Trade what you see NOT what you expect | Page 1647 | Forex Factory

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Trade what you see NOT what you expect

  • #32,921
  • Mar 16, 2010 2:18pm Mar 16, 2010 2:18pm
Sitting on Daily 20EMA and just filled the gap from two weeks ago
  • #32,922
  • Mar 16, 2010 2:39pm Mar 16, 2010 2:39pm
Quoting bkg102665
The bottom circled candle is the candle that crossed through the 35ma, moving up the next circle represents where I entered.The 200ma was staring me in the face so I did not enter until we broke the high of the candles that could not close above the 200ma. the next cirle is where I got out with exactly 50 pips. The circle on the red candle is where I would have exited the trade had I not got taken out at my t/p.
.........and you said you were not to good at posting charts !!!!!!!

Perfect explanation.

My understanding, which is obviously wrong, was that there has to be a drop from the first close through the 35.

ie.... it passes through, closes, retraces back and then comes through again at a later time.

But I see in your example, that it is almost a pure continuation.

Lee
  • #32,923
  • Mar 17, 2010 1:55am Mar 17, 2010 1:55am
Good MAE all.
Hows trades today?
  • #32,924
  • Mar 17, 2010 2:17am Mar 17, 2010 2:17am
Good MAE Tim. I hope you are well today. tradin green but a little slow at the moment. hows things with you
" When the ship starts to sink, don't just pray. JUMP "
  • #32,925
  • Mar 17, 2010 2:59am Mar 17, 2010 2:59am
Shooting star on 1hr EU?
  • #32,926
  • Mar 17, 2010 3:07am Mar 17, 2010 3:07am
Quoting leemonk
Shooting star on 1hr EU?
I saw that, took a small short at 3798.
  • #32,927
  • Mar 17, 2010 3:10am Mar 17, 2010 3:10am
Quoting Chicopips
I saw that, took a small short at 3798.
Well done.

I saw it and DIDN'T act on it, despite bloody posting it here!

Shocker
  • #32,928
  • Mar 17, 2010 3:10am Mar 17, 2010 3:10am
Good morning Lee and Chico. I hope you are both well today
" When the ship starts to sink, don't just pray. JUMP "
  • #32,929
  • Mar 17, 2010 3:14am Mar 17, 2010 3:14am
Quoting Gladis Night
Good morning Lee and Chico. I hope you are both well today
Good morning. Actually its afternoon here, but so far all is well.
  • #32,930
  • Mar 17, 2010 3:15am Mar 17, 2010 3:15am
Quoting Chicopips
Good morning. Actually its afternoon here, but so far all is well.
Ha.... the only time Gladis doesn't say 'MAE' and she gets busted!!!

I'm very well Gladis. You?

I have taken today off work to try and put some of this manual into practice!

Regards

Lee
  • #32,931
  • Mar 17, 2010 3:20am Mar 17, 2010 3:20am
Hey I'm blonde and trading, do you really expect me to know the time of day as well LOL
" When the ship starts to sink, don't just pray. JUMP "
  • #32,932
  • Mar 17, 2010 3:24am Mar 17, 2010 3:24am
Hey,

If this trade closed as it looks now, would it be considered a tweezer and therefore a likely reversal as the wicks were close to the daily low?

Regards

Lee
Attached Image (click to enlarge)
Click to Enlarge Name: example.jpg Size: 123 KB
  • #32,933
  • Mar 17, 2010 3:39am Mar 17, 2010 3:39am
Quoting leemonk
Shooting star on 1hr EU?
As I missed my short at the start of the 1hr candle following the shooting star. Is my next real opportunity the 35 cross + 35 pip gap? ie do i need to wait for the candle to close below the 35 and wait for another to close 35 beyond that or can I just get in at another signal?

Lee
Attached Image (click to enlarge)
Click to Enlarge Name: example.jpg Size: 124 KB
  • #32,934
  • Mar 17, 2010 3:54am Mar 17, 2010 3:54am
Hi Leewatch for 35/50 and also strong support area
" When the ship starts to sink, don't just pray. JUMP "
  • #32,935
  • Mar 17, 2010 3:58am Mar 17, 2010 3:58am
Quoting leemonk
As I missed my short at the start of the 1hr candle following the shooting star. Is my next real opportunity the 35 cross + 35 pip gap? ie do i need to wait for the candle to close below the 35 and wait for another to close 35 beyond that or can I just get in at another signal?

Lee
Good morning All.

1h shoting star was nice ( got divergence there ), but best entry was at 1.3815 ( pivot R1 ).Now I wait for Asian breakout if 1h 10 sma not hold the price. Will see.
  • #32,936
  • Mar 17, 2010 3:59am Mar 17, 2010 3:59am
Good morning kodziro
" When the ship starts to sink, don't just pray. JUMP "
  • #32,937
  • Mar 17, 2010 4:03am Mar 17, 2010 4:03am
Quoting kodziro
Good morning All.

1h shoting star was nice ( got divergence there ), but best entry was at 1.3815 ( pivot R1 ).Now I wait for Asian breakout if 1h 10 sma not hold the price. Will see.
I took a half profit at this point, lots of resistance around here. If it really breaks out, can always add on a drawback. Im still a rookie at this, but learning more every day.
  • #32,938
  • Mar 17, 2010 4:04am Mar 17, 2010 4:04am
Quoting Gladis Night
Hi Leewatch for 35/50 and also strong support area
Yeah.... thanks for that!

I just resisted the urge to go in as the hour candle following the star just close fairly bearish.

I am trying to be discaplined.... I don't really know whats happening, so I am staying out.

Though.........its sooooo tempting.
  • #32,939
  • Mar 17, 2010 6:53am Mar 17, 2010 6:53am
Good MAE everyone!! I hope you are all doing well.
Please ask questions and share your experiences with us all!
  • #32,940
  • Mar 17, 2010 7:20am Mar 17, 2010 7:20am
Good morning bkg. doin fine thanx how are you today
" When the ship starts to sink, don't just pray. JUMP "
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