Trade what you see NOT what you expect | Page 774 | Forex Factory

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Trade what you see NOT what you expect

  • #15,461
  • Jun 15, 2009 8:22am Jun 15, 2009 8:22am
Shorted at 6422....tp and locked
  • #15,462
  • Jun 15, 2009 8:23am Jun 15, 2009 8:23am
Quoting PippiNole
Made a few on the 35/50 on GU.
I took the same trade - short from 6370, and was stopped out, -20.
Negative US news pushed GU up.
  • #15,463
  • Jun 15, 2009 8:25am Jun 15, 2009 8:25am
Quoting Shilva
Shorted at 6422....tp and locked
May I ask what trigerred this trade?
  • #15,464
  • Jun 15, 2009 8:57am Jun 15, 2009 8:57am
Good afternoon slackers.

How are we all today?

anyone else short on the H1 62MA?

I did, but had to shoot out, so I placed a trailing stop, it took profit but had I been home there was much more to be had.
  • #15,465
  • Jun 15, 2009 8:57am Jun 15, 2009 8:57am
took long at 32 range support will cover min +10
Trading is 80% Emotional, 20% Technical
  • #15,466
  • Jun 15, 2009 8:58am Jun 15, 2009 8:58am
Quoting BenScoobert
Good afternoon slackers.

How are we all today?

anyone else short on the H1 62MA?

I did, but had to shoot out, so I placed a trailing stop, it took profit but had I been home there was much more to be had.

short at 21sma on 4hour was the one at 1.6433
Trading is 80% Emotional, 20% Technical
  • #15,467
  • Jun 15, 2009 9:00am Jun 15, 2009 9:00am
Quoting fx local
took long at 32 range support will cover min +10

6332? nicely done
  • #15,468
  • Jun 15, 2009 9:10am Jun 15, 2009 9:10am
We're at a critical point ladies and gentlemen. If we all look at our h4, you'll notice the last h4 close was a dblhc candle. This does support a long movement. Longs from this area should have a tight SL, 6320 area. The current working h4 has almost tested the opening price of the last h4, but not yet. I can see this taking it out, but I can also see it going back to today's opening price and maybe higher. Today's daily close will be crucial for the short brigade. I'm currently short. I've been on both sides of the old girl and she's paid me well.
Just digging in the trenches like everyone else!
  • #15,469
  • Jun 15, 2009 9:14am Jun 15, 2009 9:14am
Quoting eohater
We're at a critical point ladies and gentlemen....
can you post your H4 EO, mine is 2 hours out with yours
  • #15,470
  • Jun 15, 2009 9:15am Jun 15, 2009 9:15am
Quoting BenScoobert
6332? nicely done
yes the b@tch bounces off it like an elastic band at the moment, proper break of it will be interesting mind u
Trading is 80% Emotional, 20% Technical
  • #15,471
  • Jun 15, 2009 9:18am Jun 15, 2009 9:18am
Quoting eohater
Here's my weekly view. We still have not taken out the shooting star we were presented with at the start of last week. As well, you'll notice a blue trendline I have coming across which has not been taken out either. Until we get above last weeks high, I've still got a short bias on the weekly. The one problem I have with the shooting star is the prior candle to it was not a long full bodied candle. It was a dense candle instead. This last weekly candle, we started out short, but price was soon driven higher when we got below the shooting stars...
Great analysis bro! I see those possibilities as well.. However, I am very cautious with this pair right now as it concerns longer term views as the weekly looks quite mixed... It could be said that the prior shooting star has already played out as price did go down to 580x where buyers were waiting to pounce.... also we closed last week well above the real body of the previous candle...

The possibilities you mentioned to the downside are also very credible but based on the h4, I think that the 6240 area is the crucial area that has to be taken out for bears to gain comfortable control...
Patience + Discipline - Greed = Success
  • #15,472
  • Jun 15, 2009 9:21am Jun 15, 2009 9:21am
Quoting BenScoobert
can you post your H4 EO, mine is 2 hours out with yours
Here you go bro! The one not circled is our working h4.
Attached Image (click to enlarge)
Click to Enlarge Name: h4.PNG Size: 61 KB
Just digging in the trenches like everyone else!
  • #15,473
  • Jun 15, 2009 9:22am Jun 15, 2009 9:22am
Quoting Infinity
Great analysis bro! I see those possibilities as well.. However, I am very cautious with this pair right now as it concerns longer term views as the weekly looks quite mixed... It could be said that the prior shooting star has already played out as price did go down to 580x where buyers were waiting to pounce.... also we closed last week well above the real body of the previous candle...

The possibilities you mentioned to the downside are also very credible but based on the h4, I think that the 6240 area is the crucial area...
good stuff both infin and EO,

covered long from 32s, not having much joy today

on the sides now until it breaks down....
Trading is 80% Emotional, 20% Technical
  • #15,474
  • Jun 15, 2009 9:22am Jun 15, 2009 9:22am
Quoting eohater
We're at a critical point ladies and gentlemen. If we all look at our h4, you'll notice the last h4 close was a dblhc candle. This does support a long movement. Longs from this area should have a tight SL, 6320 area. The current working h4 has almost tested the opening price of the last h4, but not yet. I can see this taking it out, but I can also see it going back to today's opening price and maybe higher. Today's daily close will be crucial for the short brigade. I'm currently short. I've been on both sides of the old girl and she's paid me well....
Great job bro! I got three longs so far since yesterday... two of them from 633x and on from the h4 50ema... I only got one short trade so far but it closed out at the 50ema... flat now looking for another entry... long or short...
Patience + Discipline - Greed = Success
  • #15,475
  • Jun 15, 2009 9:23am Jun 15, 2009 9:23am
Quoting fx local
good stuff both infin and EO,
Great job yourself bro! I see you're getting in some nice trades there!
Patience + Discipline - Greed = Success
  • #15,476
  • Jun 15, 2009 9:24am Jun 15, 2009 9:24am
Quoting Infinity
Great analysis bro! I see those possibilities as well.. However, I am very cautious with this pair right now as it concerns longer term views as the weekly looks quite mixed... It could be said that the prior shooting star has already played out as price did go down to 580x where buyers were waiting to pounce.... also we closed last week well above the real body of the previous candle...

The possibilities you mentioned to the downside are also very credible but based on the h4, I think that the 6240 area is the crucial area that has to be taken...
Thanks bro! I agree with the 6240 area, there will be buyers sitting at the 6100 to 604x area as well.
Just digging in the trenches like everyone else!
  • #15,477
  • Jun 15, 2009 9:25am Jun 15, 2009 9:25am
Quoting eohater
Here you go bro! The one not circled is our working h4.
Good stuff bro!
Patience + Discipline - Greed = Success
  • #15,478
  • Jun 15, 2009 9:25am Jun 15, 2009 9:25am
Quoting fx local
good stuff both infin and EO,

covered long from 32s, not having much joy today

on the sides now until it breaks down....
Your doing very well today I see! Keep up the hard work!
Just digging in the trenches like everyone else!
  • #15,479
  • Jun 15, 2009 9:25am Jun 15, 2009 9:25am
Morning all.

This H1 has 'shampoo' written all over it.
Attached Image
Hi, my name is Barry and you can keep your doctor...
  • #15,480
  • Jun 15, 2009 9:26am Jun 15, 2009 9:26am
Quoting Infinity
Good stuff bro!
I was long earlier off of this, but it came back and closed me out. My damn shorts keep eating my longs and my longs keep eating my shorts. I love it!
Just digging in the trenches like everyone else!
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