Trade what you see NOT what you expect | Page 238 | Forex Factory

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Trade what you see NOT what you expect

  • #4,741
  • Mar 30, 2009 2:54am Mar 30, 2009 2:54am
Quoting nyjetfan
I've been up about the same. Only difference is you probably have 50+ pips banked to my 1..

Just sitting on the sidelines now waiting to see a good entry signal. You looking at anything at this point EO?
I had shorts from 4284.

4140 is showing to be strong. Infinity had a trendline there that we were targeting. Buyers are here and down around 3985. The h4 is going to close will a full body candle and small wick, not to discount further shorts, but I would want to short around 4200 myself at this point.
Just digging in the trenches like everyone else!
  • #4,742
  • Mar 30, 2009 2:54am Mar 30, 2009 2:54am
Morning all. I'm still short from 1.4315. Gonna wait and see how my H4 candle closes in 8mins.....Wondering whether we'll go all the way to 1.4000 today....
  • #4,743
  • Mar 30, 2009 2:56am Mar 30, 2009 2:56am
Quoting eohater
I had shorts from 4284.

.
Wow bro, don't know how you do it but that's pretty much the high since the open Sunday night. Nice trade there, I've gotta learn to snag that one...
  • #4,744
  • Mar 30, 2009 2:57am Mar 30, 2009 2:57am
Quoting alcando
Morning guys. I see the strong support level here at 14140 but personally I am very reluctant to buy against what could be a very strong flight to safety again today. Looks like the £ and Eur may be in for a very weak day as equities are taking a serious smack after the GM developments have frightened the markets.Tell me when you close your longs and I will take the shorts as the reward is likely to be a bit more secure. I suspect all longs will be bounce rewards again.
Good eye on 4140 as support.
Just digging in the trenches like everyone else!
  • #4,745
  • Mar 30, 2009 2:58am Mar 30, 2009 2:58am
Quoting linleysound
Morning all. I'm still short from 1.4315.
  • #4,746
  • Mar 30, 2009 3:00am Mar 30, 2009 3:00am
Quoting nyjetfan
Wow bro, don't know how you do it but that's pretty much the high since the open Sunday night. Nice trade there, I've gotta learn to snag that one...
Infinity had a better position at the actual top of 4295. I took mine around 8:15 pm est I believe when she bounced up to close the gap. The 15m chart showed the matching highs and the h1 had a hangman. When we got the hangman on the h1, I waited for the pullback and jumped.
Just digging in the trenches like everyone else!
  • #4,747
  • Mar 30, 2009 3:01am Mar 30, 2009 3:01am
Quoting linleysound
Morning all. I'm still short from 1.4315. Gonna wait and see how my H4 candle closes in 8mins.....Wondering whether we'll go all the way to 1.4000 today....
I can see it as a possiblity for sure!

Nice position!
Just digging in the trenches like everyone else!
  • #4,748
  • Mar 30, 2009 3:04am Mar 30, 2009 3:04am
Yes. It is standing its ground well so far. I do hope we get a strong bounce to a good shortable level. I closed my shorts from 14230 out at 14140 in anticipation of a stronger bounce but I think if this level gives way we could see some delicious action. Pity, I will be out all morning and unlikely to take the ride. Good pipping guys.



Quoting eohater
Good eye on 4140 as support.
Ride the Bulls bearback!
  • #4,749
  • Mar 30, 2009 3:06am Mar 30, 2009 3:06am
Quoting eohater
I can see it as a possiblity for sure!

Nice position!
Cheers EO. Don't usually hold positions over the wkend; but it was looking very much like a change in sentiment on friday, plus no real retracement/market makers were holding their positions etc.
  • #4,750
  • Mar 30, 2009 3:06am Mar 30, 2009 3:06am
Quoting alcando
Yes. It is standing its ground well so far. I do hope we get a strong bounce to a good shortable level. I closed my shorts from 14230 out at 14140 in anticipation of a stronger bounce but I think if this level gives way we could see some delicious action. Pity, I will be out all morning and unlikely to take the ride. Good pipping guys.
I can understand! I have some meetings during the US Session that will prevent me from getting the fullest pippage out of her. But, there's always another trade!
Just digging in the trenches like everyone else!
  • #4,751
  • Mar 30, 2009 3:08am Mar 30, 2009 3:08am
Quoting ezodisy
  • #4,752
  • Mar 30, 2009 3:12am Mar 30, 2009 3:12am
Here's my h1 showing a possitlbe trendline/channel that coincides with the h4 trendline posted earlier.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.PNG Size: 58 KB
Just digging in the trenches like everyone else!
  • #4,753
  • Mar 30, 2009 3:13am Mar 30, 2009 3:13am
Morning all.

Took the inverted hammer trade.

Good for 20+ pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 15m3003.gif Size: 38 KB
  • #4,754
  • Mar 30, 2009 3:15am Mar 30, 2009 3:15am
TP hit at 4155... reversed at 4138... I may close before I go back to sleep though...
Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 44 KB
Patience + Discipline - Greed = Success
  • #4,755
  • Mar 30, 2009 3:16am Mar 30, 2009 3:16am
Seems 4135 is holding as a support at the moment.
  • #4,756
  • Mar 30, 2009 3:17am Mar 30, 2009 3:17am
Quoting Infinity
TP hit at 4155... reversed at 4138... I may close before I go back to sleep though...
Excellent trading bro! I still have a long position from 4140 myself. I've taken 25 off already, but still keeping my SL below 4130 atm but will consider before I go back to bed myself as well.
Just digging in the trenches like everyone else!
  • #4,757
  • Mar 30, 2009 3:20am Mar 30, 2009 3:20am
Quoting dariuske
Morning all.

Took the inverted hammer trade.

Good for 20+ pips.
Dariuske - Nice trade, just curious why you played that as an inverted hammer vs a pin?
  • #4,758
  • Mar 30, 2009 3:21am Mar 30, 2009 3:21am
Quoting eohater
Excellent trading bro! I still have a long position from 4140 myself. I've taken 25 off already, but still keeping my SL below 4130 atm but will consider before I go back to bed myself as well.
You scared me off my short earlier and I closed it for about 10 pips up, glad you scared me cos you were right as usual that it would head north.
  • #4,759
  • Mar 30, 2009 3:22am Mar 30, 2009 3:22am
Quoting BenScoobert
You scared me off my short earlier and I closed it for about 10 pips up, glad you scared me cos you were right as usual that it would head north.
I didn't mean to scare you out, she could only be taking a breather atm.
Just digging in the trenches like everyone else!
  • #4,760
  • Mar 30, 2009 3:23am Mar 30, 2009 3:23am
Quoting eohater
Excellent trading bro! I still have a long position from 4140 myself. I've taken 25 off already, but still keeping my SL below 4130 atm but will consider before I go back to bed myself as well.
Excellent trading yourself bro! I took 20 pips off myself...It looks like it has potential though... H1 tweezer bottoms could be coming up as well.. but I am very tired....
Patience + Discipline - Greed = Success
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