Trade what you see NOT what you expect | Page 122 | Forex Factory

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Trade what you see NOT what you expect

  • #2,421
  • Mar 17, 2009 9:12am Mar 17, 2009 9:12am
cheers EO. I like to buy/sell at the 1h 5sma often. I'm not sure if you scale down to the 5m chart (the lowest I go, though usually 15m), but I've found that if the 1h 5sma and 5m 50ema are around the same level, it acts as really good resistance/support usually.
  • #2,422
  • Mar 17, 2009 9:14am Mar 17, 2009 9:14am
Quoting ezodisy
cheers EO. I like to buy/sell at the 1h 5sma often. I'm not sure if you scale down to the 5m chart (the lowest I go, though usually 15m), but I've found that if the 1h 5sma and 5m 50ema are around the same level, it acts as really good resistance/support usually.
I don't look at the 5m. It looks too much like an EKG reading to me. Your right though about the ma's on different time frames lining up with one aother for good support/resistance.
Just digging in the trenches like everyone else!
  • #2,423
  • Mar 17, 2009 9:14am Mar 17, 2009 9:14am
Quoting wormboy
You guessed right brother.
All right eo? got yours yet bro?
Where you short from brother?
Just digging in the trenches like everyone else!
  • #2,424
  • Mar 17, 2009 9:24am Mar 17, 2009 9:24am
Quoting eohater
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.

Goodmorning EO,
Shouldn't we be looking to go long?. On the 1H, there is a doji and two candles have hit the 200SMA.

Appreciate your thoughts...

Chris
  • #2,425
  • Mar 17, 2009 9:27am Mar 17, 2009 9:27am
Quoting chrismarkfx
Goodmorning EO,
Shouldn't we be looking to go long?. On the 1H, there is a doji and two candles have hit the 200SMA.

Appreciate your thoughts...

Chris
Yeah! Longs off the h1 are in play. I've played it now twice myself. She's stalling between the 15m 21/10 atm though. Becareful buying at this price.
Just digging in the trenches like everyone else!
  • #2,426
  • Mar 17, 2009 9:31am Mar 17, 2009 9:31am
I took the 1 hr 62 ema bounce at 4 this morning for 30 pips and rode the short off of the long pin bar on the 15m for almost 100. It was good to get up early this morning.
  • #2,427
  • Mar 17, 2009 9:32am Mar 17, 2009 9:32am
Quoting eohater
Yeah! Longs off the h1 are in play. I've played it now twice myself. She's stalling between the 15m 21/10 atm though. Becareful buying at this price.
Here's something on the daily I was eyeing....
Attached Image (click to enlarge)
Click to Enlarge Name: day.gif Size: 21 KB
Patience + Discipline - Greed = Success
  • #2,428
  • Mar 17, 2009 9:33am Mar 17, 2009 9:33am
Quoting eohater
Where you short from brother?
4138 (yesterday) & 4093 (today) bro. took 75% out on both & letting the rest run
Thank You
  • #2,429
  • Mar 17, 2009 9:35am Mar 17, 2009 9:35am
Quoting wormboy
4138 (yesterday) & 4093 (today) bro. took 75% out on both & letting the rest run
Nice positions bro! Glad to see you've taken profit out of both of them.
Just digging in the trenches like everyone else!
  • #2,430
  • Mar 17, 2009 9:36am Mar 17, 2009 9:36am
Quoting Infinity
Here's something on the daily I was eyeing....
Now that's interesting! Morning bro!
Just digging in the trenches like everyone else!
  • #2,431
  • Mar 17, 2009 9:36am Mar 17, 2009 9:36am
Quoting wormboy
4138 (yesterday) & 4093 (today) bro. took 75% out on both & letting the rest run
Your buy button is truly broken...

Good job!!
Patience + Discipline - Greed = Success
  • #2,432
  • Mar 17, 2009 9:37am Mar 17, 2009 9:37am
Quoting PippiNole
I took the 1 hr 62 ema bounce at 4 this morning for 30 pips and rode the short off of the long pin bar on the 15m for almost 100. It was good to get up early this morning.
Good job!
Just digging in the trenches like everyone else!
  • #2,433
  • Mar 17, 2009 9:42am Mar 17, 2009 9:42am
Thanks EO. I didn't know anything about the 62 ema trade until a few weeks ago but because of you I have put several pips in my pocket. Thanks again and if you are ever in N. Fl. I'll definitely buy you a drink or 10.
  • #2,434
  • Mar 17, 2009 9:44am Mar 17, 2009 9:44am
Quoting eohater
Now that's interesting! Morning bro!
Morning ...

I'm also watching these lines on the h1... I went long off 3970 because of the trendline earlier and was looking for the 62ema but I closed that trade for 35 pips... I think if we break that line the next area will be possibly 3850ish... though 3900 should be tough as well...
Attached Image
Patience + Discipline - Greed = Success
  • #2,435
  • Mar 17, 2009 9:47am Mar 17, 2009 9:47am
Quoting Infinity
Your buy button is truly broken...

Good job!!
I was wondering where eo left his evil half
What's up brother.. all good?
Thank You
  • #2,436
  • Mar 17, 2009 9:51am Mar 17, 2009 9:51am
Quoting Infinity
Morning ...

I'm also watching these lines on the h1... I went long off 3970 because of the trendline earlier and was looking for the 62ema but I closed that trade for 35 pips... I think if we break that line the next area will be possibly 3850ish... though 3900 should be tough as well...
Agreed bro! I took the same long as you did! Nice job! Here comes the h1 62ema
Just digging in the trenches like everyone else!
  • #2,437
  • Mar 17, 2009 9:51am Mar 17, 2009 9:51am
Here's another scenario I'm looking at ....

If this current h4 candle closes above the 50ema... I'll be buying again...

I'm going on the road now so I have no trades open... I'll be back in a few...
Good luck to all...
Attached Image
Patience + Discipline - Greed = Success
  • #2,438
  • Mar 17, 2009 9:52am Mar 17, 2009 9:52am
Quoting Infinity
Here's another scenario I'm looking at ....

If this current h4 candle closes above the 50ema... I'll be buying again...

I'm going on the road now so I have no trades open... I'll be back in a few...
Good luck to all...
Have a good one on the road bro! I have a meeting myself in the next 30 min.
Just digging in the trenches like everyone else!
  • #2,439
  • Mar 17, 2009 9:53am Mar 17, 2009 9:53am
Quoting wormboy
I was wondering where eo left his evil half
What's up brother.. all good?
Yeah man! I trading her up and down as usual......I hope all is well with you too bro!
Patience + Discipline - Greed = Success
  • #2,440
  • Mar 17, 2009 9:55am Mar 17, 2009 9:55am
Quoting eohater
Agreed bro! I took the same long as you did! Nice job! Here comes the h1 62ema
Excellent bro!
Quoting eohater
Have a good one on the road bro! I have a meeting myself in the next 30 min.
Have a good one yourself bro! Talk to you later...
Patience + Discipline - Greed = Success
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