Trade what you see NOT what you expect | Page 666 | Forex Factory

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Trade what you see NOT what you expect

  • #13,301
  • May 27, 2009 7:55am May 27, 2009 7:55am
when we break this 16040 resistance we should see 1.6200...

figs at 3pm GMT to look out for any surprises like yday...
Trading is 80% Emotional, 20% Technical
  • #13,302
  • May 27, 2009 7:57am May 27, 2009 7:57am
Quoting micho
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
Glad i stuck to my guns!

Just closed now +60

Its difficult not to take your advice, your in a different league to me.

But if im going to take these set ups then i have to trade my plan.

Trusty 35/50
  • #13,303
  • May 27, 2009 8:02am May 27, 2009 8:02am
Quoting riggster
Glad i stuck to my guns!

Just closed now +60

Its difficult not to take your advice, your in a different league to me.

But if im going to take these set ups then i have to trade my plan.

Trusty 35/50
Good job!
Where was your entrance? 5970ish?
  • #13,304
  • May 27, 2009 8:05am May 27, 2009 8:05am
Quoting Komissar
Good job!
Where was your entrance? 5970ish?
Yeh mate 972
Put sl below today low 926! Not great risk reward i know, but remember infinity often putting sl below previous low.
  • #13,305
  • May 27, 2009 8:14am May 27, 2009 8:14am
Good morning friends
Hope everyone is making +++ pips..
I will set my belts for the train now.... Lets see
"Even A Thousand Mile Journey Begins with the First Step"
  • #13,306
  • May 27, 2009 8:29am May 27, 2009 8:29am
Quoting analizer
Good morning friends
Hope everyone is making +++ pips..
I will set my belts for the train now.... Lets see
Good morning, definitely positive pips here.
  • #13,307
  • May 27, 2009 8:39am May 27, 2009 8:39am
long at 6026 off the pull back from 6050! Broken resistance sparked the trade.
  • #13,308
  • May 27, 2009 8:43am May 27, 2009 8:43am
Glad to see everyone making pips.

Right now I'm on the sides waiting for the housing news at 10am. That should provide direction. :nerd:

HOLLA
  • #13,309
  • May 27, 2009 8:52am May 27, 2009 8:52am
Quoting fx local
when we break this 16040 resistance we should see 1.6200...

figs at 3pm GMT to look out for any surprises like yday...
I agree.... I think a nice target would be 639x... based on the monthly... may have to wait a bit for that one though...
Patience + Discipline - Greed = Success
  • #13,310
  • May 27, 2009 8:55am May 27, 2009 8:55am
Quoting riggster
Glad i stuck to my guns!

Just closed now +60

Its difficult not to take your advice, your in a different league to me.

But if im going to take these set ups then i have to trade my plan.

Trusty 35/50
lol i am in a different league to myself right now
When life gives you lemons, make lemonade
  • #13,311
  • May 27, 2009 9:00am May 27, 2009 9:00am
Quoting Infinity
I agree.... I think a nice target would be 639x... based on the monthly... may have to wait a bit for that one though...

That would sure be a nice target...
a) 38.2% retrace of the whole move....
b) high of the candle from Nov 2008....
c) and right below the 200sma.

HOLLA
  • #13,312
  • May 27, 2009 9:03am May 27, 2009 9:03am
There has been some nice Forrest Gump on the Mistress.
  • #13,313
  • May 27, 2009 9:46am May 27, 2009 9:46am
A repeat..
Attached Image (click to enlarge)
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Good Trading To All ; Ken Lee
  • #13,314
  • May 27, 2009 9:51am May 27, 2009 9:51am
you don't have to use a fib tool, But it is a Tool and can be used for many things. The pullback is basiclly 5/8 of the candle so a bit over 1/2 way down . and then if it is above the previous wick. Nice entry.could have entered at the open ad at the bottom when it turns. .

I see it is struggling at the 5 ema .. if you didn't enter at the fib or add on there you might substain a loss. But closing the first touch of the 10 ema is in rules at least a adjustment. We take profit at the ma's in counter trend trades.
Good Trading To All ; Ken Lee
  • #13,315
  • May 27, 2009 9:59am May 27, 2009 9:59am
3 opportunites to buy it at 50sma on 15min chart there, bounced everytime
Trading is 80% Emotional, 20% Technical
  • #13,316
  • May 27, 2009 10:00am May 27, 2009 10:00am
Went long GU @ 1.6005, took profit and covered, let's see how far she flies.

HOLLA
  • #13,317
  • May 27, 2009 10:02am May 27, 2009 10:02am
I bailed on my long from 6026 with +4.. I was against me 40 at one point....yikes.

Looking for a new bus stop now!
  • #13,318
  • May 27, 2009 10:02am May 27, 2009 10:02am
Quoting fx local
3 opportunites to buy it at 50sma on 15min chart there, bounced everytime

and a nice pin to start with.. the last two touches didn't go lower than the wick...
Good Trading To All ; Ken Lee
  • #13,319
  • May 27, 2009 10:04am May 27, 2009 10:04am
the ej bounced off the 62 ema 1 hr.
Good Trading To All ; Ken Lee
  • #13,320
  • May 27, 2009 10:05am May 27, 2009 10:05am
So many trades so few eyes :nerd:

and then if you decide to type something for get it...
Good Trading To All ; Ken Lee
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