Trade what you see NOT what you expect | Page 959 | Forex Factory

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Trade what you see NOT what you expect

  • #19,161
  • Jul 17, 2009 9:21am Jul 17, 2009 9:21am
Quoting eohater
He has a full time job that pulls him from being able to intraday trade the way he would like. He's doing well, working on higher TF trades.
cool, good luck to him. I remember his posts from a couple months back and was hoping he hadn't had an accident of some sort (in Forex or otherwise).
'The past will always show us the future'
  • #19,162
  • Jul 17, 2009 9:22am Jul 17, 2009 9:22am
Quoting eohater
If anyone took a new short position from 6352, I recommend you atleast cover at BE. The last h1 closed bullish, DeBoooo's h4 has bullish intent behind it. We're over the h1 10, could be a bounce from 632x - 6300 and continue the play northbound. Anything is possible. No clear direction for intraday atm. Protect you positions.
main time 1.6309 is important if doesnt hold it will test the support again
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  • #19,163
  • Jul 17, 2009 9:27am Jul 17, 2009 9:27am
Quoting deboooo2005
main time 1.6309 is important if doesnt hold it will test the support again
Good eye! I would concur with you there! I grabbed a long seat at 6328 and I've booked 15 and covered BE on that position as well.
Just digging in the trenches like everyone else!
  • #19,164
  • Jul 17, 2009 9:40am Jul 17, 2009 9:40am
hi everyone .

EO could you explain red dotted entry was good (15Min Candle close 35SMA gone down 35 pip and enter at retrasment near 21EMA) or better wait blue dotted entries? Or entry at 21EMA.. take SL. and then reenter at 50SMA?
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  • #19,165
  • Jul 17, 2009 9:41am Jul 17, 2009 9:41am
Shorts are still open, my remaining quick long position was just closed out at BE. Shorts are covered green.
Just digging in the trenches like everyone else!
  • #19,166
  • Jul 17, 2009 9:42am Jul 17, 2009 9:42am
looks like a bull flag on lower tfs, no?
'The past will always show us the future'
  • #19,167
  • Jul 17, 2009 9:43am Jul 17, 2009 9:43am
Quoting InDjaLV
hi everyone .

EO could you explain red dotted entry was good (15Min Candle close 35SMA gone down 35 pip and enter at retrasment near 21EMA) or better wait blue dotted entries? Or entry at 21EMA.. take SL. and then reenter at 50SMA?
This is where you need to keep you eye on the HTF charts. The two spikes were evident on the h1 and h4 charts to happen. I went long upto the 2nd spike last night/early am London time. Grabbed some nice pippage and covered on the rest. Always remember to look at your HTF.
Just digging in the trenches like everyone else!
  • #19,168
  • Jul 17, 2009 9:47am Jul 17, 2009 9:47am
thank you EO..
  • #19,169
  • Jul 17, 2009 9:53am Jul 17, 2009 9:53am
Quoting InDjaLV
thank you EO..
No worries! I was talking with Turtle this morning, I hadn't looked at charts since 4am (EST), price was at 6280 when we were talking. I told him I wouldn't be surprised to see 634x-636x this morning. She did exactly that, and has resumed her decent. If you use your worksheet and keep your levels, you'll see that once they break, they go back and test and continue on, that's exactly what happened on the two spikes you posted on your m15.
Just digging in the trenches like everyone else!
  • #19,170
  • Jul 17, 2009 9:58am Jul 17, 2009 9:58am
I wasn't here for it but just have to mention that nearly perfecrt short entry at the 1.6360 area.. 62 ema 1 hr the 61.8 Fib level and a retest of yesterdays low what more could you ask for. Plus some S/R on the 4 hr..
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Good Trading To All ; Ken Lee
  • #19,171
  • Jul 17, 2009 10:02am Jul 17, 2009 10:02am
Quoting KENNETH lEE
I wasn't here for it but just have to mention that nearly perfecrt short entry at the 1.6360 area.. 62 ema 1 hr the 61.8 Fib level and a retest of yesterdays low what more could you ask for. Plus some S/R on the 4 hr..

So that would be a 62/62 better than the 50/50....
Good Trading To All ; Ken Lee
  • #19,172
  • Jul 17, 2009 10:08am Jul 17, 2009 10:08am
Ok EO . Now Iam reread worksheet. How You define S/R levels for the next day?
  • #19,173
  • Jul 17, 2009 10:18am Jul 17, 2009 10:18am
Quoting InDjaLV
Ok EO . Now Iam reread worksheet. How You define S/R levels for the next day?
WOW! I'm not able to answer that with a quick answer and honestly, I'm not sure I could explain it in a comprehendable form. Start with you HTF S/R levels and work down. The worksheet will help you then define the range of S/R and plays from there. Prime example is Deboooo and his charts where he shows bands of S/R. These bands are essentially old ranges that became break outs.
Just digging in the trenches like everyone else!
  • #19,174
  • Jul 17, 2009 10:19am Jul 17, 2009 10:19am
Quoting FOURX
Hey mate

any chance of showing a chart , with the 15min channl entry?

thanks
I got stopped out of the first one see post 19140

here is that chart you wanted
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  • #19,175
  • Jul 17, 2009 10:20am Jul 17, 2009 10:20am
Quoting eohater
No worries! I was talking with Turtle this morning, I hadn't looked at charts since 4am (EST), price was at 6280 when we were talking. I told him I wouldn't be surprised to see 634x-636x this morning. She did exactly that, and has resumed her decent. If you use your worksheet and keep your levels, you'll see that once they break, they go back and test and continue on, that's exactly what happened on the two spikes you posted on your m15.
You did call it bro......

Figure some bulls were pissed when they saw the levels this morning.

Great entry for all those who took it....

Still short from 6453 and covered.

Yard work time.....

HOLLA
  • #19,176
  • Jul 17, 2009 10:21am Jul 17, 2009 10:21am
Quoting Turtle
You did call it bro......

Figure some bulls were pissed when they saw the levels this morning.

Great entry for all those who took it....

Still short from 6453 and covered.

Yard work time.....

HOLLA

Great Trading...
Good Trading To All ; Ken Lee
  • #19,177
  • Jul 17, 2009 10:22am Jul 17, 2009 10:22am
Quoting eohater
WOW! I'm not able to answer that with a quick answer and honestly, I'm not sure I could explain it in a comprehendable form. Start with you HTF S/R levels and work down. The worksheet will help you then define the range of S/R and plays from there. Prime example is Deboooo and his charts where he shows bands of S/R. These bands are essentially old ranges that became break outs.
Does anyone have a recommendation on some reading on S/R to help those to be able to define them. Mine is from chart time, no book.
Just digging in the trenches like everyone else!
  • #19,178
  • Jul 17, 2009 10:23am Jul 17, 2009 10:23am
Quoting Turtle
You did call it bro......

Figure some bulls were pissed when they saw the levels this morning.

Great entry for all those who took it....

Still short from 6453 and covered.

Yard work time.....

HOLLA
Hey bro! Don't work too hard in the yard. We'll hook up later.
Just digging in the trenches like everyone else!
  • #19,179
  • Jul 17, 2009 10:23am Jul 17, 2009 10:23am
I use Daily fibo points and also look at HIs and Lows at HTF. Need some screen time.
Thanks for quick answer
  • #19,180
  • Jul 17, 2009 10:24am Jul 17, 2009 10:24am
Quoting eohater
Does anyone have a recommendation on some reading on S/R to help those to be able to define them. Mine is from chart time, no book.
Not sure if this helps

http://stockcharts.com/school/doku.p...t_and_resistan

 http://www.investopedia.com/articles...cal/061801.asp
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