Trade what you see NOT what you expect | Page 794 | Forex Factory

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Trade what you see NOT what you expect

  • #15,861
  • Jun 18, 2009 2:16am Jun 18, 2009 2:16am
serious sell off after the inverted hammer formation on 1hour, nice!!!

poor retail sales admittely did help it along its path!!
Trading is 80% Emotional, 20% Technical
  • #15,862
  • Jun 18, 2009 2:32am Jun 18, 2009 2:32am
Quoting Infinity
I hope I am not the only one who got the long at 6350... I already took 65 pips and covered the rest... back to bed now...
I missed the entry because I was asleep. Was your entry based on the inverted hammer?

Also, there was a pin about 2 hours later, what made you not close out and reverse there, but instead hold on for a higher price?
  • #15,863
  • Jun 18, 2009 3:09am Jun 18, 2009 3:09am
Alright people, finally getting a chance to get back in to some trading and posting after weeks of serious busy-ness at work took a long at 6247
please DON'T copy my trades I am still learning
  • #15,864
  • Jun 18, 2009 3:18am Jun 18, 2009 3:18am
Quoting ezmystic
Alright people, finally getting a chance to get back in to some trading and posting after weeks of serious busy-ness at work took a long at 6247
...and stopped out +1
please DON'T copy my trades I am still learning
  • #15,865
  • Jun 18, 2009 3:34am Jun 18, 2009 3:34am
Quoting ezmystic
...and stopped out +1
Welcome back Tom
  • #15,866
  • Jun 18, 2009 3:40am Jun 18, 2009 3:40am
Quoting davids
Welcome back Tom
alright David, it's quietened down quite a bit now so I should be able to get back to the thread.
please DON'T copy my trades I am still learning
  • #15,867
  • Jun 18, 2009 4:05am Jun 18, 2009 4:05am
Morning chaps. I must be smoking socks, but I see thi retest of the 16230 area as a fairly decent probability long. Equity futures also appear to be testing their lows and could pop. Long at 6230 for me.
Ride the Bulls bearback!
  • #15,868
  • Jun 18, 2009 4:07am Jun 18, 2009 4:07am
Quoting alcando
Morning chaps. I must be smoking socks, but I see thi retest of the 16230 area as a fairly decent probability long. Equity futures also appear to be testing their lows and could pop. Long at 6230 for me.
Morning, Al and other fellows
I took long from 6236 because of tweezers on 1H.
Grabbed 20 and locked BE.
  • #15,869
  • Jun 18, 2009 4:13am Jun 18, 2009 4:13am
Quoting alcando
Morning chaps. I must be smoking socks, but I see thi retest of the 16230 area as a fairly decent probability long. Equity futures also appear to be testing their lows and could pop. Long at 6230 for me.
I'm thinking of a long from that area too, but right now, it's at 6261, which is too high for me. I'll reconsider taking a long if we get back down to 6230, or we break 6280 resistance.
  • #15,870
  • Jun 18, 2009 4:16am Jun 18, 2009 4:16am
Nice one mate. I have banked half now for 30 as £ is very weakened today. It was a zero drawdown entry and yes, I was also watching for the H1 tweezer as well as the fact that their is a pierced but unbroken rising support in that area. S&P furture is retesting her 200day MA and she bounced hard on it yesterday so I like the confluence.

Here is another helpful article on nobrainertrades which supports our interpretation of the entry if anyone is interested.

http://www.nobrainertrades.com/2009/...r-pattern.html

Steve's assessment of S&R levels is quite well explained on the site making it quite a useful resource.


Quoting Komissar
Morning, Al and other fellows
I took long from 6236 because of tweezers on 1H.
Grabbed 20 and locked BE.
Ride the Bulls bearback!
  • #15,871
  • Jun 18, 2009 4:20am Jun 18, 2009 4:20am
Quoting alcando
Nice one mate. I have banked half now for 30 as £ is very weakened today. It was a zero drawdown entry and yes, I was also watching for the H1 tweezer as well as the fact that their is a pierced but unbroken rising support in that area. S&P furture is retesting her 200day MA and she bounced hard on it yesterday so I like the confluence.

Here is another helpful article on nobrainertrades which supports our interpretation of the entry if anyone is interested.

http://www.nobrainertrades.com/2009/...r-pattern.html

Steve's...
Al, could you please put complete link.
The one you attached does not work, and returns an error.
Thanks
  • #15,872
  • Edited 4:26am Jun 18, 2009 4:24am | Edited 4:26am
Sorry, not sure why that happened.

http://www.nobrainertrades.com/2009/...r-pattern.html

A few good article on his main site www.nobrainertrades.com

Edit: It did it again... Try the main site and click on the Over and Under link on blog posted 11 June.

Quoting Komissar
Al, could you please put complete link.
The one you attached does not work, and returns an error.
Thanks
Ride the Bulls bearback!
  • #15,873
  • Jun 18, 2009 4:25am Jun 18, 2009 4:25am
Quoting alcando
Sorry, not sure why that happened.

http://www.nobrainertrades.com/2009/...r-pattern.html

A few good article on his main site www.nobrainertrades.com
It worked for me when I clicked on it.
  • #15,874
  • Jun 18, 2009 4:30am Jun 18, 2009 4:30am
Quoting Komissar
Morning, Al and other fellows
I took long from 6236 because of tweezers on 1H.
Grabbed 20 and locked BE.
GU touched 10ma, so I reversed it. Grabbed 10, and then ws stopped out. Maybe it was too early to reverse.
  • #15,875
  • Jun 18, 2009 4:37am Jun 18, 2009 4:37am
Yes, one of my rules for a morning move is to not touch a re-entry on the trend continuation before she gets close to the H1 10ma or 1pm UK time. before that she is oversold and has a probability of going against u. Very bearish tho but support holding for now on S&P and Dow futures.

Quoting Komissar
GU touched 10ma, so I reversed it. Grabbed 10, and then ws stopped out. Maybe it was too early to reverse.
Ride the Bulls bearback!
  • #15,876
  • Jun 18, 2009 4:57am Jun 18, 2009 4:57am
I love waking up to Tp being hit and green pips. Did anyone else get the south bound last night?
  • #15,877
  • Jun 18, 2009 5:00am Jun 18, 2009 5:00am
Quoting PippiNole
I love waking up to Tp being hit and green pips. Did anyone else get the south bound last night?
My shorts from 6477 are still marching. She came within 2 pips of my SL. Problem is, I took most of the position off so I only have 1 soldier out on the field of play now.
Just digging in the trenches like everyone else!
  • #15,878
  • Jun 18, 2009 5:04am Jun 18, 2009 5:04am
Quoting eohater
My shorts from 6477 are still marching. She came within 2 pips of my SL. Problem is, I took most of the position off so I only have 1 soldier out on the field of play now.
I only have 1 soldier left fighting along side yours but a bunch were given leave at 6225.
  • #15,879
  • Jun 18, 2009 5:19am Jun 18, 2009 5:19am
Hopefully we will see some action after the employment figures are out at 13:30
  • #15,880
  • Jun 18, 2009 5:22am Jun 18, 2009 5:22am
She could stay in this nice range for the next 10 days and I'll play Wimbledon on her.
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