Trade what you see NOT what you expect | Page 1792 | Forex Factory

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Trade what you see NOT what you expect

  • #35,821
  • May 25, 2012 5:33am May 25, 2012 5:33am
Well I went out in the garden, and started to put together a flat packed bench that arrived yesterday. As is typical there weren't enough screws, so I came back in the house to dig in the toolbox, and couldn't resist looking at the screens... I added quickly back in on Aussie and entered a long on euro here off these 15 min chart screenshots I took. Nearly finished the bench, just fixing the seat. Entry on Euro was 83 and Aussie 80 - taking 1/2 profits right now on that last add in on Aussie +15 and +10 on Euro. Entry screenshots below
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur15min.gif Size: 22 KB
Click to Enlarge Name: aussie15min.gif Size: 20 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,822
  • May 25, 2012 5:37am May 25, 2012 5:37am
Sl's are below last 15min lows now, and I've moved my cable stop up too. If these round no's going it'll be a triple jackpot for me, if nor then I'm still net positive
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,823
  • May 25, 2012 5:40am May 25, 2012 5:40am
Looking at that entry chart, the euro entry was maybe a bit iffy very close to resistance. Note to self- Must not get carried away! It's a bit like the one Aussie long that Dharma tried last night and I was the one saying don't enter a trade without a decent tp in sight!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,824
  • May 25, 2012 5:46am May 25, 2012 5:46am
Quoting Trader131
Looking at that entry chart, the euro entry was maybe a bit iffy very close to resistance. Note to self- Must not get carried away! It's a bit like the one Aussie long that Dharma tried last night and I was the one saying don't enter a trade without a decent tp in sight!
Nothing much wrong with that Euro trade for me but only as a scalp entry. I wouldn't really be looking to hold for much there, just reading the charts....
  • #35,825
  • May 25, 2012 5:57am May 25, 2012 5:57am
Well yes, but there are better trades out there, and it was just under the 62ma. Anyway I got stopped out on the rest so net BE on that one. Still in Aussie and cable though.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,826
  • May 25, 2012 6:34am May 25, 2012 6:34am
Closing another 1/4 on cable here at 96 below the figure for +40 after the hangman formed against the 62ma (248 on 15- orange dashed line)
Attached Image (click to enlarge)
Click to Enlarge Name: cable15min.gif Size: 20 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,827
  • May 25, 2012 7:48am May 25, 2012 7:48am
Come in from the sun to see it's tin hat time for longs again! Stopped out on Aussie and cable longs for a few more positive pips. That exit above on the cable would have been a perfect time to reverse. I suppose I was developing a bias, but the signs were right there in the charts that a possible reversal was happening. Hangman on 15min against the 62ema and roung no. which then developed into a bearish pin on the hourly.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,828
  • May 25, 2012 7:51am May 25, 2012 7:51am
Quoting Trader131
Come in from the sun to see it's tin hat time for longs again! Stopped out on Aussie and cable longs for a few more positive pips. That exit above on the cable would have been a perfect time to reverse. I suppose I was developing a bias, but the signs were right there in the charts that a possible reversal was happening. Hangman on 15min against the 62ema and roung no. which then developed into a bearish pin on the hourly.
That's the trouble with stepping away from the charts. If you'd seen that pin form on the cable hour chart, no doubt you'd have acted on it.

Still could just be doing some of that revving up here though.
  • #35,829
  • May 25, 2012 8:02am May 25, 2012 8:02am
Yes things are pretty volatile right now. I think the drop was Euro based upon rumours of that catalonia going to central government for money
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,830
  • May 25, 2012 8:04am May 25, 2012 8:04am
Caused a pretty scary 4hr close on Euro
Attached Image (click to enlarge)
Click to Enlarge Name: eur4hr.gif Size: 20 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,831
  • May 25, 2012 10:06am May 25, 2012 10:06am
Good morning,

Nice discussion going on as usual and thanks for your input on my AU trade and general thoughts.

Price has now gone below the 4H hammer that Trotty pointed out. 2 hours on my feed to see if it will close below...

Attached Image (click to enlarge)
Click to Enlarge Name: GU2012-05-25_09-03.jpg Size: 164 KB
  • #35,832
  • May 25, 2012 10:23am May 25, 2012 10:23am
Quoting DharmaTrader
Good morning,

Nice discussion going on as usual and thanks for your input on my AU trade and general thoughts.

Price has now gone below the 4H hammer that Trotty pointed out. 2 hours on my feed to see if it will close below...

Attachment
Scale fix that m15 Cable chart - it will help you see things clearer.

Hey 131,

I tried to private message you re some LMAX questions if you don't mind - just so I don't clog up the thread with br0ker chat.. but you have PM turned off it seems?
Cap
  • #35,833
  • May 25, 2012 11:02am May 25, 2012 11:02am
Ok captain, I'm on it. Will post back here if I can't sort it out
Morning/afternoon Dharma. That 4 hr that just closed was still above support, mine closes in another hour- it may still close above as things are slowing down now.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,834
  • May 25, 2012 11:02am May 25, 2012 11:02am
Guys, hope you all have a great weekend.

The weather is set to be fine, fine, fiiiiine here so much beer will be drunk and barbecued food will be scoffed.

Cheers all!
  • #35,835
  • May 25, 2012 11:04am May 25, 2012 11:04am
Quoting The Captain
Scale fix that m15 Cable chart - it will help you see things clearer.
Ahh, that's better. I don't usually have a cable chart up but wanted to check out what Trotty was seeing. Thanks for the advice on fixing scale. I've got all my charts set up that way now and it helps.
  • #35,836
  • May 25, 2012 11:04am May 25, 2012 11:04am
Yes, Trotty the forecast is blue skies and sunshine Have a good one!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,837
  • May 25, 2012 11:06am May 25, 2012 11:06am
With London closed now and the holiday in the US on Monday and a lot of people taking this as a 4 day weekend, I doubt that we'll see much more activity today. I'll be out next week. Have a great weekend and week and rake in some pips for me.
  • #35,838
  • May 25, 2012 11:14am May 25, 2012 11:14am
You too Dharma, have a good one!

Captain, I've just been into my profile and added a few buddies, and I think I can now receive pm's as well. Can you resend that message again as it seems to have got lost in the ether?
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,839
  • May 27, 2012 3:20pm May 27, 2012 3:20pm
Captain, you've got mail! Sorry there are some typos as I wrote it quickly. I meant to say that the IB Armada markets are NOT FSA regulated, unlike LMAX. So your money's protected with LMAX.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,840
  • May 29, 2012 3:33am May 29, 2012 3:33am
Morning all. I was able to catch the long on Cable before work this morning, was a lovely clean setup.

Hope we're all making good pips!
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