Trade what you see NOT what you expect | Page 969 | Forex Factory

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Trade what you see NOT what you expect

  • #19,361
  • Jul 20, 2009 7:24am Jul 20, 2009 7:24am
Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 23 KB
Quoting eohater
If anyone has a h4 candle that just closed like rt's, could you please post the above information.

Thank you in advance!
  • #19,362
  • Jul 20, 2009 7:25am Jul 20, 2009 7:25am
Quoting Isty
Hi InDjaLV,


Last week you asked for readings about Support/Resistance...I posted some on the page 1281 and 1282 and i found one more, you can download..I attach it. Hope it will help

Thanks Isty.. maybe I see somethnig new at this document...
  • #19,363
  • Jul 20, 2009 7:30am Jul 20, 2009 7:30am
Quoting rt4x
SORRY EO...had stepped away...

Open: 6502, High: 6550, Low: 6484, Close: 6488
Thank you! Notice how price is having a problem with 6484? As well, notice how price was rejected from 6502? There will be more sellers up the wick. I would like to say the sellers will take out the bottom and continue, but I'm not sure she's ready just yet, Maybe another test of 653x.
Just digging in the trenches like everyone else!
  • #19,364
  • Jul 20, 2009 7:30am Jul 20, 2009 7:30am
Quoting deboooo2005
hi

booked short from 1.6535 profit @ 1.6477 = 58 pips
Good job bro!
Just digging in the trenches like everyone else!
  • #19,365
  • Jul 20, 2009 7:32am Jul 20, 2009 7:32am
Quoting eohater
Thank you! Notice how price is having a problem with 6484? As well, notice how price was rejected from 6502? There will be more sellers up the wick. I would like to say the sellers will take out the bottom and continue, but I'm not sure she's ready just yet, Maybe another test of 653x.
I will definitely add to my shorts should we see it again
  • #19,366
  • Jul 20, 2009 7:37am Jul 20, 2009 7:37am
would like to see a reversal candle around 6450 area???
  • #19,367
  • Jul 20, 2009 7:46am Jul 20, 2009 7:46am
hi eo

1.6455 was strong resistance ... and resistance could become support ... so letus watch if it hold or not long could be but little risky ... take care
  • #19,368
  • Jul 20, 2009 7:52am Jul 20, 2009 7:52am
Quoting deboooo2005
hi eo

1.6455 was strong resistance ... and resistance could become support ... so letus watch if it hold or not long could be but little risky ... take care
I agree bro! We break the 645x, we will see 6400 quickly! Otherwise, we could head back north to around 6510 to 652x. There will be a boat load of sellers up there.
Just digging in the trenches like everyone else!
  • #19,369
  • Jul 20, 2009 7:59am Jul 20, 2009 7:59am
Quoting eohater
I agree bro! We break the 645x, we will see 6400 quickly! Otherwise, we could head back north to around 6510 to 652x. There will be a boat load of sellers up there.
Yeah thats what 'm thinking about
  • #19,370
  • Jul 20, 2009 8:01am Jul 20, 2009 8:01am
loks like a double bottom to me....let's see if we get a higher close on this next candle

35/50 cross and reverse also
  • #19,371
  • Jul 20, 2009 8:08am Jul 20, 2009 8:08am
Good morning guys.... I closed out my short from 6379 for a 2 pip loss last night ... I then went long in another account at 6382.. set stop below 6350 and went to bed.. I woke up with price at 6523 where I closed after I saw we bounced off the top of the h4 channel... I just went long again at 6458 looking for a retest of the top... stop tight...
Patience + Discipline - Greed = Success
  • #19,372
  • Jul 20, 2009 8:12am Jul 20, 2009 8:12am
I got filled at 70...little late but tight stop below previous low
  • #19,373
  • Jul 20, 2009 8:12am Jul 20, 2009 8:12am
Quoting Infinity
Good morning guys.... I closed out my short from 6379 for a 2 pip loss last night ... I then went long in another account at 6382.. set stop below 6350 and went to bed.. I woke up with price at 6523 where I closed after I saw we bounced off the top of the h4 channel... I just went long again at 6458 looking for a retest of the top... stop tight...
Good morning bro! Nice job on the long! I missed the fun ride up! I'm short from 6540 and I've booked some nice profit as well. I'm taking a long ride with you as well now from 6468 with TIGHT SL as well, not sure we'll see the top, but she could fly and to risk 20 for the reward is good in my eyes.
Just digging in the trenches like everyone else!
  • #19,374
  • Jul 20, 2009 8:18am Jul 20, 2009 8:18am
Quoting Shilva
I got filled at 70...little late but tight stop below previous low
Excellent! I have a TP set at 6488, then 6510.
Just digging in the trenches like everyone else!
  • #19,375
  • Jul 20, 2009 8:20am Jul 20, 2009 8:20am
Quoting eohater
Good morning bro! Nice job on the long! I missed the fun ride up! I'm short from 6540 and I've booked some nice profit as well. I'm taking a long ride with you as well now from 6468 with TIGHT SL as well, not sure we'll see the top, but she could fly and to risk 20 for the reward is good in my eyes.
My long from the 50sma was a small one but it was a sweet trade... I had tp set at 6550 and it missed by 1 pip...

Yeah... this long needs to clear 6503 in order to see the top... I took some profit at 85 and covered...
Patience + Discipline - Greed = Success
  • #19,376
  • Jul 20, 2009 8:22am Jul 20, 2009 8:22am
Quoting eohater
Excellent! I have a TP set at 6488, then 6510.
Our current working H4 could be a hangingman...
  • #19,377
  • Jul 20, 2009 8:23am Jul 20, 2009 8:23am
Quoting Infinity
My long from the 50sma was a small one but it was a sweet trade... I had tp set at 6550 and it missed by 1 pip...

Yeah... this long needs to clear 6503 in order to see the top... I took some profit at 85 and covered...
Excellent! I adjusted to booked some profit at 6484, and covered on the rest at BE.
Just digging in the trenches like everyone else!
  • #19,378
  • Jul 20, 2009 8:24am Jul 20, 2009 8:24am
Quoting Isty
Our current working H4 could be a hangingman...
My shorts want it bearish engulfing more than a hanging man and my longs want it to be a hanging man.
Just digging in the trenches like everyone else!
  • #19,379
  • Jul 20, 2009 8:25am Jul 20, 2009 8:25am
A close above the h1 10ema would be sweet as well..
Patience + Discipline - Greed = Success
  • #19,380
  • Jul 20, 2009 8:31am Jul 20, 2009 8:31am
Quoting Infinity
A close above the h1 10ema would be sweet as well..
I agree, but not sure we will see it. With the DOW in play and the level it's at. Today's DOW close might give us a nice pin on the DOW with some major selling coming into play around 2:30 to 3:30. I will be watching as well. If my shorts don't get taken out, I'll add to my short position.
Just digging in the trenches like everyone else!
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