Trade what you see NOT what you expect | Page 578 | Forex Factory

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Trade what you see NOT what you expect

  • #11,541
  • May 8, 2009 10:54am May 8, 2009 10:54am
Quoting PippiNole
What was that I couldn't here you?


Quoting davids
Hiya Infinity

As long as you made lots of green pips I am sure you will be forgiven
Patience + Discipline - Greed = Success
  • #11,542
  • May 8, 2009 11:29am May 8, 2009 11:29am
I just closed out my last trade for the week. I hope everyone has a fun and safe weekend and I'll see ya next week.
  • #11,543
  • May 8, 2009 11:39am May 8, 2009 11:39am
Does anybody have thoughts on where GU is heading
  • #11,544
  • May 8, 2009 11:45am May 8, 2009 11:45am
Quoting davids
Does anybody have thoughts on where GU is heading
Anyway... remember its late crazy friday.... so be aware
"Even A Thousand Mile Journey Begins with the First Step"
  • #11,545
  • May 8, 2009 11:54am May 8, 2009 11:54am
Quoting analizer
Anyway... remember its late crazy friday.... so be aware
THis is true
  • #11,546
  • May 8, 2009 12:01pm May 8, 2009 12:01pm
For all you candle trading purists out there:

Does this H4 candle qualify as a hanging man in your book?
Attached Image
Hi, my name is Barry and you can keep your doctor...
  • #11,547
  • May 8, 2009 12:07pm May 8, 2009 12:07pm
Quoting cisco
For all you candle trading purists out there:

Does this H4 candle qualify as a hanging man in your book?
Hanging Man

The Hanging Man is a top reversal pattern that forms at the end of an uptrend. For it to be valid it must occur directly after an uptrend. Below are the characteristics

 

  1. A long wick - at least twice the length of the real body
  2. A small real body (minus wicks)
  3. Small or no upper wick
  4. Appears after an uptrend
  5. Bonus point if the Hanging Man is a bearish candle

So I would say yes based on the above definition

  • #11,548
  • May 8, 2009 12:12pm May 8, 2009 12:12pm
Quoting davids
Hanging Man

The Hanging Man is a top reversal pattern that forms at the end of an uptrend. For it to be valid it must occur directly after an uptrend. Below are the characteristics

 

  1. A long wick - at least twice the length of the real body
  2. A small real body (minus wicks)
  3. Small or no upper wick
  4. Appears after an uptrend
  5. Bonus point if the Hanging Man is a bearish candle

So I would say yes based on the above definition

Thanks.
Hi, my name is Barry and you can keep your doctor...
  • #11,549
  • May 8, 2009 12:19pm May 8, 2009 12:19pm
Quoting cisco
For all you candle trading purists out there:

Does this H4 candle qualify as a hanging man in your book?

Was is the H/L/O/C of that candle??? Plus how long is the wick???

The wick should be double of what the body is...

HOLLA
  • #11,550
  • May 8, 2009 12:20pm May 8, 2009 12:20pm
Quoting cisco
For all you candle trading purists out there:

Does this H4 candle qualify as a hanging man in your book?
I am always more cautious with hanging man candles that make a new highs and close higher than open...
Patience + Discipline - Greed = Success
  • #11,551
  • May 8, 2009 12:25pm May 8, 2009 12:25pm
Quoting Infinity
I am always more cautious with hanging man candles that make a new highs and close higher than open...
Never thought about that...good point.

Am I to guess that you would think it would go higher based on a new high and the close higher than the open??

Would you wait for more confirmation??? If so, what would you be looking for??

BRB...have to blow the dryway. Just mowed the grass.

HOLLA
  • #11,552
  • May 8, 2009 12:25pm May 8, 2009 12:25pm
Quoting Infinity
I am always more cautious with hanging man candles that make a new highs and close higher than open...
I agree a bearish hanging man would be better
  • #11,553
  • May 8, 2009 12:25pm May 8, 2009 12:25pm
Quoting Infinity
I am always more cautious with hanging man candles that make a new highs and close higher than open...
yes i do agree, they look much better when the body is very close to the open
  • #11,554
  • May 8, 2009 12:26pm May 8, 2009 12:26pm
Quoting Turtle
Was is the H/L/O/C of that candle??? Plus how long is the wick???

The wick should be double of what the body is...

HOLLA
O 1.5091
H 1.5125
L 1.5042
C 1.5118

Wick 49 pips

Body 27 pips

Based on that, the body is slightly too large.
Hi, my name is Barry and you can keep your doctor...
  • #11,555
  • May 8, 2009 12:31pm May 8, 2009 12:31pm
We just got the perfect hanging man on m15...
Patience + Discipline - Greed = Success
  • #11,556
  • May 8, 2009 12:35pm May 8, 2009 12:35pm
Quoting Infinity
We just got the perfect hanging man on m15...
Yes, which is why I took it!
Just digging in the trenches like everyone else!
  • #11,557
  • May 8, 2009 12:36pm May 8, 2009 12:36pm
Quoting Turtle
Never thought about that...good point.

Am I to guess that you would think it would go higher based on a new high and the close higher than the open??

Would you wait for more confirmation??? If so, what would you be looking for??

BRB...have to blow the dryway. Just mowed the grass.

HOLLA
I would definitely wait on more confirmation but if I i'm in the mood, I would take it with stop above the high on the hanging man... Have a good one bro!
Patience + Discipline - Greed = Success
  • #11,558
  • May 8, 2009 12:37pm May 8, 2009 12:37pm
Quoting eohater
Yes, which is why I took it!
I took it too but only for 10 pips... Don't like trading these hours...
Patience + Discipline - Greed = Success
  • #11,559
  • May 8, 2009 12:46pm May 8, 2009 12:46pm
I'm flat at the moment. Even so, I can't figure out who's buying at these levels on a Friday afternoon. It makes no sense.
Hi, my name is Barry and you can keep your doctor...
  • #11,560
  • May 8, 2009 12:49pm May 8, 2009 12:49pm
This old north train departure from 62 EMA rebound have steam yet... SL at +90 pips now... lets see
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"Even A Thousand Mile Journey Begins with the First Step"
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