Trade what you see NOT what you expect | Page 1400 | Forex Factory

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Trade what you see NOT what you expect

  • #27,981
  • Dec 21, 2009 1:48am Dec 21, 2009 1:48am
Nice flat 15m candle against the 200sma couldnt take out the recent high on the Mrs
  • #27,982
  • Dec 21, 2009 2:01am Dec 21, 2009 2:01am
Quoting 4fun
Nice flat 15m candle against the 200sma couldnt take out the recent high on the Mrs
lol, i took the opportunity to make a BLT, and completely missed it, but GJ!
  • #27,983
  • Dec 21, 2009 2:20am Dec 21, 2009 2:20am
The 15m mistress ma's sure flat and tight
  • #27,984
  • Dec 21, 2009 2:30am Dec 21, 2009 2:30am
All 3 ladies testing the lows of their open atm
  • #27,985
  • Dec 21, 2009 3:12am Dec 21, 2009 3:12am
Cable tested the MA200 and now gave a nice 5 o'clock opportunity to add shorts http://cdn.forexfactory.com/images/icons/icon10.gif.
  • #27,986
  • Dec 21, 2009 3:24am Dec 21, 2009 3:24am
Quoting perez
Cable tested the MA200 and now gave a nice 5 o'clock opportunity to add shorts http://cdn.forexfactory.com/images/icons/icon10.gif.
I am new here, Now I will try the 5 o'clock method!
Dancing with Candlesticks
  • #27,987
  • Dec 21, 2009 3:33am Dec 21, 2009 3:33am
Quoting 4fun
Nice flat 15m candle against the 200sma couldnt take out the recent high on the Mrs
That 15m flat candle also closing at 16160 completed the retrace to Thursday's close (and more or less Friday's close) so a nice bit of support turned resistance.

And to give an extra box tick for confirmation we had EO's 35/50 cross and reverse trade too.

Nice way to start the Christmas week.

Macc
  • #27,988
  • Dec 21, 2009 3:37am Dec 21, 2009 3:37am
closed all my trades. all positive!
MERRY CHRISTMAS!! WOOT WOOT!!
  • #27,989
  • Dec 21, 2009 3:46am Dec 21, 2009 3:46am
Quoting dakrusha
closed all my trades. all positive!
MERRY CHRISTMAS!! WOOT WOOT!!
  • #27,990
  • Dec 21, 2009 6:30am Dec 21, 2009 6:30am
E/j testing fri high 4h 50 1hr 200
  • #27,991
  • Dec 21, 2009 7:06am Dec 21, 2009 7:06am
E/j I have 1hr s/r at 129.72 that last 1hr came back and got 129.73 and then up like a breakout of the high of last nights asian , london morning range
  • #27,992
  • Dec 21, 2009 7:55am Dec 21, 2009 7:55am
Hello all,

we got a long hangman on the last 15 min E/J candle but the 1 hr candle which will close soon looks like a bearish shooting star. Therefore I'm a bit unsure what to do.

p.s. the 4 hr is struggeling with the 50 ema and a trendline. Think it's better to stay out.
  • #27,993
  • Dec 21, 2009 8:08am Dec 21, 2009 8:08am
My last 4hr was bullish engulfing watching to see what it does on the wick of that 1hr when unsure best to stay clear nothing wrong with that.
  • #27,994
  • Dec 21, 2009 8:50am Dec 21, 2009 8:50am
Quoting 4fun
My last 4hr was bullish engulfing watching to see what it does on the wick of that 1hr when unsure best to stay clear nothing wrong with that.
That I missed the E/J long hurts but I got the G/U short
  • #27,995
  • Dec 21, 2009 8:59am Dec 21, 2009 8:59am
Quoting MCFly
That I missed the E/J long hurts but I got the G/U short
Nice on the mrs, I didnt get long on e/j either actually was lookin to short but that 4hr is winning out and I am not going to fight her.
  • #27,996
  • Dec 21, 2009 9:22am Dec 21, 2009 9:22am
Hope everyone has a green day, back for the london open ciao.http://cdn.forexfactory.com/images/icons/icon7.gif
  • #27,997
  • Dec 21, 2009 9:26am Dec 21, 2009 9:26am
Quoting 4fun
Hope everyone has a green day, back for the london open ciao.http://cdn.forexfactory.com/images/icons/icon7.gif
cu
  • #27,998
  • Dec 21, 2009 9:31am Dec 21, 2009 9:31am
Quoting jaggu86
Dear Ken,
Here is a trade which I took today @ the london open. My entry was @ 1.6157 and initial target was 1.6095 . But when price reached 1.6116 area (minor support ) there was 2 doji candles formed . I took the profit and closed the trade with +pips . Was it the right thing to do . Because if i waited a few more minutes the next candle should have hit my TP . Please see the diagram attached and advice

Taking profit is never wrong. But as we gain skill we see stalling price action verses areas it may retrace or reverse. Your TP choice was very well as it turned right on it. The longer term traders tend to watch the Ma's and wait for the price to start closing above the minor ma's. But they also use mulitple orders and close part of thier trades as it moves in their favor. They may stay in until it breaks a swing area they got in off. Looking for areas to add back on the position size they have taken off.
Hope this helps Ken
Attached Image (click to enlarge)
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Good Trading To All ; Ken Lee
  • #27,999
  • Dec 21, 2009 2:32pm Dec 21, 2009 2:32pm
Hi EO,

Sorry to bother you before Christmas. Although maybe we have some nice breakouts over the coming days with thin markets.

Cheers

Thomas


Quoting eohater
I'll elaborate during E/L. Gotta run right now. I need to post a chart for you to understand.
Hi EO,

I didn't remember something about range BO you've mentioned a couple of weeks ago. Searched the thread too but couldn't find it.

It had to do with fake breakouts and violent reversals. I think I remember, that you've said you would place stop and reverse orders to get taken into a fast move in the other direction.

We saw this a couple of times this month from the Asian range.

Can you elaborate again. Thanks

Cheers

Thomas
  • #28,000
  • Dec 21, 2009 6:18pm Dec 21, 2009 6:18pm
What's up guys?

Did any of you trade the Temptress today? She was real smooth and put out a bunch of pips!
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