Trade what you see NOT what you expect | Page 193 | Forex Factory

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Trade what you see NOT what you expect

  • #3,841
  • Mar 24, 2009 11:01pm Mar 24, 2009 11:01pm
Good evening everyone! Anyone have anything they would like to discuss?
Just digging in the trenches like everyone else!
  • #3,842
  • Mar 25, 2009 1:19am Mar 25, 2009 1:19am
Quoting eohater
Good evening everyone! Anyone have anything they would like to discuss?
Eo, you really are a machine, do you never sleep?

I suppose an overview of what you're looking for today on cable would be cool. I've noticed a downward channel develop on the 15M chart so this would suggest a downward movement, however, the daily did close above the 100 SMA, which Infinity mentioned was significant for him for future direction.

Could we perhaps be seeing a test of the daily 100 SMA before going up again?

I made a post on the wormhole earlier in the day about the 4H candles rejecting higher prices, which to me suggested that we needed to go down to get some more buyers before moving north. All of the above put together would certainly tie in with the down movement, whether the up movement occurs afterwards we'll have to wait and see.

What do you think?
  • #3,843
  • Mar 25, 2009 3:29am Mar 25, 2009 3:29am
Hi EO, Infinity and everyone. Great thread, sound strategy and intelligent conversation. Just thought I'd post this little sweety I rode down from ema to ema. I've been trading these type of setups on the 1min 5min and 15 min for a while with good success. Hope to refine with what I am learning here.
Attached Image (click to enlarge)
Click to Enlarge Name: Classic 15m 62ema to 1hr 62ema.png Size: 23 KB
  • #3,844
  • Mar 25, 2009 3:41am Mar 25, 2009 3:41am
Morning guys.

I liked the reaction with the 1H62ema there so I have bought on the open of the m15 candle following the hangman close.. Anyone else on that ride?

Al
Ride the Bulls bearback!
  • #3,845
  • Mar 25, 2009 3:46am Mar 25, 2009 3:46am
Quoting alcando
Morning guys.

I liked the reaction with the 1H62ema there so I have bought on the open of the m15 candle following the hangman close.. Anyone else on that ride?

Al
Good morning to all....Long @ 46.10 here...
  • #3,846
  • Mar 25, 2009 4:09am Mar 25, 2009 4:09am
Quoting rt4x
Good morning to all....Long @ 46.10 here...
Did not like the close of the 1H...closed +3...waiting again...
  • #3,847
  • Mar 25, 2009 4:25am Mar 25, 2009 4:25am
I've got to get better at taking partial profits. Long 4605 (1h 62ema), stopped at b/e. Long 4589, stopped at b/e. Bleh. I should have sold half at certain very obvious places and messed up.
  • #3,848
  • Mar 25, 2009 4:28am Mar 25, 2009 4:28am
Mine is worse. I tried to close at BE as I had not adjusted stop, System hung and she went down to tap my stop at -40 before I could get back in.


Quoting ezodisy
I've got to get better at taking partial profits. Long 4605 (1h 62ema), stopped at b/e. Long 4589, stopped at b/e. Bleh. I should have sold half at certain very obvious places and messed up.
Ride the Bulls bearback!
  • #3,849
  • Mar 25, 2009 4:33am Mar 25, 2009 4:33am
sorry to hear that mate. I'm sure you'll get it back later in the day
  • #3,850
  • Mar 25, 2009 4:37am Mar 25, 2009 4:37am
alright guys, was that 15mafter touch of 62ema a strong rejection off 10 so a retest and a place to short? i didn't take eithr way as i wasn't sure about this. just a question put out there
please DON'T copy my trades I am still learning
  • #3,851
  • Mar 25, 2009 4:42am Mar 25, 2009 4:42am
MOrning all, no trades yet today, im looking to play a short of this channel.
Attached Image (click to enlarge)
Click to Enlarge Name: trades.gif Size: 59 KB
  • #3,852
  • Mar 25, 2009 4:43am Mar 25, 2009 4:43am
We now have previous pa (spike) for long, and 5o'clock ma's for shorts. Am i correct?

thanks
  • #3,853
  • Mar 25, 2009 5:11am Mar 25, 2009 5:11am
Good Morning all, Have been watching from the sidelines. Great thread. I understand the ma movements. However still have not gotten down the triggers [ead kinda tuff].
Currently standing by sidelines...Got mixed signals. [a] Break of 62ema [b] 15min chart showing me Harami/hammer setup to go long.
  • #3,854
  • Mar 25, 2009 5:15am Mar 25, 2009 5:15am
Hey Zum,

The 1hr closed sat on the 62ema, so i dont see it as a break,(possible 62 bounce) but thats only my take.

So signals are for long?
  • #3,855
  • Mar 25, 2009 5:25am Mar 25, 2009 5:25am
Not enuff experience with this trading style to say for sure..my 1hr candle went through 62ema by 24pips...which took out resistance turn support at 1.4596 [score a point..pull back] it's sitting in limbo waiting for the bus driver [must be on coffee break] sitting on sidelines for now..close of 1hr candle shud give better indication of direction
  • #3,856
  • Mar 25, 2009 5:45am Mar 25, 2009 5:45am
1hr 62 ema

anybody on that one?
Trading is 80% Emotional, 20% Technical
  • #3,857
  • Mar 25, 2009 5:50am Mar 25, 2009 5:50am
Dont just turn up bragging, why not beforhand?

Hmmm! i wonder
  • #3,858
  • Mar 25, 2009 5:54am Mar 25, 2009 5:54am
don't forget to worship the 15m 35-50 cross, it just worked to perfection
  • #3,859
  • Mar 25, 2009 6:00am Mar 25, 2009 6:00am
Quoting ezodisy
don't forget to worship the 15m 35-50 cross, it just worked to perfection
yep for sure it came off nicely off that 15min 50sma. good trade setups.
Trading is 80% Emotional, 20% Technical
  • #3,860
  • Mar 25, 2009 6:02am Mar 25, 2009 6:02am
Missed it...need 2 work on my trigger finger
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