Trade what you see NOT what you expect | Page 1122 | Forex Factory

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Trade what you see NOT what you expect

  • #22,421
  • Aug 12, 2009 1:25pm Aug 12, 2009 1:25pm
I shorted from 1.6502 trailing stop hit for +35 pips.....still learning how to trade
  • #22,422
  • Aug 12, 2009 1:27pm Aug 12, 2009 1:27pm
Quoting eohater
I freakin hope somebody was short in here!
No way...LOL waiting for the dust to settle myself and I'm thinking long...lol
Ghost Rider - WWTBMD?
  • #22,423
  • Aug 12, 2009 1:27pm Aug 12, 2009 1:27pm
Quoting hiflyer
I shorted from 1.6502 trailing stop hit for +35 pips.....still learning how to trade
I hope you have covered yourself
Please ask questions and share your experiences with us all!
  • #22,424
  • Aug 12, 2009 1:28pm Aug 12, 2009 1:28pm
Quoting eohater
I freakin hope somebody was short in here!
ishorted 16540 off fomc covered half for 80ticks fast and furious


have to love the fed
Trading is 80% Emotional, 20% Technical
  • #22,425
  • Aug 12, 2009 1:31pm Aug 12, 2009 1:31pm
Quoting bkg102665
I hope you have covered yourself
yes I have covered my position
  • #22,426
  • Aug 12, 2009 1:37pm Aug 12, 2009 1:37pm
I am long at 1.6440 and I know am hoping to get covered in the green!!!!
Please ask questions and share your experiences with us all!
  • #22,427
  • Aug 12, 2009 1:37pm Aug 12, 2009 1:37pm
Did anyone else play the 35/50 cross and reverse?

I've booked 20 and covered at BE
Just digging in the trenches like everyone else!
  • #22,428
  • Aug 12, 2009 1:40pm Aug 12, 2009 1:40pm
Quoting eohater
Did anyone else play the 35/50 cross and reverse?

I've booked 20 and covered at BE
So you're saying that when they crossed, you went long?
Ghost Rider - WWTBMD?
  • #22,429
  • Aug 12, 2009 1:41pm Aug 12, 2009 1:41pm
Quoting eohater
Did anyone else play the 35/50 cross and reverse?

I've booked 20 and covered at BE
I took it but was'nt sure if it qualified with such a large candle and how far it came through.
  • #22,430
  • Aug 12, 2009 1:41pm Aug 12, 2009 1:41pm
Quoting eohater
I freakin hope somebody was short in here!
i was short without even realisng the news were out it came 5-6 pips near my stop and then spreads went from 3.5 to 15pips and it took me right out of trade
  • #22,431
  • Aug 12, 2009 1:47pm Aug 12, 2009 1:47pm
Anybody think we are headed back to the top and beyond?
Please ask questions and share your experiences with us all!
  • #22,432
  • Aug 12, 2009 1:49pm Aug 12, 2009 1:49pm
Quoting Dirrall
I took it but was'nt sure if it qualified with such a large candle and how far it came through.

Booked 30 stop to +20
  • #22,433
  • Aug 12, 2009 1:49pm Aug 12, 2009 1:49pm
Quoting eohater
Did anyone else play the 35/50 cross and reverse?

I've booked 20 and covered at BE
I went long at the trendline as I figured it would bounce. ...but, what is the usual target for the 35 / 50 cross and reverse?
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  • #22,434
  • Aug 12, 2009 1:52pm Aug 12, 2009 1:52pm
Quoting albchr
So you're saying that when they crossed, you went long?
EO played the 35/50 cross and reverse. Basically if the candle goes through the 35 and the 50ma on the 15min chart, which that giant of a candle did, it will "usually" turn around at the close of the candle (or close to it). I think I remember from the pdf that EO uses a 35 pip stop loss from the top of the wick.
  • #22,435
  • Aug 12, 2009 1:56pm Aug 12, 2009 1:56pm
Now this is just absolutely awesome.
  • #22,436
  • Aug 12, 2009 1:58pm Aug 12, 2009 1:58pm
looks like going to be bullish hourly close
  • #22,437
  • Aug 12, 2009 2:00pm Aug 12, 2009 2:00pm
Quoting luckylady
EO played the 35/50 cross and reverse. Basically if the candle goes through the 35 and the 50ma on the 15min chart, which that giant of a candle did, it will "usually" turn around at the close of the candle (or close to it). I think I remember from the pdf that EO uses a 35 pip stop loss from the top of the wick.
Thank you luckyLady....
Ghost Rider - WWTBMD?
  • #22,438
  • Aug 12, 2009 2:03pm Aug 12, 2009 2:03pm
Question here for you guys, if this 4 hour candle which closes in one hour closes below 1.6525 would we be thinking short? If it closed as it is now it sure looks short signal to me!!!

I am up 65 pips now and do not want to give it back to this bitch!!
Please ask questions and share your experiences with us all!
  • #22,439
  • Aug 12, 2009 2:04pm Aug 12, 2009 2:04pm
Quoting luckylady
EO played the 35/50 cross and reverse. Basically if the candle goes through the 35 and the 50ma on the 15min chart, which that giant of a candle did, it will "usually" turn around at the close of the candle (or close to it). I think I remember from the pdf that EO uses a 35 pip stop loss from the top of the wick.
Exactly! You have to wait until the candle closes through the 35/50, then on the next candle go against the direction of the candle. In this case, it was long.
Just digging in the trenches like everyone else!
  • #22,440
  • Aug 12, 2009 2:04pm Aug 12, 2009 2:04pm
Quoting bkg102665
Question here for you guys, if this 4 hour candle which closes in one hour closes below 1.6525 would we be thinking short? If it closed as it is now it sure looks short signal to me!!!
Yes, if we get the h4 close below 6525, it keeps us within the range and she'll continue back south.
Just digging in the trenches like everyone else!
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