Trade what you see NOT what you expect | Page 705 | Forex Factory

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Trade what you see NOT what you expect

  • #14,081
  • Jun 3, 2009 9:29am Jun 3, 2009 9:29am
please tell me some one else is also short off the 10 EMA?
Keep It Simple Stupid
  • #14,082
  • Jun 3, 2009 9:32am Jun 3, 2009 9:32am
Quoting cisco
Sorry for your loss. Maybe it was too close to news time.
Thanks Bro, i think your right, need to leave time for these to play out without any news interuption.

Still, i should have covered. I'll take it as another lesson.

Next set up then.
  • #14,083
  • Jun 3, 2009 9:34am Jun 3, 2009 9:34am
Quoting Komissar
Thanks, EO
Let me re-phrase it.
Even the trend was pointed down, you assumed that 6379 will hold as support, and took the risk with long. And you consider that todays drop didn't override yesteerdays PA, right?
I'm not saying the downward move is over for the day. I think she can take it out. But buyers were sitting there waiting because of that h1 hammer I pointed out. There are now buyers sitting at the bottom of that hammer at 6329 area, so don't short it at 6329, watch how the buyers come in when and should we get there. If we should take out 6329 area, next level of buyers will be 624x area.
Just digging in the trenches like everyone else!
  • #14,084
  • Jun 3, 2009 9:36am Jun 3, 2009 9:36am
That 1 hr hangman on the E/J has been producing some nice trades wonder which way it will break ?

I don't want to say but I took 2 trades of the 10 ema GBP The first time it got close and the second touch .. But flat now.. Understand I have trouble holding for big moves.. So don't follow me.
Good Trading To All ; Ken Lee
  • #14,085
  • Jun 3, 2009 9:37am Jun 3, 2009 9:37am
Quoting Alastair
please tell me some one else is also short off the 10 EMA?
Cover yourself. We might get back to the 6485-90 area again.
Hi, my name is Barry and you can keep your doctor...
  • #14,086
  • Jun 3, 2009 9:38am Jun 3, 2009 9:38am
Hey EO did you get back in the Mistress trade?
  • #14,087
  • Jun 3, 2009 9:39am Jun 3, 2009 9:39am
Quoting Alastair
please tell me some one else is also short off the 10 EMA?
I have some marching from 6451 bro! I've taken 20 and covered though. I'm still marching 1 north from 6380 as well.
Just digging in the trenches like everyone else!
  • #14,088
  • Jun 3, 2009 9:40am Jun 3, 2009 9:40am
Quoting PippiNole
Hey EO did you get back in the Mistress trade?
Unfortunately, no! I was asleep when she took me out and I woke up to the turmoil she's in right now. Freakin bitch!
Just digging in the trenches like everyone else!
  • #14,089
  • Jun 3, 2009 9:41am Jun 3, 2009 9:41am
Quoting eohater
I'm not saying the downward move is over for the day. I think she can take it out. But buyers were sitting there waiting because of that h1 hammer I pointed out. There are now buyers sitting at the bottom of that hammer at 6329 area, so don't short it at 6329, watch how the buyers come in when and should we get there. If we should take out 6329 area, next level of buyers will be 624x area.
Thanks again. I am still learning.
Maybe because too much data to analyze, I've made some mistakes during past several days.
Anyway, 6329 is the wick point of that hammer.
I assume 6240xx is resistance on June 1 night/early morning.
If 1H will close as inverted hangman, would you consider long?
I think yes, because of that hammer from June 2.
  • #14,090
  • Jun 3, 2009 9:42am Jun 3, 2009 9:42am
Quoting cisco
Cover yourself. We might get back to the 6485-90 area again.
Very wise words! With the 200 sma sitting near there and the 21 as well.
Just digging in the trenches like everyone else!
  • #14,091
  • Jun 3, 2009 9:42am Jun 3, 2009 9:42am
Quoting eohater
Unfortunately, no! I was asleep when she took me out and I woke up to the turmoil she's in right now. Freakin bitch!
I spanked her pretty good last night, even while I was sleeping?
  • #14,092
  • Edited 9:46am Jun 3, 2009 9:46am | Edited 9:46am
Took more off my short at 6410.
Just digging in the trenches like everyone else!
  • #14,093
  • Jun 3, 2009 9:46am Jun 3, 2009 9:46am
Quoting PippiNole
I spanked her pretty good last night, even while I was sleeping?
You kinky devil, you.
Hi, my name is Barry and you can keep your doctor...
  • #14,094
  • Jun 3, 2009 9:47am Jun 3, 2009 9:47am
Quoting PippiNole
I spanked her pretty good last night, even while I was sleeping?
You go cowboy! Good job!
Just digging in the trenches like everyone else!
  • #14,095
  • Jun 3, 2009 9:49am Jun 3, 2009 9:49am
Quoting Komissar
Thanks again. I am still learning.
Maybe because too much data to analyze, I've made some mistakes during past several days.
Anyway, 6329 is the wick point of that hammer.
I assume 6240xx is resistance on June 1 night/early morning.
If 1H will close as inverted hangman, would you consider long?
I think yes, because of that hammer from June 2.
My only drawback to considering a long at the turn of the h1 is that that current h1 did take out the wick of the prior h1. That is my only hesitation. If I should take that long, I will let you know. My SL will be tight to the wick price though. Also, don't forget to drop down to the 15m chart for your entry signal. Might not be a long at the turn of the h1, but maybe after we're into it from the wick price. Notice how buyers are holding her at 638x area. Their about to give up the ghost though I believe.
Just digging in the trenches like everyone else!
  • #14,096
  • Jun 3, 2009 9:51am Jun 3, 2009 9:51am
Took more off at 6380 which closed out my long as well. I love it when I can take out my own SL
Just digging in the trenches like everyone else!
  • #14,097
  • Jun 3, 2009 9:51am Jun 3, 2009 9:51am
closed my short out.
Keep It Simple Stupid
  • #14,098
  • Jun 3, 2009 9:52am Jun 3, 2009 9:52am
Quoting KENNETH lEE
That 1 hr hangman on the E/J has been producing some nice trades wonder which way it will break ?

I don't want to say but I took 2 trades of the 10 ema GBP The first time it got close and the second touch .. But flat now.. Understand I have trouble holding for big moves.. So don't follow me.
See I warned you I am a very generous person giving money away all the time.
Good Trading To All ; Ken Lee
  • #14,099
  • Jun 3, 2009 9:52am Jun 3, 2009 9:52am
Hourly is shaping up bullish. Plus, we might get a double bottom on the m15.
Hi, my name is Barry and you can keep your doctor...
  • #14,100
  • Jun 3, 2009 9:53am Jun 3, 2009 9:53am
Quoting Alastair
closed my short out.
Good job bro! Now watch for the long. We might get matching lows here on the 15m at 6376. Be careful going against the grain though.
Just digging in the trenches like everyone else!
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