Trade what you see NOT what you expect | Page 1664 | Forex Factory

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Trade what you see NOT what you expect

  • #33,261
  • Mar 24, 2010 10:35am Mar 24, 2010 10:35am
What's up everyone!

Haven't been trading intraday for a while now as I've been busy at work. Just trading the HTF for now, and learning a ton which I know will help when I come back to intraday. I've been following the James16 chart thread for long term trade ideas, a pretty good thread.

Hope everyone here is making lots of pips! I still make sure I read all the posts in this thread. Gladis: I hope you are not up all night unable to sleep from missing me too much!

Later Traders!
Cap
  • #33,262
  • Mar 24, 2010 10:40am Mar 24, 2010 10:40am
Quoting The Captain
What's up everyone!

Haven't been trading intraday for a while now as I've been busy at work. Just trading the HTF for now, and learning a ton which I know will help when I come back to intraday. I've been following the James16 chart thread for long term trade ideas, a pretty good thread.

Hope everyone here is making lots of pips! I still make sure I read all the posts in this thread. Gladis: I hope you are not up all night unable to sleep from missing me too much!

Later Traders!
Oh Captain I nearly fainted LOL. I trust that you are well
" When the ship starts to sink, don't just pray. JUMP "
  • #33,263
  • Mar 24, 2010 11:10am Mar 24, 2010 11:10am
Hey all,

Just a quick question here.

As you can see from the chart (15min), I have take a short trade. The pink line is the 200 and the 50 from the 4hr chart.

As you can see, the line has been tested many times. Would it be considered sensible to take a short on every retest?

I am working on the assumption (shouldnt do that) that it will not break and everytime it is hit it gets reinforced.

What say you?

**EDIT** You can see my take profit line, which was sadly just missed. I missed some shorter term resistance lines, which I then put in pink!
Lee
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  • #33,264
  • Mar 24, 2010 11:25am Mar 24, 2010 11:25am
Hi LeeI broke the 200 a while ago
" When the ship starts to sink, don't just pray. JUMP "
  • #33,265
  • Mar 24, 2010 11:29am Mar 24, 2010 11:29am
Quoting Gladis Night
Hi LeeI broke the 200 a while ago
Really? on the 4hour?

My previous candles all closed just below it.

Ironically, its busted through now, but hasnt closed yet.
  • #33,266
  • Mar 24, 2010 11:33am Mar 24, 2010 11:33am
Quoting leemonk
Really? on the 4hour?

My previous candles all closed just below it.

Ironically, its busted through now, but hasnt closed yet.
sorry I missread thought you meatn 4hr 50 which is 200 i hr
" When the ship starts to sink, don't just pray. JUMP "
  • #33,267
  • Mar 24, 2010 2:08pm Mar 24, 2010 2:08pm
Hey all,

What do you make of this?

I am short and have been for a little while. It looks like a descending triagle to me.

I have then on both the 15 min and the 1hour. With a downtrend support on the 4 hour.

My next support, which is a major one is roughyl 100 pips down. That is of course apart from todays low.

WARNING - I AM NEW. DO NOT USE MY CHARTS UNLESS YOU AGREE WITH ME.

Cheers
Lee
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  • #33,268
  • Mar 24, 2010 2:10pm Mar 24, 2010 2:10pm
Part 2: Attachment (15min)
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  • #33,269
  • Mar 24, 2010 10:04pm Mar 24, 2010 10:04pm
Quoting gilly
Lee are you looking for the indi that looks like this?
hey i like your SR levels. what indi is that? i've never seen it
  • #33,270
  • Mar 25, 2010 4:37am Mar 25, 2010 4:37am
Hi everyone,

maybe it's only may data feed but somebody else noticed this crazy G/U gap?
  • #33,271
  • Mar 25, 2010 4:39am Mar 25, 2010 4:39am
Quoting MCFly
Hi everyone,

maybe it's only may data feed but somebody else noticed this crazy G/U gap?
It was a major news spike. Price seems to be settling down now.
  • #33,272
  • Mar 25, 2010 4:43am Mar 25, 2010 4:43am
Hey,

Personaly I thought this was the softest spike in news we have had for days. I also don't seem to have a gap.

What time and price was it and I'll look closer and come back.

Lee

**EDIT** I see it. Apologies. Yes, I have. It was filled pretty quick eh!
  • #33,273
  • Mar 25, 2010 4:43am Mar 25, 2010 4:43am
Quoting Chicopips
It was a major news spike. Price seems to be settling down now.
You're right I don't know why my ff calendar indicator didn't showed the news event. Never trust indicators!
  • #33,274
  • Mar 25, 2010 4:50am Mar 25, 2010 4:50am
Quoting leemonk
Hey,

Personaly I thought this was the softest spike in news we have had for days. I also don't seem to have a gap.

What time and price was it and I'll look closer and come back.

Lee

**EDIT** I see it. Apologies. Yes, I have. It was filled pretty quick eh!
My trade software data feed shows only a spike up to 60 pips but my odl demoacc data feed shows a gap from 1.4938 to 1.4987.
  • #33,275
  • Mar 25, 2010 4:53am Mar 25, 2010 4:53am
Gap
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  • #33,276
  • Mar 25, 2010 4:59am Mar 25, 2010 4:59am
Attached Image (click to enlarge)
Click to Enlarge Name: gap.gif Size: 14 KB
  • #33,277
  • Mar 25, 2010 5:14am Mar 25, 2010 5:14am
My chart shows a spike from 4950 to a hair over 5000, back to 4950.

Not very gentle over here, but I suspect some of the brokers took a chance to run some stops.
  • #33,278
  • Mar 25, 2010 6:14am Mar 25, 2010 6:14am
When the price bounces off the 62ema is there a number or a percentage that I should be looking for?

example:

Does the bounce normaly retrace 50% of the candle that hit it or should I be aiming for 15 pip or so?

It may be that its all down to whats happening on the chart, but I thought I would ask!

Lee
  • #33,279
  • Mar 25, 2010 6:25am Mar 25, 2010 6:25am
Good Morning People.

Just cover my short on EJ 123.15. (major MA 1h 200 sma with ppa ( weekly pivot ).
  • #33,280
  • Mar 25, 2010 6:30am Mar 25, 2010 6:30am
good morning kodziro. I hope you are well today
" When the ship starts to sink, don't just pray. JUMP "
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