Trade what you see NOT what you expect | Page 623 | Forex Factory

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Trade what you see NOT what you expect

  • #12,441
  • May 14, 2009 7:41pm May 14, 2009 7:41pm
Quoting KENNETH lEE
You all have a good evening .. Take care... Ken
Catch ya tomorrow....sleep well bro.

HOLLA
  • #12,442
  • May 14, 2009 10:29pm May 14, 2009 10:29pm
Freaky Friday coming up........

Then the weekend........

HOLLA
  • #12,443
  • May 14, 2009 10:34pm May 14, 2009 10:34pm
Quoting Turtle
Freaky Friday coming up........

Then the weekend........

HOLLA

Hi Turtle:

Have watched this thread for quite some time and am still learning all the setups. I am still watching the for the shampoo which shows on the H1 and M15. what do you think about it.
  • #12,444
  • May 14, 2009 10:48pm May 14, 2009 10:48pm
I don't know if you guys are watching the eur/nzd. Possible head and shoulders forming on the 4 hour chart. I'm waiting for 4 hour bearish price action then a close below for a minimal risk, very high reward trade. Thoughts?

We're at a solid point of support/resistance based off the weekly charts.
In the meantime, I am just beginning to read through the thread. Have a good night ladies and gents.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: four hour eurnzd.gif Size: 17 KB
I dream, therefore I become.
  • #12,445
  • May 14, 2009 10:48pm May 14, 2009 10:48pm
Quoting koorb
Hi Turtle:

Have watched this thread for quite some time and am still learning all the setups. I am still watching the for the shampoo which shows on the H1 and M15. what do you think about it.
Anything is possible....on Friday, but actually everyday in FX. :nerd:

I see short to 5180, but we could get a bounce which my take us to the top @ 5350, with at least a close over 5300.


Below 5180 I see 5100 maybe back to 5080 area.

So let's see how she plays, after today as we all witness...it's all about the entry, because that was a nice run up today.

HOLLA
  • #12,446
  • May 14, 2009 11:02pm May 14, 2009 11:02pm
Quoting mike w
I don't know if you guys are watching the eur/nzd. Possible head and shoulders forming on the 4 hour chart. I'm waiting for 4 hour bearish price action then a close below for a minimal risk, very high reward trade. Thoughts?

We're at a solid point of support/resistance based off the weekly charts.
In the meantime, I am just beginning to read through the thread. Have a good night ladies and gents.

I don't trade it, but from what I see on that chart, short @ 2.2755...target 2.2600.......with a 35 pip s/l. :nerd:

How's it going bro.......

HOLLA
  • #12,447
  • May 14, 2009 11:04pm May 14, 2009 11:04pm
Quoting Turtle
I don't trade it, but from what I see on that chart, short @ 2.2755...target 2.2600. :nerd:

How's it going bro.......

HOLLA
Yep, that would be an excellent breakout strategy for it.

It's going great my man! Can't sleep so I figure I'm just going to look at the charts for the night and watch some movies. Those are the best I'm really seeing at the moment. Everything else seems jumbled.
I dream, therefore I become.
  • #12,448
  • May 14, 2009 11:32pm May 14, 2009 11:32pm
Quoting mike w
Yep, that would be an excellent breakout strategy for it.

It's going great my man! Can't sleep so I figure I'm just going to look at the charts for the night and watch some movies. Those are the best I'm really seeing at the moment. Everything else seems jumbled.
I set a PO in demo for a test with a 35 pip s/l. :nerd:

I'm up watching sports and chillin out....my normal Thursday routine.

Noting setups I'm looking for when I wake up tomorrow.

HOLLA
  • #12,449
  • May 14, 2009 11:34pm May 14, 2009 11:34pm
Quoting Turtle
I set a PO in demo for a test with a 35 pip s/l. :nerd:

I'm up watching sports and chillin out....my normal Thursday routine.

Noting setups I'm looking for when I wake up tomorrow.

HOLLA
This pair moves A LOT, like g/j. 35 pip s/l on a breakout entry might work, but it also is very likely to get whipped out.
I dream, therefore I become.
  • #12,450
  • May 14, 2009 11:40pm May 14, 2009 11:40pm
Quoting mike w
This pair moves A LOT, like g/j. 35 pip s/l on a breakout entry might work, but it also is very likely to get whipped out.
That's why I'm in demo.......always running tests. :nerd:

You never know what might work.

If I wake up and I'm up, will lock @ +2 and move on.

HOLLA
  • #12,451
  • May 14, 2009 11:52pm May 14, 2009 11:52pm
Quoting Turtle
That's why I'm in demo.......always running tests. :nerd:

You never know what might work.

If I wake up and I'm up, will lock @ +2 and move on.

HOLLA
Excellent. It's always best to get a feel for different pairs first. I'm just waiting on this 4 hour close now. If it closes as a pin, that'll give me a very minimal risk trade. By the time the daily breaks, I'd be at B/E already. It all just depends on this bar. If not, I'm just hitting the sack and calling it quits for the week.
I dream, therefore I become.
  • #12,452
  • May 14, 2009 11:59pm May 14, 2009 11:59pm
Quoting mike w
Excellent. It's always best to get a feel for different pairs first. I'm just waiting on this 4 hour close now. If it closes as a pin, that'll give me a very minimal risk trade. By the time the daily breaks, I'd be at B/E already. It all just depends on this bar. If not, I'm just hitting the sack and calling it quits for the week.
What time does yours close???

HOLLA
  • #12,453
  • May 15, 2009 12:11am May 15, 2009 12:11am
Quoting Turtle
What time does yours close???

HOLLA
It just did with a bearish bar. price is stalling and forming a head and shoulders formation IMO. My entry will be at 2.2948- 7 pips below the previous candle.
I dream, therefore I become.
  • #12,454
  • May 15, 2009 12:19am May 15, 2009 12:19am
Quoting mike w
It just did with a bearish bar. price is stalling and forming a head and shoulders formation IMO. My entry will be at 2.2948- 7 pips below the previous candle.
What is your target???? :nerd:

HOLLA
  • #12,455
  • May 15, 2009 12:28am May 15, 2009 12:28am
Quoting Turtle
What is your target???? :nerd:

HOLLA
2.26 initially. If we break that level, 2.15-17. This is a longer term trade.
This trade is originally based on the bearish daily bar at the PPZ area. I just broke it down and noticed the 4 hour bar/head and shoulder forming. Once we break the daily, I'll have a few seperate targets however.

2.26, once that breaks IF it breaks, I will place my stops above and wait for the second target of 2.24. If and when that breaks, 2.17 looks to be the next major support area and final target.
I dream, therefore I become.
  • #12,456
  • May 15, 2009 12:31am May 15, 2009 12:31am
Quoting mike w
It just did with a bearish bar. price is stalling and forming a head and shoulders formation IMO. My entry will be at 2.2948- 7 pips below the previous candle.
Is that the candles close price or the wick?? :nerd:

HOLLA
  • #12,457
  • May 15, 2009 12:34am May 15, 2009 12:34am
Quoting mike w
2.26 initially. If we break that level, 2.15-17. This is a longer term trade.
This trade is originally based on the bearish daily bar at the PPZ area. I just broke it down and noticed the 4 hour bar/head and shoulder forming. Once we break the daily, I'll have a few seperate targets however.

2.26, once that breaks IF it breaks, I will place my stops above and wait for the second target of 2.24. If and when that breaks, 2.17 looks to be the next major support area and final target.
Nice targets, with a tight s/l........

Learning something new everyday........:nerd:

HOLLA
  • #12,458
  • May 15, 2009 12:53am May 15, 2009 12:53am
Quoting Turtle
Is that the candles close price or the wick?? :nerd:

HOLLA
The low of the previous 4 hour bar was 2.2955. That's the low of the wick/whole length of candle. To me, those 7 pips are enough to present a breakout on a 4 hour bar. On a longer term bar, I would add a few on to ensure a true breakout off the low.
I dream, therefore I become.
  • #12,459
  • May 15, 2009 12:56am May 15, 2009 12:56am
Quoting mike w
The low of the previous 4 hour bar was 2.2955. That's the low of the wick/whole length of candle. To me, those 7 pips are enough to present a breakout on a 4 hour bar. On a longer term bar, I would add a few on to ensure a true breakout off the low.
That's interesting, I never thought about a trade that way.....:nerd:

HOLLA
  • #12,460
  • May 15, 2009 12:56am May 15, 2009 12:56am
Did anybody look at or take the M15 35/50 cross
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