Trade what you see NOT what you expect | Page 601 | Forex Factory

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Trade what you see NOT what you expect

  • #12,001
  • May 12, 2009 10:57am May 12, 2009 10:57am
Hey am new to this Thread!!!!
I do small level spot gold trade,is any possible ways i can be provided with some gr8 tips as to how and when it`s the correct time to buy/sell????
  • #12,002
  • May 12, 2009 10:57am May 12, 2009 10:57am
EO you were just post # 12,000. Tell him what he has won Bob!
  • #12,003
  • May 12, 2009 10:58am May 12, 2009 10:58am
GBP_USD Spot.png

5 minutes B4 close.....i dont think its conclusive....the open and close are above the previous bars High.....will wait for further PA ..

baz
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  • #12,004
  • May 12, 2009 10:59am May 12, 2009 10:59am
Quoting eohater
Becareful! If your not in a trade, she's consolidating, turn of a new h4, h1 and lunch time in the US.
Yes I see that, thanks eo
  • #12,005
  • May 12, 2009 10:59am May 12, 2009 10:59am
Quoting baz
GBP_USD Spot.png

5 minutes B4 close.....i dont think its conclusive....the open and close are above the previous bars High.....will wait for further PA ..

baz
I agree!
Patience + Discipline - Greed = Success
  • #12,006
  • May 12, 2009 11:06am May 12, 2009 11:06am
Quoting Infinity
I agree!
I agree as well bro! Waiting for other PA to confirm would be smart. Sellers will be waiting when price nears the 535x area though.
Just digging in the trenches like everyone else!
  • #12,007
  • May 12, 2009 11:08am May 12, 2009 11:08am
Quoting pareshjagda
Hey am new to this Thread!!!!
I do small level spot gold trade,is any possible ways i can be provided with some gr8 tips as to how and when it`s the correct time to buy/sell????
Welcome to the thread! We don't make trade calls for people, but we do try and empower them with the ability to trade on their own. I recommend you either read the thread in it's enitrety or download the pdf on post 1.

Trade well!
EO
Just digging in the trenches like everyone else!
  • #12,008
  • May 12, 2009 11:08am May 12, 2009 11:08am
Just brainstorming: Could that be a shampoo forming on the M15
  • #12,009
  • May 12, 2009 11:42am May 12, 2009 11:42am
EUR_USD Spot.png

missed this one......i am faithfull !!!....Damnn

baz
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  • #12,010
  • May 12, 2009 11:45am May 12, 2009 11:45am
I added to a long at 5200...hope it was the right move!
  • #12,011
  • May 12, 2009 11:49am May 12, 2009 11:49am
great entry now get covered
  • #12,012
  • May 12, 2009 11:54am May 12, 2009 11:54am
Quoting Shilva
I added to a long at 5200...hope it was the right move!
it needs to close above yesterdays high on the hourly at least,for more upside,but a good entry....good luck...

baz
  • #12,013
  • May 12, 2009 11:58am May 12, 2009 11:58am
Quoting Shilva
I added to a long at 5200...hope it was the right move!
It was..closed out my bad long at BE and took 34 pips profit.

Flat now until new signal!
  • #12,014
  • May 12, 2009 12:54pm May 12, 2009 12:54pm
Wazzzzzup guys?

This place is kinda dead. About like the market at the moment, I guess.

While I was out earlier I heard an old Hendrix song, 'Voodoo Child.' That was a couple of hours ago and I still can't get that song out of my head. They don't make songs like that anymore!
Hi, my name is Barry and you can keep your doctor...
  • #12,015
  • May 12, 2009 1:07pm May 12, 2009 1:07pm
A little Stevie Ray Vaughn.

Inserted Video
  • #12,016
  • May 12, 2009 1:35pm May 12, 2009 1:35pm
This is for EO or anybody else who would like to spread their knowledge.

The 35MA was at 5242 approx.

PART I

On the close of candle one the price (for me) ws 5212. Which means when I did a reverse my s/l would of been approx. 5177.

Now when candle two came and closed at 5214, would I have use the same s/l as number one or would my s/l have been 5179??

PART II

Now even though these candles closed pretty close to each other, what would of been the scenario if candle two would have closed let's say at 5190?

Trying to understand this one setup better. :nerd:

Thoughts please....

HOLLA
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  • #12,017
  • May 12, 2009 4:26pm May 12, 2009 4:26pm
Like we didn't know this was coming........

HOLLA

http://www.msnbc.msn.com/id/30698248
  • #12,018
  • May 12, 2009 4:43pm May 12, 2009 4:43pm
Quoting Turtle
This is for EO or anybody else who would like to spread their knowledge.

The 35MA was at 5242 approx.

PART I

On the close of candle one the price (for me) ws 5212. Which means when I did a reverse my s/l would of been approx. 5177.

Now when candle two came and closed at 5214, would I have use the same s/l as number one or would my s/l have been 5179??

PART II

Now even though these candles closed pretty close to each other, what would of been the scenario if candle two would have closed let's say at 5190?

Trying to understand this one...
Hi Turtle. I'm a little confused as to your question, but I'll give it a shot.

I'm assuming that trade 1 has been closed before entering trade 2. If that's the case then I'd say each trade has it's own SL.

If you were just adding onto your first trade with trade 2 then your first SL was probably close enough.

Now, if candle 2 closed at 1.5190 your first SL isn't low enough. It probably needs to be around 1.5165.

Does that make any sense?

When I'm in a trade and I add to it, my broker blends the two trades together to form an average entry price. When that happens I have to adjust my SL to account for the blended price. 1.5190 and 1.5212 would be blended to become 1.5201. Then I'd set a SL that was appropriate for 1.5201.
Hi, my name is Barry and you can keep your doctor...
  • #12,019
  • May 12, 2009 5:12pm May 12, 2009 5:12pm
Hi guys,

I am still confused about the 35/50 crossing, is that mean a bar have to cross both lines or a line crossing the other line.

Is this cross meaning up it goes?

Thank you for your help
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Many happy pips returned ...
  • #12,020
  • May 12, 2009 6:10pm May 12, 2009 6:10pm
Quoting cisco
Hi Turtle. I'm a little confused as to your question, but I'll give it a shot.

I'm assuming that trade 1 has been closed before entering trade 2. If that's the case then I'd say each trade has it's own SL.

If you were just adding onto your first trade with trade 2 then your first SL was probably close enough.

Now, if candle 2 closed at 1.5190 your first SL isn't low enough. It probably needs to be around 1.5165.

Does that make any sense?

When I'm in a trade and I add to it, my broker blends the two trades together to form an average...
Yes Cisco, these would be two separate trades.

But if the candle had closed at 5190, this closed candle would be 35+ pips past the MA......is the reverse still valid???

HOLLA
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