Trade what you see NOT what you expect | Page 1132 | Forex Factory

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Trade what you see NOT what you expect

  • #22,621
  • Aug 13, 2009 11:15am Aug 13, 2009 11:15am
I took short at 6591..
  • #22,622
  • Aug 13, 2009 11:18am Aug 13, 2009 11:18am
Quoting eohater
Here's the h4 chart I was referring to
What an excellent teaching กกก

Thanks bro
"Even A Thousand Mile Journey Begins with the First Step"
  • #22,623
  • Aug 13, 2009 11:27am Aug 13, 2009 11:27am
Would this be because it is the opening price of previous H4 candle (Ask price) ????????



Quoting eohater
That's where I would like to see, 6608 is actually what I have my eye on to be exact.
  • #22,624
  • Aug 13, 2009 11:27am Aug 13, 2009 11:27am
Quoting eohater
That's where I would like to see, 6608 is actually what I have my eye on to be exact.
I see where your eye is.... 4h 50ema ~1.6606

Dr. D.
Attached Image (click to enlarge)
Click to Enlarge Name: 4h 50 ema 1.6606.gif Size: 21 KB
  • #22,625
  • Aug 13, 2009 11:30am Aug 13, 2009 11:30am
That makes more sense Dr D


Quoting fourxtrader
I see where your eye is....

Dr. D.
  • #22,626
  • Aug 13, 2009 11:31am Aug 13, 2009 11:31am
Quoting robgsxr
Would this be because it is the opening price of previous H4 candle (Ask price) ????????

Quoting fourxtrader
I see where your eye is.... 4h 50ema ~1.6606

Dr. D.
Your both right!
Just digging in the trenches like everyone else!
  • #22,627
  • Aug 13, 2009 11:33am Aug 13, 2009 11:33am
I have to say, I'm really enjoying having 3 accounts. I wish I would have done this a long time ago.
Just digging in the trenches like everyone else!
  • #22,628
  • Aug 13, 2009 11:33am Aug 13, 2009 11:33am
Would you long the 1hr EMA62 in GU? 100MA confluence.

tdeu
  • #22,629
  • Aug 13, 2009 11:35am Aug 13, 2009 11:35am
While we're in a lag and I'm kicking myself for not putting on a partial position short at the turn o the h4. I would like to again, invite our 12 guests today to take the time and join Forex Factory. It's easy to do! Plus, we'd like to hear what you have to say.

Trade well!
Just digging in the trenches like everyone else!
  • #22,630
  • Aug 13, 2009 11:36am Aug 13, 2009 11:36am
Quoting eohater
I have to say, I'm really enjoying having 3 accounts. I wish I would have done this a long time ago.
do you mean that because you have 3 different broker times?
meine augen sind die sterne
  • #22,631
  • Aug 13, 2009 11:36am Aug 13, 2009 11:36am
Quoting tdeu
Would you long the 1hr EMA62 in GU? 100MA confluence.

tdeu
I've got my eye on it for sure!
Just digging in the trenches like everyone else!
  • #22,632
  • Aug 13, 2009 11:38am Aug 13, 2009 11:38am
Quoting aserbfx
do you mean that because you have 3 different broker times?
No, I mean it because I have a long position still on gu, I have a short position on gu and I have the option of intraday trading her still without messing with my other positions. My short position has been in flight since last week and my long position was just put on yesterday when we had the magnificant cross of the m15 35/50 during the FOMC noise.
Just digging in the trenches like everyone else!
  • #22,633
  • Aug 13, 2009 11:41am Aug 13, 2009 11:41am
bottom of this highly questionable 4h channel would coincide with a 1h 62ema bounce

Attached Image (click to enlarge)
Click to Enlarge Name: 4h.JPG Size: 132 KB
'The past will always show us the future'
  • #22,634
  • Aug 13, 2009 11:44am Aug 13, 2009 11:44am
looks to me like we could be in for some good down side movement tomorrow or next week as it seems we've had a corrective abc move up after the big fall from 170 combined with some bearish reversal 4h candles at the 38.2% of that fall
'The past will always show us the future'
  • #22,635
  • Aug 13, 2009 11:47am Aug 13, 2009 11:47am
ej, H4 what i see, if we draw one horizontal line at the area of psych levels 136, we can see that this line hold some candles, bounce or break.....im short already but let we see the reaction on this support.
Trade with the momentum
  • #22,636
  • Aug 13, 2009 11:48am Aug 13, 2009 11:48am
Quoting terje
looks to me like we could be in for some good down side movement tomorrow or next week as it seems we've had a corrective abc move up after the big fall from 170 combined with some bearish reversal 4h candles at the 38.2% of that fall
Go to the bigger picture though, notice how we keep jumping off the 643x area? Do you know why? It's the 38.2% retrace mark of the fall from 2.116 -1.3499. I can see the week finishing right about this price, then next week going back up to test the bottom of the pin we got from last week and possibly higher. I have a weekly trendline that it falls right in line with as well.
Just digging in the trenches like everyone else!
  • #22,637
  • Aug 13, 2009 11:52am Aug 13, 2009 11:52am
Quoting robgsxr
That makes more sense Dr D
Thanks,

Just trying to follow and understand the plan and learn
the relationships of MA's, PA and candlestick patterns.

I appreciated EO's comment that 'both are important'.

Dr. D.
  • #22,638
  • Aug 13, 2009 11:56am Aug 13, 2009 11:56am
Hi Guys,

Did we go below 1 pip the H1 tweezers on your chart?
In mine i went below it...
  • #22,639
  • Aug 13, 2009 11:57am Aug 13, 2009 11:57am
Time for some lunch for me guys! I think my spine is eating my stomach. I'll be back in about an hour!
Just digging in the trenches like everyone else!
  • #22,640
  • Aug 13, 2009 11:57am Aug 13, 2009 11:57am
Quoting eohater
Go to the bigger picture though, notice how we keep jumping off the 643x area? Do you know why? It's the 38.2% retrace mark of the fall from 2.116 -1.3499. I can see the week finishing right about this price, then next week going back up to test the bottom of the pin we got from last week and possibly higher. I have a weekly trendline that it falls right in line with as well.
man that is some nice detail. Thanks very much. I'd forgotten the monthly is still quite bullish
'The past will always show us the future'
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