Trade what you see NOT what you expect | Page 524 | Forex Factory

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Trade what you see NOT what you expect

  • #10,461
  • Apr 29, 2009 12:46pm Apr 29, 2009 12:46pm
Quoting PippiNole
I'm on the side right now. It is struggling at this level which was the high on the 24th.
I'm looking for a short around 4837 area. Gimme 2 mins i'll add a chart to show what i see, ill clean up all the crap ive added to it over the last week or so.

EDIT: here we go
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  • #10,462
  • Apr 29, 2009 12:49pm Apr 29, 2009 12:49pm
Quoting PippiNole
I'm on the side right now. It is struggling at this level which was the high on the 24th.

I see it, but we did clear it, just not a close over it yet. I'm eyeing the h4 200sma to take down short for about 500 pips.
Just digging in the trenches like everyone else!
  • #10,463
  • Apr 29, 2009 12:49pm Apr 29, 2009 12:49pm
Quoting robgsxr
komissar
... Something else I want to say I cannot remember all details but on one platform I used to use.....I needed to draw the fibs in the way you did originally to show the 1.27 and 1.68 fib extensions. These numbers many will know often provide good targets once price has bounced. If I can upload a chart and show this I will.
For MT4 users.
I modified the level values, so you can use it the right way (for example in an uptrend drawing the fibo from bottom to top) and you will get the right retrace values and of course the fibo proyections lines
This is the modification path:

- Point with your mouse any fibo previusly drawn on your chart & then double right click on it (for remark it)
- Without moving your mouse, left click and choose the fibo propierties icon
- Choose fibo levels, delete de defaults values and add these parameters in this order(the first number on level column and the second on description column:
0 (100.0)
0.5 (50.0)
0.618 (61.8)
0.786 (78.6)
1 (0.00)
-0.618 (161.8) firsts number is negative *
-1.618 (261.8) *
-3.236 (423.6) *

Hope this can help you

Regards
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"Even A Thousand Mile Journey Begins with the First Step"
  • #10,464
  • Apr 29, 2009 12:54pm Apr 29, 2009 12:54pm
Quoting eohater
I see it, but we did clear it, just not a close over it yet. I'm eyeing the h4 200sma to take down short for about 500 pips.
Now you're talking you cheater.
  • #10,465
  • Apr 29, 2009 12:56pm Apr 29, 2009 12:56pm
Hello EO.

Been reading your Thread and also Trade What You See - 1400.pdf doc.

Would like to say great job on both, this is my first ever post in a Forum.

A Indiana boy trying to trade the FX. Thanks
  • #10,466
  • Apr 29, 2009 12:58pm Apr 29, 2009 12:58pm
Quoting PippiNole
Now you're talking you cheater.
Just digging in the trenches like everyone else!
  • #10,467
  • Apr 29, 2009 1:00pm Apr 29, 2009 1:00pm
Quoting eohater
Nice little stair steps on the 1hr.
  • #10,468
  • Apr 29, 2009 1:00pm Apr 29, 2009 1:00pm
Quoting t1259sw
Hello EO.

Been reading your Thread and also Trade What You See - 1400.pdf doc.

Would like to say great job on both, this is my first ever post in a Forum.

A Indiana boy trying to trade the FX. Thanks
Welcome to the thread!

Where in Indiana are you?
Just digging in the trenches like everyone else!
  • #10,469
  • Apr 29, 2009 1:01pm Apr 29, 2009 1:01pm
Quoting eohater
I see it, but we did clear it, just not a close over it yet. I'm eyeing the h4 200sma to take down short for about 500 pips.
What pair and at what price is your 200sma?
Please ask questions and share your experiences with us all!
  • #10,470
  • Apr 29, 2009 1:02pm Apr 29, 2009 1:02pm
Quoting bkg102665
What pair and at what price is your 200sma?
EJ price of 130.51
Just digging in the trenches like everyone else!
  • #10,471
  • Apr 29, 2009 1:11pm Apr 29, 2009 1:11pm
Quoting cisco
Are you still holding long on the pound?
You still holding short bro?
Just digging in the trenches like everyone else!
  • #10,472
  • Apr 29, 2009 1:15pm Apr 29, 2009 1:15pm
My spreads are fucking whacked right now. Talking 12 on GU
Just digging in the trenches like everyone else!
  • #10,473
  • Apr 29, 2009 1:16pm Apr 29, 2009 1:16pm
Quoting eohater
You still holding short bro?
yes, but maybe not for long.
Hi, my name is Barry and you can keep your doctor...
  • #10,474
  • Apr 29, 2009 1:17pm Apr 29, 2009 1:17pm
Quoting cisco
yes, but maybe not for long.
I think you've got the golden ticket bro! Hold on!
Just digging in the trenches like everyone else!
  • #10,475
  • Apr 29, 2009 1:24pm Apr 29, 2009 1:24pm
Quoting eohater
I think you've got the golden ticket bro! Hold on!
Probably the wrong decision, but I cashed in at 4754. I'll probably be kicking myself later.
Hi, my name is Barry and you can keep your doctor...
  • #10,476
  • Apr 29, 2009 1:26pm Apr 29, 2009 1:26pm
Quoting cisco
Probably the wrong decision, but I cashed in at 4754. I'll probably be kicking myself later.
No, there's nothing wrong with taking profits bro! Good job!

Mistress is pushing 130
Just digging in the trenches like everyone else!
  • #10,477
  • Apr 29, 2009 1:28pm Apr 29, 2009 1:28pm
Quoting cisco
Probably the wrong decision, but I cashed in at 4754. I'll probably be kicking myself later.
Excellent job bro! You grabbed yourself a nice seat on that ride. You cowboy!
Just digging in the trenches like everyone else!
  • #10,478
  • Apr 29, 2009 1:29pm Apr 29, 2009 1:29pm
You convinced me to get back in the mistress. I usually will not stay in a trade for certain news announcements.
  • #10,479
  • Apr 29, 2009 1:30pm Apr 29, 2009 1:30pm
Quoting eohater
No, there's nothing wrong with taking profits bro! Good job!

Mistress is pushing 130
I can see it heading back up after it settles down.

The stock market liked it.
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Hi, my name is Barry and you can keep your doctor...
  • #10,480
  • Apr 29, 2009 1:34pm Apr 29, 2009 1:34pm
130 on mistress has been achieved. Come on 130.5
Just digging in the trenches like everyone else!
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