Trade what you see NOT what you expect | Page 833 | Forex Factory

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Trade what you see NOT what you expect

  • #16,641
  • Jun 29, 2009 12:30pm Jun 29, 2009 12:30pm
Getting a little bit of a pennant on the 1hr GU.
  • #16,642
  • Jun 29, 2009 12:47pm Jun 29, 2009 12:47pm
Quoting Infinity
I did not close and reverse because we closed above the h4 5/10.... I think we will be heading higher this week....
I can see the northward march, even though we've got what looks like a hanging man on the current daily.

I'm still holding long from 6250 last week and have added to it a number of times...as well as a few shorts in the secondary account.
Hi, my name is Barry and you can keep your doctor...
  • #16,643
  • Jun 29, 2009 12:53pm Jun 29, 2009 12:53pm
If you cock your head, squint your eyes and cross your left testicle over your right shoulder you'll see a prehistoric serpent. That's a very bullish pattern! :nerd:

Attached Image
Hi, my name is Barry and you can keep your doctor...
  • #16,644
  • Jun 29, 2009 12:58pm Jun 29, 2009 12:58pm
Quoting cisco
If you cock your head, squint your eyes and cross your left testicle over your right shoulder you'll see a prehistoric serpent. That's a very bullish pattern! :nerd:

I was only able to do 2 of the 3 things but I do think we are headed north.
  • #16,645
  • Jun 29, 2009 1:01pm Jun 29, 2009 1:01pm
Quoting PippiNole
I was only able to do 2 of the 3 things but I do think we are headed north.
Man...and I thought I was getting old.
Hi, my name is Barry and you can keep your doctor...
  • #16,646
  • Jun 29, 2009 1:03pm Jun 29, 2009 1:03pm
Quoting cisco
Man...and I thought I was getting old.
It was hard to cock my head to the side with my testicle over my shoulder.
  • #16,647
  • Jun 29, 2009 1:09pm Jun 29, 2009 1:09pm
Quoting PippiNole
It was hard to cock my head to the side with my testicle over my shoulder.
Ahhhhh...now I understand the problem. You were supposed to cock your head to the left.
Hi, my name is Barry and you can keep your doctor...
  • #16,648
  • Jun 29, 2009 1:32pm Jun 29, 2009 1:32pm
Quoting eohater
Back from lunch. my short on GU was closed out. I'm short again though at 6572.
Booked some profit at 6555, rest has been moved to BE.
Just digging in the trenches like everyone else!
  • #16,649
  • Jun 29, 2009 1:46pm Jun 29, 2009 1:46pm
Quoting eohater
Booked some profit at 6555, rest has been moved to BE.
Nice, good job!
  • #16,650
  • Jun 29, 2009 3:38pm Jun 29, 2009 3:38pm
Ok..... who killed the market?
Patience + Discipline - Greed = Success
  • #16,651
  • Jun 29, 2009 8:04pm Jun 29, 2009 8:04pm
bought the dip after she broke 6600 and pulled back

filled at 6595....took 20 and locked in
  • #16,652
  • Jun 29, 2009 11:04pm Jun 29, 2009 11:04pm
Quoting Shilva
bought the dip after she broke 6600 and pulled back

filled at 6595....took 20 and locked in
Good job! We could be in for one hell of a ride north. The 666x is an area I've had my eyes on for a while. She bounced when she got there, but I'm not confident in it holding long. Buying the dips at this point is the better play. We're at end of month and end of quarter and half way through the year.

Trade well! Use your SL and smart mm and lets bag some green pips.
EO
Just digging in the trenches like everyone else!
  • #16,653
  • Jun 29, 2009 11:13pm Jun 29, 2009 11:13pm
Smart money management. Do you know what your SL should be before you enter a trade? You should. Do you know what percentage you're willing to risk on a trade? You better.

A comment was made earlier about a position in which Infinity and I were going against the grain. No worries about the comment, I'm not offended nor is Infinity. We will go against the grain at the key areas. I would hope everyone saw 666x as an area where sellers would be sitting. If not, go look at any chart from h1 or above and you'll see them. If I was trading during the Asian open to now, when she broke 659x, she was going to 666x. The 15m should the level of resistance, but the penant played for the long as the pattern should once the breakout occurs. So, not to ramble about the current market, but to the fact that I would have shorted the hell out of price when she got to 6660 with a tight SL. My sl would have been for 30 pips and I would have booked profit at 30 and covered the rest. Clearly this is an against the grain trade, but the resistance was there and sellers were waiting for it, I hope some of you were on that train.
Just digging in the trenches like everyone else!
  • #16,654
  • Jun 29, 2009 11:18pm Jun 29, 2009 11:18pm
Break 666x, we go to 669x, retest 666x then climb more. The daily looks like she's ready to breakout like a greyhound. I can see 7000 and the psychological amount of sellers sitting there. We might get there very soon!

Flight control come in, are we cleared for launch?
Just digging in the trenches like everyone else!
  • #16,655
  • Edited 1:41am Jun 30, 2009 1:29am | Edited 1:41am
Quoting eohater
Break 666x, we go to 669x, retest 666x then climb more. The daily looks like she's ready to breakout like a greyhound. I can see 7000 and the psychological amount of sellers sitting there. We might get there very soon!

Flight control come in, are we cleared for launch?
I was over slept and miss the flight totally, woke up to see the price was at 16700
Many happy pips returned ...
  • #16,656
  • Jun 30, 2009 1:37am Jun 30, 2009 1:37am
Quoting m0N5Ta
I was over slept and miss the flight totally, woke up to see the price was at 17000
1.6700
Keep It Simple Stupid
  • #16,657
  • Jun 30, 2009 1:43am Jun 30, 2009 1:43am
Quoting Alastair
1.6700
that is right, typo error, my eyes still blurr.. after that shock
Many happy pips returned ...
  • #16,658
  • Jun 30, 2009 2:12am Jun 30, 2009 2:12am
Quoting m0N5Ta
I was over slept and miss the flight totally, woke up to see the price was at 16700
same here, alarm went off, i didnt have much to get up for and nodded off for another 90 mins, a precision miss!
  • #16,659
  • Jun 30, 2009 2:27am Jun 30, 2009 2:27am
Quoting BenScoobert
same here, alarm went off, i didnt have much to get up for and nodded off for another 90 mins, a precision miss!
are you going to enter on this pull back?
Keep It Simple Stupid
  • #16,660
  • Jun 30, 2009 2:32am Jun 30, 2009 2:32am
Quoting Alastair
are you going to enter on this pull back?
im unsure if we are going to bounce back a long way or dip and continue north

im biased on the north side but id rather she dip a another 20 or so before i enter
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