Trade what you see NOT what you expect | Page 1744 | Forex Factory

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Trade what you see NOT what you expect

  • #34,861
  • Mar 19, 2012 10:16am Mar 19, 2012 10:16am
Tweezer/hangman type candle (not really a true one) on GU after failing to make a high on H1, will watch pa for possible short here.
  • #34,862
  • Mar 19, 2012 10:19am Mar 19, 2012 10:19am
Yes, I see that too. Good setup
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,863
  • Mar 19, 2012 10:43am Mar 19, 2012 10:43am
Quoting Trotty
Tweezer/hangman type candle (not really a true one) on GU after failing to make a high on H1, will watch pa for possible short here.
Similar nice short setup on the EU missed it though as was on the journey back from work.
  • #34,864
  • Mar 19, 2012 10:50am Mar 19, 2012 10:50am
Yes, but the dow's very strong today, so a lot of dollar weakness.

The next hourly close is important. If we close under 15900 (a pin here would be a beauty) it will be a good indication of bear strength, but with a powerful dow we'll have to wait and see.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,865
  • Mar 19, 2012 11:06am Mar 19, 2012 11:06am
Quoting Trader131
Yes, but the dow's very strong today, so a lot of dollar weakness.

The next hourly close is important. If we close under 15900 (a pin here would be a beauty) it will be a good indication of bear strength, but with a powerful dow we'll have to wait and see.
Good point, have to say I dont have a dow chart on but the EU short would have got me to risk free, oh well, wait for the next one. Was a nice time of day that as well with the european close profit taking after the move up.
  • #34,866
  • Mar 19, 2012 11:07am Mar 19, 2012 11:07am
Well that last hourly close was at 159015 on my feed- indecisive, but did close below the wick two candles before it. 1hr and 15min chart below.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd1hr.gif Size: 18 KB
Click to Enlarge Name: gbpusd15min.gif Size: 21 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,867
  • Mar 19, 2012 11:12am Mar 19, 2012 11:12am
OK this is just for you then, Lazyboy. My US500 15min
Attached Image
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,868
  • Mar 19, 2012 11:56am Mar 19, 2012 11:56am
Quoting Trader131
Yes, I see that too. Good setup
It was ok but until price breaches at least the 10ema, we need more conf in such an uptrend. You never can tell when another big shove will come out of the blue!
  • #34,869
  • Mar 19, 2012 12:46pm Mar 19, 2012 12:46pm
Quoting Trader131
OK this is just for you then, Lazyboy. My US500 15min
Thanks 131 that sure looks like a strong move on the Dow!
  • #34,870
  • Mar 20, 2012 12:15am Mar 20, 2012 12:15am
Morning all. Just took a quick short on Aussie, 15 min chart below, taken on the red arrow candle after tweezer tops, taking half off at the trendline here and have moved stop quite tight to above last highs and the 35/50ema, so it's a free trade now. Nice start to the morning.
Edit: arrow not showing, entry was in the penultimate red candle
Attached Image (click to enlarge)
Click to Enlarge Name: aussie15min.gif Size: 20 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,871
  • Mar 20, 2012 12:18am Mar 20, 2012 12:18am
Quoting Trader131
Morning all. Just took a quick short on Aussie, 15 min chart below, taken on the red arrow candle after tweezer tops, taking half off at the trendline here and have moved stop quite tight to above last highs and the 35/50ema, so it's a free trade now. Nice start to the morning.
Edit: arrow not showing, entry was in the penultimate red candle
Nice start to the day! my thinking is bullish on EU but the ma's are a bit flat just now, might have a chance to play a bit of a range on the M15.
  • #34,872
  • Mar 20, 2012 12:26am Mar 20, 2012 12:26am
Yes, Euro could well be bullish today, looking at EURGBP's daily chart, there could be quite a move against the GBP- whether that means EUR strength or GBP weakness, I can't say, but it's worth considering.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpdaily.gif Size: 24 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,873
  • Mar 20, 2012 12:36am Mar 20, 2012 12:36am
am short cable here too, half way up wick of pin. Taking some more off Aussie at previous low
Attached Image (click to enlarge)
Click to Enlarge Name: cable15min.gif Size: 21 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,874
  • Mar 20, 2012 12:37am Mar 20, 2012 12:37am
Aussie chart
Attached Image (click to enlarge)
Click to Enlarge Name: aussie15min.gif Size: 20 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,875
  • Mar 20, 2012 12:41am Mar 20, 2012 12:41am
Monring all.

Watch area on GU. PPA line, bottom of chanel, 61.8% fib retracement, supply, monthly pivot etc etc
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 Mar. 20 07.38.jpg Size: 130 KB
  • #34,876
  • Mar 20, 2012 12:42am Mar 20, 2012 12:42am
Taking half off cable here
Attached Image (click to enlarge)
Click to Enlarge Name: cable15min.gif Size: 21 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,877
  • Mar 20, 2012 12:43am Mar 20, 2012 12:43am
Quoting Trader131
Aussie chart
Great trade that
  • #34,878
  • Mar 20, 2012 12:46am Mar 20, 2012 12:46am
Quoting Trotty
Great trade that
Thanks, Trotty, it was one of those trades- I'd only just woken up, quickly scanned the charts, saw it and thought oh yes..
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,879
  • Mar 20, 2012 12:50am Mar 20, 2012 12:50am
Quoting Trader131
Thanks, Trotty, it was one of those trades- I'd only just woken up, quickly scanned the charts, saw it and thought oh yes..
Can't fault that, over thinking things isn't always the best thing for your account!
  • #34,880
  • Mar 20, 2012 12:51am Mar 20, 2012 12:51am
Taken another 1/4 off cable here, time for some breakfast!
Attached Image (click to enlarge)
Click to Enlarge Name: cable15min.gif Size: 21 KB
There is no top. There are always further heights to reach. Jascha Heifetz
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