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Trade what you see NOT what you expect

  • #33,981
  • Mar 28, 2011 12:49am Mar 28, 2011 12:49am
An area i'm watching on EU. Pushing very hard north this morning after printing railroad tracks around London open. I will watch price action around the black circle as we have an intraday trendline, 50 fib and the area where it gapped down from last week all there. I won't bet against this strong push in a heartbeat though.
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  • #33,982
  • Mar 28, 2011 1:55am Mar 28, 2011 1:55am
Entry missed my area by about 2.5 pips and is moving south now.

Time to search for the next area.
  • #33,983
  • Mar 28, 2011 7:03am Mar 28, 2011 7:03am
hello guys...may i know your opinion on this trade...is the bullish candle is a 35/50 trade guys...??it hits a 35 pips stoploss......i am still learning...looking forward to all of your feedback.....
the third from the right one i mean....

edit: actually i am long from the support + TL and close at 15 50 EMA...and wait for this 35/50 trade to retrace back to 50 ema and open a new long..but it just hit my SL for 35 pips....
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  • #33,984
  • Mar 28, 2011 7:18am Mar 28, 2011 7:18am
It looks as if the EURUSD is marching towards the 62MA, and I guess some dudes are ready to cock their rifles, and ready to pull their triggers for Southern region.
  • #33,985
  • Mar 28, 2011 8:18am Mar 28, 2011 8:18am
Quoting steven_leo
hello guys...may i know your opinion on this trade...is the bullish candle is a 35/50 trade guys...??it hits a 35 pips stoploss......i am still learning...looking forward to all of your feedback.....
the third from the right one i mean....

edit: actually i am long from the support + TL and close at 15 50 EMA...and wait for this 35/50 trade to retrace back to 50 ema and open a new long..but it just hit my SL for 35 pips....
Hi mate. I tried to figure out what you meant here but it made a small part of my brain run away and join the foreign legion.

Any chance you could clear up what you mean and i'll gladly give you some feedback
  • #33,986
  • Mar 28, 2011 10:12am Mar 28, 2011 10:12am
Here is a 15m gbp/usd chart. Notice how price reacts to the 35ma. I always like to be trading what ever direction price is in relation to the 35ma. If it is above it I like to be long and below it I like to be short. I have to run but I will be back later tonight to answer any questions you guys may have. Trade well!!
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  • #33,987
  • Mar 28, 2011 10:12am Mar 28, 2011 10:12am
Quoting Trotty
Hi mate. I tried to figure out what you meant here but it made a small part of my brain run away and join the foreign legion.

Any chance you could clear up what you mean and i'll gladly give you some feedback


I believe he is referring to the 15 min bullish bar I highlighted. And from what i can gather he went short after the close of the bar. Im not very good with 35/50 cross trades so.....yeah
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  • #33,988
  • Mar 28, 2011 10:52am Mar 28, 2011 10:52am
Quoting steven_leo
hello guys...may i know your opinion on this trade...is the bullish candle is a 35/50 trade guys...??it hits a 35 pips stoploss......i am still learning...looking forward to all of your feedback.....
the third from the right one i mean....

edit: actually i am long from the support + TL and close at 15 50 EMA...and wait for this 35/50 trade to retrace back to 50 ema and open a new long..but it just hit my SL for 35 pips....
I'm still learning this method myself, but I looked at that at the time and glancing at the 1hr it had tried to beat the earlier low and failed, it then turned into a bullish candle at the bottom which put me off of looking for a short until seeing something more bearish, the 15min also had a bullish engulfing at the bottom.
  • #33,989
  • Mar 28, 2011 12:21pm Mar 28, 2011 12:21pm
Looks like we have a pin forming on the GU daily. Naturally it's not done painting yet but a pin it is now.

At a strong area of PPA as well. . .
Consistency separates luck from Skill
  • #33,990
  • Mar 28, 2011 12:27pm Mar 28, 2011 12:27pm
Quoting wingnut
Looks like we have a pin forming on the GU daily. Naturally it's not done painting yet but a pin it is now.

At a strong area of PPA as well. . .
Technically I guess it's more like a doji right now . . .
Consistency separates luck from Skill
  • #33,991
  • Mar 28, 2011 1:12pm Mar 28, 2011 1:12pm
Quoting wingnut
Technically I guess it's more like a doji right now . . .
Yes definitely a doji. I will keep taking longs above 5980, and I will be short below it targeting 5850ish.
Cap
  • #33,992
  • Mar 28, 2011 1:52pm Mar 28, 2011 1:52pm
Quoting The Captain
Yes definitely a doji. I will keep taking longs above 5980, and I will be short below it targeting 5850ish.
Still flat, waiting for her to reveal which way she wants to go.

Hopefully London session.......

HOLLA
  • #33,993
  • Mar 28, 2011 3:04pm Mar 28, 2011 3:04pm
Quoting Turtle
Still flat, waiting for her to reveal which way she wants to go.

Hopefully London session.......

HOLLA
Good plan bro! You stay up for London?
Cap
  • #33,994
  • Mar 28, 2011 3:19pm Mar 28, 2011 3:19pm
Quoting The Captain
Good plan bro! You stay up for London?
No bro, I will probably wake up around the GBP news time and then take a look at the 4hr candle close to see what is going on.

HOLLA
  • #33,995
  • Mar 28, 2011 4:25pm Mar 28, 2011 4:25pm
Quoting Trotty
Hi mate. I tried to figure out what you meant here but it made a small part of my brain run away and join the foreign legion.

Any chance you could clear up what you mean and i'll gladly give you some feedback
hello...sorry to make you confuse...my english is not very good...

ahsanfx make it clear already....i went short when the highlighted candle close with the 35/50 cross setup on my mind..

@ahsanfx...thankyou...
  • #33,996
  • Mar 28, 2011 4:31pm Mar 28, 2011 4:31pm
What's everybody thinking? I'm going to take an EU short here as long as it stays below the m15 50's.
Cap
  • #33,997
  • Mar 28, 2011 5:08pm Mar 28, 2011 5:08pm
I am long from here on gbp/usd at the 1.5980 support area and looking to take profit at the 1hr 200sma and 4hr 200sma area which are 1.6169 and 1.6160 respectfully.The 1.6025 area may cause some problems but we will see.
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  • #33,998
  • Mar 28, 2011 5:10pm Mar 28, 2011 5:10pm
ASHANFX

How do I get all three of my charts to show in an attachment as you did in a previous screen? I have them set up just like you on my charts but can only get it to save one chart at a time.
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  • #33,999
  • Edited 5:37pm Mar 28, 2011 5:21pm | Edited 5:37pm
Quoting bkg102665
I am long from here on gbp/usd at the 1.5980 support area and looking to take profit at the 1hr 200sma and 4hr 200sma area which are 1.6169 and 1.6160 respectfully.The 1.6025 area may cause some problems but we will see.
The pin circled in blue on the 4hr really is what I was looking at.I like the next bull candle. Waited for it to come back and test the 1.5980 area and took it long. Now I just hope it holds .
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  • #34,000
  • Mar 28, 2011 6:23pm Mar 28, 2011 6:23pm
Quoting bkg102665
The pin circled in blue on the 4hr really is what I was looking at.I like the next bull candle. Waited for it to come back and test the 1.5980 area and took it long. Now I just hope it holds .
Thought I was confused for a minute because I didn't see a pin on mine

But see you have Interbank feed while I have a FXDD feed. My 4hr candles close at 5pm, 9pm, 1am est, etc, etc.

HOLLA
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