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Trade what you see NOT what you expect

  • #16,601
  • Jun 28, 2009 2:08pm Jun 28, 2009 2:08pm
here is the chart
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  • #16,602
  • Edited Jun 29, 2009 1:07am Jun 28, 2009 3:21pm | Edited Jun 29, 2009 1:07am
Quoting Shilva
4h chart......hope it stays right in this 400 pip range for the rest of the summer
we can all hope, even I can make a profit if she does that

have you been closing at the little reverse on each trend or holding through?
If im home when it happens ill try keeping my main going, open an opposite and try for bonus pips.

I don't know if anyone noticed but the hedged trades are still allowed with UK brokers.
  • #16,603
  • Jun 29, 2009 2:28am Jun 29, 2009 2:28am
good morning Ben, you got anything open?
Keep It Simple Stupid
  • #16,604
  • Jun 29, 2009 7:33am Jun 29, 2009 7:33am
Hi everyone,

I am in a long position and targeting 6680 on my chart.. what do you think about that guys?
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  • #16,605
  • Jun 29, 2009 7:38am Jun 29, 2009 7:38am
come on guys....post something, call a trade.....anything

I am going to go ahead and try trading into this top. Most likely will be shooting myself in the foot but i tried a short off 6550 earlier and took a 15 pip loss for the first trade of the week!

Going to take the next long setup here
  • #16,606
  • Jun 29, 2009 7:41am Jun 29, 2009 7:41am
Quoting Shilva
come on guys....post something, call a trade.....anything

I am going to go ahead and try trading into this top. Most likely will be shooting myself in the foot but i tried a short off 6550 earlier and took a 15 pip loss for the first trade of the week!

Going to take the next long setup here
i am long from 6529.
closed half for +40 earlier and the rest is @ +10 currently!
Keep It Simple Stupid
  • #16,607
  • Jun 29, 2009 7:43am Jun 29, 2009 7:43am
EO,


Since the last H1 candle closed above the resistance line so when the pull back was i got in the trade at 6560.. my stop 30pips below..as far as I see the H4 chart supporting the uptrend so we could break even 6700.. What do you think about my trade? Am I thinking this right or do you see any problems with my thought? Thanx...
  • #16,608
  • Jun 29, 2009 7:50am Jun 29, 2009 7:50am
We've broken above the tl on the daily. If she closes there we could be off to the races...Then again, it could be just a false breakout. The end of the day will be interesting.
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Hi, my name is Barry and you can keep your doctor...
  • #16,609
  • Jun 29, 2009 7:52am Jun 29, 2009 7:52am
Quoting Isty
EO,


Since the last H1 candle closed above the resistance line so when the pull back was i got in the trade at 6560.. my stop 30pips below..as far as I see the H4 chart supporting the uptrend so we could break even 6700.. What do you think about my trade? Am I thinking this right or do you see any problems with my thought? Thanx...
I was trying to get in a little lower but u may have gotten yourself a good entry! Lot of resistance between 6550 and 6650, i suspect, so I will be trading her in both directions.
  • #16,610
  • Jun 29, 2009 7:57am Jun 29, 2009 7:57am
Quoting Shilva
I was trying to get in a little lower but u may have gotten yourself a good entry! Lot of resistance between 6550 and 6650, i suspect, so I will be trading her in both directions.
HI Shilva,

I could get in at 6553 a few minutes ago,getting a better price...that is always a problem with me along with many others..I AM NOT PATIENT ENOUGH
  • #16,611
  • Jun 29, 2009 8:00am Jun 29, 2009 8:00am
Just be cautious that we dont pull a correction just ahead of NY open again. We are miles from the MA's and at the top of an obvious range and could find the short squad sneak in soon, even if it is to ultimately surge higher. I am targeting a short then long rather than the other way around. We still have the potential for a H4 tweezer here. Come fetch me girl, I wanna ride ya.

Quoting Isty
EO,


Since the last H1 candle closed above the resistance line so when the pull back was i got in the trade at 6560.. my stop 30pips below..as far as I see the H4 chart supporting the uptrend so we could break even 6700.. What do you think about my trade? Am I thinking this right or do you see any problems with my thought? Thanx...
Ride the Bulls bearback!
  • #16,612
  • Jun 29, 2009 8:06am Jun 29, 2009 8:06am
Quoting alcando
Just be cautious that we dont pull a correction just ahead of NY open again. We are miles from the MA's and at the top of an obvious range and could find the short squad sneak in soon, even if it is to ultimately surge higher. I am targeting a short then long rather than the other way around. We still have the potential for a H4 tweezer here. Come fetch me girl, I wanna ride ya.
You are right, I just stopped out....
  • #16,613
  • Jun 29, 2009 8:07am Jun 29, 2009 8:07am
long at 6536....... tight stop
  • #16,614
  • Jun 29, 2009 8:08am Jun 29, 2009 8:08am
Quoting Alastair
i am long from 6529.
closed half for +40 earlier and the rest is @ +10 currently!
stopped out..
Keep It Simple Stupid
  • #16,615
  • Jun 29, 2009 8:13am Jun 29, 2009 8:13am
Quoting Shilva
long at 6536....... tight stop
You beat me by 1 pip.

Touching triggger to kill it if....
  • #16,616
  • Jun 29, 2009 8:16am Jun 29, 2009 8:16am
Quoting alcando
Just be cautious that we dont pull a correction just ahead of NY open again. We are miles from the MA's and at the top of an obvious range and could find the short squad sneak in soon, even if it is to ultimately surge higher. I am targeting a short then long rather than the other way around. We still have the potential for a H4 tweezer here. Come fetch me girl, I wanna ride ya.
Sorry Alcando, what does the H4 tweezer mean? My english is not perfict unfortunatly...
  • #16,617
  • Jun 29, 2009 8:29am Jun 29, 2009 8:29am
Very often, the 1pm UK time H4 candle closes with a strong bull candle into a resistance area followed directly by a bear candle. Until the high is taken out it is often a good level to short from as it is a clear patter to many. We also see it a lot at the bottom of the range on the H4 in the last few days. I dedicate a standard 20 pip stop fade to a bull/bear candle into the 1pm H1/H4 close. Missed this one as there is no news and no reason to be bearish untill the NY opens down.

Quoting Isty
Sorry Alcando, what does the H4 tweezer mean? My english is not perfict unfortunatly...
Ride the Bulls bearback!
  • #16,618
  • Jun 29, 2009 8:40am Jun 29, 2009 8:40am
Did anyone get in off the 15 min 200 during Europe this morning?
  • #16,619
  • Jun 29, 2009 8:40am Jun 29, 2009 8:40am
Quoting alcando
Very often, the 1pm UK time H4 candle closes with a strong bull candle into a resistance area followed directly by a bear candle. Until the high is taken out it is often a good level to short from as it is a clear patter to many. We also see it a lot at the bottom of the range on the H4 in the last few days. I dedicate a standard 20 pip stop fade to a bull/bear candle into the 1pm H1/H4 close. Missed this one as there is no news and no reason to be bearish untill the NY opens down.
I got it, thank you
  • #16,620
  • Jun 29, 2009 8:56am Jun 29, 2009 8:56am
I missed it by 30 minutes.
Note to self... get up earlier lazy Bas****d



Quoting PippiNole
Did anyone get in off the 15 min 200 during Europe this morning?
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