Trade what you see NOT what you expect | Page 1773 | Forex Factory

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Trade what you see NOT what you expect

  • #35,441
  • Apr 23, 2012 7:45am Apr 23, 2012 7:45am
Aussie broken 1.03, but forming a base at this trendline
Attached Image (click to enlarge)
Click to Enlarge Name: aussie1hr.gif Size: 25 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,442
  • Apr 23, 2012 8:26am Apr 23, 2012 8:26am
Ok, the hourly closed more bearish than I would have liked, but I'm trying a scalping entry here in the wick near previous lows at 10283. Tight SL of 9 pips at 74.
Attached Image (click to enlarge)
Click to Enlarge Name: aussie15min.gif Size: 29 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,443
  • Apr 23, 2012 8:42am Apr 23, 2012 8:42am
Taking half profits (12 pips) at 21 ema (94)
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Click to Enlarge Name: aussie15min.gif Size: 29 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,444
  • Apr 23, 2012 9:19am Apr 23, 2012 9:19am
Missed my stop by a whisker, but I'm manually closing the rest here for -1 pips before my stop gets hit, as it looks like the bears have control again. That was a strong rejection off the 21ema
Attached Image (click to enlarge)
Click to Enlarge Name: aussie15min.gif Size: 24 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,445
  • Apr 23, 2012 9:28am Apr 23, 2012 9:28am
Crap, failed to reverse my long position on GU shooting star, could have grabed another ez 30 pips
  • #35,446
  • Apr 23, 2012 10:00am Apr 23, 2012 10:00am
Glad I closed Aussie early as my stop would have been hit, but she's shaping up for another long entry. This hourly close is a nice hammer, I'll be looking to enter in the wick
Attached Image (click to enlarge)
Click to Enlarge Name: aussie1hr.gif Size: 25 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,447
  • Apr 23, 2012 10:05am Apr 23, 2012 10:05am
Didn't retrace much, and I may be a little early to the party, but I'm in at 87
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,448
  • Apr 23, 2012 10:15am Apr 23, 2012 10:15am
Ok, momentum is gone, closing 1/2 at 92 for a measly 5 pips, as I think she might retrace deeper down the wick
Attached Image (click to enlarge)
Click to Enlarge Name: aussie15min.gif Size: 23 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,449
  • Apr 23, 2012 11:04am Apr 23, 2012 11:04am
Ok, she didn't retrace as much as I thought, but I'm closing another 1/4 here at the figure for 13 pips- it's a slow time of the day, so don't want to hold much now.
Attached Image (click to enlarge)
Click to Enlarge Name: aussie15min.gif Size: 23 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,450
  • Apr 23, 2012 11:06am Apr 23, 2012 11:06am
Sl to BE
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,451
  • Apr 23, 2012 3:57pm Apr 23, 2012 3:57pm
Closed last part out for 35 pips. We've retraced nearly 50% of the downmove.
Attached Image (click to enlarge)
Click to Enlarge Name: aussie15min.gif Size: 24 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,452
  • Apr 23, 2012 4:16pm Apr 23, 2012 4:16pm
I like to trade what I see and think sometimes it is the best to watch just candles formations.
Create your future with MOON SHOT
  • #35,453
  • Apr 23, 2012 5:01pm Apr 23, 2012 5:01pm
You are doing some good work here by continuing to post the setups you are taking and helping others to learn.

I've been looking at this thread/manual along with the Dance and Choros threads/manuals for a while. I've also gone back for the last couple of months and followed the entries and exits to help me see the trades as they developed. The active traders here seem to be nailing some really good entries and exits.

I have really learned a lot here regarding PA and looking at S/R levels. I had also gotten away from using Trendlines and Channels but now am starting to get them back on my charts especially the Daily/H4/H1 and it's so amazing how price reacts at those levels.

-Thanks
  • #35,454
  • Apr 24, 2012 1:02am Apr 24, 2012 1:02am
Quoting DharmaTrader
You are doing some good work here by continuing to post the setups you are taking and helping others to learn.

I've been looking at this thread/manual along with the Dance and Choros threads/manuals for a while. I've also gone back for the last couple of months and followed the entries and exits to help me see the trades as they developed. The active traders here seem to be nailing some really good entries and exits.

I have really learned a lot here regarding PA and looking at S/R levels. I had also gotten away from using Trendlines...
Morning all and welcome Dharma and Turbo. Dharma- it sounds like you're on the right path. Trendlines and channels are great visual aids. By applying them when possible, they not only help you spot entries , but they also help with the emotional side as you create boundaries within which to trade (eg, if the candle closes outside a channel, the trade is no longer valid so kill it, and it bacomes easier to do). My adcice to you would be to slowly read the thread from the beginning- I know it's long, but believe me, it's worth it
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,455
  • Apr 24, 2012 1:04am Apr 24, 2012 1:04am
Looks like I closed that Aussie long just in time...
Attached Image (click to enlarge)
Click to Enlarge Name: aussie15min.gif Size: 27 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,456
  • Apr 24, 2012 1:11am Apr 24, 2012 1:11am
Quoting Trader131
Looks like I closed that Aussie long just in time...
I'm long AU from .0267
  • #35,457
  • Apr 24, 2012 1:17am Apr 24, 2012 1:17am
Quoting 1pipperhour
I'm long AU from .0267
OK, your entry is a little late, as I see resistance at 70, and the 21ema. if it breaks that you'll be ok, but be careful
Attached Image (click to enlarge)
Click to Enlarge Name: aussie15min.gif Size: 27 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,458
  • Apr 24, 2012 1:35am Apr 24, 2012 1:35am
Quoting Trader131
OK, your entry is a little late, as I see resistance at 70, and the 21ema. if it breaks that you'll be ok, but be careful
Yep, i know i'm late but hourly and 15 min in my favor and 4h forming nicely. Worth a shot. Little less lot size than normally.
  • #35,459
  • Apr 24, 2012 1:46am Apr 24, 2012 1:46am
Ok, great. I think the daily is getting to an interesting area, as we approach previous lows and the top of the long downwards channel that broke a couple of weeks ago.
Attached Image (click to enlarge)
Click to Enlarge Name: aussiedaily.gif Size: 27 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,460
  • Apr 24, 2012 2:02am Apr 24, 2012 2:02am
Quoting 1pipperhour
I'm long AU from .0267
Closed some at 50ema and last swing high.
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