Trade what you see NOT what you expect | Page 464 | Forex Factory

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Trade what you see NOT what you expect

  • #9,261
  • Apr 22, 2009 3:34am Apr 22, 2009 3:34am
Quoting kingindian
anybody short on GB-USD?
is the down trend over?
Yep I'm short from yesterday - looking for 42-ish

But I'll just let it run and keep adjusting the stop
  • #9,262
  • Apr 22, 2009 5:05am Apr 22, 2009 5:05am
Quoting damo9893
short at 4603, took 25 off and covered for +3
can explain what do it meant by +3? is it 3 pips protective stop?
  • #9,263
  • Apr 22, 2009 5:08am Apr 22, 2009 5:08am
I see that she (GU) has come back down from yesterday.

I guess the 1HR 62ema bounce was more like a stall and drop.

Anyway...don't forget UK Annual Budget Release in about 90 minutes.

Until then she will probably stall/range.

HOLLA
  • #9,264
  • Apr 22, 2009 5:10am Apr 22, 2009 5:10am
Quoting win99
can explain what do it meant by +3? is it 3 pips protective stop?
Yes it is Win....

What has been taught is after you have taking some profit, to cover your remaining lots with a protective stop. Some use BE (breakeven) others use +2 or +3.

This way you can not lose on the remainder of the trade.

HOLLA
  • #9,265
  • Apr 22, 2009 5:26am Apr 22, 2009 5:26am
Quoting Turtle
I see that she (GU) has come back down from yesterday.

I guess the 1HR 62ema bounce was more like a stall and drop.

Anyway...don't forget UK Annual Budget Release in about 90 minutes.

Until then she will probably stall/range.

HOLLA
Guess not......

HOLLA
  • #9,266
  • Apr 22, 2009 5:28am Apr 22, 2009 5:28am
Morning everyone
Is anybody going to short on35/50 cross/reverse?
  • #9,267
  • Apr 22, 2009 5:37am Apr 22, 2009 5:37am
Quoting Komissar
Morning everyone
Is anybody going to short on35/50 cross/reverse?
I'm flat........

HOLLA
  • #9,268
  • Apr 22, 2009 5:52am Apr 22, 2009 5:52am
Morning everyone,

Hope your all doing well today, cable finally dropped last night, I managed to get out at BE before I went to sleep. Im not looking to short this at the moment. G/J is looking bullish and has been trading along an ascending trendline for while now with no break. At the moment im looking at 2 things, we might be in a wedge or we might be trading in a new channel, with the top of the channel as the bottom of the old trendline. I cant post a chart at the moment for some reason
  • #9,269
  • Apr 22, 2009 5:55am Apr 22, 2009 5:55am
anyone want to sell it if we close underneath the 1h 62ema?
  • #9,270
  • Apr 22, 2009 5:58am Apr 22, 2009 5:58am
Quoting Turtle
Yes it is Win....

What has been taught is after you have taking some profit, to cover your remaining lots with a protective stop. Some use BE (breakeven) others use +2 or +3.

This way you can not lose on the remainder of the trade.

HOLLA
Thanks.

One more dumb question. how do I post a chart? It asks for URL when I want to add chart. I don't have a URL site. I tried to copy and paste - also cannot work. Help.
  • #9,271
  • Apr 22, 2009 6:07am Apr 22, 2009 6:07am
Quoting ezodisy
anyone want to sell it if we close underneath the 1h 62ema?
Im being very cautious at the moment, I think if we break out of this wedge to the upside we could go flying! USD seems to be having a hard time right now pulling this pair down
  • #9,272
  • Apr 22, 2009 6:09am Apr 22, 2009 6:09am
Quoting PipLand
Im being very cautious at the moment, I think if we break out of this wedge to the upside we could go flying! USD seems to be having a hard time right now pulling this pair down
And Geithner speaks again at 9am.....

HOLLA
  • #9,273
  • Apr 22, 2009 6:10am Apr 22, 2009 6:10am
Quoting win99
Thanks.

One more dumb question. how do I post a chart? It asks for URL when I want to add chart. I don't have a URL site. I tried to copy and paste - also cannot work. Help.
What kind of charts are you using???

HOLLA
  • #9,274
  • Apr 22, 2009 6:17am Apr 22, 2009 6:17am
Quoting Turtle
And Geithner speaks again at 9am.....

HOLLA
oh Joy! Wonder what news (BS) hes got for the market today?
  • #9,275
  • Apr 22, 2009 6:39am Apr 22, 2009 6:39am
Good evening all

Tutle you in any trades at the moment mate?
  • #9,276
  • Apr 22, 2009 6:50am Apr 22, 2009 6:50am
Quoting damo9893
Good evening all

Tutle you in any trades at the moment mate?
I'm flat bro.....

Waiting for the news to clear and a setup to become available.

HOLLA
  • #9,277
  • Apr 22, 2009 6:53am Apr 22, 2009 6:53am
Quoting Turtle
I'm flat bro.....

Waiting for the news to clear and a setup to become available.

HOLLA
What about 62ma bounce off?
It's edging. Up or down?

Stochs are up, but there is hangman forming on 15M.

I'd better grubb a cup of tea.
  • #9,278
  • Apr 22, 2009 6:59am Apr 22, 2009 6:59am
Quoting Komissar
What about 62ma bounce off?
It's edging. Up or down?

Stochs are up, but there is hangman forming on 15M.

I'd better grubb a cup of tea.
Don't know bro....Darling is speaking and at any moment it could shoot one way or another.

HOLLA
  • #9,279
  • Apr 22, 2009 7:01am Apr 22, 2009 7:01am
Quoting Turtle
I'm flat bro.....

Waiting for the news to clear and a setup to become available.

HOLLA
Would you class that as a hangman on the 1H?

Its got a bit of a wick above it.
  • #9,280
  • Edited 7:17am Apr 22, 2009 7:03am | Edited 7:17am
Quoting Turtle
Don't know bro....Darling is speaking and at any moment it could shoot one way or another.

HOLLA
Yeap, it did. Missed it again.

Did anybody catch this drop?
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