Trade what you see NOT what you expect | Page 1230 | Forex Factory

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Trade what you see NOT what you expect

  • #24,581
  • Aug 28, 2009 8:29am Aug 28, 2009 8:29am
Catcha later

Quoting eohater
Spot on!
  • #24,582
  • Aug 28, 2009 8:31am Aug 28, 2009 8:31am
Quoting amiro
Hi EO
Thats where I uasuley go wrong,when I see a hammer pin just like the one on 1hr chart,I automaticlay reverse my position,and then I wounder why it didn't workout.
I know I've got a lot to learn from you masteroes,
Meanwhile I like to thank you and everyonellse for the help you give us newbies.

Thanks
If the h1 closed above the h1 10 and was a bullish pin/hammer, I would have reversed. But it closed as a bearish pin still under the prior h1 candle. Now, don't think I will not buy these, I will, but I like for price to come down on them first keeping my higher TF in eye. I've already said what I'm looking at on the h4 that closed in 30m, that would invalidate a long position for me if we get it.
Just digging in the trenches like everyone else!
  • #24,583
  • Aug 28, 2009 8:31am Aug 28, 2009 8:31am
Inserted Video
  • #24,584
  • Aug 28, 2009 8:31am Aug 28, 2009 8:31am
we seem to be stuck getting past the 50 maybe we need bob
  • #24,585
  • Aug 28, 2009 8:32am Aug 28, 2009 8:32am
Quoting robgsxr
Catcha later
Have a great weekend!
Just digging in the trenches like everyone else!
  • #24,586
  • Aug 28, 2009 8:34am Aug 28, 2009 8:34am
More easy listening for those who play with the Mrs. and Mistress

Inserted Video
Just digging in the trenches like everyone else!
  • #24,587
  • Aug 28, 2009 8:35am Aug 28, 2009 8:35am
Inserted Video
  • #24,588
  • Aug 28, 2009 8:36am Aug 28, 2009 8:36am
I've gotta run guys!

Cover your positions and have a great weekend!
Just digging in the trenches like everyone else!
  • #24,589
  • Aug 28, 2009 8:37am Aug 28, 2009 8:37am
Quoting eohater
I've gotta run guys!

Cover your positions and have a great weekend!
cheers Mate
  • #24,590
  • Aug 28, 2009 8:37am Aug 28, 2009 8:37am
Quoting eohater
More easy listening for those who play with the Mrs. and Mistress

http://www.youtube.com/watch?v=TZ62jmdjVDk
  • #24,591
  • Aug 28, 2009 8:38am Aug 28, 2009 8:38am
Quoting eohater
I've gotta run guys!

Cover your positions and have a great weekend!
Have a great weekend.
  • #24,592
  • Aug 28, 2009 9:08am Aug 28, 2009 9:08am
Hi Guys.

What do you think of the last 1hr pin,witch closed higher than the previose one.

Do you rekon the price might retrace back 16370s again.

Appreciat your inputs.
  • #24,593
  • Aug 28, 2009 11:02am Aug 28, 2009 11:02am
Quoting amiro
Hi Guys.

What do you think of the last 1hr pin,witch closed higher than the previose one.

Do you rekon the price might retrace back 16370s again.

Appreciat your inputs.
It's Friday, anything's possible.

I'll probably be a buyer at 6275.
Hi, my name is Barry and you can keep your doctor...
  • #24,594
  • Aug 28, 2009 11:57am Aug 28, 2009 11:57am
I hope and pray that many of you capitalized on the movements today. All were textbook setups in my review. The morning breakout being one, the restest later in the day of the breakout bottom's price being two, the DBHLC on the h4 being three, the bounce off the m15 200/h1 50 being four.

I hope everyone has had a great week and I hope everyone has a great weekend! I'm going to party like a rockstar myself!
Just digging in the trenches like everyone else!
  • #24,595
  • Aug 28, 2009 12:07pm Aug 28, 2009 12:07pm
Quoting amiro
Hi Guys.

What do you think of the last 1hr pin,witch closed higher than the previose one.

Do you rekon the price might retrace back 16370s again.

Appreciat your inputs.
As you can see what price has done since the h1 candle you have questioned. I would like for you to review that h1 candle and understand why it did not send price back up into 637x's again. When you compare it to the prior h1 candle, you will see that your pin (inverted) did go lower than the prior h1. Secondly, it closed bearish, not bullish. These two factors take out the DBLHC thought. As well, the higher upper wick of your inverted pin showed the strength of the sellers with how it closed. If it did not go lower than the prior h1 candle and it closed bullish, I would say it has potential to go back up there. However, look at your h4 setup as well. We were presented with a DBHLC which supported this movement downard that we've experienced. So, please compile all these factors together and you'll see why price did what it did.

Have a great weekend!
Just digging in the trenches like everyone else!
  • #24,596
  • Aug 28, 2009 12:11pm Aug 28, 2009 12:11pm
Last price point for the day. PippiNole and I were talking earlier and I already told him where I saw price closing today. My thought is 6296-6286. I told Pippi 6296 originally, but after reviewing our prior day, and our fall we had to 625x, I can see the 6286 as the price we'll close out at.

PLEASE, IF ANYONE TAKES A POSITION ON THESE PRICES I'VE JUST PUT UP, YOUR DOING IT WITHOUT UNDERSTANDING WHY I'VE SAID PRICE WILL BE HERE BY END OF DAY. I DO NOT RECOMMEND ANYONE TAKING A POSITION RIGHT NOW TARGETING THESE PRICE LEVELS.
Just digging in the trenches like everyone else!
  • #24,597
  • Aug 28, 2009 12:19pm Aug 28, 2009 12:19pm
Quoting eohater
Last price point for the day. PippiNole and I were talking earlier and I already told him where I saw price closing today. My thought is 6296-6286. I told Pippi 6296 originally, but after reviewing our prior day, and our fall we had to 625x, I can see the 6286 as the price we'll close out at.

PLEASE, IF ANYONE TAKES A POSITION ON THESE PRICES I'VE JUST PUT UP, YOUR DOING IT WITHOUT UNDERSTANDING WHY I'VE SAID PRICE WILL BE HERE BY END OF DAY. I DO NOT RECOMMEND ANYONE TAKING A POSITION RIGHT NOW TARGETING THESE PRICE LEVELS.
have an awesome weekend eo, thanks for all the effort you put into this thread truly awesome man
  • #24,598
  • Aug 28, 2009 12:20pm Aug 28, 2009 12:20pm
Quoting lazyboy
have an awesome weekend eo, thanks for all the effort you put into this thread truly awesome man
Thank you! Did you make money today or were you atleast profitable for the week?
Just digging in the trenches like everyone else!
  • #24,599
  • Aug 28, 2009 12:40pm Aug 28, 2009 12:40pm
Quoting eohater
Thank you! Did you make money today or were you atleast profitable for the week?
Yeah nothing today as was out doing stuff all day but made a nice 120 on cable yesterday as posted in the thread. Still learning the setups but really like the h1 62 ema touch with confirming candles in the m15.
  • #24,600
  • Aug 28, 2009 12:42pm Aug 28, 2009 12:42pm
Quoting lazyboy
Yeah nothing today as was out doing stuff all day but made a nice 120 on cable yesterday as posted in the thread. Still learning the setups but really like the h1 62 ema touch with confirming candles in the m15.
Good job on the pippage!

There are numerous setups that we use. Find the ones you like best and apply them as you grow with the system.
Just digging in the trenches like everyone else!
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