Trade what you see NOT what you expect | Page 1580 | Forex Factory

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Trade what you see NOT what you expect

  • #31,581
  • Feb 12, 2010 8:01am Feb 12, 2010 8:01am
Quoting MCFly
I got 3 pips from the little bounce of the 122.20 area. ...
I was more referring to an entry in the 121.4x area or down the 1hr wick in the 121.7x area. I unfortunately was in bed but I did get the short off the 1hr 62 earlier. Made some nice pips while !
  • #31,582
  • Feb 12, 2010 8:04am Feb 12, 2010 8:04am
Quoting PippiNole
I'm doing well Gladis and yourself?
I am glad to hear that. I am doing nicely thank you
" When the ship starts to sink, don't just pray. JUMP "
  • #31,583
  • Feb 12, 2010 8:14am Feb 12, 2010 8:14am
Quoting PippiNole
I was more referring to an entry in the 121.4x area or down the 1hr wick in the 121.7x area. I unfortunately was in bed but I did get the short off the 1hr 62 earlier. Made some nice pips while !
I know but I was afk when the long happened. By the way I'm short e/j now.

Nice trades pipi.
  • #31,584
  • Feb 12, 2010 8:19am Feb 12, 2010 8:19am
Quoting MCFly
I know but I was afk when the long happened. By the way I'm short e/j now.

Nice trades pipi.
Thanks and I'm with you on the EJ short!
  • #31,585
  • Feb 12, 2010 8:35am Feb 12, 2010 8:35am
Hi everyone,

I'm still here..... just sitting in the background awaiting my grading from 'babypips' (great site).

May I ask a question, though I warn it may be a little (ahhem) novice.

I see that many people refer to the 35/50 which I gather are the Moving Average lines. Can I ask why these are so important (if they actualy are)?

Regards

Lee
  • #31,586
  • Feb 12, 2010 8:38am Feb 12, 2010 8:38am
Yesterday I mentioned how the 1hr 200 on the Euro twins was very kind to me, did anyone take the Mrs trade besides me during E/L this morning off of the 1hr 200?
  • #31,587
  • Feb 12, 2010 9:03am Feb 12, 2010 9:03am
Quoting PippiNole
Yesterday I mentioned how the 1hr 200 on the Euro twins was very kind to me, did anyone take the Mrs trade besides me during E/L this morning off of the 1hr 200?
Pippi have you traded the last moves?
  • #31,588
  • Feb 12, 2010 9:05am Feb 12, 2010 9:05am
Quoting PippiNole
Yesterday I mentioned how the 1hr 200 on the Euro twins was very kind to me, did anyone take the Mrs trade besides me during E/L this morning off of the 1hr 200?
No one took that trade? WTF!!!!

Even if you didn't enter right off the 200 it still formed a DBHLC on the 15 min chart which formed the wick on the 1hr chart. You had a second chance half way up the 1hr wick.
  • #31,589
  • Feb 12, 2010 9:07am Feb 12, 2010 9:07am
Quoting MCFly
Pippi have you traded the last moves?
Yes I took a long on EJ at 121.95 based on the 1hr support for some nice pippage and a long on GU from 5585 for the same reason but I missed EU.
  • #31,590
  • Feb 12, 2010 9:17am Feb 12, 2010 9:17am
Quoting PippiNole
Yes I took a long on EJ at 121.95 based on the 1hr support for some nice pippage and a long on GU from 5585 for the same reason but I missed EU.
Great trades and nice pippage

Does this mean that you trade even when important news will be announced in a few minutes?
  • #31,591
  • Feb 12, 2010 9:27am Feb 12, 2010 9:27am
Quoting MCFly
Great trades and nice pippage

Does this mean that you trade even when important news will be announced in a few minutes?
All of these trades this morning I was in and had taken profit and covered before the news announcements except the EJ short which I took the candle after the news announcement. There are only a few posted news announcements that I am more weary of and that would be Rate announcements and of course NFP.
  • #31,592
  • Feb 12, 2010 9:27am Feb 12, 2010 9:27am
Hi all - can anyone reccommend a good broker (uk based) other than ig index thanks in advance wm
Sleeping boys catch no fish
  • #31,593
  • Feb 12, 2010 9:30am Feb 12, 2010 9:30am
Quoting PippiNole
Yes I took a long on EJ at 121.95 based on the 1hr support for some nice pippage and a long on GU from 5585 for the same reason but I missed EU.
Hi, Pipp
very nice trade!
can u explain why u took those trade (with picture if possible), and how u put your SL?
Thanks for sharing to newbies.
Dancing with Candlesticks
  • #31,594
  • Feb 12, 2010 9:42am Feb 12, 2010 9:42am
Quoting iForex
Hi, Pipp
very nice trade!
can u explain why u took those trade (with picture if possible), and how u put your SL?
Thanks for sharing to newbies.
I suck at posting charts so I will have to briefly explain it.

On GU we had support from yesterday on the 1hr chart at a low close of 5580. This morning we had a DBLHC on the 15 min chart with a low of 5584. I took an aggressive trade based on this support. You could have waited for proper PA on the 15 min chart and taken the trade after the 15 min hammer. I typically don't use much more than a 15-20 pip stop but on this trade if you took it when I did your stop would have been below the 1hr wick at 5560. If you took the trade after the 15 min hammer then your stop would be below the hammers wick.

Similar trade on EJ with this mornings 1hr close was 121.93.
  • #31,595
  • Feb 12, 2010 9:59am Feb 12, 2010 9:59am
Hi pipi ,
how about 35/50 trades ..do use the standard 35 pip SL or 15-20 pips as well?
  • #31,596
  • Feb 12, 2010 10:02am Feb 12, 2010 10:02am
Quoting p1p
Hi pipi ,
how about 35/50 trades ..do use the standard 35 pip SL or 15-20 pips as well?
I plead the 5th!
  • #31,597
  • Feb 12, 2010 10:04am Feb 12, 2010 10:04am
hi sorry pipi ,
I dont understand wat u mean..
  • #31,598
  • Feb 12, 2010 10:05am Feb 12, 2010 10:05am
Hey Gladis I think it is time for a new avatar photo from you. Maybe in some of the attire that you saw some of our former seminar attendees having fun in!
  • #31,599
  • Feb 12, 2010 10:07am Feb 12, 2010 10:07am
Quoting p1p
hi sorry pipi ,
I dont understand wat u mean..

http://en.wikipedia.org/wiki/Pleading_the_Fifth



It means that I refuse to answer that question on the grounds that it may incriminate me!
  • #31,600
  • Feb 12, 2010 10:08am Feb 12, 2010 10:08am
ho yah...did a google search on tht & find out wat u meant..
I was jus asking about the about the SL that u use..no issues..though..cheers
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