Trade what you see NOT what you expect | Page 873 | Forex Factory

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Trade what you see NOT what you expect

  • #17,441
  • Jul 7, 2009 9:24am Jul 7, 2009 9:24am
Quoting eohater
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!


Can I borrow some money?
  • #17,442
  • Jul 7, 2009 9:24am Jul 7, 2009 9:24am
Quoting deboooo2005
hello my friend

look this is my view
Thank you for sharing your view my friend! We had a nice ride on our shorts bro! I'm still holding part of my short position, finally got the 6150 TP on it, rest is covered at +25 now.
Just digging in the trenches like everyone else!
  • #17,443
  • Jul 7, 2009 9:25am Jul 7, 2009 9:25am
Quoting PippiNole
[/b]

Can I borrow some money?
Just digging in the trenches like everyone else!
  • #17,444
  • Jul 7, 2009 9:25am Jul 7, 2009 9:25am
Quoting eohater
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!
closed most at 88 here bro..stop at be.. will look to reenter lower if the opportunity presents itself..
Patience + Discipline - Greed = Success
  • #17,445
  • Jul 7, 2009 9:26am Jul 7, 2009 9:26am
Quoting Infinity
closed most at 88 here bro..stop at be.. will look to reenter lower if the opportunity presents itself..
That was my thought as well!
Just digging in the trenches like everyone else!
  • #17,446
  • Jul 7, 2009 9:28am Jul 7, 2009 9:28am
Quoting eohater
That was my thought as well!
remember the daily close yesterday.... it's still in the back of my mind... I see 6325 in a crystal ball somewhere... but it could be a rocky ride...
Patience + Discipline - Greed = Success
  • #17,447
  • Jul 7, 2009 9:29am Jul 7, 2009 9:29am
Quoting Infinity
remember the daily close yesterday.... it's still in the back of my mind... I see 6325 in a crystal ball somewhere... but it could be a rocky ride...
I can't get that close out of my mind bro! I can actually see in my crystal ball 6420
Just digging in the trenches like everyone else!
  • #17,448
  • Jul 7, 2009 9:30am Jul 7, 2009 9:30am
Quoting eohater
I can't get that close out of my mind bro! I can actually see in my crystal ball 6420
.. If this ends up being the right shoulder of an inverted shampoo.. I see that area as well...
Patience + Discipline - Greed = Success
  • #17,449
  • Jul 7, 2009 9:36am Jul 7, 2009 9:36am
Looks like she is itching to go up time will tell
  • #17,450
  • Jul 7, 2009 9:37am Jul 7, 2009 9:37am
Quoting eohater
Thank you for sharing your view my friend! We had a nice ride on our shorts bro! I'm still holding part of my short position, finally got the 6150 TP on it, rest is covered at +25 now.
about me i closed short from 1.6288 @ 1.6150 = 133 pips
and i long @ 1.6170 on london session and closed @ 1.6235 = 65 pips
  • #17,451
  • Jul 7, 2009 9:40am Jul 7, 2009 9:40am
Quoting PippiNole
[/b]

Can I borrow some money?

Rich people don't lend money or borrow money . That's why the economy is screwed...
Good Trading To All ; Ken Lee
  • #17,452
  • Jul 7, 2009 9:43am Jul 7, 2009 9:43am
Quoting deboooo2005
about me i closed short from 1.6288 @ 1.6150 = 133 pips
and i long @ 1.6170 on london session and closed @ 1.6235 = 65 pips
Excellent trading bro!
Just digging in the trenches like everyone else!
  • #17,453
  • Jul 7, 2009 9:56am Jul 7, 2009 9:56am
Quoting Infinity
.. If this ends up being the right shoulder of an inverted shampoo.. I see that area as well...
how to verify if this is right shoulder or not?
  • #17,454
  • Jul 7, 2009 10:04am Jul 7, 2009 10:04am
Quoting billye
how to verify if this is right shoulder or not?

http://www.chartpatterns.com/images/wbghas~1.gif
http://www.chartpatterns.com/images/head2t~1.gif The head and shoulders pattern is generally regarded as a reversal pattern and it is most often seen in uptrends. It is also most reliable when found in an uptrend as well. Eventually, the market begins to slow down and the forces of supply and demand are generally considered in balance. Sellers come in at the highs (left shoulder) and the downside is probed (beginning neckline.) Buyers soon return to the market and ultimately push through to new highs (head.) However, the new highs are quickly turned back and the downside is tested again (continuing neckline.) Tentative buying re-emerges and the market rallies once more, but fails to take out the previous high. (This last top is considered the right shoulder.) Buying dries up and the market tests the downside yet again. Your trendline for this pattern should be drawn from the beginning neckline to the continuing neckline. (Volume has a greater importance in the head and shoulders pattern in comparison to other patterns. Volume generally follows the price higher on the left shoulder. However, the head is formed on diminished volume indicating the buyers aren't as aggressive as they once were. And on the last rallying attempt-the left shoulder-volume is even lighter than on the head, signaling that the buyers may have exhausted themselves.) New selling comes in and previous buyers get out. The pattern is complete when the market breaks the neckline. (Volume should increase on the breakout.)

chhttp://www.chartpatterns.com/images/trspth~1.gifarts.)


The head and shoulders pattern can sometimes be inverted. The inverted head and shoulders is typically seen in downtrends. (What's noteworthy about the inverted head and shoulders is the volume aspect. The inverted left shoulder should be accompanied by an increase in volume. The inverted head should be made on lighter volume. The rally from the head however, should show greater volume than the rally from the left shoulder. Ultimately, the inverted right shoulder should register the lightest volume of all. When the market then rallies through the neckline, a big increase in volume should be seen.)
Good Trading To All ; Ken Lee
  • #17,455
  • Jul 7, 2009 10:05am Jul 7, 2009 10:05am
Quoting KENNETH lEE
http://www.chartpatterns.com/images/wbghas%7E1.gif
http://www.chartpatterns.com/images/head2t%7E1.gif [b]The head and shoulders pattern is generally regarded as a reversal pattern and it is most often seen in uptrends. It is also most reliable when found in an uptrend as well. Eventually, the market begins to slow down and the forces of supply and demand are generally considered in balance....
Nice one Ken
  • #17,456
  • Jul 7, 2009 10:26am Jul 7, 2009 10:26am
Long from 6155, SL is at 6135
Just digging in the trenches like everyone else!
  • #17,457
  • Jul 7, 2009 10:31am Jul 7, 2009 10:31am
Long @ 6147 off the flat close on the last 15m candle
Please ask questions and share your experiences with us all!
  • #17,458
  • Jul 7, 2009 10:34am Jul 7, 2009 10:34am
Quoting bkg102665
Long @ 6147 off the flat close on the last 15m candle
same here...
Patience + Discipline - Greed = Success
  • #17,459
  • Jul 7, 2009 10:34am Jul 7, 2009 10:34am
Quoting bkg102665
Long @ 6147 off the flat close on the last 15m candle

Great entry >>>>>
Good Trading To All ; Ken Lee
  • #17,460
  • Jul 7, 2009 10:35am Jul 7, 2009 10:35am
Quoting eohater
Long from 6155, SL is at 6135
Looks like the buyers are on holiday
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