Trade what you see NOT what you expect | Page 826 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Why did you start trading and what do you expect from it? 19 replies

How soon after you put on a trade do you expect to be "in the money"? 28 replies

How do you see trading - Do you see it as a means to an end? 12 replies

how long do you expect to trade? 10 replies

Trade What You See And Not What You Hope 0 replies

Attachments: Trade what you see NOT what you expect
Exit Attachments

Trade what you see NOT what you expect

  • #16,501
  • Jun 24, 2009 8:28am Jun 24, 2009 8:28am
bought a dip after the news at 6550.....a little early and had to hold it but taken 20 and locked at +3

how many time will the 6600 - 6650 area hold as resistance?
  • #16,502
  • Jun 24, 2009 9:42am Jun 24, 2009 9:42am
hello EO

my chart update

let us watch blue area from 1.6480 to 1.6503 will hold or not if it hold it will test high again and if it broke it will go to next blue area
Attached Image (click to enlarge)
Click to Enlarge Name: 01.gif Size: 15 KB
  • #16,503
  • Jun 24, 2009 9:48am Jun 24, 2009 9:48am
What a boring afternoon things were great this morning 122 pips on GU this morning a 75 on EJ I guess until the FOMC statement we not going to get much action.

BOE Gov King Speaks at 15:45 he always sends the pound crashing so be careful if you are in a trade
  • #16,504
  • Jun 24, 2009 9:57am Jun 24, 2009 9:57am
Quoting davids
What a boring afternoon things were great this morning 122 pips on GU this morning a 75 on EJ I guess until the FOMC statement we not going to get much action.

BOE Gov King Speaks at 15:45 he always sends the pound crashing so be careful if you are in a trade

Hi Davids,

Are you trading the european session all the time? I do, so can I ask you if I have questions? The moorning really was great, but I thought we would see the Gbp above 1,6600
  • #16,505
  • Jun 24, 2009 10:16am Jun 24, 2009 10:16am
Hey Isty if you look to the left on your 4hr chart you may see why Cable didn't break 6600 yet. Let me know what you see.
  • #16,506
  • Jun 24, 2009 10:24am Jun 24, 2009 10:24am
Quoting PippiNole
Hey Isty if you look to the left on your 4hr chart you may see why Cable didn't break 6600 yet. Let me know what you see.
Hi,

There is a strong resistance around 6600, and could not close above that.. I can not see anything else..I went long at 6485 when the H1 candle closed..
  • #16,507
  • Jun 24, 2009 10:26am Jun 24, 2009 10:26am
pippi let me know when you open a new position please, I wawnt to catch the top and/or bottom too
  • #16,508
  • Jun 24, 2009 10:28am Jun 24, 2009 10:28am
Quoting Isty
Hi,

There is a strong resistance around 6600, and could not close above that.. I can not see anything else..I went long at 6485 when the H1 candle closed..
Yes, always look for areas of prior support and resistance.
  • #16,509
  • Jun 24, 2009 10:29am Jun 24, 2009 10:29am
Quoting ezodisy
pippi let me know when you open a new position please, I wawnt to catch the top and/or bottom too
  • #16,510
  • Jun 24, 2009 10:29am Jun 24, 2009 10:29am
Quoting PippiNole
Hey Isty if you look to the left on your 4hr chart you may see why Cable didn't break 6600 yet. Let me know what you see.
Yeah pip...and i have been trying to trade into it all morning!

I am hard headed at times! No losses and took some profit but stopped out at BE way to often!

long again at 6490
  • #16,511
  • Jun 24, 2009 10:33am Jun 24, 2009 10:33am
I'm on the side at the moment and may be done until Asia. I have some appointments I have to go to in a bit.
  • #16,512
  • Jun 24, 2009 10:34am Jun 24, 2009 10:34am
Thta short from the top with no new high was a good trade then the retest of the 35 sma at the 50% fib of that last move down.then the short from the 50 ema when it closed below it. Want a chart ?
Good Trading To All ; Ken Lee
  • #16,513
  • Jun 24, 2009 10:35am Jun 24, 2009 10:35am
Quoting Shilva
Yeah pip...and i have been trying to trade into it all morning!

I am hard headed at times! No losses and took some profit but stopped out at BE way to often!

long again at 6490
Hi,

Hope to see to break 6600 today...
  • #16,514
  • Jun 24, 2009 10:38am Jun 24, 2009 10:38am
Quoting KENNETH lEE
Thta short from the top with no new high was a good trade then the retest of the 35 sma at the 50% fib of that last move down.then the short from the 50 ema when it closed below it. Want a chart ?
Could you post the chart, please...
  • #16,515
  • Jun 24, 2009 10:40am Jun 24, 2009 10:40am
if the 4h closes like it looks it will right then i doubt if 6600 will be seen today

This afternoon could be interesting with fed speak around 2pm EDT!
  • #16,516
  • Jun 24, 2009 10:41am Jun 24, 2009 10:41am
Quoting Isty
Could you post the chart, please...
Chart

Also keep in mind with the lower high then we had a lower low. This is a heads up that we might get a lower high at a fib level or ma .. TO SHORT AGAIN ALWAYS REMEMBER YOUR SWINGS.. They can tell us what might happen in the future.
Attached Image (click to enlarge)
Click to Enlarge Name: misc GBP Chart.jpg Size: 146 KB
Good Trading To All ; Ken Lee
  • #16,517
  • Jun 24, 2009 10:47am Jun 24, 2009 10:47am
Quoting KENNETH lEE
Chart

Also keep in mind with the lower high then we had a lower low. This is a heads up that we might get a lower high at a fib level or ma .. TO SHORT AGAIN ALWAYS REMEMBER YOUR SWINGS.. They can tell us what might happen in the future.
Thanks Ken, very good trade...
  • #16,518
  • Jun 24, 2009 10:50am Jun 24, 2009 10:50am
Quoting Shilva
if the 4h closes like it looks it will right then i doubt if 6600 will be seen today

This afternoon could be interesting with fed speak around 2pm EDT!
Hope the Fed speak give a push for that, and will not stop out soon...
  • #16,519
  • Jun 24, 2009 10:54am Jun 24, 2009 10:54am
Quoting Shilva
Yeah pip...and i have been trying to trade into it all morning!

I am hard headed at times! No losses and took some profit but stopped out at BE way to often!

long again at 6490
just closed this long trade +3

I give up for now!
  • #16,520
  • Jun 24, 2009 11:00am Jun 24, 2009 11:00am
Quoting Shilva
just closed this long trade +3

I give up for now!
Me too, stopped out at BE
4 traders viewing now