Trade what you see NOT what you expect | Page 1737 | Forex Factory

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Trade what you see NOT what you expect

  • #34,721
  • Mar 15, 2012 5:24pm Mar 15, 2012 5:24pm
Quoting Trotty
Me too mate, never really found an entry
Yep bro, that's why she is wild, never know when she gonna take off.

HOLLA
  • #34,722
  • Mar 16, 2012 2:08am Mar 16, 2012 2:08am
Quoting Trotty
Stick around, we're brining this place back to life!
Finally
  • #34,723
  • Mar 16, 2012 2:21am Mar 16, 2012 2:21am
Short from the arrow, not trading via mt4 though. Closed half and rest is left to run stop at b/e
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  • #34,724
  • Mar 16, 2012 2:28am Mar 16, 2012 2:28am
Morning Lazyboy,

Nice trade, good to get covered quickly. I'm trying a long here on Eurusd. Reasons- bullish move yesterday, inverted hammer, support and 1hr 62ema(dotted orange line
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd15min.gif Size: 21 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,725
  • Mar 16, 2012 2:51am Mar 16, 2012 2:51am
Added some trendlines for a clearer picture, not much happaning until we break the triangle. Lazyboy is short from the top and I'm long from the bottom- I need get covered if we reach the upper trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd15min.gif Size: 21 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,726
  • Mar 16, 2012 2:58am Mar 16, 2012 2:58am
My SL is at 62, that's 15pips for me, and just below the Daily pivot. It may be tighter than EO's recommended 35 pips for an inverted hangman/hammer, but we'll have broken out of the triangle and made a lower low if we reach it. Don't want to risk any more than that. I can always re-enter later
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,727
  • Mar 16, 2012 3:01am Mar 16, 2012 3:01am
Quoting Trader131
My SL is at 62, that's 15pips for me, and just below the Daily pivot. It may be tighter than EO's recommended 35 pips for an inverted hangman/hammer, but we'll have broken out of the triangle and made a lower low if we reach it. Don't want to risk any more than that. I can always re-enter later
Morning bud. I'm flat probably for the next 15 mins at least, I don't really have a strong bias for the immediate short-term on EU but as you say, the bullish close and weak retrace does favour longs for now. Good luck with that trade
  • #34,728
  • Mar 16, 2012 3:16am Mar 16, 2012 3:16am
Quoting Trotty
Morning bud. I'm flat probably for the next 15 mins at least, I don't really have a strong bias for the immediate short-term on EU but as you say, the bullish close and weak retrace does favour longs for now. Good luck with that trade
Good Morning, Trotty!
Thanks, it's a viable trade, the lower wick is a bit long on the inverted hangman, but it's in a good position with confluence. No great loss if it doesn't work.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,729
  • Mar 16, 2012 3:22am Mar 16, 2012 3:22am
Quoting Trader131
Good Morning, Trotty!
Thanks, it's a viable trade, the lower wick is a bit long on the inverted hangman, but it's in a good position with confluence. No great loss if it doesn't work.
Absolutely mate, the cost of doing business. Hopefully it shoots up though
  • #34,730
  • Mar 16, 2012 3:35am Mar 16, 2012 3:35am
Hi all,

I am very interested in "what we see". In my view, it is very great to trade on what we will see in upcoming hours. Every day, I think, it has pre-determined range of price for market to move as it like. I believe that currencies are like fluid. They move from high density to low density areas (set of possibilities).

Fundamentals of every country always interact in lower layer of market interactions. At higher layer, the currencies interact each other to stimulate or to seek their equilibrium price. I hope my view could be accepted. Feel free to response since I am a newbie trader. Thank you very much.
  • #34,731
  • Mar 16, 2012 3:35am Mar 16, 2012 3:35am
Right, stop hit for -15. Will wait for a better entry
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,732
  • Mar 16, 2012 3:54am Mar 16, 2012 3:54am
Welcome, Chancellor. I don't know about anyone else, but I don't understand what you mean!

Please feel free to contribute, but in the interest of those reading this thread, please only post relating to EO's method, and all that that involves ie price action, channels etc Fundamentals are not really useful here, great if you find they help you, but they're not appropriate to this thread
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,733
  • Mar 16, 2012 4:00am Mar 16, 2012 4:00am
Quoting Trader131
Right, stop hit for -15. Will wait for a better entry
Hard luck mate, onwards and upwards.
  • #34,734
  • Mar 16, 2012 4:10am Mar 16, 2012 4:10am
Morning good people.......

Hope all is well this morning, at least it's Friday.....

HOLLA
  • #34,735
  • Mar 16, 2012 4:17am Mar 16, 2012 4:17am
Quoting Turtle
Morning good people.......

Hope all is well this morning, at least it's Friday.....

HOLLA
Morning Turtle, hope you're well. Yep, can't wait for the weekend. I have a fridge stocked with beer and i'm not afraid to use it
  • #34,736
  • Mar 16, 2012 4:18am Mar 16, 2012 4:18am
Hey, Turtle.
Got my fingers burned a little earlier, so just sitting out at the moment.

I've just added a channel I see developing on the 1 hr EURUSD- it makes for quite a few lines on the chart, but I think they're all valid.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd1hr.gif Size: 23 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,737
  • Mar 16, 2012 4:24am Mar 16, 2012 4:24am
Quoting Trotty
Morning Turtle, hope you're well. Yep, can't wait for the weekend. I have a fridge stocked with beer and i'm not afraid to use it
I hear that bro, going to pickup mine sometime this morning and then watch some basketball all weekend.

HOLLA
  • #34,738
  • Mar 16, 2012 4:26am Mar 16, 2012 4:26am
Quoting Trader131
Hey, Turtle.
Got my fingers burned a little earlier, so just sitting out at the moment.

I've just added a channel I see developing on the 1 hr EURUSD- it makes for quite a few lines on the chart, but I think they're all valid.
Yeah, Euro sure stuck in a channel, the question is which way we are going, I thought it would of broke 1.3100 by now, I guess that's why anything can happen in FX.

HOLLA
  • #34,739
  • Mar 16, 2012 4:29am Mar 16, 2012 4:29am
I see cable stalling here. 1hr chart
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd1hr.gif Size: 24 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,740
  • Mar 16, 2012 4:35am Mar 16, 2012 4:35am
It needs to break those last highs before I'll take a long position, which is that 4 hr "mutha" pin from earlier in the week
There is no top. There are always further heights to reach. Jascha Heifetz
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