Trade what you see NOT what you expect | Page 371 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

How soon after you put on a trade do you expect to be "in the money"? 28 replies

How do you see trading - Do you see it as a means to an end? 12 replies

how long do you expect to trade? 10 replies

Trade What You See And Not What You Hope 0 replies

Attachments: Trade what you see NOT what you expect
Exit Attachments

Trade what you see NOT what you expect

  • #7,401
  • Apr 14, 2009 7:13am Apr 14, 2009 7:13am
Morning prognosticators.

I see there's no major news coming out of the UK this week. All the important data is from the U.S. Doesn't seem fair to me.

Al, I see you're lurking down there. What's your view?
Hi, my name is Barry and you can keep your doctor...
  • #7,402
  • Apr 14, 2009 7:16am Apr 14, 2009 7:16am
Quoting Infinity
I think so... but based on what I am seeing, I would rather long there than short to there... pa will lead the way...
We did'nt quite get to the 4780 level.. But as I said the bulls were definitely stonger so I preferred to long on a dip, which I did at 4840, I closed most at 4920 and covered +8 atm... today's daily close will be interesting...
Patience + Discipline - Greed = Success
  • #7,403
  • Apr 14, 2009 7:21am Apr 14, 2009 7:21am
An inverted H&S on the H1?
Attached Image
Hi, my name is Barry and you can keep your doctor...
  • #7,404
  • Apr 14, 2009 7:57am Apr 14, 2009 7:57am
Hi Guys, Cisco,

Yes, She has been a bit of a slapper. The issue as I see it fundamentally is still that the weak pound is a product of the financial crisis and the weakness in the banks. There has been some good news for the banks lately, Wells Fargo, and today Goldman Sachs douubling earnings estimates. But at the moment their shares are pulling back strongly.

I dont think there is enough confidence to drive a strong bull based on that solely, so I am not holding the longs if the PA says no. On this retail data, both Footsie and Dow Futures are printing red lines so there should still be some risk aversion coming into the trades still.

I am short currently and still hanging in there for more tumble time before I open the longs again. At this stage I am targeting the London lows. $Yen is also selling off strongly which is also often a sign of risk aversion.

Quoting cisco
Morning prognosticators.

I see there's no major news coming out of the UK this week. All the important data is from the U.S. Doesn't seem fair to me.

Al, I see you're lurking down there. What's your view?
Ride the Bulls bearback!
  • #7,405
  • Apr 14, 2009 8:06am Apr 14, 2009 8:06am
Inverted hangman on 15min, also thro' all the ma's?

good for a long?
  • #7,406
  • Apr 14, 2009 8:11am Apr 14, 2009 8:11am
Good morning folks....


HOLLA
  • #7,407
  • Apr 14, 2009 8:12am Apr 14, 2009 8:12am
I'm watching this green tl....
Attached Image
Patience + Discipline - Greed = Success
  • #7,408
  • Apr 14, 2009 8:13am Apr 14, 2009 8:13am
Quoting Turtle
Good morning folks....


HOLLA
Patience + Discipline - Greed = Success
  • #7,409
  • Apr 14, 2009 8:17am Apr 14, 2009 8:17am
Quoting Infinity
Good Morning gentlemen and ladies!
Just digging in the trenches like everyone else!
  • #7,410
  • Apr 14, 2009 8:19am Apr 14, 2009 8:19am
Quoting eohater
Good Morning gentlemen and ladies!
Good morning Sir!
Patience + Discipline - Greed = Success
  • #7,411
  • Apr 14, 2009 8:19am Apr 14, 2009 8:19am
Quoting Infinity
We did'nt quite get to the 4780 level.. But as I said the bulls were definitely stonger so I preferred to long on a dip, which I did at 4840, I closed most at 4920 and covered +8 atm... today's daily close will be interesting...
Good job bro! My short from yesterday was closed out at BE. I went short this morning at 4920 and tp at 4880 myself. Currently on the sides waiting for a new seat.
Just digging in the trenches like everyone else!
  • #7,412
  • Apr 14, 2009 8:22am Apr 14, 2009 8:22am
For the EU shoppers. I took the short at 3375 yesterday after the close of the US Session, I've taken partial profit and covered the rest at +3.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.PNG Size: 42 KB
Just digging in the trenches like everyone else!
  • #7,413
  • Apr 14, 2009 8:24am Apr 14, 2009 8:24am
Quoting Infinity
I'm watching this green tl....
Nice chart bro!
Just digging in the trenches like everyone else!
  • #7,414
  • Apr 14, 2009 8:27am Apr 14, 2009 8:27am
Quoting eohater
For the EU shoppers. I took the short at 3375 yesterday after the close of the US Session, I've taken partial profit and covered the rest at +3.
Good job on those trades bro! Eu looks to have retraced to the daily 5sma... it could head up from here.. but as you mentioned yesterday...1.29 could be on too...

Both eu and gu are at critical levels right now...
Patience + Discipline - Greed = Success
  • #7,415
  • Apr 14, 2009 8:30am Apr 14, 2009 8:30am
Quoting eohater
Good Morning gentlemen and ladies!
Good morning! I survived the HS.
  • #7,416
  • Apr 14, 2009 8:30am Apr 14, 2009 8:30am
Quoting Infinity
Good job on those trades bro! Eu looks to have retraced to the daily 5sma... it could head up from here.. but as you mentioned yesterday...1.29 could be on too...

Both eu and gu are at critical levels right now...




HOLLA
  • #7,417
  • Apr 14, 2009 8:31am Apr 14, 2009 8:31am
Quoting Infinity
Good job on those trades bro! Eu looks to have retraced to the daily 5sma... it could head up from here.. but as you mentioned yesterday...1.29 could be on too...

Both eu and gu are at critical levels right now...
Agreed on both! Since I don't intraday trade EU and I've taken partial profit, the remaining position can be taken out at +3 and I will not be disappointed.
Just digging in the trenches like everyone else!
  • #7,418
  • Apr 14, 2009 8:31am Apr 14, 2009 8:31am
Quoting PippiNole
Good morning! I survived the HS.
Just digging in the trenches like everyone else!
  • #7,419
  • Apr 14, 2009 8:33am Apr 14, 2009 8:33am
Quoting eohater
Nice chart bro!
Thanks bro! I am watching the next hour close...... I took a quick scalp off the tl for 30 pips just now... but judging by the dow, we may be heading down soon... the tl holds the key for me... Also we could have a double top coming up at the 4930-50 level
Patience + Discipline - Greed = Success
  • #7,420
  • Apr 14, 2009 8:34am Apr 14, 2009 8:34am
Quoting eohater
Agreed on both! Since I don't intraday trade EU and I've taken partial profit, the remaining position can be taken out at +3 and I will not be disappointed.
I like your style...
Patience + Discipline - Greed = Success
3 traders viewing now