Trade what you see NOT what you expect | Page 672 | Forex Factory

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Trade what you see NOT what you expect

  • #13,421
  • May 27, 2009 8:04pm May 27, 2009 8:04pm
Quoting PippiNole
EJ made a 61% retrace of todays move.
now we see if it holds..
Good Trading To All ; Ken Lee
  • #13,422
  • May 27, 2009 8:05pm May 27, 2009 8:05pm
Possible inverted shampoo on the 1hr. EJ.
  • #13,423
  • May 27, 2009 8:19pm May 27, 2009 8:19pm
I'm done for the night guys. Have a good one and I'll see ya tomorrow.
  • #13,424
  • May 27, 2009 8:23pm May 27, 2009 8:23pm
Quoting PippiNole
I'm done for the night guys. Have a good one and I'll see ya tomorrow.

see you good night,,
Good Trading To All ; Ken Lee
  • #13,425
  • May 27, 2009 9:30pm May 27, 2009 9:30pm
well this one is a test against my logic but the charts are telling me we should see 1.6022 before any further down move... risky trade, im not going to take it this time.

am i right? am i wrong? lets see what is gonna happen in the next hours
When life gives you lemons, make lemonade
  • #13,426
  • May 27, 2009 9:41pm May 27, 2009 9:41pm
if anybody took it just by chance put a tight stop loss 10 pips or 15...
When life gives you lemons, make lemonade
  • #13,427
  • May 27, 2009 10:03pm May 27, 2009 10:03pm
Quoting micho
well this one is a test against my logic but the charts are telling me we should see 1.6022 before any further down move... risky trade, im not going to take it this time.

am i right? am i wrong? lets see what is gonna happen in the next hours
15950 is very closed to H1 50SMA (Same as M15 200SMA) and 62EMA, we will see if it is rebouncing or passing through. The yesterday daily candle showing a big pin bar, I personally think it would pass though instead of rebounce ...
Many happy pips returned ...
  • #13,428
  • May 27, 2009 10:12pm May 27, 2009 10:12pm
Quoting m0N5Ta
15950 is very closed to H1 50SMA (Same as M15 200SMA) and 62EMA, we will see if it is rebouncing or passing through. The yesterday daily candle showing a big pin bar, I personally think it would pass though instead of rebounce ...
well since price went against me, target will get lower to allow me to get out of it... but hey i didnt take the trade...
When life gives you lemons, make lemonade
  • #13,429
  • May 27, 2009 10:13pm May 27, 2009 10:13pm
Quoting m0N5Ta
15950 is very closed to H1 50SMA (Same as M15 200SMA) and 62EMA, we will see if it is rebouncing or passing through. The yesterday daily candle showing a big pin bar, I personally think it would pass though instead of rebounce ...
It passed yesterday's low and seem like continued south, is it time for retracement yet?
Many happy pips returned ...
  • #13,430
  • May 27, 2009 10:17pm May 27, 2009 10:17pm
Quoting micho
well since price went against me, target will get lower to allow me to get out of it... but hey i didnt take the trade...
I am on demo anyway, pocketed 50 pips so far, let see how many pips it will give me on this trade
Many happy pips returned ...
  • #13,431
  • May 27, 2009 10:21pm May 27, 2009 10:21pm
Quoting m0N5Ta
15950 is very closed to H1 50SMA (Same as M15 200SMA) and 62EMA, we will see if it is rebouncing or passing through. The yesterday daily candle showing a big pin bar, I personally think it would pass though instead of rebounce ...
well since price went against me, target will get lower to allow me to get out of it... but hey i didnt take the trade...
When life gives you lemons, make lemonade
  • #13,432
  • May 28, 2009 12:41am May 28, 2009 12:41am
should retrace to 1.5969
When life gives you lemons, make lemonade
  • #13,433
  • May 28, 2009 1:58am May 28, 2009 1:58am
1.5965
When life gives you lemons, make lemonade
  • #13,434
  • May 28, 2009 2:02am May 28, 2009 2:02am
Ok....
I took the 62ema trade at 5930 but I just closed it for a 20 pip loss.... We touched the weekly 50ema and retreated, so it may be retracement time.. We could be heading toward 5500 again before we break any higher...
Attached Image (click to enlarge)
Click to Enlarge Name: week.gif Size: 31 KB
Patience + Discipline - Greed = Success
  • #13,435
  • Edited 2:10am May 28, 2009 2:09am | Edited 2:10am
Quoting Infinity
Ok....
I took the 62ema trade at 5930 but I just closed it for a 20 pip loss.... We touched the weekly 50ema and retreated, so it may be retracement time.. We could be heading toward 5500 again before we break any higher...
hey man

i dont agree with retracement time... we still have time for that
i have a buy at 1.5912 now target 1.5933... err will it be my first loss since 25 trades?
When life gives you lemons, make lemonade
  • #13,436
  • May 28, 2009 2:10am May 28, 2009 2:10am
Quoting micho
hey man

i dont agree with retracement time... we still have time for that
i have a buy at 1.5912 now target 1.5963... err will it be my first loss since 25 trades?
what is your stop? That was my first loss in a while too but I didn't hesitate to take it....
Patience + Discipline - Greed = Success
  • #13,437
  • May 28, 2009 2:13am May 28, 2009 2:13am
Quoting Infinity
what is your stop? That was my first loss in a while too but I didn't hesitate to take it....
i dont have a stop loss, just a target that goes down and it hits 100% of the times for + or -
When life gives you lemons, make lemonade
  • #13,438
  • May 28, 2009 2:14am May 28, 2009 2:14am
ok... back to bed for me...
Patience + Discipline - Greed = Success
  • #13,439
  • May 28, 2009 2:15am May 28, 2009 2:15am
Quoting Infinity
ok... back to bed for me...
hope you have green dreams
When life gives you lemons, make lemonade
  • #13,440
  • Edited 2:25am May 28, 2009 2:20am | Edited 2:25am
Quoting micho
i dont have a stop loss, just a target that goes down and it hits 100% of the times for + or -
I hear you man! But be careful trading without stops.... even if it is not automated in the platform, I always have a stop loss in place, whether it be mental or with order. Don't get married to your trade bro!

I already regained my loss + more as I went short at 5890.. I closed most and covered already....

Back to bed for me....
Patience + Discipline - Greed = Success
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