Trade what you see NOT what you expect | Page 1269 | Forex Factory

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Trade what you see NOT what you expect

  • #25,361
  • Sep 3, 2009 11:06am Sep 3, 2009 11:06am
Quoting eohater
I can see what their talking about.
Funny, their top resistance is the same as mine? They must have hijacked my chart I posted over the weekend. I've not moved the 6622 resistance line. It's been on my h4 for a while now.
Attached Image (click to enlarge)
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Just digging in the trenches like everyone else!
  • #25,362
  • Sep 3, 2009 11:07am Sep 3, 2009 11:07am
1.63 could be a low risk long entry with the immediate trend

61fib of the last move up and support could become resistance. could be a sensible entry with very tiny SL SHOULD price ever get there. if all conditions are met e.g.: corresponding volume and 5m/15m bull candles start to appear with no new lows
target for this could easily be 1.65 if we assume length of latest up wave

selling does not look very convincing to me personally and this could turn out to be one big bull flag forming right now

if price breaks 1.63 convincingly and has a 15m/30m close all bets are off to me
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Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #25,363
  • Sep 3, 2009 11:13am Sep 3, 2009 11:13am
Quoting djambazov84
1.63 could be a low risk long entry with the immediate trend

61fib of the last move up and support could become resistance. could be a sensible entry with very tiny SL SHOULD price ever get there. if all conditions are met e.g.: corresponding volume and 5m/15m bull candles start to appear with no new lows
target for this could easily be 1.65 if we assume length of latest up wave

selling does not look very convincing to me personally and this could turn out to be one big bull flag forming right now

if price breaks 1.63 convincingly and has...
I'm looking to buy at 1.63 myself! I'm not convinced we're going up above 1.6622 though. I do see it could send it there though. Selling will resume very heavily at that level. Further confluence for the long out of 1.63 is my h1 62 and 200 are in the vacinity.
Just digging in the trenches like everyone else!
  • #25,364
  • Sep 3, 2009 11:13am Sep 3, 2009 11:13am
Quoting robgsxr
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
Sorry,for late reply, left the computer ,to go my local PC world,to get myself a new laptop,but they were closed,till 2morow.
My gu short looks ok,though very slow as u mentioned,after the london close.
  • #25,365
  • Sep 3, 2009 11:15am Sep 3, 2009 11:15am
Quoting eohater
I'm looking to buy at 1.63 myself! I'm not convinced we're going up above 1.6622 though. I do see it could send it there though. Selling will resume very heavily at that level. Further confluence for the long out of 1.63 is my h1 62 and 200 are in the vacinity.

by the looks of it it might not even get to 1.63
if i even see a nice bull m5 pin with nice volume to it i`m longing this baby
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #25,366
  • Sep 3, 2009 11:21am Sep 3, 2009 11:21am
Quoting djambazov84
by the looks of it it might not even get to 1.63
if i even see a nice bull m5 pin with nice volume to it i`m longing this baby
We'll could see 628x at this fall. Still a good area to buy!
Just digging in the trenches like everyone else!
  • #25,367
  • Sep 3, 2009 11:25am Sep 3, 2009 11:25am
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 just read this and I hope they don't pay this person to much. The way I read it she may go up or she may go down between 1.6622 and 1.6111.
  • #25,368
  • Sep 3, 2009 11:29am Sep 3, 2009 11:29am
Quoting eohater
We'll could see 628x at this fall. Still a good area to buy!
Hey bro how goes it?
  • #25,369
  • Sep 3, 2009 11:32am Sep 3, 2009 11:32am
Quoting PippiNole
I just read this and I hope they don't pay this person to much. The way I read it she may go up or she may go down between 1.6622 and 1.6111.
Isn't that how the market moves? Heaven for bid they take a stance.
Just digging in the trenches like everyone else!
  • #25,370
  • Sep 3, 2009 11:33am Sep 3, 2009 11:33am
Quoting PippiNole
Hey bro how goes it?
Good! Lots of things to consider now more than before. It's even bigger than original.
Just digging in the trenches like everyone else!
  • #25,371
  • Sep 3, 2009 11:50am Sep 3, 2009 11:50am
Quoting eohater
Isn't that how the market moves? Heaven for bid they take a stance.
We the pros!
  • #25,372
  • Sep 3, 2009 11:52am Sep 3, 2009 11:52am
Quoting eohater
Funny, their top resistance is the same as mine? They must have hijacked my chart I posted over the weekend. I've not moved the 6622 resistance line. It's been on my h4 for a while now.
I hope people have reviewed this chart. Notice how we're outside of the channel? Notice how price is been falling back to the topside of it? Please take note at the price of the topside of the channel. Falls in line with our h1 200/62
Just digging in the trenches like everyone else!
  • #25,373
  • Sep 3, 2009 12:09pm Sep 3, 2009 12:09pm
Anybody know what the deal is on all these invisibles?
  • #25,374
  • Sep 3, 2009 12:13pm Sep 3, 2009 12:13pm
Quoting Shilva
Anybody know what the deal is on all these invisibles?
  • #25,375
  • Sep 3, 2009 12:24pm Sep 3, 2009 12:24pm
Quoting Shilva
Anybody know what the deal is on all these invisibles?
I'm one of them! It's not that I don't care if people know I'm online or not, but there are times I'm logged in, but away from my computer for hours at a time.
Just digging in the trenches like everyone else!
  • #25,376
  • Sep 3, 2009 12:29pm Sep 3, 2009 12:29pm
I have to run out for a bit. Covered green on both longs and TP set. Cya in a little while.
  • #25,377
  • Sep 3, 2009 12:33pm Sep 3, 2009 12:33pm
Quoting PippiNole
I have to run out for a bit. Covered green on both longs and TP set. Cya in a little while.
Later bro! I'm out of here myself in about an hour.
Just digging in the trenches like everyone else!
  • #25,378
  • Sep 3, 2009 12:38pm Sep 3, 2009 12:38pm
Quoting eohater
I'm one of them! It's not that I don't care if people know I'm online or not, but there are times I'm logged in, but away from my computer for hours at a time.
Yeah....figured u were one but i just have not noticed that many before.
  • #25,379
  • Sep 3, 2009 12:46pm Sep 3, 2009 12:46pm
The daily 50, H 10 and the m15 35 are all about the same price. Might be a good target.
Hi, my name is Barry and you can keep your doctor...
  • #25,380
  • Sep 3, 2009 12:51pm Sep 3, 2009 12:51pm
Nice rally on the dow to support the longs
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