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spa
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Postby spa » Tue Sep 22, 2009 1:23 pm

there was an outside bar one could have used in hindsight...

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es/pip
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Postby es/pip » Tue Sep 22, 2009 2:02 pm

spa wrote:there was an outside bar one could have used in hindsight...


i dont trade that bar, but if i was watching it in real time and did trade that pair i would have been short in that 5 min sequence

somewhere around 149.25 and out at 148.78
Bend over and assume the position for another 4 years of hope and change.

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cfabian
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Postby cfabian » Tue Sep 22, 2009 2:12 pm

I go with you... If trading that scenario, I would be looking to go long.

If you find a setup on smaller TF, it can work BUT for small pips.


es/pip wrote:
spa wrote:how do you guys and gals(altho' lisa hasn't been around lately) go about this chart... 4h momo to the upside,1 h touched a previous ZL and has moved above it forming a new one to the upside that got wicked, 15min shows a possible entry short tho'..

situation like this present themselves more often than not



for me


this is kind of like the other situation that we were discussing the other day

#1 h4 is long
2 when you come into that h1 zl---- what got you there----another momo long candle. So, coming out of the above zl is going to find support based on the h1 bar that got you there----



i would not trade short there
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

Fxtraveller
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Postby Fxtraveller » Tue Sep 22, 2009 2:26 pm

Took the GU trade.

Obvious resistance on D1.... I wish I had the patience to wait for the "doh" trades. Trade worth 100 pips to me, scaled out, but there is much fuel left as it seems...
Attachments
gu d1.gif
gu d1.gif (11.36 KiB) Viewed 1034 times
gu h4.gif
gu h4.gif (7.56 KiB) Viewed 1034 times

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cfabian
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Postby cfabian » Tue Sep 22, 2009 2:32 pm

I was in that one as well, however I entered a bit earlier than you, and as the entry wasn't that clean and had DD with closed candles against me, I closed it with +2.

Anyways... this is getting exciting, no losses on the last 8 trades, all with either small pips or BE. I think this is the main goal for a trader. Things are getting more clear and it is really encouraging.

Cheers


Image


aliassmith wrote:
es/pip wrote:
aliassmith wrote:I believe it is my best single trade to date :)

GBP/USD H1 started late US session and finished
up London session for 90 pips.

Long at pullback on the MoMo candle



nice

you got in before i did---

i missed that

traded it off the h4

the h4 chart setting up like that was almost a gift from the banks

Image


I may have got in earlier, but you got a BIGGER chunk of the pie.
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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es/pip
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Postby es/pip » Tue Sep 22, 2009 3:26 pm

cfabian wrote:I was in that one as well, however I entered a bit earlier than you, and as the entry wasn't that clean and had DD with closed candles against me, I closed it with +2.

Anyways... this is getting exciting, no losses on the last 8 trades, all with either small pips or BE. I think this is the main goal for a trader. Things are getting more clear and it is really encouraging.

Cheers


Image


aliassmith wrote:
es/pip wrote:
aliassmith wrote:I believe it is my best single trade to date :)

GBP/USD H1 started late US session and finished
up London session for 90 pips.

Long at pullback on the MoMo candle



nice

you got in before i did---

i missed that

traded it off the h4

the h4 chart setting up like that was almost a gift from the banks

Image


I may have got in earlier, but you got a BIGGER chunk of the pie.


Good deal, glad u r seeing it

This is what I was talking about earlier. If you spend enough time looking at the market this way, then your mind just starts to see it clearer and clearer.

And then it just becomes seconed nature
Bend over and assume the position for another 4 years of hope and change.

Fxtraveller
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Postby Fxtraveller » Tue Sep 22, 2009 3:30 pm

to me, the simple fact of trading without any higher maths indicators is already encouraging =] At least I have a better understanding of why price moves, and its not because it HAS to "bounce off" a MA 8 or MA 18, as I was tought, LOL =]

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dragon33
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Postby dragon33 » Tue Sep 22, 2009 3:44 pm

For some reason no catch on the gu today

this is what i have from ej. Because i trade it not very often i took the profit when it was there. No confident to let it run.

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Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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cfabian
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Postby cfabian » Tue Sep 22, 2009 4:00 pm

Yes sir... And I believe once there I will be repeating my self how stupid I was. Last week and this was crucial to my understanding, finding the (or one off :) ) the missing links.

Thanks again to dragon, MO, TRO, you, and all of those who post and encourage people.



es/pip wrote:
cfabian wrote:I was in that one as well, however I entered a bit earlier than you, and as the entry wasn't that clean and had DD with closed candles against me, I closed it with +2.

Anyways... this is getting exciting, no losses on the last 8 trades, all with either small pips or BE. I think this is the main goal for a trader. Things are getting more clear and it is really encouraging.

Cheers


Image


aliassmith wrote:
es/pip wrote:
aliassmith wrote:I believe it is my best single trade to date :)

GBP/USD H1 started late US session and finished
up London session for 90 pips.

Long at pullback on the MoMo candle



nice

you got in before i did---

i missed that

traded it off the h4

the h4 chart setting up like that was almost a gift from the banks

Image


I may have got in earlier, but you got a BIGGER chunk of the pie.


Good deal, glad u r seeing it

This is what I was talking about earlier. If you spend enough time looking at the market this way, then your mind just starts to see it clearer and clearer.

And then it just becomes seconed nature
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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cfabian
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Postby cfabian » Tue Sep 22, 2009 4:07 pm

I'm with you... just the mystery around remains to be the diamond thing MO started up.

I just remembered I started with forex when I came across with one robot, out of the blue over the internet, caught my attention and here I am. So naive I was when bought it and lost money...

No automated method really works, I learnt that from experience. Indicators????? about the same


Fxtraveller wrote:to me, the simple fact of trading without any higher maths indicators is already encouraging =] At least I have a better understanding of why price moves, and its not because it HAS to "bounce off" a MA 8 or MA 18, as I was tought, LOL =]
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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