Trade what you see NOT what you expect | Page 337 | Forex Factory

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Why did you start trading and what do you expect from it? 19 replies

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Trade what you see NOT what you expect

  • #6,721
  • Apr 8, 2009 5:35pm Apr 8, 2009 5:35pm
Quoting baz
USD_CAD Spot.png

here is one on the LONNIE....and the result...

baz
Theres also nice res in that area
  • #6,722
  • Apr 8, 2009 5:38pm Apr 8, 2009 5:38pm
Quoting stewrigh
Theres also nice res in that area
that trade was completted....just awaiting any new set up...but just to show that HTF Rules and you must always keep an eye on them...

baz
  • #6,723
  • Apr 8, 2009 6:47pm Apr 8, 2009 6:47pm
Quoting baz
no problem
I have done a PM to you as well

http://www.youtube.com/profile?gl=GB...er&view=videos

Please note.....i have not Purchased any thing from Niall...but these videos are free on YOU TUBE...thats all you need for learning....

baz
Thanks Baz........goes perfect with my tag line.

And yes his style is like J16, it's cool that the videos are free.

HOLLA
  • #6,724
  • Apr 8, 2009 7:32pm Apr 8, 2009 7:32pm
Quoting baz
hey Infinity
as i said ,HOLIDAY MODE at present.....i am finished untill Tuesady...
i think you will get a b/o from this present Range ....tommorow...so may be good..
i will trade the Euro if at all

baz
Yeah bro! This range must break out... and I think tomorrow will be the day myself... I will take anything that presents itself but for the moment... I am flat...
Patience + Discipline - Greed = Success
  • #6,725
  • Apr 8, 2009 7:36pm Apr 8, 2009 7:36pm
Quoting Infinity
Yeah bro! This range must break out... and I think tomorrow will be the day myself... I will take anything that presents itself but for the moment... I am flat...
Was thinking that myself, but wondering since they have a four day weekend, could they head north and then cash out until Tuesday, bringing us back to this area of 4650!

HOLLA
  • #6,726
  • Apr 8, 2009 7:42pm Apr 8, 2009 7:42pm
Quoting Turtle
Was thinking that myself, but wondering since they have a four day weekend, could they head north and then cash out until Tuesday, bringing us back to this area of 4650!

HOLLA
I'm watching to see which way it'll go... Will probably check back London open or just wait until after rate statement...
Attached Image
Patience + Discipline - Greed = Success
  • #6,727
  • Apr 8, 2009 7:49pm Apr 8, 2009 7:49pm
Quoting Infinity
I'm watching to see which way it'll go... Will probably check back London open or just wait until after rate statement...
Luv those animal features......

Shouts out to my boy Yogi, Saturday morning cartoons BA-BY!!

HOLLA
  • #6,728
  • Apr 8, 2009 7:52pm Apr 8, 2009 7:52pm
Quoting Turtle
Luv those animal features......

Shouts out to my boy Yogi, Saturday morning cartoons BA-BY!!

HOLLA
====>
Patience + Discipline - Greed = Success
  • #6,729
  • Apr 8, 2009 8:36pm Apr 8, 2009 8:36pm
I just took a look at that Oz guy!

I suspect we are beating him by about 85 pips on his entries.

That fakey stuff is just entering on a pull back after a move starts and u need to catch her or add to your winning position. Classic Old School Breakout Pattern.
  • #6,730
  • Apr 8, 2009 9:12pm Apr 8, 2009 9:12pm
If I remember........ when the US Fed announced at their last meeting they were buying Treasuries the dollar took a big hit in about 10 mins.

If British MPC announces they are doing the same thing ....cable should take a hit also.
  • #6,731
  • Apr 9, 2009 1:05am Apr 9, 2009 1:05am
Quoting Infinity
Hey bro! I went on the road ..just got back... the older longs were all closed out.. I took another at 4670 before I went out and I closed it out for 40 pips... Back to scalping mode for me... Not holding any long term longs atm...
Good job bro!

That's what we've had to work with. You know I like it! I still have one long marching and covered. Should we break to the north I'll add to it.
Just digging in the trenches like everyone else!
  • #6,732
  • Edited 1:12am Apr 9, 2009 1:11am | Edited 1:12am
If anyone is looking for a position right now, I see a prior h1 pin, bullish h4 forming. Shorts from the 474x area with TIGHT SL might yield some quick pippage. Watch the ma's on the 15m for TP and possible reversal area.
Just digging in the trenches like everyone else!
  • #6,733
  • Apr 9, 2009 1:22am Apr 9, 2009 1:22am
Picture is worth a thousand words
Attached Image (click to enlarge)
Click to Enlarge Name: chart.PNG Size: 74 KB
Just digging in the trenches like everyone else!
  • #6,734
  • Apr 9, 2009 1:26am Apr 9, 2009 1:26am
Did anyone take a short? I grabbed it at 38 myself.
Just digging in the trenches like everyone else!
  • #6,735
  • Apr 9, 2009 1:28am Apr 9, 2009 1:28am
Quoting eohater
Picture is worth a thousand words
Great Chart Thanks...
Good Trading To All ; Ken Lee
  • #6,736
  • Apr 9, 2009 1:34am Apr 9, 2009 1:34am
Quoting eohater
Did anyone take a short? I grabbed it at 38 myself.
That was smoked out at 50 in a hurry for a loss of 12. I said tight SL.
Just digging in the trenches like everyone else!
  • #6,737
  • Apr 9, 2009 1:36am Apr 9, 2009 1:36am
Quoting eohater
That was smoked out at 50 in a hurry for a loss of 12. I said tight SL.
I will add to my current long on any pullback now. Just added at 64 as I type.
Just digging in the trenches like everyone else!
  • #6,738
  • Apr 9, 2009 1:40am Apr 9, 2009 1:40am
Quoting eohater
That was smoked out at 50 in a hurry for a loss of 12. I said tight SL.
Playing prior PA is good for when she's ranging, but when she breaks, she breaks. Now, she's broken north in my eyes. One way to have played that short would have been a SL with an enter long with my SL and get me lost pippage back. She broke the prior PA, she was showing higher lows and matching bottoms.
Just digging in the trenches like everyone else!
  • #6,739
  • Apr 9, 2009 1:48am Apr 9, 2009 1:48am
Prior PA should prove as support now.
Just digging in the trenches like everyone else!
  • #6,740
  • Apr 9, 2009 1:48am Apr 9, 2009 1:48am
I am wary of breakouts during bank holiday weeks. Just going to sit back and take it in, do some studying for now. I can see we've broken above a sort of symmetrical triangle on the 1h but I think horizontal resistance is still in play for now. With all this consolidation though we're going to get one hell of a move once the markets get back to a full week, if not before.
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