Trade what you see NOT what you expect | Page 50 | Forex Factory

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Trade what you see NOT what you expect

  • #981
  • Mar 4, 2009 1:35pm Mar 4, 2009 1:35pm
Quoting nyjetfan
I think I'm following it, so I'll take a shot.

After the first spike into 416x, we had two bearish candles, the second bounced off the 10EMA (on 15m) and then went up and only retested the high in the 416x area without really pushing higher (maybe a pip or two). At close of green candle that bounced off the 10EMA, you could've safely taken it short and ridden from 415x down to 4100.

Did I win a prize?
The button goes to you! As long as the 15m pin is not taken out, meaning a close of another 15m candle above it, it's still in play.
Just digging in the trenches like everyone else!
  • #982
  • Mar 4, 2009 1:35pm Mar 4, 2009 1:35pm
Quoting nyjetfan
For anyone trying to understand the recent trade around the 62EMA - have a scroll back to posts 36 and 37, as I think they discuss the 62EMA trade in some additional details.
Thanks, I just (re)read it. So a close of the candle with a small wick.
  • #983
  • Mar 4, 2009 1:36pm Mar 4, 2009 1:36pm
Quoting nyjetfan
I think I'm following it, so I'll take a shot.

After the first spike into 416x, we had two bearish candles, the second bounced off the 10EMA (on 15m) and then went up and only retested the high in the 416x area without really pushing higher (maybe a pip or two). At close of green candle that bounced off the 10EMA, you could've safely taken it short and ridden from 415x down to 4100.

Did I win a prize?
Patience + Discipline - Greed = Success
  • #984
  • Mar 4, 2009 1:37pm Mar 4, 2009 1:37pm
Quoting Infinity
Here's a short explanation by diagram...
Thanks for adding the visual bro!

If you guys remember, I said shorts positions going up the wick of the candle would be good positions to grab. So, if you missed getting in right away, PATIENCE, she'll come back up for an opportunity for you to get in. Don't chase the pippage, let the pippage come to you. So, if you took the short either near the top of the wick or middle of the wick, the SL is still 25 pips higher than the wick itself.
Just digging in the trenches like everyone else!
  • #985
  • Mar 4, 2009 1:38pm Mar 4, 2009 1:38pm
I tell you ..this is some crazy awesome stuff here...thanks for all your insight and wisdom that you contribute so unselfish..may your pockets prosper hundred and hundred and hundred fold !!!
  • #986
  • Mar 4, 2009 1:38pm Mar 4, 2009 1:38pm
Quoting eohater
Did you close and reverse? The channel just smacked her in the ass!
No.. I just took a 10 pip quickie scalp...

Waiting on the next hr close for another position.
Patience + Discipline - Greed = Success
  • #987
  • Mar 4, 2009 1:40pm Mar 4, 2009 1:40pm
Quoting rt4x
I tell you ..this is some crazy awesome stuff here...thanks for all your insight and wisdom that you contribute so unselfish..may your pockets prosper hundred and hundred and hundred fold !!!
Everyone seems to be out there to sell their system, method or some other bullshit. If their method, system or whatever is that good, then they don't need to sell it. Share it and it will come back 10 fold in many ways. I don't share how I trade for anything more than the enjoyment of seeing others make positive pippage.
Just digging in the trenches like everyone else!
  • #988
  • Mar 4, 2009 1:40pm Mar 4, 2009 1:40pm
Quoting eohater
WAIT A MINUTE! We're talking about two different setups here. I'm talking about the 15m cross of the 35/50. Your talking about the 1h 62. The 1h 62 is one that I will take on the first touch without much else to confirm. After she's touched her once during the day, I'm going to watch PA for an entry.
Okay thanks. Your post on the setup here: http://www.forexfactory.com/showpost...7&postcount=36

says about a close with a small wick, but also that sometimes it just runs up to it and straight off. I'll demo both methods.

Thanks again
  • #989
  • Mar 4, 2009 1:41pm Mar 4, 2009 1:41pm
Quoting Infinity
No.. I just took a 10 pip quickie scalp...

Waiting on the next hr close for another position.
I still have some soldiers marching long, their covered nice and green, but could see the 4200 area we looked at earlier.
Just digging in the trenches like everyone else!
  • #990
  • Mar 4, 2009 1:42pm Mar 4, 2009 1:42pm
Quoting pmn100
Okay thanks. Your post on the setup here: http://www.forexfactory.com/showpost...7&postcount=36

says about a close with a small wick, but also that sometimes it just runs up to it and straight off. I'll demo both methods.

Thanks again
The close with a small wick is for when she touches it more than once in a day. If it's her first run to it, I don't have a problem taking the position against the grain without confirmation of PA.
Just digging in the trenches like everyone else!
  • #991
  • Mar 4, 2009 1:43pm Mar 4, 2009 1:43pm
Quoting eohater
Everyone seems to be out there to sell their system, method or some other bullshit. If their method, system or whatever is that good, then they don't need to sell it. Share it and it will come back 10 fold in many ways. I don't share how I trade for anything more than the enjoyment of seeing others make positive pippage.
Patience + Discipline - Greed = Success
  • #992
  • Mar 4, 2009 1:43pm Mar 4, 2009 1:43pm
Quoting eohater
The close with a small wick is for when she touches it more than once in a day. If it's her first run to it, I don't have a problem taking the position against the grain without confirmation of PA.
  • #993
  • Mar 4, 2009 1:44pm Mar 4, 2009 1:44pm
Quoting eohater
I still have some soldiers marching long, their covered nice and green, but could see the 4200 area we looked at earlier.
I think it is very possible... especially with today being triple interest day...
Patience + Discipline - Greed = Success
  • #994
  • Mar 4, 2009 1:46pm Mar 4, 2009 1:46pm
Quoting Infinity
I think it is very possible... especially with today being triple interest day...
2nd TP jut hit for 4155. I have one more solider left. Let's see how the 15m pin holds up, we get a close above it, then I feel confident in the 4200 area.
Just digging in the trenches like everyone else!
  • #995
  • Mar 4, 2009 1:46pm Mar 4, 2009 1:46pm
Quoting Infinity
I think it is very possible... especially with today being triple interest day...
Thank you for the reminder!!
Just digging in the trenches like everyone else!
  • #996
  • Mar 4, 2009 1:47pm Mar 4, 2009 1:47pm
Quoting eohater
2nd TP jut hit for 4155. I have one more solider left. Let's see how the 15m pin holds up, we get a close above it, then I feel confident in the 4200 area.
Great job bro! Let's see if the pin will be taken out...
Patience + Discipline - Greed = Success
  • #997
  • Mar 4, 2009 1:48pm Mar 4, 2009 1:48pm
Look at the sellers playing off the prior PA.
Just digging in the trenches like everyone else!
  • #998
  • Mar 4, 2009 1:49pm Mar 4, 2009 1:49pm
Quoting Infinity
Great job bro! Let's see if the pin will be taken out...
11m and h4 closes. If the pin isn't taken out, great R:R I would say for a short. Looking at how the h4 is going to close. NY h4 closes in 1h 11m.
Just digging in the trenches like everyone else!
  • #999
  • Mar 4, 2009 1:51pm Mar 4, 2009 1:51pm
I'm noticing the 4h that closes in 1h 10m is shaping up for a hangman. If 417x holds, better yet, the pin on the 15m holds, we'll have a nice short opportunity.
Just digging in the trenches like everyone else!
  • #1,000
  • Mar 4, 2009 1:51pm Mar 4, 2009 1:51pm
Quoting eohater
Thank you for the reminder!!
Is it possible to expect big drop after 5pm?
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