Trade what you see NOT what you expect | Page 177 | Forex Factory

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  • #3,521
  • Mar 23, 2009 5:12am Mar 23, 2009 5:12am
Quoting nyjetfan
Alearner - If you are referring to the yellow line, that is the 15m 200SMA. As for the text stating 1H 62EMA, I'd think that's incorrect (it appears to be showing the value of the 15M 200 SMA based on what I see there).

Guess we'll need to wait for "sleeping beauty" to awake from his nap to enlighten us...
morning all, nyj what ma was within one pip of 1hr 62 ema on 15m chart again, was it 263ema or something?

Nice trade BTW I got stopped out for +10, other things to do and couldn't watch it, but I'm happy with that
please DON'T copy my trades I am still learning
  • #3,522
  • Mar 23, 2009 5:13am Mar 23, 2009 5:13am
How do you read the last 15min close,(reversal)?

Or will the mving averages hold the price down?

Thanks
  • #3,523
  • Mar 23, 2009 5:16am Mar 23, 2009 5:16am
ok, theres the answer!
  • #3,524
  • Mar 23, 2009 5:16am Mar 23, 2009 5:16am
Quoting nyjetfan
Alearner - If you are referring to the yellow line, that is the 15m 200SMA. As for the text stating 1H 62EMA, I'd think that's incorrect (it appears to be showing the value of the 15M 200 SMA based on what I see there).

Guess we'll need to wait for "sleeping beauty" to awake from his nap to enlighten us...
Yes was referring to text, thanks for the confirmation and all your documentation.
  • #3,525
  • Mar 23, 2009 5:30am Mar 23, 2009 5:30am
Quoting ezmystic
morning all, nyj what ma was within one pip of 1hr 62 ema on 15m chart again, was it 263ema or something?

Nice trade BTW I got stopped out for +10, other things to do and couldn't watch it, but I'm happy with that
EZ - Upon further review I've found sometimes its as far off as 2-3 pips :-)

Anyway, its the 248 EMA. When you look at it you'll see that it goes back 248 "15 minute periods" so divide by 4 to convert that to hours and you get that it covers the last 62 hours worth of 15m candles.
  • #3,526
  • Mar 23, 2009 6:47am Mar 23, 2009 6:47am
Quoting nyjetfan
EZ - Upon further review I've found sometimes its as far off as 2-3 pips :-)

Anyway, its the 248 EMA. When you look at it you'll see that it goes back 248 "15 minute periods" so divide by 4 to convert that to hours and you get that it covers the last 62 hours worth of 15m candles.
cheers mate, will keep it under review
please DON'T copy my trades I am still learning
  • #3,527
  • Mar 23, 2009 6:59am Mar 23, 2009 6:59am
was that last 15m a hangman? I took a short
please DON'T copy my trades I am still learning
  • #3,528
  • Mar 23, 2009 7:01am Mar 23, 2009 7:01am
Looks like the market is waiting to hear about the Toxic Assets Plan at 0845.

I think I'll wait also, unless I get a nice signal.

HOLLA
  • #3,529
  • Mar 23, 2009 7:05am Mar 23, 2009 7:05am
Quoting ezmystic
was that last 15m a hangman? I took a short
I didn't see it, based on the candle before that being a doji, with the 4HR and 1HR still looking long, but I hope it works out for you.

HOLLA
  • #3,530
  • Mar 23, 2009 7:20am Mar 23, 2009 7:20am
Quoting ezmystic
was that last 15m a hangman? I took a short

Should be looking good now EZ, protect profit......

HOLLA
  • #3,531
  • Mar 23, 2009 7:24am Mar 23, 2009 7:24am
Quoting Turtle
I didn't see it, based on the candle before that being a doji, with the 4HR and 1HR still looking long, but I hope it works out for you.

HOLLA
alrright bro, i'm not too sure on the hangman formation, but i thought this looked right, here is what i saw, can anyone suggest if it is the correct analysis of hangman
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please DON'T copy my trades I am still learning
  • #3,532
  • Mar 23, 2009 7:28am Mar 23, 2009 7:28am
Quoting ezmystic
alrright bro, i'm not too sure on the hangman formation, but i thought this looked right, here is what i saw, can anyone suggest if it is the correct analysis of hangman
I see bro.....mine showed up with a doji, that's why I stayed out, it's the different feeds.

But set up nice for you....good job.

HOLLA
  • #3,533
  • Mar 23, 2009 7:31am Mar 23, 2009 7:31am
Quoting ezmystic
alrright bro, i'm not too sure on the hangman formation, but i thought this looked right, here is what i saw, can anyone suggest if it is the correct analysis of hangman
That is the canlestick for a hangman .,, not sure of it's placement against that previous candle. but it seems to have worked out well enough. Those are the details that will have to come with more expreince I guess.. For me ayway..
Great Trade.. Ken
Good Trading To All ; Ken Lee
  • #3,534
  • Mar 23, 2009 7:31am Mar 23, 2009 7:31am
Quoting ezmystic
alrright bro, i'm not too sure on the hangman formation, but i thought this looked right, here is what i saw, can anyone suggest if it is the correct analysis of hangman
HI Ezmystic, I took that trade as a hangman although I also new that we failed a test of the 100 day SMA which should have been my original entry but it went up so fast i didnt have the balls to take it.

I was thinking about closing out as price stalled but stayed in the trade because of the hammer on the 1 hr.

I closed out at 4555 as we bounced of 4550. currently flat
  • #3,535
  • Mar 23, 2009 7:32am Mar 23, 2009 7:32am
I didn't take a short until a couple of candles later, but that was because I was out buying coffee and not at my computer.

The hanging man on its own wasn't particularly convincing for me due to the smallish wick, but the candle before it, with the long wick, showed sellers were coming into the market. Further, the hammer and closes of candles in that formation were below the pin bar on the last high, which adds to the significance of the formation in my view.
  • #3,536
  • Mar 23, 2009 7:41am Mar 23, 2009 7:41am
Quoting Turtle
I see bro.....mine showed up with a doji, that's why I stayed out, it's the different feeds.

But set up nice for you....good job.

HOLLA
finally got internet reconnected at home, gtting back to 5 days trading
please DON'T copy my trades I am still learning
  • #3,537
  • Mar 23, 2009 8:01am Mar 23, 2009 8:01am
Quoting PipLand
HI Ezmystic, I took that trade as a hangman although I also new that we failed a test of the 100 day SMA which should have been my original entry but it went up so fast i didnt have the balls to take it.

I was thinking about closing out as price stalled but stayed in the trade because of the hammer on the 1 hr.

I closed out at 4555 as we bounced of 4550. currently flat
alright guys, yes it was partly the previous candle to hangman i wasn't so sure about being a fairly good trade, well it turned oit ok, congrats to all who were in it
please DON'T copy my trades I am still learning
  • #3,538
  • Mar 23, 2009 8:09am Mar 23, 2009 8:09am
Hi all
How are you all this morning?
BANDA333
  • #3,539
  • Mar 23, 2009 8:43am Mar 23, 2009 8:43am
Quoting BANDA
Hi all
How are you all this morning?
Morning Banda,

I'd think most are still waiting to see what happens as a fallout of the Geithner plan being detailed today. I'm still waiting until its out in the news to read about before I take any trades. Not that I will base my trades on the news, but then it will have been pretty well absorbed and factored into the market prices.
  • #3,540
  • Mar 23, 2009 8:56am Mar 23, 2009 8:56am
Morning, folks
Is anybody looking at 1H? Bounce off it?

I mean bounce off 50ma.
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