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Trade what you see NOT what you expect

  • #28,541
  • Jan 11, 2010 6:50am Jan 11, 2010 6:50am
If this 1hr bar can close below the 10ma it might beat out that last 4hr bar just a tug-o-war e/u atm
  • #28,542
  • Jan 11, 2010 7:15am Jan 11, 2010 7:15am
Been holding a short on GU at 6165 for about 3 hours now. I like the last hour close for this but had planned on adding up to 6200/30ish on her.

Does anyone else have a small gap on GU? (6026 to 6054). Just curious if it is a gap or I have a bad data feed on it. I don't know that much about gap trading but if it is indeed a gap, it should close at some point.
Ghost Rider - WWTBMD?
  • #28,543
  • Jan 11, 2010 7:19am Jan 11, 2010 7:19am
Quoting albchr
Been holding a short on GU at 6165 for about 3 hours now. I like the last hour close for this but had planned on adding up to 6200/30ish on her.

Does anyone else have a small gap on GU? (6026 to 6054). Just curious if it is a gap or I have a bad data feed on it. I don't know that much about gap trading but if it is indeed a gap, it should close at some point.
Hi I to have a gap between friday close and sunday open
" When the ship starts to sink, don't just pray. JUMP "
  • #28,544
  • Jan 11, 2010 7:19am Jan 11, 2010 7:19am
ive also been short on GU since 6186, but i dont have any gaps.
  • #28,545
  • Jan 11, 2010 7:20am Jan 11, 2010 7:20am
I am showing the same gap ibfx
  • #28,546
  • Jan 11, 2010 7:26am Jan 11, 2010 7:26am
Same here IBFX

Good to see you here Chris
  • #28,547
  • Jan 11, 2010 7:26am Jan 11, 2010 7:26am
Quoting albchr
Been holding a short on GU at 6165 for about 3 hours now. I like the last hour close for this but had planned on adding up to 6200/30ish on her.

Does anyone else have a small gap on GU? (6026 to 6054). Just curious if it is a gap or I have a bad data feed on it. I don't know that much about gap trading but if it is indeed a gap, it should close at some point.
Hi Chris,

I've a similar gap up but I put it down to a lagging feed on my charting software for the Sunday night open.

I nearly got in at the same price as you (6160) but waited to see if she'd make a pull-back from the s/r higher up around 6190. Didn't take the flat close 15m candle at 11.15 GMT but entered at 12.45 GMT after the retest of the s/r area and the small star(ish). I was wondering if she was going to push up to 622x area but perhaps a bit much for today

Macc
  • #28,548
  • Jan 11, 2010 7:36am Jan 11, 2010 7:36am
Quoting luckylady
Same here IBFX

Good to see you here Chris
Thanks everyone for the info. I too use ibfx.

My lovely Lucklady, it's really good to be back here and I won't be a stranger here anymore. Just needed some time off the forums to do a lot of study and make a few "New Years" trading rules for myself.

So far...so good...LOL
Ghost Rider - WWTBMD?
  • #28,549
  • Jan 11, 2010 7:46am Jan 11, 2010 7:46am
Quoting albchr
Thanks everyone for the info. I too use ibfx.

My lovely Lucklady, it's really good to be back here and I won't be a stranger here anymore. Just needed some time off the forums to do a lot of study and make a few "New Years" trading rules for myself.

So far...so good...LOL
Thats really good to hear Its good to have time off from forums sometimes, even though we don't want it to, it can very often affect the way we look at things, getting away means you come back refreshed hopefully and thinking straight.
  • #28,550
  • Jan 11, 2010 7:58am Jan 11, 2010 7:58am
Quoting luckylady
Thats really good to hear Its good to have time off from forums sometimes, even though we don't want it to, it can very often affect the way we look at things, getting away means you come back refreshed hopefully and thinking straight.
Refreshed...YES. Thinking straight? Well, as straight as this old sawdust filled brain of mine can...
Ghost Rider - WWTBMD?
  • #28,551
  • Jan 11, 2010 8:15am Jan 11, 2010 8:15am
Quoting albchr
Refreshed...YES. Thinking straight? Well, as straight as this old sawdust filled brain of mine can...
Well at least you've got an excuse, you were a carpenter after all Not sure what my excuse could be.
  • #28,552
  • Jan 11, 2010 8:20am Jan 11, 2010 8:20am
Quoting albchr
Been holding a short on GU at 6165
I got stopped out on SL. How did you determine your SL (if you had one)?

Or else, did you take the trade on the shooting star or later on the bearish engulfing?
  • #28,553
  • Jan 11, 2010 8:28am Jan 11, 2010 8:28am
Quoting perez
I got stopped out on SL. How did you determine your SL (if you had one)?

Or else, did you take the trade on the shooting star or later on the bearish engulfing?
Hope this helps, Chris posted on his own thread when he took the trade: http://www.forexfactory.com/showthre...95#post3355295
  • #28,554
  • Jan 11, 2010 8:31am Jan 11, 2010 8:31am
Quoting perez
I got stopped out on SL. How did you determine your SL (if you had one)?

Or else, did you take the trade on the shooting star or later on the bearish engulfing?
I have good Daily S/R at 6240 (along with the 4H/200) so my SL is at 6250. I had planned on scaling into this one up to that point so on the first position size of it I could afford that wide a stop.

A 4H close (1 hour 30 minutes for me) below 6120ish will confirm a gradual fall for me so I'll likely add more to it. This is meant to be a longer term trade so I'm looking for the 5800/5700 area on it. We'll see...
Ghost Rider - WWTBMD?
  • #28,555
  • Jan 11, 2010 8:35am Jan 11, 2010 8:35am
Good morning everyone! I'm short from up top, but I've just filled a long as well at 6127 tight SL.
Just digging in the trenches like everyone else!
  • #28,556
  • Jan 11, 2010 8:37am Jan 11, 2010 8:37am
Quoting eohater
Good morning everyone! I'm short from up top, but I've just filled a long as well at 6127 tight SL.
Someone might want to pm/email/fax/call/text Stew since I don't make live trade calls. Being that he's been trading for 5+ years, he needs these trade calls.
Just digging in the trenches like everyone else!
  • #28,557
  • Jan 11, 2010 8:40am Jan 11, 2010 8:40am
Good morning EO
" When the ship starts to sink, don't just pray. JUMP "
  • #28,558
  • Jan 11, 2010 8:41am Jan 11, 2010 8:41am
Quoting eohater
Someone might want to pm/email/fax/call/text Stew since I don't make live trade calls. Being that he's been trading for 5+ years, he needs these trade calls.
Man you don't let go easily do you..... ....
Ghost Rider - WWTBMD?
  • #28,559
  • Jan 11, 2010 8:42am Jan 11, 2010 8:42am
Quoting luckylady
Chris posted on his own thread when he took the trade: http://www.forexfactory.com/showthre...95#post3355295
Oh, that helps.

Good afternoon EO.
  • #28,560
  • Jan 11, 2010 8:43am Jan 11, 2010 8:43am
Quoting albchr
Man you don't let go easily do you..... ....
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