Trade what you see NOT what you expect | Page 405 | Forex Factory

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Trade what you see NOT what you expect

  • #8,081
  • Apr 16, 2009 6:36am Apr 16, 2009 6:36am
Quoting Shilva
anybody get the bounce off the 5050 level? It went against me 20 or so but only for a few min's.
Excellent trade Shilva! I did not take the short but I got a long to that level from 4985 last night... My original 4830 long got stopped out +100.. back on the side again..
Patience + Discipline - Greed = Success
  • #8,082
  • Apr 16, 2009 6:41am Apr 16, 2009 6:41am
Quoting Infinity
4780 is the crucial area imo.... we break there... we could head towards 4580...
Spot on Here .......Infinity..
i am short...

lets see where she EOD

baz
  • #8,083
  • Apr 16, 2009 6:47am Apr 16, 2009 6:47am
Quoting baz
Spot on Here .......Infinity..
i am short...

lets see where she EOD

baz
Good job Baz.. I am watching the daily chart as well.. we just touched the 5sma... will be interesting to see what happens from here...
Attached Image (click to enlarge)
Click to Enlarge Name: day.gif Size: 33 KB
Patience + Discipline - Greed = Success
  • #8,084
  • Apr 16, 2009 6:47am Apr 16, 2009 6:47am
Quoting FOURX
hey Rob!

I also took the inverted hangman ,but closed for 12 when it delayed back up the wick.

I find it hard to convince myself that inv. h/man is a reversal signal, not a pinbar for short continuation. (Can anyone spread any light on this?)

Thanks
Hey Ken, Infinity!

Can you shed any light on inverted hangman candles?

thanks
  • #8,085
  • Apr 16, 2009 6:53am Apr 16, 2009 6:53am
Quoting FOURX
Hey Ken, Infinity!

Can you shed any light on inverted hangman candles?

thanks
here are two examples...
Attached Image
Patience + Discipline - Greed = Success
  • #8,086
  • Apr 16, 2009 6:56am Apr 16, 2009 6:56am
Let's see what happens at the broken h1 62ema which is in line with the 21ema on m15...
Patience + Discipline - Greed = Success
  • #8,087
  • Apr 16, 2009 7:02am Apr 16, 2009 7:02am
Quoting KENNETH lEE
What Littile I have on it...
Thanks Ken / Infinity

That is exactly the point i was refering to, whether it will continue or reverse is not clear.

Will look for other confirmation.
  • #8,088
  • Apr 16, 2009 7:03am Apr 16, 2009 7:03am
Quoting KENNETH lEE
What Littile I have on it...
Hey Ken, thanks for posting that chart...
One correction that must be pointed out though is that the candle labelled "A" is actually an inverted hammer and not a hanging man. The difference between the two is that there is a small wick to the bottom of "B" while there is no wick to the bottom of "A". The inverted hanging man is normally more effective when seen at the bottom of a trend rather than at the top..
Patience + Discipline - Greed = Success
  • #8,089
  • Apr 16, 2009 7:06am Apr 16, 2009 7:06am
Quoting FOURX
Thanks Ken / Infinity

That is exactly the point i was refering to, whether it will continue or reverse is not clear.

Will look for other confirmation.
You're welcome Fourx but remember, as with any other pattern or signal, you use stops with it as anything can happen, and often does...
Patience + Discipline - Greed = Success
  • #8,090
  • Apr 16, 2009 7:06am Apr 16, 2009 7:06am
Quoting Infinity
Hey Ken, thanks for posting that chart...
One correction that must be pointed out though is that the candle labelled "A" is actually an inverted hammer and not a hanging man. The difference between the two is that there is a small wick to the bottom of "B" while there is no wick to the bottom of "A". The inverted hanging man is normally more effective when seen at the bottom of a trend rather than at the top..
Thanks for that , Ken
Attached Image (click to enlarge)
Click to Enlarge Name: 10 Inverted Hangman.JPG Size: 197 KB
Good Trading To All ; Ken Lee
  • #8,091
  • Apr 16, 2009 7:08am Apr 16, 2009 7:08am
Quoting KENNETH lEE
Thanks for that , Ken
You're welcome bro..
Patience + Discipline - Greed = Success
  • #8,092
  • Apr 16, 2009 7:12am Apr 16, 2009 7:12am
if yur into trendlines n stuff....we stuck in a range i think..its going to turbulant...me thinks
(lines of the closes)
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 28 KB
  • #8,093
  • Apr 16, 2009 7:13am Apr 16, 2009 7:13am
Quoting Infinity
Let's see what happens at the broken h1 62ema which is in line with the 21ema on m15...
Short?
  • #8,094
  • Apr 16, 2009 7:18am Apr 16, 2009 7:18am
Quoting bosko
Short?
That is entirely up to you if you see a signal to do so.... News coming out in 13 min so be careful...
Patience + Discipline - Greed = Success
  • #8,095
  • Apr 16, 2009 7:21am Apr 16, 2009 7:21am
based on what we seeing today it looking like tomorrow possibly bearish....but the weekly still likely be bullish (next week) assuming i have a crystal ball..
may take a while to push through the shit!
  • #8,096
  • Apr 16, 2009 8:08am Apr 16, 2009 8:08am
Good morning all.

Looks like a mixed bag here. The 15m and H1 charts look like they could be setting up for a shorting opportunity while the H4 chart looks bullish. Any thoughts?
Hi, my name is Barry and you can keep your doctor...
  • #8,097
  • Apr 16, 2009 8:09am Apr 16, 2009 8:09am
Good morning everyone!
Just digging in the trenches like everyone else!
  • #8,098
  • Apr 16, 2009 8:13am Apr 16, 2009 8:13am
hi eo
When life gives you lemons, make lemonade
  • #8,099
  • Apr 16, 2009 8:22am Apr 16, 2009 8:22am
Quoting Infinity
Hey Ken, thanks for posting that chart...
One correction that must be pointed out though is that the candle labelled "A" is actually an inverted hammer and not a hanging man. The difference between the two is that there is a small wick to the bottom of "B" while there is no wick to the bottom of "A". The inverted hanging man is normally more effective when seen at the bottom of a trend rather than at the top..
Thank you bro! That's exactly what I was going to say. Candle "A" is more of a continuation pattern rather than a reversal. It's amazing how 1 pip her or a wick there can make a difference. It's all about the details!
Just digging in the trenches like everyone else!
  • #8,100
  • Apr 16, 2009 8:23am Apr 16, 2009 8:23am
Quoting hussin naiji
have a more green pips for dear all specially EO
Thank you Hussin for your comments! They are always valued!
Just digging in the trenches like everyone else!
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