Trade what you see NOT what you expect | Page 1056 | Forex Factory

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Trade what you see NOT what you expect

  • #21,101
  • Aug 5, 2009 7:43am Aug 5, 2009 7:43am
Quoting KENNETH lEE
I swear I didn't tell anyone . Did he know the secret handshake before you let him in the door ?? Please don't ban me...
Just digging in the trenches like everyone else!
  • #21,102
  • Aug 5, 2009 7:45am Aug 5, 2009 7:45am
Quoting albchr
Well I see things move very fast in here so I'll just keep quiet and hit the refresh button every nanosecond or so and follow along....LOL
You don't have to keep quiet! Just don't miss a trade because your posting!

Alright, we're past 10:45am EST, now it's time for this to continue it's decent for the next hour.
Just digging in the trenches like everyone else!
  • #21,103
  • Aug 5, 2009 7:47am Aug 5, 2009 7:47am
Quoting eohater
When I'm in positions, it's easier for me to post. I have my TP's set and keeping my eye for a possible run back to the top. I've still got the 6923 area to clear on GU for my shorts to be really golden, but they've paid me well so far!
That is a understatement if you aren't positive and in a bad trade get the heck out of it. As shown everywhere on this thread a decent entry is only a few minutes a way. Might not be the 200 pipper everyone would like but the emotions of positive verses the dread of negative is like wine verse vinegar.Positive Negative Get the Picture
Good Trading To All ; Ken Lee
  • #21,104
  • Aug 5, 2009 7:48am Aug 5, 2009 7:48am
If anyone is considering a long, SL still needs to be on the other side of 6923. Not bad R:R, the buyers are still holding price, but the question is for how long and can they push it back to 7020?
Just digging in the trenches like everyone else!
  • #21,105
  • Aug 5, 2009 7:48am Aug 5, 2009 7:48am
Quoting eohater
You don't have to keep quiet! Just don't miss a trade because your posting!

Alright, we're past 10:45am EST, now it's time for this to continue it's decent for the next hour.

That's OK, today is my third promised day of learning so not actually pulling any triggers. But if I were to go short here now, would the SL above the 35 do or would you still say above 6998 after these closes?
Ghost Rider - WWTBMD?
  • #21,106
  • Aug 5, 2009 7:49am Aug 5, 2009 7:49am
Quoting eohater
If anyone is considering a long, SL still needs to be on the other side of 6923. Not bad R:R, the buyers are still holding price, but the question is for how long and can they push it back to 7020?

I am seeing if 200 sma holds plus the dow is still dropping..
Good Trading To All ; Ken Lee
  • #21,107
  • Aug 5, 2009 7:50am Aug 5, 2009 7:50am
Quoting albchr
That's OK, today is my third promised day of learning so not actually pulling any triggers. But if I were to go short here now, would the SL above the 35 do or would you still say above 6998 after these closes?
If I went short now, I'd use a 25 pip SL which would put it around 6975. Might be too tight, but I wouldn't want price to drive to 6990 and I'm sitting there saying WTF, I sold the bottom.
Just digging in the trenches like everyone else!
  • #21,108
  • Aug 5, 2009 7:51am Aug 5, 2009 7:51am
Quote
I swear I didn't tell anyone . Did he know the secret handshake before you let him in the door ??http://www.forexfactory.com/t/121761..._the_floor.gif Please don't ban me...http://www.forexfactory.com/t/121761...es/yim/sad.gif
ha! ha! ha! now thats funny http://www.freesmileys.org/smileys/s...excited001.gif
  • #21,109
  • Aug 5, 2009 7:53am Aug 5, 2009 7:53am
Quoting albchr
That's OK, today is my third promised day of learning so not actually pulling any triggers. But if I were to go short here now, would the SL above the 35 do or would you still say above 6998 after these closes?
Put yourself some trendlines on the fall. I've got two and this is how they look.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.PNG Size: 37 KB
Just digging in the trenches like everyone else!
  • #21,110
  • Aug 5, 2009 7:54am Aug 5, 2009 7:54am
Quoting KENNETH lEE
I am seeing if 200 sma holds plus the dow is still dropping..
The 200 is not giving it up very easily! It might hold.
Just digging in the trenches like everyone else!
  • #21,111
  • Aug 5, 2009 7:54am Aug 5, 2009 7:54am
Quoting eohater
If I went short now, I'd use a 25 pip SL which would put it around 6975. Might be too tight, but I wouldn't want price to drive to 6990 and I'm sitting there saying WTF, I sold the bottom.
I have S/R at 74 & 81. Another bounce off that 200. Sellers want it but the bulls are fighting back.
Ghost Rider - WWTBMD?
  • #21,112
  • Aug 5, 2009 7:55am Aug 5, 2009 7:55am
Quoting KENNETH lEE
I am seeing if 200 sma holds plus the dow is still dropping..
Do you see shampoo on the m15?
Just digging in the trenches like everyone else!
  • #21,113
  • Aug 5, 2009 7:56am Aug 5, 2009 7:56am
Quoting eohater
Put yourself some trendlines on the fall. I've got two and this is how they look.
David sent me his TL. I have that on there but will add your sub TL as well.
Ghost Rider - WWTBMD?
  • #21,114
  • Aug 5, 2009 8:02am Aug 5, 2009 8:02am
Quoting eohater
Do you see shampoo on the m15?

Sorta
Attached Image (click to enlarge)
Click to Enlarge Name: gpdusdmisc.jpg Size: 134 KB
Good Trading To All ; Ken Lee
  • #21,115
  • Aug 5, 2009 8:02am Aug 5, 2009 8:02am
4h just closed

I still have some nice positive divergence on 15m though 698x obviously remains another selling area
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.JPG Size: 128 KB
'The past will always show us the future'
  • #21,116
  • Aug 5, 2009 8:03am Aug 5, 2009 8:03am
Quoting eohater
Put yourself some trendlines on the fall. I've got two and this is how they look.
What about this one?

But these tops speak for themselves.
Attached Image (click to enlarge)
Click to Enlarge Name: 15min.jpg Size: 62 KB
  • #21,117
  • Aug 5, 2009 8:05am Aug 5, 2009 8:05am
Just filled an EJ long at 136.50, SL is at 136.20. Targeting 137 My EJ short is still on.
Just digging in the trenches like everyone else!
  • #21,118
  • Aug 5, 2009 8:05am Aug 5, 2009 8:05am
Rather see this
Attached Image (click to enlarge)
Click to Enlarge Name: gpdusdmisc.jpg Size: 137 KB
Good Trading To All ; Ken Lee
  • #21,119
  • Aug 5, 2009 8:06am Aug 5, 2009 8:06am
Quoting Komissar
What about this one?
Good eye Komissar!
Just digging in the trenches like everyone else!
  • #21,120
  • Aug 5, 2009 8:16am Aug 5, 2009 8:16am
So now that we've closed through the 35 again, same rules apply the other way?
Ghost Rider - WWTBMD?
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