Trade what you see NOT what you expect | Page 20 | Forex Factory

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Trade what you see NOT what you expect

  • #381
  • Feb 26, 2009 8:50am Feb 26, 2009 8:50am
Quoting Infinity
Great entry bro! ... and great job with this thread...

I have'nt traded since NY open... I did quite a few trades last night during Asia and London sessions..

Shorts definitely look better at this pont based on what I am seeing so far...
Thanks bro! We've also broken the upwards trendline on the 15m.
Just digging in the trenches like everyone else!
  • #382
  • Feb 26, 2009 8:53am Feb 26, 2009 8:53am
Quoting Turtle
Nice bro...

I had a short from 4355 at 11:18am, took 13 pips profit and moved s/l @ +2.

She came back and got me.........next seat please.

Love to see a break of 4300 going short and 4400 going long.

HOLLA
Good job bro! I got another +3 on my longs, so down with the shorts I'll go. I'm banging the hell outta the pips today.
Just digging in the trenches like everyone else!
  • #383
  • Feb 26, 2009 8:54am Feb 26, 2009 8:54am
So this is where its all at now.

Been missing your inputs my man..

I'm not much of a poster but always read your analysis of whats happening,
Youv'e not been hogging the cable thread, it's just that everyone else is busy reading your posts and many can't be arsed contributing.. not much of a contributer myself, I admit..

In your earlier posted chart I took a short on the opening of the candle previous to your PA candle. Based on the PA of the candle before that. I am curious as to how you see it, I was locked in b/e and it made 30pips on your PA candle, but I didn't take it. I know it was against the trend but it looked inviting to me.. I think Abuawad thought I was nuts..His buy signal was at 1.4311. which if I'd have known I would have jumped and revrsed it at the 5m 20. 1.4309
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  • #384
  • Feb 26, 2009 8:54am Feb 26, 2009 8:54am
Quoting eohater
Short now from 4359.
Put 20 in my pocket, rest is at +3.
Just digging in the trenches like everyone else!
  • #385
  • Feb 26, 2009 8:57am Feb 26, 2009 8:57am
Quoting eohater
Thanks bro! We've also broken the upwards trendline on the 15m.
I like how the h1 50sma is holding her along with the h4 50ema... The m15 still has this tl in the way though....
Attached Image
Patience + Discipline - Greed = Success
  • #386
  • Feb 26, 2009 8:58am Feb 26, 2009 8:58am
Quoting Si Tr4d3r
So this is where its all at now.

Been missing your inputs my man..

I'm not much of a poster but always read your analysis of whats happening,
Youv'e not been hogging the cable thread, it's just that everyone else is busy reading your posts and many can't be arsed contributing.. not much of a contributer myself, I admit..

In your earlier posted chart I took a short on the opening of the candle previous to your PA candle. Based on the PA of the candle before that. I am curious as to how you see it, I was locked in b/e and it made 30pips on...
I would have taken that short myself. The pin prior to your entry says so. You bagged your pips and that's good, but you should have reversed when you saw the PA candle I have circled. I know, it's hard sometimes to jump trains so quick, but that's part of how I trade intraday style. I was long, got +3, let price move back up and went short on her ass. This is active trading, some will yield great, others will yield little, but it's about the movements and reading your candles.
Just digging in the trenches like everyone else!
  • #387
  • Feb 26, 2009 9:02am Feb 26, 2009 9:02am
Quoting Infinity
I like how the h1 50sma is holding her along with the h4 50ema... The m15 still has this tl in the way though....
My trendline is broken on my 15m...hmmm.. I agree about the 1h 50sma holding her along with the 4h 50ema. Supports our downward movement.
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Just digging in the trenches like everyone else!
  • #388
  • Feb 26, 2009 9:07am Feb 26, 2009 9:07am
Quoting eohater
My trendline is broken on my 15m...hmmm.. I agree about the 1h 50sma holding her along with the 4h 50ema. Supports our downward movement.
No worries bro! the bigger timeframes support the move so it should be good
I have one on at 1.4340...
Patience + Discipline - Greed = Success
  • #389
  • Feb 26, 2009 9:08am Feb 26, 2009 9:08am
Quoting eohater
I would have taken that short myself. The pin prior to your entry says so. You bagged your pips and that's good, but you should have reversed when you saw the PA candle I have circled. I know, it's hard sometimes to jump trains so quick, but that's part of how I trade intraday style. I was long, got +3, let price move back up and went short on her ass. This is active trading, some will yield great, others will yield little, but it's about the movements and reading your candles.

Thanks. That helps, was thinking I was reading this price action incorrectly.

sorry to be a pain but on a previous post you mentioned that you would revrese any candle closing across the 15m 35/50, I didn't take it but was very tempted. your thoughts if you would then I'm off..

A little difficult to see candle.
Blue 35
Brown 50
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  • #390
  • Feb 26, 2009 9:08am Feb 26, 2009 9:08am
Quoting Infinity
No worries bro! the bigger timeframes support the move so it should be good
I have one on at 1.4340...
I see why our trendlines are off from each other. I have the bottom draw from the middle of the two bottom candles, taking the bottom of the bearish candle over the bottom of the bullish candle.

Good entry bro!
Just digging in the trenches like everyone else!
  • #391
  • Feb 26, 2009 9:12am Feb 26, 2009 9:12am
Quoting Si Tr4d3r
Thanks. That helps, was thinking I was reading this price action incorrectly.

sorry to be a pain but on a previous post you mentioned that you would revrese any candle closing across the 15m 35/50, I didn't take it but was very tempted. your thoughts if you would then I'm off..

A little difficult to see candle.
Blue 35
Brown 50
I do go against the grain when we cross the 15m 35sma/50ema. I'm looking though for a full candle with a small wick for this trade setup. If the candle has a longer wick and fuller body than wick, then I'll wait for the other candle to form or set a PO against the grain 20 pips higher than the candle that closed across the 35sma/50ema with TIGHT SL around 20 pips. These are against the grain, but can yield nice pippage.

Don't feel like your a pain, questions are good, ask away. Even if this doesn't make sense, let me know, and I'll find another way to explain it.
Just digging in the trenches like everyone else!
  • #392
  • Feb 26, 2009 9:17am Feb 26, 2009 9:17am
Quoting eohater
I do go against the grain when we cross the 15m 35sma/50ema....

Thanks again.
  • #393
  • Feb 26, 2009 9:20am Feb 26, 2009 9:20am
Quoting Si Tr4d3r
Thanks again.
Look at my 15m chart. I've drawn a green line, which is under the 35sma/50ema. Support is there. This supports the trade against the grain when the candle closes through the 15m 35sma/50ema. Watch how price reacts when we get there. It'll bounce. Will the bounce send it back up? I don't know, I'm short, TP and covered at +3 and headed for lunch. I do have another round of TP set at 4300.

I'm headed for lunch, but I hope this helps!
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 145 KB
Just digging in the trenches like everyone else!
  • #394
  • Feb 26, 2009 9:31am Feb 26, 2009 9:31am
Quoting eohater
Look at my 15m chart. I've drawn a green line, which is under the 35sma/50ema. Support is there. This supports the trade against the grain when the candle closes through the 15m 35sma/50ema. Watch how price reacts when we get there. It'll bounce. Will the bounce send it back up? I don't know, I'm short, TP and covered at +3 and headed for lunch. I do have another round of TP set at 4300.

I'm headed for lunch, but I hope this helps!


I see. And your line is based on the 2 pevious peaks, I will follow this,

Cheers, Enjoy your lunch..
  • #395
  • Feb 26, 2009 9:44am Feb 26, 2009 9:44am
This is really good stuff guys... thanks eo and others
  • #396
  • Feb 26, 2009 10:40am Feb 26, 2009 10:40am
Quoting Si Tr4d3r
I see. And your line is based on the 2 pevious peaks, I will follow this,

Cheers, Enjoy your lunch..
Just got back from lunch. I see that the bounce back across the 15m 35sma/50ema happened like I said it would. If anyone took the trade, good job on the positive pippage with damn near no draw down.
Just digging in the trenches like everyone else!
  • #397
  • Feb 26, 2009 10:43am Feb 26, 2009 10:43am
Quoting eohater
Just got back from lunch. I see that the bounce back across the 15m 35sma/50ema happened like I said it would. If anyone took the trade, good job on the positive pippage with damn near no draw down.
If anyone took the trade, I woud take profit on half my position now and set the rest at +3.
Just digging in the trenches like everyone else!
  • #398
  • Feb 26, 2009 10:48am Feb 26, 2009 10:48am
Quoting eohater
Just got back from lunch. I see that the bounce back across the 15m 35sma/50ema happened like I said it would. If anyone took the trade, good job on the positive pippage with damn near no draw down.
Here's a chart for visualization. This is a great setup to take. No draw down on the account and 30 quick pips in the pocket, possible more. I would take profit on half my position now and set the rest at +3.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 141 KB
Just digging in the trenches like everyone else!
  • #399
  • Feb 26, 2009 10:49am Feb 26, 2009 10:49am
Quoting Willowgal
This is really good stuff guys... thanks eo and others
Glad you're enjoying! Hope your gaining positive pippage from this.
Just digging in the trenches like everyone else!
  • #400
  • Feb 26, 2009 10:52am Feb 26, 2009 10:52am
Quoting eohater
Look at my 15m chart. I've drawn a green line, which is under the 35sma/50ema. Support is there. This supports the trade against the grain when the candle closes through the 15m 35sma/50ema. Watch how price reacts when we get there. It'll bounce. Will the bounce send it back up? I don't know, I'm short, TP and covered at +3 and headed for lunch. I do have another round of TP set at 4300.

I'm headed for lunch, but I hope this helps!
That where I closed out my trade bro!... right at the m15 50... I am on the sides again for now!
Patience + Discipline - Greed = Success
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