Trade what you see NOT what you expect | Page 344 | Forex Factory

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Trade what you see NOT what you expect

  • #6,861
  • Apr 9, 2009 2:01pm Apr 9, 2009 2:01pm
and the H4
Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 23 KB
  • #6,862
  • Apr 9, 2009 2:11pm Apr 9, 2009 2:11pm
Thank you guys for posting your charts!
Just digging in the trenches like everyone else!
  • #6,863
  • Apr 9, 2009 2:18pm Apr 9, 2009 2:18pm
Quoting eohater
Thank you guys for posting your charts!
They probably look familiar, I copied some stuff of a PDF I found somewhere :-)

dont you think black charts are easier on the eye?
  • #6,864
  • Apr 9, 2009 2:23pm Apr 9, 2009 2:23pm
Quoting BenScoobert
They probably look familiar, I copied some stuff of a PDF I found somewhere :-)

dont you think black charts are easier on the eye?
Personal preference bro! I like the white background, I know some who like aqua, black, teal, purple, gray. Whoever is looking at it is who has to be comfortable with them. Key is beign able to read them!
Just digging in the trenches like everyone else!
  • #6,865
  • Apr 9, 2009 2:27pm Apr 9, 2009 2:27pm
with the bounces north, Ive removed the tp you see on my chart, they were just there whilst i went to eat

but im going to bed soon and placed a 30 pip trailer on it, either way now im on a win/win trade, finally broken my run of 10 consecutive loss trades
  • #6,866
  • Apr 9, 2009 2:33pm Apr 9, 2009 2:33pm
Quoting BenScoobert
with the bounces north, Ive removed the tp you see on my chart, they were just there whilst i went to eat

but im going to bed soon and placed a 30 pip trailer on it, either way now im on a win/win trade, finally broken my run of 10 consecutive loss trades
Good job Ben!
Just digging in the trenches like everyone else!
  • #6,867
  • Apr 9, 2009 2:35pm Apr 9, 2009 2:35pm
Just got back.... I closed out my longs fully at 75... seeing that we are going into the last half hour for the dow... there may be some profit taking there....
Patience + Discipline - Greed = Success
  • #6,868
  • Apr 9, 2009 2:35pm Apr 9, 2009 2:35pm
Quoting billye
ok BenScoobert ... delete and cleanuped... hope this one is clearer...

seeing G/U alone, you see Apr.7 and Apr.9 has double bottom.
but look at E/U, Mar.30 and Apr.9 has double bottom
why can this happen? if we look at E/G, from Mar.30 to Apr.9 the E/G shifts relativesly

now greatest puzzle for me is USD/CHF is not double top or anything like that...

so this means the currency system has some significant built-in value change (may temporarily) but things becomes inconsistant recently.

sorry I trade H1 so I did not look at instant price number...
I don't have an answer to your question, but it looks like you're looking for correlation in across currencies, e.g., a 10% decrease in G/U should be matched by a 10% increase across E/U and E/G. I also don't think you'll get the answer you are looking for in this thread as this thread is all about trading with the system described in the pdf on the first page.

On your earlier post asking how Infinity can draw the remaining shoulder of a head and shoulder pattern, and then claim to be trading what he sees, there's a subtle distinction that should be made. It's one thing making out possible scenarios of what you think will happen, this makes sense as price does not follow the random walk model of pricing. By having an idea of what price might do, you still watch what price does if and when it actually reaches those points. Let's say you get a dark cloud cover pattern where you expect the right shoulder of an H&S formation to occur, well, that's powerful convergence and you should take the trade. If you don't get a signal to trade at that point, naturally you'd stay out.

Hope that helps.
  • #6,869
  • Apr 9, 2009 2:37pm Apr 9, 2009 2:37pm
Quoting eohater
Good job Ben!
Thanks, it just hit its trailer

any recommends b4 i hit the hay?
  • #6,870
  • Apr 9, 2009 2:40pm Apr 9, 2009 2:40pm
Quoting BenScoobert
Thanks, it just hit its trailer

any recommends b4 i hit the hay?
I have a recommendation...
Do not forget to party over the weekend...==>
Patience + Discipline - Greed = Success
  • #6,871
  • Apr 9, 2009 2:41pm Apr 9, 2009 2:41pm
Quoting Infinity
Just got back.... I closed out my longs fully at 75... seeing that we are going into the last half hour for the dow... there may be some profit taking there....
Excellent bro! I added to my shorts at 80 and closed them a 64 for positive pippage. No more positions for me until we get through the end of the US Session. How about a range for the rest of the week from 4700 to 4650? We'll see what happens and how it all turns out!
Just digging in the trenches like everyone else!
  • #6,872
  • Apr 9, 2009 2:41pm Apr 9, 2009 2:41pm
Quoting Infinity
I have a recommendation...
Do not forget to party over the weekend...==>
unfortunately i wont get chance, im training to be a train driver and i have tests next week, my focus is on getting enough sleep and revising, but its worth it in the long run, when i qualify its s £38,000 salary for a 37.5 hour week
  • #6,873
  • Apr 9, 2009 2:42pm Apr 9, 2009 2:42pm
Quoting Infinity
I have a recommendation...
Do not forget to party over the weekend...==>
You trading tonight and tomorrow bro?
Just digging in the trenches like everyone else!
  • #6,874
  • Apr 9, 2009 2:43pm Apr 9, 2009 2:43pm
I am out of here hope you all have a happy easter
  • #6,875
  • Apr 9, 2009 2:43pm Apr 9, 2009 2:43pm
Quoting eohater
You trading tonight and tomorrow bro?
Yeah bro... I'll be looking on the m15 for sure...
Patience + Discipline - Greed = Success
  • #6,876
  • Apr 9, 2009 2:44pm Apr 9, 2009 2:44pm
Quoting BenScoobert
unfortunately i wont get chance, im training to be a train driver and i have tests next week, my focus is on getting enough sleep and revising, but its worth it in the long run, when i qualify its s £38,000 salary for a 37.5 hour week
Nothing wrong with that bro! I wish you all the best in your training..
Patience + Discipline - Greed = Success
  • #6,877
  • Apr 9, 2009 2:47pm Apr 9, 2009 2:47pm
Quoting eohater
You trading tonight and tomorrow bro?
How bout you?
Patience + Discipline - Greed = Success
  • #6,878
  • Apr 9, 2009 2:48pm Apr 9, 2009 2:48pm
Quoting Infinity
I have a recommendation...
Do not forget to party over the weekend...==>
AND YOU KNOW THIS MAN!!!!!

HOLLA
  • #6,879
  • Apr 9, 2009 2:49pm Apr 9, 2009 2:49pm
Quoting Infinity
How bout you?
I'll be trading for sure and like you watching the 15m. I don't foresee any major breakouts now.
Just digging in the trenches like everyone else!
  • #6,880
  • Apr 9, 2009 2:50pm Apr 9, 2009 2:50pm
Quoting Infinity
Nothing wrong with that bro! I wish you all the best in your training..
Just gotta get the training out of the way, after that just keep your head down and nose clean.

Theres always someone to fill your boots if you go, 12000 people applied for 20 vacancies when i applied last year.
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