Trade what you see NOT what you expect | Page 925 | Forex Factory

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Trade what you see NOT what you expect

  • #18,481
  • Jul 13, 2009 12:29pm Jul 13, 2009 12:29pm
Hi EO I have another question (maybe obvious to some).
I wonder what specifically shows you buyers were at / around the 1.6150 mark.

Would it be the 2 hourly candle tails from the 10th July or somethin else.

Thanks again

Quoting eohater
That's where I'm waiting as well! 615x will be loaded with buyers
  • #18,482
  • Jul 13, 2009 12:44pm Jul 13, 2009 12:44pm
This is slightly out of date by relevant

Mon, Jul 13 2009, 12:22 GMT
http://www.fxstreet.com
FXstreet.com (Córdoba) – Cable has risen against the Dollar in the last hour, recovering from early losses. GBP/USD is back above 1.6100 and rose to 1.6130 finding resistance at the mention zone. The pair has been rising after bottoming at 1.6030 earlier. So far today the pair is 0.45% below today’s opening price. Below intra-day low, the next support lies at 1.5980 (July 8 low) and 1.5920/40. On the upside, resistance is located at 1.6155 and 1.6230.

According to Carol Harmer, analyst at Charmer Charts.com sees 1.6040/20 as a good support, “but there is a chance that this level won’t hold it and it will come lower to the first longer term Fib level of 1.5981.” She affirms: “Here you should see buyers come in and defend with all their might. If they fails then the long term uptrend at 1.5880/60. Once more buyers are expected to come and defend. This is critical, as a break below preferably on a close basis does suggest that the uptrend is in danger and that 1.55 then 1.52 is where this is heading over the next couple of weeks.
On the positive side, If we can hold above 1.6020/1.5980 it would re-enforce the uptrend and leave cable looking at 1.6380 once more.”
  • #18,483
  • Jul 13, 2009 12:56pm Jul 13, 2009 12:56pm
Quoting eohater
Twins bro! I know you were eyeing it as well. Problem is, I acted and might bite me in the butt.
I lost my internet connection for a while there bro.... most of my longs closed out at 6220... we may range between the h1 50sma and the 62ema for a bit......
Patience + Discipline - Greed = Success
  • #18,484
  • Jul 13, 2009 1:04pm Jul 13, 2009 1:04pm
Quoting robgsxr
Hi EO I have another question (maybe obvious to some).
I wonder what specifically shows you buyers were at / around the 1.6150 mark.

Would it be the 2 hourly candle tails from the 10th July or somethin else.

Thanks again
Look at this chart and the trendline I have drawn on it. As well, it was on the other side of the h1 range we were in at the time. We broke the m15 range and h1 range at the same time. The pullback to the 15m 10 along with the trendline was the play to get back in long. Did you get the Intraday Worksheet I posted over the weekend?
Attached Image (click to enlarge)
Click to Enlarge Name: chart.PNG Size: 36 KB
Just digging in the trenches like everyone else!
  • #18,485
  • Jul 13, 2009 1:05pm Jul 13, 2009 1:05pm
Quoting Infinity
I lost my internet connection for a while there bro.... most of my longs closed out at 6220... we may range between the h1 50sma and the 62ema for a bit......
Sorry to hear about the connection bro! Most of my longs were closed out at 6220 as well. The 623x area is guarded very well with sellers. My last short got stopped. Now I away for a new opportunity for a short. You could be onto something with the ranging between the h1 50/62. We might go into the Asian Session with this range. Good pippage to be made on it though.
Just digging in the trenches like everyone else!
  • #18,486
  • Jul 13, 2009 1:11pm Jul 13, 2009 1:11pm
Quoting eohater
Sorry to hear about the connection bro! Most of my longs were closed out at 6220 as well. The 623x area is guarded very well with sellers. My last short got stopped. Now I away for a new opportunity for a short. You could be onto something with the ranging between the h1 50/62. We might go into the Asian Session with this range. Good pippage to be made on it though.
Indeed bro!....

I must say again for the record.... that is an excellent document you posted bro (intraday worksheeet)...

Anyone who does not have it... GET IT!
Patience + Discipline - Greed = Success
  • #18,487
  • Jul 13, 2009 1:18pm Jul 13, 2009 1:18pm
Quoting Infinity
Indeed bro!....

I must say again for the record.... that is an excellent document you posted bro (intraday worksheeet)...

Anyone who does not have it... GET IT!

yes I agree Thanks Eo
  • #18,488
  • Jul 13, 2009 1:23pm Jul 13, 2009 1:23pm
Nice 30 pip Gump on EJ.
  • #18,489
  • Jul 13, 2009 1:24pm Jul 13, 2009 1:24pm
My TP on GBPCHF just hit for 161 pips don't tell PippiNole
  • #18,490
  • Jul 13, 2009 1:24pm Jul 13, 2009 1:24pm
Quoting PippiNole
Nice 30 pip Gump on EJ.
will you reverse?
  • #18,491
  • Jul 13, 2009 1:26pm Jul 13, 2009 1:26pm
Quoting FOURX
will you reverse?
Not at the moment. She may be headed on up.
  • #18,492
  • Jul 13, 2009 1:28pm Jul 13, 2009 1:28pm
Quoting Infinity
Indeed bro!....

I must say again for the record.... that is an excellent document you posted bro (intraday worksheeet)...

Anyone who does not have it... GET IT!
Thanks bro!
Just digging in the trenches like everyone else!
  • #18,493
  • Jul 13, 2009 1:29pm Jul 13, 2009 1:29pm
Short again at 6225
Patience + Discipline - Greed = Success
  • #18,494
  • Jul 13, 2009 1:29pm Jul 13, 2009 1:29pm
Quoting davids
My TP on GBPCHF just hit for 161 pips don't tell PippiNole
Nice trade.
  • #18,495
  • Jul 13, 2009 1:29pm Jul 13, 2009 1:29pm
Quoting PippiNole
Not at the moment. She may be headed on up.
I have just been looking at EJ she is the daily pivot I think if it breaks here we might see 130.446 or even 130.658
  • #18,496
  • Jul 13, 2009 1:29pm Jul 13, 2009 1:29pm
Quoting Infinity
Short again at 6225
I got you on this one, 6230! Would like to see 617x.
Just digging in the trenches like everyone else!
  • #18,497
  • Jul 13, 2009 1:29pm Jul 13, 2009 1:29pm
Quoting eohater
Sorry to hear about the connection bro! Most of my longs were closed out at 6220 as well. The 623x area is guarded very well with sellers. My last short got stopped. Now I away for a new opportunity for a short. You could be onto something with the ranging between the h1 50/62. We might go into the Asian Session with this range. Good pippage to be made on it though.
Thanx for the worksheet EO, downloaded and learning...Today i was terrible at trading..always wanted to go against the trend..from 4AM GMT I was looking for the hammers on my M15 and went long, even the H1 was in massive downtrend, always stopped out. I do not know why I always feel like going against the grain..it is so stupid,and the result is loosing money...
  • #18,498
  • Jul 13, 2009 1:31pm Jul 13, 2009 1:31pm
Quoting PippiNole
Nice trade.
Thanks Bro I see you have not done to bad yourself ( don't say a word but I have long on AUDUSD which looking pretty cool)
  • #18,499
  • Jul 13, 2009 1:31pm Jul 13, 2009 1:31pm
Quoting eohater
I got you on this one, 6230! Would like to see 617x.
Good job bro!... I wasn't at the computer when it spiked up there... excellent price bro!!!
Patience + Discipline - Greed = Success
  • #18,500
  • Jul 13, 2009 1:32pm Jul 13, 2009 1:32pm
Quoting Isty
Thanx for the worksheet EO, downloaded and learning...Today i was terrible at trading..always wanted to go against the trend..from 4AM GMT I was looking for the hammers on my M15 and went long, even the H1 was in massive downtrend, always stopped out. I do not know why I always feel like going against the grain..it is so stupid,and the result is loosing money...
Don't beat yourself up over it. It's just trading. Regroup and get back in the saddle!
Just digging in the trenches like everyone else!
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