Trade what you see NOT what you expect | Page 179 | Forex Factory

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Trade what you see NOT what you expect

  • #3,561
  • Mar 23, 2009 9:39am Mar 23, 2009 9:39am
I think long is good, as EU/GBP somewhat south bound........ one guy who trade correlations ..........was telling GBP/$ act strange in PA when EU/GBP above .90 but today eu/gbp moved down from .94 ........ so we can hope GBP/$ appreciate more than EU/$ upon the news relase. Warning I am a habitual looser so I can't trust myself

Quoting eohater
I just took a long position at 4504. See if this bottom will hold or not.
BANDA333
  • #3,562
  • Mar 23, 2009 9:43am Mar 23, 2009 9:43am
Quoting eohater
I just took a long position at 4504. See if this bottom will hold or not.
Hey EO - What type of stop would you put on your "bottom fishing" trade?
  • #3,563
  • Mar 23, 2009 9:45am Mar 23, 2009 9:45am
Quoting nyjetfan
Hey EO - What type of stop would you put on your "bottom fishing" trade?
It's out. I took 10 on her, set the rest at BE and now waiting.
Just digging in the trenches like everyone else!
  • #3,564
  • Mar 23, 2009 9:47am Mar 23, 2009 9:47am
Quoting Turtle
Post 3461....

HOLLA
Thanks, buddy. Nice looking worksheet.
  • #3,565
  • Mar 23, 2009 9:50am Mar 23, 2009 9:50am
Quoting eohater
It's out. I took 10 on her, set the rest at BE and now waiting.
Well I was looking at other things and took the opposite. Short at 1.4501, took 1/2 off at +11 and rest is set to TP at 1h 62EMA and locked in. Might cap it early depending upon PA movement. You saw the bottom, I saw the MAs above rejecting price with large wicks. Looks like we were both right, now hopefully we can keep the green coming...

Even the sun shines on a dog's #r$e some days... BTW - You get your dog this weekend EO?
  • #3,566
  • Mar 23, 2009 9:52am Mar 23, 2009 9:52am
EO suddenly GBP/JPY and GBP/CHF going down........ long from 1.4450 or 1.4430 in your view?
Thank you

Quoting eohater
It's out. I took 10 on her, set the rest at BE and now waiting.
BANDA333
  • #3,567
  • Mar 23, 2009 9:53am Mar 23, 2009 9:53am
Quoting nyjetfan
Well I was looking at other things and took the opposite. Short at 1.4501, took 1/2 off at +11 and rest is set to TP at 1h 62EMA and locked in. Might cap it early depending upon PA movement. You saw the bottom, I saw the MAs above rejecting price with large wicks. Looks like we were both right, now hopefully we can keep the green coming...

Even the sun shines on a dog's #r$e some days... BTW - You get your dog this weekend EO?
Next long for me is the h1 62ema. Should of jumped at 4555, but didn't want to be premature.

We did get the puppy this weekend. Once I get some pictures uploaded, I'll post one. She's full of energy!!
Just digging in the trenches like everyone else!
  • #3,568
  • Mar 23, 2009 9:54am Mar 23, 2009 9:54am
The hangman on the h4 is driving this down hard..
Just digging in the trenches like everyone else!
  • #3,569
  • Mar 23, 2009 9:55am Mar 23, 2009 9:55am
Quoting BANDA
EO suddenly GBP/JPY and GBP/CHF going down........ long from 1.4450 or 1.4430 in your view?
Thank you
Banda - From the recent two posts, I'm almost getting the impression you're chasing the market. Have you looked at the pdf attached to post #1 of this thread for the methods in use? Honestly, I don't try to calculate how the cross pairs will cause each other to move, the markets will take care of that for me. I just focus on price action for GBP/USD and look for the proper setups and trade accordingly.

I hope the comments above aren't coming across as harsh (that's not my intent, just stating what I see based on the recent posts), but right now I'm looking at 1.443x for a long which is the 1hr 62EMA which is one of many setups we use here.

Hope this helps.
  • #3,570
  • Mar 23, 2009 9:57am Mar 23, 2009 9:57am
Quoting nyjetfan
Banda - From the recent two posts, I'm almost getting the impression you're chasing the market. Have you looked at the pdf attached to post #1 of this thread for the methods in use? Honestly, I don't try to calculate how the cross pairs will cause each other to move, the markets will take care of that for me. I just focus on price action for GBP/USD and look for the proper setups and trade accordingly.

I hope the comments above aren't coming across as harsh (that's not my intent, just stating what I see based on the recent posts), but right now...
I don't think this is a harsh comment. Your right, we trade her a certain way. Without prediction, just PA and our ma's!
Just digging in the trenches like everyone else!
  • #3,571
  • Edited 10:29am Mar 23, 2009 9:58am | Edited 10:29am
Quoting eohater
Next long for me is the h1 62ema. Should of jumped at 4555, but didn't want to be premature.

We did get the puppy this weekend. Once I get some pictures uploaded, I'll post one. She's full of energy!!
Well regardless bro, whether you collect green pips in bunches of 100+ or a few at time, they still look just as nice in your account..

Just hit my stop (might chase it a bit tight), but hey I'm about 85% of today's target and its not even lunchtime!
  • #3,572
  • Mar 23, 2009 9:59am Mar 23, 2009 9:59am
Thank you .You are correct. Chasing type thing is the reason I loose.That is why .... better to learn from others experience and mistakes rather than going thru all yourself
Thank you.

Quoting nyjetfan
Banda - From the recent two posts, I'm almost getting the impression you're chasing the market....
BANDA333
  • #3,573
  • Mar 23, 2009 10:02am Mar 23, 2009 10:02am
Quoting BANDA
Thank you .You are correct. Chasing type thing is the reason I loose.That is why .... better to learn from others experience and mistakes rather than going thru all yourself
Thank you.
Now, go download the pdf on post on and have yourself a nice read.
Just digging in the trenches like everyone else!
  • #3,574
  • Mar 23, 2009 10:04am Mar 23, 2009 10:04am
Buyers are coming into the market. Let's see how this 15m closes. Could be our signal for our longs!
Just digging in the trenches like everyone else!
  • #3,575
  • Mar 23, 2009 10:07am Mar 23, 2009 10:07am
Quoting eohater
Buyers are coming into the market. Let's see how this 15m closes. Could be our signal for our longs!
Well 1.4445 seems to be forming a bit of support. But of course I'm not taking any action until either we hit the 1h 62EMA or this candle closes telling me otherwise..
  • #3,576
  • Mar 23, 2009 10:08am Mar 23, 2009 10:08am
Quoting nyjetfan
Well 1.4445 seems to be forming a bit of support. But of course I'm not taking any action until either we hit the 1h 62EMA or this candle closes telling me otherwise..

Good job! Patience!! We have 6m til candle closes, anything can happen at this point.
Just digging in the trenches like everyone else!
  • #3,577
  • Mar 23, 2009 10:09am Mar 23, 2009 10:09am
Thankx EO .I will read it fully.

Hope we can make some green pips today.........

Quoting eohater
Now, go download the pdf on post on and have yourself a nice read.
BANDA333
  • #3,578
  • Mar 23, 2009 10:18am Mar 23, 2009 10:18am
GBP_USD Spot.png

8 hr View.....another 45 minutes to go,its possible the Daily will POST a PIN as well...there was a Good 4 hr Hangman Pattern as well....i did short...took +50,and got stopped out on the 2nd at B/E....i will be looking for a retrace and than a short....as always depends on the formation.

hi EoH

baz
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Spot.png Size: 8 KB
  • #3,579
  • Mar 23, 2009 10:19am Mar 23, 2009 10:19am
Quoting baz
GBP_USD Spot.png

8 hr View.....another 45 minutes to go,its possible the Daily will POST a PIN as well...there was a Good 4 hr Hangman Pattern as well....i did short...took +50,and got stopped out on the 2nd at B/E....i will be looking for a retrace and than a short....as always depends on the formation.

hi EoH

baz
Baz my friend! Nice to see your making the green pips as always!
Just digging in the trenches like everyone else!
  • #3,580
  • Mar 23, 2009 10:21am Mar 23, 2009 10:21am
Was long taken on the 15min close, or waiting on drop to 1hr 62ma?
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