Trade what you see NOT what you expect | Page 1745 | Forex Factory

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Trade what you see NOT what you expect

  • #34,881
  • Mar 20, 2012 2:59am Mar 20, 2012 2:59am
I'm still watching pa around this area, it's finding some support now but the push is fairly hard. LO now so will sit out for 15 or so. Enjoy breakie!
  • #34,882
  • Mar 20, 2012 3:27am Mar 20, 2012 3:27am
Back now, and taken profit here on all. Not bad for about 15 mins work!
Attached Image (click to enlarge)
Click to Enlarge Name: aussie15min.gif Size: 18 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,883
  • Mar 20, 2012 3:31am Mar 20, 2012 3:31am
cable chart, support here
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There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,884
  • Mar 20, 2012 3:43am Mar 20, 2012 3:43am
Quoting Trader131
Back now, and taken profit here on all. Not bad for about 15 mins work!Attachment
great start to your day mate, well worth getting up early for (I was up but walking the dog so I blame him for me missing the action!)
  • #34,885
  • Mar 20, 2012 3:54am Mar 20, 2012 3:54am
Great stuff guys!
  • #34,886
  • Mar 20, 2012 4:00am Mar 20, 2012 4:00am
Quoting lazyboy
Great stuff guys!
Morning lazyboy, any trades yet?

Noticed you're in Afghanistan. Are you an Afghan or a UK/US troop out there? (nosy so and so me!)
  • #34,887
  • Mar 20, 2012 4:04am Mar 20, 2012 4:04am
London open H1 candle looks bullish on cable
  • #34,888
  • Mar 20, 2012 4:15am Mar 20, 2012 4:15am
Quoting Trotty
great start to your day mate, well worth getting up early for (I was up but walking the dog so I blame him for me missing the action!)
That's an expensive dog...

Just back from school run( which can also be expensive!), glad I closed all positions earlier. Yes I agree 1hr bullish, but 15 min may give a valid short signal as well for a few pips- definately some sellers in the 70's
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Click to Enlarge Name: cable15min.gif Size: 21 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,889
  • Mar 20, 2012 4:29am Mar 20, 2012 4:29am
Quoting Trotty
Morning lazyboy, any trades yet?

Noticed you're in Afghanistan. Are you an Afghan or a UK/US troop out there? (nosy so and so me!)
Nothing yet here, not lining up yet for me.
  • #34,890
  • Mar 20, 2012 4:40am Mar 20, 2012 4:40am
Did anybody take this pin on Eurusd? I did, as I didn't quite get my short setup on cable saw the pin on euro, but bailed too early at the 10 level ahead of the figure as my broker had only put on a quarter position- I'd forgot to check the size before entering. Doh!
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
  • #34,891
  • Mar 20, 2012 4:44am Mar 20, 2012 4:44am
Quoting Trader131
Did anybody take this pin on Eurusd? I did, as I didn't quite get my short setup on cable saw the pin on euro, but bailed too early at the 10 level ahead of the figure as my broker had only put on a quarter position- I'd forgot to check the size before entering. Doh!
That was perfect well done, I missed it working
  • #34,892
  • Mar 20, 2012 5:23am Mar 20, 2012 5:23am
Just thinking aloud here, but this is one pin that I'm not going to take. Reasons against- well we've made a higher low on the 15min, 1 hr is finding support off the 50ma's, and also (this isn't eo's method) but we had an unusually high volume spike on the inverted hangman three candles back caused by news. I don't pay much attention to VSA, but this caught my attention. Plus it's getting into a slower time of the day now. Thoughts anyone?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd15min.gif Size: 21 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,893
  • Mar 20, 2012 5:34am Mar 20, 2012 5:34am
Anyone eyeing the long setup on EJ?
  • #34,894
  • Mar 20, 2012 5:36am Mar 20, 2012 5:36am
Quoting Trader131
Just thinking aloud here, but this is one pin that I'm not going to take. Reasons against- well we've made a higher low on the 15min, 1 hr is finding support off the 50ma's, and also (this isn't eo's method) but we had an unusually high volume spike on the inverted hangman three candles back caused by news. I don't pay much attention to VSA, but this caught my attention. Plus it's getting into a slower time of the day now. Thoughts anyone?
My thoughts are, I ignored that candle for exactly the reasons you stated (apart from the volume bit).

If anything, where it was, it was more an indication that it wants to go higher in my mind.
  • #34,895
  • Mar 20, 2012 5:42am Mar 20, 2012 5:42am
Quoting Trotty
My thoughts are, I ignored that candle for exactly the reasons you stated (apart from the volume bit).

If anything, where it was, it was more an indication that it wants to go higher in my mind.
Glad we're in agreement, Trotty. It's useful to think these things through when we "screen" these trades. As far as VSA goes, I hardly ever look at it- it's just that that spike was so big it jumped out of the screen and slapped my face!

Yes, I see EJ, but I'd be careful as it turned back sharpish from the 75 level on the hourly. Strong sellers up there.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,896
  • Mar 20, 2012 5:44am Mar 20, 2012 5:44am
Quoting Trader131
Glad we're in agreement, Trotty. It's useful to think these things through when we "screen" these trades. As far as VSA goes, I hardly ever look at it- it's just that that spike was so big it jumped out of the screen and slapped my face!

Yes, I see EJ, but I'd be careful as it turned back sharpish from the 75 level on the hourly. Strong sellers up there.
It did. I am in it though but just watching to see how it pans out. Would like a sharp move soon.

On GU, it was also a bullish close which is not so good and I don't really like pins in busy areas. Pins from significant areas where it's forming a new high/low for the recent action are the best.
  • #34,897
  • Mar 20, 2012 5:48am Mar 20, 2012 5:48am
I'm keeping out of trades at the moment- I've made more than enough pips for the day, and am not giving them back! Only taking really clear, solid setups for the rest of the day. Working on my discipline
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,898
  • Mar 20, 2012 6:17am Mar 20, 2012 6:17am
Quoting Trader131
I'm keeping out of trades at the moment- I've made more than enough pips for the day, and am not giving them back! Only taking really clear, solid setups for the rest of the day. Working on my discipline
Nothing wrong with that, we can't all trade like EO and most of us probably never will!

EJ trade was BE but I very nearly closed her out for about 1:0.8 as I could see she was going nowhere. Regrets, i've had a few.

I've also been stopped out on my EU trade from last week now which is a little annoying but overall, I shouldn't complain about that one.
  • #34,899
  • Mar 20, 2012 6:49am Mar 20, 2012 6:49am
Hey, BE is good, there's always another opportunity
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,900
  • Edited 7:24am Mar 20, 2012 7:23am | Edited 7:24am
trying longs here on cable and euro. dashed orange line is my 1hr62ema, brown line is 15min 200sma
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There is no top. There are always further heights to reach. Jascha Heifetz
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