Trade what you see NOT what you expect | Page 308 | Forex Factory

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Trade what you see NOT what you expect

  • #6,141
  • Apr 6, 2009 2:22am Apr 6, 2009 2:22am
Quoting currencyexch
Which means what?
Thanks
the way it closed = indecision

up until about 5 minutes before the close, it was painting out as a hanging man, ah well, we'll just have to wait a bit longer for a clearer signal
  • #6,142
  • Apr 6, 2009 2:23am Apr 6, 2009 2:23am
spitfire, like ez said we're in a range with no close yet beneath 4900 support. There is a 1h supportive trendline around 4850 too I think. My remaining long got closed at b/e unfortunately
  • #6,143
  • Apr 6, 2009 2:25am Apr 6, 2009 2:25am
Quoting Spitfire
Am I reading you guys right in that the potential is more to the long than short because of the inverted hammer and not much previous down movement?

Thanks, Art
well yes in theory, but I'm not going long yet and I am more biased towards a short, so will be looking out for them, but if long presents itself, I will take it. Sorry not really answering your question as i will play it anyway it goes.
please DON'T copy my trades I am still learning
  • #6,144
  • Apr 6, 2009 2:32am Apr 6, 2009 2:32am
Quoting ezodisy
spitfire, like ez said we're in a range with no close yet beneath 4900 support. There is a 1h supportive trendline around 4850 too I think. My remaining long got closed at b/e unfortunately
I've got 4880 and 4820ish as sr on 1hr

EDIT hey ezo, at least it wasn't -pips, and we got a few out eh? lol, I got taken out +2
please DON'T copy my trades I am still learning
  • #6,145
  • Apr 6, 2009 4:16am Apr 6, 2009 4:16am
Quoting ezodisy
inverted hangman 1h? not sure, that's a long wick and not much preceding down move on previous 1hs
seems to be playing out as would be expected, just needed to wait and see if a better price could be got
please DON'T copy my trades I am still learning
  • #6,146
  • Apr 6, 2009 4:38am Apr 6, 2009 4:38am
got in late, shorted at 4931, took half off and locked in +1 the rest, anyone need to see a chart?
please DON'T copy my trades I am still learning
  • #6,147
  • Apr 6, 2009 4:41am Apr 6, 2009 4:41am
Quoting ezmystic
got in late, shorted at 4931, took half off and locked in +1 the rest, anyone need to see a chart?
Yes, I would like to see it.
For now, I can see forming hangman on 15M, but I am confused how to read it.
Thanks.
  • #6,148
  • Apr 6, 2009 4:46am Apr 6, 2009 4:46am
I agree 2 different signals tweezers short which I took but now hammer long ?????? Maybe PA (previous price action ) Been in play a while.
Attached Image (click to enlarge)
Click to Enlarge Name: 15 min gbp.JPG Size: 236 KB
Good Trading To All ; Ken Lee
  • #6,149
  • Apr 6, 2009 4:48am Apr 6, 2009 4:48am
or NOT !!!!! HERE BUS ...
Good Trading To All ; Ken Lee
  • #6,150
  • Apr 6, 2009 4:50am Apr 6, 2009 4:50am
It did what it was suppose to after the hangman up it went.. DARN didn't take it. But good for about 20 if your quick.
Good Trading To All ; Ken Lee
  • #6,151
  • Apr 6, 2009 4:56am Apr 6, 2009 4:56am
Quoting KENNETH lEE
I agree 2 different signals tweezers short which I took but now hammer long ?????? Maybe PA (previous price action ) Been in play a while.
Morning, Ken
It looks like we gonna get another confusion - inverted hummer on 15M.

BTW, Your previous post about pin/hangman/hummer was great. The last one with psychological basics of trading is excellent. So, I am wondering, if you have posted anything about tweezers?
Thanks.
  • #6,152
  • Apr 6, 2009 4:56am Apr 6, 2009 4:56am
Quoting Komissar
Yes, I would like to see it.
For now, I can see forming hangman on 15M, but I am confused how to read it.
Thanks.

I am not 100% sure but I don't think it is a hangman because there isn't a candle beside it. So it is considered more at the bottom , and a hammer. and the last price movement was down, if only a bit.. again not sure but I have been burned on these before because of that..
Good Trading To All ; Ken Lee
  • #6,153
  • Apr 6, 2009 4:56am Apr 6, 2009 4:56am
Quoting Komissar
Yes, I would like to see it.
For now, I can see forming hangman on 15M, but I am confused how to read it.
Thanks.
here.... I locked in quick because off potential continuation upward
Attached Image (click to enlarge)
Click to Enlarge Name: chart 14.JPG Size: 70 KB
please DON'T copy my trades I am still learning
  • #6,154
  • Apr 6, 2009 4:58am Apr 6, 2009 4:58am
Now the damn thing has played out in both directions as a hangman and a hammer.. but add thesse 2 together and we get a doji..
Good Trading To All ; Ken Lee
  • #6,155
  • Apr 6, 2009 5:00am Apr 6, 2009 5:00am
tweezers are the same as flatop or bottoms but with just abit of a wick..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 6f Flat top.JPG Size: 87 KB
Click to Enlarge Name: 6g Flat top.JPG Size: 128 KB
Click to Enlarge Name: 15 flattop bottom.JPG Size: 111 KB
Good Trading To All ; Ken Lee
  • #6,156
  • Apr 6, 2009 5:00am Apr 6, 2009 5:00am
Quoting KENNETH lEE
Now the damn thing has played out in both directions as a hangman and a hammer.. but add thesse 2 together and we get a doji..
recipe for confusion , I think we might be playing out the previous PA on the 1 hr
please DON'T copy my trades I am still learning
  • #6,157
  • Apr 6, 2009 5:03am Apr 6, 2009 5:03am
Quoting KENNETH lEE
tweezers are the same as flatop or bottoms but with just abit of a wick..
Thanks a lot for great explanation.
Huge Respect.
  • #6,158
  • Apr 6, 2009 5:07am Apr 6, 2009 5:07am
4H. Does it look like bearish engulfing?
Attached Image
  • #6,159
  • Apr 6, 2009 5:10am Apr 6, 2009 5:10am
Quoting eohater
Good morning to you as well!

30 pips myself. How about yourself?
Hey EO sorry I didn't reply last night. I was trying to manage 2 trades and when I finished I didn't check the thread before I went to bed. I had a great night taking almost 40 off the GU but my mistress was even better to me. She had a wonderful move up which I was able to bag 193 pips.
  • #6,160
  • Apr 6, 2009 5:15am Apr 6, 2009 5:15am
Quoting Komissar
4H. Does it look like bearish engulfing?
bearish egulfing needs a bear candle I thin you've got a bull candle circled
please DON'T copy my trades I am still learning
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