Trade what you see NOT what you expect | Page 1687 | Forex Factory

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Trade what you see NOT what you expect

  • #33,721
  • Oct 12, 2010 2:55am Oct 12, 2010 2:55am
Quoting egkid
Hi guys
Looks nice thread , Hope u don't mind to ask
What do u see on E/U ?
Current PA1.3835
I already have a plan but want to know how u guys see this pairs. So let's discuss or view if anyone interested
Im short of the ib on 15 min. Just put to be at 15+. Got support at 3826. A close below would be nice.
  • #33,722
  • Oct 12, 2010 3:01am Oct 12, 2010 3:01am
Quoting egkid
Hi guys
Looks nice thread , Hope u don't mind to ask
What do u see on E/U ?
Current PA1.3835
I already have a plan but want to know how u guys see this pairs. So let's discuss or view if anyone interested

Hi egkid....
i am still not sure about EU, what i know is that i have some PPA @3805 on the 4h chart + 50 EMA on the same TF + 200 SMA on 1H chart + very close round number. So that could be a good place where to go long for a little retracement. Still now PA didn't give any signs of going up. Bottomline.. i will look for a good PA at this level for going long (possibly with a S/L little under 3780), but will just let PA guide me... till there isn't any sign of going up i will stay aside.
I don't want a job, i want money!
  • #33,723
  • Oct 12, 2010 3:09am Oct 12, 2010 3:09am
Quoting Storeball
Im short of the ib on 15 min. Just put to be at 15+. Got support at 3826. A close below would be nice.
out at round number .3800 and a small past price flip between support and resistance on 4h.
  • #33,724
  • Oct 12, 2010 3:11am Oct 12, 2010 3:11am
Quoting Storeball
out at round number .3800 and a small past price flip between support and resistance on 4h.

GOOD CATCH
I don't want a job, i want money!
  • #33,725
  • Oct 12, 2010 3:19am Oct 12, 2010 3:19am
Lets see if price respects the lower line.
Attached Image (click to enlarge)
Click to Enlarge Name: eu15minchannel.jpg Size: 148 KB
  • #33,726
  • Oct 12, 2010 3:52am Oct 12, 2010 3:52am
Quoting Storeball
Nice catch man! Notice you also got resistance there which adds confluence. I got in a little later on the 15min 5ema.
God see how she is falling! And i got stopped out on my trading SL without catching any of it Bad SL management. Just after my sell she came into money so moved SL to BE Anyway will she her another day
Making money is easy- Just dont take losing trades
  • #33,727
  • Edited 4:11am Oct 12, 2010 4:02am | Edited 4:11am
Can anyone please explain if that rule can be applied only to 15 minutes or to other time frames too? Manual clearly says only 15 minutes. Just thought will clarify because GU 4H is looking like one to me and I have seen it working on other time frames too.

Edit: Anyway, this setup was there in AUDUSD this morning. 30 clean pips almost zero drawdown!
Making money is easy- Just dont take losing trades
  • #33,728
  • Oct 12, 2010 6:55am Oct 12, 2010 6:55am
This my view not technical or fundamental but market psychology
but of course i use technical tools this time i thought to post another way to analysis the market e/u and g/u
my pending Long order hit and in [email protected]
http://www.forexfactory.com/showpost...&postcount=755
  • #33,729
  • Oct 12, 2010 12:34pm Oct 12, 2010 12:34pm
Quoting egkid
This my view not technical or fundamental but market psychology
but of course i use technical tools this time i thought to post another way to analysis the market e/u and g/u
my pending Long order hit and in [email protected]
http://www.forexfactory.com/showpost...&postcount=755
Very interesting! Thanks for posting Always good to know a little about what happens behind price at our charts, eventhough we "trade what we see".

1.4 on eu could happen pretty fast, we will see with fomc coming out soon.
  • #33,730
  • Oct 13, 2010 3:12am Oct 13, 2010 3:12am
Quoting Storeball
Very interesting! Thanks for posting Always good to know a little about what happens behind price at our charts, eventhough we "trade what we see".

1.4 on eu could happen pretty fast, we will see with fomc coming out soon.
Your welcome
Hope my post help some newbie to understand how we can look to the market in other way not technical or fundamental but mental.
In my analysis i use the 3 method
  • #33,731
  • Oct 13, 2010 3:38am Oct 13, 2010 3:38am
Quoting egkid
Your welcome
Hope my post help some newbie to understand how we can look to the market in other way not technical or fundamental but mental.
In my analysis i use the 3 method
Hi Egkid... your post is interesting but it goes exactly against the basic "rule" or advise of this thread. What u wrote was basically... a bunch of guessing. They might be right... this time, and wrong the next time but the point is... when u start to guess what other people do, nothing prevent u from guessing that they will figure out what u guessed and do the opposite... and this is a never ending story.

Yesterday i was writing here that 38 was a nice round number with some confluences in different TF, that is why i was going to look for a good reason to go long. Of course that doesn't make me a good trader, i just had a lucky guess probably, but still i waited to SEE something and traded accordingly.

Just sharing my though... if that works for u.. means u are very good at predict human mental processes and... that is the best possible way to trade!!!!
I don't want a job, i want money!
  • #33,732
  • Oct 13, 2010 4:48am Oct 13, 2010 4:48am
Quoting dario1002
Hi Egkid... your post is interesting but it goes exactly against the basic "rule" or advise of this thread. What u wrote was basically... a bunch of guessing. They might be right... this time, and wrong the next time but the point is... when u start to guess what other people do, nothing prevent u from guessing that they will figure out what u guessed and do the opposite... and this is a never ending story.

Yesterday i was writing here that 38 was a nice round number with some confluences in different TF, that is why i was going to look for a...
1- As i said in my previous post i trade 3 methods
Technical, Fundamental, Mental
2-I don't predict but i look to my chart then read what it say and think of it

Another post hope that help
http://www.forexfactory.com/showpost...stcount=305117
  • #33,733
  • Oct 13, 2010 6:37am Oct 13, 2010 6:37am
Quoting dario1002
Hi Egkid... your post is interesting but it goes exactly against the basic "rule" or advise of this thread. What u wrote was basically... a bunch of guessing. They might be right... this time, and wrong the next time but the point is... when u start to guess what other people do, nothing prevent u from guessing that they will figure out what u guessed and do the opposite... and this is a never ending story.

Yesterday i was writing here that 38 was a nice round number with some confluences in different TF, that is why i was going to look for a...
Hi

PA is only effect of rection on imortant level s/r. More reason you find that price could react on them the more probab. trade you get ( even for a scalp ). Fibs and MA`s are just a lines but when appear together we look to the left to see nearest s/r to use it as a trigger. If you enter a trade exacly at this lines you get the best seat.

That trade what ekgid did may end up differently. But price reaction with them at least for 10+ pips was highly probable.
  • #33,734
  • Oct 13, 2010 5:38pm Oct 13, 2010 5:38pm
I am glad to see some activity in here again.I really enjoy the talk in this room compared to others.I hope some of the old crowd will find their way back here since the summer is over.

I agree with Captains earlier post, after years of doing it wrong I finally realized you have to look at higher time frame charts.I really like making my trades based off what the 4hr is telling me.I can say I am finally making money at this and it feels great.I still have losses as we all do but you can have success at this with a little hard work and a lot of patience.

I believe dollar weakness will at least get us back to 1.6000 area one more time and maybe beyound.As you can see from my chart I have a pending order in the 1.5860 area and looking for profit in the 1.5960 area.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.gif Size: 28 KB
Please ask questions and share your experiences with us all!
  • #33,735
  • Oct 13, 2010 5:58pm Oct 13, 2010 5:58pm
Quoting bkg102665
I am glad to see some activity in here again.I really enjoy the talk in this room compared to others.I hope some of the old crowd will find their way back here since the summer is over.

I agree with Captains earlier post, after years of doing it wrong I finally realized you have to look at higher time frame charts.I really like making my trades based off what the 4hr is telling me.I can say I am finally making money at this and it feels great.I still have losses as we all do but you can have success at this with a little hard work and a lot...
Nice BKG.. Seeing almost the same. But currently short from the retest of the TL from my 4 hour chart... Although I'm not sure if I'm liking my position as much as I was earlier.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 94 KB
Cap
  • #33,736
  • Oct 13, 2010 7:29pm Oct 13, 2010 7:29pm
Well I almost got my 1.6000 but the bad thing is it forgot to go down and pick me up first
Please ask questions and share your experiences with us all!
  • #33,737
  • Oct 14, 2010 1:19am Oct 14, 2010 1:19am
Quoting bkg102665
Well I almost got my 1.6000 but the bad thing is it forgot to go down and pick me up first
Missed the ride north as well bro. She is poking her head at 1.6000 once again. Here's what I'm seeing on the daily. She either breaks 1.6000 or it could be back to 1.5880.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 101 KB
Cap
  • #33,738
  • Oct 14, 2010 1:35am Oct 14, 2010 1:35am
Quoting The Captain
Missed the ride north as well bro. She is poking her head at 1.6000 once again. Here's what I'm seeing on the daily. She either breaks 1.6000 or it could be back to 1.5880.
If anyone is watching this setup.. keep your eye on the 15 minute for an entry. If it looks like sellers are coming in then jump on board, but cover yourself quickly.. She isn't going to just fall without buyers jumping in on every dip.

Peace!
Cap
  • #33,739
  • Oct 14, 2010 2:10am Oct 14, 2010 2:10am
Quoting The Captain
If anyone is watching this setup.. keep your eye on the 15 minute for an entry. If it looks like sellers are coming in then jump on board, but cover yourself quickly.. She isn't going to just fall without buyers jumping in on every dip.

Peace!

Hi guys.... EU and GU are flying up... still staying aside till i dont see anything interesting. Just a question... on GU i have as PPA 6025 and 6080 (back in january) and for EU 4110, 4154 and very strong level @4195. Will surely look for a setup at these levels, and meanwhile will take what the market has to offer. Notice the bearish divergence on EU 4H.

Cheers guys, let's try to keep this place alive... got deadly bored reading all the trash on Cable thread!!!!
I don't want a job, i want money!
  • #33,740
  • Oct 14, 2010 2:29am Oct 14, 2010 2:29am
im long and at be out of the ib/small pin on gu. If im not taken out im looking at 6060.
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