Trade what you see NOT what you expect | Page 935 | Forex Factory

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Trade what you see NOT what you expect

  • #18,681
  • Jul 14, 2009 8:41am Jul 14, 2009 8:41am
Quoting Infinity
careful though people... we could also end up with a hanging man on the h4.... I would be cautious if we got it but I wouldn't close and reverse because of it...

Isty, check out your chart now..
Exactly!
Just digging in the trenches like everyone else!
  • #18,682
  • Jul 14, 2009 8:41am Jul 14, 2009 8:41am
Quoting Infinity
careful though people... we could also end up with a hanging man on the h4.... I would be cautious if we got it but I wouldn't close and reverse because of it...

Isty, check out your chart now..
yes it is just tested back that TL... but from where did you see guys that 6260 support on the H1?
  • #18,683
  • Jul 14, 2009 8:43am Jul 14, 2009 8:43am
Quoting Isty
yes it is just tested back that TL... but from where did you see guys that 6260 support on the H1?
Here it is on the h1. You can also see the flat top on the m15.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.PNG Size: 61 KB
Just digging in the trenches like everyone else!
  • #18,684
  • Jul 14, 2009 8:44am Jul 14, 2009 8:44am
Quoting Isty
yes it is just tested back that TL... but from where did you see guys that 6260 support on the H1?
here you go.. the area was actually 56-57..
Attached Image
Patience + Discipline - Greed = Success
  • #18,685
  • Jul 14, 2009 8:47am Jul 14, 2009 8:47am
Quoting eohater
Here it is on the h1. You can also see the flat top on the m15.
Thanks EO and Infinity for posting an answer and charts.
  • #18,686
  • Jul 14, 2009 8:49am Jul 14, 2009 8:49am
Thanx, i learnt something again...
  • #18,687
  • Jul 14, 2009 8:50am Jul 14, 2009 8:50am
Quoting Infinity
here you go.. the area was actually 56-57..
There is something else that I will point out in this chart... I don't rely heavily on it but there is hidden bullish divergence there... Note the lower high on the chart and lower low on the oscillator (stochastic)
Attached Image
Patience + Discipline - Greed = Success
  • #18,688
  • Jul 14, 2009 8:52am Jul 14, 2009 8:52am
WE are stuck just under R1 at 1.6311
  • #18,689
  • Jul 14, 2009 9:00am Jul 14, 2009 9:00am
Quoting eohater
What would everyone say if we closed this h4 in 34m above 6327?
Damn close!
Just digging in the trenches like everyone else!
  • #18,690
  • Jul 14, 2009 9:02am Jul 14, 2009 9:02am
Quoting eohater
Damn close!

well, down we go?
Forex Trading Advisors
  • #18,691
  • Jul 14, 2009 9:03am Jul 14, 2009 9:03am
Quoting eohater
Damn close!
We got the hanging man instead.... but it does show a bounce off the h4 tl and 5/10 ema... H1 supports long but 634x may hold it for now...
Patience + Discipline - Greed = Success
  • #18,692
  • Jul 14, 2009 9:07am Jul 14, 2009 9:07am
Quoting Infinity
We got the hanging man instead.... but it does show a bounce off the h4 tl and 5/10 ema... H1 supports long but 634x may hold it for now...

hanging man, with a slight wick?
Forex Trading Advisors
  • #18,693
  • Jul 14, 2009 9:08am Jul 14, 2009 9:08am
Quoting Infinity
We got the hanging man instead.... but it does show a bounce off the h4 tl and 5/10 ema... H1 supports long but 634x may hold it for now...
I agree, but I'm still holding my long position though. Gonna grab some lunch, be back in about an hour.
Just digging in the trenches like everyone else!
  • #18,694
  • Jul 14, 2009 9:10am Jul 14, 2009 9:10am
Quoting eohater
I agree, but I'm still holding my long position though. Gonna grab some lunch, be back in about an hour.
Me too bro!
Patience + Discipline - Greed = Success
  • #18,695
  • Jul 14, 2009 9:18am Jul 14, 2009 9:18am
Gotta go early tonight see you guys tomorrow.

trade well
  • #18,696
  • Jul 14, 2009 9:38am Jul 14, 2009 9:38am
It will be interesting if this day closs below the 35sma. We need to break out of either the day 50 ma or the day 35 ma on the opposite side.


I'm playing the 4hr hanging man down, I don't know if it will be a scalp or more.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-day.gif Size: 25 KB
  • #18,697
  • Jul 14, 2009 10:15am Jul 14, 2009 10:15am
This is one screwed up day of trading.......I don't know wether to wind my ass or scratch my watch!!
Please ask questions and share your experiences with us all!
  • #18,698
  • Jul 14, 2009 10:20am Jul 14, 2009 10:20am
Quoting bkg102665
This is one screwed up day of trading.......I don't know wether to wind my ass or scratch my watch!!

This is trading from 2 years ago if you could get 1 good 50 pip run per session you were doing good.
Good Trading To All ; Ken Lee
  • #18,699
  • Jul 14, 2009 10:22am Jul 14, 2009 10:22am
Quoting bkg102665
This is one screwed up day of trading.......I don't know wether to wind my ass or scratch my watch!!

I thought we would see BIG moves today, because of the economic reports for from both regions................ today's range however, was only about 120 pips. The day is not done, though.
Forex Trading Advisors
  • #18,700
  • Jul 14, 2009 10:49am Jul 14, 2009 10:49am
it seems 6260 holds it so i went long at 6270...
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