Trade what you see NOT what you expect | Page 558 | Forex Factory

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Trade what you see NOT what you expect

  • #11,141
  • May 5, 2009 12:24pm May 5, 2009 12:24pm
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....
Thanks, Ken
Great job.
  • #11,142
  • May 5, 2009 12:33pm May 5, 2009 12:33pm
It amazes me the more I see Price action respect previous signals . The flattop was good for a quick short but seeing it line up with the pin Could have given us the little extra push out the door.
Attached Image (click to enlarge)
Click to Enlarge Name: Misc GBP.JPG Size: 114 KB
Good Trading To All ; Ken Lee
  • #11,143
  • May 5, 2009 12:38pm May 5, 2009 12:38pm
Hi Folks,
How things? GBP/$ now inside channel so expect now to obey the rules of the games expect to fall to level 1 today..........level 3 by 7 EST new release.
Happy piping ..........Out side channel seems like a stop hunting move.......
Take care all
There were some GBP positive events today Ben man's testimony , US treasury bill sales ........ seems like didn't fuel the north bound move..........
Attached Image (click to enlarge)
Click to Enlarge Name: shorts.JPG Size: 105 KB
BANDA333
  • #11,144
  • May 5, 2009 12:44pm May 5, 2009 12:44pm
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 Very much Baz....
Good Trading To All ; Ken Lee
  • #11,145
  • May 5, 2009 12:44pm May 5, 2009 12:44pm
cable may not be finished going up yet ....
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 33 KB
  • #11,146
  • May 5, 2009 12:51pm May 5, 2009 12:51pm
Be interesting to see where we close in relation to the April 16 high. A close above it and we could be on a good bull run.
  • #11,147
  • May 5, 2009 12:52pm May 5, 2009 12:52pm
Quoting nAVIN2007
cable may not be finished going up yet ....
GBP_USD Spot.png

We will have to see if this WEDGE plays out.....ok guys trade safe,i am going to watch the same game as INFINITY......

baz
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Spot.png Size: 13 KB
  • #11,148
  • May 5, 2009 12:55pm May 5, 2009 12:55pm
Maybe this is off GU topic, but it's kind of actual for recent events.
Attached Image
  • #11,149
  • May 5, 2009 12:57pm May 5, 2009 12:57pm
Hey budy
I would say ......thats sublime chart interpretation.........
Thank-you for opening layman eyes



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....
BANDA333
  • #11,150
  • May 5, 2009 1:03pm May 5, 2009 1:03pm
Quoting baz
GBP_USD Spot.png

We will have to see if this WEDGE plays out.....ok guys trade safe,i am going to watch the same game as INFINITY......

baz
nice chart bro! ...
  • #11,151
  • May 5, 2009 1:04pm May 5, 2009 1:04pm
If this work out and if this happened to be a wolfie setup ...........we could see even 1.40 .......... maybe I am daydreaming

Quoting baz
GBP_USD Spot.png

We will have to see if this WEDGE plays out.....ok guys trade safe,i am going to watch the same game as INFINITY......

baz
Attached Image (click to enlarge)
Click to Enlarge Name: wolfie.JPG Size: 40 KB
BANDA333
  • #11,152
  • May 5, 2009 1:04pm May 5, 2009 1:04pm
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....
Nicely spotted.
  • #11,153
  • May 5, 2009 1:19pm May 5, 2009 1:19pm
I want to post a chart of the M15, but it doesn't want to cooperate.

Anyway, on the M15 we could see a regular shampoo or an inverted shampoo. Both are in play at the moment.
Hi, my name is Barry and you can keep your doctor...
  • #11,154
  • May 5, 2009 1:26pm May 5, 2009 1:26pm
Quoting cisco
I want to post a chart of the M15, but it doesn't want to cooperate.

Anyway, on the M15 we could see a regular shampoo or an inverted shampoo. Both are in play at the moment.

I think this is what your seeing ????
Attached Image (click to enlarge)
Click to Enlarge Name: Misc GBP.JPG Size: 120 KB
Good Trading To All ; Ken Lee
  • #11,155
  • May 5, 2009 1:29pm May 5, 2009 1:29pm
Quoting KENNETH lEE
I think this is what your seeing ????
Exactly...thank you.
Hi, my name is Barry and you can keep your doctor...
  • #11,156
  • May 5, 2009 4:13pm May 5, 2009 4:13pm
Patience + Discipline - Greed = Success
  • #11,157
  • May 5, 2009 4:16pm May 5, 2009 4:16pm
Quoting Infinity
NEXT YEAR BUDDY....it was all over in the first 11 minutes.........shame..
We need a GOOD DEFENCE,it doent look right at present...
ADAMS
DIXON
KEWON


baz
  • #11,158
  • May 5, 2009 5:00pm May 5, 2009 5:00pm
sorry to say that that was a thrashing and United hardly had a striker on. The third goal was a beauty whichever team you support
  • #11,159
  • May 5, 2009 5:00pm May 5, 2009 5:00pm
GBP consumer confidence 7:01 EDT.
Hi, my name is Barry and you can keep your doctor...
  • #11,160
  • May 5, 2009 5:02pm May 5, 2009 5:02pm
Quoting ezodisy
sorry to say that that was a thrashing and United hardly had a striker on. The third goal was a beauty whichever team you support
No Matter which TEAM you support...but i think Sir Alex Fergusion is the Greatest manager in the last 100 years......NO DOUBT !!!

baz
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