Trade what you see NOT what you expect | Page 636 | Forex Factory

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Trade what you see NOT what you expect

  • #12,701
  • May 19, 2009 10:25am May 19, 2009 10:25am
Im waiting a retrace for an oportunity to go long , although she could bring up 553x level .Daily looks strong bullish
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"Even A Thousand Mile Journey Begins with the First Step"
  • #12,702
  • May 19, 2009 10:29am May 19, 2009 10:29am
Double Top?

Also, 5320ish wiould be a 50% retracement on 1H.

And expected hangman on 4H.
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  • #12,703
  • May 19, 2009 10:38am May 19, 2009 10:38am
we have broken the channel on the daily but it could just be a fakeout.. I will wait and see.. Plus 200 sma is close. Daily candle is nothing for nine more hours pullback could make a nice pin on the dailly..
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Good Trading To All ; Ken Lee
  • #12,704
  • May 19, 2009 10:56am May 19, 2009 10:56am
I am thinking it is starting to turn..... seeing a chance at a short in a few.
  • #12,705
  • May 19, 2009 11:06am May 19, 2009 11:06am
Quoting Shilva
I am thinking it is starting to turn..... seeing a chance at a short in a few.
I entered short at 5500...20 pips late as usual

tight stop for me
  • #12,706
  • May 19, 2009 11:36am May 19, 2009 11:36am
Quoting KENNETH lEE
we have broken the channel on the daily but it could just be a fakeout.. I will wait and see.. Plus 200 sma is close. Daily candle is nothing for nine more hours pullback could make a nice pin on the dailly..
I am using 3 MT4 charts from 3 different brokers, they all give different MA200 on daily candle. 2 of which already crossed, and 1 chart is getting closed to it.
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Many happy pips returned ...
  • #12,707
  • May 19, 2009 11:39am May 19, 2009 11:39am
Quoting Shilva
I entered short at 5500...20 pips late as usual

tight stop for me
Shorted at 5501, grabbed 20, locked BE+2
  • #12,708
  • May 19, 2009 11:43am May 19, 2009 11:43am
If daily candle is closing at around 15330 we will see a nice pin bar on daily . Just a thought.
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Many happy pips returned ...
  • #12,709
  • May 19, 2009 11:44am May 19, 2009 11:44am
Quoting Shilva
I entered short at 5500...20 pips late as usual

tight stop for me
I got 24 and covered.
  • #12,710
  • May 19, 2009 12:23pm May 19, 2009 12:23pm
Quoting Shilva
I got 24 and covered.
Stopped out with +5......that happens often when your entry is a little late.

Thats ok.....she may not be ready to turn yet.

Shorting again on a lower high.
  • #12,711
  • May 19, 2009 1:21pm May 19, 2009 1:21pm
Quoting m0N5Ta
I am using 3 MT4 charts from 3 different brokers, they all give different MA200 on daily candle. 2 of which already crossed, and 1 chart is getting closed to it.

Yes that is always a issue you can only do what you can do.. Some times it depends on what time they start there charts on sunday. I have mine to start at 5:00 eastern to conincide with the majority of brokers.

Originally Posted by Shilva http://www.forexfactory.com/images/buttons/viewpost.gif
I got 24 and covered.



Komissar : Shorted at 5501, grabbed 20, locked BE+2

Thats the way to go.. Making 20 pips or better when it is like this is all right.... Now to do it 2 or 3 times and snatch 60 or more pips from the tight moving thing..
Good Trading To All ; Ken Lee
  • #12,712
  • May 19, 2009 1:32pm May 19, 2009 1:32pm
Think we need to watch this ascending triangle.
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  • #12,713
  • May 19, 2009 1:34pm May 19, 2009 1:34pm
Quoting daffy
Think we need to watch this ascending triangle.

Agreed ..

http://www.chartpatterns.com/images/wbgasc.gif
http://www.chartpatterns.com/images/2asctr~1.gif The ascending triangle is a variation of the symmetrical triangle. Ascending triangles are generally considered bullish and are most reliable when found in an uptrend. The top part of the triangle appears flat, while the bottom part of the triangle has an upward slant. In ascending triangles, the market becomes overbought and prices are turned back. Buying then re-enters the market and prices soon reach their old highs, where they are once again turned back. Buying then resurfaces, although at a higher level than before. Prices eventually break through the old highs and are propelled even higher as new buying comes in. (As in the case of the symmetrical triangle, the breakout is generally accompanied by a marked increase in volume.)
Good Trading To All ; Ken Lee
  • #12,714
  • May 19, 2009 1:35pm May 19, 2009 1:35pm
Two days in a row and we have a US 60+ pip ranging session.......

HOLLA
  • #12,715
  • May 19, 2009 1:48pm May 19, 2009 1:48pm
Need to be careful on for cable shorts. The $ is showing bearishness and is testing recent daily lows.

Daily USDX on the left in the first attachment.
Daily USDLFX in the second attachment.
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  • #12,716
  • May 19, 2009 1:48pm May 19, 2009 1:48pm
Played some nice ping pong with the mistress earlier. Definitely a slow US session again.

Has EO been in today?
  • #12,717
  • May 19, 2009 1:52pm May 19, 2009 1:52pm
Quoting PippiNole
Played some nice ping pong with the mistress earlier. Definitely a slow US session again.

Has EO been in today?
Nice job Pip.......

I think EO has been busy at the office, he will probably check in later.

HOLLA
  • #12,718
  • May 19, 2009 1:54pm May 19, 2009 1:54pm
Quoting Turtle
Nice job Pip.......

I think EO has been busy at the office, he will probably check in later.

HOLLA
Thanks Turtle, did you get some snooze? I might need a little nap before the Asian session.
  • #12,719
  • May 19, 2009 1:56pm May 19, 2009 1:56pm
Quoting PippiNole
Thanks Turtle, did you get some snooze? I might need a little nap before the Asian session.

I tried, but I have old man disease.......had to go to the bathroom.

30 minutes is all I got.

HOLLA
  • #12,720
  • May 19, 2009 2:10pm May 19, 2009 2:10pm
The mistress is finally making a nice move up for me. Is anyone else on board?
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