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Trade what you see NOT what you expect

  • #10,381
  • Apr 29, 2009 6:06am Apr 29, 2009 6:06am
Quoting Komissar
Morning, fellows
So, what's cooking? Did it hit the roof yet?

I am watching 1H. If she close between 4650-60, I would consider this as bearish harami, and I would expect some retracemet.

Any comments?
Closed as hammer on the hourly.
  • #10,382
  • Apr 29, 2009 6:10am Apr 29, 2009 6:10am
Quoting daffy
Closed as hammer on the hourly.
This hummer head pretty big head, and it's below previous candle top.
Personally, I don't trust it, but what do I know?
  • #10,383
  • Edited 6:52am Apr 29, 2009 6:24am | Edited 6:52am
Quoting daffy
I'm waiting for a clear signal in which direction to go - a pin bar, or failing that, a cloud in the shape of a bull or bear's head will do.
rodger that!

edit: dollar is still sinking just need to cross the 60
dailly is bearish and swissy has inverse relationship to cable...
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  • #10,384
  • Apr 29, 2009 6:59am Apr 29, 2009 6:59am
im lookin to buy at the base..
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  • #10,385
  • Apr 29, 2009 7:50am Apr 29, 2009 7:50am
Looks like dollar is going the other way now, it's bouncing a little off resistance. That news was worse than expected, perhaps we're seeing risk aversion in play again.
  • #10,386
  • Apr 29, 2009 8:01am Apr 29, 2009 8:01am
Hot off the press. The close of my H4 candle.
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Hi, my name is Barry and you can keep your doctor...
  • #10,387
  • Apr 29, 2009 8:08am Apr 29, 2009 8:08am
Darling is due to testify in 20 minutes so be aware.

HOLLA
  • #10,388
  • Apr 29, 2009 8:14am Apr 29, 2009 8:14am
45 minutes to go on the close of my H4, but for GU, I currently have an engulfing, and for EU, I have a pin
  • #10,389
  • Apr 29, 2009 8:14am Apr 29, 2009 8:14am
Quoting Turtle
Darling is due to testify in 20 minutes so be aware.

HOLLA
Yeah, I've taken 35 off the table, +3 on the rest.
Hi, my name is Barry and you can keep your doctor...
  • #10,390
  • Apr 29, 2009 8:29am Apr 29, 2009 8:29am
On 1H chart it bounced off 61.8 fibs.
Is retracement over yet?
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  • #10,391
  • Apr 29, 2009 8:33am Apr 29, 2009 8:33am
Quoting Komissar
On 1H chart it bounced off 61.8 fibs.
Is retracement over yet?
You're running your fib in reverse. Run it from bottom to top since price climbed.
Hi, my name is Barry and you can keep your doctor...
  • #10,392
  • Apr 29, 2009 8:39am Apr 29, 2009 8:39am
Hi Guys
i think one of the Guys in here asked regards to seeing the price of" X " number of Hours aggregated together,and to show it as 1 candle bar...
This may be of intrest...

http://www.forexfactory.com/showpost...08&postcount=1

regards

baz
  • #10,393
  • Apr 29, 2009 8:52am Apr 29, 2009 8:52am
Quoting cisco
You're running your fib in reverse. Run it from bottom to top since price climbed.
Cisco,

I checked with my software. This is the only way I can run it.

From Start point (0%) to Finish point (100%), and further. And the underlaying TL shows the trend direction - up or down.

Maybe percentge sign is not in a right place.
  • #10,394
  • Apr 29, 2009 8:56am Apr 29, 2009 8:56am
Quoting Komissar
Cisco,

I checked with my software. This is the only way I can run it.

From Start point (0%) to Finish point (100%), and further. And the underlaying TL shows the trend direction - up or down.

Maybe percentge sign is not in a right place.
HI
Just draw your fibo the opposite way you used to do... Thats because:

"ON 1H chart it bounced off 61.8 fibs.
Is retracement over yet?" ... your really watching 32.2 fibo retrace

Regards
"Even A Thousand Mile Journey Begins with the First Step"
  • #10,395
  • Apr 29, 2009 9:03am Apr 29, 2009 9:03am
Quoting Komissar
Cisco,

I checked with my software. This is the only way I can run it.

From Start point (0%) to Finish point (100%), and further. And the underlaying TL shows the trend direction - up or down.

Maybe percentge sign is not in a right place.
I'm not very good at explaining things in writing, but I'll try it this way.

Price went from a low of 1.4516 to a high of 1.4794. That's a rise of 278 pips. A retrace of 61.8% x 278 pips would be 172 pips, so you'd subtract 172 from the high of 1.4794 which would bring price down to 1.4622.
Hi, my name is Barry and you can keep your doctor...
  • #10,396
  • Apr 29, 2009 9:04am Apr 29, 2009 9:04am
Quoting analizer
HI
Just draw your fibo the opposite way you used to do... Thats because:

"ON 1H chart it bounced off 61.8 fibs.
Is retracement over yet?" ... your really watching 32.2 fibo retrace

Regards
Fellows, you were absolutely right.

That's my mistake. Appology to all of you.
  • #10,397
  • Apr 29, 2009 9:07am Apr 29, 2009 9:07am
Quoting cisco
I'm not very good at explaining things in writing, but I'll try it this way.

Price went from a low of 1.4516 to a high of 1.4794. That's a rise of 278 pips. A retrace of 61.8% x 278 pips would be 172 pips, so you'd subtract 172 from the high of 1.4794 which would bring price down to 1.4622.
Thanks again.

MEA CULPA
  • #10,398
  • Apr 29, 2009 9:12am Apr 29, 2009 9:12am
Quoting Komissar
Thanks again.

MEA CULPA
I'm glad you've got it figured out. That's great.
Hi, my name is Barry and you can keep your doctor...
  • #10,399
  • Apr 29, 2009 9:14am Apr 29, 2009 9:14am
I'm thinking price needs to go to 1.4805, at least, before it heads down. Anybody else thinking of a number?
Hi, my name is Barry and you can keep your doctor...
  • #10,400
  • Apr 29, 2009 9:16am Apr 29, 2009 9:16am
Guys,
Another general question.

Does anybody use trailing stops?
If not, what would be the cons?
If yes, what are your usuals trailing ranges?

Thanks.
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