Trade what you see NOT what you expect | Page 1587 | Forex Factory

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Trade what you see NOT what you expect

  • #31,721
  • Feb 18, 2010 5:54am Feb 18, 2010 5:54am
Good morning bkg. I hope you are well today
" When the ship starts to sink, don't just pray. JUMP "
  • #31,722
  • Feb 18, 2010 5:55am Feb 18, 2010 5:55am
Quoting Gladis Night
Good morning bkg. I hope you are well today
Great thank you and I hope you are doing well also!!
Please ask questions and share your experiences with us all!
  • #31,723
  • Feb 18, 2010 5:57am Feb 18, 2010 5:57am
Quoting bkg102665
Great thank you and I hope you are doing well also!!
thats good to hear. i am green and on course, but a little slow today
" When the ship starts to sink, don't just pray. JUMP "
  • #31,724
  • Feb 18, 2010 6:02am Feb 18, 2010 6:02am
All i can say is Lee "the trend is your friend" that 1hr green candle (marked by the white arrow) could'nt even get a close above the 5ema ('scuse the ema's on this chart being different than Eo's,but it shows basically the same info).I might be/probably am wrong,and as I said in the first post a DBLHC is a tradable signal with this method,so I suppose well see what happens from here.
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (18-FEB-10).png Size: 28 KB
  • #31,725
  • Feb 18, 2010 6:22am Feb 18, 2010 6:22am
Quoting Gladis Night
Good morning bkg. I hope you are well today
boy am i slow.....i just 'got' your name lol
  • #31,726
  • Feb 18, 2010 6:24am Feb 18, 2010 6:24am
Thanks for the charts gents. Now I see what you see.

Please excuse my noobness, I hadn't learnt DBLHC before.

So... DD, you expected the red to drop down to halfway to the green as per your first post, but you then planned to take a long (buy) right?

Is that a pattern? DBLHC then another drop and then a good high?

Lee
  • #31,727
  • Feb 18, 2010 6:29am Feb 18, 2010 6:29am
I thought I'd post this to see if anybody found it helpful,it has been calculated by a guy who posts on the fx daily cable forum,see what you think of it. We are on week 3 at the moment and maybe point 11 has arrived and we are going to climb for a while,who knows.
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Click to Enlarge Name: gbpusd solution.jpg Size: 31 KB
  • #31,728
  • Feb 18, 2010 6:35am Feb 18, 2010 6:35am
Quoting leemonk
So... DD, you expected the red to drop down to halfway to the green as per your first post, but you then planned to take a long (buy) right?

Is that a pattern? DBLHC then another drop and then a good high?

Lee
Yes Lee in theory that's how those DBLHC trades work,wait for a retrace to some point down the previous candle (not sure whether it has to be halfway exactly) and then get in the trade. I can't say that I trade them myself ( I like to trade with the trend) but they do pay out.
  • #31,729
  • Feb 18, 2010 7:06am Feb 18, 2010 7:06am
Quoting lazyboy
long on mrs at 595.
out less 3 pip spread.
  • #31,730
  • Feb 18, 2010 7:24am Feb 18, 2010 7:24am
Quoting lazyboy
out less 3 pip spread.
not to much damage done
" When the ship starts to sink, don't just pray. JUMP "
  • #31,731
  • Feb 18, 2010 7:42am Feb 18, 2010 7:42am
Quoting Deputy Dawg
I thought I'd post this to see if anybody found it helpful,it has been calculated by a guy who posts on the fx daily cable forum,see what you think of it. We are on week 3 at the moment and maybe point 11 has arrived and we are going to climb for a while,who knows.
I am interested to know, what is this chart(tarot reading, lol) based on?
  • #31,732
  • Feb 18, 2010 8:25am Feb 18, 2010 8:25am
Morning everyone. Is anyone with me in this Mistress bounce off the H1 200? There was a beautiful DBLHC with tweezer bottoms on the m15, and the H1 rejected the close below the 200. Easy trade setup, hope everyone got it.

Edit: there was a very similar setup on the Temptress off 4 hour support.
Cap
  • #31,733
  • Feb 18, 2010 8:35am Feb 18, 2010 8:35am
Quoting The Captain
Morning everyone. Is anyone with me in this Mistress bounce off the H1 200? There was a beautiful DBLHC with tweezer bottoms on the m15, and the H1 rejected the close below the 200. Easy trade setup, hope everyone got it.

Edit: there was a very similar setup on the Temptress off 4 hour support.
Good morning Captain. i hope you are well today.
" When the ship starts to sink, don't just pray. JUMP "
  • #31,734
  • Feb 18, 2010 8:41am Feb 18, 2010 8:41am
Same to you Gladis.
Cap
  • #31,735
  • Feb 18, 2010 8:46am Feb 18, 2010 8:46am
Quoting The Captain
Morning everyone. Is anyone with me in this Mistress bounce off the H1 200? There was a beautiful DBLHC with tweezer bottoms on the m15, and the H1 rejected the close below the 200. Easy trade setup, hope everyone got it.

Edit: there was a very similar setup on the Temptress off 4 hour support.
Nice trade Captain, I missed it as I had my concentration on the eur/usd and picked up +53 on her.
Please ask questions and share your experiences with us all!
  • #31,736
  • Feb 18, 2010 9:05am Feb 18, 2010 9:05am
Quoting bkg102665
Nice trade Captain, I missed it as I had my concentration on the eur/usd and picked up +53 on her.
Good trade as well. I was eying up which one to take, and went with EJ.. either way they both did well for us.
Cap
  • #31,737
  • Feb 18, 2010 10:06am Feb 18, 2010 10:06am
Quoting jwUK
I am interested to know, what is this chart(tarot reading, lol) based on?
This is cycle analysis giving the approximate timing of high and lows during the trading week. This cycle repeats every 4 weeks. This is the complete solution. We are now on week #3 with the vertical lines on the graph midnight New York time.

The above paragraph is a quote from the originator of the graph.I believe it's based on Delta theory.Hope that answers your question and your not too disappointed about the lack of tarot involved.
  • #31,738
  • Feb 18, 2010 10:11am Feb 18, 2010 10:11am
Quoting Deputy Dawg
This is cycle analysis giving the approximate timing of high and lows during the trading week. This cycle repeats every 4 weeks. This is the complete solution. We are now on week #3 with the vertical lines on the graph midnight New York time.

The above paragraph is a quote from the originator of the graph.I believe it's based on Delta theory.Hope that answers your question and your not too disappointed about the lack of tarot involved.
It looks like part of the matrix cycle system
" When the ship starts to sink, don't just pray. JUMP "
  • #31,739
  • Feb 18, 2010 10:27am Feb 18, 2010 10:27am
Quoting Gladis Night
It looks like part of the matrix cycle system
Not bad.. for a blonde!
Cap
  • #31,740
  • Feb 18, 2010 10:29am Feb 18, 2010 10:29am
Quoting The Captain
Not bad.. for a blonde!
LOL never said I understood it
" When the ship starts to sink, don't just pray. JUMP "
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