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Trade what you see NOT what you expect

  • #36,601
  • Jul 18, 2012 8:59am Jul 18, 2012 8:59am
Stopped out BE on euro, but re-entered long again at the arrow. Covered that, and closing the rest up here before Bernanke speaks. Closing cable +43pips too.
15min euro and 1hr cable below
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euro15min.gif Size: 20 KB
Click to Enlarge Name: cable1hr.gif Size: 19 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,602
  • Jul 18, 2012 5:39pm Jul 18, 2012 5:39pm
I like what I see.........

A close above the weekly 61.8 Fibo and I see 1.0450.

HOLLA
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  • #36,603
  • Jul 18, 2012 6:19pm Jul 18, 2012 6:19pm
There may be some congestion ahead for AUDUSD bulls here

http://i46.tinypic.com/24zjc5c.gif

http://i50.tinypic.com/1ffj37.gif
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #36,604
  • Jul 18, 2012 7:43pm Jul 18, 2012 7:43pm
Quoting TooSlow
There may be some congestion ahead for AUDUSD bulls here

http://i46.tinypic.com/24zjc5c.gif

http://i50.tinypic.com/1ffj37.gif
You right, there's sellers sitting around 1.0400 - 1.0450.

But if she breaks that.......we sure will be going higher...

HOLLA
  • #36,605
  • Jul 19, 2012 2:25am Jul 19, 2012 2:25am
Looking good so far, Turtle. I put a long on Euro before breakfast, after a bullish close above the 50ema- nice to see it's popped up. Covered half +23, . Breaking out as I type. Taking another quarter off here, +38 leaving the rest to run with stop at BE +10 now
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur15min.gif Size: 21 KB
Click to Enlarge Name: euro15min1sttp.gif Size: 20 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,606
  • Jul 20, 2012 5:48pm Jul 20, 2012 5:48pm
Quoting Trader131
Looking good so far, Turtle. I put a long on Euro before breakfast, after a bullish close above the 50ema- nice to see it's popped up. Covered half +23, . Breaking out as I type. Taking another quarter off here, +38 leaving the rest to run with stop at BE +10 now
Nice 131...

I got beat up twice this week going long on EU. My mistake was using the hourly charts to trade off of. Oh well, lesson learned, blame the market..

Close AUDUSD long trade this morning @ 1.0400. I was looking for price to be heading above my weekly resistance @1.0450(purple line) when I woke up this morning.

Didn't like what I saw and went short @ 1.0399, with original s/l @ 1.0435.

S/l moved to BE to cover over the weekend.

TIME FOR HAPPY HOURS TO BEGIN......

HOLLA
Attached Image
  • #36,607
  • Jul 24, 2012 4:06pm Jul 24, 2012 4:06pm
Great short, Turtle, well done on reversing!

Sorry I've not been around- it's the school holidays- I'vegot my hands full for 6 weeks now! Here's what I'm looking at on the daily of Aussie- we're near the bottom of the channel- if that breaks, then you're in the money, but I'll be looking for PA to buy soon
Attached Image (click to enlarge)
Click to Enlarge Name: aussiedaily.gif Size: 32 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,608
  • Jul 24, 2012 6:05pm Jul 24, 2012 6:05pm
I'm watching closely also, will bail with a close above my 200 day MA, but your right if she breaks that 100 day MA and the bottom of last week's candle, 1.0150 would come up pretty quick...

HOLLA
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  • #36,609
  • Jul 25, 2012 2:20am Jul 25, 2012 2:20am
Took a long before breakfast on the Aussie after we had a strong rejection during the Asian session. Got in on a retrace of the 4 hr BUOB. Taking half off +36 pips, and SL to BE. 15 min entry and 1st TP below
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aussie15min.gif Size: 21 KB
Click to Enlarge Name: aussie15min1st tp.gif Size: 21 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,610
  • Jul 25, 2012 5:00pm Jul 25, 2012 5:00pm
I don't know about everyone else but I got my ass handed to me trying to short the top of today's surge.

Anyway I'm short for the rest of the week and see what it brings.
  • #36,611
  • Jul 26, 2012 4:48am Jul 26, 2012 4:48am
Quoting BenScoobert
I don't know about everyone else but I got my ass handed to me trying to short the top of today's surge.

Anyway I'm short for the rest of the week and see what it brings.
Hello Ben,
I think you mean you weren't shorting the top then! Yesterday was a bit of a reversal from a fakey- particularly clear on the US500 chart (after the fact of course..), see we have a double top then three bearish bars that break an established trendline- at this point pretty much everyone is short, and then the reversal bar takes us back up with a close above the TL- so an easy one to get caught out on. I don't think you're alone!
Attached Image
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,612
  • Jul 26, 2012 4:51am Jul 26, 2012 4:51am
Took a quarter off my Aussie long earlier up here at the weekly pivot for for +118 pips
Attached Image (click to enlarge)
Click to Enlarge Name: aussie15min2ndtp.gif Size: 29 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,613
  • Jul 26, 2012 4:57am Jul 26, 2012 4:57am
And here's a trade I took from this morning- A long on cable after this triple tweezer which turned out to be a quadruple tweezer! I like these trades because you know there's a definite line in the sand where the trade fails- very simple. Entry and 1st TP below
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable15min.gif Size: 18 KB
Click to Enlarge Name: cable15min1st tp.gif Size: 18 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,614
  • Jul 26, 2012 5:44am Jul 26, 2012 5:44am
Nice move up just happened, so taking another quarter off up here, pretty much +100 pips
Attached Image (click to enlarge)
Click to Enlarge Name: cable15min2ndtp.gif Size: 21 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,615
  • Jul 26, 2012 6:06am Jul 26, 2012 6:06am
nice trades 131 ur account must not know what to do with so many pips
  • #36,616
  • Jul 26, 2012 6:22am Jul 26, 2012 6:22am
Quoting SteeP7
nice trades 131 ur account must not know what to do with so many pips
Thanks, Steep- yes things have been good recently- but I have had more than my fair share in the school of hard knocks too!
Closing the last quarter of my Aussi long up here near recent highs, and due a retrace +182pips. 4hr chart below
Attached Image (click to enlarge)
Click to Enlarge Name: aussie 4hr.gif Size: 29 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,617
  • Jul 26, 2012 6:29am Jul 26, 2012 6:29am
I'd say the quadruple tweezers is a pretty strong signal, wouldn't you? Closing all out here on cable +155pips
Attached Image (click to enlarge)
Click to Enlarge Name: cable15min2.gif Size: 25 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,618
  • Jul 26, 2012 6:44am Jul 26, 2012 6:44am
Quoting Trader131
I'd say the quadruple tweezers is a pretty strong signal, wouldn't you? Closing all out here on cable +155pips
lol nice man you did like my whole monthly goal in a day, the three tweezers i think are a strong signal since the market was ranging when it happened, was your bias long before taking the trade or did you just enter because of the tweezers?
  • #36,619
  • Jul 26, 2012 7:32am Jul 26, 2012 7:32am
Quoting SteeP7
lol nice man you did like my whole monthly goal in a day, the three tweezers i think are a strong signal since the market was ranging when it happened, was your bias long before taking the trade or did you just enter because of the tweezers?
Yes, I was looking for longs at the time, as we were at the bottom of the 15min range and the daily chart suggested there were buyers here (look left)
Attached Image (click to enlarge)
Click to Enlarge Name: eurodaily.gif Size: 24 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,620
  • Jul 26, 2012 7:38am Jul 26, 2012 7:38am
Quoting Trader131
Thanks, Steep- yes things have been good recently- but I have had more than my fair share in the school of hard knocks too!
Closing the last quarter of my Aussi long up here near recent highs, and due a retrace +182pips. 4hr chart below
What's up 131,

Nice work on those longs! Way to keep that AU long overnight bro. Just woke up to see the huge Draghi sponsored move from a couple hours ago and had to come by to see how much you banked.

I'm still spending a bit of time in the school of hard knocks but learning every day, either about the markets or psychological lessons.

Keep up the good work.
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