Trade what you see NOT what you expect | Page 1148 | Forex Factory

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Trade what you see NOT what you expect

  • #22,941
  • Aug 17, 2009 9:22am Aug 17, 2009 9:22am
[quote=eohater;2961068]I was waiting for that question from someone. Notice how the price on the 2nd h1 did go higher by 1 pip? This kinda invalidates the tweezer tops if you get down to the details. I know it's only 1 pip, but
I did notice that but was not sure about the 1 pip difference
Please ask questions and share your experiences with us all!
  • #22,942
  • Aug 17, 2009 9:24am Aug 17, 2009 9:24am
Quoting PippiNole
I need to remember to turn my web cam off next time.


Alcando...the pros are driving stocks down so they can drive them back up later.

Welcome back! Wish i was in Tuscany!
  • #22,943
  • Aug 17, 2009 9:24am Aug 17, 2009 9:24am
Quoting bkg102665
I did notice that but was not sure about the 1 pip difference
Not that they won't play out for more downward pressure, but we have had one hell of a sell off since the open yesterday's open.

We're just at a key point, neither the bulls nor the bears want to run with it, as soon as they decide, we will all know.
Just digging in the trenches like everyone else!
  • #22,944
  • Aug 17, 2009 9:31am Aug 17, 2009 9:31am
Quoting eohater
Not that they won't play out for more downward pressure, but we have had one hell of a sell off since the open yesterday's open.

We're just at a key point, neither the bulls nor the bears want to run with it, as soon as they decide, we will all know.
Looking at the mistress looks like the last 2 hourly closes were a perfect tweezer dbhlc
Please ask questions and share your experiences with us all!
  • #22,945
  • Aug 17, 2009 9:32am Aug 17, 2009 9:32am
Quoting bkg102665
I did notice that but was not sure about the 1 pip difference
Here's something that I've been noticing, (assuming tweezers on top to push price back down) when the 1st candle of tweezers is higher by a pip or 2 it doesn't have a negative effect on the setup, but when the 2nd candle of the tweezers is higher by a pip or 2, it does have more of a negative effect on the setup.
Just digging in the trenches like everyone else!
  • #22,946
  • Aug 17, 2009 9:33am Aug 17, 2009 9:33am
Quoting eohater
I was waiting for that question from someone. Notice how the price on the 2nd h1 did go higher by 1 pip? This kinda invalidates the tweezer tops if you get to the details. I know it's only 1 pip, but sometimes, that 1 pip can throw a monkey into the whole situation.
I did ask the question earlier showing this 1h chart.
"What constitutes a tweezer formation?"

Now I have my answer.

Is 'tweezer' a PA term?

Dr. D.
Attached Image
  • #22,947
  • Aug 17, 2009 9:33am Aug 17, 2009 9:33am
Quoting eohater
Morning brother!

You still short on EU from last week?
Morning bro! Yeah ... I was stopped out of the original trade that I took but got in again at almost the same price with stop above the same tweezers... I just closed most of it at 4050...near the daily 50ema.. this was what I was eyeing from last week...
Attached Images
Patience + Discipline - Greed = Success
  • #22,948
  • Aug 17, 2009 9:33am Aug 17, 2009 9:33am
Me too. Might get my wife a job out there .. or anyplace warm, and move my desk out there. May as well trade with a view of the sea and live cheap than live with a panoramic view of brown brick and old Brown nose as PM.

Not sure they wann drive these back up till the close if at all. It seems someone finally got it thru to the porsche club that things are not so rosy down here in the trenches. Tough to see thru diamond crusted sunnies tho.

keep buying 6280ish support and getting same score... not much demand for King's ol lady.

Quoting Shilva


Alcando...the pros are driving stocks down so they can drive them back up later.

Welcome back! Wish i was in Tuscany!
Ride the Bulls bearback!
  • #22,949
  • Aug 17, 2009 9:37am Aug 17, 2009 9:37am
Quoting eohater
Here's something that I've been noticing, (assuming tweezers on top to push price back down) when the 1st candle of tweezers is higher by a pip or 2 it doesn't have a negative effect on the setup, but when the 2nd candle of the tweezers is higher by a pip or 2, it does have more of a negative effect on the setup.
That makes sense to me and will being watching for that
Please ask questions and share your experiences with us all!
  • #22,950
  • Aug 17, 2009 9:37am Aug 17, 2009 9:37am
Quoting bkg102665
Looking at the mistress looks like the last 2 hourly closes were a perfect tweezer dbhlc
In deed they were, thus why the working h1 candle opened and has went down since opening. Now, look a little further left and notice the dblhc. Battle between the two now.
Just digging in the trenches like everyone else!
  • #22,951
  • Aug 17, 2009 9:37am Aug 17, 2009 9:37am
Quoting fourxtrader
I did ask the question earlier showing this 1h chart.
"What constitutes a tweezer formation?"

Now I have my answer.

Is twezer a PA term?

Dr. D.
The circled areas are examples...
Attached Image
Patience + Discipline - Greed = Success
  • #22,952
  • Aug 17, 2009 9:38am Aug 17, 2009 9:38am
Is the m15 21ema a logical area to short. or somewhere between the 10 and 21 ma's
  • #22,953
  • Aug 17, 2009 9:41am Aug 17, 2009 9:41am
Quoting Infinity
Morning bro! Yeah ... I was stopped out of the original trade that I took but got in again at almost the same price with stop above the same tweezers... I just closed most of it at 4050...near the daily 50ema.. this was what I was eyeing from last week...
Outstanding!
Just digging in the trenches like everyone else!
  • #22,954
  • Aug 17, 2009 9:46am Aug 17, 2009 9:46am
Quoting eohater
Outstanding!
Thanks bro! Did you take a long on mrs cable.... I took one off the double bottom and covered atm...my price is 84... looking for m15 50s..first.
Patience + Discipline - Greed = Success
  • #22,955
  • Aug 17, 2009 9:47am Aug 17, 2009 9:47am
Quoting alcando
Me too. Might get my wife a job out there .. or anyplace warm, and move my desk out there. May as well trade with a view of the sea and live cheap than live with a panoramic view of brown brick and old Brown nose as PM.

Not sure they wann drive these back up till the close if at all. It seems someone finally got it thru to the porsche club that things are not so rosy down here in the trenches. Tough to see thru diamond crusted sunnies tho.

keep buying 6280ish support and getting same score... not much demand for King's ol lady.
Lucy in the sky with diamonds....they forgot they already knew how many holes it takes to fill the Albert Hall!

They all been tripping!
  • #22,956
  • Aug 17, 2009 9:50am Aug 17, 2009 9:50am
Quoting Infinity
Thanks bro! Did you take a long on mrs cable.... I took one off the double bottom and covered atm...my price is 84... looking for m15 50s..first.
You know I did, but you got me by 2 pips. I've played now twice long from 86. Once earlier this morning and again a little bit ago. I've booked some pippage and covered as well. The 50's are in my eye as well.
Just digging in the trenches like everyone else!
  • #22,957
  • Aug 17, 2009 9:53am Aug 17, 2009 9:53am
Caution to whoever might follow this, I've taken a long position on the mistress at 132.88, SL at 132.68
Just digging in the trenches like everyone else!
  • #22,958
  • Aug 17, 2009 9:53am Aug 17, 2009 9:53am
Quoting eohater
You know I did, but you got me by 2 pips. I've played now twice long from 86. Once earlier this morning and again a little bit ago. I've booked some pippage and covered as well. The 50's are in my eye as well.
Good job bro!...let's see that 50!
Patience + Discipline - Greed = Success
  • #22,959
  • Aug 17, 2009 9:55am Aug 17, 2009 9:55am
next 5 mins will be crucial for longs... would like to see a hammer on h1...
Patience + Discipline - Greed = Success
  • #22,960
  • Aug 17, 2009 9:59am Aug 17, 2009 9:59am
Quoting Infinity
next 5 mins will be crucial for longs... would like to see a hammer on h1...
We're looking for the same thing bro!
Just digging in the trenches like everyone else!
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