Trade what you see NOT what you expect | Page 406 | Forex Factory

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Trade what you see NOT what you expect

  • #8,101
  • Apr 16, 2009 6:24am Apr 16, 2009 6:24am
Quoting Infinity
here are two examples...
Excellent stuff brother!
Just digging in the trenches like everyone else!
  • #8,102
  • Apr 16, 2009 6:29am Apr 16, 2009 6:29am
Quoting cisco
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?
Good morning..
I took the south train at 1.4940, now SL at + 16, and target 1.4890
"Even A Thousand Mile Journey Begins with the First Step"
  • #8,103
  • Apr 16, 2009 6:31am Apr 16, 2009 6:31am
Quoting analizer
Good morning..
I took the south train at 1.4940, now SL at + 16, and target 1.4890
Good entry price! Same price I got, but I've taken 20 off and covered at +3 on the rest. I'm targeting 4870 for my next TP.
Just digging in the trenches like everyone else!
  • #8,104
  • Apr 16, 2009 6:31am Apr 16, 2009 6:31am
Quoting analizer
Good morning..
I took the south train at 1.4940, now SL at + 16, and target 1.4890
very likely, will be looking to buy at that area
When life gives you lemons, make lemonade
  • #8,105
  • Apr 16, 2009 6:34am Apr 16, 2009 6:34am
Quoting analizer
Good morning..
I took the south train at 1.4940, now SL at + 16, and target 1.4890
Good trading. Lots of confluence around 1.4940.
Hi, my name is Barry and you can keep your doctor...
  • #8,106
  • Apr 16, 2009 6:36am Apr 16, 2009 6:36am
Quoting eohater
Good entry price! Same price I got, but I've taken 20 off and covered at +3 on the rest. I'm targeting 4870 for my next TP.
Thats my usually fault... not to lock greens in the way... anyway, I will close 2/3 position at ...90 . Hope to learn more
"Even A Thousand Mile Journey Begins with the First Step"
  • #8,107
  • Apr 16, 2009 6:43am Apr 16, 2009 6:43am
Hi Guys,

can I ask, was there a specific trigger for that short at that price or are you trading from experience/instinct.

I ask because I was really tempted to short but I couldn't confirm with a signal and yet it appears it would have been right.

Thanks

Rob




Quoting eohater
Good entry price! Same price I got, but I've taken 20 off and covered at +3 on the rest. I'm targeting 4870 for my next TP.
  • #8,108
  • Apr 16, 2009 6:46am Apr 16, 2009 6:46am
Another beautiful day to make some pips!!!

HOLLA
  • #8,109
  • Apr 16, 2009 6:49am Apr 16, 2009 6:49am
I think sub consciously I was hesitating believing the 15min 35/50 cross would occur LOL

Too cautious on some and too premature on others


Quoting robgsxr
Hi Guys,

can I ask, was there a specific trigger for that short at that price or are you trading from experience/instinct.

I ask because I was really tempted to short but I couldn't confirm with a signal and yet it appears it would have been right.

Thanks

Rob
  • #8,110
  • Apr 16, 2009 6:54am Apr 16, 2009 6:54am
Quoting robgsxr
Hi Guys,

can I ask, was there a specific trigger for that short at that price or are you trading from experience/instinct.

I ask because I was really tempted to short but I couldn't confirm with a signal and yet it appears it would have been right.

Thanks

Rob
The Ma's are used as Floating S/R lines . Only 2 types of trades . A bounce or a breakout. It didn't breakout So a bounce back down... As I see it..it also was a strong regular Support / Resistance line..

We Ma's every where ..The 50 sma on the 1 hr and the 200sma ,35 sma and the 50 ema on the 15 had converged pretty close together.
Good Trading To All ; Ken Lee
  • #8,111
  • Apr 16, 2009 6:54am Apr 16, 2009 6:54am
Quoting robgsxr
Hi Guys,

can I ask, was there a specific trigger for that short at that price or are you trading from experience/instinct.

I ask because I was really tempted to short but I couldn't confirm with a signal and yet it appears it would have been right.

Thanks

Rob
Hi Rob, my trigger was the flat close on the 15m 35/50.
Just digging in the trenches like everyone else!
  • #8,112
  • Apr 16, 2009 7:01am Apr 16, 2009 7:01am
Thanks Ken and EO

One more thing that would be the 50 ema not sma on the 15 min. In that case I see it

I really like this style of trading you have to think and be wide awake.

great stuff guys




Quoting eohater
Hi Rob, my trigger was the flat close on the 15m 35/50.
  • #8,113
  • Apr 16, 2009 7:02am Apr 16, 2009 7:02am
Quoting robgsxr
Thanks Ken and EO

One more thing that would be the 50 ema not sma on the 15 min. In that case I see it

I really like this style of trading you have to think and be wide awake.

great stuff guys
That's right the 50ema not sma. I have both on my charts though
Just digging in the trenches like everyone else!
  • #8,114
  • Apr 16, 2009 7:17am Apr 16, 2009 7:17am
Quoting robgsxr
Hi Guys,

can I ask, was there a specific trigger for that short at that price or are you trading from experience/instinct.

I ask because I was really tempted to short but I couldn't confirm with a signal and yet it appears it would have been right.

Thanks

Rob
Hi Rob, maybe these pictures could help.

1. There was an old resistance at 4hr TF around 1.4950 & also the trend at this chart looked bearish from last 3 candles (also seen at 1hr TF).
2. There was a retracement that rebound at 50 fibo, old resistance and 35 SMA/50EMA... So I shorted it and took some greens.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Apr. 16 09.14.gif Size: 23 KB
"Even A Thousand Mile Journey Begins with the First Step"
  • #8,115
  • Apr 16, 2009 7:19am Apr 16, 2009 7:19am
Has been dud this whole month........

HOLLA
  • #8,116
  • Apr 16, 2009 7:23am Apr 16, 2009 7:23am
Hi Everyone,


I just wanted to say I've been a lurker for quite sometime in this thread, but never actually posted.

I don't actually even trade the GBP, I trade the EUR, but I find there is still useful information in here along with positive energy.

Kudos out to EO, Infinity and others for doing a great job helping people. By the way This is the only thread I actually consistently visit.


Keep up the good work
  • #8,117
  • Apr 16, 2009 7:24am Apr 16, 2009 7:24am
Quoting Seven9ine
Hi Everyone,


I just wanted to say I've been a lurker for quite sometime in this thread, but never actually posted.

I don't actually even trade the GBP, I trade the EUR, but I find there is still useful information in here along with positive energy.

Kudos out to EO, Infinity and others for doing a great job helping people. By the way This is the only thread I actually consistently visit.


Keep up the good work

Welcome my friend.....


HOLLA
  • #8,118
  • Apr 16, 2009 7:28am Apr 16, 2009 7:28am
Quoting Seven9ine
Hi Everyone,


I just wanted to say I've been a lurker for quite sometime in this thread, but never actually posted.

I don't actually even trade the GBP, I trade the EUR, but I find there is still useful information in here along with positive energy.

Kudos out to EO, Infinity and others for doing a great job helping people. By the way This is the only thread I actually consistently visit.


Keep up the good work
Thank you Seven9ine! I'm glad your finding valuable information here. All the PA will work the same on EU or any other pairs. As to the ma's we use on GU, I'm not sure how price reacts on other pairs. Example being the close across the 15m 35/50 and reverse order or the bounce off the h1 62ema. But one thing is for sure, PA is PA and it will lead the way. Feel free to share any insights you might have or questions.

Trade well!
EO
Just digging in the trenches like everyone else!
  • #8,119
  • Apr 16, 2009 7:35am Apr 16, 2009 7:35am
Thanks Analizer,
I will keep them in my library of setups.
This thread really is a great help driven by a group of genuine contributors.
My thanks to all who are always so willing to offer their knowledge





Quoting analizer
Hi Rob, maybe these pictures could help.

1. There was an old resistance at 4hr TF around 1.4950 & also the trend at this chart looked bearish from last 3 candles (also seen at 1hr TF).
2. There was a retracement that rebound at 50 fibo, old resistance and 35 SMA/50EMA... So I shorted it and took some greens.
  • #8,120
  • Apr 16, 2009 7:40am Apr 16, 2009 7:40am
Hey Eo,


I don't actually use MA's at all, I just use support and resistance. I am looking into some candle formations to give me some extra insight. And you guys seem to know this quite well.

But I do also notice that the EUR and the GBP move similar, its just the moves on the GBP as much more apparent, thus more pips. I guess I play it safer

As of now, i see if the GBP breaks the 4900 quite strong, then I would like a further down movement, if not then I would watch it to break 4920.
Thats just what I see by looking at it.
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