Trade what you see NOT what you expect | Page 1572 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Why did you start trading and what do you expect from it? 19 replies

How soon after you put on a trade do you expect to be "in the money"? 28 replies

How do you see trading - Do you see it as a means to an end? 12 replies

how long do you expect to trade? 10 replies

Trade What You See And Not What You Hope 0 replies

Attachments: Trade what you see NOT what you expect
Exit Attachments

Trade what you see NOT what you expect

  • #31,421
  • Feb 10, 2010 4:21am Feb 10, 2010 4:21am
My take is that general opinion gbp is not too good at mo and it will continue it's journey down. This recent boost maybe down to the Germans and Europe in general helping out the Greeks. Keep eye on 16850 area just my opinion happy trading one and all
Sleeping boys catch no fish
  • #31,422
  • Feb 10, 2010 5:31am Feb 10, 2010 5:31am
Quoting dario1002
guys.. i am shocked.... never saw anything like that... even yesterday was everything less strong than now... i believe that with all this there is no technical analysis that might help. Just wanted to share this though with u. Anyway... turned a loss of about 20 pips (missed 35/50) into + 30 pips.

Happy birthday Dario!

Hi Dario. Happy birthday and well done on the +30 pips.

Just two things to mention. That GU sharp drop came at a time when the Bank of England Governor was to present his quarterly inflation report so that could have something to do with it. Here's what FF have to say:

"BOE Governor Jul 2003 - Jun 2013. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues;"

Secondly, you say that no technical analysis can help but if you look before the sharp drop there was an indecision/potential-reversal candle on the 15m chart at 10.15/10.30 am GMT and this was at yesterday's high and some daily s/r at 15750. So a possible signal for the short. Also, the price did stall and bounce at the 15m 35sma after the drop.

I'm not a big fan of trading right around news time but price action can still hold value during this big/volatile moves.

Once again, well done on the green pips

Macc
  • #31,423
  • Feb 10, 2010 6:05am Feb 10, 2010 6:05am
Quoting macc
Hi Dario. Happy birthday and well done on the +30 pips.

Just two things to mention. That GU sharp drop came at a time when the Bank of England Governor was to present his quarterly inflation report so that could have something to do with it. Here's what FF have to say:

"BOE Governor Jul 2003 - Jun 2013. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues;"

Secondly, you say that no technical analysis can help but if you look before the sharp drop there was an indecision/potential-reversal...

Hi Macc

Thank u for greetings. U are definitely right on what u said, and i totally agree. Just looking at the time frame of all this PA, it seemed to be too quick to take accurate and "meditaded" (not sure if this word is correct) decision... well, at least for me. Of course, looking at all that happen afterward, i already spotted and tried to "explain" what happened. Anyway... when there are news or speeches, i better stay away from trading or, if i feel lucky, just pull the trigger with a micro SL, just for the fun

Dario
I don't want a job, i want money!
  • #31,424
  • Feb 10, 2010 6:05am Feb 10, 2010 6:05am
I see 100% retrace of the news event, closed below the 1hr 64ma, an uptrend from going back to feb 8, and a possible bounce of the 10ma on the 4hr. I'm thinking enter long.
  • #31,425
  • Feb 10, 2010 6:20am Feb 10, 2010 6:20am
Quoting dario1002
Hi Macc

Thank u for greetings. U are definitely right on what u said, and i totally agree. Just looking at the time frame of all this PA, it seemed to be too quick to take accurate and "meditaded" (not sure if this word is correct) decision... well, at least for me. Of course, looking at all that happen afterward, i already spotted and tried to "explain" what happened. Anyway... when there are news or speeches, i better stay away from trading or, if i feel lucky, just pull the trigger with a micro SL, just for the fun

Dario
Not entering a trade close to an upcoming news release, or taking some profit and tightening your stop if you're already in a positive trade can be a sensible approach.

It could be that your analysis had identified the previous day's high and daily s/r as a possible short entry so when the 15m PA gave you your signal you took the trade anyway, regardless of the news release.

If price is a bit volatile, or price action is not clear or occurring in an undecided location on the chart, then it's never a bad thing to sit on the side until things become more clearly defined or have a better fit with your trading style/method.
  • #31,426
  • Edited 6:36am Feb 10, 2010 6:21am | Edited 6:36am
would you buy if the current candle closes above the TL?

it's against 4hr on my chart we closed below a PA line from the 8th - 1.5659

maybe it's better to short the confluence of 5EMA / 200MA and the TL overhead on M15

although we could close the current candle as a DBLHC - above the TL would be perfect

Quoting zeep
I see 100% retrace of the news event, closed below the 1hr 64ma, an uptrend from going back to feb 8, and a possible bounce of the 10ma on the 4hr. I'm thinking enter long.
  • #31,427
  • Feb 10, 2010 7:02am Feb 10, 2010 7:02am
Good morning everybody from North Carolina,USA. The big bad wolf is about to blow my house away, dang it's windy!!
Please ask questions and share your experiences with us all!
  • #31,428
  • Feb 10, 2010 7:07am Feb 10, 2010 7:07am
Quoting bkg102665
Good morning everybody from North Carolina,USA. The big bad wolf is about to blow my house away, dang it's windy!!
Good morning bkg
" When the ship starts to sink, don't just pray. JUMP "
  • #31,429
  • Feb 10, 2010 7:41am Feb 10, 2010 7:41am
Morning all, barely made it in to work this morning with a foot of snow and 30mph winds. Good trading to all today.
  • #31,430
  • Feb 10, 2010 7:49am Feb 10, 2010 7:49am
Good morning gilly
" When the ship starts to sink, don't just pray. JUMP "
  • #31,431
  • Feb 10, 2010 8:03am Feb 10, 2010 8:03am
Good evening Gladis, how did the day go for you?
  • #31,432
  • Feb 10, 2010 8:06am Feb 10, 2010 8:06am
Quoting gilly
Good evening Gladis, how did the day go for you?
a steady day but in the green thanks
" When the ship starts to sink, don't just pray. JUMP "
  • #31,433
  • Feb 10, 2010 8:44am Feb 10, 2010 8:44am
Morning/Afternoon/Evening everyone! I hope everyone's Govt. Motors truck is full of green pips.
Just digging in the trenches like everyone else!
  • #31,434
  • Feb 10, 2010 9:02am Feb 10, 2010 9:02am
Quoting eohater
Morning/Afternoon/Evening everyone! I hope everyone's Govt. Motors truck is full of green pips.
Good morning EO, having a great day and hope you are also!!
Please ask questions and share your experiences with us all!
  • #31,435
  • Feb 10, 2010 9:06am Feb 10, 2010 9:06am
Quoting eohater
Morning/Afternoon/Evening everyone! I hope everyone's Govt. Motors truck is full of green pips.
Morning EO. Hope you're managing to keep your pips warm over there.

Macc
  • #31,436
  • Feb 10, 2010 9:14am Feb 10, 2010 9:14am
Mary

I was just wondering if you got the indicators loaded that I sent you, magnified market price and the others......
Please ask questions and share your experiences with us all!
  • #31,437
  • Feb 10, 2010 9:18am Feb 10, 2010 9:18am
Quoting macc
Morning EO. Hope you're managing to keep your pips warm over there.

Macc
I've got them wrapped in an electric blanket!
Just digging in the trenches like everyone else!
  • #31,438
  • Feb 10, 2010 9:22am Feb 10, 2010 9:22am
Quoting eohater
I've got them wrapped in an electric blanket!
  • #31,439
  • Feb 10, 2010 9:26am Feb 10, 2010 9:26am
Hi, bkg

Got the indicators but couldn't download them. Thanks for sending them, though.
  • #31,440
  • Feb 10, 2010 9:41am Feb 10, 2010 9:41am
good morning,

does it make sense to look for dblhc if we close above the 5ema on gu?

because we're near yesterdays low

tdeu
4 traders viewing now