Trade what you see NOT what you expect | Page 315 | Forex Factory

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Trade what you see NOT what you expect

  • #6,281
  • Apr 6, 2009 2:51pm Apr 6, 2009 2:51pm
Quoting eohater
No, if we were to get a hammer on the h4, it would support the upward movement to continue. Notice the prior full candle down on the h4, then the bullish h4 (SHOULD IT CLOSE THERE). This is supportive of a reversal of the recent daily trend which has been down.
Got it. Thanks!
  • #6,282
  • Apr 6, 2009 2:59pm Apr 6, 2009 2:59pm
my short 4750 got stopped out, im done for tonight, getting frustrated
  • #6,283
  • Apr 6, 2009 3:00pm Apr 6, 2009 3:00pm
Quoting eohater
It's about the money management bro. I'm in the trade with normal amount at risk, should I lose, then I lose and move onto the next trade.
that is the spirit
When life gives you lemons, make lemonade
  • #6,284
  • Apr 6, 2009 3:05pm Apr 6, 2009 3:05pm
Quoting BenScoobert
my short 4750 got stopped out, im done for tonight, getting frustrated
Get some rest and come back ready to battle!
Just digging in the trenches like everyone else!
  • #6,285
  • Apr 6, 2009 3:05pm Apr 6, 2009 3:05pm
How is the h4 closed? Hammer?
  • #6,286
  • Apr 6, 2009 3:05pm Apr 6, 2009 3:05pm
Quoting BenScoobert
my short 4750 got stopped out, im done for tonight, getting frustrated
Sorry about your loss......but on the 1 hr there is a Hammer,the days Range has HIT 300 pips....so you have to be Cautious taking a short.....remember,there may be profit taking as well...

baz
  • #6,287
  • Apr 6, 2009 3:08pm Apr 6, 2009 3:08pm
Quoting baz
Sorry about your loss......but on the 1 hr there is a Hammer,the days Range has HIT 300 pips....so you have to be Cautious taking a short.....remember,there may be profit taking as well...

baz
GBP_USD Spot.png

the BIG picture...always keep one eye on it

baz
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Spot.png Size: 20 KB
  • #6,288
  • Apr 6, 2009 3:11pm Apr 6, 2009 3:11pm
Quoting HelenaY
How is the h4 closed? Hammer?
No, it didn't close as a hammer, but it did close bullish. It also closed above areas we were looking for. I would not rule out 471x again. It's getting tight and the ma's on the 15m are coming together. Volume is decreasing as well.
Just digging in the trenches like everyone else!
  • #6,289
  • Apr 6, 2009 3:13pm Apr 6, 2009 3:13pm
Quoting baz
GBP_USD Spot.png

the BIG picture...always keep one eye on it

baz
excellent chart!
Patience + Discipline - Greed = Success
  • #6,290
  • Apr 6, 2009 3:18pm Apr 6, 2009 3:18pm
Quoting eohater
No, it didn't close as a hammer, but it did close bullish. It also closed above areas we were looking for. I would not rule out 471x again. It's getting tight and the ma's on the 15m are coming together. Volume is decreasing as well.
Agreed... We should be testing the h4 5/10 in the next hours... I am not so sure we will past 4800 on the first test though......
Patience + Discipline - Greed = Success
  • #6,291
  • Apr 6, 2009 3:18pm Apr 6, 2009 3:18pm
Quoting Infinity
excellent chart!
Yes Infinity......trading on 15 min ,means you have to DO THE HOMEWORK on HTF,for the RoadBlocks and Diversions....
its experience that gives us this ........but boy is she a HARSH TEACHER.!!
ouch !! my Butt still hurts thinking about the lessons

baz
  • #6,292
  • Apr 6, 2009 3:18pm Apr 6, 2009 3:18pm
Quoting Infinity
excellent chart!
I think baz has some great charts that he shares with us!

We got our close, now we just need her to get on up!
Just digging in the trenches like everyone else!
  • #6,293
  • Apr 6, 2009 3:20pm Apr 6, 2009 3:20pm
Quoting Infinity
Agreed... We should be testing the h4 5/10 in the next hours... I am not so sure we will past 4800 on the first test though......
I agree, we won't pass 4800 on the first test. Our lower charts support that she'll come back on the first touch.
Just digging in the trenches like everyone else!
  • #6,294
  • Apr 6, 2009 3:20pm Apr 6, 2009 3:20pm
Quoting baz
Yes Infinity......trading on 15 min ,means you have to DO THE HOMEWORK on HTF,for the RoadBlocks and Diversions....
its experience that gives us this ........but boy is she a HARSH TEACHER.!!
ouch !! my Butt still hurts thinking about the lessons

baz
Just digging in the trenches like everyone else!
  • #6,295
  • Apr 6, 2009 3:21pm Apr 6, 2009 3:21pm
daily gbplfx with 40 minutes left to close

incidentally, lfxjpy looks similar, so gj might be a great trade tomorrow
Attached Image (click to enlarge)
Click to Enlarge Name: daily.jpg Size: 140 KB
  • #6,296
  • Apr 6, 2009 3:21pm Apr 6, 2009 3:21pm
Quoting baz
Yes Infinity......trading on 15 min ,means you have to DO THE HOMEWORK on HTF,for the RoadBlocks and Diversions....
its experience that gives us this ........but boy is she a HARSH TEACHER.!!
ouch !! my Butt still hurts thinking about the lessons

baz
I hear that bro! Looking at higher timeframes first is absolutely essential...

I still have one eye on the top of that h4 channel...
Patience + Discipline - Greed = Success
  • #6,297
  • Apr 6, 2009 3:22pm Apr 6, 2009 3:22pm
Quoting eohater
She doesn't have the balls to close over 8000 today.
She sure didn't.........

HOLLA
  • #6,298
  • Apr 6, 2009 3:24pm Apr 6, 2009 3:24pm
and here's the usdlfx daily .. engulfing?
Attached Image (click to enlarge)
Click to Enlarge Name: daily.jpg Size: 159 KB
  • #6,299
  • Apr 6, 2009 3:25pm Apr 6, 2009 3:25pm
Quoting daffy
daily gbplfx with 40 minutes left to close

incidentally, lfxjpy looks similar, so gj might be a great trade tomorrow
thanks Daffy
But i urge everone to get these charts......on the 4 hr GBPLFX....there was a beautiful PIN today.....and the result was a 200 pip drop

baz
  • #6,300
  • Apr 6, 2009 3:27pm Apr 6, 2009 3:27pm
how do you guys bring up those charts? I can't find them in my mt4. cheers
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