Trade what you see NOT what you expect | Page 1568 | Forex Factory

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Trade what you see NOT what you expect

  • #31,341
  • Feb 9, 2010 3:47am Feb 9, 2010 3:47am
Quoting dario1002
that is the result of some news....
my death?
  • #31,342
  • Feb 9, 2010 3:55am Feb 9, 2010 3:55am
Quoting zeep
my death?

maybe they were deadly news?
I don't want a job, i want money!
  • #31,343
  • Feb 9, 2010 4:01am Feb 9, 2010 4:01am
What does anyone make of the one hour chart?

I see a hangman closing at 8.00am GMT - sell?

A long bear candle, almost flat bottomed closing at 9.00am GMT - buy?

... and something that looks quite bearish just about to close.

Is it time to forget the ema 62 I wonder and think about selling up the wick of this last one hour candle?

Shooting in the dark here. What is anyone else seeing?
  • #31,344
  • Feb 9, 2010 4:07am Feb 9, 2010 4:07am
Quoting Alison
What does anyone make of the one hour chart?

I see a hangman closing at 8.00am GMT - sell?

A long bear candle, almost flat bottomed closing at 9.00am GMT - buy?

... and something that looks quite bearish just about to close.

Is it time to forget the ema 62 I wonder and think about selling up the wick of this last one hour candle?

Shooting in the dark here. What is anyone else seeing?
I'm seeing a breakout, down, from a symmetric triangle. it shows resistance at 5590 right now.
  • #31,345
  • Feb 9, 2010 4:12am Feb 9, 2010 4:12am
Quoting zeep
I'm seeing a breakout, down, from a symmetric triangle. it shows resistance at 5590 right now.
Thank you.

Would that be the triple top with a rising lower trendline?
  • #31,346
  • Feb 9, 2010 4:21am Feb 9, 2010 4:21am
It might be helpful to post some charts of what you're seeing, helps to clarify things.
  • #31,347
  • Feb 9, 2010 4:34am Feb 9, 2010 4:34am
Quoting luckylady
It might be helpful to post some charts of what you're seeing, helps to clarify things.
Sorry, I wish I could post charts. I can see that it would be more helpful.

Alison
  • #31,348
  • Feb 9, 2010 4:38am Feb 9, 2010 4:38am
Quoting Alison
Sorry, I wish I could post charts. I can see that it would be more helpful.

Alison
If you have metatrader, just right click on the chart and choose save picture as, it will save it to your computer, you can then upload it here. If you know how to do it, but can't for another reason, just ignore me
  • #31,349
  • Feb 9, 2010 4:39am Feb 9, 2010 4:39am
Quoting luckylady
It might be helpful to post some charts of what you're seeing, helps to clarify things.
Good morning lucky. that's a good idea. would you be able to list the steps to do that? I would be the most grateful trader.
  • #31,350
  • Feb 9, 2010 4:42am Feb 9, 2010 4:42am
Quoting zeep
Good morning lucky. that's a good idea. would you be able to list the steps to do that? I would be the most grateful trader.
I posted some of it in the post above this one, then when you have grabbed it from metatrader, click on post, say what you have to say, then scroll down, you will see a button Manage Attachments click that and choose the image and click upload. It will upload it to your post.
  • #31,351
  • Feb 9, 2010 4:45am Feb 9, 2010 4:45am
Quoting zeep
Good morning lucky. that's a good idea. would you be able to list the steps to do that? I would be the most grateful trader.
I know there's a better way. still searching. in the meantime, please take a look at the attached.
Attached Image (click to enlarge)
Click to Enlarge Name: triangle_range 020910.gif Size: 62 KB
  • #31,352
  • Feb 9, 2010 5:06am Feb 9, 2010 5:06am
Quoting luckylady
I posted some of it in the post above this one, then when you have grabbed it from metatrader, click on post, say what you have to say, then scroll down, you will see a button Manage Attachments click that and choose the image and click upload. It will upload it to your post.
Thank you! I think I figured it out. next chart will post cleaner.
  • #31,353
  • Feb 9, 2010 5:11am Feb 9, 2010 5:11am
WHAT WAS THAT????
I don't want a job, i want money!
  • #31,354
  • Feb 9, 2010 5:14am Feb 9, 2010 5:14am
Hi All,

Shot dragon at 140.02 area resistance, Temptress same since 1.3733, not short GU yet....
Trade with the momentum
  • #31,355
  • Edited 5:53am Feb 9, 2010 5:21am | Edited 5:53am
Quoting zeep
I know there's a better way. still searching. in the meantime, please take a look at the attached.
If you right click on the chart, and choose "save as picture" and choose "as is" it will save the chart as an image then you can upload an image of just the chart.

The 4hr that closed an hour ago was a bearish engulfing (see image), the other 4hr I have that closes in less than an hours time is (at the moment) looking like a DBHLC all pointing to a move south, whether it can get through the support at this level is another matter. I personally wouldn't put a sell in at this level unless covering very fast (bounces off the ma's etc).

Ideally, looking at the 15min you would have been in a sell at around 8am GMT when numerous 15min candles failed to break higher and then there was a hangman on the 1hr. There was also the chance to get in short when we had a doji at the 9:15 gmt candle which bounced off the 10 ema.
Attached Image
  • #31,356
  • Feb 9, 2010 5:37am Feb 9, 2010 5:37am
Quoting luckylady
If you right click on the chart, and choose "save as picture" and choose "as is" it will save the chart as an image then you can upload an image of just the chart.

The 4hr that closed an hour ago was a bearish engulfing (see image), the other 4hr I have that closes in less than an hours time is (at the moment) looking like a DBHLC all pointing to a move south, whether it can get through the support at this level is another matter....
I should add, because otherwise I will get told off if you concentrate on the candle formations, looking at the 1hr and 4hr charts for confirmation and trade exactly what you see you won't go far wrong with this system.

If you are in doubt about a trade, then don't put it in, its better to stay out than take a loss, and also there isn't just GU to look at, take a leaf out of Pippinoles book, if one of his ladies isn't moving he goes to another. EU, EJ and GJ to name only 3 of them work really well with it as well.
  • #31,357
  • Feb 9, 2010 5:42am Feb 9, 2010 5:42am
Another 10 ema bounce on GU where you could have been covered by now.
  • #31,358
  • Feb 9, 2010 6:57am Feb 9, 2010 6:57am
Quoting luckylady
Another 10 ema bounce on GU where you could have been covered by now.
I have a short set up for the 1 hr 62ema @ 1.5649. we'll see. last time it didn't quite hit.
  • #31,359
  • Feb 9, 2010 7:29am Feb 9, 2010 7:29am
Quoting zeep
I have a short set up for the 1 hr 62ema @ 1.5649. we'll see. last time it didn't quite hit.
looks like it will not touch again this time.
and some times, when it touched the 1h62ema, it will spike through. it is quite difficult to judge. it is not only setup, there is a lot of other factors will affect.
Dancing with Candlesticks
  • #31,360
  • Feb 9, 2010 7:46am Feb 9, 2010 7:46am
Quoting iForex
looks like it will not touch again this time.
and some times, when it touched the 1h62ema, it will spike through. it is quite difficult to judge. it is not only setup, there is a lot of other factors will affect.
Agreed. I canceled that order.
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