Trade what you see NOT what you expect | Page 557 | Forex Factory

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Trade what you see NOT what you expect

  • #11,121
  • May 5, 2009 10:42am May 5, 2009 10:42am
Quoting Infinity
Keeping safe here as well bro! We're having great weather atm...
Infinity,
I've been on your island 8 years ago, in Ocho Rios (I might misspeled it?)
It was nice! Still have good memories.
  • #11,122
  • May 5, 2009 10:43am May 5, 2009 10:43am
I'm beginning to wonder if we haven't already seen the high for the day.
Hi, my name is Barry and you can keep your doctor...
  • #11,123
  • May 5, 2009 10:44am May 5, 2009 10:44am
Quoting Komissar
Infinity,
I've been on your island 8 years ago, in Ocho Rios (I might misspeled it?)
It was nice! Still have good memories.
Glad to hear it! Spelling is correct btw!
Patience + Discipline - Greed = Success
  • #11,124
  • May 5, 2009 10:46am May 5, 2009 10:46am
Quoting cisco
I'm beginning to wonder if we haven't already seen the high for the day.
Do you mean 5165?
  • #11,125
  • May 5, 2009 10:47am May 5, 2009 10:47am
Quoting cisco
I'm beginning to wonder if we haven't already seen the high for the day.
That's possible but I am looking for a retest of the highs on the remainder of my longs... We may not get 5350 today or even this week, but I am thinking we may see it before the month ends... For now I am watching this h4 close in 13 mins.
Patience + Discipline - Greed = Success
  • #11,126
  • May 5, 2009 10:58am May 5, 2009 10:58am
I should start watch EU closely.
Missed perfect setup at 10am - Double top and tweezers on 1H.

Does anybody trade EU on a regular basis?
Any tips, pros and cons?

I'll appreciate any help.
Attached Image (click to enlarge)
Click to Enlarge Name: 15min.jpg Size: 50 KB
  • #11,127
  • May 5, 2009 11:02am May 5, 2009 11:02am
Hey Infinity, isn't Arsenal playing tonight?
  • #11,128
  • May 5, 2009 11:03am May 5, 2009 11:03am
Quoting Komissar
I should start watch EU closely.
Missed perfect setup at 10am - Double top and tweezers on 1H.

Does anybody trade EU on a regular basis?
Any tips, pros and cons?

I'll appreciate any help.
I have been trading it lately, it moves slower than the other pairs but the setups still apply.

HOLLA
  • #11,129
  • May 5, 2009 11:06am May 5, 2009 11:06am
Quoting PippiNole
Hey Infinity, isn't Arsenal playing tonight?
In approximately 2.5hrs....
Patience + Discipline - Greed = Success
  • #11,130
  • May 5, 2009 11:06am May 5, 2009 11:06am
Quoting PippiNole
Hey Infinity, isn't Arsenal playing tonight?
Arsenal are playing I hope they beat scum united
  • #11,131
  • May 5, 2009 11:08am May 5, 2009 11:08am
Quoting Infinity
That's possible but I am looking for a retest of the highs on the remainder of my longs... We may not get 5350 today or even this week, but I am thinking we may see it before the month ends... For now I am watching this h4 close in 13 mins.
Don't like the hanging man on h4 ... I took some more profit off the table at 5105... will either get 5150 on the rest or +10
Patience + Discipline - Greed = Success
  • #11,132
  • May 5, 2009 11:26am May 5, 2009 11:26am
Lunch time ....
http://comps.fotosearch.com/comp/LIQ...vl0007b055.jpg
Good Trading To All ; Ken Lee
  • #11,133
  • May 5, 2009 11:26am May 5, 2009 11:26am
Quoting Infinity
Don't like the hanging man on h4 ... I took some more profit off the table at 5105... will either get 5150 on the rest or +10
Err... Changed my mind.... closed out fully now at 5120... flat atm... want to concentrate 100% on the game when it starts... lunch time now....
Patience + Discipline - Greed = Success
  • #11,134
  • May 5, 2009 11:30am May 5, 2009 11:30am
the game should be a cracker if Arsenal scores first to make it 1-0 then all's to play for.
  • #11,135
  • May 5, 2009 11:52am May 5, 2009 11:52am
Here is a little trade setup I noticed earlier. You could have taken it off the 15 minute or waited for the 1 hour confirmation.. These type trades are the bread and butter of this strategy. A failure to break a previous Price Action wether it be the previous candle or further back on the chart . Learning to see these. If you missed it at the bottom the green entry candle on the 15 min , closed above the 50 ema . The next candle retested it, another place to enter. Which also coincedes with the open of the candle after the one hour close as a hangman.

Happy Trading Ken
Attached Image (click to enlarge)
Click to Enlarge Name: Misc GBP.JPG Size: 193 KB
Good Trading To All ; Ken Lee
  • #11,136
  • May 5, 2009 11:58am May 5, 2009 11:58am
Quoting KENNETH lEE
Here is a little trade setup I noticed earlier. You could have taken it off the 15 minute or waited for the 1 hour confirmation.. These type trades are the bread and butter of this strategy. A failure to break a previous Price Action wether it be the previous candle or further back on the chart . Learning to see these. If you missed it at the bottom the green entry candle on the 15 min , closed above the 50 ema . The next candle retested it, another place to enter. Which also coincedes with the open of the candle after the one hour close as a hangman....
It was a GOOD SET UP.....YESTERDAYS high,and 16/april High....became support......if you had a 2 hr Chart,a PIN formed as Well.....
but well spotted KEN....

baz
  • #11,137
  • May 5, 2009 12:01pm May 5, 2009 12:01pm
Quoting baz
It was a GOOD SET UP.....YESTERDAYS high,and 16/april High....became support......if you had a 2 hr Chart,a PIN formed as Well.....
but well spotted KEN....

baz
GBP_USD Spot.png

was feeling LAZY,but here is the 2 hr chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Spot.png Size: 16 KB
  • #11,138
  • May 5, 2009 12:09pm May 5, 2009 12:09pm
Quoting baz
It was a GOOD SET UP.....YESTERDAYS high,and 16/april High....became support......if you had a 2 hr Chart,a PIN formed as Well.....
but well spotted KEN....

baz

Thanks Baz. More confirmation the better.. I do see the high was near the 61.8 level also...NOW !!! Need to learn to see everything .. makes taking the leap easier when more things say JUMP.
Attached Image (click to enlarge)
Click to Enlarge Name: Misc GBP.JPG Size: 229 KB
Good Trading To All ; Ken Lee
  • #11,139
  • May 5, 2009 12:13pm May 5, 2009 12:13pm
Quoting KENNETH lEE
Thanks Baz. More confirmation the better.. I do see the high was near the 61.8 level also...NOW !!! Need to learn to see everything .. makes taking the leap easier when more things say JUMP.
ALWAYS PLOT PREVIOUS DAYS HIGH/LOW.....AND PREVIOUS WEEKLY LOW/HIGH....ALSO,
the OPENING PRICE OF THE DAY......the PICTURE WILL SEEM MORE CLEAR..

baz
  • #11,140
  • May 5, 2009 12:22pm May 5, 2009 12:22pm
Quoting baz
ALWAYS PLOT PREVIOUS DAYS HIGH/LOW.....AND PREVIOUS WEEKLY LOW/HIGH....ALSO,
the OPENING PRICE OF THE DAY......the PICTURE WILL SEEM MORE CLEAR..

baz

Thanks Ken and Baz most helpful
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