Trade what you see NOT what you expect | Page 1654 | Forex Factory

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Trade what you see NOT what you expect

  • #33,061
  • Mar 19, 2010 2:39am Mar 19, 2010 2:39am
Quoting MCFly
Hi all
Hi McFly
  • #33,062
  • Mar 19, 2010 2:39am Mar 19, 2010 2:39am
Morning people.

Still holding my long at 1.5129. Strong down trend but PO at the end of pin worked.
  • #33,063
  • Mar 19, 2010 2:47am Mar 19, 2010 2:47am
Quoting dario1002
Morning to you. I have been off from trading for a whole week, and i am going to take this day to check all my charts and graphs. I saw the kind of unusual behave of the GBPUSD and the EURUSD, which used to be flat till a certain point, and then break with a lot strenght in some direction. Interesting.

How was your trading week? We are heading toward 5115 on gbpusd. maybe i will be looking for some PA or i will just pull the trigger there for a bounce as EO "docet" (teach).

Always good to take a break and refresh from time to time. There have been some strong breakouts of consolidation periods but she's given the opportunity to catch some of the ride with patience and PA.

The 1hr 200sma is sitting around your 5115 area but it looks like the Fib users are also at play today with the 50% and 61% levels of the move up from the 16th (14978 - 15382) attracting some interest for those that trade them.

Macc
  • #33,064
  • Mar 19, 2010 3:01am Mar 19, 2010 3:01am
Hey all,

I'd like to ask a questions around S/R lines.

Please see attached chart.

I would like to know what is (if any) if the correct S/R line.

The blue line seems like a good support line as there was considerable selling pressure at points 1 & 2 where the buyers pushed the price back up - indicated by the long wicks.

However, the red line may be conisdered a support line too because of the even movement across it at point 3.

Can someone please enlighten me.

Regards

Lee
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 126 KB
  • #33,065
  • Mar 19, 2010 3:15am Mar 19, 2010 3:15am
Quoting theGuru
Hi BKG.
There were no alerts in the previous version but I have added these for you
I will be away for the next couple of days so if anyone has any other requests, I will get to them when I return.
Thanks again Guru and I hate to be a pain in the ass but I can not get it to work. It is showing up as a PHP file and I am wondering if tht is the prolem. Is anyone able to get it loaded???
Please ask questions and share your experiences with us all!
  • #33,066
  • Mar 19, 2010 3:26am Mar 19, 2010 3:26am
Anyone long with yesterdays 1h wick on EJ ?. Notice how 15 min candle closes not far from 122.64. ( quick +10, rest covered )
  • #33,067
  • Mar 19, 2010 3:30am Mar 19, 2010 3:30am
Quoting bkg102665
Thanks again Guru and I hate to be a pain in the ass but I can not get it to work. It is showing up as a PHP file and I am wondering if tht is the prolem. Is anyone able to get it loaded???
Sometimes that happens if you haven't quite caught the link right, try downloading from the paperclip instead, but if it is called attachment.php thats what is happening, you might have to click further along the wording to get it ok.
  • #33,068
  • Mar 19, 2010 3:33am Mar 19, 2010 3:33am
Good morning EO and bkg,

I have four questions about the 35pip zone breakout trade.

1. What if the breakout candle closes way outside the zone? Like (maybe a bad example) the news candle this GMT morning - 70 pips above the 35pip zone. Btw. I was lucky to be in the 35/50 (8 GMT) long from 5212 http://cdn.forexfactory.com/images/s...m/big_grin.gif.

2. How do you enter such trades? At the open of the next candle after the close outside the 35pip zone? And what about stop placement?

3. Is the 35 pip zone only for GU and EJ?

4. Is it better to trade only during London and US session or also Asia?

When do you fade price in the 35pip zone? Do you use "range rules" - like fade if it closes near to the boundary?


Hope these are not too many questions. http://cdn.forexfactory.com/images/s...im/winking.gif

Cheers

tdeu
  • #33,069
  • Mar 19, 2010 3:39am Mar 19, 2010 3:39am
Quoting luckylady
Sometimes that happens if you haven't quite caught the link right, try downloading from the paperclip instead, but if it is called attachment.php thats what is happening, you might have to click further along the wording to get it ok.
Not sure what you mean about paper clip....sorry
Please ask questions and share your experiences with us all!
  • #33,070
  • Mar 19, 2010 3:44am Mar 19, 2010 3:44am
Quoting bkg102665
Not sure what you mean about paper clip....sorry
Top right of the thread there is a paperclip with the attachments in it, hide images and then try to download from there instead of the post.
  • #33,071
  • Mar 19, 2010 4:01am Mar 19, 2010 4:01am
Quoting luckylady
Top right of the thread there is a paperclip with the attachments in it, hide images and then try to download from there instead of the post.
Thanks ,got it, and it loaded.I can not get it to alert but will work on that later. Thanks again.
Please ask questions and share your experiences with us all!
  • #33,072
  • Mar 19, 2010 4:55am Mar 19, 2010 4:55am
Quoting dario1002
Here's how my original system called to play the candle that closes through the m15 35. If price is heading south and closed at 5900, I would put an order to sell at 5860 with my SL 10 pips higher than the high of the candle that closed through the m15 35, once I was 25 pips in profit, I would take half off and trail the rest with a trailing SL of 25 pips.



so... just to point out the numbers... (and to check if i got u right)

a bearish candle which open at 5915 and close at 5900 and just crossed the m15 35 (let's say the 35...
That i publish again because it think it explains clearly the 35 pips break.
I don't want a job, i want money!
  • #33,073
  • Mar 19, 2010 4:56am Mar 19, 2010 4:56am
Quoting kodziro
Anyone long with yesterdays 1h wick on EJ ?. Notice how 15 min candle closes not far from 122.64. ( quick +10, rest covered )
It seems that area 122.64 is strong. We got couple chance to get in or add. Look at 1h divergence.I think it got some potential. Will see.
  • #33,074
  • Mar 19, 2010 5:21am Mar 19, 2010 5:21am
hey all,

Based on the resistance that seems to be evident around the Gu 1hr at 5161x, do we think its heading for another fall?

Just want to make sure I am reading this correctly.

Regards

Lee

*EDIT*

that said, there seems to be equally strong support around 5127/8.

Is this the sort of thing that sets the range for the day?
  • #33,075
  • Mar 19, 2010 5:45am Mar 19, 2010 5:45am
[quote=leemonk;3567082]hey all,

Based on the resistance that seems to be evident around the Gu 1hr at 5161x, do we think its heading for another fall?

I don`t know realy but you should be short with 15m doji near that resistance.
  • #33,076
  • Mar 19, 2010 5:54am Mar 19, 2010 5:54am
good morning,

what about the dblhc on 1hr GU?

tdeu
  • #33,077
  • Mar 19, 2010 6:22am Mar 19, 2010 6:22am
Its been ranging for a few hours now, you can either play the range with a tight stop loss outside of it, or wait for the breakout Eo talked about the other day on here.
  • #33,078
  • Mar 19, 2010 7:03am Mar 19, 2010 7:03am
Quoting leemonk
hey all,

Based on the resistance that seems to be evident around the Gu 1hr at 5161x, do we think its heading for another fall?

Just want to make sure I am reading this correctly.

Regards

Lee

*EDIT*

that said, there seems to be equally strong support around 5127/8.

Is this the sort of thing that sets the range for the day?

Okay.... some help please!

I could tell it was going to break, but i didnt know which way. Can someone please tell me why it dropped rather than lifting?

Lee
  • #33,079
  • Mar 19, 2010 7:17am Mar 19, 2010 7:17am
Quoting leemonk
Okay.... some help please!

I could tell it was going to break, but i didnt know which way. Can someone please tell me why it dropped rather than lifting?

Lee
Its only a matter of more sell orders than buy orders that come in and shift it downwards, but you're right, it could have broken out of the range either way.
  • #33,080
  • Mar 19, 2010 7:36am Mar 19, 2010 7:36am
Good morning/afternoon fellow traders!

Anybody long from 5060?
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