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Trade what you see NOT what you expect

  • #9,661
  • Apr 23, 2009 10:02am Apr 23, 2009 10:02am
Quoting PipLand
wheres your SL Eo? I see 4620 then 4650 resistance
This is not a trade idea but the positioning of EG and Eu suggest that 4620 is going to contain cable
  • #9,662
  • Apr 23, 2009 10:04am Apr 23, 2009 10:04am
My H4 closed 2 hours ago with a hanging man. The market totally ignored it.
Hi, my name is Barry and you can keep your doctor...
  • #9,663
  • Apr 23, 2009 10:06am Apr 23, 2009 10:06am
Quoting PipLand
This is not a trade idea but the positioning of EG and Eu suggest that 4620 is going to contain cable
4610 was my SL, I see 4660 from the trendline of the right sholder of the shampoo. Here's a chart.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.PNG Size: 59 KB
Just digging in the trenches like everyone else!
  • #9,664
  • Apr 23, 2009 10:08am Apr 23, 2009 10:08am
bounced right off the top line
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  • #9,665
  • Apr 23, 2009 10:13am Apr 23, 2009 10:13am
EO, Ben...nice charts. I wish I could show a chart of my friggin frustration!
Hi, my name is Barry and you can keep your doctor...
  • #9,666
  • Apr 23, 2009 10:15am Apr 23, 2009 10:15am
Quoting eohater
4610 was my SL, I see 4660 from the trendline of the right sholder of the shampoo. Here's a chart.
cheers for the chart Eo, I saw 4620 as fib from yesterday that has provided previous S&R. I see the same level after that 4650 - 4660 which should be much stronger resistance
  • #9,667
  • Apr 23, 2009 10:16am Apr 23, 2009 10:16am
Quoting eohater
4610 was my SL, I see 4660 from the trendline of the right sholder of the shampoo. Here's a chart.
Nice chart, but this H&S looks like Quasimodo.

BTW, pin on 15M
  • #9,668
  • Apr 23, 2009 10:17am Apr 23, 2009 10:17am
Quoting cisco
EO, Ben...nice charts. I wish I could show a chart of my friggin frustration!
Id draw you one, but i dont have a bright enough red for the trendline :-)

theres always another trade
  • #9,669
  • Apr 23, 2009 10:17am Apr 23, 2009 10:17am
Quoting BenScoobert
bounced right off the top line
Well spotted Ben, i was too focused on the downward wedge that i missed the top of the channel up!
  • #9,670
  • Apr 23, 2009 10:17am Apr 23, 2009 10:17am
Quoting BenScoobert
bounced right off the top line
Nice chart Ben! Good eye!
Just digging in the trenches like everyone else!
  • #9,671
  • Apr 23, 2009 10:20am Apr 23, 2009 10:20am
Hi, can somebody tell me what the resistance price will hold for down from now? Thanks.

I mean if it down now, what is the resistance?
  • #9,672
  • Apr 23, 2009 10:20am Apr 23, 2009 10:20am
Quoting eohater
Nice chart Ben! Good eye!
lucky, however, i was busy drawing lines and missed the short........
  • #9,673
  • Apr 23, 2009 10:21am Apr 23, 2009 10:21am
Quoting HelenaY
Hi, can somebody tell me what the resistance price for down from now? Thanks.
you mean support? for down? if so i would be carefull around the top of the previous wedge down around 4570
  • #9,674
  • Apr 23, 2009 10:21am Apr 23, 2009 10:21am
I'm still holding short. Come on London fix!
Hi, my name is Barry and you can keep your doctor...
  • #9,675
  • Apr 23, 2009 10:22am Apr 23, 2009 10:22am
Quoting BenScoobert
lucky, however, i was busy drawing lines and missed the short........
And just as an after thought, I probably wouldnt have taken it anyway, it was bounding up a fast rate and i wouldnt have the plums to pull the trigger.
  • #9,676
  • Apr 23, 2009 10:22am Apr 23, 2009 10:22am
Quoting HelenaY
Hi, can somebody tell me what the resistance price will hold for down from now? Thanks.

I mean if it down now, what is the resistance?

2.2000...maybe!
Hi, my name is Barry and you can keep your doctor...
  • #9,677
  • Apr 23, 2009 10:23am Apr 23, 2009 10:23am
Quoting PipLand
you mean support? for down? if so i would be carefull around the top of the previous wedge down around 4570
Thanks
  • #9,678
  • Apr 23, 2009 10:28am Apr 23, 2009 10:28am
well ive taken a short now id be happy with a touch of the 15min 10ema for sure
  • #9,679
  • Apr 23, 2009 10:34am Apr 23, 2009 10:34am
Quoting PipLand
well ive taken a short now id be happy with a touch of the 15min 10ema for sure
I jumped back in for punishment as well short. I didn't load on her though, I can still see 4660 in the future, but if the channel Ben posted holds and we get a nice h1 close, I'll look to add to it..
Just digging in the trenches like everyone else!
  • #9,680
  • Apr 23, 2009 10:35am Apr 23, 2009 10:35am
Quoting eohater
4610 was my SL, I see 4660 from the trendline of the right sholder of the shampoo. Here's a chart.
Hey bro! Sorry you got stopped out on that short.... I was in a bit earlier from 4585 and closed for 50 pips... Went in again after the h1 hangman at 65 and got 50 pips again... I did not enter long because I went on the road.. but this candle made me closed my last short....
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