29, 2011 4:28pm Mar 29, 2011 4:28pm
Quoting bkg102665
Yeah I know I need a good move up or I will be out looking to drive her down.
I may take profit at 1.6025 and try to jump her again around 1.5980 to 1.5950 area if she makes it back down there. I am doing this based off what I see on my 1hr
Attached Image (click to enlarge)
Click to Enlarge Name: 32911 gbpusd 1hr.gif Size: 23 KB
Please ask questions and share your experiences with us all!
  • #34,031
  • Mar 29, 2011 4:46pm Mar 29, 2011 4:46pm
On my 4hr chart price is above the 10sma and also above the support area of 1.5980 we have been talking about but it looks to me that 1.5950 may be a better line in the sand for support but anyway...... because of this I would still have to be favoring longs at this point.
Attached Image (click to enlarge)
Click to Enlarge Name: 32911 gbpusd 4hr.gif Size: 26 KB
Please ask questions and share your experiences with us all!
  • #34,032
  • Mar 29, 2011 5:14pm Mar 29, 2011 5:14pm
Quoting Ahsanfx
nvm i figured it out
Cool. Basically I just use it to plot S&R for me. You can set it to do whatever you want, but I have it sent to mark the highs any daily candles which have 6 lower candles on either side, and the lows of any daily candles which have 6 higher candles on either side going back 300 days. These are very powerful spots, especially when you have multiple hits. Also FYI this is part of where WisdomFX got his power levels from. I watch price bounce off these lines all day long, and I do a lot of touch trades off of them which I don't bother discussing here.
Cap
  • #34,033
  • Mar 29, 2011 5:16pm Mar 29, 2011 5:16pm
Quoting bkg102665
On my 4hr chart price is above the 10sma and also above the support area of 1.5980 we have been talking about but it looks to me that 1.5950 may be a better line in the sand for support but anyway...... because of this I would still have to be favoring longs at this point.
You got your push up - right on. I am now favoring longs as well, and also waiting for a pullback.

Here's my guess. GU 4hour.
Attached Image
Cap
  • #34,034
  • Mar 29, 2011 5:50pm Mar 29, 2011 5:50pm
Went long GU this morning at 1.6020, she came back to get me.

I'm now long EU from 1.4091, s/l@ 1.4051, targeting 1.4250 area.

Hitting the bed early.

HOLLA
Attached Image
  • #34,035
  • Mar 30, 2011 5:15am Mar 30, 2011 5:15am
Quoting The Captain
You got your push up - right on. I am now favoring longs as well, and also waiting for a pullback.

Here's my guess. GU 4hour.
A wise trader once told me that it is much easier to make money when you know what is going to happen before the market does. Hope some of you caught this move up.

Both me and BKG have been talking about the 5980 level for days. Price finally broke through and we both said we were waiting for a pullback and would go long from 5980. I then even drew a picture for people showing what would probably happen. Price broke through 5980, and then came back to retest it, buyers came in and sent her north. It has now played out 100% as me and BKG said it would.
Attached Images
Cap
  • #34,036
  • Mar 30, 2011 5:35am Mar 30, 2011 5:35am
Quoting The Captain
A wise trader once told me that it is much easier to make money when you know what is going to happen before the market does....
Bonjour,
Yes you both was correct, thanks for sharing.
  • #34,037
  • Mar 30, 2011 5:49am Mar 30, 2011 5:49am
Quoting lady bird
Bonjour,
Yes you both was correct, thanks for sharing.
De rien. Bonne chance aujourd'hui avec ton trading. N'oubliez pas le grand news ma belle!
Cap
  • #34,038
  • Mar 30, 2011 10:40am Mar 30, 2011 10:40am
Quoting The Captain
A wise trader once told me that it is much easier to make money when you know what is going to happen before the market does....
Don't let your head get too swelled, bro, or you won't be able to get your flying helmet on.

Remember, trade what you see, not what you expect!
Hi, my name is Barry and you can keep your doctor...
  • #34,039
  • Mar 30, 2011 11:34am Mar 30, 2011 11:34am
Quoting cisco
Don't let your head get too swelled, bro, or you won't be able to get your flying helmet on.

Remember, trade what you see, not what you expect!
Peace. LOL
  • #34,040
  • Mar 30, 2011 12:08pm Mar 30, 2011 12:08pm
Quoting cisco
Don't let your head get too swelled, bro, or you won't be able to get your flying helmet on.

Remember, trade what you see, not what you expect!


Swelled head or not, I have dedicated a lot of time this week trying to help newer traders like many generously helped me, including posting my live trades which made serious pips. I haven't even received a question, a comment, or a thanks. People must think I just enjoy reading my own writing..

I wonder why EO and Pippi aren't around anymore?
Cap
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