Trade what you see NOT what you expect | Page 163 | Forex Factory

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Trade what you see NOT what you expect

  • #3,241
  • Edited 3:26am Mar 20, 2009 3:22am | Edited 3:26am
Is anyone looking to fade this M15 35/50 level at 14500?
Ride the Bulls bearback!
  • #3,242
  • Mar 20, 2009 3:27am Mar 20, 2009 3:27am
Quoting alcando
Is anyone looking to fade this M15 35/50 level at 15000?
At open of current 15m candle there was a long entry based upon 35/50MA cross with small wick (reverse when you see that). I can say I am not in a position and don't think I'll trade much today as that "day job" thing seems to be getting in the way today..

See attached chart - long red candle closed through 35/50MA. Looking at the chart there's definitely a short bias here, so *IF* you take one of these trades, you have to be prepared to cover quickly.
Attached Image (click to enlarge)
Click to Enlarge Name: 15-35ma cross-smallwick.gif Size: 23 KB
  • #3,243
  • Mar 20, 2009 3:38am Mar 20, 2009 3:38am
here you go ny. The way the 4h closed (same as my 1h) looked a sell as it seemed exhausted and closed underneath yesterday's high
Attached Image (click to enlarge)
Click to Enlarge Name: cable.JPG Size: 135 KB
  • #3,244
  • Mar 20, 2009 3:43am Mar 20, 2009 3:43am
Thanks. I waited and shorted the slapper.


Quoting nyjetfan
At open of current 15m candle there was a long entry based upon 35/50MA cross with small wick (reverse when you see that). I can say I am not in a position and don't think I'll trade much today as that "day job" thing seems to be getting in the way today..

See attached chart - long red candle closed through 35/50MA. Looking at the chart there's definitely a short bias here, so *IF* you take one of these trades, you have to be prepared to cover quickly.
Ride the Bulls bearback!
  • #3,245
  • Mar 20, 2009 3:43am Mar 20, 2009 3:43am
it could be. today is TP day.
i don't think there is a lot of investors let it run its good weekly profits into the weekend. One week ago, even in tuesday we've been talking about the 1.35 again, and suddenly obama talks and then, a big fundamental move in reaction to that been happened...
i think technically we've been move down very soon (imho), because a correction is needed...
2 times try to cross the 1.46, in the second not even reach the 1º high.
  • #3,246
  • Mar 20, 2009 3:46am Mar 20, 2009 3:46am
I am targeting 4360/4320 area for longs where the 1h 50/62ema and a trendline from 18 March exist
  • #3,247
  • Mar 20, 2009 3:57am Mar 20, 2009 3:57am
That 4360/4320 long target also coincides with a retest on my daily of the broken resistance line. Let's see how it plays out.
  • #3,248
  • Mar 20, 2009 3:57am Mar 20, 2009 3:57am
That would co-incide nicely with Wednesdays high

Quoting ezodisy
I am targeting 4360/4320 area for longs where the 1h 50/62ema and a trendline from 18 March exist
Ride the Bulls bearback!
  • #3,249
  • Mar 20, 2009 3:59am Mar 20, 2009 3:59am
took a short off that 15min pin and got stopped out +60 anyone want to see the chart?
please DON'T copy my trades I am still learning
  • #3,250
  • Mar 20, 2009 4:01am Mar 20, 2009 4:01am
my daily, going for a retest of those lines I think
Attached Image (click to enlarge)
Click to Enlarge Name: daily.JPG Size: 143 KB
  • #3,251
  • Mar 20, 2009 4:27am Mar 20, 2009 4:27am
Quoting ezmystic
took a short off that 15min pin and got stopped out +60 anyone want to see the chart?
Sure, let's see it.
  • #3,252
  • Mar 20, 2009 4:41am Mar 20, 2009 4:41am
Quoting nyjetfan
Sure, let's see it.
here you go...
Attached Image (click to enlarge)
Click to Enlarge Name: chart 9.JPG Size: 101 KB
please DON'T copy my trades I am still learning
  • #3,253
  • Mar 20, 2009 5:16am Mar 20, 2009 5:16am
Quoting ezmystic
took a short off that 15min pin and got stopped out +60 anyone want to see the chart?
So you didn't get "STOPPED OUT" your profit target was hit.. And here I was feeling sorry for you !! Great trade...
Good Trading To All ; Ken Lee
  • #3,254
  • Mar 20, 2009 5:18am Mar 20, 2009 5:18am
Quoting KENNETH lEE
So you didn't get "STOPPED OUT" your profit target was hit.. And here I was feeling sorry for you !! Great trade...
Well I tend to not feel too bad even if you do get "STOPPED OUT" at +60..
  • #3,255
  • Mar 20, 2009 5:20am Mar 20, 2009 5:20am
Quoting KENNETH lEE
So you didn't get "STOPPED OUT" your profit target was hit.. And here I was feeling sorry for you !! Great trade...
yeah sorry bud phrased it wromg, TP hit
please DON'T copy my trades I am still learning
  • #3,256
  • Mar 20, 2009 5:25am Mar 20, 2009 5:25am
was that not a nother good position to short on top of last candle of this one as 10ma is pointing at 5 o'clock?
please DON'T copy my trades I am still learning
  • #3,257
  • Mar 20, 2009 5:42am Mar 20, 2009 5:42am
nice trades ez. I've had a good day too, bit of a headache coming on so will give it a rest now. Good luck to all this afternoon. I still have in mind a target test around 4360/4320 area, could be important to hold above that area for the start of next week for more longs
  • #3,258
  • Mar 20, 2009 5:54am Mar 20, 2009 5:54am
Quoting ezmystic
was that not a nother good position to short on top of last candle of this one as 10ma is pointing at 5 o'clock?
Not sure if it was a PROPER setup or not but took 2 short trades off there flat now..
Good Trading To All ; Ken Lee
  • #3,259
  • Mar 20, 2009 5:56am Mar 20, 2009 5:56am
this 1 hr looks like it could be interesting
please DON'T copy my trades I am still learning
  • #3,260
  • Mar 20, 2009 6:01am Mar 20, 2009 6:01am
Quoting KENNETH lEE
Not sure if it was a PROPER setup or not but took 2 short trades off there flat now..
Aparently I bailed to soon.....
Good Trading To All ; Ken Lee
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