Trade what you see NOT what you expect | Page 1818 | Forex Factory

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Trade what you see NOT what you expect

  • #36,341
  • Jun 21, 2012 7:58am Jun 21, 2012 7:58am
Thanks for the comments on my trade guys. As always, learning something more everyday.

Before reviewing the thread this morning the first thing I saw was that reverse hangman on the EU and I said, I'll bet 131 took that and grabbed a bunch of pips. Nice trading again today.
  • #36,342
  • Jun 21, 2012 10:05am Jun 21, 2012 10:05am
Took short on the GU on retrace back to the 15M 10EMA after break of low.

Covered at +17 at 50. S/L to B/E +1. Will most likely close out at the London close in 30 min depending on PA at that time.

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  • #36,343
  • Jun 21, 2012 10:19am Jun 21, 2012 10:19am
Went to take off another 1/4 here but accidentally closed out the remaining 1/2 so I'm out for 29 full pips.

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  • #36,344
  • Jun 21, 2012 4:30pm Jun 21, 2012 4:30pm
Quoting DharmaTrader
Thanks for the comments on my trade guys. As always, learning something more everyday.

Before reviewing the thread this morning the first thing I saw was that reverse hangman on the EU and I said, I'll bet 131 took that and grabbed a bunch of pips. Nice trading again today.
Haha, thanks!
Hey, nice catch getting in on the cable short of the 15min 10ma. Ok you didn't hold for all the move, but it was a great entry. Well done!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,345
  • Jun 21, 2012 5:04pm Jun 21, 2012 5:04pm
Quoting Trader131
Haha, thanks!
Hey, nice catch getting in on the cable short of the 15min 10ma. Ok you didn't hold for all the move, but it was a great entry. Well done!
Since I accidentally exited, I should have added that 1/2 back in on the retrace and rode it to the bottom. Oh well, there's another bus coming right around the corner.
  • #36,346
  • Jun 22, 2012 5:34am Jun 22, 2012 5:34am
Got in long on cable as the 4hr is still holding above that trendline. I was waiting for a decent entry after the pin formed on the 4hr. Then we had a bearish pin on the 1hr and price dropped through the ma's, and I thought I'd try a 35/50ma cross and reverse play (well it's more a range play really as the low of the range is here) Not an easy trade to take, but I entered straight after that long red candle closed through the ma's with a small wick at 95. Have just covered 1/2 +15 pips at the 35sma, and moved my SL to BE. 4hr and 15min charts of entry below
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Click to Enlarge Name: cable4hr.gif Size: 21 KB
Click to Enlarge Name: cable15min.gif Size: 20 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,347
  • Jun 22, 2012 6:03am Jun 22, 2012 6:03am
Just stopped out on that push down into the hourly close- might have moved my SL too soon, have to wait and see
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,348
  • Jun 22, 2012 8:10am Jun 22, 2012 8:10am
AU long here at 45.

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  • #36,349
  • Jun 22, 2012 8:37am Jun 22, 2012 8:37am
Closed out at +4. Unable to get above the 50EMA on the 4H and not liking all the wicks on the 15M. May look to reenter on a retracement.

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  • #36,350
  • Jun 22, 2012 9:01am Jun 22, 2012 9:01am
Yes, Aussie finding the 60 area tough. I went long on euro (also took a 2nd cable long earlier) as it's a bit clearer in terms of a breakout although has resitance in the 80area. Entry on euro below
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There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,351
  • Jun 22, 2012 9:09am Jun 22, 2012 9:09am
Taken 20 pips profit on half at this resistance
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Click to Enlarge Name: eur15min1st tp.gif Size: 23 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,352
  • Jun 22, 2012 9:10am Jun 22, 2012 9:10am
Yeah, AU was looking stronger when I entered but the EU really popped. I was thinking about entering the EU on the retracement to around the 50 area but didn't pull the trigger. Perhaps I'm thinking a little too much...

As you said the other day, I need to pull the trigger when I see a setup.
  • #36,353
  • Jun 22, 2012 9:17am Jun 22, 2012 9:17am
Quoting Trader131
Yes, Aussie finding the 60 area tough. I went long on euro (also took a 2nd cable long earlier) as it's a bit clearer in terms of a breakout although has resitance in the 80area. Entry on euro below
Let me see if I can guess where you took your 2nd cable long...

Big red candle failed to close below the bottom of the hammer/pin. Next bar started heading higher.
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  • #36,354
  • Jun 22, 2012 9:20am Jun 22, 2012 9:20am
Quoting DharmaTrader
Yeah, AU was looking stronger when I entered but the EU really popped. I was thinking about entering the EU on the retracement to around the 50 area but didn't pull the trigger. Perhaps I'm thinking a little too much...

As you said the other day, I need to pull the trigger when I see a setup.
Yes, but don't worry, it's not an easy entry. I didn't wait for the candle to close to confirm PA, ( if I had, I would have entered much higher) I just went with what I could see happening within the bars, that the 50 level, fast ma's and trendline was holding in the smaller TF's and just got in and followed the ride up. Closing the rest out +6b as I don't like the last 15min close for longs
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,355
  • Jun 22, 2012 9:25am Jun 22, 2012 9:25am
Quoting DharmaTrader
Let me see if I can guess where you took your 2nd cable long...
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Haha, no I wish... now that is an aggressive entry! I actually entered straight after the following bar closed a DBLHC, as we had had the ECB news. I took a screenshot of entry earlier and got 13 pips out it up to the 35/50 ma's
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There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,356
  • Jun 22, 2012 9:25am Jun 22, 2012 9:25am
Quoting Trader131
Yes, but don't worry, it's not an easy entry. I didn't wait for the candle to close to confirm PA, ( if I had, I would have entered much higher) I just went with what I could see happening within the bars, that the 50 level, fast ma's and trendline was holding in the smaller TF's and just got in and followed the ride up. Closing the rest out +6b as I don't like the last 15min close for longs
That's what I was seeing as well, just didn't execute. This is why I have the small 5M window. See how the 5M was showing that the 50 level was holding. Could have entered when the next 5M bar failed to go lower...
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  • #36,357
  • Jun 22, 2012 9:32am Jun 22, 2012 9:32am
AU just closed outside the 15M channel for today and back below S/R at 1.0040.

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  • #36,358
  • Jun 22, 2012 10:01am Jun 22, 2012 10:01am
US500 and AU going up/holding.

EU and GU going down.

Who's right?
  • #36,359
  • Jun 22, 2012 11:20am Jun 22, 2012 11:20am
This market is dead post London close.

Have a great weekend everyone.

  • #36,360
  • Jun 24, 2012 3:19pm Jun 24, 2012 3:19pm
Interesting week ahead. :nerd:

Hopefully we will break out of this consolidation.

HOLLA
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