Trade what you see NOT what you expect | Page 575 | Forex Factory

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

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Trade what you see NOT what you expect

  • #11,481
  • May 8, 2009 9:07am May 8, 2009 9:07am
Quoting cisco
You're absolutely correct. It gives an extra bit of confluence.

Many times before a major news announcement you'll see price wander to the 50 fib level and hang around there until the release of the news. I guess traders view it as a safe neutral zone to wait in.
Nice bro,

I'll plot it on my charts in future and see how prices interaction with it.

Quoting Turtle
Nice Jig.......

Where can I get those index charts from???

HOLLA
Woops forgot to put in the link -

Index charts available from these guys -
This broker is meant to be horrible for paying people out money etc lol, but their index charts are really useful nevertheless .

Market Watch - Show All - Then they are the xxxLFX (xxx = Currency Pair, LFX = The other Majors)

http://www.liteforex.org/demoaccount.php

Quoting PipLand
I love correlations too, some nice work there!
Sup bro, hope everything is looking green for you

Yeah you gotta love the correlations tbh, I use them as my "final confluence" before getting in a trade, they have helped against a lot of stupid mistakes which I would have made tbh hehe
  • #11,482
  • May 8, 2009 9:09am May 8, 2009 9:09am
Quoting davids
The daily pivot on the 1H is at 1.5050 it seems to be having trouble getting past it
Sure is......

1HR 62ema, 10sma.......4HR 10sma, 5ema...etc...etc

Alot going on, but last 1HR bearish and 4HR (with 2hrs to go) bearish.

HOLLA
  • #11,483
  • May 8, 2009 9:10am May 8, 2009 9:10am
Quoting Jigsaw
Nice bro,

I'll plot it on my charts in future and see how prices interaction with it.



Woops forgot to put in the link -

Index charts available from these guys -
This broker is meant to be horrible for paying people out money etc lol, but their index charts are really useful nevertheless .

Market Watch - Show All - Then they are the xxxLFX (xxx = Currency Pair, LFX = The other Majors)

http://www.liteforex.org/demoaccount.php



Sup bro, hope everything is looking green for you

Yeah you gotta love the correlations...
Thanks bro.....

HOLLA
  • #11,484
  • May 8, 2009 9:10am May 8, 2009 9:10am
http://i42.tinypic.com/or31xy.gif

Does anyone short here? Is it consider as a nice setup?
  • #11,485
  • May 8, 2009 9:17am May 8, 2009 9:17am
Quoting Jigsaw
Sup bro, hope everything is looking green for you

Yeah you gotta love the correlations tbh, I use them as my "final confluence" before getting in a trade, they have helped against a lot of stupid mistakes which I would have made tbh hehe
Yeah I know exactly what you mean they have saved my arse many times! lol

Im doing good thnx, sounds like you doing well yourself too! 0 pips so far today had shorts at 5050 which got taken out before the news but im back in at 5069 and 5087, I was suprised to see the bear flag never broke down with all the volatility.

Im looking for just above 4835 now theres a 23.6 fib there which coinsides with an uptrend line.
  • #11,486
  • May 8, 2009 9:19am May 8, 2009 9:19am
Quoting Turtle
Is anyone in a trade besides EZ????

I'm flat atm.

HOLLA
Yo Turtle

I am short from 1.5071
  • #11,487
  • May 8, 2009 9:21am May 8, 2009 9:21am
Quoting davids
Yo Turtle

I am short from 1.5071
Good job...still flat.

Make sure you cover, 5050 area is proving to be strong, with 1HR 62ema and 50% retrace all in that 5040 area.

But it's Friday and anything can happen.

HOLLA
  • #11,488
  • May 8, 2009 9:22am May 8, 2009 9:22am
Quoting Jigsaw
As I am Irish and was asleep at the time you guys were talking last night (booo!) I couldn't share an opinion at the time.

However I love correlations.

I find that EURUSD and CHFUSD

And the triangle of the GBPJPY, EURJPY and USDJPY are awesome.


But I like to use index's a lot for correlations as well, When I see price action on different charts, especially if price action is occuring on the same *second pair* I try to do a bit of detective work on the Index's to see which is the weakest and which is the strongest.

Heres an example from...
I do the same thing.

Also, if I see a currency index in a strong trend, and I see a signal on a pair to go the other way, that says to me either stay out, or be prepared to have fast fingers to bail out of the trade if need be. As an example, I've seen a pin on GU indicating to sell, but the USDLFX was in a strong downtrend, so I didn't take the trade. I was vindicated because GU kept on going on purely on $ weakness.
  • #11,489
  • May 8, 2009 9:23am May 8, 2009 9:23am
This link will take you to Hussin Naiji's thread. Whom EO and Infinity hold in high regards as a analyst. He uses the indexes and also has some calculations for there use. Might want to check it out if your interested in those LFX charts..

http://www.forexfactory.com/showthread.php?t=69786

And Good Morning to everyone.. Ken
Good Trading To All ; Ken Lee
  • #11,490
  • May 8, 2009 9:25am May 8, 2009 9:25am
Quoting eohater
That is a hell of a pin, but I'm not ready to fire long rockets just yet. Wrong time of day for me. I will though be looking in a couple of hours for a long position. I can see at 15m 35/50 cross and reverse order coming up that might send us back to the 497x region for a good long position. We will see of course. For now, I'm outta here. I will be on tonight though.
I hope people got both of these. They both paid out nice. I did not get the 35/50 cross and reverse, but I did get the long from 4977.
Just digging in the trenches like everyone else!
  • #11,491
  • May 8, 2009 9:26am May 8, 2009 9:26am
Quoting Jigsaw
As I am Irish and was asleep at the time you guys were talking last night (booo!) I couldn't share an opinion at the time.

However I love correlations. ..But I like to use index's a lot for correlations as well, When I see price action on different charts, especially if price action is occuring on the same *second pair*...
Nice examples Jigsaw... Just learning it too

Pd. Im sending you a message, it if doesnt bother
"Even A Thousand Mile Journey Begins with the First Step"
  • #11,492
  • May 8, 2009 9:27am May 8, 2009 9:27am
Quoting eohater
I hope people got both of these. They both paid out nice. I did not get the 35/50 cross and reverse, but I did get the long from 4977.
Morning bro....

Good job....

HOLLA
  • #11,493
  • May 8, 2009 9:32am May 8, 2009 9:32am
A friend sent me this earlier today an amazing video truly inspirationaI

A son asked his father, 'Dad, will you take part in a marathon with me?'
The father who, despite having a heart condition, says 'Yes'.
They went on to complete the marathon together.
Father and son went on to join other marathons, the father always saying 'Yes' to his son's request of going through the race together.
One day, the son asked his father, 'Dad, let's join the Ironman together.'
To which, his father said 'Yes' too.

For those who don't know, Ironman is the toughest triathlon ever.
The race encompasses three endurance events of a 2.4 mile (3.86kilometer) ocean swim, followed by a 112 mile (180.2 kilometer) bike ride, and ending with a 26.2 mile (42.195 kilometer) marathon along the coast of the Big Island, Hawaii.
Father and son went on to complete the race together. View this race .....
http://www.tangle.com/view_video.php...aca5dd9ea45513



  • #11,494
  • May 8, 2009 9:34am May 8, 2009 9:34am
Morning Eo whats happened to your twin
  • #11,495
  • May 8, 2009 9:35am May 8, 2009 9:35am
Im long based on 35-50 MA on 15 min & 62EMA (1 hr)... Hope me eyes dont lye me
"Even A Thousand Mile Journey Begins with the First Step"
  • #11,496
  • May 8, 2009 9:35am May 8, 2009 9:35am
Quoting Turtle
Morning bro....

Good job....

HOLLA
Morning bro!
Just digging in the trenches like everyone else!
  • #11,497
  • May 8, 2009 9:36am May 8, 2009 9:36am
Quoting davids
Morning Eo whats happened to your twin
He's just as busy with his office as I am with mine right now.
Just digging in the trenches like everyone else!
  • #11,498
  • May 8, 2009 9:39am May 8, 2009 9:39am
Quoting eohater
He's just as busy with his office as I am with mine right now.


Cool I understand,
  • #11,499
  • May 8, 2009 9:44am May 8, 2009 9:44am
Quoting eohater
He's just as busy with his office as I am with mine right now.

What's a OFFICE ??? Is that one of those places you have to get dressed to go to work?
Good Trading To All ; Ken Lee
  • #11,500
  • May 8, 2009 9:50am May 8, 2009 9:50am
Quoting KENNETH lEE
What's a OFFICE ??? Is that one of those places you have to get dressed to go to work?
"Even A Thousand Mile Journey Begins with the First Step"
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