Trade what you see NOT what you expect | Page 1024 | Forex Factory

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Trade what you see NOT what you expect

  • #20,461
  • Jul 30, 2009 2:33pm Jul 30, 2009 2:33pm
I need Infinity back with his wonderful singing skills...Give me da pin.
  • #20,462
  • Jul 30, 2009 2:42pm Jul 30, 2009 2:42pm
Quoting PippiNole
I need Infinity back with his wonderful singing skills...Give me da pin.
Looks like your going to get an inverted hangingman instead of a pin bro on the mrs. I want it myself since I jumped on her ass at 134.7
Just digging in the trenches like everyone else!
  • #20,463
  • Jul 30, 2009 2:46pm Jul 30, 2009 2:46pm
Quoting eohater
Looks like your going to get an inverted hangingman instead of a pin bro on the mrs. I want it myself since I jumped on her ass at 134.7
Sweet welcome aboard.
  • #20,464
  • Jul 30, 2009 2:51pm Jul 30, 2009 2:51pm
Took some off at the 50 ema for 50 pips on the Mistress.
  • #20,465
  • Jul 30, 2009 2:54pm Jul 30, 2009 2:54pm
Quoting eohater
Interesting enough that I'd short the S&P.

looks like that short would have paid nice dividend now.
  • #20,466
  • Jul 30, 2009 2:58pm Jul 30, 2009 2:58pm
Quoting PippiNole
Took some off at the 50 ema for 50 pips on the Mistress.
I've booked 40 and covered at BE on the rest.
Just digging in the trenches like everyone else!
  • #20,467
  • Jul 30, 2009 2:59pm Jul 30, 2009 2:59pm
short Ej 134.524
short GU 1.6498
short GY 157.344
  • #20,468
  • Jul 30, 2009 2:59pm Jul 30, 2009 2:59pm
Quoting eohater
I've booked 40 and covered at BE on the rest.
Always nice to be riding with the instructor.
  • #20,469
  • Jul 30, 2009 3:02pm Jul 30, 2009 3:02pm
Remember this chart from earlier I posted. We've moved east enough now we're nearing this trendline. I would not be surprised to see this push us back north, maybe to even 654x-655x area. As I said before I will be a shorter at that price level with SL on the other side of 6589.

I kinda see this playing out like yesterday, except the opposite. Yesterday, after the US close, we went and made a new low in 634x area then shot north. This time, we could make a new move north to the 654x-655x area and fall on her face. I'm still short and I'm still long from the bottom.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.PNG Size: 38 KB
Just digging in the trenches like everyone else!
  • #20,470
  • Jul 30, 2009 3:03pm Jul 30, 2009 3:03pm
EO....based on the 4H close we just got, what is your bias....if you don't mind?

We had a lower high...closed higher than the previous two candles but under normal circumstances we would call it a reversal candle would we not??????
  • #20,471
  • Jul 30, 2009 3:03pm Jul 30, 2009 3:03pm
Quoting PippiNole
Always nice to to riding with the instructor.
Just digging in the trenches like everyone else!
  • #20,472
  • Jul 30, 2009 3:05pm Jul 30, 2009 3:05pm
Quoting rt4x
EO....ased on the 4H close we just got, what is your bias....if you don't mind?
Major selling pressure! Look at my post above though to see what else I'm seeing. We have UK news coming out in 3hrs which could cause the rally into the next h4 candle to give us the short signal again. If I was not in a trade long or short right now, I would have a hard time going short at this price unless I was willing to have a 100 pip SL on the move. I'm not willing to have that kind of a SL with this being the end of month end of week.
Just digging in the trenches like everyone else!
  • #20,473
  • Jul 30, 2009 3:08pm Jul 30, 2009 3:08pm
Quoting rt4x
EO....based on the 4H close we just got, what is your bias....if you don't mind?

We had a lower high...closed higher than the previous two candles but under normal circumstances we would call it a reversal candle would we not??????
Under normal circumstances, yes we would. Here's a h1 chart with another trendline I have on it. Kinda coincides with the m15 trendline I've posted as well. There's one on the h4 also.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.PNG Size: 36 KB
Just digging in the trenches like everyone else!
  • #20,474
  • Jul 30, 2009 3:21pm Jul 30, 2009 3:21pm
THANKS EO
  • #20,475
  • Jul 30, 2009 3:25pm Jul 30, 2009 3:25pm
I am out of here I will see you all tomorrow all my trades are closed and will have a look later, I agree with EO I think we will could see more upside still which is great as it gives us better price to short from
  • #20,476
  • Jul 30, 2009 3:26pm Jul 30, 2009 3:26pm
Quoting rt4x
THANKS EO
Anytime, I guess I can't call you bro, so we'll go with sis! You know how I like to sell up the wicks of the candles, this is one of those cases. I will be watching the h4 very closely along with the m15 for a possible break. I have this 654x-655x area though that I see as major resistance which if it holds would show the break north to be nothing more than an opportunity to pick up more sellers. Either way, no trade will be entered without a SL.
Just digging in the trenches like everyone else!
  • #20,477
  • Jul 30, 2009 3:39pm Jul 30, 2009 3:39pm
Quoting davids
I am out of here I will see you all tomorrow all my trades are closed and will have a look later, I agree with EO I think we will could see more upside still which is great as it gives us better price to short from
Good job today bro! I knew you'd have a good day today! I'll be on for Late Asia and London Open.
Just digging in the trenches like everyone else!
  • #20,478
  • Jul 30, 2009 3:40pm Jul 30, 2009 3:40pm
Quoting lexazver
looks like that short would have paid nice dividend now.
Does anyone know of a broker that will allow me to trade the DOW as a whole along the the S&P?
Just digging in the trenches like everyone else!
  • #20,479
  • Jul 30, 2009 4:01pm Jul 30, 2009 4:01pm
I'm outta here. I'll be back on later tonight. Trade well everyone and cover you positions. I don't want to read about the blood bath!
Just digging in the trenches like everyone else!
  • #20,480
  • Jul 30, 2009 4:12pm Jul 30, 2009 4:12pm
Maybe a shampoo ( head and shoulders on E/J
Attached Image (click to enlarge)
Click to Enlarge Name: Misc EJ Chart.jpg Size: 126 KB
Good Trading To All ; Ken Lee
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