Trade what you see NOT what you expect | Page 1244 | Forex Factory

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Trade what you see NOT what you expect

  • #24,861
  • Aug 31, 2009 9:56am Aug 31, 2009 9:56am
Quoting Infinity
I did the same bro....on the touch of the 10ema
That's why we love our ma's!
Just digging in the trenches like everyone else!
  • #24,862
  • Aug 31, 2009 9:58am Aug 31, 2009 9:58am
Quoting eohater
That's why we love our ma's!
Patience + Discipline - Greed = Success
  • #24,863
  • Aug 31, 2009 10:05am Aug 31, 2009 10:05am
Quoting Infinity
That's what we're looking for bro..
4hr now has a chance to give a pin
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  • #24,864
  • Aug 31, 2009 10:09am Aug 31, 2009 10:09am
Quoting nAVIN2007
4hr now has a chance to give a pin
Yes... I see it on mine as well but 3 hrs to close here... I covered my trade as I'm going on the road for a bit ... but I do see us dropping to 1.60 in the coming days maybe next week...

nb... we could get a bounce at the h4 5/10 so be careful in these areas...
Patience + Discipline - Greed = Success
  • #24,865
  • Aug 31, 2009 10:12am Aug 31, 2009 10:12am
Anyone notice that last week's close was the first time we closed below the weekly 10ema since we started climbing from 1.4x back in March....
Patience + Discipline - Greed = Success
  • #24,866
  • Aug 31, 2009 10:16am Aug 31, 2009 10:16am
Quoting Infinity
Yes... I see it on mine as well but 3 hrs to close here... I covered my trade as I'm going on the road for a bit ... but I do see us dropping to 1.60 in the coming days maybe next week...

nb... we could get a bounce at the h4 5/10 so be careful in these areas...
well do buddy..monthly is bearish as well ....i suppose if it gonna sink like i think it need to shake people of the bus
  • #24,867
  • Aug 31, 2009 10:17am Aug 31, 2009 10:17am
Thanks for your reply

Would you consider adding if it breaks the high of the second bar (if it's an inside bar) of a DBHLC - like a false BO of the IB?

Thanks

tdeu

If we're looking at a DBHLC, then I want the 2nd candle to not go higher than the first (IDEAL), close bearish of course and a bottom wick on the 2nd candle as well. I don't have a pip value, I have more of an eye of sight on the candle itself. Sorry, I can't explain it better than that.[/quote]
  • #24,868
  • Aug 31, 2009 10:25am Aug 31, 2009 10:25am
We're in a very important area of s/r on the higher tf's.

And we're close to today's opening price.
Hi, my name is Barry and you can keep your doctor...
  • #24,869
  • Aug 31, 2009 10:35am Aug 31, 2009 10:35am
All flat atm.

Time to find a stump broke mare.

Good trading to all!
Hi, my name is Barry and you can keep your doctor...
  • #24,870
  • Aug 31, 2009 10:56am Aug 31, 2009 10:56am
If you get a chance, EO or anyone else, could you look at the post I made earlier please, some advice would be helpful, I'm pretty sure it got missed. Thanks. http://www.forexfactory.com/showpost...ostcount=24706
  • #24,871
  • Aug 31, 2009 11:17am Aug 31, 2009 11:17am
Is this a strict def of the before DOW open range (11:00-14:00GMT) or would it enclose 1/2h before and after? Sometimes local extremes are reached before or after the specified times.

How wide is your stop on those BO trades? As sometimes after testing the range (with a confirmation candle) price goes back into it (takes out the confirmation candle) but closes outside.

Thanks
  • #24,872
  • Aug 31, 2009 11:20am Aug 31, 2009 11:20am
is this a right shoulder of a shampoo on m15?

tdeu
  • #24,873
  • Aug 31, 2009 11:28am Aug 31, 2009 11:28am
Quoting eohater
That's why we love our ma's!
Your 15m chart tells its own story......
and so does a gmma chart with more ma's
bunching together before each big move.
Dr. D.
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  • #24,874
  • Edited 3:08pm Aug 31, 2009 2:24pm | Edited 3:08pm
Hi EO,

Thanks for sharing your setup.

Does there have to be a decent move before taking such setup?

Is there a certain time span or pip move before you consider a opposite setup?

What about time of the day and within ranges (Asia)?

thanks

tdeu
  • #24,875
  • Aug 31, 2009 8:15pm Aug 31, 2009 8:15pm
Quoting tdeu
Hi EO,

Thanks for sharing your setup.

Does there have to be a decent move before taking such setup?

Is there a certain time span or pip move before you consider a opposite setup?

What about time of the day and within ranges (Asia)?

thanks

tdeu
I don't know which setup your talking about. There are so many facets to the system. If you have not read the pdf on post #1, please do so. Anytime, I'm looking to go against the grain of where she's coming from, I'm looking for pins/hammers, dbhlc/dblhc in areas that respond off of higher TF S/R. Otherwise, I'm playing the 20-40 pip range waiting for a breakout north or south to the higher TF S/R as my targets and areas to be looking for a reverse at the same time. There are so many different trade setups that we use, find one that fits your personality. Whether it's trading the breakout, pullback and test of the ma's and back with the direction it's been going, countertrend of the breakout, 20-40 gump trades, 35/50 cross and reverse or whatever, just please understand higher TF S/R, PA, candlestick formations, and money management. If you can soak in this knowledge and apply it, you will be successful.
Just digging in the trenches like everyone else!
  • #24,876
  • Aug 31, 2009 8:52pm Aug 31, 2009 8:52pm
Quoting eohater
I've went short at 6328.
I've been asked why I took the short at 6328 today in the middle of the US Session. Just a background, when we opened the markets on Sunday, I was talking with PippiNole and told him I could see price going to 6330 before making it's next move lower. I don't know if we'll continue lower or not than last weeks low at this point. Here's where I pulled the price from on my h4 chart.
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Just digging in the trenches like everyone else!
  • #24,877
  • Aug 31, 2009 9:42pm Aug 31, 2009 9:42pm
I am new to this thread but I must confess it is superb. I personallly like PA, candle formation and SR.

I want to make a clearification on DBHLC/DBLHC.
for example, if we have DBHLC just like the one EO explain on the last post, must the close of the second candle close below the low of the previous or close below the open of the previous candle or any of them before we call it a DBHLC?

Thank you
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #24,878
  • Aug 31, 2009 10:00pm Aug 31, 2009 10:00pm
Quoting ejiexe
I am new to this thread but I must confess it is superb. I personallly like PA, candle formation and SR.

I want to make a clearification on DBHLC/DBLHC.
for example, if we have DBHLC just like the one EO explain on the last post, must the close of the second candle close below the low of the previous or close below the open of the previous candle or any of them before we call it a DBHLC?

Thank you
Welcome to the thread! Glad your enjoying it, I know we do!

To answer your question, no the close of the 2nd candle does not have to close below the low the previous candle or it's opening price. That would be called bearish engulfing without regard to highs. This formation you regard is a bearish formation though with power for continuation.
Just digging in the trenches like everyone else!
  • #24,879
  • Aug 31, 2009 10:04pm Aug 31, 2009 10:04pm
Quoting eohater
...We could see price rise back up to 631x ...
Just digging in the trenches like everyone else!
  • #24,880
  • Aug 31, 2009 10:33pm Aug 31, 2009 10:33pm
Quoting eohater
Welcome to the thread! Glad your enjoying it, I know we do!

To answer your question, no the close of the 2nd candle does not have to close below the low the previous candle or it's opening price. That would be called bearish engulfing without regard to highs. This formation you regard is a bearish formation though with power for continuation.

DBHLC (DOUBLE HIGH/LOWER CLOSE)

• Double highs
• Bar 2 closes lower than bar 1’s low

• Direction is down

Must this hold before we say we have DBHLC
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
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