Trade what you see NOT what you expect | Page 153 | Forex Factory

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Trade what you see NOT what you expect

  • #3,041
  • Mar 19, 2009 8:29am Mar 19, 2009 8:29am
Good morning everyone! I see the thread has been active and I hope your trades have been green.
Just digging in the trenches like everyone else!
  • #3,042
  • Mar 19, 2009 8:35am Mar 19, 2009 8:35am
Quoting ezodisy
I wonder if wormboy acquired a buy button yet. lol
I hope alot of people found their buy button. Don't get me wrong, she'll still go down, but the dollar is getting an ass whipping.
Just digging in the trenches like everyone else!
  • #3,043
  • Mar 19, 2009 8:37am Mar 19, 2009 8:37am
Quoting ezmystic
did anyone go long earlier today? You are laughing if you have eh?
I did! Had long positions from 4200 that closed out at 4500.
Just digging in the trenches like everyone else!
  • #3,044
  • Mar 19, 2009 8:37am Mar 19, 2009 8:37am
Quoting eohater
I hope alot of people found their buy button. Don't get me wrong, she'll still go down, but the dollar is getting an ass whipping.
Morning Eo what do you think about the move then, reckon its sustainable? Im looking to add more longs on tomorrow if we get positive consolidation!
  • #3,045
  • Mar 19, 2009 8:39am Mar 19, 2009 8:39am
Quoting PipLand
Morning Eo what do you think about the move then, reckon its sustainable? Im looking to add more longs on tomorrow if we get positive consolidation!
Well, you know how I roll bro! It moves both ways for me. So, do I see the overall for a position trade to be long, yes, I do at this point. The weekly candle I posted yesterday suggests it, the month chart suggests it. But we have a shitload of resistance to pound through. It's never as a crow flies..
Just digging in the trenches like everyone else!
  • #3,046
  • Mar 19, 2009 8:42am Mar 19, 2009 8:42am
Quoting eohater
I did! Had long positions from 4200 that closed out at 4500.
Excellent trade bro!

I had longs at 4170 but I closed most of it at 4240 before going to bed and just had a small amount running that I closed a few minutes ago at 4550... I should have left more on it because this move was very very clear... but I'm not complaining at all...

I'm wondering if we have a major reversal in the works...
Patience + Discipline - Greed = Success
  • #3,047
  • Mar 19, 2009 8:44am Mar 19, 2009 8:44am
I might break my sell button for the day.. and just look for longs..

That I am....
Good Trading To All ; Ken Lee
  • #3,048
  • Mar 19, 2009 8:45am Mar 19, 2009 8:45am
Quoting eohater
Well, you know how I roll bro! It moves both ways for me. So, do I see the overall for a position trade to be long, yes, I do at this point. The weekly candle I posted yesterday suggests it, the month chart suggests it. But we have a shitload of resistance to pound through. It's never as a crow flies..
Thanks for the input EO.

Think i'll keep these longs on the table add some more tomorrow if it looks good and use my other account for the other side.
  • #3,049
  • Mar 19, 2009 8:47am Mar 19, 2009 8:47am
I really want to sell this soon! Anybody seeing it also?
  • #3,050
  • Mar 19, 2009 8:47am Mar 19, 2009 8:47am
Ive posted this in the cable thread but not sure if everyone watches that too, might be of interest.

ps. if this type of stuff is clogging up your thread EO let me know

COT data

released 30 mins ago

Source DailyFX

http://www.dailyfx.com/export/sites/...09-03-19_4.gif

GBPUSD – Increasingly indecisive British Pound/US Dollar positioning has left our forex trading strategies effectively flat the GBP/USD. The ratio of long to short positions in the GBPUSD stands at 1.02 as nearly 51% of traders are long. Yesterday, the ratio was at 1.47 as 60% of open positions were long. In detail, long positions are 25.9% lower than yesterday and 16.0% stronger since last week. Short positions are 6.5% higher than yesterday and 28.4% stronger since last week. Open interest is 12.8% weaker than yesterday and 29.0% above its monthly average. The jump in short interest and a wave of profit taking on longs suggests that the GBP/USD may continue to rally through near-term trade.
  • #3,051
  • Mar 19, 2009 8:49am Mar 19, 2009 8:49am
Quoting Shilva
I really want to sell this soon! Anybody seeing it also?
Well, as I mentioned earlier..she just touched the daily 100sma....has not happened in a while ???!!!

However...if she closes above that daily channel today....UP it is..
  • #3,052
  • Mar 19, 2009 8:53am Mar 19, 2009 8:53am
Quoting Shilva
I really want to sell this soon! Anybody seeing it also?
Already did, I'm short from 4540. Nice hangman on the 15m chart led me into the position.
Just digging in the trenches like everyone else!
  • #3,053
  • Mar 19, 2009 8:54am Mar 19, 2009 8:54am
Quoting Infinity
Excellent trade bro!

I had longs at 4170 but I closed most of it at 4240 before going to bed and just had a small amount running that I closed a few minutes ago at 4550... I should have left more on it because this move was very very clear... but I'm not complaining at all...

I'm wondering if we have a major reversal in the works...
Excellent trading yourself bro! The long from last night was within 30m of getting home and the short this morning I took was within 15m of getting to the office. Gotta love it when you trust the setups and ignore the noise.
Just digging in the trenches like everyone else!
  • #3,054
  • Mar 19, 2009 8:55am Mar 19, 2009 8:55am
Quoting KENNETH lEE
I might break my sell button for the day.. and just look for longs..

That I am....

Being a have to learn to walk before I can fly.

ps. Did scrap together over 200 yesterday and asia..

Thanks EO and everyone. Love this thread..
Good Trading To All ; Ken Lee
  • #3,055
  • Mar 19, 2009 8:55am Mar 19, 2009 8:55am
We might get a nice pin on the h1. 5m to close. I'll be adding to my short position should we get it.
Just digging in the trenches like everyone else!
  • #3,056
  • Mar 19, 2009 8:55am Mar 19, 2009 8:55am
Quoting eohater
Already did, I'm short from 4540. Nice hangman on the 15m chart led me into the position.
I sold at the hangman about 45 minutes prior to that one and got stopped at b/e. I'm not sure if that counted as a valid hangman? Unfortunately I missed the one just now, would have taken it otherwise.
  • #3,057
  • Mar 19, 2009 8:57am Mar 19, 2009 8:57am
Quoting KENNETH lEE
I might break my sell button for the day.. and just look for longs..

That I am....
DON'T YOU DARE!
Just digging in the trenches like everyone else!
  • #3,058
  • Mar 19, 2009 8:58am Mar 19, 2009 8:58am
I'm drooling over this h1. Give it to us baby!!!
Just digging in the trenches like everyone else!
  • #3,059
  • Mar 19, 2009 9:00am Mar 19, 2009 9:00am
Quoting eohater
Already did, I'm short from 4540. Nice hangman on the 15m chart led me into the position.
Yeah, thats my problem EO...when it hit 4550 i was thinking i should sell it now but let me wait a few and see! Hesitation and indecision is killing me.

Now i have to wait and see if i can catch a bounce.

Your machine like attitude is what I am working on.
  • #3,060
  • Mar 19, 2009 9:00am Mar 19, 2009 9:00am
Quoting ezodisy
I sold at the hangman about 45 minutes prior to that one and got stopped at b/e. I'm not sure if that counted as a valid hangman? Unfortunately I missed the one just now, would have taken it otherwise.
If it's the candle I'm looking at, then no, it was not a valid hangman. We want the prior candle to be a full body with small wick. The prior candle to what you thought was a hangman had an equal body to wick.
Just digging in the trenches like everyone else!
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