Trade what you see NOT what you expect | Page 1753 | Forex Factory

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Trade what you see NOT what you expect

  • #35,041
  • Mar 22, 2012 8:20am Mar 22, 2012 8:20am
Quoting Trader131
Eurusd 4hr chart. Those tow 38.2 fibs from the recent move down and the daily move up seem to be holding- added a 1/4 position back on my short as 21ema on 15min holding too
Looks like everything is holding, just not seeing the momentum, that 38.2% Daily seems to holding things up for now.

HOLLA
  • #35,042
  • Mar 22, 2012 8:23am Mar 22, 2012 8:23am
SL to BE at 68 already- can always enter higher if she pops up from this line
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
  • #35,043
  • Mar 22, 2012 8:24am Mar 22, 2012 8:24am
Leaving SL on other soldier at 3216 for now
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,044
  • Mar 22, 2012 8:27am Mar 22, 2012 8:27am
Quoting Trader131
SL to BE at 68 already- can always enter higher if she pops up from this line
Good call, always seem to be a pop when NY opens.

HOLLA
  • #35,045
  • Mar 22, 2012 8:32am Mar 22, 2012 8:32am
Taking profit on half that latest soldier here at 45 (23pips) , as we've come a long way today already
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,046
  • Mar 22, 2012 8:40am Mar 22, 2012 8:40am
Need a bearish close to this 15min candle or else we may retrace higher up to the 50ma's (blue)
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
  • #35,047
  • Mar 22, 2012 8:43am Mar 22, 2012 8:43am
Quoting Trader131
Need a bearish close to this 15min candle or else we may retrace higher up to the 50ma's (blue)
True, but don't forget your 1HR candle closing soon and price below the 50% and 200 HR MA would be ideal.

HOLLA
  • #35,048
  • Mar 22, 2012 8:51am Mar 22, 2012 8:51am
Yes, Turtle, bigger picture is down, but I see buyers in that last 15min candle that closed- high volume at support, (potential double bottom as well) so think we may get some upward movement before further down
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
  • #35,049
  • Mar 22, 2012 8:53am Mar 22, 2012 8:53am
Quoting Trader131
Yes, Turtle, bigger picture is down, but I see buyers in that last 15min candle that closed- high volume at support, (potential double bottom as well) so think we may get some upward movement before further down
Well traded 131, still nothing doing for me today, EU hasn't got high enough for me to sell yet.
  • #35,050
  • Mar 22, 2012 8:53am Mar 22, 2012 8:53am
But higher timeframe usually trumps!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,051
  • Mar 22, 2012 8:57am Mar 22, 2012 8:57am
Quoting lazyboy
Well traded 131, still nothing doing for me today, EU hasn't got high enough for me to sell yet.
I'm in the same mode lazyboy, I wanted it up around 1.3180-90 area.

Well, I got one in this morning so I'm not complaining.

But like 131 said earlier, discipline and patience is required in this Forex game.

HOLLA
  • #35,052
  • Mar 22, 2012 8:58am Mar 22, 2012 8:58am
Quoting Trader131
But higher timeframe usually trumps!
It sure does and that's where everything sits on my 4HR.

HOLLA
  • #35,053
  • Mar 22, 2012 9:03am Mar 22, 2012 9:03am
Quoting lazyboy
Well traded 131, still nothing doing for me today, EU hasn't got high enough for me to sell yet.
Thanks Lazyboy. Very good discipline to wait until your criteria for a trade are met. I only entered a small position, seeing enough reasons to place a trade, and being prepared to add higher if necessary, but it worked out well.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,054
  • Mar 22, 2012 9:20am Mar 22, 2012 9:20am
There was a real battle going on on in that last 15min candle on euro. The 21 ema is holding back the bulls for now and support strong as well. There's been a lot of volume in this narrow price range below 66 too
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
  • #35,055
  • Mar 22, 2012 9:24am Mar 22, 2012 9:24am
Quoting Trader131
There was a real battle going on on in that last 15min candle on euro. The 21 ema is holding back the bulls for now and support strong as well. There's been a lot of volume in this narrow price range below 66 too
Yep a battle it is.

Aussie fell below 1.0350, a close below the 100 & 200 Day MA, could lead to further downside.

HOLLA
  • #35,056
  • Mar 22, 2012 9:29am Mar 22, 2012 9:29am
Aussie daily chart- one to think about.
Attached Image (click to enlarge)
Click to Enlarge Name: aussie daily.gif Size: 24 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,057
  • Mar 22, 2012 9:33am Mar 22, 2012 9:33am
But Turtle you are right it's broken some major support, just thinking out loud!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,058
  • Mar 22, 2012 9:34am Mar 22, 2012 9:34am
Here's what I see.

HOLLA
Attached Image
  • #35,059
  • Mar 22, 2012 9:35am Mar 22, 2012 9:35am
Quoting Trader131
But Turtle you are right it's broken some major support, just thinking out loud!
That's what we are here for, to share and learn. :nerd:

No problem at all thinking out loud, it helps us all.

HOLLA
  • #35,060
  • Mar 22, 2012 9:35am Mar 22, 2012 9:35am
BE stop just hit on that lasttrade I made, still got small position on from the top
There is no top. There are always further heights to reach. Jascha Heifetz
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