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Trade what you see NOT what you expect

  • #36,021
  • Jun 12, 2012 4:09am Jun 12, 2012 4:09am
forgot charts
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable15min.gif Size: 19 KB
Click to Enlarge Name: cable15min1st tp.gif Size: 19 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,022
  • Jun 12, 2012 4:17am Jun 12, 2012 4:17am
Hangman close on last 15min EU candle- careful with longs
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,023
  • Jun 12, 2012 4:22am Jun 12, 2012 4:22am
Quoting Trader131
Hangman close on last 15min EU candle- careful with longs
Thanks, I also currently looking for that one. I took a 9 pips scalp on EU around the time you enter on GU, the same pattern also occurred on EU.

I also have my eyes on AU, there is a chance for a short. Look at the two previous candle on M15, there is two upper tail stopped around the same level. If this candle close below those level, I might took a short.
  • #36,024
  • Jun 12, 2012 4:28am Jun 12, 2012 4:28am
Yes, I see that- and I also have resistance just above at .9926, but on the negatives- I have my daily pivot at .9910
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,025
  • Jun 12, 2012 4:29am Jun 12, 2012 4:29am
cutting the rest of my cable here +24pips
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,026
  • Jun 12, 2012 4:32am Jun 12, 2012 4:32am
Closed EU long, for massive 0.5 pips Lol. 9.5 pips on the bucket currently.
  • #36,027
  • Jun 12, 2012 4:35am Jun 12, 2012 4:35am
Always better to trade safe. I'm not qoing for the Aussie short, it may work well, but we are still making higher highs
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,028
  • Jun 12, 2012 4:57am Jun 12, 2012 4:57am
Quoting Trader131
Always better to trade safe. I'm not qoing for the Aussie short, it may work well, but we are still making higher highs
Must agree with you. Btw, be careful if you want to short EU. While those upper tail is tempting, I saw that EU hitting fib level and retract. After that she make a higher low and revisit the fib level, retract back but stopped by round numbers and still holding. My bias is still long on EU.
  • #36,029
  • Jun 12, 2012 5:11am Jun 12, 2012 5:11am
Yes, yesterday's daily candle might look like the mother of all bear candles, but in fact in terms of where we were before the gap- it's not much lower. In fact the 4hr chart has put in a higher high and now a higher low! (excuse all the TL's - their mostly from lower TF's that I haven't bothered removing- you should see my desk!)
Attached Image (click to enlarge)
Click to Enlarge Name: eur4hr.gif Size: 22 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,030
  • Jun 12, 2012 5:21am Jun 12, 2012 5:21am
Here's a long scalp I took off the 15min 10 ma not long after you were talking of a short! - the prior candle to entry crossed through the 10ma, touched the figure (0.9900) but closed above the ma. I entered shortly after at 08 and took 11 pips profit on half at the previous highs of 19, and as i type it's made it to the resistance I mentioned at 26 and being rejected, so taking some more off +16pips. Trading away from the ma's...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aussie15min.gif Size: 25 KB
Click to Enlarge Name: aussie15min2ndtp.gif Size: 24 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,031
  • Jun 12, 2012 5:24am Jun 12, 2012 5:24am
Same trade happened on Euro.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,032
  • Jun 12, 2012 5:27am Jun 12, 2012 5:27am
I reload my long on EU after GU makes a higher high, a bit higher than previous entry but I am more comfortable with this one. This trade is less risky than my previous entry after 1.25 proved to provide some support.

Now it's still in critical point, I'll post it after I could move my SL.
  • #36,033
  • Jun 12, 2012 5:30am Jun 12, 2012 5:30am
Quoting Trader131
Here's a long scalp I took off the 15min 10 ma not long after you were talking of a short! - the prior candle to entry crossed through the 10ma, touched the figure (0.9900) but closed above the ma. I entered shortly after at 08 and took 11 pips profit on half at the previous highs of 19, and as i type it's made it to the resistance I mentioned at 26 and being rejected, so taking some more off +16pips. Trading away from the ma's...
131
  • #36,034
  • Jun 12, 2012 5:32am Jun 12, 2012 5:32am
Quoting lazyboy
131

Hey Lazyboy, How's it going?
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,035
  • Jun 12, 2012 5:40am Jun 12, 2012 5:40am
Ok, obstacles in the way for longs on Euro and Aussie. With Euro we are currently just under the 1hr 50 ma's and 1hr 62ma, whilst on Aussie we are above them (better), but below major resistance at 26 (pregap) - if this gets broken (ie a close above) there should be a quick pop up to the 50 area. 1 hr charts below
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur1hr.gif Size: 21 KB
Click to Enlarge Name: aussie1hr.gif Size: 22 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,036
  • Jun 12, 2012 5:47am Jun 12, 2012 5:47am
Closed out the rest of my aussie long after that last 15min close
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,037
  • Jun 12, 2012 6:05am Jun 12, 2012 6:05am
Took a Euro short after the 15min pin through the 1hr 62 ema (dashed orange line) at 13 and it had also failed to close above previous wicks. Just covered half here at the figure +13 pips. SL to BE now, not risking anything
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur15min.gif Size: 19 KB
Click to Enlarge Name: eur15min1sttp.gif Size: 19 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,038
  • Jun 12, 2012 6:25am Jun 12, 2012 6:25am
Stopped out. Time for lunch
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,039
  • Jun 12, 2012 7:31am Jun 12, 2012 7:31am
Good morning, nice trading and discussion going on today...
  • #36,040
  • Jun 12, 2012 7:32am Jun 12, 2012 7:32am
Bit annoying about that stop out- I was stopped to the pip, and then it dropped another 30 pips.. Oh well.

I'm long on Euro and Aussie again. Entry on Euro was at 88 off near an early forming lower channel line that I drew parallel to the upper TL., in the wick of the previous hammer,and Aussie was a long off the figure/ 50ma's and 62ema. Eur entry below
There is no top. There are always further heights to reach. Jascha Heifetz
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