Trade what you see NOT what you expect | Page 665 | Forex Factory

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Trade what you see NOT what you expect

  • #13,281
  • May 27, 2009 3:36am May 27, 2009 3:36am
ya Allah
hi dear all
hi EO
  • #13,282
  • May 27, 2009 4:27am May 27, 2009 4:27am
cable can go either ways from here...
When life gives you lemons, make lemonade
  • #13,283
  • May 27, 2009 4:29am May 27, 2009 4:29am
Quoting micho
cable can go either ways from here...
Definately!

This is where i need a second account so i can hedge this Mofo!
  • #13,284
  • May 27, 2009 4:30am May 27, 2009 4:30am
Quoting riggster
Definately!

This is where i need a second account so i can hedge this Mofo!
are you in a trade?
When life gives you lemons, make lemonade
  • #13,285
  • May 27, 2009 4:32am May 27, 2009 4:32am
Quoting micho
are you in a trade?
No mate Flat,

Took short earlier but decided against it and came out for small profit.
  • #13,286
  • May 27, 2009 4:38am May 27, 2009 4:38am
Quoting riggster
No mate Flat,

Took short earlier but decided against it and came out for small profit.
ok cool because we are in no trade zone, large retracement can happen anytime in these conditions
When life gives you lemons, make lemonade
  • #13,287
  • May 27, 2009 6:25am May 27, 2009 6:25am
Morning, fellows

Hope somebody took that short on the 1H pin.
Unfortunately, that wasn't me.
Attached Image (click to enlarge)
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  • #13,288
  • May 27, 2009 6:39am May 27, 2009 6:39am
Quoting Komissar
Morning, fellows

Hope somebody took that short on the 1H pin.
Unfortunately, that wasn't me.
Hi Bro, Maybe you can catch this 35/50 if she closes??
  • #13,289
  • May 27, 2009 6:50am May 27, 2009 6:50am
well going short here would be counter trend... so i wouldn't do it unless we establish a daily bearish candle with nice oscillators which might take few days
When life gives you lemons, make lemonade
  • #13,290
  • May 27, 2009 6:53am May 27, 2009 6:53am
Quoting micho
well going short here would be counter trend... so i wouldn't do it unless we establish a daily bearish candle with nice oscillators which might take few days
Ive gone long on the cross & reverse.
  • #13,291
  • May 27, 2009 6:56am May 27, 2009 6:56am
Quoting riggster
Ive gone long on the cross & reverse.
no sign of long yet but even if you have signal here, target is at a throw of a rock.... so you better close it
When life gives you lemons, make lemonade
  • #13,292
  • May 27, 2009 6:57am May 27, 2009 6:57am
Morning, Ken
I saw you on the forum, and I have a question.

I took long on EJ based on the hammer 15M (see chart).

My assumption was that she was rejected from 200ma, also I saw that 132.65/70 is a pretty strong support.

Could you please tell me if I was wrong, because Mistress didn't like my game? Or it's just my luck?
Thanks

While I was typing, she killed another hammer. Good for me I was busy and did not take it.

Irony is that while I was following Mistress, the Miss made a huge step.
Attached Image (click to enlarge)
Click to Enlarge Name: 15min.jpg Size: 63 KB
  • #13,293
  • May 27, 2009 7:00am May 27, 2009 7:00am
Quoting Komissar
Morning, Ken
I saw you on the forum, and I have a question.

I took long on EJ based on hte hammer 15M (see chart).

My assumption was that she was rejected from 200ma, also I saw that 132.65/70 is a pretty strong support.

Could you please tell me if I was wrong, because Mistress didn't like my game? Or it's just my luck?
Thanks

While I was typing, she killed another hammer. Good for me I was busy and did not take it.
i am not answering on behalf of kenny but i like to give my comments, a hammer alone is a weak signal, strong signal would be hammer+bullish candle, and confirmed signal would be hammer+bullish+bullish...
When life gives you lemons, make lemonade
  • #13,294
  • May 27, 2009 7:12am May 27, 2009 7:12am
GM Guys;

Cooler heads prevailed!!!

Good thing i didn't set those breakout trades i was thinking about. Slept through the alarms also.
  • #13,295
  • May 27, 2009 7:15am May 27, 2009 7:15am
probably going to 1.5986
When life gives you lemons, make lemonade
  • #13,296
  • May 27, 2009 7:28am May 27, 2009 7:28am
Quoting micho
i am not answering on behalf of kenny but i like to give my comments, a hammer alone is a weak signal, strong signal would be hammer+bullish candle, and confirmed signal would be hammer+bullish+bullish...
Thanks, Micho

On a second thought, I shouldn't take this long, because Mistress had a shampoo, and it played out perfectly!
Attached Image (click to enlarge)
Click to Enlarge Name: 15min.jpg Size: 87 KB
  • #13,297
  • Edited 7:43am May 27, 2009 7:29am | Edited 7:43am
Quoting Komissar
Morning, Ken
I saw you on the forum, and I have a question.

I took long on EJ based on the hammer 15M (see chart).

My assumption was that she was rejected from 200ma, also I saw that 132.65/70 is a pretty strong support.

Could you please tell me if I was wrong, because Mistress didn't like my game? Or it's just my luck?
Thanks

While I was typing, she killed another hammer. Good for me I was busy and did not take it.

Irony is that while I was following Mistress, the Miss made a huge step.
Yes I was playing the mistress early this morning and the better moves were on the cable.. But still got a little off them.

I have also been trying to come up with a way to determine when they will fail. I like this one though as the wick had touched and bounced off the 50 SMA 1 hour. But also it is still below all the ma's on the 15 min.

There was a inverted hangman previous to it that also failed. I am going out on a limb here. But like I said I am also looking for the reasons to reject certain signals. That maybe because where thay are formed in relation to the support / resistance line. 133.00 area being very strong. that they are both at the top at resistance having broken the support. making them both short signals.

Plus the body is completely below the prevous candle and it is a red body.. Better as has been said that the body be the color of direction you want to go.. and if it is engulfed also better closed within body of previous candle.

But once that second candle from the hammer went up and didn't make it higher than your trigger and touched the ma' should have taken a minor profit or loss and closed . If after 2 candle or even 1 full one if it's not moving in the right direction more than likely it is not going to.


Sometimes you get the move but it is so small you say you didn't .

But like MIcho said you can wait for confirmation. All though that isn't what we are doing here we want to be in before the herd.

I am no expert I am struggling more than most ... This are just my views.
Good Trading To All ; Ken Lee
  • #13,298
  • May 27, 2009 7:35am May 27, 2009 7:35am
Taken half off and covered
  • #13,299
  • May 27, 2009 7:37am May 27, 2009 7:37am
Quoting Komissar
Thanks, Micho

On a second thought, I shouldn't take this long, because Mistress had a shampoo, and it played out perfectly!

See this one is the right color and engulfed. the wick of the next candle pulled back exactlly to the 61.8% fib line of the trigger candle. and higher than the low of the candles wick previous to the trigger..
Attached Image (click to enlarge)
Click to Enlarge Name: 1a Misc EJ.JPG Size: 93 KB
Good Trading To All ; Ken Lee
  • #13,300
  • May 27, 2009 7:40am May 27, 2009 7:40am
Quoting KENNETH lEE
Yes I was playing the mistress early this morning and the better moves were on the cable.. But still got a little off them.

I have also been trying to come up with a way to determine when they will fail. I like this one though as the wick had touched and bounced off the 50 SMA 1 hour. But also it is still below all the ma's on the 15 min.

There was a inverted hangman previous to it that also failed. I am going out on a limb here. But like I said I am also looking for the reasons to reject certain signals. That maybe because where thay are formed...
Thanks, Ken.
Full explanation with all details.
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