Trade what you see NOT what you expect | Page 1740 | Forex Factory

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Trade what you see NOT what you expect

  • #34,781
  • Mar 16, 2012 6:49am Mar 16, 2012 6:49am
Quoting Trader131
Oh, man, I need more screens! Yes, I see there's a battle going on up there too.
Am waiting to see how this candle closes as it's trying to push higher right now.
  • #34,782
  • Mar 16, 2012 6:50am Mar 16, 2012 6:50am
Quoting micmic
Thanks, I don't expect much but the risk is small to non-existent, so why not. If you hear that I got stopped out or that I took a small profit, then immediately go short because that will be the point where it will fall 200 pips
Haha, you may still be fine. If we get a decent pinbar on the hourly close, I'll be looking to short
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,783
  • Mar 16, 2012 6:52am Mar 16, 2012 6:52am
Quoting Trotty
Am waiting to see how this candle closes as it's trying to push higher right now.
Yes, best to wait for PA when there's a lot of momentum like that- it's like stepping in front of a bus. I've been there many times- the bus always wins!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,784
  • Mar 16, 2012 6:54am Mar 16, 2012 6:54am
Euro bears fighting alot of forces:

1. 50% retrace on Daily for 2012 @ 1.3053

2. 38.2% retrace on Monthly drawn back from 10/1/00 - 7/1/08 @ 1.3072

Makes you wonder........

HOLLA
  • #34,785
  • Mar 16, 2012 7:01am Mar 16, 2012 7:01am
Quoting Turtle
Euro bears fighting alot of forces:

1. 50% retrace on Daily for 2012 @ 1.3053

2. 38.2% retrace on Monthly drawn back from 10/1/00 - 7/1/08 @ 1.3072

Makes you wonder........

HOLLA
I had today down as a bull today on the euro after the close yesterday so in my mind, I expect....hang on that's not right for this thread....I anticipate that it could finish they day bullish on the daily.
  • #34,786
  • Mar 16, 2012 7:02am Mar 16, 2012 7:02am
Quoting Trader131
Yes, best to wait for PA when there's a lot of momentum like that- it's like stepping in front of a bus. I've been there many times- the bus always wins!
Closed a nice pin but low volume, i'll sit out for now. I have a little ride north on EU now so don't really want to bet against my own trade....
  • #34,787
  • Mar 16, 2012 7:04am Mar 16, 2012 7:04am
Questionable close on cable hourly for me it's not clear
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,788
  • Mar 16, 2012 7:05am Mar 16, 2012 7:05am
Quoting Trotty
Closed a nice pin but low volume, i'll sit out for now. I have a little ride north on EU now so don't really want to bet against my own trade....
Yes, it's also quite a short pin compared to the momentum candles preceding it
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,789
  • Mar 16, 2012 7:06am Mar 16, 2012 7:06am
Quoting Trader131
Questionable close on cable hourly for me it's not clear
Shooting star, may get a little drop now maybe?
  • #34,790
  • Mar 16, 2012 7:07am Mar 16, 2012 7:07am
Quoting Trotty
Closed a nice pin but low volume, i'll sit out for now. I have a little ride north on EU now so don't really want to bet against my own trade....
Off for lunch for an hour so taken a little off this, moved stop to break even and who knows, might return to a few pips.....might not!
  • #34,791
  • Mar 16, 2012 7:08am Mar 16, 2012 7:08am
Good luck with it, but more important- Bon appetit!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,792
  • Mar 16, 2012 7:14am Mar 16, 2012 7:14am
Quoting Trotty
Closed a nice pin but low volume, i'll sit out for now. I have a little ride north on EU now so don't really want to bet against my own trade....
With you on that Trotty, hit the 305x I mentioned yesterday i was looking to long from. Closed the rest of my short there and now just half a long left in play

Have a good lunch!
  • #34,793
  • Mar 16, 2012 7:45am Mar 16, 2012 7:45am
Well done on those Euro longs!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,794
  • Mar 16, 2012 8:10am Mar 16, 2012 8:10am
Glad I took a look back, closed my short and went long and got a 1HR close above the 200 and TL.

All before the internet went out for 20 minutes.

Profit booked, s/l @ BE, time to go get some beer.

HOLLA
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  • #34,795
  • Mar 16, 2012 8:14am Mar 16, 2012 8:14am
Errrr, what the hell, lol!!!

My stop on this trade is 6 pips
  • #34,796
  • Mar 16, 2012 8:14am Mar 16, 2012 8:14am
Quoting Turtle
Glad I took a look back, closed my short and went long and got a 1HR close above the 200 and TL.

All before the internet went out for 20 minutes.

Profit booked, s/l @ BE, time to go get some beer.

HOLLA

Enjoy mate, well deserved i've no doubt
  • #34,797
  • Mar 16, 2012 8:18am Mar 16, 2012 8:18am
Top trading, guys! That 50 fib turtle mentioned was a stonker.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,798
  • Mar 16, 2012 9:03am Mar 16, 2012 9:03am
Quoting Trader131
Top trading, guys! That 50 fib turtle mentioned was a stonker.
This could end up some trade. I had a 6 pip stop and took 1/3 off at 1:1. The remaining 2/3 is at 100 pips!!!!

Been a while since I nailed one this well.
  • #34,799
  • Mar 16, 2012 9:07am Mar 16, 2012 9:07am
Quoting Trotty
This could end up some trade. I had a 6 pip stop and took 1/3 off at 1:1. The remaining 2/3 is at 100 pips!!!!

Been a while since I nailed one this well.
That's not a bad risk/reward ratio there...
I see some resistance hereat this level we're at now, but the bulls have a lot of momentum
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,800
  • Mar 16, 2012 9:07am Mar 16, 2012 9:07am
Quoting Trotty
This could end up some trade. I had a 6 pip stop and took 1/3 off at 1:1. The remaining 2/3 is at 100 pips!!!!

Been a while since I nailed one this well.
Just closed out my second half
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