Trade what you see NOT what you expect | Page 1160 | 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

  • #23,181
  • Aug 18, 2009 11:10am Aug 18, 2009 11:10am
Quoting stewrigh
Haven't posted or even read FF for a while, but good to see nothing changes..... The trend is still up and everyone's still trying to pick a top LOL...
Yea, haven't heard much from ya during that 730 pip drop since the 6th...LOL

How ya been buddy?
Ghost Rider - WWTBMD?
  • #23,182
  • Aug 18, 2009 11:12am Aug 18, 2009 11:12am
I would never dream of telling any of you what to do but EU is just about the to break the 200 on the 4H if she does break we will see more upside on GU
  • #23,183
  • Aug 18, 2009 11:15am Aug 18, 2009 11:15am
davids thats funny!!!http://www.freesmileys.org/smileys/s...aughing001.gif
  • #23,184
  • Aug 18, 2009 11:16am Aug 18, 2009 11:16am
Why persist in this myth that EU has anything to do with cable? We're trading pound/dollar. Any wish to see behind-the-scenes can be done by viewing separate pound and dollar charts, not a separate currency pair.
'The past will always show us the future'
  • #23,185
  • Aug 18, 2009 11:19am Aug 18, 2009 11:19am
Quoting wmloto
Hi All, now, am i right in thinking it will drop now? Cos that is what I am thinking tia

....... no then
don't gamble. There's no reversal candle on 1h, 4h or 15m yet, and the moving averages are mostly supportive
'The past will always show us the future'
  • #23,186
  • Aug 18, 2009 11:23am Aug 18, 2009 11:23am
Im still waiting an opportunity to trade... Yet any clear trigger for me
"Even A Thousand Mile Journey Begins with the First Step"
  • #23,187
  • Aug 18, 2009 11:25am Aug 18, 2009 11:25am
Quote
Why persist in this myth that EU has anything to do with cable? We're trading pound/dollar

theres thisa little thing called correlation ever heard of it?
  • #23,188
  • Aug 18, 2009 11:26am Aug 18, 2009 11:26am
Quoting albchr
Yea, haven't heard much from ya during that 730 pip drop since the 6th...LOL

How ya been buddy?

I'm good how bout you - still raking in the pips??
  • #23,189
  • Aug 18, 2009 11:29am Aug 18, 2009 11:29am
Quoting terje
Why persist in this myth that EU has anything to do with cable? We're trading pound/dollar. Any wish to see behind-the-scenes can be done by viewing separate pound and dollar charts, not a separate currency pair.
Firstly this is not a myth there correlations between currencies and GU and EU move in tandem

http://www.mataf.net/en/tools/correlation-table
  • #23,190
  • Aug 18, 2009 11:31am Aug 18, 2009 11:31am
I hope this top holds .. taking along time to drop though I wouldn't object to someone giving her little nudge..



http://amog.com/wp-content/uploads/2...-jumping11.jpg
Good Trading To All ; Ken Lee
  • #23,191
  • Aug 18, 2009 11:33am Aug 18, 2009 11:33am
davids nice website. it is always helpful to see whats going on globally and amongst the other pairs.

there is well known correlations and negative correlations. the most popular being the eurusd and usdchf which 99.9% of forex traders know of
  • #23,192
  • Aug 18, 2009 11:34am Aug 18, 2009 11:34am
Quoting davids
Firstly this is not a myth there correlations between currencies and GU and EU move in tandem
thanks I'm aware of the link.

They move in tandem to a small extent only -- take today (among hundreds of days) as an example. Whilst EU limps upwards we have cable flying. A mere glance at separate dollar / euro / pound charts will show you why -- dollar retracing mildly, euro showing hardly any strength, yet pound flying like a rocket off support. No correlative mystery there.
'The past will always show us the future'
  • #23,193
  • Aug 18, 2009 11:35am Aug 18, 2009 11:35am
Quoting johnnykanoo
davids nice website. it is always helpful to see whats going on globally and amongst the other pairs.

there is well known correlations and negative correlations. the most popular being the eurusd and usdchf which 99.9% of forex traders know of
Glad to be of help
  • #23,194
  • Aug 18, 2009 11:36am Aug 18, 2009 11:36am
there has been 6 attempts to break this level,and was succesful only once ,BUT was turned BACK,back below the same level....
I guess this will be the LINE in the SAND......
take care and trade safe..

baz

opps forgot chartGBP_USD Spot.png
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Spot.png Size: 12 KB
  • #23,195
  • Aug 18, 2009 11:36am Aug 18, 2009 11:36am
Quoting davids
Firstly this is not a myth there correlations between currencies and GU and EU move in tandem

http://www.mataf.net/en/tools/correlation-table

Here ..
Attached Image (click to enlarge)
Click to Enlarge Name: gpdusdmisc.JPG Size: 276 KB
Good Trading To All ; Ken Lee
  • #23,196
  • Aug 18, 2009 11:39am Aug 18, 2009 11:39am
Quoting baz
there has been 6 attempts to break this level,and was succesful only once ,BUT was turned BACK,back below the same level....
I guess this will be the LINE in the SAND......
take care and trade safe..

baz

opps forgot chartGBP_USD Spot.png

Thanks Baz.. Nice Chart..
Good Trading To All ; Ken Lee
  • #23,197
  • Aug 18, 2009 11:40am Aug 18, 2009 11:40am
Quoting stewrigh
I'm good how bout you - still raking in the pips??
Win some, loose some. You know...lol

Today has been rather tough on me due to being silly but still up overall for the week.

How about you?
Ghost Rider - WWTBMD?
  • #23,198
  • Aug 18, 2009 11:41am Aug 18, 2009 11:41am
I am seeing a retest of that 4h broken tl she plowed through today. I would not be surprised to see a bounce up off the 6530 area.

If i take anymore trades today i am keeping a very tight stop.......as usual.
  • #23,199
  • Aug 18, 2009 11:42am Aug 18, 2009 11:42am
Hi Terje - no, took my usual position of sitting on the fence. I have patience and emotion by the bucket load. Now which one do I get rid of!
Sleeping boys catch no fish
  • #23,200
  • Aug 18, 2009 11:42am Aug 18, 2009 11:42am
Quoting KENNETH lEE
Here ..
well then you might as well just place trades on cable and eu at the same time
'The past will always show us the future'
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