Trade what you see NOT what you expect | Page 525 | Forex Factory

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Trade what you see NOT what you expect

  • #10,481
  • Apr 29, 2009 1:35pm Apr 29, 2009 1:35pm
Quoting PippiNole
You convinced me to get back in the mistress. I usually will not stay in a trade for certain news announcements.
What do you think about short from the 200sma on the h4?
Just digging in the trenches like everyone else!
  • #10,482
  • Apr 29, 2009 1:37pm Apr 29, 2009 1:37pm
Quoting eohater
What do you think about short from the 200sma on the h4?
Sounds good but of course PA will dictate when I short her. I'm sure her back is getting sore from carrying my fat ass.
  • #10,483
  • Apr 29, 2009 1:38pm Apr 29, 2009 1:38pm
Quoting BenScoobert
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
same chart i posted before, but see how she bounced right off the trendline
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  • #10,484
  • Apr 29, 2009 1:39pm Apr 29, 2009 1:39pm
Quoting PippiNole
Sounds good but of course PA will dictate when I short her. I'm sure her back is getting sore from carrying my fat ass.

Yours and mine both bro!
Just digging in the trenches like everyone else!
  • #10,485
  • Apr 29, 2009 1:49pm Apr 29, 2009 1:49pm
EO.

Little old Wabash, the first electrical lighted city in the good old USA.

How about you?

Just watched the FOMC price action, don't have it to trade the news.

Thanks,
  • #10,486
  • Apr 29, 2009 1:51pm Apr 29, 2009 1:51pm
Quoting t1259sw
EO.

Little old Wabash, the first electrical lighted city in the good old USA.

How about you?

Just watched the FOMC price action, don't have it to trade the news.

Thanks,
I'm in a suburb of Indy in a town called Fishers. You guys still have the old drive in movie theater?
Just digging in the trenches like everyone else!
  • #10,487
  • Apr 29, 2009 2:07pm Apr 29, 2009 2:07pm
Ok, guys and gals I'm out until Asian open. Good trading!
  • #10,488
  • Apr 29, 2009 2:08pm Apr 29, 2009 2:08pm
Quoting PippiNole
Ok, guys and gals I'm out until Asian open. Good trading!
Good job bro! I'll catch you tonight.
Just digging in the trenches like everyone else!
  • #10,489
  • Apr 29, 2009 2:14pm Apr 29, 2009 2:14pm
TIW.

It hasn't seemed to have much effect lately, but you never know.
Hi, my name is Barry and you can keep your doctor...
  • #10,490
  • Apr 29, 2009 2:16pm Apr 29, 2009 2:16pm
Quoting cisco
TIW.

It hasn't seemed to have much effect lately, but you never know.
No it hasn't! But like you say, you never know. We have 1 day left before end of month and positions are going to start getting squared. Now, the bigger question is, which direction will the squaring be?
Just digging in the trenches like everyone else!
  • #10,491
  • Apr 29, 2009 2:22pm Apr 29, 2009 2:22pm
Quoting eohater
No it hasn't! But like you say, you never know. We have 1 day left before end of month and positions are going to start getting squared. Now, the bigger question is, which direction will the squaring be?
Hopefully south, because I'm short the mistress from 129.99, already took profit and covered.

HOLLA
  • #10,492
  • Apr 29, 2009 2:24pm Apr 29, 2009 2:24pm
There is a down channel on Daily which coincides with H&S

Correct me if I am wrong.
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  • #10,493
  • Apr 29, 2009 2:26pm Apr 29, 2009 2:26pm
Quoting Turtle
Hopefully south, because I'm short the mistress from 129.99, already took profit and covered.

HOLLA
Sweet brother! Nice place to be. I was too focused on the h4 200sma. The h4 is shaping up nice for your ride as well. I will find a seat once I get out of my longs on her.
Just digging in the trenches like everyone else!
  • #10,494
  • Apr 29, 2009 2:26pm Apr 29, 2009 2:26pm
Quoting Komissar
There is a down channel on Daily which coincides with H&S

Correct me if I am wrong.
I'm in accord with you there!
Just digging in the trenches like everyone else!
  • #10,495
  • Apr 29, 2009 2:29pm Apr 29, 2009 2:29pm
Quoting eohater
I'm in accord with you there!
Now, what do I need?

Right, a good spot to get in.
  • #10,496
  • Apr 29, 2009 2:31pm Apr 29, 2009 2:31pm
Quoting Komissar
Now, what do I need?

Right, a good spot to get in.
Exactly! I'll be looking for that spot from the close of the US Session to around 8pm est. Which is 4hrs after the DOW closes.
Just digging in the trenches like everyone else!
  • #10,497
  • Apr 29, 2009 2:32pm Apr 29, 2009 2:32pm
Quoting eohater
Sweet brother! Nice place to be. I was too focused on the h4 200sma. The h4 is shaping up nice for your ride as well. I will find a seat once I get out of my longs on her.
I hear ya bro....I figured over 450+ pips in two days north and a nice round number.

Give me that Pin bar please.

HOLLA
  • #10,498
  • Apr 29, 2009 2:33pm Apr 29, 2009 2:33pm
Just daydreaming between sessions and I had a thought.

What is an EO and why do you hate it?
  • #10,499
  • Apr 29, 2009 2:36pm Apr 29, 2009 2:36pm
Quoting eohater
Now, the bigger question is, which direction will the squaring be?
If you're already in a position, then you've got a 50% chance of being right.
Hi, my name is Barry and you can keep your doctor...
  • #10,500
  • Apr 29, 2009 2:47pm Apr 29, 2009 2:47pm
Quoting eohater
Exactly! I'll be looking for that spot from the close of the US Session to around 8pm est. Which is 4hrs after the DOW closes.
This TIW is a tricky stuff.
If there is going to be a lot of longs before 5pm, so would it be good to place short right before market close (if we are expecting south).

These longs will be closed after 5pm, which can push GU down.
Plus, tomorrow is end of month, and Dow gained around 600 in April, so profit taking?

Any suggestions?
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