Trade what you see NOT what you expect | Page 723 | Forex Factory

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Trade what you see NOT what you expect

  • #14,441
  • Jun 4, 2009 7:54pm Jun 4, 2009 7:54pm
Hi Guys I went long as well at 1.6111 closed out at 1.6150
  • #14,442
  • Jun 4, 2009 7:55pm Jun 4, 2009 7:55pm
Quoting NwFXenthsist
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
I use the 15 to enter and then switch to the 1h if the market is trending otherwise I stay on the 15. Never traded the 30 might give it try
  • #14,443
  • Jun 4, 2009 8:02pm Jun 4, 2009 8:02pm
Hi PippiNole, cisco, KEN, Shilva

How are you guys doing

Any thoughts on EJ I see she is at the top of the 1H channel she has also struggled to get past R1 at 137.335
  • #14,444
  • Jun 4, 2009 8:13pm Jun 4, 2009 8:13pm
Quoting davids
Hi PippiNole, cisco, KEN, Shilva

How are you guys doing

Any thoughts on EJ I see she is at the top of the 1H channel she has also struggled to get past R1 at 137.335
Doing well, I took a long off the 21ema at 137.04 and have taken 20 pips and covered +2.
  • #14,445
  • Jun 4, 2009 8:21pm Jun 4, 2009 8:21pm
Quoting PippiNole
Doing well, I took a long off the 21ema at 137.04 and have taken 20 pips and covered +2.
Good Job

I am long 137.08 we need to get past 137.33 I would like to see her get to 137.98 which potentially would a good place to short her.
  • #14,446
  • Jun 4, 2009 8:22pm Jun 4, 2009 8:22pm
Quoting davids
Good Job

I am long 137.08 we need to get past 137.33 I would like to see her get to 137.98 which potentially would a good place to short her.
She is trying.
  • #14,447
  • Jun 4, 2009 8:31pm Jun 4, 2009 8:31pm
Quoting PippiNole
She is trying.
closed out everything at 137.28
  • #14,448
  • Jun 4, 2009 8:34pm Jun 4, 2009 8:34pm
Quoting davids
closed out everything at 137.28
I took most off at 137.36 and the final at 137.30.

I'm done for the night. See ya tomorrow.
  • #14,449
  • Jun 4, 2009 8:36pm Jun 4, 2009 8:36pm
I would like to see GU break 1.6100 we keep hitting the bottom of the 4H channel it does not seem to be able to break through
  • #14,450
  • Jun 4, 2009 8:42pm Jun 4, 2009 8:42pm
Quoting PippiNole
I took most off at 137.36 and the final at 137.30.

I'm done for the night. See ya tomorrow.
See you later Nice trading
  • #14,451
  • Edited 10:33pm Jun 4, 2009 10:05pm | Edited 10:33pm
Maybe worthy, I share my latest strategy to trade GU. Everyday I plot the DP level, used to plan the S/R. And is working well.

See the chart below. Look how well it works to forecast the trend in a significant amount ! Today I wait for it moves up to 1.6176 ( DP day 2) - 1.6209 ( DP day 6) to short, but I may reconsider depend on what PA I'll see ! Let see !
Attached Image (click to enlarge)
Click to Enlarge Name: 40609.gif Size: 68 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #14,452
  • Jun 5, 2009 12:31am Jun 5, 2009 12:31am
Quoting davids
I use the 15 to enter and then switch to the 1h if the market is trending otherwise I stay on the 15. Never traded the 30 might give it try

i havent traded GU with 30 time frame so using a practice account to see how it works with this pair, might be the way to go...i know you know what your doing, but i didnt want you to be under the impression that ive used it to trade GU with success
  • #14,453
  • Jun 5, 2009 1:10am Jun 5, 2009 1:10am
shorted off the 10 EMA @ 1.6102.
Keep It Simple Stupid
  • #14,454
  • Jun 5, 2009 1:44am Jun 5, 2009 1:44am
Quoting Alastair
shorted off the 10 EMA @ 1.6102.
I am such a nimrod!
i moved my s/l to +1 too soon, get stopped out and then it drops
Keep It Simple Stupid
  • #14,455
  • Jun 5, 2009 1:55am Jun 5, 2009 1:55am
I have a target around 1.57x which is previous resistance
  • #14,456
  • Jun 5, 2009 2:09am Jun 5, 2009 2:09am
0658 GMT [Dow Jones] The USD had a mixed overnight session while the pound took another hammering after UK Prime Minister Gordon Brown lost his fifth cabinet minister in as many days. UK Works and Pensions Secretary James Purnell quit late Thursday and called for the PM to do likewise. Europe finds GBP/USD just above 1.60 which means it's lost 6 cents in just 3 sessions. Elsewhere, the ECB decision to keep interest rates at 1% has lent the single currency yield support and it seems to be finding a base around 1.4150 against the greenback, while USD/JPY is firmly stuck in a 96.00-97.00 corridor. Friday's highlight will be US non-farm payrolls, seen -525K. (GST)
  • #14,457
  • Jun 5, 2009 2:14am Jun 5, 2009 2:14am
BBC News have just said Alistair Darling is keeping his job as chancellor - very much a case of keep your friends close, and your (potential) enemies closer.
  • #14,458
  • Jun 5, 2009 2:29am Jun 5, 2009 2:29am
Quoting Alastair
I am such a nimrod!
i moved my s/l to +1 too soon, get stopped out and then it drops
She gave you another chance.
  • #14,459
  • Jun 5, 2009 2:33am Jun 5, 2009 2:33am
Quoting PippiNole
She gave you another chance.
i took it!
Thanx mate!
Keep It Simple Stupid
  • #14,460
  • Jun 5, 2009 2:34am Jun 5, 2009 2:34am
Quoting Alastair
i took it!
Thanx mate!
Good job!
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