Trade what you see NOT what you expect | Page 1062 | Forex Factory

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Trade what you see NOT what you expect

  • #21,221
  • Aug 5, 2009 3:27pm Aug 5, 2009 3:27pm
Here is a little artical on Peaks and Troughs..
Attached File(s)
File Type: pdf Peaks_and_Troughs_Pring[1].pdf   181 KB | 333 downloads
Good Trading To All ; Ken Lee
  • #21,222
  • Aug 5, 2009 3:29pm Aug 5, 2009 3:29pm
Quoting eohater
Feel free to PM me and let me know if your up. I'll be more than happy to jump in the thread. I know Pippi is up during these times as well filling his Govt. Motors truck with pips!

Btw, it's 4:21pm for me right now.
LOL...me too. East coast PA. I get up at midnight to catch the last hours of Asia into UK and I'm up the whole time. I usually nod off around 8:00 or so. Never did need a lot of sleep. Been self employed since I was 16...LOL
Ghost Rider - WWTBMD?
  • #21,223
  • Aug 5, 2009 3:38pm Aug 5, 2009 3:38pm
Going over my h1 charts, I can see the h1 62 coming into play. 6907 is the current price and if everyone looks at their h1 chart, you can see that level as quality support.
Just digging in the trenches like everyone else!
  • #21,224
  • Aug 5, 2009 3:43pm Aug 5, 2009 3:43pm
Quoting eohater
Going over my h1 charts, I can see the h1 62 coming into play. 6907 is the current price and if everyone looks at their h1 chart, you can see that level as quality support.
Yep, I have an S/R at 6900. Sure be nice to see a touch there. Now you play the touch of the 1H 62 pretty much automatically right?

I gotta change that avatar. It's bugging me...lol
Ghost Rider - WWTBMD?
  • #21,225
  • Aug 5, 2009 3:44pm Aug 5, 2009 3:44pm
Just got back to green pips......great call EO on that 7030 area!
  • #21,226
  • Aug 5, 2009 3:47pm Aug 5, 2009 3:47pm
Quoting Shilva
Just got back to green pips......great call EO on that 7030 area!
Good job on hanging in there bro!
Just digging in the trenches like everyone else!
  • #21,227
  • Aug 5, 2009 3:49pm Aug 5, 2009 3:49pm
Quoting albchr
Yep, I have an S/R at 6900. Sure be nice to see a touch there. Now you play the touch of the 1H 62 pretty much automatically right?

I gotta change that avatar. It's bugging me...lol
I do usually play the h1 62 off the touch, but I don't let it go against me more than 30 pips. I'll cut my loss and wait for PA to confirm. Sometimes, I've gotten back in near the same price I originally got in at, but it's about controlling risk.
Just digging in the trenches like everyone else!
  • #21,228
  • Aug 5, 2009 3:57pm Aug 5, 2009 3:57pm
Quoting eohater
I'm looking at the potential range and I can see the 6990 floor and 7025 ceiling. These are the ask prices. You'll need to adjust for your spread on shorts and your SL on longs. I always give price in the ask price level, not bid price. Candles close on the ask price and this is why.
They do? I never have the ask line displayed on my charts. It always seems the candle closes on the bid price line. I'll keep the ask line up and watch but brother, that's news to me. Unless it's just the way they're painted?
Ghost Rider - WWTBMD?
  • #21,229
  • Aug 5, 2009 4:04pm Aug 5, 2009 4:04pm
Quoting albchr
They do? I never have the ask line displayed on my charts. It always seems the candle closes on the bid price line. I'll keep the ask line up and watch but brother, that's news to me. Unless it's just the way they're painted?
I think you can adjust your software either way. When I first started trading, I was taught to use the ask price not the bid price. Habits are hard to break. Just know, when I call a price level, I'm using the ask price.
Just digging in the trenches like everyone else!
  • #21,230
  • Aug 5, 2009 4:06pm Aug 5, 2009 4:06pm
10m and I'm outta here. Bob is calling my name and I can't deny him!!
Just digging in the trenches like everyone else!
  • #21,231
  • Aug 5, 2009 4:10pm Aug 5, 2009 4:10pm
Quoting eohater
I think you can adjust your software either way. When I first started trading, I was taught to use the ask price not the bid price. Habits are hard to break. Just know, when I call a price level, I'm using the ask price.
I am seeing 6950 area as a strong support level.Does anyone share that with me, and that is in line with my 1hr 50ma right now.
Please ask questions and share your experiences with us all!
  • #21,232
  • Aug 5, 2009 4:12pm Aug 5, 2009 4:12pm
Quoting bkg102665
I am seeing 6950 area as a strong support level.Does anyone share that with me, and that is in line with my 1hr 50ma right now.
I believe that price is in line with your 50 and the 62 is at 6910. That's what my charts have atleast.
Just digging in the trenches like everyone else!
  • #21,233
  • Aug 5, 2009 4:12pm Aug 5, 2009 4:12pm
Quoting eohater
I believe that price is in line with your 50 and the 62 is at 6910. That's what my charts have atleast.
yeah I caught that 50ma is correct
Please ask questions and share your experiences with us all!
  • #21,234
  • Aug 5, 2009 4:35pm Aug 5, 2009 4:35pm
GBP_USD Spot.png

Hi Guys
We are at an Intresting LEVEL on the Quaterly CHART........
The weekly trend Remains UP,BUT we can expect a retrace..

baz
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Spot.png Size: 10 KB
  • #21,235
  • Aug 5, 2009 4:39pm Aug 5, 2009 4:39pm
6Hr Tf......what is to come tommorow....i would expect a TEST of Todays Highs to SUCK the BUY orders up there....

baz

GBP_USD Spot.png
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Spot.png Size: 7 KB
  • #21,236
  • Aug 5, 2009 5:16pm Aug 5, 2009 5:16pm
Quoting PippiNole
What the hell happened to Cisco? Did he just pop in for a quickie? I thought things took him longer now a days.


Hell yes things take longer nowadays. Just look at my sig.
Hi, my name is Barry and you can keep your doctor...
  • #21,237
  • Aug 6, 2009 12:16am Aug 6, 2009 12:16am
Quoting baz
GBP_USD Spot.png

Hi Guys
We are at an Intresting LEVEL on the Quaterly CHART........
The weekly trend Remains UP,BUT we can expect a retrace..

baz
As always Baz, thank you for stopping in and sharing your view!

I wish many green pips for you bro!
Just digging in the trenches like everyone else!
  • #21,238
  • Aug 6, 2009 12:17am Aug 6, 2009 12:17am
Good evening/morning/afternoon everyone!

I hope everyone has been bagging the pips!
Just digging in the trenches like everyone else!
  • #21,239
  • Aug 6, 2009 12:18am Aug 6, 2009 12:18am
Quoting eohater
Good evening/morning/afternoon everyone!

I hope everyone has been bagging the pips!
Morning Bro
  • #21,240
  • Aug 6, 2009 12:20am Aug 6, 2009 12:20am
Quoting davids
Morning Bro
You going to the office today bro?
Just digging in the trenches like everyone else!
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