Trade what you see NOT what you expect | Page 624 | Forex Factory

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Trade what you see NOT what you expect

  • #12,461
  • May 15, 2009 1:03am May 15, 2009 1:03am
And a bounce off the M15 62ema
  • #12,462
  • May 15, 2009 1:04am May 15, 2009 1:04am
Quoting koorb
Did anybody look at or take the M15 35/50 cross
Nope......I'm just watching....actually I'm about to head to bed.

This is the London reversal coming up...these use to bite my ass.

HOLLA
  • #12,463
  • May 15, 2009 1:09am May 15, 2009 1:09am
Quoting Turtle
It sure is, so I took it in demo to see what happens, short from 5223. :nerd:

HOLLA
Took profit and covered.....she then hit my s/l.

London reversal....whipsaw city!!!!!

But green pips is good...catch ya in the US Session.

HOLLA
  • #12,464
  • May 15, 2009 1:30am May 15, 2009 1:30am
Quoting Turtle
Took profit and covered.....she then hit my s/l.

London reversal....whipsaw city!!!!!

But green pips is good...catch ya in the US Session.

HOLLA

Green is good see you tomorrow
  • #12,465
  • May 15, 2009 2:12am May 15, 2009 2:12am
Ken did you catch any of this move on the mistress?
  • #12,466
  • May 15, 2009 2:15am May 15, 2009 2:15am
Quoting PippiNole
Ken did you catch any of this move on the mistress?
No Unfortunatelly I just got here..
Good Trading To All ; Ken Lee
  • #12,467
  • May 15, 2009 2:17am May 15, 2009 2:17am
Quoting KENNETH lEE
No Unfortunatelly I just got here..
There is always another trade.
  • #12,468
  • May 15, 2009 2:49am May 15, 2009 2:49am
reasons for buying at 1.5185

1h 62ema
15m pin
approximately 38.2% retrace of yesterday's up move
4h 10sma

I closed half at 217 and the rest at b/e. I still get the feeling this H&S won't play out.
  • #12,469
  • May 15, 2009 3:11am May 15, 2009 3:11am
Quoting ezodisy
reasons for buying at 1.5185

1h 62ema
15m pin
approximately 38.2% retrace of yesterday's up move
4h 10sma

I closed half at 217 and the rest at b/e. I still get the feeling this H&S won't play out.

Way to go Good eyes...:nerd:I think I have lazy eye sydrome
Good Trading To All ; Ken Lee
  • #12,470
  • May 15, 2009 3:16am May 15, 2009 3:16am
I have that every day! I didn't notice the 4h 10sma until afterwards but the rest were there to see. I'm starting to stick on fibs the night before so I'm ready for mornings.
  • #12,471
  • May 15, 2009 3:31am May 15, 2009 3:31am
Quoting ezodisy
I have that every day! I didn't notice the 4h 10sma until afterwards but the rest were there to see. I'm starting to stick on fibs the night before so I'm ready for mornings.

I always use my fibs they are a bit more confirmation. Everything that agrees helps.
Good Trading To All ; Ken Lee
  • #12,472
  • May 15, 2009 3:48am May 15, 2009 3:48am
I took more off at 5230 and the rest just closed for b/e.
  • #12,473
  • Edited 6:20am May 15, 2009 6:09am | Edited 6:20am
Morning, fellows
Freaky Friday it is.

Took long from hammer (red circle) on 15M at 5175 - did not work. Got out with -2.
Previous hammer worked OK - green circle.
Now, there is another hammer/pin on 1H - very strange behavior.

I'll stay flat, wait for clear signals.
Attached Image (click to enlarge)
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  • #12,474
  • May 15, 2009 6:18am May 15, 2009 6:18am
Quoting Komissar
Morning, fellows
Freaky Friday it is.

Took long from hammer on 15M at 5175 - did not work. Got out with -2.
Now, there is another hammer/pin on 1H - very strange behavior.

I'll stay flat, wait for clear signals.
Morning

That wont break the bank mate well chopped.. Shes put some more work in on the H & S this morning.

Im not looking for it...too early. I can still see her continuing north next week. Guess more news 2day and next week will make things clearer.
  • #12,475
  • May 15, 2009 6:24am May 15, 2009 6:24am
Quoting riggster
Morning

That wont break the bank mate well chopped.. Shes put some more work in on the H & S this morning.

Im not looking for it...too early. I can still see her continuing north next week. Guess more news 2day and next week will make things clearer.
Did you mean this H&S?
Attached Image (click to enlarge)
Click to Enlarge Name: 15min.jpg Size: 84 KB
  • #12,476
  • May 15, 2009 6:29am May 15, 2009 6:29am
Quoting Komissar
Did you mean this H&S?
Yes mate and another biggy on the 1H.

Gonna have to work out postin some charts. I'll have a play over the w,end.
  • #12,477
  • Edited 7:27am May 15, 2009 7:17am | Edited 7:27am
Well what now ??? E/J is at questionable area. We have a trendline on the 4hr. the 61.8% fib and a Support area from around the 22nd last month.. so ????? Move and let us know what your going to do....

Gbp is in the middle of the daily range .. maybe the news will give it a shove one way or the other..

We will let price action show the way..
Good Trading To All ; Ken Lee
  • #12,478
  • May 15, 2009 7:21am May 15, 2009 7:21am
Quoting Komissar
Morning, fellows
Freaky Friday it is.

Took long from hammer (red circle) on 15M at 5175 - did not work. Got out with -2.
Previous hammer worked OK - green circle.
Now, there is another hammer/pin on 1H - very strange behavior.

I'll stay flat, wait for clear signals.
there was 2 of those fake Pins on the E/J I got caught up in one.. for a little lose.. Need to figure out what I am missing on those has to be a Sign not to take them... It will come to me in a dream ( nightmare , do you see candles in your sleep !!)
Good Trading To All ; Ken Lee
  • #12,479
  • Edited 8:07am May 15, 2009 7:57am | Edited 8:07am
Quoting Komissar
Morning, fellows
Freaky Friday it is.

Took long from hammer (red circle) on 15M at 5175 - did not work. Got out with -2.
Previous hammer worked OK - green circle.
Now, there is another hammer/pin on 1H - very strange behavior.

I'll stay flat, wait for clear signals.
Good Morning, Everyone:

I held my trade from late yesterday into overnight, it was my take-profit and reversal trade at .5245 (short). It wobbled at + 10 to +20 most of the evening, and into the night. I was originally going to reset my stop to a 30 pip trail, but as I did, I caught something on my 1H chart that made me go back to my original setup with my Sl at .5260, and take profit of 5100.....I'm glad I did.
this morning, I made the mistake of "micro-managing" my trade on the 15 chart and saw that same pin and hammer, which made me get out at .5175. AFTER I exited is when I saw my 1H chart, and cursed myself for getting out too soon. I reset a PO for long @ .5135,(off the 200 sma) which it hit, and I took half off the table at .5200....
I'm currently sitting with the other half long, and by the looks of it, I made the right decision for once!
My heartfelt Thanks to all here for mentoring me, directly and indirectly. I am making good calls for the first time since I began in Dec., and the light bulb has finally turned on. I'm about to take a week's vacation, so hopefully the light doesn't dim out on me again when I get back.

Ez


Update (9:06 AM) I just removed 1 more soldier at +60, have 1 remaining to run with.....see where it takes me
  • #12,480
  • May 15, 2009 8:06am May 15, 2009 8:06am
Quoting KENNETH lEE
there was 2 of those fake Pins on the E/J I got caught up in one.. for a little lose.. Need to figure out what I am missing on those has to be a Sign not to take them... It will come to me in a dream ( nightmare , do you see candles in your sleep !!)
Ken, could you post a chart showing the pins you are referring to? I don't see them on my chart.
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