Trade what you see NOT what you expect | Page 1779 | Forex Factory

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Trade what you see NOT what you expect

  • #35,561
  • Apr 27, 2012 3:42am Apr 27, 2012 3:42am
Pisses me off when this happens! Definately sellers here. Makes me think I should widen my stops, but for my style of trading I find that difficult as I generally like to take early profits
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There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,562
  • Apr 27, 2012 8:30am Apr 27, 2012 8:30am
Guys, thanks for your replies. 131, I hope that you were able to switch sides on the GU and get some pips out of the move to the upside.

Notice this descending triangle on the EU Daily. We are fast approaching the top TL. Definitely worth keeping an eye on it.

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  • #35,563
  • Apr 27, 2012 9:03am Apr 27, 2012 9:03am
Quoting DharmaTrader
Guys, thanks for your replies. 131, I hope that you were able to switch sides on the GU and get some pips out of the move to the upside.

Notice this descending triangle on the EU Daily. We are fast approaching the top TL. Definitely worth keeping an eye on it.
No, I've been out, and missed the long completely. I see that line on the daily, also check out this channel on the weekly chart. Something to look out for next week.
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There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,564
  • Apr 30, 2012 1:14am Apr 30, 2012 1:14am
Morning all,

I'm working most of this week, so not going to get much trading done. Today's the last day of the month, so likely to be volatile, trade safe!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,565
  • Apr 30, 2012 11:35pm Apr 30, 2012 11:35pm
Man, the minute I placed my sell order on AU the pair droped 50pips, not bad for a 1 minute scalp
  • #35,566
  • May 1, 2012 6:06am May 1, 2012 6:06am
Quoting ForexForce
Man, the minute I placed my sell order on AU the pair droped 50pips, not bad for a 1 minute scalp
It could be always like that Really nice profit as for a scalping trade, congrats. Well done.
Create your future with MOON SHOT
  • #35,567
  • May 1, 2012 7:17am May 1, 2012 7:17am
Quoting turboonostri
It could be always like that Really nice profit as for a scalping trade, congrats. Well done.
Thanks man, but I just got lucky...entering seconds before news release
  • #35,568
  • May 1, 2012 9:39am May 1, 2012 9:39am
Missed the short at the Daily TL. Just took a quick long here based on 4H 50, Weekly PP, Daily S1, previous S/R area. May be worth a 38.2% retracement...

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  • #35,569
  • May 1, 2012 9:44am May 1, 2012 9:44am
1/2 off here at +10. S/L to B/E.
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  • #35,570
  • May 1, 2012 10:00am May 1, 2012 10:00am
Closed the rest here just before the hour due to shooting star.

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  • #35,571
  • May 1, 2012 10:01am May 1, 2012 10:01am
Short on GBP/JPY 1h 62MA touch + 15min shooting star, any thoughts?
  • #35,572
  • Edited 11:04am May 1, 2012 10:20am | Edited 11:04am
May have jumped the gun here but sold the GU 15M 2 bar retrace to the 50 and 50% Fib level. S/L just above the 61.8% level.

Update: Entered at the Green arrow and stopped out at the Red arrow. It seems I need to give the GU a bit more room to breathe...

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  • #35,573
  • May 2, 2012 9:39am May 2, 2012 9:39am
Quoting DharmaTrader
May have jumped the gun here but sold the GU 15M 2 bar retrace to the 50 and 50% Fib level. S/L just above the 61.8% level.

Update: Entered at the Green arrow and stopped out at the Red arrow. It seems I need to give the GU a bit more room to breathe...

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I'm not a big fan of trading bounces while the MA's are that flat, prefer to play the range
  • #35,574
  • May 3, 2012 2:56am May 3, 2012 2:56am
Morning guys,

Just checking in quickly as I've a mad week this week, no trading time, but just enough to look at the HTF's today, and have just seen this-Aussie daily. Pinbar yesterday off yellow trendline. 4hr looks ok and hourly too, so I'm long at 10299
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There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,575
  • May 3, 2012 7:41am May 3, 2012 7:41am
Took the EU long off the 4H support line and 1.3100 level @ 1.3107. Took half off at 1.3120. S/L just below the long wick.

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  • #35,576
  • May 3, 2012 7:53am May 3, 2012 7:53am
Would love to see a 15M/1H close above 1.3150.

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  • #35,577
  • May 3, 2012 8:02am May 3, 2012 8:02am
Also picked up a long off the 4H/Daily TL that 131 was looking at.

In @ 1.0285
SL @ 1.0265

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  • #35,578
  • May 3, 2012 8:27am May 3, 2012 8:27am
Closed my remaining half on the EU here. Was targeting the 1.3200 level which we may still see today but it's really stalling here at the Daily Pivot and the 1H 50/62.

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  • #35,579
  • May 3, 2012 8:44am May 3, 2012 8:44am
Thinking I should have dumped my AU long here when it retested the TL from the bottom. Need a close above the previous 15M pin or it's all over.

I probably need to focus on a single trade at a time. Was distracted with the EU long and didn't notice the AU really dropping. Live and learn.

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  • #35,580
  • May 3, 2012 9:14am May 3, 2012 9:14am
Had a 2nd chance to dump my AU long but didn't take it. Greed kills my friends. Stopped out... Need to work on my discipline as evidenced by this series of events.

We are coming up to major support on the AU around the 1.0250 area.

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