Trade what you see NOT what you expect | Page 1135 | Forex Factory

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Why did you start trading and what do you expect from it? 19 replies

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Trade what you see NOT what you expect

  • #22,681
  • Aug 13, 2009 3:15pm Aug 13, 2009 3:15pm
Quoting fourxtrader
I've traded stocks and forex during the past
10 years and have been most interested
in Japanese Candlestick chart patterns for
trading. They haven't been as useful alone in
the forex like the stock market but I have never
seen anything as extreme like this pattern that
[color=blue][i]showed...

No longer an anomaly.... now the norm!

So also may be..... 'sleepinginadumpster'.

Dr. D.
  • #22,682
  • Aug 13, 2009 3:28pm Aug 13, 2009 3:28pm
Quoting lexazver
for some reason i feel that unless we see fall today in US indices and rise in dollar we will see it tomorrow.

just a feeling but i smell sell off
in the $ it is quite likely as it broke out of a 4h down channel and is now testing 61.8 of the recent strong rise. So maybe some down action tomorrow in cable....However $ still has work to do to break out of a much larger daily down channel
'The past will always show us the future'
  • #22,683
  • Aug 13, 2009 3:51pm Aug 13, 2009 3:51pm
Quoting swede5150
Hi Guys

Long time lurker, long time learner.
I have noticed through reading the thread (as opposed to that other one) a reference to stocks in relation to how it helps to hold and drop the price on cable ( I hope that make sense), can someone please point me towards the relevant one, is it the S&P or the DJI. Any help would be great and if you could, do you know what the symbol is for it on metatrader. I am using SigTrader as a broker if that helps.

Thanks again for all your help and hope to become more of a poster than a lurker.

Wayne - UK...
That would be the Dow Jones and on the SigTrader it is towards the bottom of symbols #DJI.XDJ.....however, as someone mentioned a few days ago...gbpusd has not been totally in tune with it and this, as i understand it, has to do with the shift that is happening right now between the dollar trading based on risk aversion or the old traditional fundamentals. Before all our current financial mess, good news for the us was good news for dollar, then, with risk aversion coming into place, it was the total opposite. I just read an excellent posting by Kathy Lien where she explains that the shift to trading back on fundamentals looks like is beginning to take place.

I hope this helps....RAQUENEL
  • #22,684
  • Aug 13, 2009 3:59pm Aug 13, 2009 3:59pm
Dr D

I have only known forex trading but seeing these ridiculous swings periodically for three years I can only say it really does seem the norm

On your other quip.. I can only hope sleeping in a dumpster is not and does not ever become a reality, for you nor anyone else on this thread.
My wife really did have to sleep on the beach in miami for some time before we met and I wish it upon know one.
I hope nothing bad is afront

Rob



Quoting fourxtrader
No longer an anomaly.... now the norm!

So also may be..... 'sleepinginadumpster'.

Dr. D.
  • #22,685
  • Aug 13, 2009 4:10pm Aug 13, 2009 4:10pm
RT4X

Great explanation and I thank you for taking the time to reply.
This truly is the place to learn to trade.

Helps a great deal, thanks again

Wayne
  • #22,686
  • Aug 13, 2009 4:42pm Aug 13, 2009 4:42pm
Quoting swede5150
RT4X

Great explanation and I thank you for taking the time to reply.
This truly is the place to learn to trade.

Helps a great deal, thanks again

Wayne
Glad could be of help...
  • #22,687
  • Aug 13, 2009 5:40pm Aug 13, 2009 5:40pm
Looks like trend line i posted earlier is breaking now but unfortunately we are in the sideways mode so wouldnt bet on it beeing a proper break.

http://www.forexfactory.com/showthre...13#post2953613
  • #22,688
  • Edited Aug 14, 2009 2:00am Aug 13, 2009 9:48pm | Edited Aug 14, 2009 2:00am
5 times the EJ has bounced down
off of the 1h 62ema.
(correction - 4 times)
On average of ~20-40+ pips potential @.

Dr. D.
Attached Image
  • #22,689
  • Aug 14, 2009 1:03am Aug 14, 2009 1:03am
argh I bloody well hate it when I miss the 62ema bounce while sleeping. This one was another perfect one with positive divergence on the 15m
'The past will always show us the future'
  • #22,690
  • Edited 1:09am Aug 14, 2009 1:07am | Edited 1:09am
Hi all,

im tryin to test this 35/50 im seeing..

got a short at .6584

tp .6560

but will take anythin on 70

as u see i have another short at 6544 but it seems a bad position.

any comment?
Attached Image (click to enlarge)
Click to Enlarge Name: testing.jpg Size: 46 KB
  • #22,691
  • Aug 14, 2009 1:12am Aug 14, 2009 1:12am
Hi all,

is this another 35/50 im seeing?

im not sure... if i should go at it
Attached Image (click to enlarge)
Click to Enlarge Name: testing2.jpg Size: 45 KB
  • #22,692
  • Aug 14, 2009 1:18am Aug 14, 2009 1:18am
Hi all..

Eo i think you still asleep..

im testing it again.. i guess im caught in the wave...>.<




well i guess it didnt play out this time. manage to close at be.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: testing 3.jpg Size: 47 KB
Click to Enlarge Name: testing4.jpg Size: 49 KB
  • #22,693
  • Aug 14, 2009 1:42am Aug 14, 2009 1:42am
I don't use the 35/50 but why the lower one didn't work is because of the 1h 62ema (and a 1h trendline pointing up) -- always pay attention to higher time frames (higher than 1h too). Looks like you got a nice return off the top short however. Well done
'The past will always show us the future'
  • #22,694
  • Aug 14, 2009 1:49am Aug 14, 2009 1:49am
Quoting junto
Hi all..

Eo i think you still asleep..

im testing it again.. i guess im caught in the wave...>.<




well i guess it didnt play out this time. manage to close at be.
The one really good 35/50 bounce was on the 5:45 GMT candle, went up through both MA's you should have put your sell in at the open of the 6:00 GMT candle and it went down fine, and I took some profit at + 20 and the rest at breakeven.
  • #22,695
  • Aug 14, 2009 2:30am Aug 14, 2009 2:30am
Quoting terje
I don't use the 35/50 but why the lower one didn't work is because of the 1h 62ema (and a 1h trendline pointing up) -- always pay attention to higher time frames (higher than 1h too). Looks like you got a nice return off the top short however. Well done
ya, u r right.. will take note more of higher tf. thx alot!


Quoting luckylady
The one really good 35/50 bounce was on the 5:45 GMT candle, went up through both MA's you should have put your sell in at the open of the 6:00 GMT candle and it went down fine, and I took some profit at + 20 and the rest at breakeven.
hmm... i need to adjust the timing on my chart. ok thx for tat and gj on ur trade.

happy trading all!
  • #22,696
  • Aug 14, 2009 6:59am Aug 14, 2009 6:59am
Morning, fellows

Here is GU 4H chart.
I put 2 Fibs on it, and it looks confusing to me.
Which one is going to play out?
Attached Image (click to enlarge)
Click to Enlarge Name: 4hrs.jpg Size: 124 KB
  • #22,697
  • Edited 7:33am Aug 14, 2009 7:20am | Edited 7:33am
Long on the eur/jpy from 135.60

Well that sure as hell did not work out as planned!!
Please ask questions and share your experiences with us all!
  • #22,698
  • Aug 14, 2009 7:53am Aug 14, 2009 7:53am
Quoting bkg102665
Long on the eur/jpy from 135.60

Well that sure as hell did not work out as planned!!
Good morning!

Just a thought to try and help out. In a down trend such as this you are safer taking your trade off the top. In this case the 50 ma's on the 15 min chart. I know why you took the trade where you did because it has been obvious support but it is going against the trend in a down ward forming wedge. Also it looks like you entered just prior to a substantial news announcement.
  • #22,699
  • Aug 14, 2009 7:57am Aug 14, 2009 7:57am
Quoting bkg102665
Long on the eur/jpy from 135.60

Well that sure as hell did not work out as planned!!
i will take a position soon also long, im looking for some support....
Trade with the momentum
  • #22,700
  • Aug 14, 2009 7:58am Aug 14, 2009 7:58am
Quoting PippiNole
Good morning!

Just a thought to try and help out. In a down trend such as this you are safer taking your trade off the top. In this case the 50 ma's on the 15 min chart. I know why you took the trade where you did because it has been obvious support but it is going against the trend in a down ward forming wedge. Also it looks like you entered just prior to a substantial news announcement.
Excellent advice Pippi!
Just digging in the trenches like everyone else!
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