Trade what you see NOT what you expect | Page 694 | Forex Factory

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Trade what you see NOT what you expect

  • #13,861
  • Jun 2, 2009 5:39am Jun 2, 2009 5:39am
Is it what I see or expexcting?
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  • #13,862
  • Jun 2, 2009 5:41am Jun 2, 2009 5:41am
Quoting Komissar
And it did it! Yesterdays high is broken.
I went short when it broke the high. My rationale was because the candle that broke the high, also closed below the high. Further, 6500 is a psychological level, so you'd expect lots of short pending orders to be placed there.

I see the inability to close above a recent high as weakness and good for a quick short.
  • #13,863
  • Jun 2, 2009 5:49am Jun 2, 2009 5:49am
Quoting riggster
Who knows? 16500 strong resistance...but i can see this continuing.
lets see how strong it remains throughout the day
Trading is 80% Emotional, 20% Technical
  • #13,864
  • Jun 2, 2009 5:55am Jun 2, 2009 5:55am
Quoting daffy
I went short when it broke the high. My rationale was because the candle that broke the high, also closed below the high. Further, 6500 is a psychological level, so you'd expect lots of short pending orders to be placed there.

I see the inability to close above a recent high as weakness and good for a quick short.
Good job mate, hourly double top too.

Was tempted but held back :nerd:

Took 28 off 21 bounce though.
  • #13,865
  • Jun 2, 2009 6:00am Jun 2, 2009 6:00am
Quoting riggster
Good job mate, hourly double top too.

Was tempted but held back :nerd:

Took 28 off 21 bounce though.
holding my long now, would like to see it pas 1,6500
Keep It Simple Stupid
  • #13,866
  • Jun 2, 2009 6:23am Jun 2, 2009 6:23am
Quoting Alastair
holding my long now, would like to see it pas 1,6500
Best be flexible in your bias. Take what it gives you, don't get married to an idea.

Possible shampoo on the 15m.
Hi, my name is Barry and you can keep your doctor...
  • #13,867
  • Jun 2, 2009 6:27am Jun 2, 2009 6:27am
Quoting cisco
Best be flexible in your bias. Take what it gives you, don't get married to an idea.

Possible shampoo on the 15m.
Very good point cisco. Im definatly guilty at times...get an idea and unintentionally convince myself its going to play. Then afterwards realise im chasing the market.
  • #13,868
  • Jun 2, 2009 6:30am Jun 2, 2009 6:30am
Quoting daffy
I went short when it broke the high. My rationale was because the candle that broke the high, also closed below the high. Further, 6500 is a psychological level, so you'd expect lots of short pending orders to be placed there.

I see the inability to close above a recent high as weakness and good for a quick short.
Good job! I went short at the turn of my h4 this morning 1h 30m ago. I've taken some profit, but still have runners from 6491.
Just digging in the trenches like everyone else!
  • #13,869
  • Jun 2, 2009 6:31am Jun 2, 2009 6:31am
Good morning friends
Hope all is going green
Dont forget USD news in 30 mins
"Even A Thousand Mile Journey Begins with the First Step"
  • #13,870
  • Jun 2, 2009 6:33am Jun 2, 2009 6:33am
Quoting eohater
Good job! I went short at the turn of my h4 this morning 1h 30m ago. I've taken some profit, but still have runners from 6491.
Hey, welcome back! Where you been hiding?
  • #13,871
  • Jun 2, 2009 6:35am Jun 2, 2009 6:35am
Quoting daffy
Hey, welcome back! Where you been hiding?
My office bro! It's crazy busy for me and I have to tend to my office first. I've still been trading, just taken away from being able to post on the forum like I want.
Just digging in the trenches like everyone else!
  • #13,872
  • Jun 2, 2009 6:39am Jun 2, 2009 6:39am
Quoting eohater
My office bro! It's crazy busy for me and I have to tend to my office first. I've still been trading, just taken away from being able to post on the forum like I want.
Busy means business is good Bro. Good job
  • #13,873
  • Jun 2, 2009 6:47am Jun 2, 2009 6:47am
Quoting riggster
Busy means business is good Bro. Good job
I just wonder how much of it is a fake facade with the economy and all. I'm not bitching, because I'll take the money while the money is to be had. Plus it's less money I have to take out of my trading account for my company.
Just digging in the trenches like everyone else!
  • #13,874
  • Jun 2, 2009 6:51am Jun 2, 2009 6:51am
For anyone who gives a shit, I closed a majority of my oil position yesterday for a very nice return on my investment. I still have 1/3 of my position open and I'll close half of it when (should) we hit $75, then I'll let the rest run to $100 should it go that high as well.
Just digging in the trenches like everyone else!
  • #13,875
  • Jun 2, 2009 6:51am Jun 2, 2009 6:51am
Good morning everyone.
  • #13,876
  • Jun 2, 2009 6:52am Jun 2, 2009 6:52am
Quoting eohater
Good job! I went short at the turn of my h4 this morning 1h 30m ago. I've taken some profit, but still have runners from 6491.
She needs to quit flirting with my SL!
Just digging in the trenches like everyone else!
  • #13,877
  • Jun 2, 2009 6:53am Jun 2, 2009 6:53am
Quoting eohater
For anyone who gives a shit, I closed a majority of my oil position yesterday for a very nice return on my investment. I still have 1/3 of my position open and I'll close half of it when (should) we hit $75, then I'll let the rest run to $100 should it go that high as well.
======>
Patience + Discipline - Greed = Success
  • #13,878
  • Jun 2, 2009 6:54am Jun 2, 2009 6:54am
Quoting PippiNole
Good morning everyone.
Morning Pippi!
Patience + Discipline - Greed = Success
  • #13,879
  • Jun 2, 2009 6:55am Jun 2, 2009 6:55am
Quoting Infinity
======>
Thanks bro!

How are you doing today?
Just digging in the trenches like everyone else!
  • #13,880
  • Jun 2, 2009 6:55am Jun 2, 2009 6:55am
Quoting eohater
I just wonder how much of it is a fake facade with the economy and all. I'm not bitching, because I'll take the money while the money is to be had. Plus it's less money I have to take out of my trading account for my company.
People may feel more inclined to protect themselves when the economy is gloomy
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