Trade what you see NOT what you expect | Page 1417 | Forex Factory

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Trade what you see NOT what you expect

  • #28,321
  • Jan 7, 2010 7:58am Jan 7, 2010 7:58am
Quoting iForex
Short E/J due to a shooting star on 15m, SL is above the wick
Took this short as well.. The H1 and H4 seem to be helping our cause as well. Plus up against some heavy resistance.
Cap
  • #28,322
  • Jan 7, 2010 8:00am Jan 7, 2010 8:00am
Sorry for the delayed response just got back.

The main thing is that you anticipated the trade correctly. I took 20 pips on half and I am using the 21 ema to trail with my stop, hoping for 1.583 target.

Looks as though a base is being formed so maybe longs will emerge once this hourly candle prints. Looking rather bullish..........




Quoting Deputy Dawg
thanks for for the congrats but I have to admit ,i did'nt take the trade,was just curious as to who thought what,as a better entry gives a tighter stop and less risk to your capital.

I was wondering if you had taken any off yet and what you were doing about the stop,glad that your in the green and taking care of business with the rest.
  • #28,323
  • Jan 7, 2010 8:05am Jan 7, 2010 8:05am
Closed remaining for 10 pips.
Looking now to 35/50 cross ??? H1 62 ema??? for re-entry short..
  • #28,324
  • Jan 7, 2010 8:15am Jan 7, 2010 8:15am
I went long at 1.5903 (1.5906 with spread) after the double bottom etc on the 1hr with stop just below the double bottom.
  • #28,325
  • Jan 7, 2010 8:20am Jan 7, 2010 8:20am


I missed it but still looking for the short.... soon I hope



Quoting luckylady
I went long at 1.5903 (1.5906 with spread) after the double bottom etc on the 1hr with stop just below the double bottom.
  • #28,326
  • Jan 7, 2010 8:24am Jan 7, 2010 8:24am
For those who missed the EJ short.. if this m15 closes as a shooting star below the 5/10 it might be another good opportunity. Also looking for a GU short.. Resistance at 1.5950
Cap
  • #28,327
  • Jan 7, 2010 8:27am Jan 7, 2010 8:27am
Quoting luckylady
I went long at 1.5903 (1.5906 with spread) after the double bottom etc on the 1hr with stop just below the double bottom.
I also went long at 5903 after double bottom .
But i've closed it just before news.

Anyway, here are my 2 cents (or euro-cents, or pennies).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1hr.jpg Size: 107 KB
Click to Enlarge Name: 15min.jpg Size: 94 KB
  • #28,328
  • Jan 7, 2010 8:27am Jan 7, 2010 8:27am
Quoting luckylady
I went long at 1.5903 (1.5906 with spread) after the double bottom etc on the 1hr with stop just below the double bottom.
nice! http://cdn.forexfactory.com/images/icons/icon14.gif

I waited for confirmation. Still in the green http://cdn.forexfactory.com/images/icons/icon7.gif.
  • #28,329
  • Jan 7, 2010 8:34am Jan 7, 2010 8:34am
Hope you've covered yourself and locked in profit, we have just had a 35/50 cross and also we are going against the trend so far today.
  • #28,330
  • Jan 7, 2010 8:42am Jan 7, 2010 8:42am
The h1 needs to close under the h1 10 below 5933 ideally for the short brigade to continue on, otherwise, we could see the h1 50/62/200 for our next shorting area. I'm short and long atm.
Just digging in the trenches like everyone else!
  • #28,331
  • Jan 7, 2010 8:46am Jan 7, 2010 8:46am
I closed half of the position at +22. The rest still open.

not anymore
  • #28,332
  • Jan 7, 2010 8:46am Jan 7, 2010 8:46am
(First demo trade)

I'm in short on the GU after the 35/50 cross at 2:35pm GMT. 2 quesitons:
1) Should I have gone short?
2) What should be my profit targets?
  • #28,333
  • Jan 7, 2010 8:52am Jan 7, 2010 8:52am
Raise your hand if you remember where I said buyers would be yesterday during US open (596x), the 35/50 cross and reverse trade was right up against it, support turned resistance and it all lines up with our ma's. Amazing isn't it?
Just digging in the trenches like everyone else!
  • #28,334
  • Jan 7, 2010 8:53am Jan 7, 2010 8:53am
Quoting eohater
Raise your hand if you remember where I said buyers would be yesterday during US open (596x), the 35/50 cross and reverse trade was right up against it, support turned resistance and it all lines up with our ma's. Amazing isn't it?
very!
  • #28,335
  • Jan 7, 2010 8:54am Jan 7, 2010 8:54am
If our southbound train continues, I'm targeting 584x, then 58, then I would love to see us finally get below 571x for our weekly close.
Just digging in the trenches like everyone else!
  • #28,336
  • Jan 7, 2010 8:55am Jan 7, 2010 8:55am
Quoting eohater
Raise your hand if you remember where I said buyers would be yesterday during US open (596x), the 35/50 cross and reverse trade was right up against it, support turned resistance and it all lines up with our ma's. Amazing isn't it?
Good morning EO. Yes and good pips thank you, (EO's magic )
" When the ship starts to sink, don't just pray. JUMP "
  • #28,337
  • Jan 7, 2010 8:57am Jan 7, 2010 8:57am
Quoting Gladis Night
Good morning EO. Yes and good pips thank you, (EO's magic )
Good morning! No magic, just pippage and candles that show the way along with our ma's.
Just digging in the trenches like everyone else!
  • #28,338
  • Jan 7, 2010 8:57am Jan 7, 2010 8:57am
Quoting eohater
Raise your hand if you remember where I said buyers would be yesterday during US open (596x), the 35/50 cross and reverse trade was right up against it, support turned resistance and it all lines up with our ma's. Amazing isn't it?
When the 35/50 sets up and plays out like that it's a thing of simplistic beauty.

One of the many gold nuggets out of this method.

Thanks for letting me in on the party EO

Macc
  • #28,339
  • Jan 7, 2010 8:58am Jan 7, 2010 8:58am
Quoting eohater
The h1 needs to close under the h1 10 below 5933 ideally for the short brigade to continue on, otherwise, we could see the h1 50/62/200 for our next shorting area. I'm short and long atm.
3m til close and battle is going on for price level. If we get the close under 5933, don't be surprised to still see her run up to 593x (Upper side) and then start her terror back south. Of course, buyers will be back down in the 5900 level. Keep your senses and SL in tact.
Just digging in the trenches like everyone else!
  • #28,340
  • Jan 7, 2010 9:00am Jan 7, 2010 9:00am
Quoting macc
When the 35/50 sets up and plays out like that it's a thing of simplistic beauty.

One of the many gold nuggets out of this method.

Thanks for letting me in on the party EO

Macc
Macc, your always welcome to the party!
Just digging in the trenches like everyone else!
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