Trade what you see NOT what you expect | Page 196 | Forex Factory

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Trade what you see NOT what you expect

  • #3,901
  • Mar 25, 2009 9:19am Mar 25, 2009 9:19am
WTF????????????
Hi, my name is Barry and you can keep your doctor...
  • #3,902
  • Mar 25, 2009 9:21am Mar 25, 2009 9:21am
While the markets settle back down. Everyone go look at your h4 chart. You can see why the sellers came with a vengance at the 473x area PRIOR PA. Now, did this settle those sellers out and next time well make it past? Don't know. I would suspect there are still sellers sitting at 479x, the top side of the prior PA. So, for now, I would say the bottom of the prior PA has been resolved, but the upper still has sellers waiting. Should we get there today, we'll all find out. I hope everyone got a piece of the move and no one got hurt.
Just digging in the trenches like everyone else!
  • #3,903
  • Mar 25, 2009 9:24am Mar 25, 2009 9:24am
zero here!
  • #3,904
  • Mar 25, 2009 9:24am Mar 25, 2009 9:24am
Quoting eohater
While the markets settle back down. Everyone go look at your h4 chart. You can see why the sellers came with a vengance at the 473x area PRIOR PA. Now, did this settle those sellers out and next time well make it past? Don't know. I would suspect there are still sellers sitting at 479x, the top side of the prior PA. So, for now, I would say the bottom of the prior PA has been resolved, but the upper still has sellers waiting. Should we get there today, we'll all find out. I hope everyone got a piece of the move and no one got hurt.
I got a huge chunk of it and hoping for more...
Patience + Discipline - Greed = Success
  • #3,905
  • Mar 25, 2009 9:27am Mar 25, 2009 9:27am
Quoting Infinity
I got a huge chunk of it and hoping for more...
Exactly bro! I would be upset to see her break 4800 today.
Just digging in the trenches like everyone else!
  • #3,906
  • Mar 25, 2009 9:28am Mar 25, 2009 9:28am
I was just getting ready to take +25 profit off my short from 4600.

Stopped out with +6.
  • #3,907
  • Mar 25, 2009 9:28am Mar 25, 2009 9:28am
Quoting FOURX
zero here!
Zero is better than a negative. Now, it's time to find a seat..
Just digging in the trenches like everyone else!
  • #3,908
  • Mar 25, 2009 9:29am Mar 25, 2009 9:29am
Quoting Shilva
I was just getting ready to take +25 profit off my short from 4600.

Stopped out with +6.
I'm glad your ass was covered!
Just digging in the trenches like everyone else!
  • #3,909
  • Mar 25, 2009 9:31am Mar 25, 2009 9:31am
hmm this quick run up and drop kind makes me want to stay on the sides for a little bit.
  • #3,910
  • Mar 25, 2009 9:31am Mar 25, 2009 9:31am
For those looking for the close across the 35/50 and reverse order, it's done for the day. Look at your 15m chart and the big ass candle across and the big ass candle back down. Last 15m candle closed above the 35, but was an indecisive candle. We clear the 200sma on the 15m and we'll be back up testing the highs.
Just digging in the trenches like everyone else!
  • #3,911
  • Mar 25, 2009 9:32am Mar 25, 2009 9:32am
Quoting kalparker
hmm this quick run up and drop kind makes me want to stay on the sides for a little bit.
Cash is a great position to have. Just wait for your setup and you'll find a seat.
Just digging in the trenches like everyone else!
  • #3,912
  • Mar 25, 2009 9:36am Mar 25, 2009 9:36am
Short from 1.4710 locked 20 pips and ........trialing........going to watch what pans out......
Happy trading
BANDA333
  • #3,913
  • Mar 25, 2009 9:37am Mar 25, 2009 9:37am
Quoting eohater
For those looking for the close across the 35/50 and reverse order, it's done for the day. Look at your 15m chart and the big ass candle across and the big ass candle back down. Last 15m candle closed above the 35, but was an indecisive candle. We clear the 200sma on the 15m and we'll be back up testing the highs.
Morning, EO
How high it's gonna be tested? Just curious.
Also, do you think DOW/GU correlation still in effect?
  • #3,914
  • Mar 25, 2009 9:42am Mar 25, 2009 9:42am
Quoting Komissar
Morning, EO
How high it's gonna be tested? Just curious.
Also, do you think DOW/GU correlation still in effect?
I think we'll get out of this hour close before she starts moving back up strongly. If she moves up and closes the hour aounr 467x, then were looking at a hangman on the h1 which will bring in sellers. If she stays above the 1h 62/50, then, we could resonable see her retesting the 478x area.

Correlation between the DOW and GU I believe will be in effect until the end of time. Some times it's stronger than others.
Just digging in the trenches like everyone else!
  • #3,915
  • Mar 25, 2009 9:50am Mar 25, 2009 9:50am
EO, Is the last 15min wick in play ,or should we not consider shorts?
  • #3,916
  • Mar 25, 2009 9:57am Mar 25, 2009 9:57am
Quoting FOURX
EO, Is the last 15min wick in play ,or should we not consider shorts?
I would wait for the h1 to close. I see what you see, but I also see buyers still ready to push this higher. The last 15m with the long upper wick, small body and small lower wick is shadowed. I would prefer to play that wick if it wasn't shadowed by the two big ass candles prior to it. It's your call though bro. She does keep getting rejected when she gets in to 465x area. Might have a good short opportunity.
Just digging in the trenches like everyone else!
  • #3,917
  • Mar 25, 2009 9:59am Mar 25, 2009 9:59am
thanks
  • #3,918
  • Mar 25, 2009 10:01am Mar 25, 2009 10:01am
Quoting FOURX
thanks
We're still above the 15m 35, still above the h1 62 and London fix is about to set in.
Just digging in the trenches like everyone else!
  • #3,919
  • Mar 25, 2009 10:02am Mar 25, 2009 10:02am
Quoting eohater
We're still above the 15m 35, still above the h1 62 and London fix is about to set in.
EO...what's the London fix ????
  • #3,920
  • Mar 25, 2009 10:03am Mar 25, 2009 10:03am
Quoting rt4x
EO...what's the London fix ????
Turtle my brother, do you want to answer that?
Just digging in the trenches like everyone else!
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