Trade what you see NOT what you expect | Page 531 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Why did you start trading and what do you expect from it? 19 replies

How soon after you put on a trade do you expect to be "in the money"? 28 replies

How do you see trading - Do you see it as a means to an end? 12 replies

how long do you expect to trade? 10 replies

Trade What You See And Not What You Hope 0 replies

Attachments: Trade what you see NOT what you expect
Exit Attachments

Trade what you see NOT what you expect

  • #10,601
  • Apr 30, 2009 5:42am Apr 30, 2009 5:42am
I don't look to closely at the H&S but TL's are seen by so many around the world I tend to pay more attention to them. It think right now the price is witnessing a close of many longs reaching their interim target of 1.4950 and those putting on shorts there assuming it is a move down. My long closed out for a few pips gain but I think the day is still heading up ???? Maybe a retrace to the 1 hr TL support might stimulate the next bounce


Quoting Komissar
Morning, everyone

I've just looked at GU charts, and I found kind of contradiction.

Daily - we might get the right shoulder soon.
1H - pretty strong TL up.

Today unemployment data is due. So, we'll see if TL will hold.
  • #10,602
  • Apr 30, 2009 5:43am Apr 30, 2009 5:43am
Quoting Komissar
Morning, everyone

I've just looked at GU charts, and I found kind of contradiction.

Daily - we might get the right shoulder soon.
1H - pretty strong TL up.

Today unemployment data is due. So, we'll see if TL will hold.
Could get a retrace off that old trenline on 4H

My 4H candle due to close in 18 mins is shaping up as shooting star.
  • #10,603
  • Apr 30, 2009 5:48am Apr 30, 2009 5:48am
yup LTL being tested right now lets see what happens. im itching to put some more longs on but being patient for the set up to be right
  • #10,604
  • Apr 30, 2009 5:49am Apr 30, 2009 5:49am
got in for a 15 pip bounce off the TL.... That was quick


Quoting robgsxr
I don't look to closely at the H&S but TL's are seen by so many around the world I tend to pay more attention to them. It think right now the price is witnessing a close of many longs reaching their interim target of 1.4950 and those putting on shorts there assuming it is a move down. My long closed out for a few pips gain but I think the day is still heading up ???? Maybe a retrace to the 1 hr TL support might stimulate the next bounce
  • #10,605
  • Apr 30, 2009 5:55am Apr 30, 2009 5:55am
Im long on the mistress at 130.24 from the touch of the 21MA
  • #10,606
  • Apr 30, 2009 6:06am Apr 30, 2009 6:06am
This could be time for the bias to change to shorts
I am not trading either way yet.....




ote=robgsxr;2705306]got in for a 15 pip bounce off the TL.... That was quick
[/quote]
  • #10,607
  • Apr 30, 2009 6:08am Apr 30, 2009 6:08am
im flat atm but i wouldnt be suprised if this is a shakeout of weak positions before NY gets rolling, or its a lot of profit taking before unemployment figures comes out....guess the PA will lead the way. trade well everyone im coming back after the employment data is out.
  • #10,608
  • Apr 30, 2009 6:12am Apr 30, 2009 6:12am
Quoting robgsxr
This could be time for the bias to change to shorts
I am not trading either way yet.....




ote=robgsxr;2705306]got in for a 15 pip bounce off the TL.... That was quick
[/quote]
Well we're sittling on tls on the 1hr and 15m if these break and hold im taking it as a retrace from that old 4h tl and we could be heading to 14600 ish ? Any takes on this?
  • #10,609
  • Apr 30, 2009 6:13am Apr 30, 2009 6:13am
I think GU will go further down. Just after “Round Number” barrier will be broken.
  • #10,610
  • Edited 6:21am Apr 30, 2009 6:19am | Edited 6:21am
If the price breaks low there are a couple of support zones below

1.473x, 1.468x these were hourly supports and they will become confluent with 50% and 61.8% fib retracements....

All here say of course as the price hasn't broken low yet

and to add... I am rarely correct so whatever I do maybe trade the opposite!!!!







Well we're sittling on tls on the 1hr and 15m if these break and hold im taking it as a retrace from that old 4h tl and we could be heading to 14600 ish ? Any takes on this?[/quote]
  • #10,611
  • Apr 30, 2009 6:24am Apr 30, 2009 6:24am
Quoting Infinity
Hey guys,

I am sending this message from the road...LITERALLY!!

I took some more profit on my longs at 4805.. but ultimately looking for a retest of the line again...
This was sweet...
Attached Image (click to enlarge)
Click to Enlarge Name: day.gif Size: 25 KB
Patience + Discipline - Greed = Success
  • #10,612
  • Apr 30, 2009 6:26am Apr 30, 2009 6:26am
Quoting Infinity
This was sweet...
Great eyes Infinity i would have never seen that
  • #10,613
  • Apr 30, 2009 6:31am Apr 30, 2009 6:31am
Quoting damo9893
Im long on the mistress at 130.24 from the touch of the 21MA
Took 20 off and covered
  • #10,614
  • Apr 30, 2009 6:34am Apr 30, 2009 6:34am
I had that line already on my chart from some time ago and I still could not see it

This thread is so enlightening

Just listening to this to wake me up
Inserted Video




Quoting Infinity
This was sweet...
  • #10,615
  • Apr 30, 2009 6:43am Apr 30, 2009 6:43am
Quoting Infinity
This was sweet...
Indeed! Excellent job bro!
Just digging in the trenches like everyone else!
  • #10,616
  • Apr 30, 2009 6:51am Apr 30, 2009 6:51am
Quoting eohater
No offense taken here! I hope you guys are at an accord now. I don't think Komissar meant anything negative to you Cisco. Komissar, I'm sure Cisco doesn't hold any negative feelings towards you either.

Trade well guys!
It's all good! The earth's back in it's proper orbit.

Let's all make some money!
Hi, my name is Barry and you can keep your doctor...
  • #10,617
  • Apr 30, 2009 6:54am Apr 30, 2009 6:54am
Morning Guys

This tweezer top on the H1 played out luffly. Today is settlement day on a shedload of US treasuries Debt auctions. With the $ index looking so cheap, it looks like the $ buying may continue for a while. I think the banks may have been allowing prices to drift higher in anticipation of this massive settlement today.

I notice the regular treasuries buyers like the Yen and Euro region banks are all moving money back into the $ despite the equities performing so well. I am going to let my shorts run for a bit longer before considering longs. If this is related to the auction debt settlement we should find $ buyers at any good price attained until the settlement. As a result I will respect this H4 engulfing bear candle and play wait for real confirmation before considering holding longs. No reason we should not find a good buy once they are done apart from the fact that the daily currently forms a pin.
Ride the Bulls bearback!
  • #10,618
  • Apr 30, 2009 7:02am Apr 30, 2009 7:02am
Whats everyones take on the cable (GBP/USD)

To me it looks quite confusing, the M15 and H1 look very bullish yet the H4 looks very bearish
  • #10,619
  • Apr 30, 2009 7:04am Apr 30, 2009 7:04am
Quoting damo9893
Whats everyones take on the cable (GBP/USD)

To me it looks quite confusing, the M15 and H1 look very bullish yet the H4 looks very bearish
You've been cheating and lost touch
  • #10,620
  • Apr 30, 2009 7:10am Apr 30, 2009 7:10am
Quoting riggster
You've been cheating and lost touch
very true but she has been very good to me so i cant complain
20 traders viewing now