Trade what you see NOT what you expect | Page 872 | Forex Factory

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Trade what you see NOT what you expect

  • #17,421
  • Jul 7, 2009 7:37am Jul 7, 2009 7:37am
Quoting alcando
I dont have an indicator for it. But just noticed the pattern forming on M15 and H1 so did the math. Either way it is a bearish picture ultimately but we may still head for the target levels especially if a bank is supporting the 6240 area to not lose an option expiry.
I was thinking about that thing u posted last week and wanted some feedback on. Nobody responded so i thought i would let u know that it was not ignored!
  • #17,422
  • Jul 7, 2009 7:40am Jul 7, 2009 7:40am
Quoting eohater
Good target bro! I hope we get it. I'm eyeing 6225, 6150, then a possible reverse at the 615x area....
...Excellent!
Patience + Discipline - Greed = Success
  • #17,423
  • Jul 7, 2009 7:48am Jul 7, 2009 7:48am
Haha. Cheers mate. I just put it out there as something to add to the probabilities of a trade working It worked really well last month tho as the debt settlement on 29 June. Looks like this option level is being defended at 6240 for the H1 close. I would not be too surprised with a strong move directly after the h1 change. Not always but it has done so before. A large expiry rolls off at 16060 2moro so I would love to see us visit that level by then. Who knows...

Quoting Shilva
I was thinking about that thing u posted last week and wanted some feedback on. Nobody responded so i thought i would let u know that it was not ignored!
Ride the Bulls bearback!
  • #17,424
  • Jul 7, 2009 8:32am Jul 7, 2009 8:32am
Quoting Infinity
...Excellent!
Thanks bro! She missed my TP area of 6150 though. Still holding shorts, but not ruling out a long.
Just digging in the trenches like everyone else!
  • #17,425
  • Jul 7, 2009 8:47am Jul 7, 2009 8:47am
I've taken a long position at 6174 with a TIGHT SL.
Just digging in the trenches like everyone else!
  • #17,426
  • Jul 7, 2009 8:49am Jul 7, 2009 8:49am
Quoting eohater
I've taken a long position at 6174 with a TIGHT SL.
lool... I got in at 70 stop very tight stop below 50 here...
Patience + Discipline - Greed = Success
  • #17,427
  • Jul 7, 2009 8:53am Jul 7, 2009 8:53am
Quoting Infinity
lool... I got in at 70 stop very tight stop below 50 here...
Welcome aboard bro!
Just digging in the trenches like everyone else!
  • #17,428
  • Jul 7, 2009 9:06am Jul 7, 2009 9:06am
Quoting eohater
Welcome aboard bro!
almost took me out... within 3 pips... lets see if it will get me this time...
Patience + Discipline - Greed = Success
  • #17,429
  • Jul 7, 2009 9:10am Jul 7, 2009 9:10am
Quoting Infinity
almost took me out... within 3 pips... lets see if it will get me this time...
I was puckered myself bro! She might get us.
Just digging in the trenches like everyone else!
  • #17,430
  • Jul 7, 2009 9:10am Jul 7, 2009 9:10am
Hey guys, so 30plus pips is a tight stop?
  • #17,431
  • Jul 7, 2009 9:12am Jul 7, 2009 9:12am
EO I thought that was the regular stop.?

THANKS
  • #17,432
  • Jul 7, 2009 9:12am Jul 7, 2009 9:12am
Quoting FOURX
Hey guys, so 30plus pips is a tight stop?
what do you think?
Patience + Discipline - Greed = Success
  • #17,433
  • Jul 7, 2009 9:14am Jul 7, 2009 9:14am
Jumped on with u guys...filled at 60....hope it is cross town bus!
  • #17,434
  • Jul 7, 2009 9:15am Jul 7, 2009 9:15am
if tight stop is quoted, i would think 10-15,
  • #17,435
  • Jul 7, 2009 9:17am Jul 7, 2009 9:17am
Quoting FOURX
if tight stop is quoted, i would think 10-15,
that would be above the support area, thus not a viable stop.. "tight" is relative imo... 10-15 is good depending on the entry you get.. but you have to look at support/resistance areas too..
Patience + Discipline - Greed = Success
  • #17,436
  • Jul 7, 2009 9:18am Jul 7, 2009 9:18am
ok, thanks Infinity
  • #17,437
  • Jul 7, 2009 9:21am Jul 7, 2009 9:21am
Quoting FOURX
if tight stop is quoted, i would think 10-15,
My tight SL is usually around 30-40. You need to realize, I usually don't enter a STOP when I enter a position. Sorry for the confusion.

I've closed my position at 6180. I'm freakin rich now!
Just digging in the trenches like everyone else!
  • #17,438
  • Jul 7, 2009 9:22am Jul 7, 2009 9:22am
Afternoon all

long 1.6151 and covered I think the dow is turning around after heavy selling at the start which might help longs
  • #17,439
  • Jul 7, 2009 9:22am Jul 7, 2009 9:22am
Quoting Shilva
Jumped on with u guys...filled at 60....hope it is cross town bus!
Nice timing on that one, who needs a stop when u get a good entry and it doesn't go against u at all!......locked w/ profit
  • #17,440
  • Jul 7, 2009 9:23am Jul 7, 2009 9:23am
Quoting eohater
I've taken a long position at 6174 with a TIGHT SL.
hello my friend

look this is my view
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