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Trade what you see NOT what you expect

  • #8,381
  • Apr 17, 2009 12:42am Apr 17, 2009 12:42am
Quoting m0N5Ta
Hi Eo and the tri-star set,

I am seeing H&S too, but will not short until she reaching 4810, look like it could not break yesterday's low yet.

I was wondering how can you so sure why it is not H&S , I could not figure out why.

Happy trading all
I never said it wasn't a shampoo pattern on the h1 or even h4, I just said I can see it going one direction for the next 1-2 hours and asked for people to explain to me why. I'm short. I also have a long position. I've taken profit on my short and I'm covered and I'm green on my long. I believe I said early in the US Session I saw shampoo forming on the h1 and even h4 and posted a chart about it.
Just digging in the trenches like everyone else!
  • #8,382
  • Apr 17, 2009 12:44am Apr 17, 2009 12:44am
Quoting m0N5Ta
Hi Eo and the tri-star set,

I am seeing H&S too, but will not short until she reaching 4810, look like it could not break yesterday's low yet.

I was wondering how can you so sure why it is not H&S , I could not figure out why.

Happy trading all
I see the right shoulder is slightly higher then the left, is this the reason why it is not a true form of H&S, if it is forming in the shape of the right should lower than the left then it is more reliable? want to hear your opinion.

Cheers,
Many happy pips returned ...
  • #8,383
  • Apr 17, 2009 12:45am Apr 17, 2009 12:45am
Somehow , your expecting a return to the 50/62 on the 1H?
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  • #8,384
  • Apr 17, 2009 12:46am Apr 17, 2009 12:46am
Quoting almo
Hi EO,


Unfortunately....I am not seeing it either.....seeing the Shampoo.....

I'll be on for a bit...I'll try to find out your reasoning I hope !
If someone doesn't try a response other than shampoo and can't see it, then I can't post my charts as to why. 7m left for an explaination other than all I see is shampoo. I also said short around 4:15pm est around 4935 and SL on the other side of the h1 wick which would put the SL around 4965 and there was a max draw down of 9pips and and over 80 positive pips....I'm just try to help you guys see it, that's all.
Just digging in the trenches like everyone else!
  • #8,385
  • Apr 17, 2009 12:46am Apr 17, 2009 12:46am
Quoting eohater
I'll give you 30m to tell me. if you don't try I won't post why
This is what I see....

If you look at your 15M chart it looks like a double bottom, with Support at around 4840, which we tested once already.

If you look at your 1HR...possible triple bottom, with a possible inverted Hammer set up or 2 bar Pin if we close above 4882.

Then we look towards MA's, where the first test would be 4900 on which is the 1HR 62ema area that lines up with the 35/50 on the 15M.

A break there and we could see 4925 -4950 area.

Am I getting it??? :nerd:

HOLLA
  • #8,386
  • Apr 17, 2009 12:48am Apr 17, 2009 12:48am
Quoting eohater
If someone doesn't try a response other than shampoo and can't see it, then I can't post my charts as to why. 7m left for an explaination other than all I see is shampoo. I also said short around 4:15pm est around 4935 and SL on the other side of the h1 wick which would put the SL around 4965 and there was a max draw down of 9pips and and over 80 positive pips....I'm just try to help you guys see it, that's all.
EO,

Believe me , I (and I think its safe for me to say 'We all') appreciate your help. I for one, like these quizzes...they make us think about how we are to approach the trades.

-Al Mo
  • #8,387
  • Apr 17, 2009 12:50am Apr 17, 2009 12:50am
Quoting eohater
I never said it wasn't a shampoo pattern on the h1 or even h4, I just said I can see it going one direction for the next 1-2 hours and asked for people to explain to me why. I'm short. I also have a long position. I've taken profit on my short and I'm covered and I'm green on my long. I believe I said early in the US Session I saw shampoo forming on the h1 and even h4 and posted a chart about it.
Sorry I was misunderstanding, normally before the EU/UK session open it always has a small retrace, because the asia market is closing for the weekend, is this right?
Many happy pips returned ...
  • #8,388
  • Apr 17, 2009 12:52am Apr 17, 2009 12:52am
Quoting Turtle
This is what I see....

If you look at your 15M chart it looks like a double bottom, with Support at around 4840, which we tested once already.

If you look at your 1HR...possible triple bottom, with a possible inverted Hammer set up or 2 bar Pin if we close above 4882.

Then we look towards MA's, where the first test would be 4900 on which is the 1HR 62ema area that lines up with the 35/50 on the 15M.

A break there and we could see 4925 -4950 area.

Am I getting it??? :nerd:

HOLLA
Also half way through this 4HR bar your getting and nice little Hammer going.

HOLLA
  • #8,389
  • Apr 17, 2009 1:00am Apr 17, 2009 1:00am
I'm getting my chart together, but laughing at how the market can be manipulated just like we saw in the last 2m on the last 15m candle.
Just digging in the trenches like everyone else!
  • #8,390
  • Apr 17, 2009 1:00am Apr 17, 2009 1:00am
My bed is calling - I'll be on tomorrow.

TIA,

-Al Mo
  • #8,391
  • Apr 17, 2009 1:03am Apr 17, 2009 1:03am
Quoting eohater
I'm getting my chart together, but laughing at how the market can be manipulated just like we saw in the last 2m on the last 15m candle.
Yeah the 1HR became indecisive to me and the 15M didn't closed above the 10 and the 21.

HOLLA
  • #8,392
  • Apr 17, 2009 1:04am Apr 17, 2009 1:04am
I can't stop laughing at this shit. If anyone doesn't believe the market can be manipulated, you just saw it! Here's my chart as to why I said what I said earlier about headed towards 492x-494x. We also just closed the h1 with an inverted hanging man, but I'm not willing to go long again on her after she ate my long at BE. Cost me my commission on the trade, but no other loss, my shorts like it, but there not that heavy anymore.
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Just digging in the trenches like everyone else!
  • #8,393
  • Apr 17, 2009 1:08am Apr 17, 2009 1:08am
Quoting eohater
I can't stop laughing at this shit. If anyone doesn't believe the market can be manipulated, you just saw it! Here's my chart as to why I said what I said earlier about headed towards 492x-494x. We also just closed the h1 with an inverted hanging man, but I'm not willing to go long again on her after she ate my long at BE. Cost me my commission on the trade, but no other loss, my shorts like it, but there not that heavy anymore.
So if we close below the wick of that candle then you would be looking for the next wick???

HOLLA
  • #8,394
  • Apr 17, 2009 1:09am Apr 17, 2009 1:09am
TP target #2 on my short position was just hit at 4790.
Just digging in the trenches like everyone else!
  • #8,395
  • Apr 17, 2009 1:11am Apr 17, 2009 1:11am
Quoting Turtle
So if we close below the wick of that candle then you would be looking for the next wick???

HOLLA
I don't understand bro?
Just digging in the trenches like everyone else!
  • #8,396
  • Apr 17, 2009 1:15am Apr 17, 2009 1:15am
Quoting eohater
TP target #2 on my short position was just hit at 4790.

What was your initial entry on your shorts again?? :nerd:

HOLLA
  • #8,397
  • Apr 17, 2009 1:17am Apr 17, 2009 1:17am
Quoting eohater
I don't understand bro?
Scratch that...doesn't make sense to me either....my friend is kickin in.

Long setup was there until the last two minutes when it felt like a bungee jump!!

HOLLA
  • #8,398
  • Apr 17, 2009 1:23am Apr 17, 2009 1:23am
Quoting Turtle
What was your initial entry on your shorts again?? :nerd:

HOLLA
4894
Just digging in the trenches like everyone else!
  • #8,399
  • Apr 17, 2009 1:29am Apr 17, 2009 1:29am
yo eo

u think it's a little early for that H&S to complete
that we were talking about earlier???

Just got home to see this dropping
what do ya think

don't forget get yahoo IM - only takes a minute to set-up
  • #8,400
  • Apr 17, 2009 1:31am Apr 17, 2009 1:31am
Quoting micho
we might go to 1.47x yes but we can also go up without going to 1.47x
i wait and see
you can wait .but now we have seen under 1.48
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