Trade what you see NOT what you expect | Page 251 | Forex Factory

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Trade what you see NOT what you expect

  • #5,001
  • Mar 31, 2009 8:38am Mar 31, 2009 8:38am
Quoting eohater
Good morning everyone! I hope everyone's been bagging the pips. I'm not currently in a trade, but keeping my eyes peeled for one.
Good morning. did you happen to get that run up during the early Asian session?
  • #5,002
  • Mar 31, 2009 8:38am Mar 31, 2009 8:38am
Morning, EO

I have 2 possible scenarios in mind

1. On 15 min. If she close down a little more - 35/50 cross/reverse - long.

2. If #1 occured, then 1H 62 ma bounce off - short.
  • #5,003
  • Mar 31, 2009 8:39am Mar 31, 2009 8:39am
Quoting BenScoobert
Just to clarify, that's +3 pips? Or am I missing something? I always thought you shot for bigger goals than that.
It was for 3 pips. Yes, I do always shoot for more, but if I don't like how price is moving, I'll bail and wait for a new setup. I gave the trade 15m to get back above the 15m 35/50 and she failed so I closed and went to bed.
Just digging in the trenches like everyone else!
  • #5,004
  • Mar 31, 2009 8:40am Mar 31, 2009 8:40am
Looking at that pin on the 15m, notice how the wick ran up to the bottom of the hangman's opening price? PRIOR PA!!
Just digging in the trenches like everyone else!
  • #5,005
  • Mar 31, 2009 8:42am Mar 31, 2009 8:42am
Quoting PippiNole
Good morning. did you happen to get that run up during the early Asian session?
I didn't get the run up, but I got the short down for some nice pippage and went back long on her, but closed too soon, but it was still a positive long position for a whopping 3 pips..
Just digging in the trenches like everyone else!
  • #5,006
  • Mar 31, 2009 8:45am Mar 31, 2009 8:45am
Sigh, I got 30 pips on the drop today could of had a 100 pips, but FXCM is down. I got out before there trading platform crashed down otherwise i would be staring at a 100 pip loss.
  • #5,007
  • Mar 31, 2009 8:45am Mar 31, 2009 8:45am
Quoting BenScoobert
About 91 pips down, my only beauty I picked out, i didnt enter.......The close of the 12 midday (for me) candle was a text book 1 hour 62 ema bounce in my eyes, then others said look at other things, and i talked myself out of it.

not that im blaming anyone, as its my trigger to pull, it was educational
Trade what you see bro! Like Infinity said yesterday, don't be afraid to trade opposite of what others are trading, just keep your R:R in check. Sorry you didn't take the short, but there will be others.
Just digging in the trenches like everyone else!
  • #5,008
  • Mar 31, 2009 8:50am Mar 31, 2009 8:50am
Quoting kalparker
Sigh, I got 30 pips on the drop today could of had a 100 pips, but FXCM is down. I got out before there trading platform crashed down otherwise i would be staring at a 100 pip loss.
30 positive pips is better than 100 negative anyday! Sorry your broker crashed! Hope their back up and running!
Just digging in the trenches like everyone else!
  • #5,009
  • Mar 31, 2009 8:51am Mar 31, 2009 8:51am
All - Consumer confidence is due out at 10AM EST (about 10 mins) so make sure you're covered if you're in a position just in case we get a wild reaction.
  • #5,010
  • Mar 31, 2009 9:06am Mar 31, 2009 9:06am
Quoting nyjetfan
All - Consumer confidence is due out at 10AM EST (about 10 mins) so make sure you're covered if you're in a position just in case we get a wild reaction.
Well the news was pretty much a non-event, now we have to see if she will test 431x again.
  • #5,011
  • Mar 31, 2009 9:10am Mar 31, 2009 9:10am
I've gotta run to a meeting guys, keep your trades green and bag some pips for me. I'll be back in about 1h.
Just digging in the trenches like everyone else!
  • #5,012
  • Mar 31, 2009 9:17am Mar 31, 2009 9:17am
Quoting nyjetfan
Well the news was pretty much a non-event, now we have to see if she will test 431x again.
Yep, I might take a cue from Cisco and sit it out today, or just keep peeking in every 4 hours.

She is wound up tight, just waiting for her to make a move.

HOLLA
  • #5,013
  • Mar 31, 2009 10:15am Mar 31, 2009 10:15am
Now that was on hell of a spike. End of month position being closed. I'll consider a short up the wick on the 15m, but not too worried about getting in actually.
Just digging in the trenches like everyone else!
  • #5,014
  • Mar 31, 2009 10:27am Mar 31, 2009 10:27am
I have 1.4368 as about 38.2% retrace of the recent fall from 1.4779
  • #5,015
  • Mar 31, 2009 10:35am Mar 31, 2009 10:35am
Quoting eohater
Now that was on hell of a spike. End of month position being closed. I'll consider a short up the wick on the 15m, but not too worried about getting in actually.
Did you take a short?
  • #5,016
  • Mar 31, 2009 10:36am Mar 31, 2009 10:36am
Quoting eohater
Now that was on hell of a spike. End of month position being closed. I'll consider a short up the wick on the 15m, but not too worried about getting in actually.
And if you didn't take the trade is it because she closed higher than the wick???

HOLLA
  • #5,017
  • Mar 31, 2009 10:38am Mar 31, 2009 10:38am
I've taken 20 off my position, and covering the rest, off to lunch now.
Just digging in the trenches like everyone else!
  • #5,018
  • Mar 31, 2009 10:42am Mar 31, 2009 10:42am
Quoting PippiNole
Did you take a short?
I did at 4360.
Just digging in the trenches like everyone else!
  • #5,019
  • Mar 31, 2009 10:44am Mar 31, 2009 10:44am
Quoting Turtle
And if you didn't take the trade is it because she closed higher than the wick???

HOLLA
I still took it, just let price move upward and kept my SL at +25 over the wick.
Just digging in the trenches like everyone else!
  • #5,020
  • Mar 31, 2009 10:49am Mar 31, 2009 10:49am
Quoting eohater
I still took it, just let price move upward and kept my SL at +25 over the wick.
Got it....makes sense.

Thanks in advance

HOLLA
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