Trade what you see NOT what you expect | Page 1268 | Forex Factory

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Trade what you see NOT what you expect

  • #25,341
  • Sep 3, 2009 10:28am Sep 3, 2009 10:28am
DBHLC
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Click to Enlarge Name: DBHLC.jpg Size: 150 KB
Good Trading To All ; Ken Lee
  • #25,342
  • Sep 3, 2009 10:29am Sep 3, 2009 10:29am
Not sure of intraday credibility but my fxcm platform just changed outlook giving GU bearish with targets at 1.6300 and 1.6252.

Co-incides with the 4 hr candle your'e identifying Pippi

Please treat this with caution as their intraday outlook changes as does ours with P.A.

Quoting PippiNole
A little heads up, look what's forming on your GU 4hr chart.
  • #25,343
  • Sep 3, 2009 10:30am Sep 3, 2009 10:30am
smart move


Quoting KENNETH lEE
Mine can auto draw them as well but I don't use it.. Like to do things myself want to know why and where.
  • #25,344
  • Sep 3, 2009 10:37am Sep 3, 2009 10:37am
Quoting cisco
I don't know what your eyes are seeing, but I'm looking for a retest of the neckline of an inverted shampoo on the H4. Probably to 6300-6315.
Doesn't look like it's going to make it that low. The m15 tl I posted appears to be holding atm.
Hi, my name is Barry and you can keep your doctor...
  • #25,345
  • Sep 3, 2009 10:38am Sep 3, 2009 10:38am
Quoting cisco
I don't know what your eyes are seeing, but I'm looking for a retest of the neckline of an inverted shampoo on the H4. Probably to 6300-6315.
Sorry I was on a phone call. I was referring to a DBHLC but I can see what you're seeing also.
  • #25,346
  • Sep 3, 2009 10:45am Sep 3, 2009 10:45am
Quoting PippiNole
Sorry I was on a phone call. I was referring to a DBHLC but I can see what you're seeing also.
I don't have a DBHLC on my h4. Just the differences in candle openings and closings I guess.

Time for a lunch date. Later all!
Attached Image
Hi, my name is Barry and you can keep your doctor...
  • #25,347
  • Sep 3, 2009 10:49am Sep 3, 2009 10:49am
I have to run too eveyone have a great day cya in the morning
  • #25,348
  • Sep 3, 2009 11:06am Sep 3, 2009 11:06am
H1 IB....
  • #25,349
  • Sep 3, 2009 11:19am Sep 3, 2009 11:19am
My last hourly closed candle low was 1.63311 and the one preceding it was slightly higher at 1.63320

Does this still constitute an IB???



Quoting lazyboy
H1 IB....
  • #25,350
  • Sep 3, 2009 11:27am Sep 3, 2009 11:27am
Hi guys,
I'm looking for a seat to short gu again,but a bit confused,whether to short it of 35ma, or it might go higher,
any thought would be appreciated
  • #25,351
  • Sep 3, 2009 11:32am Sep 3, 2009 11:32am
Quoting cisco
I don't know what your eyes are seeing, but I'm looking for a retest of the neckline of an inverted shampoo on the H4. Probably to 6300-6315.
Cisco.... i can definitely see the possibility of an inverted shampoo (h&s) on the 4h forming in the next few days....btw, if it plays out it would send us to the 6600-662x area which "experts" talk about as major resistance:
Action Forex:

"At this point, intraday bias in GBP/USD remains mildly on the upside. As discussed before, a short term bottom is in place at 1.6111 with bullish convergence condition in 4 hours MACD. Hence further rise could still be seen. Nevertheless, upside should be limited below 1.6622 resistance and bring resumption of fall from 1.7043. Below 1.6235 will flip intraday bias back to the downside first and break of 1.6111 will target 1.5983 key support next. "
I guess we"ll wait and see
  • #25,352
  • Sep 3, 2009 11:35am Sep 3, 2009 11:35am
Quoting robgsxr
My last hourly closed candle low was 1.63311 and the one preceding it was slightly higher at 1.63320

Does this still constitute an IB???
nope, funny must be a difference in feed...mine has a double low also
  • #25,353
  • Sep 3, 2009 11:59am Sep 3, 2009 11:59am
I know sometimes I have to update my charts and they can be very different after I do this.. I think I get a small break in internet connection that doesn't necessarily register but the chart feed gets affected by it. Caught out now a couple of times so I update periodically throughout the day.


My alpari platform also shows pip lower on the second candle.. oh well


Quoting lazyboy
nope, funny must be a difference in feed...mine has a double low also
  • #25,354
  • Sep 3, 2009 12:07pm Sep 3, 2009 12:07pm
Sorry Amiro just saw this and realized I had gone short at 1.63480 and left it short based on the hourly closed price and 4 hr DBHLC.

EO (the encyclopedia) said something last week which I applied. The hourly closed below the 5 ema and the 15 had closed below the 35. This does not help now but maybe for a future decision.

Quoting amiro
Hi guys,
I'm looking for a seat to short gu again,but a bit confused,whether to short it of 35ma, or it might go higher,
any thought would be appreciated
  • #25,355
  • Sep 3, 2009 12:15pm Sep 3, 2009 12:15pm
Quoting robgsxr
Sorry Amiro just saw this and realized I had gone short at 1.63480 and left it short based on the hourly closed price and 4 hr DBHLC.

EO (the encyclopedia) said something last week which I applied. The hourly closed below the 5 ema and the 15 had closed below the 35. This does not help now but maybe for a future decision.
Robgsxr. Thanks for your help,
I did short it of 35sma,went down about 20pips, now i reduced the sl to BE.
I like to let run down to 16300,then i'll take some profit off.
Not sure if it works out.
  • #25,356
  • Edited 12:45pm Sep 3, 2009 12:42pm | Edited 12:45pm
Good job Amiro

Looking ok. Market seems a little slow but your fine now at BE.

Just saw your'e also in the UK. This often seems a quiet time now after London closes. Maybe see you again during early London session. Good luck


R

Quoting amiro
Robgsxr. Thanks for your help,
I did short it of 35sma,went down about 20pips, now i reduced the sl to BE.
I like to let run down to 16300,then i'll take some profit off.
Not sure if it works out.
  • #25,357
  • Sep 3, 2009 12:42pm Sep 3, 2009 12:42pm
We're sitting right at support on the m15. The hourly is looking like it could shape up to be and inverted pin and the H4 looks like it might bounce off the 5 ma. All in all we might be in a range trading situation until we get non-farm payrolls tomorrow.

Time to hit the lawnmower before we get our afternoon thunderstorms.
Hi, my name is Barry and you can keep your doctor...
  • #25,358
  • Sep 3, 2009 12:47pm Sep 3, 2009 12:47pm
Ah yes the afternoon storms..

I hope you have a ride on mower so you can grab a beer with one hand

That made the job much more enjoyable as I recal

Quoting cisco
We're sitting right at support on the m15. The hourly is looking like it could shape up to be and inverted pin and the H4 looks like it might bounce off the 5 ma. All in all we might be in a range trading situation until we get non-farm payrolls tomorrow.

Time to hit the lawnmower before we get our afternoon thunderstorms.
  • #25,359
  • Sep 3, 2009 1:02pm Sep 3, 2009 1:02pm
Back from my meeting! Oh boy!

Anyways, I see we've just now hit one of my TP on my short at 6325. Next TP set is 6290. As well, looking at our h1 and our h4, I can see a bounce in this area

I hope everyone has been bagging the pippage today!
Just digging in the trenches like everyone else!
  • #25,360
  • Sep 3, 2009 1:04pm Sep 3, 2009 1:04pm
Quoting rt4x
Cisco.... i can definitely see the possibility of an inverted shampoo (h&s) on the 4h forming in the next few days....btw, if it plays out it would send us to the 6600-662x area which "experts" talk about as major resistance:
Action Forex:

"At this point, intraday bias in GBP/USD remains mildly on the upside. As discussed before, a short term bottom is in place at 1.6111 with bullish convergence condition in 4 hours MACD. Hence further rise could still be seen. Nevertheless, upside should be limited below 1.6622 resistance and bring resumption...
I can see what their talking about.
Just digging in the trenches like everyone else!
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