Trade what you see NOT what you expect | Page 35 | Forex Factory

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Trade what you see NOT what you expect

  • #681
  • Mar 2, 2009 10:28pm Mar 2, 2009 10:28pm
Quoting eohater
Rest closed at +3. I'll take another short, but I can still see this moving upto the 415x area and even the 417x now that I see the 1h 50/62 sitting there. Our 15m closed on top of the 15m 5ema.
I agree bro! I closed partially at the 5ema myself and covered the rest.. I may get stopped out as well...but another seat will be available...
Patience + Discipline - Greed = Success
  • #682
  • Mar 2, 2009 10:29pm Mar 2, 2009 10:29pm
Infinity, I'm liking the Rumus software. Today and tonight I've had some opportunity to drive it in action.
Just digging in the trenches like everyone else!
  • #683
  • Mar 2, 2009 10:29pm Mar 2, 2009 10:29pm
Quoting rt4x
Yup...just closed mine at +6 and will wait for a better seat....off to get some rest for a few hours before london session...safe trading to all !!!
take care....
Patience + Discipline - Greed = Success
  • #684
  • Mar 2, 2009 10:31pm Mar 2, 2009 10:31pm
Quoting eohater
Infinity, I'm liking the Rumus software. Today and tonight I've had some opportunity to drive it in action.
Glad to hear it bro... I love using it myself...!!
Patience + Discipline - Greed = Success
  • #685
  • Mar 2, 2009 10:38pm Mar 2, 2009 10:38pm
Just took some more off my short at 4070...
This h1 close will help me decide whether to close out fully or add...
Patience + Discipline - Greed = Success
  • #686
  • Mar 2, 2009 10:42pm Mar 2, 2009 10:42pm
Quoting Infinity
Just took some more off my short at 4070...
This h1 close will help me decide whether to close out fully or add...
Nice trade bro! I had 4070 as my first TP when I first went short at 4093, but she got gnarly on my ass after I entered, so I lost my faith and TP too early. Not upset though, positive pippage and I'm just here to scalp for a while.
Just digging in the trenches like everyone else!
  • #687
  • Mar 2, 2009 10:44pm Mar 2, 2009 10:44pm
I'm looking at the 414x-417x area for the next short opportunity. Funny how my h4 close in 17m is going to be near what your's was. Let's see if it's less and give us a hangman for a nice short trigger on the 1h.
Just digging in the trenches like everyone else!
  • #688
  • Mar 2, 2009 10:46pm Mar 2, 2009 10:46pm
Quoting eohater
Nice trade bro! I had 4070 as my first TP when I first went short at 4093, but she got gnarly on my ass after I entered, so I lost my faith and TP too early. Not upset though, positive pippage and I'm just here to scalp for a while.
I understand bro!! It seems I am going to be stopped out of the remaining position I have.... I am basically scalping a few pips here myself before going to bed... which is going to be soon...
Patience + Discipline - Greed = Success
  • #689
  • Mar 2, 2009 10:47pm Mar 2, 2009 10:47pm
Quoting eohater
I'm looking at the 414x-417x area for the next short opportunity. Funny how my h4 close in 17m is going to be near what your's was. Let's see if it's less and give us a hangman for a nice short trigger on the 1h.
I'm watching for that hanging man myself bro!! It would be a good signal... especially since we would stay inside the channel...
Patience + Discipline - Greed = Success
  • #690
  • Mar 2, 2009 10:47pm Mar 2, 2009 10:47pm
Quoting Infinity
I understand bro!! It seems I am going to be stopped out of the remaining position I have.... I am basically scalping a few pips here myself before going to bed... which is going to be soon...
I'm about 1h out from being done. Might not get another trade and I don't really care. That's the beauty! Don't have to trade, but if there's a setup on any of the time frames, we can get in, grab some pippage and get out. Thie 1h is starting to get me excited though.
Just digging in the trenches like everyone else!
  • #691
  • Mar 2, 2009 10:50pm Mar 2, 2009 10:50pm
Quoting Infinity
I'm watching for that hanging man myself bro!! It would be a good signal... especially since we would stay inside the channel...
Keep us in the 1h as well!
Attached Image (click to enlarge)
Click to Enlarge Name: chart.PNG Size: 29 KB
Just digging in the trenches like everyone else!
  • #692
  • Mar 2, 2009 10:51pm Mar 2, 2009 10:51pm
Quoting eohater
I'm about 1h out from being done. Might not get another trade and I don't really care. That's the beauty! Don't have to trade, but if there's a setup on any of the time frames, we can get in, grab some pippage and get out. Thie 1h is starting to get me excited though.
The last m15 close makes me think we will retest 4110-20 before the hourly closes though... let's see what the next 10min bring...
Patience + Discipline - Greed = Success
  • #693
  • Mar 2, 2009 10:53pm Mar 2, 2009 10:53pm
Quoting eohater
Keep us in the 1h as well!
That's a beautiful chart you got there bro!!!
Patience + Discipline - Greed = Success
  • #694
  • Mar 2, 2009 11:00pm Mar 2, 2009 11:00pm
Quoting Infinity
That's a beautiful chart you got there bro!!!
Thanks bro! Someone turned me onto, can't remember who

I do like how the candles form. That's what I can't stand about Meta platforms, their damn candles are jumpy from one close to the next. I couldn't trade off of that. I like my candles to be clean and show their true action.
Just digging in the trenches like everyone else!
  • #695
  • Mar 2, 2009 11:03pm Mar 2, 2009 11:03pm
Body of the last 1h close is fuller than I would like to take a short at the opening of the new 1h.
Just digging in the trenches like everyone else!
  • #696
  • Mar 2, 2009 11:03pm Mar 2, 2009 11:03pm
Quoting eohater
Thanks bro! Someone turned me onto, can't remember who

I do like how the candles form. That's what I can't stand about Meta platforms, their damn candles are jumpy from one close to the next. I couldn't trade off of that. I like my candles to be clean and show their true action.

I hear that bro!!!

We got that hanging man on the hourly I have'nt added to my remaining shorts but I am feeling better about it....
Patience + Discipline - Greed = Success
  • #697
  • Edited 4:56am Mar 3, 2009 4:54am | Edited 4:56am
I had some questions about today's charts.

First, look at the area circled in red. You'll notice the first 3 candles have long down wicks, while the last 3 candles have long up wicks.
Granted, you may already have entered a trade based on the area before that circled, but my question is how would you have treated each
candle as it printed out? Would your bias have been long on the first 3 candles and short on the last 3? Would you have taken into account
the descending slope of each successive candle?

Second, the candle circled in blue. I recognise that as a trade that I call the aha trade, as Eo described this one in a post, and I went aha.
Would I be correct in thinking this is one where we cross the 50 EMA (orange line), and the next candle rejects it with a long wick (circled blue),
so we enter on the next candle?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.jpg Size: 157 KB
  • #698
  • Mar 3, 2009 9:05am Mar 3, 2009 9:05am
Good morning everyone! Daffy, I'll address your chart once I get going. I had a great night and morning so far. I'm sorry, I can't post in the early am before US Session opens, I take care of my son when he gets up, he's 3 1/2, so he keeps me from being able to post. Many times, he keeps me from trading as well.
Just digging in the trenches like everyone else!
  • #699
  • Mar 3, 2009 9:13am Mar 3, 2009 9:13am
I'm looking for a long position around 4000. Notice how she's playing tennis across the ma's on the 15m. I've already played it down and up, now it's time to play it up again I believe.
Just digging in the trenches like everyone else!
  • #700
  • Mar 3, 2009 9:15am Mar 3, 2009 9:15am
Long 4021
Just digging in the trenches like everyone else!
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