Trade what you see NOT what you expect | Page 1411 | Forex Factory

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Trade what you see NOT what you expect

  • #28,201
  • Jan 6, 2010 9:36am Jan 6, 2010 9:36am
If anyone shorted gu in the 599x area, you should have alread booked 20 and get your position covered at BE after this m15 close.
Just digging in the trenches like everyone else!
  • #28,202
  • Jan 6, 2010 9:37am Jan 6, 2010 9:37am
Quoting 4fun
You dont always have to play in on the touch look on the 15m and the twissor tops touching the 200sma. Put the 248em on your 15m and watch for pa that should help you this wasnt a hard read from the 15m chart
Thanks!

Will keep this in mind next time.
It's a dirty job but someone's gotta do it!
  • #28,203
  • Jan 6, 2010 9:38am Jan 6, 2010 9:38am
Battle of buyers in the 596x area is going on now. Sellers have to take this level out to continue southbound. I mentioned in a prior post about the buyers inthe 596x area. Now you see why!
Just digging in the trenches like everyone else!
  • #28,204
  • Jan 6, 2010 9:39am Jan 6, 2010 9:39am
I hope you all refreshing this page! Otherwise, you're not going to see what I'm talking about.
Just digging in the trenches like everyone else!
  • #28,205
  • Jan 6, 2010 9:40am Jan 6, 2010 9:40am
Quoting eohater
Shorts on GU need to get back under the m15 5/10 now, or we'll continue our venture north. Don't be afraid to change your position if we don't get under.
If my SL at 6004 gets hit, I'll reverse to the M15/200
Ghost Rider - WWTBMD?
  • #28,206
  • Jan 6, 2010 9:41am Jan 6, 2010 9:41am
Quoting eohater
I hope you all refreshing this page! Otherwise, you're not going to see what I'm talking about.

LOL...hitting that button every few seconds.....
Ghost Rider - WWTBMD?
  • #28,207
  • Jan 6, 2010 9:41am Jan 6, 2010 9:41am
Quoting albchr
If my SL at 6004 gets hit, I'll reverse to the M15/200
Me too
  • #28,208
  • Jan 6, 2010 9:43am Jan 6, 2010 9:43am
The USDX is climbing hard ATM. We may see this 15 close under the 5/10
Ghost Rider - WWTBMD?
  • #28,209
  • Jan 6, 2010 9:45am Jan 6, 2010 9:45am
I wish we would have gotten under the damn m15 5/10 on that close
Just digging in the trenches like everyone else!
  • #28,210
  • Jan 6, 2010 9:45am Jan 6, 2010 9:45am
Happy New Year all!

Fantastic commentary, EO. It's great to see how you think in real time- we all know about so called "fantastic traders" who show you in hindsight how they picked the top or bottom...

Hitting the refresh button, now, probably missed 5 posts already!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #28,211
  • Jan 6, 2010 9:45am Jan 6, 2010 9:45am
Now is when everyone needs to take a 3rd eye and look at your h1 candle
Just digging in the trenches like everyone else!
  • #28,212
  • Jan 6, 2010 9:47am Jan 6, 2010 9:47am
Our h1 could produce a DBLHC, which would indicate continued buying presure. 1st target would be the m15 200 which is in line with the h1 50/62
Just digging in the trenches like everyone else!
  • #28,213
  • Jan 6, 2010 9:49am Jan 6, 2010 9:49am
Quoting Trader131
Happy New Year all!

Fantastic commentary, EO. It's great to see how you think in real time- we all know about so called "fantastic traders" who show you in hindsight how they picked the top or bottom...

Hitting the refresh button, now, probably missed 5 posts already!
We don't have to pick the top or bottom to get a good trade, we just need to follow the candles. They light the way and agree that price has only one trend direction it's EAST with PEAKS and VALLEYS. We just need to understand when to get on the slopes south and jump on the tow rope to the top.
Just digging in the trenches like everyone else!
  • #28,214
  • Jan 6, 2010 9:50am Jan 6, 2010 9:50am
Quoting eohater
Our h1 could produce a DBLHC, which would indicate continued buying presure. 1st target would be the m15 200 which is in line with the h1 50/62
One item that does concern me on the h1 closing as a DBLHC, is that my prior closed h4 is bearish like all get out.
Just digging in the trenches like everyone else!
  • #28,215
  • Jan 6, 2010 9:52am Jan 6, 2010 9:52am
Quoting eohater
We don't have to pick the top or bottom to get a good trade, we just need to follow the candles. They light the way and agree that price has only one trend direction it's EAST with PEAKS and VALLEYS. We just need to understand when to get on the slopes south and jump on the tow rope to the top.

Ghost Rider - WWTBMD?
  • #28,216
  • Jan 6, 2010 9:52am Jan 6, 2010 9:52am
Quoting eohater
Our h1 could produce a DBLHC, which would indicate continued buying presure. 1st target would be the m15 200 which is in line with the h1 50/62
Morning, EO
Thanks for good hints.

Question about 1H. It may close as inverted hammer too. In this case the closing number could be in 5960s area - buyer/seller buttleground.
Should we trust buying signal - inverted hammer?
Thanks
  • #28,217
  • Jan 6, 2010 9:52am Jan 6, 2010 9:52am
If this 15m closes below 1.5968 that should help southbounds
  • #28,218
  • Jan 6, 2010 9:54am Jan 6, 2010 9:54am
Quoting eohater
Our h1 could produce a DBLHC, which would indicate continued buying presure. 1st target would be the m15 200 which is in line with the h1 50/62
My 4 hr candle which will close in a few minutes is building a hammer.
  • #28,219
  • Jan 6, 2010 9:55am Jan 6, 2010 9:55am
Quoting 4fun
If this 15m closes below 1.5968 that should help southbounds
In deed, but buyers have this area covered atm. She's got to get under it, otherwise, we'll build value north.
Just digging in the trenches like everyone else!
  • #28,220
  • Jan 6, 2010 9:56am Jan 6, 2010 9:56am
Quoting MCFly
My 4 hr candle which will close in a few minutes is building a hammer.
Look closer at your h4. It's not a hammer. A hammer has not upper wick. It's close to a pin though. However, if it closes under the prior h4 wick, I'm staying on the southbound bus.
Just digging in the trenches like everyone else!
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