Trade what you see NOT what you expect | Page 583 | Forex Factory

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Trade what you see NOT what you expect

  • #11,641
  • May 11, 2009 8:36am May 11, 2009 8:36am
Quoting koorb
Just an observation: we are now trading below the 15M 248E. Wait to to see if it stays below this MA

But we are above the 200sma 15M. Tight range. Lets see where she goes
  • #11,642
  • May 11, 2009 8:43am May 11, 2009 8:43am
Quoting PippiNole
Good morning! My south bound soldier could handle that number.
Are you short on the mistress as well?
Just digging in the trenches like everyone else!
  • #11,643
  • May 11, 2009 8:48am May 11, 2009 8:48am
Quoting eohater
Are you short on the mistress as well?
Yes sir and you?
  • #11,644
  • May 11, 2009 8:48am May 11, 2009 8:48am
Quoting PippiNole
Good morning everyone! Hey Infinity what is your take on GU if you don't mind me asking?
Based on the higher timeframes I am still bullish but we could get a retracement to the weekly 5ema (around 496x on my chart) before we head up..
Patience + Discipline - Greed = Success
  • #11,645
  • May 11, 2009 8:51am May 11, 2009 8:51am
Quoting PippiNole
Yes sir and you?
You know I am brother! I said last week what level I wanted to see for a short on her ass and I'm there bro! Banked pips, added soldiers, banked some more and added more. I wouldn't mind holding down to around 127.
Just digging in the trenches like everyone else!
  • #11,646
  • May 11, 2009 8:51am May 11, 2009 8:51am
Quoting Infinity
Based on the higher timeframes I am still bullish but we could get a retracement to the weekly 5ema (around 496x on my chart) before we head up..
Thank you. Did you catch the ride south?
  • #11,647
  • May 11, 2009 8:51am May 11, 2009 8:51am
Quoting Infinity
Based on the higher timeframes I am still bullish but we could get a retracement to the weekly 5ema (around 496x on my chart) before we head up..
Morning bro! I agree, with the area your looking at.
Just digging in the trenches like everyone else!
  • #11,648
  • May 11, 2009 8:53am May 11, 2009 8:53am
Quoting eohater
You know I am brother! I said last week what level I wanted to see for a short on her ass and I'm there bro! Banked pips, added soldiers, banked some more and added more. I wouldn't mind holding down to around 127.
Have you been peeking at my trade log.
  • #11,649
  • May 11, 2009 8:55am May 11, 2009 8:55am
Quoting PippiNole
Thank you. Did you catch the ride south?
Yeah bro! I shorted to double top and closed out at the 62ema...
Patience + Discipline - Greed = Success
  • #11,650
  • May 11, 2009 8:57am May 11, 2009 8:57am
Quoting eohater
Morning bro! I agree, with the area your looking at.
Morning bro! Great job on that ej trade!
Patience + Discipline - Greed = Success
  • #11,651
  • May 11, 2009 8:58am May 11, 2009 8:58am
Quoting Infinity
Yeah bro! I shorted to double top and closed out at the 62ema...
Cool, but have you also been cheating?
  • #11,652
  • May 11, 2009 9:00am May 11, 2009 9:00am
Quoting PippiNole
Cool, but have you also been cheating?
not yet...
Patience + Discipline - Greed = Success
  • #11,653
  • May 11, 2009 9:01am May 11, 2009 9:01am
Quoting Infinity
Morning bro! Great job on that ej trade!
Good job on your short bro! I still have one left from 5240 running south on GU, but she's wearing out.
Just digging in the trenches like everyone else!
  • #11,654
  • May 11, 2009 9:01am May 11, 2009 9:01am
Quoting PippiNole
Have you been peeking at my trade log.
Just digging in the trenches like everyone else!
  • #11,655
  • May 11, 2009 9:03am May 11, 2009 9:03am
Anybody long gu yet? I took a few longs at 85 and took profit and have been stopped out +2 twice... I wonder if it will happen again....
Patience + Discipline - Greed = Success
  • #11,656
  • May 11, 2009 9:08am May 11, 2009 9:08am

Some Confirmation To enter at MA's

Some of the trades most available during almost anytime of the day are the trades off the MA'S . Which we call the 1:00 and 5:00 O'Clock trades because the 5,10,or 21 ma point in the direction of that number on the clock face depending on the trend (up = 1:00 and down = 5:00 ). The problem I am having is entering straight away against the current price action, So I have been looking for some type of confirmation to get in at the right place. I have been entering after it starts to move and can lose the majority of the pips available. This is the E/J because the cable is going sideways right now..

I will confirm the same is happening with it and post it later...
Here are the items I noticed to help us jump on the bus at the right time allowing us to take all the pips available... Plus using these your stops can be tight as your entering closer to the top.

Line A This is probably the Best and should have been the easiest to enter..As we can see in the circled area. This area was major support and now is resistance. Entry is at the red arrow. I would enter once the price starts back down.

Lines B,C,D and F are pretty much the same. Almost all had a Green bullish candle prior to entry candle . This is what makes the entries so hard to take.
But they all stopped at a previous area that was minor support before. The price doesn't break above and we have our MA's as a signal . So once the next candle opens retest that support (now resistance ) and starts down is our entry signal. ( red arrows)
Depending on our risk our stops could be very tight 10 or less above the S/R area.

All the 5 trade were worth over 40 pips each. Some a lot more.

Now the rules..
1. Price approaches the MA areas.
2. look left for previous S/R area minor 15 min, or major HR ,
3. Look for the candle to stall at that area.
4. Enter on next candle when it turns back or if it heads in the right direction straight off.


I hope this helps some.. Now if I can only DO IT !!!!

I understand this is basic to a lot of you but bare with us stragglers... LOL..
Attached Image (click to enlarge)
Click to Enlarge Name: 1 and 5 oclock trades chart.JPG Size: 218 KB
Good Trading To All ; Ken Lee
  • #11,657
  • May 11, 2009 9:08am May 11, 2009 9:08am
Quoting Infinity
Anybody long gu yet? I took a few longs at 85 and took profit and have been stopped out +2 twice... I wonder if it will happen again....
Dude, is she likely to drive through the 62 if she goes north rather than bounce off it ??
  • #11,658
  • May 11, 2009 9:10am May 11, 2009 9:10am
Quoting riggster
Dude, is she likely to drive through the 62 if she goes north rather than bounce off it ??
Can't know for sure! However, I can't lose either way....
Patience + Discipline - Greed = Success
  • #11,659
  • May 11, 2009 9:12am May 11, 2009 9:12am
Quoting Infinity
Can't know for sure! However, I can't lose either way....
BE is what its all about
  • #11,660
  • May 11, 2009 9:17am May 11, 2009 9:17am
Quoting Infinity
Anybody long gu yet? I took a few longs at 85 and took profit and have been stopped out +2 twice... I wonder if it will happen again....
I'm not long on GU yet, but I am on EU and covered at +2 with 25 in the bank.
Just digging in the trenches like everyone else!
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