Trade what you see NOT what you expect | Page 121 | Forex Factory

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Trade what you see NOT what you expect

  • #2,401
  • Mar 17, 2009 8:52am Mar 17, 2009 8:52am
Quoting davids
EO

Do you have any thoughts on the FOMC Statement tomorrow or this not something you look at.

Reading various websites today there is a feeling that as the recession is not going to be as bad as originally thought there is a bias towards countries moving their currencies out of dollars, not that should affect us as we trade what we see.
I don't worry about the fundamentals my friend. Only the charts. I will be sure that if I'm in a position when the news comes out that I'm covered. Ideally, if I'm not in a trade, I don't want to get in one during the release of news. Infinity has a good rule of 30m to live by on this.
Just digging in the trenches like everyone else!
  • #2,402
  • Mar 17, 2009 8:52am Mar 17, 2009 8:52am
EO did you take the ride down this morning after the long pin bar?
  • #2,403
  • Mar 17, 2009 8:53am Mar 17, 2009 8:53am
Quoting eohater
I don't worry about the fundamentals my friend. Only the charts. I will be sure that if I'm in a position when the news comes out that I'm covered. Ideally, if I'm not in a trade, I don't want to get in one during the release of news. Infinity has a good rule of 30m to live by on this.
Good advice

Cheers Mate
  • #2,404
  • Mar 17, 2009 8:54am Mar 17, 2009 8:54am
Quoting eohater
Good job on your 20, but did you take the short off the candle I circled?
nope, not on the pin bar, but the first one following the breakthrough.
  • #2,405
  • Mar 17, 2009 8:54am Mar 17, 2009 8:54am
Short position has been BE out. I'm still favoring the long position I had. The h1 is closing with tweezer bottoms (matching lows if you will) It's setting up for the long move in my eyes.
Just digging in the trenches like everyone else!
  • #2,406
  • Mar 17, 2009 8:56am Mar 17, 2009 8:56am
Quoting dariuske
nope, not on the pin bar, but the first one following the breakthrough.
The first one closing through and back against the grain was a nice trade. The one I had circled would have been nice as well, now that you see the results. With such a high upper wick and small body, she was begging for you to short her ass on the next candle. Candles like that can be entered with a portion on the opening of the candle, another portion in the middle of the upper wick and SL on both positions on the other side of the wick.
Just digging in the trenches like everyone else!
  • #2,407
  • Mar 17, 2009 8:57am Mar 17, 2009 8:57am
Quoting PippiNole
EO did you take the ride down this morning after the long pin bar?
Nope! I missed the fun ride myself by 30 min.
Just digging in the trenches like everyone else!
  • #2,408
  • Mar 17, 2009 8:58am Mar 17, 2009 8:58am
hi guys . Now stop smiling and gimme your pips
Thank You
  • #2,409
  • Mar 17, 2009 8:58am Mar 17, 2009 8:58am
Quoting eohater
Short position has been BE out. I'm still favoring the long position I had. The h1 is closing with tweezer bottoms (matching lows if you will) It's setting up for the long move in my eyes.
Morning, EO
About BE. Are you putting BE ASAP?
  • #2,410
  • Mar 17, 2009 8:59am Mar 17, 2009 8:59am
Quoting eohater
The first one closing through and back against the grain was a nice trade. The one I had circled would have been nice as well, now that you see the results. With such a high upper wick and small body, she was begging for you to short her ass on the next candle. Candles like that can be entered with a portion on the opening of the candle, another portion in the middle of the upper wick and SL on both positions on the other side of the wick.
Thx for the advice!
  • #2,411
  • Mar 17, 2009 8:59am Mar 17, 2009 8:59am
Quoting wormboy
hi guys . Now stop smiling and gimme your pips
Wormboy! I'm not going to give you my pips. Let me guess, your short and staying short.
Just digging in the trenches like everyone else!
  • #2,412
  • Mar 17, 2009 9:00am Mar 17, 2009 9:00am
Quoting eohater
Candles like that can be entered with a portion on the opening of the candle, another portion in the middle of the upper wick and SL on both positions on the other side of the wick.
nice money management
  • #2,413
  • Mar 17, 2009 9:00am Mar 17, 2009 9:00am
Quoting Komissar
Morning, EO
About BE. Are you putting BE ASAP?
Sometimes I do, other times I'll get two candles into the trade. It's a feeling I have as to going to BE ASAP or letting her breathe.
Just digging in the trenches like everyone else!
  • #2,414
  • Mar 17, 2009 9:01am Mar 17, 2009 9:01am
h1 closed for long positions. I have one open at 3990.
Just digging in the trenches like everyone else!
  • #2,415
  • Mar 17, 2009 9:01am Mar 17, 2009 9:01am
afternoon or morning all, just got on, that last 1hr close looks to me like longs do youthink?
please DON'T copy my trades I am still learning
  • #2,416
  • Mar 17, 2009 9:02am Mar 17, 2009 9:02am
Quoting ezodisy
nice money management
I find it does help to treat them this way. You need to keep soldiers available for the battle. We can march them all at once everytime.
Just digging in the trenches like everyone else!
  • #2,417
  • Mar 17, 2009 9:03am Mar 17, 2009 9:03am
Quoting eohater
Wormboy! I'm not going to give you my pips. Let me guess, your short and staying short.
You guessed right brother.
All right eo? got yours yet bro?
Thank You
  • #2,418
  • Mar 17, 2009 9:03am Mar 17, 2009 9:03am
EO do you have in mind a short off the 1h 62ema as we've crossed underneath it?
  • #2,419
  • Mar 17, 2009 9:04am Mar 17, 2009 9:04am
Quoting eohater
h1 closed for long positions. I have one open at 3990.
Taken 20 off, now at BE on the rest.
Just digging in the trenches like everyone else!
  • #2,420
  • Mar 17, 2009 9:08am Mar 17, 2009 9:08am
Quoting ezodisy
EO do you have in mind a short off the 1h 62ema as we've crossed underneath it?
I do have that in mind! Really kinda eyeballing the 50sma on the h1 though. It falls in the line with the 15m 50ema and some prior PA on the 15m. Need to get there first. She's starting to stall.
Just digging in the trenches like everyone else!
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