Tom Hougaard

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Old Oct 3, 2003, 12:27pm   #29
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"Or just trade what you see, not what you expect to see .."
Skimbleshanks.

Amen.
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Old Oct 3, 2003, 1:13pm   #30
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Surely we all trade (gamble) on what we 'expect to see'. Isn't that the whole point of using support/resistance/trendlines/fib etc.. we use them to predict likely future outcomes based on historic activity around these levels. And because it's only a 'likely' outcome we use stops for protection.

Tom does it, we all do it...

So okay, he's gone to tacticaltrader, he's moved on and so must we......lol!

nobody likes a splitter.
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Old Oct 3, 2003, 1:52pm   #31
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Personally I dont trade on what I "expect" to see as I react to what I actually do see.


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Old Oct 3, 2003, 1:54pm   #32
 
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I have to agree with Skim on this.. trade what you see, not what you expect to see. Remember the market does it's own thing.. and spookily enough, it always goes the other way when you place a trade.
The problem I've noticed in myself is that I keep on trying to catch a trade on a turnaround... (when will I learn?? )... best thing is to go with the trend and time an appropriate entry. This has worked so much better for me...
It's a psychology thing, we like to buy low and sell high.. it should be buy high, sell higher!!!
Good luck!!
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Old Oct 3, 2003, 3:07pm   #33
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I do not think that T/H is correct in looking for a fall in the market but only because George Bush wants to be re-elected . anyway I just go with the flow to make money in the market today.
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Old Oct 3, 2003, 3:20pm   #34
 
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Unless GB can prop up the $, he's in trouble
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Every market has a bottom, every bottom has a hole in it.
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Old Oct 3, 2003, 3:58pm   #35
 
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Tony Benn - come back
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....Indicators show the past. Price Action "Indicates" the future.
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