Trade what you see NOT what you expect | Page 48 | Forex Factory

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Trade what you see NOT what you expect

  • #941
  • Mar 4, 2009 11:34am Mar 4, 2009 11:34am
Quoting nyjetfan
Watchign you two for the last half hour made me think more of Will Ferrell and John C Reilly from stepbrothers..
Just digging in the trenches like everyone else!
  • #942
  • Mar 4, 2009 11:36am Mar 4, 2009 11:36am
Quoting Infinity
I agree bro... I just closed out my remaining position at be..
I lost 1 pip on my remaining position, but I'm good with that. We'll find a new seat when we get back from lunch.
Just digging in the trenches like everyone else!
  • #943
  • Mar 4, 2009 11:37am Mar 4, 2009 11:37am
Alright guys, break for lunch, I'll be back in about an 1h. If you are in a position, please make sure your covered, if your green, don't be afraid to TP along the way, and see everyone shortly.
Just digging in the trenches like everyone else!
  • #944
  • Mar 4, 2009 11:37am Mar 4, 2009 11:37am
Quoting eohater
I lost 1 pip on my remaining position, but I'm good with that. We'll find a new seat when we get back from lunch.
Nothing wrong with that bro! Have a good lunch... I'm going to get something now myself!.
Patience + Discipline - Greed = Success
  • #945
  • Mar 4, 2009 11:41am Mar 4, 2009 11:41am
Quoting eohater
Alright EO, which one do you look better as?
Attached Images
  • #946
  • Mar 4, 2009 12:42pm Mar 4, 2009 12:42pm
Quoting nyjetfan
Alright EO, which one do you look better as?
I like the one on the right..
Just digging in the trenches like everyone else!
  • #947
  • Mar 4, 2009 12:42pm Mar 4, 2009 12:42pm
Well, I see my shorts would have been fine to 4100 area. Let's see what happens now. I hope some of you held onto your positions and made some nice pippage.
Just digging in the trenches like everyone else!
  • #948
  • Mar 4, 2009 12:43pm Mar 4, 2009 12:43pm
Quoting eohater
I like the one on the right..
Just went long at 4107 (bounce of 62EMA). Let's see if that EMA is shown some respect.
  • #949
  • Mar 4, 2009 12:44pm Mar 4, 2009 12:44pm
Hi EO,
Are you looking to long on the 62 ema?
  • #950
  • Mar 4, 2009 12:46pm Mar 4, 2009 12:46pm
Quoting nyjetfan
Just went long at 4107 (bounce of 62EMA). Let's see if that EMA is shown some respect.
Not just yet for me. I'm looking for the candle to cross the 15m 50ema. I might miss the boat though. This area would be the area for a bounce, we've cross the 15m 35 and closed below it.
Just digging in the trenches like everyone else!
  • #951
  • Mar 4, 2009 12:48pm Mar 4, 2009 12:48pm
Quoting chrismarkfx
Hi EO,
Are you looking to long on the 62 ema?
The 62ema is an area I'm looking for it to either hold or blast though. We're closing out a bearish 1h candle in the next 13m. She could easily bounce here and go back up to the 417x and higher area. I would suspect 4200 should we get the bounce. I'm waiting though for the next 15m candle to develop. I would like to buy under the 15m 50ema with tight SL around 35 pips.
Just digging in the trenches like everyone else!
  • #952
  • Mar 4, 2009 12:55pm Mar 4, 2009 12:55pm
H&S is forming on 15M.
Is it reliable formation for this timeframe?
Attached Image (click to enlarge)
Click to Enlarge Name: 15 min.jpg Size: 93 KB
  • #953
  • Mar 4, 2009 12:57pm Mar 4, 2009 12:57pm
Quoting Komissar
H&S is forming on 15M.
Is it reliable formation for this timeframe?
Every trader has a different view on shampoo and when it's viable or not. I for one, think shampoo is viable on anytime frame, so I would say it has possiblities.
Just digging in the trenches like everyone else!
  • #954
  • Mar 4, 2009 1:03pm Mar 4, 2009 1:03pm
I took a smaller sized position at 4106. I'll add if the next 15m candle falls, but keep my SL under control as well.
Just digging in the trenches like everyone else!
  • #955
  • Mar 4, 2009 1:03pm Mar 4, 2009 1:03pm
Quoting eohater
Well, I see my shorts would have been fine to 4100 area. Let's see what happens now. I hope some of you held onto your positions and made some nice pippage.
That's right bro... but that's how it is.. we still have to eat...

Surely if we were at the monitor, we would have reentered on the failure to make a new high after the 10ema bounce.....
Patience + Discipline - Greed = Success
  • #956
  • Mar 4, 2009 1:03pm Mar 4, 2009 1:03pm
You are short?
  • #957
  • Mar 4, 2009 1:05pm Mar 4, 2009 1:05pm
Quoting Komissar
H&S is forming on 15M.
Is it reliable formation for this timeframe?
Couple more things to look at.

I'll watch 4140 again.
Attached Image (click to enlarge)
Click to Enlarge Name: 15 min.jpg Size: 123 KB
  • #958
  • Mar 4, 2009 1:08pm Mar 4, 2009 1:08pm
Quoting Komissar
H&S is forming on 15M.
Is it reliable formation for this timeframe?
Yes... it is reliable on m15..
Patience + Discipline - Greed = Success
  • #959
  • Mar 4, 2009 1:12pm Mar 4, 2009 1:12pm
Quoting Infinity
Yes... it is reliable on m15..
It's reliable on any timeframe as long as I'm not trading it...
  • #960
  • Mar 4, 2009 1:13pm Mar 4, 2009 1:13pm
Quoting BenScoobert
You are short?
Ben - EO is long, as this is one of the setups mentioned before - bounce off the 62 EMA on the hourly chart.

Just a sidenote to folks - if you mostly watch the 15m chart, add a 248EMA to it, as that also just happens to cover 62 hours and while not exact it will be close to where the 62EMA from the hourly is.
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