Trade what you see NOT what you expect | Page 526 | Forex Factory

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Trade what you see NOT what you expect

  • #10,501
  • Apr 29, 2009 2:55pm Apr 29, 2009 2:55pm
Quoting Komissar
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?
I personnally think with the oh so low interest rates right now. There aren't too many players on TIW day. Just my humble view.
Good Trading To All ; Ken Lee
  • #10,502
  • Apr 29, 2009 3:00pm Apr 29, 2009 3:00pm
Mistress is giving us a pin on the h4.
Just digging in the trenches like everyone else!
  • #10,503
  • Apr 29, 2009 3:01pm Apr 29, 2009 3:01pm
Quoting KENNETH lEE
I personnally think with the oh so low interest rates right now. There aren't too many players on TIW day. Just my humble view.
Agreed.
But there are still 2 factors which could bring Dow down tomorrow:
- Unemployment claims
- End-of-month profit taking.
  • #10,504
  • Apr 29, 2009 3:02pm Apr 29, 2009 3:02pm
Quoting eohater
Mistress is giving us a pin on the h4.
And a bearish engulfing pattern on 1 hr. chart
"Even A Thousand Mile Journey Begins with the First Step"
  • #10,505
  • Apr 29, 2009 3:03pm Apr 29, 2009 3:03pm
Quoting eohater
Mistress is giving us a pin on the h4.
Infinity will be Unhappy at the present time...

Man Utd..1-0..Arsenal..

EoH...was the FOMC news good or bad for US ?

baz
  • #10,506
  • Apr 29, 2009 3:03pm Apr 29, 2009 3:03pm
Quoting analizer
And a bearish engulfing pattern on 1 hr. chart
YES Sir! That's good teamwork!
Just digging in the trenches like everyone else!
  • #10,507
  • Apr 29, 2009 3:03pm Apr 29, 2009 3:03pm
Quoting eohater
Mistress is giving us a pin on the h4.

Would you consider short?
  • #10,508
  • Apr 29, 2009 3:04pm Apr 29, 2009 3:04pm
Quoting baz
Infinity will be Unhappy at the present time...

Man Utd..1-0..Arsenal..

EoH...was the FOMC news good or bad for US ?

baz
Hey bro! I don't know about the news. It's just noise to me bro! They didn't change rates.
Just digging in the trenches like everyone else!
  • #10,509
  • Apr 29, 2009 3:08pm Apr 29, 2009 3:08pm
Quoting analizer
And a bearish engulfing pattern on 1 hr. chart
Where will she go now??..
Attached Image (click to enlarge)
Click to Enlarge Name: uno.jpg Size: 172 KB
"Even A Thousand Mile Journey Begins with the First Step"
  • #10,510
  • Apr 29, 2009 3:09pm Apr 29, 2009 3:09pm
Quoting Komissar
Agreed.
But there are still 2 factors which could bring Dow down tomorrow:
- Unemployment claims
- End-of-month profit taking.
I agree, I would be very suprised if the DOW doesn't drop tomorrow. Be nice if it doesn't sell off big time though.. I was just talking bout TIW for the wed. cable trade.
Good Trading To All ; Ken Lee
  • #10,511
  • Apr 29, 2009 3:18pm Apr 29, 2009 3:18pm
EO,

Still got the drive in movie, not sure if they got it open yet.

Fisher is not far from Wabash.

How do you get a post inserted into a reply?

Look forward to the future learning from the forum. Thanks
  • #10,512
  • Apr 29, 2009 3:20pm Apr 29, 2009 3:20pm
Quoting t1259sw
EO,

Still got the drive in movie, not sure if they got it open yet.

Fisher is not far from Wabash.

How do you get a post inserted into a reply?

Look forward to the future learning from the forum. Thanks
Hit the quote button bottom right of post.. Welcome
Good Trading To All ; Ken Lee
  • #10,513
  • Apr 29, 2009 3:24pm Apr 29, 2009 3:24pm
Anybody ever watch CNBC?

I think I'm in love with Michelle Caruso Cabrera's body.
Hi, my name is Barry and you can keep your doctor...
  • #10,514
  • Apr 29, 2009 3:26pm Apr 29, 2009 3:26pm
Quoting cisco
Anybody ever watch CNBC?

I think I'm in love with Michelle Caruso Cabrera's body.
Looks like somebody is mixing business with pleasure.
  • #10,515
  • Apr 29, 2009 3:30pm Apr 29, 2009 3:30pm
Quoting Komissar
Looks like somebody is mixing business with pleasure.
Damn near shorted out my keyboard with all the drool coming from my mouth.
Hi, my name is Barry and you can keep your doctor...
  • #10,516
  • Apr 29, 2009 3:32pm Apr 29, 2009 3:32pm
Quoting cisco
Damn near shorted out my keyboard with all the drool coming from my mouth.
Just digging in the trenches like everyone else!
  • #10,517
  • Apr 29, 2009 3:33pm Apr 29, 2009 3:33pm
Quoting analizer
And a bearish engulfing pattern on 1 hr. chart

Bearish Engulfing Pattern



http://i.investopedia.com/inv/092009.../book_icon.jpg
What Does Bearish Engulfing Pattern Mean?
A chart pattern that consists of a small white candlestick with short shadows or tails followed by a large black candlestick that eclipses or "engulfs" the small white one.

http://i.investopedia.com/inv/dictio...earengulfp.gif

http://i.investopedia.com/inv/092009...y/inv_icon.jpg
Investopedia explains Bearish Engulfing Pattern
As implied by its name, a bearish engulfing pattern may provide an indication of a future bearish trend. This type of pattern usually accompanies an uptrend in a security, possibly signaling a peak or slowdown in its advancement. However, whenever a trader analyzes any candlestick pattern, it's important for him or her, before making any decisions, to consider the prices of the days that precede and follow the formation of the pattern.

It's a little bit off.
Attached Image (click to enlarge)
Click to Enlarge Name: 15min.jpg Size: 52 KB
  • #10,518
  • Apr 29, 2009 3:39pm Apr 29, 2009 3:39pm
Quoting KENNETH lEE
I personnally think with the oh so low interest rates right now. There aren't too many players on TIW day. Just my humble view.
Look at these numbers!
I think TIW is still in play.
  • #10,519
  • Apr 29, 2009 3:44pm Apr 29, 2009 3:44pm
I'm having a go at the mistress short at 129.71
Just digging in the trenches like everyone else!
  • #10,520
  • Apr 29, 2009 3:58pm Apr 29, 2009 3:58pm
If it wasn't for the H4 hangman forming, I'd say the pound has a shot at going higher. That hangman is scaring the hell out of me, though.
Hi, my name is Barry and you can keep your doctor...
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