Trade what you see NOT what you expect | Page 23 | Forex Factory

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Trade what you see NOT what you expect

  • #441
  • Feb 27, 2009 9:54am Feb 27, 2009 9:54am
Quoting rt4x
My 4h candle closes in 10 min...will see what happens then...
Let's see how it reacts at 1H 150ma and 4h 50ma ????

If it gets there
  • #442
  • Feb 27, 2009 9:55am Feb 27, 2009 9:55am
Quoting cisco
It kind of looks like London is closing out their shorts before the end of their trading day.
The great London Fix.

We could have a shorting opportunity coming up here.
Just digging in the trenches like everyone else!
  • #443
  • Feb 27, 2009 9:56am Feb 27, 2009 9:56am
Quoting eohater
NOPE!! I'm sidelined still.
Would you be looking at shorting off resistance or is it rising too fast?
  • #444
  • Feb 27, 2009 9:57am Feb 27, 2009 9:57am
Quoting MarkyBoy
Would you be looking at shorting off resistance or is it rising too fast?
Depends on how the 1h candle closes. Ideally, I want PA to get me into a trade. This is Friday, end of month and I don't want to be slammed while positions are getting squared.

I don't have to take a position, neither do any of you. Remember, this is about taking good trades.
Just digging in the trenches like everyone else!
  • #445
  • Feb 27, 2009 9:58am Feb 27, 2009 9:58am
Quoting cisco
It kind of looks like London is closing out their shorts before the end of their trading day.
I think someone pointed out they had one too many 0s on the loss reported by HBOS and RBS.

However, as soon as they realise they were right the first time, it will shoot back down again.
  • #446
  • Feb 27, 2009 9:59am Feb 27, 2009 9:59am
I've noticed that when the MA's cross each other it often froms a s/r level, so i proboably wouldn't have taken that short due to 5 crossing other MA's. What do you reckon eo? That could be completely wrong
please DON'T copy my trades I am still learning
  • #447
  • Feb 27, 2009 10:00am Feb 27, 2009 10:00am
Long from 4256
Just digging in the trenches like everyone else!
  • #448
  • Feb 27, 2009 10:01am Feb 27, 2009 10:01am
Quoting eohater
Long from 4256
Long from 4261....great entry EO...congrats....
  • #449
  • Feb 27, 2009 10:03am Feb 27, 2009 10:03am
Is it my wishful thinking or did that constitute an evening star in the 15M?
  • #450
  • Feb 27, 2009 10:05am Feb 27, 2009 10:05am
Quoting rt4x
Long from 4261....great entry EO...congrats....
Premature, but she's bounced off the 15m 50ema, I played mine off the 15 5ema.
Just digging in the trenches like everyone else!
  • #451
  • Feb 27, 2009 10:06am Feb 27, 2009 10:06am
Quoting MarkyBoy
Is it my wishful thinking or did that constitute an evening star in the 15M?
I don't see it.
Just digging in the trenches like everyone else!
  • #452
  • Feb 27, 2009 10:08am Feb 27, 2009 10:08am
Quoting eohater
I don't see it.
I'm obviously midreading things - time to bail - I look forward to your comments on my earlier chart when you get some time.

Have a good weekend everybody - see you next week

  • #453
  • Feb 27, 2009 10:12am Feb 27, 2009 10:12am
Quoting eohater
Long from 4256
Closed at 4272. Going to wait for a better entry.
Just digging in the trenches like everyone else!
  • #454
  • Feb 27, 2009 10:15am Feb 27, 2009 10:15am
Quoting eohater
Closed at 4272. Going to wait for a better entry.
Oh well....I got a whooping 6 pips for now....secured my entry and got stopped out....wait again
  • #455
  • Feb 27, 2009 10:17am Feb 27, 2009 10:17am
Quoting rt4x
Oh well....I got a whooping 6 pips for now....secured my entry and got stopped out....wait again
+6 is better than -6. I grabbed my +16 and waiting myself. I see the tide could be getting ready to change.
Just digging in the trenches like everyone else!
  • #456
  • Feb 27, 2009 10:18am Feb 27, 2009 10:18am
Quoting eohater
+6 is better than -6. I grabbed my +16 and waiting myself. I see the tide could be getting ready to change.
That's right...i'm with you bro....patience will save us from freaky friday and END of MONTH !!!
  • #457
  • Feb 27, 2009 10:24am Feb 27, 2009 10:24am
Quoting eohater
Closed at 4272. Going to wait for a better entry.
I have to admit, I wouldn't have thought about a long there. My mind was thinking about a good entry for a short. Gutsy play! Glad it worked out for you.
Hi, my name is Barry and you can keep your doctor...
  • #458
  • Feb 27, 2009 10:24am Feb 27, 2009 10:24am
Ok, let's go this way, short now from 4255.
Just digging in the trenches like everyone else!
  • #459
  • Feb 27, 2009 10:26am Feb 27, 2009 10:26am
Quoting eohater
Ok, let's go this way, short now from 4255.
Didn't find my seat on that one....on the sidelines for now...many green PIPS to all
  • #460
  • Feb 27, 2009 10:27am Feb 27, 2009 10:27am
Quoting cisco
I have to admit, I wouldn't have thought about a long there. My mind was thinking about a good entry for a short. Gutsy play! Glad it worked out for you.
I should of had more patience. I know better, turn of the 1h candle, new 4h candles for some, I should have waited for the mid price of the 1h candle closed before going long, I was just looking at how the prior 15m candle closed above the 15m 5ema, took the long there. Patience, Patience, PATIENCE. I'm finding it harder to post my trades and trade at the same time, but I'll adapt.
Just digging in the trenches like everyone else!
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