Trade what you see NOT what you expect | Page 1041 | Forex Factory

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Trade what you see NOT what you expect

  • #20,801
  • Aug 2, 2009 10:02am Aug 2, 2009 10:02am
Quoting albchr
Hi Ken,

My first post on this thread. Love the thread and that's a great post you have there. I've been trading the 1H & 4H for the most part using daily/weekly for strong S/R and 4H for weaker ones. Trying to learn the 15M for the obvious reasons this thread is all about.

For getting in earlier, would it be a good idea to place PO's at the strong S/R levels say around one of the higher previous wicks there?

Thanks everyone! Great thread and I'm on page 51 having started this weekend.... All the MA's in place.

Chris
If you study the PDF you will see where EO mentions using PO's to have the price action pull him into the trade.. Just make sure it is a major area if you do use them of course have yourself protected... Keep eye on the thread and just chime in whenever you need clarification on some point..

Oh and Welcome ... Ken Lee
Good Trading To All ; Ken Lee
  • #20,802
  • Aug 2, 2009 10:17am Aug 2, 2009 10:17am
Quoting KENNETH lEE
If you study the PDF you will see where EO mentions using PO's to have the price action pull him into the trade.. Just make sure it is a major area if you do use them of course have yourself protected... Keep eye on the thread and just chime in whenever you need clarification on some point..

Oh and Welcome ... Ken Lee
Yep, have the PDF and I'm working my way through it. Thanks Ken...

Looking forward to tagging along. And oh, as a general rule I don't post too often in really good threads like this and James 16. My little way of helping to keep the size down so new readers aren't discouraged from reading them...lol

Chris
Ghost Rider - WWTBMD?
  • #20,803
  • Aug 2, 2009 3:43pm Aug 2, 2009 3:43pm
Here is the way price action was explained to me.

"The nature of the market is for price to move up or down, find support or resistance, pull back from these areas, retest the highs or lows and either break them or reverse directions. These are the areas that will influence price action in the future."

Now that price has broken into higher territory without any previous p/a in the last month how do you find the new levels of support or resistance above 6600.

If u take a look at the breakout from Friday on the 5m chart they become clear. I tried to color code them as Ken Lee suggested. These areas need to be confirmed by future p/a.
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  • #20,804
  • Aug 2, 2009 7:09pm Aug 2, 2009 7:09pm
Hey guys, I just took at short at 6770 w/ SL at 6795.
Just digging in the trenches like everyone else!
  • #20,805
  • Aug 2, 2009 7:54pm Aug 2, 2009 7:54pm
Quoting eohater
Hey guys, I just took at short at 6770 w/ SL at 6795.
Nice Eo - I'm flat cable atm and looking at GBPCAD and EJ.

GC made double bottom on Fri - I'm long and theres a shampoo(H1) on Ej -I'm short.

Take a look at GBPCAD - If it follows cable theres a lot of potential..
  • #20,806
  • Aug 2, 2009 7:56pm Aug 2, 2009 7:56pm
I'm on the buss also...15 pips late as usual

I had an excuse this time.....I was sitting out there on the....dock of the bay....... having a bud lite with otis and darn it if bob didn't show up!
  • #20,807
  • Aug 2, 2009 7:59pm Aug 2, 2009 7:59pm
Do u guys always trade the asian session??
  • #20,808
  • Aug 2, 2009 8:09pm Aug 2, 2009 8:09pm
Quoting stewrigh
Do u guys always trade the asian session??

YES there is some that trade every session. But not to many post...
Good Trading To All ; Ken Lee
  • #20,809
  • Aug 2, 2009 8:12pm Aug 2, 2009 8:12pm
Thought I'd give the asian session a try but its 2am here so not sure I'll last.

Whats PA like - it seems a lot slower so far - and more predictable.
  • #20,810
  • Aug 3, 2009 1:54am Aug 3, 2009 1:54am
Have been up most of the night, watching gu bouncing up and down between 16752 and 16706 looks like we could be in for a boring day.
  • #20,811
  • Aug 3, 2009 3:58am Aug 3, 2009 3:58am
Good Morning to all,

If we close this hour flat on EJ i will go short at the beginning of the next hour..SL would be 135,70
  • #20,812
  • Aug 3, 2009 4:05am Aug 3, 2009 4:05am
Quoting Isty
Good Morning to all,

If we close this hour flat on EJ i will go short at the beginning of the next hour..SL would be 135,70
This Last H1 did not close flat, but we are nearly in a resistance zone...I did not go short but looking for PA candles on M15 if we should be in that zone..
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  • #20,813
  • Aug 3, 2009 6:25am Aug 3, 2009 6:25am
Morning, fellows
Is it software glitch, or there is a gap (about 17 pips) on EJ?

If it is a gap. is she going to cover it?
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  • #20,814
  • Aug 3, 2009 6:38am Aug 3, 2009 6:38am
Quoting Komissar
Morning, fellows
Is it software glitch, or there is a gap (about 17 pips) on EJ?

If it is a gap. is she going to cover it?
No gap on my feed! I will say a short from 136.5x at the end of the day or near it might be a good short. I'll assess that position later on.
Just digging in the trenches like everyone else!
  • #20,815
  • Aug 3, 2009 6:47am Aug 3, 2009 6:47am
Quoting eohater
No gap on my feed! I will say a short from 136.5x at the end of the day or near it might be a good short. I'll assess that position later on.
Morning, EO
Maybe you are right. There is also gap on EJ around midnight.
I begin to suspect that the CMS is not reliable anymore.

Especially now, when application stopped working for no reason.
I can't open it for 15 min already. Sucks!

EO, I've already asked you about your providers. If you don't mind, could you please tell it again?
Thanks
  • #20,816
  • Aug 3, 2009 7:09am Aug 3, 2009 7:09am
Quoting Komissar
Morning, EO
Maybe you are right. There is also gap on EJ around midnight.
I begin to suspect that the CMS is not reliable anymore.

Especially now, when application stopped working for no reason.
I can't open it for 15 min already. Sucks!

EO, I've already asked you about your providers. If you don't mind, could you please tell it again?
Thanks
Primary of MBTrading, Secondary of FXDD. I'm short on GU at 6860, SL at 6885.
Just digging in the trenches like everyone else!
  • #20,817
  • Aug 3, 2009 7:11am Aug 3, 2009 7:11am
Quoting eohater
Primary of MBTrading, Secondary of FXDD. I'm short on GU at 6860, SL at 6885.
Thanks a lot.
  • #20,818
  • Aug 3, 2009 7:28am Aug 3, 2009 7:28am
Hi Guys again,

I just got back home. I am just studying my chart about ranging..Can we say that as a rule that if we break our last range and the next candle close back on the range on M15, we will go to see the other side of the range ,even will break that? It happened today, i think on friday on our H1 chart as well. What is your thought about that?


Bye the way, Ken and Pippi nice posts...Thanks
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  • #20,819
  • Aug 3, 2009 8:05am Aug 3, 2009 8:05am
Good morning traders. I hope you all caught some of the nice run up.
  • #20,820
  • Aug 3, 2009 8:08am Aug 3, 2009 8:08am
Quoting eohater
Primary of MBTrading, Secondary of FXDD. I'm short on GU at 6860, SL at 6885.
Great price bro! I was long last night from 6700 with stop at 6650 and tp at 6820.. I'm looking for a new seat now...
Patience + Discipline - Greed = Success
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