Trade what you see NOT what you expect | Page 563 | Forex Factory

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Trade what you see NOT what you expect

  • #11,241
  • May 6, 2009 7:00pm May 6, 2009 7:00pm
Quoting Infinity
Hey bro! Longs off the 62ema have been doing quite well...I think we will see 5350 on gu soon... Most of my money this week has come from longs...
Hey Inifinty, Nice work! I saw that 1hr 62ema touch today and was so close to taking it but I had too much in the market at the time and didnt want to over do it, was kicking my self afterwards though lol

Im with you on the 1.5350 level, its a good target! The rising trendline should keep us above 1.5000 for now. Im just a bit concerned that tomorrow could bring some wake up calls for equities, guess were just have to wait and see!
  • #11,242
  • May 6, 2009 7:17pm May 6, 2009 7:17pm
Quoting Turtle
I had just went long EJ @ 6:45 at 130.88, took profit and lock in a solider.

Let's see what happens.....

HOLLA

Closed last solider @ 131.44.

Catch ya'll for the fireworks tomorrow.

HOLLA
  • #11,243
  • May 6, 2009 7:24pm May 6, 2009 7:24pm
Quoting PipLand

Im with you on the 1.5350 level, its a good target! The rising trendline should keep us above 1.5000 for now. Im just a bit concerned that tomorrow could bring some wake up calls for equities, guess were just have to wait and see!
I'm sure you guys are right about the long term trends. I think short term, though, we may well revisit the 1.5068 area overnight.
Hi, my name is Barry and you can keep your doctor...
  • #11,244
  • May 6, 2009 7:30pm May 6, 2009 7:30pm
Quoting Turtle
Closed last solider @ 131.44.

Catch ya'll for the fireworks tomorrow.

HOLLA
Great job Turtle.

Macc
  • #11,245
  • May 6, 2009 7:30pm May 6, 2009 7:30pm
Quoting Turtle
Closed last solider @ 131.44.

Catch ya'll for the fireworks tomorrow.

HOLLA
Great trade Turtle !!!!!
Good Trading To All ; Ken Lee
  • #11,246
  • May 6, 2009 7:38pm May 6, 2009 7:38pm
Quoting KENNETH lEE
Great trade Turtle !!!!!
Well played too Ken on your GU short

Macc
  • #11,247
  • May 6, 2009 7:40pm May 6, 2009 7:40pm
Quoting macc
Well played too Ken on your GU short

Macc

Did you take any ?? Just closed a E/j short.. I tried to go short earlier on her and got stepped on.
Good Trading To All ; Ken Lee
  • #11,248
  • May 6, 2009 7:52pm May 6, 2009 7:52pm
Quoting KENNETH lEE
Did you take any ?? Just closed a E/j short.. I tried to go short earlier on her and got stepped on.
Luckily didn't take my EJ short at 115 otherwise I would have been toast.

Was expecting GU to move above yesterdays highs so was waiting for a long opportunity. Thought about taking one of the 21 but luckily didn't and wanted to take one just now off the 50 but haven't (yet).

Need to put some oil on my trigger finger
Macc
  • #11,249
  • May 6, 2009 7:53pm May 6, 2009 7:53pm
See you all in the morning get to sleep all the way through...figure London might be slow with the rate decision coming out at 7:00 am our time.. est. Trade Well Ken
Good Trading To All ; Ken Lee
  • #11,250
  • May 6, 2009 7:57pm May 6, 2009 7:57pm
Quoting KENNETH lEE
See you all in the morning get to sleep all the way through...figure London might be slow with the rate decision coming out at 7:00 am our time.. est. Trade Well Ken
Catch you tomorrow Kenneth.

Macc
  • #11,251
  • May 6, 2009 7:57pm May 6, 2009 7:57pm
Quoting macc
Luckily didn't take my EJ short at 115 otherwise I would have been toast.

Was expecting GU to move above yesterdays highs so was waiting for a long opportunity. Thought about taking one of the 21 but luckily didn't and wanted to take one just now off the 50 but haven't (yet).

Need to put some oil on my trigger finger
Macc
You will get there if you can, when you see a entry even if you don't take it mark it on your chart with a tiny trendline or something . Once you see how many YOU pick that work out. It should come easier to Jump.

Have a nice nIght Late over there... Ken Lee

http://www.gifs.net/Animation11/Spor...achutist_5.gif

Just Jump
Good Trading To All ; Ken Lee
  • #11,252
  • May 6, 2009 8:01pm May 6, 2009 8:01pm
Since we are speculating.

The H&S did not play out on the daily.

The 4th run up on this pattern broke higher then the 2nd run up.

A double top did not form at the 3rd level.

I am looking for a pull back from the high of the 4th run up and then a 5th leg up.

5000 may hold as support and then a shot up to 5380 area!

My longs have done better then the shorts also...just have not taken enough of them since I have been shorting this girl regularly this week looking for a reversal!

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  • #11,253
  • May 6, 2009 8:01pm May 6, 2009 8:01pm
A little inspiration , and advice.. See you later..
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Good Trading To All ; Ken Lee
  • #11,254
  • May 6, 2009 8:55pm May 6, 2009 8:55pm
How can I determine based on daily when I have 3 platforms that show 3 DIFFERENT daily candle formations....any feedback??? EO...Infinity....Someone....Anyone....HELP!
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  • #11,255
  • May 6, 2009 9:16pm May 6, 2009 9:16pm
In my opinion,

It does not matter in ways what your Daily candle looks like relative to each other, if you have trouble discerning what is happening simply drop down in timeframes and zoom out. The three of your feeds tell the same story about what price did, it just aggregated them differently.

Thats why I personally think location is the most important thing in trading, solid suport and resistance is always suport and resistance on any feed.

What I would do is pick one feed and stick to it if having more confuses you. Before study started mounting up on me I would watch every different 4HR candle close on different brokers. Meaning I would have a 4HR candle closing every hour (lol) and it was fine, but at the end of the day it's a location issue.

On each feed of yours its an inside candle, which is indicative of market indecision. It is resting on the .50 however, I always count these numbers as major support/resistance because of the massive order flow they attract/liquidity as well as the impact of financial options on the spot forex market.

I thought first when I eyeballed it that it was an 14B - An inside four bar, but IT IS an inside 3 bar, I have never really noted inside 3 bars but I guess its the same thing as an 14B but to a lesser extent, Whichever way 14B' go they usually break rapidly and aggressively. The last time there was a I4B on Cable it boomed downwards.

I am only on my useless webbook at the moment so I can't post charts :|

Hope thats of use and that I didn't ramble there
Jigsaw
  • #11,256
  • May 6, 2009 9:17pm May 6, 2009 9:17pm
Quoting rt4x
How can I determine based on daily when I have 3 platforms that show 3 DIFFERENT daily candle formations....any feedback??? EO...Infinity....Someone....Anyone....HELP!
Going into tomorrow... be careful.. lots of data coming up... As regards charts... I personally just choose one for analysis, which is rumus. It is less confusing that way.. Nothing is wrong with looking at multiple platforms but I try not to look at too many at once...
Patience + Discipline - Greed = Success
  • #11,257
  • May 6, 2009 9:21pm May 6, 2009 9:21pm
I hope someone got 30 - 50 pips just now off those m15 50's... I know I did..
Patience + Discipline - Greed = Success
  • #11,258
  • May 6, 2009 9:25pm May 6, 2009 9:25pm
Jigsaw....I think you are referring to the current candle on daily...I was referring to the daily that closed a few hours ago (previous)...but your explanation is very good in helping understand candle formation...Thanks a bunch
ps. sorry that I was not clear on my first post ...
  • #11,259
  • May 6, 2009 9:26pm May 6, 2009 9:26pm
To much information causes indecision and hesitation.....keep it simple.
  • #11,260
  • May 6, 2009 9:28pm May 6, 2009 9:28pm
Quoting Shilva
To much information causes indecision and hesitation.....keep it simple.
exactly
Patience + Discipline - Greed = Success
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