Trade what you see NOT what you expect | Page 827 | Forex Factory

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Trade what you see NOT what you expect

  • #16,521
  • Jun 24, 2009 11:03am Jun 24, 2009 11:03am
That must be my cue to go long then... Every time I give up lately... hola! she sprints away without me....

an - friggin-noying...


Interesting that cable and €$ are hovering on their pivots and $index camping on the 80 level...

Quoting Shilva
just closed this long trade +3

I give up for now!
Ride the Bulls bearback!
  • #16,522
  • Jun 24, 2009 11:05am Jun 24, 2009 11:05am
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!
For what it's worth, attached is my 4h. I saw bearish engulfing but have been standing aside with the news out this afternoon.

As has been mentioned elsewhere, I think my charts might be out of step with others. The last candle shown on my chart opened at 4pm (BST) so is one hour old.

(P.S - I have no idea if this attachment will come out. My first attempt )
Attached Image
  • #16,523
  • Jun 24, 2009 11:08am Jun 24, 2009 11:08am
Quoting macc
For what it's worth, attached is my 4h. I saw bearish engulfing but have been standing aside with the news out this afternoon.

As has been mentioned elsewhere, I think my charts might be out of step with others. The last candle shown on my chart opened at 4pm (BST) so is one hour old.

(P.S - I have no idea if this attachment will come out. My first attempt )

great chart... My 4hr been bearish all day as well . And you can see by the chart I posted short trades have been working out.. But I will wait for the FOMC news at 2:15 eastern now .
Attached Image (click to enlarge)
Click to Enlarge Name: misc 4hr GBP Chart.jpg Size: 156 KB
Good Trading To All ; Ken Lee
  • #16,524
  • Jun 24, 2009 11:11am Jun 24, 2009 11:11am
Quoting KENNETH lEE
great chart... My 4hr been bearish all day as well . And you can see by the chart I posted short trades have been working out.. But I will wait for the FOMC news at 2:15 eastern now .
Hope you grabbed the trades you posted Ken. Nice
  • #16,525
  • Jun 24, 2009 11:14am Jun 24, 2009 11:14am
Quoting macc
Hope you grabbed the trades you posted Ken. Nice

Actually took all three, BUT being the snatcher I am I grabbed a few and left the bulk for you.
Good Trading To All ; Ken Lee
  • #16,526
  • Jun 24, 2009 11:17am Jun 24, 2009 11:17am
Quoting KENNETH lEE
Actually took all three, BUT being the snatcher I am I grabbed a few and left the bulk for you.
Green is green

Anyway, it's more likely that Pippi picked up the left-overs
  • #16,527
  • Jun 24, 2009 11:38am Jun 24, 2009 11:38am
Quoting macc
Green is green

Anyway, it's more likely that Pippi picked up the left-overs
I would have but my super sized Government Motors Corp. truck is pretty full.
  • #16,528
  • Jun 24, 2009 12:11pm Jun 24, 2009 12:11pm
Quoting PippiNole
I would have but my super sized Government Motors Corp. truck is pretty full.
You'll have to do what I did. I've had the armored car company make three pickups a day for me. That way I can stay home and trade!
Hi, my name is Barry and you can keep your doctor...
  • #16,529
  • Jun 24, 2009 12:32pm Jun 24, 2009 12:32pm
Quoting Isty
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
Sorry for the late reply had to go out and left my username logged in I will try to help you in what ever way I can, I don't profess to know everthing and am still learning, I don't think one ever stops learning.
  • #16,530
  • Jun 24, 2009 12:41pm Jun 24, 2009 12:41pm
Hi Ben

Cheers for the email I will reply sometime tomorrow
  • #16,531
  • Jun 24, 2009 12:43pm Jun 24, 2009 12:43pm
Hello Alan

Do you have any thoughts as to where cable is going?
  • #16,532
  • Jun 24, 2009 12:49pm Jun 24, 2009 12:49pm
This just landed in my inbox


Our original strategy was : Bought at 1.6275, met target: at 1.6400 with 125 points profit
New strategy is : Target met and buy again at 1.6430, Target: 1.6600, Stop: 1.6370
The British pound found good buying interest right below our indicated long entry level at 1.6275 and rallied from there together with euro on dollar's decline across the board and easily met our upside target at 1.6400 (made 125 points profit). As price is still trading with a firm bias, gain to 1.6562 is likely, then towards key resistance at 1.6622, however above there is necessary to confirm an upside break of recent trading band has taken place for a retest of 1.6664 top.
  • #16,533
  • Jun 24, 2009 12:58pm Jun 24, 2009 12:58pm
Hello David

Bro if I knew that, I would not have been fighting the short this afternoon. I noticed their has been some horrid effects on the pairs with the bloody Swiss intervention strengthening the dollar today. Have a look at the 300 pip candles in the Swissy and EurCHF. Barstewards! If only we were tipped off...

Also these record size debt auctions have met with the highest demand since the recession began. That must be dollar positive. Fed will either say something stupid to bring fear into the market sending equities to shreds, strengthening their case and demand for debt. I think I will just be on the sidelines with my jaw hanging wide and fading the move after 30 min again.

I see the rest of the troops have played safe and sidestepped this today...

Quoting davids
Hello Alan

Do you have any thoughts as to where cable is going?
Ride the Bulls bearback!
  • #16,534
  • Jun 24, 2009 12:58pm Jun 24, 2009 12:58pm
Look back to the 12th June, 62MA pass on H1, identical pattern to today
  • #16,535
  • Jun 24, 2009 1:00pm Jun 24, 2009 1:00pm
Quoting davids
Hi Ben

Cheers for the email I will reply sometime tomorrow
Cheers, making use of your skills ;-)
check the links i sent u too
  • #16,536
  • Jun 24, 2009 1:18pm Jun 24, 2009 1:18pm
Alpari just jumped to 20 pip spread, almost toook me out, is that the int rate announcement?

EDIT: So it is, I should be more careful.
  • #16,537
  • Jun 24, 2009 1:22pm Jun 24, 2009 1:22pm
Quoting BenScoobert
Alpari just jumped to 20 pip spread, almost toook me out, is that the int rate announcement?

EDIT: So it is, I should be more careful.
Got to be FOMC, market has been jittery all day because of it, on the plus side, at least tomorrow will be a more normal trading day.
  • #16,538
  • Jun 24, 2009 1:42pm Jun 24, 2009 1:42pm
Sounds to me that the Fed statement will keep us in a range for the rest of the summer. Good...every trade will be a winner!

I could only catch the longs today...tried 3 with what seemed to be a great entry and only took small profit on them before being stopped out!

Missed the short trade of the day right before start of NY session which would of been good for 400!

I guess no losers is ok.......in the past I would of been killed on a day like this.

Congrats to any who shorted off 6600 early and held it!
  • #16,539
  • Jun 24, 2009 1:43pm Jun 24, 2009 1:43pm
Quoting Shilva
Sounds to me that the Fed statement will keep us in a range for the rest of the summer. Good...every trade will be a winner!

I could only catch the longs today...tried 3 with what seemed to be a great entry and only took small profit on them before being stopped out!

Missed the short trade of the day right before start of NY session which would of been good for 400!

I guess no losers is ok.......in the past I would of been killed on a day like this.

Congrats to any who shorted off 6600 early and held it!
not 400....200
  • #16,540
  • Jun 24, 2009 2:03pm Jun 24, 2009 2:03pm
gonna stick my neck out, 6330 touch before the H1 closes
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