Trade what you see NOT what you expect | Page 1407 | Forex Factory

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Trade what you see NOT what you expect

  • #28,121
  • Jan 4, 2010 6:49am Jan 4, 2010 6:49am
Quoting iForex
Close half at 132.81, move the SL to 132.57

Now this trade is facing to cross 15m 35/50ma, I do not know how to handle this.
That is where we need to see that you did start to cross back over the MA's you closed above the 62 1 Hr and the lower time frame 15 Min MA's. This is your sign that a reversal in trend maybe in store. You have already covered and are in a positive trade. If it starts CLOSING below the minor MA's then it may not have a enough buyers to continue. But that is the first sign.

In hindsight we can easly see that once it broke the 50 ema it did a nice retest twice and continued up. Keeping a eye on where this candles close is the best way to manage your trades.

Hope That helps Ken
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Good Trading To All ; Ken Lee
  • #28,122
  • Jan 4, 2010 7:10am Jan 4, 2010 7:10am
Starting to get the picture ??? This is our focus to use all the charts.
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Good Trading To All ; Ken Lee
  • #28,123
  • Jan 4, 2010 7:23am Jan 4, 2010 7:23am
That chart above after analysing your charts and noticing the values on all the different time frame MA's this might have been one of those areas a P.O. ( Pending Order) would have been nice.
Good Trading To All ; Ken Lee
  • #28,124
  • Jan 4, 2010 7:42am Jan 4, 2010 7:42am
You can aslo see how the best traders using this system could get that awesome entry. Just the confirmed touches off the higher time frames. with a tight stop.
Good Trading To All ; Ken Lee
  • #28,125
  • Jan 4, 2010 8:39am Jan 4, 2010 8:39am
Channel making up the pennant of a flag pattern, see how the 1.4500 tl acts maybe get a signal.
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  • #28,126
  • Jan 4, 2010 10:41am Jan 4, 2010 10:41am
I just love the 1hr 62 bounce today GJ, GU(twice) and EJ
  • #28,127
  • Jan 4, 2010 10:53am Jan 4, 2010 10:53am
Quoting luckylady
I just love the 1hr 62 bounce today GJ, GU(twice) and EJ

Yes very nice . Was asleep for first one but the last on the gbp
Good Trading To All ; Ken Lee
  • #28,128
  • Jan 4, 2010 5:06pm Jan 4, 2010 5:06pm
Hello piples..lol

Just wanted to say hello and Happy New Year!! I am looking for 1.6140 on the top side and maybe on down to 1.5920 for the bottom. Just my humble opinion, what are you guys seeing?
Please ask questions and share your experiences with us all!
  • #28,129
  • Jan 4, 2010 8:10pm Jan 4, 2010 8:10pm
Quoting bkg102665
Hello piples..lol

Just wanted to say hello and Happy New Year!! I am looking for 1.6140 on the top side and maybe on down to 1.5920 for the bottom. Just my humble opinion, what are you guys seeing?

Get a weekly close look for a retest and open the flood gates lol, I know I'll put the new castle's down in the far distant future but you asked??? 1.5700 is key imho.
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  • #28,130
  • Jan 5, 2010 2:54am Jan 5, 2010 2:54am
That 15m hammer off the 248ema 1hr 62 on e/j is playing out so far, it would be nice to see it push through yesterdays low for real.
  • #28,131
  • Jan 5, 2010 3:06am Jan 5, 2010 3:06am
Quoting 4fun
That 15m hammer off the 248ema 1hr 62 on e/j is playing out so far, it would be nice to see it push through yesterdays low for real.

Nice one.. I jumped to soon on the first hammer at the 21 ema.. took a small gain. Then missed the 62 the more important entry.. Will I ever learn ? YES Note to Self : never be afraid to re enter, a failed entry is not a bad trade just to soon. Price is trying to get us a better entry point. So take it.
Good Trading To All ; Ken Lee
  • #28,132
  • Jan 5, 2010 3:16am Jan 5, 2010 3:16am
short G/U @ 1.6059, SL: 1.6095 (above 35sma). trading reason 1/5 O'clock,
Other facts: price broke PPA 1.6059 (good). looks like hangman at the bottom of 15m (bad)
Dancing with Candlesticks
  • #28,133
  • Jan 5, 2010 3:22am Jan 5, 2010 3:22am
Quoting 4fun
That 15m hammer off the 248ema 1hr 62 on e/j is playing out so far, it would be nice to see it push through yesterdays low for real.
Nice Entry !

But I missed that entry, now I am looking for another seat.
Dancing with Candlesticks
  • #28,134
  • Jan 5, 2010 3:37am Jan 5, 2010 3:37am
Quoting 4fun
That 15m hammer off the 248ema 1hr 62 on e/j is playing out so far, it would be nice to see it push through yesterdays low for real.
Hi, 4fun
I have a question if you do not mind.
At the entry point of this trade, how do you think about the long hangman on 4h ?
(For me, I feel not cofident to enter, but it proved that I was not right)
Dancing with Candlesticks
  • #28,135
  • Jan 5, 2010 3:45am Jan 5, 2010 3:45am
missed the elevator ride down making coffee
  • #28,136
  • Jan 5, 2010 7:49am Jan 5, 2010 7:49am
Good morning everyone, and Happy New Year from freezing Canada. First trade of the day, took a short @ 1.6028 when the candle closed below the 5/10 - closed for 10 pips.
Cap
  • #28,137
  • Jan 5, 2010 7:56am Jan 5, 2010 7:56am
Quoting iForex
Hi, 4fun
I have a question if you do not mind.
At the entry point of this trade, how do you think about the long hangman on 4h ?
(For me, I feel not cofident to enter, but it proved that I was not right)
Sorry for the delayed response, I couldnt keep my eyes open had to go back to bed. That hammer is a valid issue but I like to see a hammer on a bit more of a run down it looked like it had some room to wiggle really a case of location. Location is very very very important when looking at specific candles. It did come back and get my original entry. In again but not at that original price.
  • #28,138
  • Jan 5, 2010 8:18am Jan 5, 2010 8:18am
Looks like the mistress tripped and fellhttp://cdn.forexfactory.com/images/icons/icon14.gif
  • #28,139
  • Jan 5, 2010 9:02am Jan 5, 2010 9:02am
Quoting 4fun
Looks like the mistress tripped and fellhttp://cdn.forexfactory.com/images/icons/icon14.gif
She did nicely!

However, I've taken a small long position at 131.56, 20 pip SL
Just digging in the trenches like everyone else!
  • #28,140
  • Jan 5, 2010 9:05am Jan 5, 2010 9:05am
Quoting 4fun
Looks like the mistress tripped and fellhttp://cdn.forexfactory.com/images/icons/icon14.gif
She has nicely!

I've taken a small long at 131.56. Sorry the servers were busy and wouldn't let me post. WHy did I take it? H1 closed flat, m15 closed flat. Waited a minute and jumped in with a tight SL.
Just digging in the trenches like everyone else!
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