Trade what you see NOT what you expect | Page 1239 | Forex Factory

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Trade what you see NOT what you expect

  • #24,761
  • Aug 31, 2009 10:17am Aug 31, 2009 10:17am
Quoting eohater
Double High Lower Close, Here's a nice example:
Based on your example, how do you determine the SL? 30 will take you out. How about the exit?
Great Bodies are Engineered not Born
  • #24,762
  • Aug 31, 2009 10:17am Aug 31, 2009 10:17am
Excellent responses, I'm going with the DBHLC myself. I rule out the tweezers since they both don't have long top wicks. I like my tweezers with long top wicks. But technically, it does fall into tweezers as well.
Just digging in the trenches like everyone else!
  • #24,763
  • Aug 31, 2009 10:19am Aug 31, 2009 10:19am
Quoting RichLadyFX
Based on your example, how do you determine the SL? 30 will take you out. How about the exit?
Whenever I play a setup off the DBHLC or DBLHC, my stop loss is beyond the high or the low. Price can and does have a tendancy to continue it's motion until more traders jump on the setup. I've found by having my SL just on the other side is sufficient and risk controlled. I use my MA's and PA to my TP points.
Just digging in the trenches like everyone else!
  • #24,764
  • Aug 31, 2009 10:20am Aug 31, 2009 10:20am
Quoting PippiNole
A candle???? Maybe a DBHLC? What do I win?
I'm surprised that wasn't a WHO do I win response!
Just digging in the trenches like everyone else!
  • #24,765
  • Aug 31, 2009 10:21am Aug 31, 2009 10:21am
Quoting eohater
3m left on the working m15, can anyone tell me what it's shaping up to be?
Another noob question.

How do you know 3m to close? Need special indicator?
Great Bodies are Engineered not Born
  • #24,766
  • Aug 31, 2009 10:22am Aug 31, 2009 10:22am
Quoting eohater
3m left on the working m15, can anyone tell me what it's shaping up to be?

Double Bar High Lower Close .. Sorry I am late seperating the pictures,
Attached Image (click to enlarge)
Click to Enlarge Name: DBHLC.JPG Size: 85 KB
Good Trading To All ; Ken Lee
  • #24,767
  • Aug 31, 2009 10:23am Aug 31, 2009 10:23am
Quoting eohater
Whenever I play a setup off the DBHLC or DBLHC, my stop loss is beyond the high or the low. Price can and does have a tendancy to continue it's motion until more traders jump on the setup. I've found by having my SL just on the other side is sufficient and risk controlled. I use my MA's and PA to my TP points.
Beyond the high or low refer to the high or low plus how many pips?
Great Bodies are Engineered not Born
  • #24,768
  • Aug 31, 2009 10:23am Aug 31, 2009 10:23am
Quoting eohater
I'm surprised that wasn't a WHO do I win response!
I'm trying to be a little more reserved than are cowboy friend from central Florida.

Ok who do I win?
  • #24,769
  • Aug 31, 2009 10:24am Aug 31, 2009 10:24am
Quoting RichLadyFX
Another noob question.

How do you know 3m to close? Need special indicator?
No indicator here. I've just watched price for way to long and candle's to see them. I'm not always right, no one is. The setup is not confirmed until the candle closes. Otherwise, you could be setting yourself up for a heartache! Let the setup's occur, then pull the trigger. Going short here is against the grain, no doubt about it. She broke out of the morning range, but sellers have shown interest in this area. Here's something further I'm looking at. The h1, I would like to see the h1 closes as a DBHLC as well, the h1 traders will jump on her then also.
Just digging in the trenches like everyone else!
  • #24,770
  • Aug 31, 2009 10:24am Aug 31, 2009 10:24am
Quoting RichLadyFX
Beyond the high or low refer to the high or low plus how many pips?
No more than 5. Don't forget to account for your spread!
Just digging in the trenches like everyone else!
  • #24,771
  • Aug 31, 2009 10:25am Aug 31, 2009 10:25am
Quoting eohater
Whenever I play a setup off the DBHLC or DBLHC, my stop loss is beyond the high or the low. Price can and does have a tendancy to continue it's motion until more traders jump on the setup. I've found by having my SL just on the other side is sufficient and risk controlled. I use my MA's and PA to my TP points.
Now Improved ... Save it..
Attached Image (click to enlarge)
Click to Enlarge Name: DBHLC.JPG Size: 149 KB
Good Trading To All ; Ken Lee
  • #24,772
  • Aug 31, 2009 10:25am Aug 31, 2009 10:25am
Quoting PippiNole
I'm trying to be a little more reserved than are cowboy friend from central Florida.

Ok who do I win?
Just digging in the trenches like everyone else!
  • #24,773
  • Aug 31, 2009 10:25am Aug 31, 2009 10:25am
Pippi, what number did I tell you yesterday that we could see?

High side, not low!
Just digging in the trenches like everyone else!
  • #24,774
  • Aug 31, 2009 10:27am Aug 31, 2009 10:27am
Quoting KENNETH lEE
Now Improved ... Save it..
Excellent chart as always Ken!
Just digging in the trenches like everyone else!
  • #24,775
  • Aug 31, 2009 10:27am Aug 31, 2009 10:27am
Quoting eohater
Pippi, what number did I tell you yesterday that we could see?

High side, not low!
6330
  • #24,776
  • Aug 31, 2009 10:28am Aug 31, 2009 10:28am
This shows the basic stuff really all you need
Attached File(s)
File Type: pdf price action.pdf   45 KB | 505 downloads
  • #24,777
  • Aug 31, 2009 10:28am Aug 31, 2009 10:28am
Quoting PippiNole
6330
This setup is not working out atm. We break the high of the DBHLC, that's what we'll see!
Just digging in the trenches like everyone else!
  • #24,778
  • Aug 31, 2009 10:28am Aug 31, 2009 10:28am
Quoting eohater
No more than 5. Don't forget to account for your spread!

Last one everything should be on it now..
Attached Image (click to enlarge)
Click to Enlarge Name: DBHLC.jpg Size: 150 KB
Good Trading To All ; Ken Lee
  • #24,779
  • Aug 31, 2009 10:29am Aug 31, 2009 10:29am
Quoting PippiNole
I'm trying to be a little more reserved than are cowboy friend from central Florida.
You can't win a prize being reserved!
Hi, my name is Barry and you can keep your doctor...
  • #24,780
  • Aug 31, 2009 10:30am Aug 31, 2009 10:30am
Quoting KENNETH lEE
Now Improved ... Save it..
Thank you. Trying hard to undestand things here.
Great Bodies are Engineered not Born
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