Trade what you see NOT what you expect | Page 448 | Forex Factory

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Trade what you see NOT what you expect

  • #8,941
  • Apr 21, 2009 5:46am Apr 21, 2009 5:46am
Quoting Turtle
Damo.......

I wouldn't be looking for a short if the action is above the 1HR 10sma(yellow), longs are in play right now. But looking at my 4HR there is resistance at the 4600 level with the 10(purple) and 150(brown), plus she is above my 5(yellow). And on my 15M, she is above all MA's.

So right now she is caught in between for me and I need to look for a better setup.

Hope that helps

HOLLA
Damo......

Here comes support, she either bounces or breaks.

HOLLA
  • #8,942
  • Apr 21, 2009 5:48am Apr 21, 2009 5:48am
Quoting Turtle
Damo.......

I wouldn't be looking for a short if the action is above the 1HR 10sma(yellow), longs are in play right now. But looking at my 4HR there is resistance at the 4600 level with the 10(purple) and 150(brown), plus she is above my 5(yellow). And on my 15M, she is above all MA's.

So right now she is caught in between for me and I need to look for a better setup.

Hope that helps

HOLLA
Thanks for clearing that up turtle, and because of that i realized i was missing a couple of MA's off my 4H the 10 and the 150 .

Thanks again mate
  • #8,943
  • Apr 21, 2009 5:54am Apr 21, 2009 5:54am
Quoting damo9893
Thanks for clearing that up turtle, and because of that i realized i was missing a couple of MA's off my 4H the 10 and the 150 .

Thanks again mate
Don't worry I miss it too, should off took the pin off the 1HR, knowing the wick was longer than the body and also realizing that it would take an hour for this bar to play out.

Live and learn.....

HOLLA
  • #8,944
  • Apr 21, 2009 6:01am Apr 21, 2009 6:01am
Quoting Turtle
Don't worry I miss it too, should off took the pin off the 1HR, knowing the wick was longer than the body and also realizing that it would take an hour for this bar to play out.

Live and learn.....

HOLLA
So, 1H pin was valid?
  • #8,945
  • Apr 21, 2009 6:12am Apr 21, 2009 6:12am
I was away from the computer but did anyone take the 35/50 reversal trade , or the short from the re-test off the 35/50/5 ma's Just drawing our attention to the possiblities. Inverted hangamn on the mistress maybe..
Good Trading To All ; Ken Lee
  • #8,946
  • Apr 21, 2009 6:13am Apr 21, 2009 6:13am
The gbp and the E/J have bounced off the 61.8% fib also... We will see ?????
Good Trading To All ; Ken Lee
  • #8,947
  • Apr 21, 2009 6:18am Apr 21, 2009 6:18am
If the 4 hr continues the way it is looking might be getting ready for the short train again. 40 min to go though..
Good Trading To All ; Ken Lee
  • #8,948
  • Apr 21, 2009 6:22am Apr 21, 2009 6:22am
Quoting KENNETH lEE
I was away from the computer but did anyone take the 35/50 reversal trade , or the short from the re-test off the 35/50/5 ma's Just drawing our attention to the possiblities. Inverted hangamn on the mistress maybe..
Ken, I didn't see 35/50 cross reversal opportunity.
  • #8,949
  • Apr 21, 2009 6:24am Apr 21, 2009 6:24am
Quoting Komissar
So, 1H pin was valid?
For that 6-7am period it was.

Went long @ 4538, took some profit and covered.

HOLLA
  • #8,950
  • Apr 21, 2009 6:29am Apr 21, 2009 6:29am
Quoting Turtle
For that 6-7am period it was.

Went long @ 4538, took some profit and covered.

HOLLA
S/L hit.....next setup.

HOLLA
  • #8,951
  • Apr 21, 2009 6:33am Apr 21, 2009 6:33am
Quoting Turtle
S/L hit.....next setup.

HOLLA
Good job bro! I still have short soldiers marching. I added more at 4600 around 5:00am this morning, took some profit, grabbed some sleep and still covered green. I'm headed for the shower, see everyone in a couple hours after I get my son to school.
Just digging in the trenches like everyone else!
  • #8,952
  • Apr 21, 2009 6:35am Apr 21, 2009 6:35am
took to quick scalps.. gbp when priced went up and touched the last 1 hr open price 1.4562 and the mistress touch and failure of the ma's already out , That is how I am ,, can't holdem,,, Get the entries first, work on the exits next...
Good Trading To All ; Ken Lee
  • #8,953
  • Apr 21, 2009 6:46am Apr 21, 2009 6:46am
Quoting eohater
Good job bro! I still have short soldiers marching. I added more at 4600 around 5:00am this morning, took some profit, grabbed some sleep and still covered green. I'm headed for the shower, see everyone in a couple hours after I get my son to school.
Nice job yourself bro.

Took a quick short @ 4536...took +8 and closed.

Price seems to be hanging in this 4525 area, with 4HR traders coming online.

Next setup please......

HOLLA
  • #8,954
  • Apr 21, 2009 7:20am Apr 21, 2009 7:20am
Good morning everyone! I missed the London open. I did manage to get a few on the retest of the ma's on EJ. How is everyone doing?
  • #8,955
  • Apr 21, 2009 7:22am Apr 21, 2009 7:22am
Quoting PippiNole
Good morning everyone! I missed the London open. I did manage to get a few on the retest of the ma's on EJ. How is everyone doing?
Morning mate, well evening for me
  • #8,956
  • Apr 21, 2009 7:25am Apr 21, 2009 7:25am
Quoting PippiNole
Good morning everyone! I missed the London open. I did manage to get a few on the retest of the ma's on EJ. How is everyone doing?
When you say the retest of the MA's are you talking about the 5oclock and 1oclock trades or are these different. If you have time could you please elaborate champ.
  • #8,957
  • Apr 21, 2009 7:35am Apr 21, 2009 7:35am
Quoting damo9893
When you say the retest of the MA's are you talking about the 5oclock and 1oclock trades or are these different. If you have time could you please elaborate champ.
When there is a 35/50 rev trade price goes back and retests the ma's. Depending on the trend price may either carry on through the ma's or retest and continue back from where it came. I look at the higher time frame in order to determine which scenario I think may occur.
  • #8,958
  • Apr 21, 2009 7:37am Apr 21, 2009 7:37am
Quoting PippiNole
When there is a 35/50 rev trade price goes back and retests the ma's. Depending on the trend price may either carry on through the ma's or retest and continue back from where it came. I look at the higher time frame in order to determine which scenario I think may occur.
Ok cheers for that, do you wait for a reversal candle on one of the MA's or do you take the trade mid candle.

Thanks again, Damo
  • #8,959
  • Apr 21, 2009 7:41am Apr 21, 2009 7:41am
That would be entirely up to you.
  • #8,960
  • Apr 21, 2009 7:41am Apr 21, 2009 7:41am
up to the 1h 62ema for a short would be perfect
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