Trade what you see NOT what you expect | Page 1379 | Forex Factory

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Trade what you see NOT what you expect

  • #27,561
  • Dec 4, 2009 10:45am Dec 4, 2009 10:45am
E/j starting to cooperate
  • #27,562
  • Dec 4, 2009 10:48am Dec 4, 2009 10:48am
Quoting eohater
Good eye! I have a TP on my shorts at 6485. Not a final TP, I can also see 646x and possible 644x. I don't recomment jumping in short here, as we can see buyers coming off of the 653x area, but a sell of the m15 5 with your m15 10 as your SL could yield some nice pippage. Price Action always leads the way.
If anyone sold off the m15 5, their up 50 pips with a minimum draw down. Not bad!

Now, look at your h4 charts and see if you can see the levels I've pointed out above as well. I can even see 6400, but I think anything lower than 646x would be a miracle today. Watch your PA, TP and keep yourself covered.

I'm off to grab some lunch!
Just digging in the trenches like everyone else!
  • #27,563
  • Dec 4, 2009 10:49am Dec 4, 2009 10:49am
Quoting eohater
If anyone sold off the m15 5, their up 50 pips with a minimum draw down. Not bad!

not bad at all!
  • #27,564
  • Dec 4, 2009 10:56am Dec 4, 2009 10:56am
A sell again off the m15 5 with your m15 10 as your SL is a good opportunity here. Keep your eye on the h1 as well, you can see 646x very nice on it. At the same token, if your h1 gives us a bullish hammer, then we'll be looking to be a buyer down the wick of the h1. This supports not getting in a shitty position taking the short off the m15 5 and being able to get atleast +3 before getting stopped out at the m15 10, but don't take the trade without the SL, she could just pounce up with a h1 bullish hammer. Either way, it's trading, and make good entries for purpose.
Just digging in the trenches like everyone else!
  • #27,565
  • Dec 4, 2009 11:04am Dec 4, 2009 11:04am
m15 gave us a bullish spinning bottom. longs from 6500 with SL no more than 6490 could yield some nice pippage. If it were I, I'd take 6507 and SL at 6490. I'm not taking the long myself, I'm going to lunch and we're going to probably consolidate for the rest of the day.
Just digging in the trenches like everyone else!
  • #27,566
  • Dec 4, 2009 11:08am Dec 4, 2009 11:08am
Thanks for your insght Eo
  • #27,567
  • Dec 4, 2009 11:10am Dec 4, 2009 11:10am
Quoting 4fun
Thanks for your insght Eo
ditto, very much appreciated
  • #27,568
  • Dec 4, 2009 11:24am Dec 4, 2009 11:24am
Happy Friday EO. Nice to have the RINGMASTER back if only for a visit.. Hope your life gets back to sorta normality soon. Life is always full of twist and turns... Take Care and Be well Ken


http://personalpages.tds.net/~waldo/...Ringmaster.gif
Good Trading To All ; Ken Lee
  • #27,569
  • Edited 11:37am Dec 4, 2009 11:27am | Edited 11:37am
Quoting cisco
Hey brother...could you spare a few thousand for a needy neighbor?
Would you like that in Dongs?

http://online.wsj.com/article/SB125912411180263533.html
  • #27,570
  • Dec 4, 2009 11:39am Dec 4, 2009 11:39am
I agree Ken its nice when the Ringmaster is around. Been a damn good week, its time to play. Music maestro!

Inserted Video
  • #27,571
  • Dec 4, 2009 12:05pm Dec 4, 2009 12:05pm
[quote=PippiNole;3282708]Would you like that in Dongs?

I'm thinkin' the the only 'dongs' I want are the ones preceded by the word 'ding.'
Hi, my name is Barry and you can keep your doctor...
  • #27,572
  • Dec 4, 2009 12:14pm Dec 4, 2009 12:14pm
Back from lunch! We have matching lows on the h1, I'm still favoring the bear movement though. The longs with SL at 6490 paid some good pippage, but the ma's on the m15 are getting tight against price now. If I took a long out of here, I would keep my SL at 6490, otherwise, you might turn around and see price at 646x.
Just digging in the trenches like everyone else!
  • #27,573
  • Dec 4, 2009 12:17pm Dec 4, 2009 12:17pm
Filled a long position at 6498, SL at 6490.
Just digging in the trenches like everyone else!
  • #27,574
  • Dec 4, 2009 12:25pm Dec 4, 2009 12:25pm
Quoting eohater
Filled a long position at 6498, SL at 6490.
I just donated 8 pips back to the market. Notice how with price converging so tight with the m15 5 that it kept price down? Not that buyers will not start showing up in the 648x area and I couldn't get out at BE, but it could be a long wait to make that happen. No thank you! Take the loss on the chin and get in on the right side of the trade. I fortunatley still have shorts running looking for the bottom of hell! 1 position in particular, I've been holding for over 3 months now.
Just digging in the trenches like everyone else!
  • #27,575
  • Dec 4, 2009 1:28pm Dec 4, 2009 1:28pm
Here is a song for our busy brother to the south.

Inserted Video
  • #27,576
  • Dec 4, 2009 2:00pm Dec 4, 2009 2:00pm
Quoting eohater
If anyone sold off the m15 5, their up 50 pips with a minimum draw down. Not bad!

Now, look at your h4 charts and see if you can see the levels I've pointed out above as well. I can even see 6400, but I think anything lower than 646x would be a miracle today. Watch your PA, TP and keep yourself covered.

I'm off to grab some lunch!
I hope some people paid attention this time! Nice pippage was to be had on GU!
Just digging in the trenches like everyone else!
  • #27,577
  • Dec 4, 2009 2:36pm Dec 4, 2009 2:36pm
I hope you have all enjoyed the ride today. I wish I could be on here more like I use to. I'm trying to make it here more often as of late and will continue to make the effort.
Just digging in the trenches like everyone else!
  • #27,578
  • Dec 4, 2009 9:51pm Dec 4, 2009 9:51pm
Hi, Kenneth!

Found the two links on page 1816 post 27232 very useful. However, I did not download. Used to just go to the link to view everytime using the links.

However, this morning I find that I can no longer get to the pdf files directly instead I was linked to a directory with the name "allen lee".

Is it no longer accessible?

Many thanks for the thoughtfulness, time and selfless, dedicaded hardwork put into this thread by you and EO and all others to help.

Blessed pips to all!
  • #27,579
  • Dec 4, 2009 10:30pm Dec 4, 2009 10:30pm
Hi Eo,

Great thread here. Hope you do mind my asking you to elaborate on Post 27552

"....as we can see buyers coming off of the 653x area...."

I did not refer here just before I shorted (which I did read other previous posts) and of course it was a failed trade.

However, it would be great to be able to see when buyers or sellers are coming off. It would be a great help in future.

Thank you

Happy Pipping.
  • #27,580
  • Dec 4, 2009 11:21pm Dec 4, 2009 11:21pm
Quoting Blessed Pips
Hi Eo,

Great thread here. Hope you do mind my asking you to elaborate on Post 27552

"....as we can see buyers coming off of the 653x area...."

I did not refer here just before I shorted (which I did read other previous posts) and of course it was a failed trade.

However, it would be great to be able to see when buyers or sellers are coming off. It would be a great help in future.

Thank you

Happy Pipping.
Refering to my above post. Pls note that I was stopped out becos I had to go to bed. I am from GMT+8 .

Thanks again.
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