Trade what you see NOT what you expect | Page 68 | Forex Factory

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Trade what you see NOT what you expect

  • #1,341
  • Mar 10, 2009 8:30am Mar 10, 2009 8:30am
EO,
Goodmorning,

Can you explain how PA works?.

I am a bit confused.
If you can post a chart explaining, that would be great..

Thanks
Chris
  • #1,342
  • Mar 10, 2009 8:32am Mar 10, 2009 8:32am
Hey EO,

Were in a (slightly upwards) ping-pong move. :-)

At 11:00 GMT there was a nice (out of the book '35&50MA crossover without wick') trade.

Werner.
  • #1,343
  • Mar 10, 2009 8:32am Mar 10, 2009 8:32am
Quoting chrismarkfx
EO,
Goodmorning,

Can you explain how PA works?.

I am a bit confused.
If you can post a chart explaining, that would be great..

Thanks
Chris
Chris, I've posted numerous charts showing various PA setups. Please go back through the thread and you will see them. We are working on a pdf file that brings alot of the information together that will be released either the end of this week or the first of next week.
Just digging in the trenches like everyone else!
  • #1,344
  • Mar 10, 2009 8:35am Mar 10, 2009 8:35am
Quoting chrismarkfx
EO,
Goodmorning,

Can you explain how PA works?.

I am a bit confused.
If you can post a chart explaining, that would be great..

Thanks
Chris
there are certain candles which indicate that the market is likely to change direction so you jump on in that direction, I think eo posted a pdf you can download somewhere back around pge 30 something I think, it tells you some basic pa candles and setups.
please DON'T copy my trades I am still learning
  • #1,345
  • Mar 10, 2009 8:37am Mar 10, 2009 8:37am
Quoting ezmystic
there are certain candles which indicate that the market is likely to change direction so you jump on in that direction, I think eo posted a pdf you can download somewhere back around pge 30 something I think, it tells you some basic pa candles and setups.
I did post a pdf showing candle patterns. Here it is again.
Attached File(s)
File Type: pdf CandlePatterns.pdf   471 KB | 466 downloads
Just digging in the trenches like everyone else!
  • #1,346
  • Mar 10, 2009 8:38am Mar 10, 2009 8:38am
Quoting ezmystic
there are certain candles which indicate that the market is likely to change direction so you jump on in that direction, I think eo posted a pdf you can download somewhere back around pge 30 something I think, it tells you some basic pa candles and setups.


Thanks, I will look it up..
  • #1,347
  • Mar 10, 2009 8:45am Mar 10, 2009 8:45am
Quoting Vourvoul
Hello everyone,

Thank you EO for keeping up with this helpful thread. Since the discussion came up regarding candlestick patterns, I would also like to share with you an ebook collection by the man I consider an authority on candlestick patterns, Steve Nison.

http://www.pdf-search-engine.com/steve-nison-pdf.html

Whatever method we use to trade, price action should confirm our entries (and why not, exits) so as to have a high probability trade.Please bear in mind that the location (i.e price range) where these patterns take place...
Chris, you will find this helpful as well.
Just digging in the trenches like everyone else!
  • #1,348
  • Mar 10, 2009 8:50am Mar 10, 2009 8:50am
Quoting eohater
Anyone holding a position currently? I still have 2 open longs from 3826. Break of 3900 will lead us to 395x. Break of 395x will lead us to 404x, then 4100
not currently holding a position, looked at short from last highest peak on 15m, but didn't take it cos wasn't sure
please DON'T copy my trades I am still learning
  • #1,349
  • Mar 10, 2009 8:57am Mar 10, 2009 8:57am
Quoting ezmystic
not currently holding a position, looked at short from last highest peak on 15m, but didn't take it cos wasn't sure
Nothing wrong with not taking a trade if your unsure. There will always be another trade to be had. I'm waiting for the short squeeze here. I would love to see all the SL on shorts get hit and send her to my targets.
Just digging in the trenches like everyone else!
  • #1,350
  • Mar 10, 2009 9:02am Mar 10, 2009 9:02am
Last 1h close was indecisive.
Just digging in the trenches like everyone else!
  • #1,351
  • Mar 10, 2009 9:07am Mar 10, 2009 9:07am
Quoting eohater
Last 1h close was indecisive.
Morning, Eo
I am also waiting for good short. I am not sure it will clearly break 39xx again.
What area are you expecting to short from? My target is around 3890. It's below 61.8 fib.
  • #1,352
  • Mar 10, 2009 9:08am Mar 10, 2009 9:08am
Quoting eohater
Nothing wrong with not taking a trade if your unsure. There will always be another trade to be had. I'm waiting for the short squeeze here. I would love to see all the SL on shorts get hit and send her to my targets.
patience, patience , patience

always learning to be patient, you're right always another trade to be had, I was out yesterday and missed the drop, but it's fine cos there is always more opps
please DON'T copy my trades I am still learning
  • #1,353
  • Mar 10, 2009 9:09am Mar 10, 2009 9:09am
Quoting Komissar
Morning, Eo
I am also waiting for good short. I am not sure it will clearly break 39xx again.
What area are you expecting to short from? My target is around 3890. It's below 61.8 fib.
I'm not expecting to short. I don't expect anything. I'm holding longs currently and targeting 3950, 404x, 4100.
Just digging in the trenches like everyone else!
  • #1,354
  • Mar 10, 2009 9:11am Mar 10, 2009 9:11am
Quoting ezmystic
patience, patience , patience

always learning to be patient, you're right always another trade to be had, I was out yesterday and missed the drop, but it's fine cos there is always more opps
I didn't get the drop either, my ass was wore out from the weekend. I didn't even open my platform until the US Session.
Just digging in the trenches like everyone else!
  • #1,355
  • Mar 10, 2009 9:13am Mar 10, 2009 9:13am
Just bagged me 40pips on that last move.

You got to love it when a plan comes together.

Didn't that guy from the A-team used to say that? Hehe.
  • #1,356
  • Mar 10, 2009 9:14am Mar 10, 2009 9:14am
I would like to see us close on the 15m above 3900 on an upcoming candle. The one working would be nice, but I don't think we'll get it in the next 2m.
Just digging in the trenches like everyone else!
  • #1,357
  • Mar 10, 2009 9:15am Mar 10, 2009 9:15am
Quoting dariuske
Just bagged me 40pips on that last move.

You got to love it when a plan comes together.

Didn't that guy from the A-team used to say that? Hehe.
Good job!

BTW: The Doors were awesome!
Just digging in the trenches like everyone else!
  • #1,358
  • Mar 10, 2009 9:20am Mar 10, 2009 9:20am
I understand you are holding long trades. But as the price hasn't visited the 62 ema on the 1 hr recentlly. Would you not take the immediate short off the touch of it. ? Just wondering ... Ken
Good Trading To All ; Ken Lee
  • #1,359
  • Mar 10, 2009 9:21am Mar 10, 2009 9:21am
Yes they were!
  • #1,360
  • Mar 10, 2009 9:24am Mar 10, 2009 9:24am
Quoting KENNETH lEE
I understand you are holding long trades. But as the price hasn't visited the 62 ema on the 1 hr recentlly. Would you not take the immediate short off the touch of it. ? Just wondering ... Ken
Being where my position is at, I will not. The 3900 level is strong resistance and 3950 is just 50 pips higher. I will be taking some profit off at 3950, but I will wait for PA before I close out and reverse my position. We've been ranging for the past couple of hours, if she breaks north with a short squeeze, all the SL on shorts will push her through the 1h 62 pretty fast. I will be watching the PA on the 15m and 1h chart for the close and reverse position at 3950. The 15m 200sma is near the same price as the 1h 62.
Just digging in the trenches like everyone else!
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