Trade what you see NOT what you expect | Page 1072 | Forex Factory

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Trade what you see NOT what you expect

  • #21,421
  • Aug 6, 2009 10:06am Aug 6, 2009 10:06am
eo thanks for the chart. so in that example your ma's had little to do with the decison or is it just that the ma's are a constant intrigal part of your decison, another words if they are buched or fanned ets.

i like how you looked at that candle i never heard it explained like that. the bulls were buying but they had little steam and the bears were able to take that higher high back into the body of the previous candle which shows the bears were getting stronger and the bulls were weaker.

thanks
  • #21,422
  • Aug 6, 2009 10:09am Aug 6, 2009 10:09am
Quoting johnnykanoo
eo thanks for the chart. so in that example your ma's had little to do with the decison or is it just that the ma's are a constant intrigal part of your decison, another words if they are buched or fanned ets.

i like how you looked at that candle i never heard it explained like that. the bulls were buying but they had little steam and the bears were able to take that higher high back into the body of the previous candle which shows the bears were getting stronger and the bulls were weaker.

thanks
The ma's did not have anything to do with my entry. PA on the h4, m15 and S/R was my driver for the entry.
Just digging in the trenches like everyone else!
  • #21,423
  • Aug 6, 2009 10:19am Aug 6, 2009 10:19am
Quoting gammase1
Hi David,

I see you're going full-time with your trading. All the best with that, mate.

Hi Al,

Very long time no hear. I hope you're still pinching pips, left, right and centre! I will be popping in on this thread a lot more.

Cheers
Paul
Thanks Paul
  • #21,424
  • Aug 6, 2009 10:27am Aug 6, 2009 10:27am
Longs on GU are still a concern to me, if you take one, keep your SL close. We did go 1 pip lower in the current h1 than the prior h1. We could still get a DBLHC on the h1, but she could still drop her pants farther. That damn 1 pip is in my eye and it's all about the details. 1 pip can throw it off easily! I've seen it and said it before in the past.
Just digging in the trenches like everyone else!
  • #21,425
  • Aug 6, 2009 10:32am Aug 6, 2009 10:32am
I'm with you on this. I keep an eye out for lower time frame divergence signals (not quite confident enough to handle candles on their own yet) and there have been a couple for small gains but nothing worth taking yet IMO. I would still target 740 before taking on a new long. Here's my 4h from 30m ago and the slightly lower wick you pointed out might invalidate any chance of a dblhc (among other things)
Attached Image (click to enlarge)
Click to Enlarge Name: dblhc.JPG Size: 138 KB
'The past will always show us the future'
  • #21,426
  • Aug 6, 2009 10:33am Aug 6, 2009 10:33am
I see buyers sitting on the h1 and h4 between 6780-6760. SL would need to be below 6740.
Just digging in the trenches like everyone else!
  • #21,427
  • Aug 6, 2009 10:34am Aug 6, 2009 10:34am
Quoting eohater
I see buyers sitting on the h1 and h4 between 6780-6760. SL would need to be below 6740.

my 23 SMMA has failed to break multiple times arrgghhhh!!!


Trend is down and I'm long, bad day all round really
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #21,428
  • Aug 6, 2009 10:35am Aug 6, 2009 10:35am
We are at the bottom of the 4H channel and not far away from S3 I see this a crucial area for GU she breaks the channel and S3 I see her continuing down
  • #21,429
  • Aug 6, 2009 10:36am Aug 6, 2009 10:36am
Crunch time right now between long and shorts. I'm still favoring my shorts. Look at your m15 and notice how price and the m15 5 are on top of each other. That damn 1 pip could keep the momentum moving south. My shorts would like that, but my longs will get closed out at 6780 if that's the case. No worries. I've had that position since Sunday and I just added to it this morning and booked some more good pippage on it.
Just digging in the trenches like everyone else!
  • #21,430
  • Aug 6, 2009 10:38am Aug 6, 2009 10:38am
Hi EO,

Can I ask a question please?

This may seem a bit daft but here goes

With the 35/50 cross and reverse, do the ma's have to be the correct way round to validate the trade? e.g. should it cross the 35 then the 50 to trigger the entry? I've noticed a couple of times when the ma's are playing catch up that they can be the wrong way round. I hope that makes sense.
  • #21,431
  • Aug 6, 2009 10:41am Aug 6, 2009 10:41am
Quoting Dirrall
Hi EO,

Can I ask a question please?

This may seem a bit daft but here goes

With the 35/50 cross and reverse, do the ma's have to be the correct way round to validate the trade? e.g. should it cross the 35 then the 50 to trigger the entry? I've noticed a couple of times when the ma's are playing catch up that they can be the wrong way round. I hope that makes sense.
It's the close across the 35 that is key. If we've been charging north and we close across the 35 and the 50's are above it, it's more confluence to go back short, still keeping your SL in tact of course. I consider the 35 to be home plate. (MA's follow price though, please understand this)
Just digging in the trenches like everyone else!
  • #21,432
  • Aug 6, 2009 10:42am Aug 6, 2009 10:42am
Quoting eohater
Crunch time right now between long and shorts. I'm still favoring my shorts. Look at your m15 and notice how price and the m15 5 are on top of each other. That damn 1 pip could keep the momentum moving south. My shorts would like that, but my longs will get closed out at 6780 if that's the case. No worries. I've had that position since Sunday and I just added to it this morning and booked some more good pippage on it.
We close this m15 candle down here below 6792, we should continue to our decent.
Just digging in the trenches like everyone else!
  • #21,433
  • Aug 6, 2009 10:47am Aug 6, 2009 10:47am
My longs have been closed out, shorts just booked more profit, SL has been moved to 6960 of my remaining position.
Just digging in the trenches like everyone else!
  • #21,434
  • Aug 6, 2009 10:50am Aug 6, 2009 10:50am
Quoting Dirrall
Hi EO,

Can I ask a question please?

This may seem a bit daft but here goes

With the 35/50 cross and reverse, do the ma's have to be the correct way round to validate the trade? e.g. should it cross the 35 then the 50 to trigger the entry? I've noticed a couple of times when the ma's are playing catch up that they can be the wrong way round. I hope that makes sense.
OK thanks.
  • #21,435
  • Aug 6, 2009 10:55am Aug 6, 2009 10:55am
1H GU Interesting 200ma and support at 6680 area.
Attached Image (click to enlarge)
Click to Enlarge Name: gu_1hgif.gif Size: 32 KB
Ghost Rider - WWTBMD?
  • #21,436
  • Aug 6, 2009 11:01am Aug 6, 2009 11:01am
Quoting eohater
My longs have been closed out, shorts just booked more profit, SL has been moved to 6960 of my remaining position.
EO, do you have two accounts or one you can hedge with. I notice you have both longs and shorts going. I'm with IBFX, no hedging allowed...lol
Ghost Rider - WWTBMD?
  • #21,437
  • Aug 6, 2009 11:02am Aug 6, 2009 11:02am
Hi Everyone!

What is your S3 David? My is at 6770...I went long at this price, and this flat H4
  • #21,438
  • Aug 6, 2009 11:03am Aug 6, 2009 11:03am
Time for lunch for me. I have PO set at 6750 w/ SL at 6720.

Trade well guys, see everyone in about an hour.
Just digging in the trenches like everyone else!
  • #21,439
  • Aug 6, 2009 11:04am Aug 6, 2009 11:04am
Quoting albchr
EO, do you have two accounts or one you can hedge with. I notice you have both longs and shorts going. I'm with IBFX, no hedging allowed...lol
I have three accounts as of this week. I've never hedged in my life bro. I'll take the loss and move on to the next trade.
Just digging in the trenches like everyone else!
  • #21,440
  • Aug 6, 2009 11:06am Aug 6, 2009 11:06am
Quoting eohater
Time for lunch for me. I have PO set at 6750 w/ SL at 6720.

Trade well guys, see everyone in about an hour.
Enjoy your lunch EO!
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