Trade what you see NOT what you expect | Page 360 | Forex Factory

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Trade what you see NOT what you expect

  • #7,181
  • Apr 12, 2009 7:42am Apr 12, 2009 7:42am
Ive done some observations and noticed a recurring pattern.

I dont know what time zones everyone trades, but for me the market closes at 2300 Friday, and this is the reference point i''l use.

Leading up to this there seems to be a fairly predictable pattern, between 1900 and 2000 hours the price has climbed a decent amount up until 2255.

I have only tested back the last 4 weeks as my broker's server is offline right now, when it comes back online ill check back further. Notable also is that it has always been a rise, regardless of daily trend.

I wondered if it might tally with the D1 200MA, as this has always been falling.

Am I stating the bleedin obvious, or totally wrong? I'll test moe when server is back on.
  • #7,182
  • Apr 12, 2009 8:22am Apr 12, 2009 8:22am
Beware of chocolate easter eggs ,, ( might want to give em sniff first..)

Here is my attempt at a daily..
Attached Image (click to enlarge)
Click to Enlarge Name: My gbp Daily.jpg Size: 130 KB
Good Trading To All ; Ken Lee
  • #7,183
  • Apr 12, 2009 8:40am Apr 12, 2009 8:40am
For you that are watching the other girl. Another attempt at a daily.
Attached Image (click to enlarge)
Click to Enlarge Name: My EJ Daily.jpg Size: 123 KB
Good Trading To All ; Ken Lee
  • #7,184
  • Apr 12, 2009 11:59am Apr 12, 2009 11:59am
Just some more thoughts on PA trading ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 16 PA Trading Range Trading.jpg Size: 144 KB
Click to Enlarge Name: 16a PA Trading Range Trading.jpg Size: 134 KB
Click to Enlarge Name: 16b PA Trading Range Trading.jpg Size: 130 KB
Good Trading To All ; Ken Lee
  • #7,185
  • Apr 12, 2009 1:36pm Apr 12, 2009 1:36pm
Sitting around sipping Bourbon and watching the Masters.

When the market gets going I plan on taking these trades if price action looks right and i am not too !



Any comments?
Attached Image (click to enlarge)
Click to Enlarge Name: april1202.JPG Size: 159 KB
  • #7,186
  • Apr 12, 2009 2:14pm Apr 12, 2009 2:14pm
Quoting Shilva
Sitting around sipping Bourbon and watching the Masters.

When the market gets going I plan on taking these trades if price action looks right and i am not too !



Any comments?

Amazing the difference in charting packages. Look at the last chart I posted and you can see price on mne has gone above the 200 sma by alot all ready.. And the highs on mine are a lot different..
Good Trading To All ; Ken Lee
  • #7,187
  • Apr 12, 2009 2:54pm Apr 12, 2009 2:54pm
Quoting KENNETH lEE
Amazing the difference in charting packages. Look at the last chart I posted and you can see price on mne has gone above the 200 sma by alot all ready.. And the highs on mine are a lot different..
Hay Ken

That high quote on 4/10/09 at 1:30 AM est on the 15m?

My price spread was between 4674 and 4670. If u don't mind...what was yours?

Looks like our ma's are close....thats good!
  • #7,188
  • Apr 12, 2009 2:58pm Apr 12, 2009 2:58pm
Quoting Shilva
Hay Ken

That high quote on 4/10/09 at 1:30 AM est on the 15m?

My price spread was between 4674 and 4670. If u don't mind...what was yours?

Looks like our ma's are close....thats good!
The high was 1.4670 at 1:15 am
My price closed at 1.4680 on friday
Good Trading To All ; Ken Lee
  • #7,189
  • Apr 12, 2009 3:06pm Apr 12, 2009 3:06pm
Quoting KENNETH lEE
The high was 1.4670 at 1:15 am
My price closed at 1.4680 on friday
Yeah my broker closes early and opens late
  • #7,190
  • Apr 12, 2009 3:08pm Apr 12, 2009 3:08pm
Quoting Shilva
Yeah my broker closes early and opens late

GBP has already dropped 50 pips... Darn it.. My primary broker isn't up yet either and Oanda sprd is 10. Now
Good Trading To All ; Ken Lee
  • #7,191
  • Apr 12, 2009 3:31pm Apr 12, 2009 3:31pm
What a Spike. Godd way to lose some money...
Attached Image (click to enlarge)
Click to Enlarge Name: sunday open spike.jpg Size: 119 KB
Good Trading To All ; Ken Lee
  • #7,192
  • Apr 12, 2009 4:54pm Apr 12, 2009 4:54pm
What loony price action....this is why i like to close trades end of day Friday!
  • #7,193
  • Apr 12, 2009 6:29pm Apr 12, 2009 6:29pm
Well.......I guess it was Cabrera's day ...if you were following the Masters...
  • #7,194
  • Apr 12, 2009 10:49pm Apr 12, 2009 10:49pm
Looks like a pretty good set -up for a bounce off the 1 hr 62.

I'm short.

Any one else in?
  • #7,195
  • Apr 13, 2009 12:24am Apr 13, 2009 12:24am
Well that didn't go as planned.

  • #7,196
  • Apr 13, 2009 12:55am Apr 13, 2009 12:55am
Quoting longfellaz
Looks like a pretty good set -up for a bounce off the 1 hr 62.

I'm short.

Any one else in?
thats the problem with ma's, its certainly not price action.
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  • #7,197
  • Apr 13, 2009 4:50am Apr 13, 2009 4:50am
Quoting F.T.A
thats the problem with ma's, its certainly not price action.
Agree 100% No one ever said the MA's are price action. We are using them as floating Support and Resistance areas. Then Trading how the price ACTs at them. It did bounce off it for quick 10 pips or so. But the big trade would have been to wait for it to break above then the retest of it then to go long.. If you are really good you took both trades,
Attached Image (click to enlarge)
Click to Enlarge Name: 62 breakout.jpg Size: 109 KB
Good Trading To All ; Ken Lee
  • #7,198
  • Apr 13, 2009 4:56am Apr 13, 2009 4:56am
Then of course while I am working on that post the price comes back down to the 62 ema 1 hr and bounces up over 30 pips...
Good Trading To All ; Ken Lee
  • #7,199
  • Apr 13, 2009 5:21am Apr 13, 2009 5:21am
Quoting KENNETH lEE
Then of course while I am working on that post the price comes back down to the 62 ema 1 hr and bounces up over 30 pips...
haha, that seems to happen to me all the time too.
  • #7,200
  • Apr 13, 2009 7:08am Apr 13, 2009 7:08am
It sure is quiet today, is everyone still on there holiday break lol.
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