Trade what you see NOT what you expect | Page 1743 | Forex Factory

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Trade what you see NOT what you expect

  • #34,841
  • Mar 19, 2012 5:47am Mar 19, 2012 5:47am
Yes, I've seen forextester- might check it out.


Cable's not really clear to me- it's just consolidating at the moment. Also Fridays daily candle although bullish, closed just below the 200sma, and I see a possible shampoo/ quasimodo forming (we're on the right shoulder now). It may not play out, but that 200sma is holding for now.
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There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,842
  • Mar 19, 2012 5:51am Mar 19, 2012 5:51am
Quoting Trotty
The story goes that he showed his hatred of the EOs once too often and the EOs finally snapped. They surrounded him, gaffer taped his mouth, tied him up in twine and kidnapped him. They now keep him in their cave where he is forced at knife point to grunt once when they should go long and twice when they should go short.

He still really, really hates EOs.
Haha, good reply!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,843
  • Mar 19, 2012 6:08am Mar 19, 2012 6:08am
Quoting Trader131
Yes, I've seen forextester- might check it out.


Cable's not really clear to me- it's just consolidating at the moment. Also Fridays daily candle although bullish, closed just below the 200sma, and I see a possible shampoo/ quasimodo forming (we're on the right shoulder now). It may not play out, but that 200sma is holding for now.
Good spot on that little quasimodo/H&S. That long half setup from earlier was good in the end but no regrets, i'm happy taking the clearer setups right now.
  • #34,844
  • Mar 19, 2012 6:28am Mar 19, 2012 6:28am
I'm having regrets now, lol
  • #34,845
  • Mar 19, 2012 6:30am Mar 19, 2012 6:30am
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Quoting Trotty
Good spot on that little quasimodo/H&S. That long half setup from earlier was good in the end but no regrets, i'm happy taking the clearer setups right now.
Yes, that long would have grabbed a few! The weekly chart of cable is bullish, so that h&s may not play out- it was just me thinking aloud. Looking for longs on a retrace now. Strong close , broken out of consolidation
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There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,846
  • Mar 19, 2012 8:17am Mar 19, 2012 8:17am
Trying a long from 150 on eu, 10 pip stop, not that keen on the trade. We will see.
  • #34,847
  • Mar 19, 2012 8:45am Mar 19, 2012 8:45am
We've retraced from the highs on cable, so have entered half a position off the 15min 21ema, and may add at the trendline if we go lower
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There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,848
  • Mar 19, 2012 8:47am Mar 19, 2012 8:47am
Don't like the last close on the hourly for bulls, so this is just a 15min play
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,849
  • Mar 19, 2012 9:29am Mar 19, 2012 9:29am
Added another half as trendline held, and just closing that half here at 70 to lock in some profit
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There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,850
  • Mar 19, 2012 9:41am Mar 19, 2012 9:41am
Quoting Trader131
Added another half as trendline held, and just closing that half here at 70 to lock in some profit
Nice work bud
  • #34,851
  • Mar 19, 2012 9:50am Mar 19, 2012 9:50am
Cheers, Trotty. But it looks like eurusd was the better call. You still in lazyboy? Taking quarter off at previous high, SL to BE now on last quarter
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There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,852
  • Mar 19, 2012 9:53am Mar 19, 2012 9:53am
Quoting Trader131
Cheers, Trotty. But it looks like eurusd was the better call. You still in lazyboy? Taking quarter off at previous high, SL to BE now on last quarter
If he is, he has a cracking R/R there on a 10 pips stop.
  • #34,853
  • Mar 19, 2012 10:33am Mar 19, 2012 10:33am
Quoting lazyboy
Trying a long from 150 on eu, 10 pip stop, not that keen on the trade. We will see.
Turned out nice again!
  • #34,854
  • Mar 19, 2012 10:54am Mar 19, 2012 10:54am
Quoting lazyboy
Turned out nice again!
Nice one, well done!
I've just got back from the school pickup, and see cable here, so have closed last quarter at the figure for 36 pips. Not wanting to hold any more, as the momentum isn't great. I'm going to take the cash and run for the hills!
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There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,855
  • Mar 19, 2012 11:11am Mar 19, 2012 11:11am
Quoting Trader131
Nice one, well done!
I've just got back from the school pickup, and see cable here, so have closed last quarter at the figure for 36 pips. Not wanting to hold any more, as the momentum isn't great. I'm going to take the cash and run for the hills!
Great stuff man! I just closed out my 2nd half. Looking at the daily not a bad place to exit on eu. Had a great few days so don't want to be greedy
  • #34,856
  • Mar 19, 2012 11:24am Mar 19, 2012 11:24am
Well traded boys, caught the best moves of the day between you. Been a little too busy with work today so not actually made a single entry yet.

I have now locked in 70 pips on my last third of my Euro trade from last week though and it's now at 170 pips.
  • #34,857
  • Mar 19, 2012 11:53am Mar 19, 2012 11:53am
Well done holding that last third, Trotty. You don't need to put on a trade everyday, if you catch moves like that!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,858
  • Mar 19, 2012 11:58am Mar 19, 2012 11:58am
Quoting Trader131
Well done holding that last third, Trotty. You don't need to put on a trade everyday, if you catch moves like that!
Cheers man. True but they're a very, very rare beast. My historical problem was taking profit too early so it takes a while to get from there to being able to hold part of one for a long while.

What was you overall R/R on the GU trade?
  • #34,859
  • Mar 19, 2012 12:08pm Mar 19, 2012 12:08pm
It's kind of complicated to give an exact figure, especially with this syle of trading. I initially entered at 64, then added the other position at 58, so net entry of 61, SL was at 44 below the 50 ma's, so net stop was 17 pips, Final take profit was at 00 but only on a quarter, but it's doing my head in to work it out exactly!, Probably better than 1:1, and in hindsight I shouldn't have closed the first half at 70, but it was the second trade of the week after a -2pip loss, so I wanted to lock in some green, and if we could trade in hindsight, we'd all be millionaires!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,860
  • Mar 19, 2012 12:15pm Mar 19, 2012 12:15pm
Quoting Trader131
It's kind of complicated to give an exact figure, especially with this syle of trading. I initially entered at 64, then added the other position at 58, so net entry of 61, SL was at 44 below the 50 ma's, so net stop was 17 pips, Final take profit was at 00 but only on a quarter, but it's doing my head in to work it out exactly!, Probably better than 1:1, and in hindsight I shouldn't have closed the first half at 70, but it was the second trade of the week after a -2pip loss, so I wanted to lock in some green, and [b]if we could trade in hindsight,...
Exactly! I don't tend to hold my first trade of the week very well generally, I like to start the week with profit so nothing wrong with any of that as far as I can see.
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