Trade what you see NOT what you expect | Page 1826 | Forex Factory

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Trade what you see NOT what you expect

  • #36,501
  • Jul 2, 2012 8:10am Jul 2, 2012 8:10am
If these longs go up more, then fine, but I'm not expecting anything here- I'm covered, and my boy's are back from school so I'd better go and see them before they do any more damage!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,502
  • Jul 2, 2012 8:10am Jul 2, 2012 8:10am
Quoting Trader131
that 15min pin on Aussie was a good long up to your TL Dharma. I didn't take it as I was too busy with my other trades
Yeah, I should have closed out my remaining position when that 15M pin formed instead of waiting for it to tag my SL.

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  • #36,503
  • Jul 2, 2012 8:25am Jul 2, 2012 8:25am
Quoting SteeP7
i guess ill have to step out of my comfort zone start taking positions on the others
Hey, if the EU is working for you then stick with it. EO pretty much traded only the GU and the results speak for themselves...
  • #36,504
  • Edited 8:53am Jul 2, 2012 8:42am | Edited 8:53am
Got in on the EU long bus on the retracement back down to the 15M 200 SMA and the 1H 62EMA, following the reverse hangman. Also, London close at 11:30 ET can lead to a change of direction.

Attached Image (click to enlarge)
Click to Enlarge Name: EU2012-07-02_09-37.jpg Size: 120 KB


Update: Took 1/2 off at the 10 at 83 and SL to B/E on the position. No real clear direction today so playing it safe...

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  • #36,505
  • Jul 2, 2012 8:51am Jul 2, 2012 8:51am
Quoting DharmaTrader
Got in on the EU long bus on the retracement back down to the 15M 200 SMA and the 1H 62EMA, following the reverse hangman. Also, London close at 11:30 ET can lead to a change of direction.

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nice if it gets down there again i might join u if it hits my blue box ill be looking for quick short scalps
  • #36,506
  • Jul 2, 2012 10:29am Jul 2, 2012 10:29am
Closed out the remainder of my EU long a little before the highs at 89 (+12) at the Daily Pivot.

Took an AU short at 45 based on resistance at the 0250 level, the 15M pin, and the 4H pin/hangman-doji combo. Right now SL is just above the high of the 4H hangman-doji.

With the holiday in the US this week it seems like we will have a slow market once London closes. Will have to see how the NY close shapes up.

Attached Image (click to enlarge)
Click to Enlarge Name: AU2012-07-02_11-11.jpg Size: 186 KB
  • #36,507
  • Jul 2, 2012 11:20am Jul 2, 2012 11:20am
Closed out my AU short at B/E after this pin. There's just no movement with the holiday so I'd rather be on the sidelines.

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  • #36,508
  • Jul 2, 2012 11:41am Jul 2, 2012 11:41am
Quoting DharmaTrader
Closed out the remainder of my EU long a little before the highs at 89 (+12) at the Daily Pivot.

Took an AU short at 45 based on resistance at the 0250 level, the 15M pin, and the 4H pin/hangman-doji combo. Right now SL is just above the high of the 4H hangman-doji.

With the holiday in the US this week it seems like we will have a slow market once London closes. Will have to see how the NY close shapes up.

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nice exit i would have shorted that bounce off the 21 EMA but i fell asleep . wouldnt have made much anyways so w/e
  • #36,509
  • Jul 2, 2012 4:30pm Jul 2, 2012 4:30pm
Good trading people.

Had a rough spot this morning, sometimes the 1st trading day of the month is a dud.

Oh well....life moves on.


I'm long both EU and AU, right at 4hr support, she breaks there, then I will go short.

As far as the 3 pairs, I been watching them all for the past 3 months, it does give you more opportunities.

That pound she is a freaky girl, can flip on the dime.

She has been non-trending since the last crisis. So I'm wait until she breaks HTF lines.

HOLLA
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  • #36,510
  • Jul 3, 2012 1:06am Jul 3, 2012 1:06am
Morning all,
Went long on Euro at 80 with support below and around the 1hr62, also long on Aussie as the 35/50 ma's are holding and we're getting dojis and pinbars through them
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur15min.gif Size: 21 KB
Click to Enlarge Name: aussie15min.gif Size: 27 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,511
  • Jul 3, 2012 1:26am Jul 3, 2012 1:26am
Stopped out -9 on Aussie. Could have grabbed a quick 8 pips on euro, but held off- it's still holding above support for now
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,512
  • Jul 3, 2012 1:30am Jul 3, 2012 1:30am
Quoting Turtle
Good trading people.

Had a rough spot this morning, sometimes the 1st trading day of the month is a dud.

Oh well....life moves on.


I'm long both EU and AU, right at 4hr support, she breaks there, then I will go short.

As far as the 3 pairs, I been watching them all for the past 3 months, it does give you more opportunities.

That pound she is a freaky girl, can flip on the dime.

She has been non-trending since the last crisis. So I'm wait until she breaks HTF lines.

HOLLA
Hey Turtle,
Just looking at your charts, and wondering if there was a reason that you don't draw the fib from the top of the wick of the high, but yet connect it to the low of the wick of the low?
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,513
  • Jul 3, 2012 1:43am Jul 3, 2012 1:43am
Taken half off at 14pips profit on Euro- it's looking like I was faked out on the Aussie with a 35/50 cross and reverse
Attached Image (click to enlarge)
Click to Enlarge Name: eur15min1st tp.gif Size: 21 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,514
  • Jul 3, 2012 1:52am Jul 3, 2012 1:52am
And another 1/4 off near previous highs +23pips
Attached Image (click to enlarge)
Click to Enlarge Name: eur15min2ndtp.gif Size: 21 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,515
  • Jul 3, 2012 2:00am Jul 3, 2012 2:00am
1hr view
Attached Image (click to enlarge)
Click to Enlarge Name: eur1hr.gif Size: 21 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,516
  • Jul 3, 2012 4:37am Jul 3, 2012 4:37am
Trader131, did u take the trade cuz it looked like a reverse pinbar to u on m15?
  • #36,517
  • Jul 3, 2012 4:38am Jul 3, 2012 4:38am
Good catch 131, it's been so long that a trend has develop that I forgot to check.

Nice trading bro.

HOLLA
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  • #36,518
  • Jul 3, 2012 5:10am Jul 3, 2012 5:10am
holy crap what a slow day, im up .6 pips for the day
  • #36,519
  • Jul 3, 2012 5:20am Jul 3, 2012 5:20am
Quoting chiba_san
Trader131, did u take the trade cuz it looked like a reverse pinbar to u on m15?
I take it you're talking about the euro long- No, I took an early entry based on the previous candle not closing below the wick of the pin before it and we were at the previous lows. The inverted hangman was then formed and gave textbook confirmation for a trade, but I was in during the formation of this candle.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,520
  • Jul 3, 2012 5:42am Jul 3, 2012 5:42am
In a cable long, 1hr 62ema trade. Entry was in the wick of the doji/pin that closed above it. Entry below
Attached Image (click to enlarge)
Click to Enlarge Name: cable15min.gif Size: 19 KB
There is no top. There are always further heights to reach. Jascha Heifetz
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