Trade what you see NOT what you expect | Page 693 | Forex Factory

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Trade what you see NOT what you expect

  • #13,841
  • Jun 2, 2009 12:57am Jun 2, 2009 12:57am
took a short off the 10 EMA, lets see hoe it turns out..
Keep It Simple Stupid
  • #13,842
  • Jun 2, 2009 2:08am Jun 2, 2009 2:08am
Quoting Alastair
took a short off the 10 EMA, lets see hoe it turns out..
took 30 green ones.
Keep It Simple Stupid
  • #13,843
  • Jun 2, 2009 2:15am Jun 2, 2009 2:15am
Quoting Alastair
took 30 green ones.
Nice work bro, ive taken 67 greenies off the ma's this morning.

After missing out on so many yesterday i was determined to start pulling the trigger if the setups presented themselves....all good so far.

Hope this breaks the barrier ive had and gives me some confidence on the bounces from now on!

  • #13,844
  • Jun 2, 2009 2:17am Jun 2, 2009 2:17am
Quoting riggster
Nice work bro, ive taken 67 greenies off the ma's this morning.

After missing out on so many yesterday i was determined to start pulling the trigger if the setups presented themselves....all good so far.

Hope this breaks the barrier ive had and gives me some confidence on the bounces from now on!

nice going!!
will wait for the next one now!
Keep It Simple Stupid
  • #13,845
  • Jun 2, 2009 2:22am Jun 2, 2009 2:22am
Quoting Alastair
nice going!!
will wait for the next one now!
Its difficult to know whether to take the 5 as it comes up first or wait for the 10....OR the 21 !!

Been in drawdown a few times as it passes through the 5 and maybe 10...waiting for a bounce off the next.

I know my PA is still not up to speed...im sure the answers to the above are in the PA!
  • #13,846
  • Jun 2, 2009 2:25am Jun 2, 2009 2:25am
Quoting riggster
Its difficult to know whether to take the 5 as it comes up first or wait for the 10....OR the 21 !!

Been in drawdown a few times as it passes through the 5 and maybe 10...waiting for a bounce off the next.

I know my PA is still not up to speed...im sure the answers to the above are in the PA!
personally i dont use the 5, only the 10 and 21, 10 more often tho as i know i am on the bus. just keep my cool through the draw down.
Keep It Simple Stupid
  • #13,847
  • Jun 2, 2009 2:28am Jun 2, 2009 2:28am
Quoting Alastair
personally i dont use the 5, only the 10 and 21, 10 more often tho as i know i am on the bus. just keep my cool through the draw down.

  • #13,848
  • Jun 2, 2009 2:38am Jun 2, 2009 2:38am
Quoting Alastair
personally i dont use the 5, only the 10 and 21, 10 more often tho as i know i am on the bus. just keep my cool through the draw down.
Hey Alastair.

do you wait for close of candle on the 10 or enter on touch?

cheers
  • #13,849
  • Jun 2, 2009 2:42am Jun 2, 2009 2:42am
Quoting FOURX
Hey Alastair.

do you wait for close of candle on the 10 or enter on touch?

cheers
it is probably not the correct way but pretty much when it touches.
you will prob get a better entry if you had to wait.
ask one of the guys in here with more experince tho, they could help you better.
Keep It Simple Stupid
  • #13,850
  • Jun 2, 2009 2:46am Jun 2, 2009 2:46am
  • #13,851
  • Jun 2, 2009 3:00am Jun 2, 2009 3:00am
Quoting FOURX
Hey Alastair.

do you wait for close of candle on the 10 or enter on touch?

cheers
I posed the same question to EO a few months ago, and bounces off the 5/10 EMA in a strong trend are on touches, and not on candle closes. You're relying on the trend continuing.

Ken Lee made a good post on entering existing trends by watching pullbacks on the M1 chart. You draw a slope under/above the pullback, and enter when the slope is broken. For that specific purpose, it can work quite well.
  • #13,852
  • Jun 2, 2009 3:06am Jun 2, 2009 3:06am
cheers duck!
  • #13,853
  • Jun 2, 2009 3:16am Jun 2, 2009 3:16am
is this now a 35/50 cross reverse set up?

thanks
  • #13,854
  • Jun 2, 2009 3:27am Jun 2, 2009 3:27am
Quoting FOURX
is this now a 35/50 cross reverse set up?

thanks
Sure is Bro, ive taken 20 and covered.
  • #13,855
  • Jun 2, 2009 3:35am Jun 2, 2009 3:35am
im confused!
have a short and not sure to close it or not.
Keep It Simple Stupid
  • #13,856
  • Jun 2, 2009 3:57am Jun 2, 2009 3:57am
Quoting Alastair
im confused!
have a short and not sure to close it or not.
Yeh Bro, the last hourly close had me thinking we could be lookin at the highs again.

Got stopped out on the 35/50 but had bagged 20 in time.
  • #13,857
  • Jun 2, 2009 4:43am Jun 2, 2009 4:43am
what if we break yesterdays high?
Keep It Simple Stupid
  • #13,858
  • Jun 2, 2009 4:58am Jun 2, 2009 4:58am
Quoting Alastair
what if we break yesterdays high?
Then we will see 6550 (200sma) on monthly!

HOLLA
  • #13,859
  • Jun 2, 2009 4:58am Jun 2, 2009 4:58am
Quoting Alastair
what if we break yesterdays high?
And it did it! Yesterdays high is broken.
  • #13,860
  • Jun 2, 2009 5:00am Jun 2, 2009 5:00am
Quoting Alastair
what if we break yesterdays high?
Who knows? 16500 strong resistance...but i can see this continuing.
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