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Trade what you see NOT what you expect

  • #20,261
  • Jul 29, 2009 3:17pm Jul 29, 2009 3:17pm
Just looking at my charts, I would not be surprised to see a pullback to 644x then another push south, but at the same token, I wouldn't be surprised to see her go to 654x as well before falling. The h4 has been rejected all day from going north, but that doesn't men we won't close out at 633x on the h4 and run north. Both directions are still a possible!
Just digging in the trenches like everyone else!
  • #20,262
  • Jul 29, 2009 3:18pm Jul 29, 2009 3:18pm
2m left, anyone need a SL on a position there in?
Just digging in the trenches like everyone else!
  • #20,263
  • Jul 29, 2009 11:44pm Jul 29, 2009 11:44pm
Quoting eohater
Just looking at my charts, I would not be surprised to see a pullback to 644x then another push south, but at the same token, I wouldn't be surprised to see her go to 654x as well before falling. The h4 has been rejected all day from going north, but that doesn't men we won't close out at 633x on the h4 and run north. Both directions are still a possible!
I was close to the 633x on the h4. We went down to 6342 and then shot up and hasn't looked back. I wish I would have been able to get in on the trade, but family obligations precided. I can still see this rejection from 634x as an opportunity to see 644x still. I will be a seller around that area on my current short position. My SL is now at 6460 on my running shorts. We could possibly see a run up to 654x where a shitload of sellers will be ready to pounce all over her ass. We break 6589, 666x will come quickly and 674x right behind. We are down to the last 2 days of the monthly candle. So again, keep you stops in place and know your r:r before entering a position.
Just digging in the trenches like everyone else!
  • #20,264
  • Jul 29, 2009 11:50pm Jul 29, 2009 11:50pm
Quoting eohater
I was close to the 633x on the h4. We went down to 6342 and then shot up and hasn't looked back. I wish I would have been able to get in on the trade, but family obligations precided. I can still see this rejection from 634x as an opportunity to see 644x still. I will be a seller around that area on my current short position. My SL is now at 6460 on my running shorts. We could possibly see a run up to 654x where a shitload of sellers will be ready to pounce all over her ass. We break 6589, 666x will come quickly and 674x right behind. We are down...
Here's what I see if we should break the 634x area south. I can see 627x, 623x, and 613x. I will be looking for buying opportunities at these levels should we see them. The 613x will be loaded with a shitload of buyers and I will be one of them.

Let's finish out the week with a good run and positive pips for everyone. Watch your h4's, your h1's and get your entry off the m15.
Just digging in the trenches like everyone else!
  • #20,265
  • Jul 30, 2009 12:25am Jul 30, 2009 12:25am
She's trying to make a move, we get a m15 close over 6408, we will see 6428 and maybe more.
Just digging in the trenches like everyone else!
  • #20,266
  • Jul 30, 2009 12:37am Jul 30, 2009 12:37am
Quoting eohater
She's trying to make a move, we get a m15 close over 6408, we will see 6428 and maybe more.
I agree I am long at 1.6375 till 1.6450,will see
  • #20,267
  • Jul 30, 2009 12:39am Jul 30, 2009 12:39am
Quoting sofia101
I agree I am long at 1.6375 till 1.6450,will see
Nice to see you Sofia! Good entry price, I didn't get in 'til 6380, but I've booked some profit and covered my position. I wouldn't mind seeing 645x, I'll book more profit and add to my shorts there.
Just digging in the trenches like everyone else!
  • #20,268
  • Jul 30, 2009 12:43am Jul 30, 2009 12:43am
Quoting eohater
Nice to see you Sofia! Good entry price, I didn't get in 'til 6380, but I've booked some profit and covered my position. I wouldn't mind seeing 645x, I'll book more profit and add to my shorts there.
Nice to see you too ))) I hope it will work if not, oh well.My stop at 1.6334 .Will see.Good luck to you ,it late here ,I hope I will wake up green)))
  • #20,269
  • Jul 30, 2009 12:51am Jul 30, 2009 12:51am
Quoting sofia101
Nice to see you too ))) I hope it will work if not, oh well.My stop at 1.6334 .Will see.Good luck to you ,it late here ,I hope I will wake up green)))
I hope you wake up to some nice green pips as well! It's looking real good for us atm at 6425. I hope you at least book some profit and cover.

Have a nice rest! Please don't be a stranger and stop by anytime!
Just digging in the trenches like everyone else!
  • #20,270
  • Jul 30, 2009 12:53am Jul 30, 2009 12:53am
Quoting eohater
She's trying to make a move, we get a m15 close over 6408, we will see 6428 and maybe more.
Well, we've just seen 6428. I booked some more profit at 6424. SL moved now to 6400. Next TP of 6440
Just digging in the trenches like everyone else!
  • #20,271
  • Jul 30, 2009 12:53am Jul 30, 2009 12:53am
eohater,

where would you put your SL for shorts up there?
btw. nice thread.

tdeu

Quoting eohater
Nice to see you Sofia! Good entry price, I didn't get in 'til 6380, but I've booked some profit and covered my position. I wouldn't mind seeing 645x, I'll book more profit and add to my shorts there.
  • #20,272
  • Edited 1:01am Jul 30, 2009 12:58am | Edited 1:01am
Quoting tdeu
eohater,

where would you put your SL for shorts up there?
btw. nice thread.

tdeu
Shorting around 645x-646x with SL on the other side of 6470. We pass 6470, 6490 will be seen along with 654x possibly to follow. Our working h4 is bullish and engulfing. Our working h1 is coming off of a dblhc above the h1 10 and about ready to clear the h1 50/62. If we test the h1 50/62 on the top side and they hold, 645x-646x will be seen.

Thank you for the compliment on the thread! We have some awesome traders who make it what it is.
Just digging in the trenches like everyone else!
  • #20,273
  • Jul 30, 2009 1:09am Jul 30, 2009 1:09am
eohater,

would you short if we close h1 below 62ema?
tdeu
  • #20,274
  • Jul 30, 2009 1:12am Jul 30, 2009 1:12am
Quoting tdeu
eohater,

would you short if we close h1 below 62ema?
tdeu
I wouldn't short at the turn of the h1, I would look to my m15 chart for an opportunity to short. It's appearing to have checked the h1 62 and starting to consider it as support. Obviously, we still have 49m before the confirmation is set in stone.
Just digging in the trenches like everyone else!
  • #20,275
  • Jul 30, 2009 1:13am Jul 30, 2009 1:13am
Did everyone see how the sellers pounced on the 6440 price?
Just digging in the trenches like everyone else!
  • #20,276
  • Jul 30, 2009 1:15am Jul 30, 2009 1:15am
5/10 EMA on 15min takes some time to turn south. Would you go with some reversal candle forming on 15min in that area?

Quoting eohater
I wouldn't short at the turn of the h1, I would look to my m15 chart for an opportunity to short. It's appearing to have checked the h1 62 and starting to consider it as support. Obviously, we still have 49m before the confirmation is set in stone.
  • #20,277
  • Jul 30, 2009 1:18am Jul 30, 2009 1:18am
Quoting tdeu
5/10 EMA on 15min takes some time to turn south. Would you go with some reversal candle forming on 15min in that area?
I'd be watchiing the candle formations. I would want to see it giving us a flat top, a pin, dbhlc. Positive influce of the movement south.

BTW, my other TP area was just hit, SL on remaining postion has been moved to 6415.
Just digging in the trenches like everyone else!
  • #20,278
  • Jul 30, 2009 1:54am Jul 30, 2009 1:54am
Hey EO I think I definitely broke the 10 pip rule.
  • #20,279
  • Jul 30, 2009 7:35am Jul 30, 2009 7:35am
Quoting PippiNole
Hey EO I think I definitely broke the 10 pip rule.
We both broke it bro! I've booked more profit on my longs. My shorts from last week got closed out, but I had a PO set at 6520 which I've just booked some profit on as well and moving my SL to BE.
Just digging in the trenches like everyone else!
  • #20,280
  • Jul 30, 2009 7:42am Jul 30, 2009 7:42am
As shorts have paid out well from 65xx this week, we need to be careful up here now. We are at the end of the week/month. Cable came running up here, but look what didn't come up here (EU). If EU should start a move north, I can see it pushing GU higher as well. Line in the sand for the day is 6530. This line is there for me until my next h4 closes in 3h 19m. If we break it but have a full bodied h4 candle close with a small wick but still under 6559, then I will short it again on the turn of that h4. I'm off to take a shower and get my son to school. I'll be online again shortly.
Just digging in the trenches like everyone else!
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