Trade what you see NOT what you expect | Page 1823 | Forex Factory

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Trade what you see NOT what you expect

  • #36,441
  • Jun 29, 2012 12:49am Jun 29, 2012 12:49am
Makes you wonder did this EU summit change history or are they "kickin" the can down the road.

All I know is.......come Nov-Dec the joint will be jumpin.

HOLLA
  • #36,442
  • Jun 29, 2012 4:20am Jun 29, 2012 4:20am
Morning all,
Yes, big reaction to the news, I've been out sorting the car this morning, but it loooks like I've only missed some consolidation after the move. I'm looking to get in on the long bus though, looking at cable as it's had the best retracement so far, on the 38 fib and round no. as I type. I could take an early entry here mmm.. Euro is in a flag, so watching that too, and the last hourly close was bullish
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,443
  • Jun 29, 2012 4:36am Jun 29, 2012 4:36am
BOE King speaking (bound to push it down!) so waiting for the dust to settle
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,444
  • Jun 29, 2012 4:50am Jun 29, 2012 4:50am
That pin on the 4hr concerns me with cable, and I think I might be backing the wrong horse, but that said, a setup has come along -the 35/50 reverse, so I've taken it. Using eo's recommended stop of 35pips as well (but still 1%risk)
Attached Image (click to enlarge)
Click to Enlarge Name: cable15min.gif Size: 18 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,445
  • Jun 29, 2012 5:44am Jun 29, 2012 5:44am
Taken half off at 19 pips profit on this one here. It's not a 1:1 R;R on this 35/50 cross and reverse- you have to grab what you can and get covered! Covering her at resistance/round no.
Attached Image (click to enlarge)
Click to Enlarge Name: cable15min1st tp.gif Size: 19 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,446
  • Jun 29, 2012 6:36am Jun 29, 2012 6:36am
Quoting Trader131
Taken half off at 19 pips profit on this one here. It's not a 1:1 R;R on this 35/50 cross and reverse- you have to grab what you can and get covered! Covering her at resistance/round no.
I hear ya bro, I got Aussie and Euro long, did try a long on cable earlier but like the true pair that she is, got stopped out and now she is back to my entry point.

HOLLA
Attached Images
  • #36,447
  • Jun 29, 2012 7:02am Jun 29, 2012 7:02am
Nice one Turtle. Hope you covered some on those. I missed taking more profit on cable at the former highs of 1.2625 ish- could have made 45 odd pips, now she may be forming a H+S, moving SL to +10 (90) just in case. Euro and Aussie look strong though, so that should help.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,448
  • Jun 29, 2012 7:02am Jun 29, 2012 7:02am
cable 15min chart
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
  • #36,449
  • Jun 29, 2012 7:20am Jun 29, 2012 7:20am
Added back in on cable following that inverted hangamn on support. No time to post entry, but held through last high, will TP a bit higher
Attached Image (click to enlarge)
Click to Enlarge Name: cable15min2.gif Size: 20 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,450
  • Jun 29, 2012 7:22am Jun 29, 2012 7:22am
Covered half of new position +28 pips
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,451
  • Jun 29, 2012 7:32am Jun 29, 2012 7:32am
Now that's what I call a quick trade! The inverted hangman can be a great trade. Closing the new trade here +48 pips and still got the first position open from 1.5580
Attached Image (click to enlarge)
Click to Enlarge Name: cable15min2.gif Size: 20 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,452
  • Jun 29, 2012 7:50am Jun 29, 2012 7:50am
Can't resist taking a quarter off the first position here at the highs, +97pips. Will leave a quarter to run from the bottom- I'm an intraday trader at heart, so hate to leave any profit on the table
Attached Image (click to enlarge)
Click to Enlarge Name: cable15min2nd tp.gif Size: 19 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,453
  • Jun 29, 2012 7:58am Jun 29, 2012 7:58am
Congrats, Turtle- your trades are looking v.nice..
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,454
  • Jun 29, 2012 8:47am Jun 29, 2012 8:47am
Nice trades today guys. I was short the EU when that move hit but had a good stop in place so no worries.

Took this EU short a few min ago at 80 after the 5M doji/hangman and with the 15M showing many wicks near resistance and the 1.27 figure. Took half off at 69 for +11 and have stop just above my entry. We'll either get a bigger retracement here or not but my position is covered either way.

Attached Image (click to enlarge)
Click to Enlarge Name: EU2012-06-29_07-32.jpg Size: 74 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EU2012-06-29_07-39.jpg Size: 72 KB
  • #36,455
  • Jun 29, 2012 8:55am Jun 29, 2012 8:55am
Well done on getting covered, Dharma. It's come a long way, looks good for a few pips, but I've a feeling we're not going to get a big retracement on this one, so grab what you can, CT. The 15min 10ma is a good place to take some more off. This is a massive move, and it's Friday, and the end on the month, so who knows? But as long as you're covered you're fine
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,456
  • Jun 29, 2012 8:57am Jun 29, 2012 8:57am
I'm finished for the day and the month. Don't want to end on a bum note!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,457
  • Jun 29, 2012 9:08am Jun 29, 2012 9:08am
Quoting Trader131
Well done on getting covered, Dharma. It's come a long way, looks good for a few pips, but I've a feeling we're not going to get a big retracement on this one, so grab what you can, CT. The 15min 10ma is a good place to take some more off. This is a massive move, and it's Friday, and the end on the month, so who knows? But as long as you're covered you're fine
Ended up closing the rest after the 15M hammer/doji. I was eyeing the 10ema but it didn't quite get there...

Attached Image (click to enlarge)
Click to Enlarge Name: EU2012-06-29_08-05.jpg Size: 72 KB
  • #36,458
  • Jun 29, 2012 9:09am Jun 29, 2012 9:09am
Quoting Trader131
I'm finished for the day and the month. Don't want to end on a bum note!
Nice job this month! Enjoy the weekend.
  • #36,459
  • Jun 29, 2012 9:14am Jun 29, 2012 9:14am
Quoting DharmaTrader
Nice job this month! Enjoy the weekend.
Thanks, better to be in cash now at this time on a Friday. Have a good weekend!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,460
  • Jun 29, 2012 10:53am Jun 29, 2012 10:53am
Quoting Trader131
Congrats, Turtle- your trades are looking v.nice..
Just walked back in the door from cutting grass.......SWEET!!!

Supoose to reach triple digits for the next 4 days.

Time to cover and head to lunch.

Nice trading all.......

HOLLA
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