Trade what you see NOT what you expect | Page 507 | Forex Factory

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Trade what you see NOT what you expect

  • #10,121
  • Apr 27, 2009 7:23am Apr 27, 2009 7:23am
Hi Galation,
seems I was posing some questions and you were providing some insight
I agree with your view and there is littles news to help things along. So I will set my mind this afternoon to scalp the range and let candle patterns trigger the trades.. GULP


Quoting Galation
You lucky guy! It's always best to have a little break, then come back to trading: one feels a lot sharper and more focused. I see this cable ranging for a while yet, in the already formed range. It's difficult at this point to trade on a long term trend, so intraday and swing trades are best at this moment in time, potentially scalping off the range, and price reversal points.
  • #10,122
  • Apr 27, 2009 7:58am Apr 27, 2009 7:58am
This made me laugh when I saw it

http://petitions.number10.gov.uk/please-go/?showall=1

It's a petition on a government website asking for Gordon Brown to resign.
This is precisely why you should never give the masses the means to express their opinion! It will only end in tears.
  • #10,123
  • Apr 27, 2009 8:42am Apr 27, 2009 8:42am
Good morning everyone.
Hope this will be a profitable trading day
"Even A Thousand Mile Journey Begins with the First Step"
  • #10,124
  • Apr 27, 2009 8:51am Apr 27, 2009 8:51am
Good morning everyone! I hope everyone had a great weekend and is ready to battle today. I'm short again. I was short last night as well and would love to see a pin on the h1.
Just digging in the trenches like everyone else!
  • #10,125
  • Apr 27, 2009 9:03am Apr 27, 2009 9:03am
Today is a crucial day for the DOW in my eyes. Here's my daily chart for it.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.PNG Size: 33 KB
Just digging in the trenches like everyone else!
  • #10,126
  • Apr 27, 2009 9:13am Apr 27, 2009 9:13am
The H1 50 and the M15 200 might give resistance...if it makes it that high.
Hi, my name is Barry and you can keep your doctor...
  • #10,127
  • Apr 27, 2009 9:21am Apr 27, 2009 9:21am
Good morning to ALL..
I have 3 different platforms that close the 4H at different times...the one that just closed at 10 est. closed well above last candle's wick ...the one that will close in 40 mins...also looks bullish to me...
I believe we will see just a bit higher up (as Cisco mentioned) before our drop..IMHO

ps...I am eyeing the 4H 50ema @ 4650
  • #10,128
  • Apr 27, 2009 9:32am Apr 27, 2009 9:32am
Hi EO,
If you have time could you clarify something for me.

On my 1 hr (the 9am EST candle) it looks as though the close was a pin with the long wick to the top of the body. Can you confirm that this is still seen as a "pin" and that you would play it bearish due to the last 3 x 1 hour candles all with higher lows?

Thanks in advance

As I am writing I see the price has been rejected on first touch of this hours 62 ema. This might give me my answer if she crashes




Quoting eohater
Good morning everyone! I hope everyone had a great weekend and is ready to battle today. I'm short again. I was short last night as well and would love to see a pin on the h1.
  • #10,129
  • Apr 27, 2009 9:51am Apr 27, 2009 9:51am
Quoting robgsxr
Hi EO,
If you have time could you clarify something for me.

On my 1 hr (the 9am EST candle) it looks as though the close was a pin with the long wick to the top of the body. Can you confirm that this is still seen as a "pin" and that you would play it bearish due to the last 3 x 1 hour candles all with higher lows?

Thanks in advance

As I am writing I see the price has been rejected on first touch of this hours 62 ema. This might give me my answer if she crashes
She's not crashing! Took out my short at BE, now I await at the bus stop for a new seat!
Just digging in the trenches like everyone else!
  • #10,130
  • Apr 27, 2009 9:53am Apr 27, 2009 9:53am
She's being her usual, bitchy self!
Hi, my name is Barry and you can keep your doctor...
  • #10,131
  • Apr 27, 2009 9:56am Apr 27, 2009 9:56am
Next stop?
Attached Image
Hi, my name is Barry and you can keep your doctor...
  • #10,132
  • Apr 27, 2009 10:04am Apr 27, 2009 10:04am
A 61.8 fib retracement from the last few days down move would be 1.4673 and I see a daily pivot at 1.4674 and prior hourly res at 1.468......could be reasonable confluence!!!


Quoting cisco
Next stop?
  • #10,133
  • Apr 27, 2009 10:09am Apr 27, 2009 10:09am
At the bus stop waiting now if the 4H closing at 12est closes above/below 50ema...
BTW...my 1Hold trendline lines up to serve as resistance @ 4674...but no telling what she's up to today....Hussin mentioned on his thread this pair was a no go for now
but I realize he sees longer term....HTF
  • #10,134
  • Apr 27, 2009 10:16am Apr 27, 2009 10:16am
I'm short again at 4660 off the 15m tweezer tops.
Just digging in the trenches like everyone else!
  • #10,135
  • Apr 27, 2009 10:25am Apr 27, 2009 10:25am
Quoting eohater
I'm short again at 4660 off the 15m tweezer tops.
I'm with you...still pending the 4H close in 35mins...will reconsider then
  • #10,136
  • Apr 27, 2009 10:27am Apr 27, 2009 10:27am
Quoting rt4x
I'm with you...still pending the 4H close in 35mins...will reconsider then
I'm keeping my eye on the h4 close as well! Not liking how the current 15m is shaping up though.
Just digging in the trenches like everyone else!
  • #10,137
  • Apr 27, 2009 10:28am Apr 27, 2009 10:28am
Quoting eohater
I'm keeping my eye on the h4 close as well! Not liking how the current 15m is shaping up though.
She could very well stick around this area and give us a pin on the 1H
  • #10,138
  • Apr 27, 2009 10:31am Apr 27, 2009 10:31am
Quoting rt4x
She could very well stick around this area and give us a pin on the 1H
On 15M I see bearish harami followed with hangman.
  • #10,139
  • Apr 27, 2009 10:33am Apr 27, 2009 10:33am
Well....if she closes the 1H as a pin that means our 4H would close above 50 ema...not sure which is preferable....
  • #10,140
  • Apr 27, 2009 11:05am Apr 27, 2009 11:05am
4hr screenshot.... Testing uptrend resistance on next hours??
Attached Image (click to enlarge)
Click to Enlarge Name: 27-04-2009 10-44-18 a.m..gif Size: 24 KB
"Even A Thousand Mile Journey Begins with the First Step"
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