Trade what you see NOT what you expect | Page 722 | Forex Factory

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Trade what you see NOT what you expect

  • #14,421
  • Jun 4, 2009 1:38pm Jun 4, 2009 1:38pm
The last H1 does look like a bullish engulfing, however, I think it's demand that's caused price to travel as high as it did. The 10 EMA appears to be holding price on the hourly, and we're getting lower highs.

Also, I think I can see a descending triangle on the hourly, comprising of just the last 11 hourly candles.

I think we're going further down.
  • #14,422
  • Jun 4, 2009 1:40pm Jun 4, 2009 1:40pm
Quoting daffy

I think we're going further down.
I like the sound of that!
Hi, my name is Barry and you can keep your doctor...
  • #14,423
  • Jun 4, 2009 1:50pm Jun 4, 2009 1:50pm
Quoting daffy
The last H1 does look like a bullish engulfing, however, I think it's demand that's caused price to travel as high as it did. The 10 EMA appears to be holding price on the hourly, and we're getting lower highs.

Also, I think I can see a descending triangle on the hourly, comprising of just the last 11 hourly candles.

I think we're going further down.
You may be right the problem I have is that we have hit the 800EMA on the 15 and as a rule it will range until we get a proper breakout either up or down
  • #14,424
  • Jun 4, 2009 1:56pm Jun 4, 2009 1:56pm
Quoting eohater
I'll wait 'til my daily candle close. I can see a short on her now to the 15m 35/50. Could be a quick 35 pips to bag.
She is climbing nicely at the moment up now at 137.28
  • #14,425
  • Jun 4, 2009 1:59pm Jun 4, 2009 1:59pm
Quoting davids
She is climbing nicely at the moment up now at 137.28
Let's see if she can break 137.40.
  • #14,426
  • Jun 4, 2009 2:15pm Jun 4, 2009 2:15pm
I am thinking range now till NFP........plus news comeing out of europ at the start of session.

she usually ranges coming into non-farm on Thursday, if i recall correctly!
  • #14,427
  • Jun 4, 2009 2:20pm Jun 4, 2009 2:20pm
The shorts from around 6200 that were stopped out may turn out to be good back down to the lower tl around 6100 or so. Thinking i should of held onto mine at the moment.
  • #14,428
  • Jun 4, 2009 2:34pm Jun 4, 2009 2:34pm
Quoting Shilva
I am thinking range now till NFP........plus news comeing out of europ at the start of session.

she usually ranges coming into non-farm on Thursday, if i recall correctly!
They are are expected moderate job losses tomorrow

"We believe that a strong number will initially be dollar positive but eventually be risk positive while a weaker than expected number could actually drive the dollar higher."

http://www.fx360.com/commentary/kath...at-matter.aspx
  • #14,429
  • Jun 4, 2009 2:37pm Jun 4, 2009 2:37pm
I am out of here trade well guys may see some of you late in the Asia session, nothing seems to happen until about 3.30 am UK time
  • #14,430
  • Jun 4, 2009 2:44pm Jun 4, 2009 2:44pm
Hay cisco...this looks like that trade we were in late tuesday, i think, where we bailed out with a few on a bunch of short signals around 2pm that went against us.

cable went back up 80 or so and then has been dropping ever sence.

looks like the same setup to me.

i am thinking, if we see 6250-80 area, i will be looking for a short.

I just set the alarm.
  • #14,431
  • Jun 4, 2009 4:10pm Jun 4, 2009 4:10pm
Quoting Shilva
Hay cisco...this looks like that trade we were in late tuesday, i think, where we bailed out with a few on a bunch of short signals around 2pm that went against us.

cable went back up 80 or so and then has been dropping ever sence.

looks like the same setup to me.

i am thinking, if we see 6250-80 area, i will be looking for a short.

I just set the alarm.
I'll be looking around the M15 50 which is currently 1.6216 ATM on my chart.
Hi, my name is Barry and you can keep your doctor...
  • #14,432
  • Jun 4, 2009 6:28pm Jun 4, 2009 6:28pm
CNBC Fast Money talking head said "if u own the British Pound...get out".

Best to do the opposit most likely, now that they have said it!
  • #14,433
  • Jun 4, 2009 6:35pm Jun 4, 2009 6:35pm
Quoting Shilva

Best to do the opposit most likely, now that they have said it!
I'm long 1.6113.
Hi, my name is Barry and you can keep your doctor...
  • #14,434
  • Jun 4, 2009 6:56pm Jun 4, 2009 6:56pm
Quoting cisco
I'm long 1.6113.
It's testing my tl on the 4h for the 3rd time.....you may have a good one!!!

Good call....I will most likely be 20 pips late when i take it.
  • #14,435
  • Jun 4, 2009 6:56pm Jun 4, 2009 6:56pm
took a quick 10 of the E/J closed at the 50 ema .. I knew that hammer at 3:00 was the darn top but got out at the 10 ema.. Oh well .. That seems to be the turning time 2:30 to 3:30. Get a signal and kinda creeps whichever way till asia open.. Have to keep a eye on it.
Good Trading To All ; Ken Lee
  • #14,436
  • Jun 4, 2009 7:00pm Jun 4, 2009 7:00pm
Quoting cisco
I'm long 1.6113.
I am in at 14...u got me by one. tight stops.
  • #14,437
  • Jun 4, 2009 7:03pm Jun 4, 2009 7:03pm
Quoting Shilva
I am in at 14...u got me by one. tight stops.
Good job, bro.
Hi, my name is Barry and you can keep your doctor...
  • #14,438
  • Jun 4, 2009 7:28pm Jun 4, 2009 7:28pm
I picked that stairway to heaven riff for her and she jumped up 20...
  • #14,439
  • Jun 4, 2009 7:31pm Jun 4, 2009 7:31pm
hey whats going on everyone? i see yall are still tearing it up which is good to see, ive mostly been reading a lot and working on my trading...i have been trading a lot recently on a 30min time frame with the MA's and its been giving some good trades with EU and EY. for some reason im less jjumpy when i trade that time frame, i found for me i was closing trades to early when i used the 15, but then again i am still working on my patience

good trading to all as always
  • #14,440
  • Jun 4, 2009 7:45pm Jun 4, 2009 7:45pm
Quoting Shilva
I picked that stairway to heaven riff for her and she jumped up 20...
I saw Page and Plant live in Tampa in '98. It took several days for my hearing to return...it was worth it!

I closed the long at 1.6146 at the M15 trendline. Gonna watch the NBA finals in a few minutes.
Hi, my name is Barry and you can keep your doctor...
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