- Search Forex Factory
- eohater replied Mar 17, 2010
If you notice how price moves, it consolidates, breaks out, consolidates, breaks out. 99.9% of the time, she consolidates going into the US Session. This consolidation creates a range. This range can adjust as you see it continued to adjust down ...
Trade what you see NOT what you expect
- eohater replied Mar 17, 2010
Watch the red descending trendline, I was referring to the blue one earlier about being on top. You can also see the range defined..
Trade what you see NOT what you expect
- eohater replied Mar 17, 2010
No billions here! I wish someday.
Trade what you see NOT what you expect
- eohater replied Mar 17, 2010
BE CAREFUL of flat candles. Yes, you are correct. Sellers were in control, however, sellers were getting exhausted and closing out their candle at the same time. I recommend breathing when you see a flat candle close and find your HTF S/R and look ...
Trade what you see NOT what you expect
- eohater replied Mar 17, 2010
If your not already short, then it has to close below the range. Otherwsie, longs are still in play. For how long, I'm not sure. She's also on top of the m15 descending trendline from the top if you have one drawn on the wicks.
Trade what you see NOT what you expect
- eohater replied Mar 17, 2010
Eerie how price went right to 124.29 isn't it?
Trade what you see NOT what you expect
- eohater replied Mar 17, 2010
You should have went short. Not so much just for the hangingman, but also the flat close prior and the top of the am range before US Session breakout.
Trade what you see NOT what you expect
- eohater replied Mar 17, 2010
not providing a trade call, but if this m15 closes below 5315, we'll continue south to 521x.
Trade what you see NOT what you expect
- eohater replied Mar 17, 2010
Good to see! I know you understand my frustration as of late.
- eohater replied Mar 17, 2010
How about 5315 and 5350. She closes on the other side, she'll continue in said direction. Watch the top for sellers at 538x, we do have the h4 200 sitting right above this level at 5400.
Trade what you see NOT what you expect
- eohater replied Mar 17, 2010
OK, who has their range level on GU figured out? She's gonna break out here in the next half hour to 45m and I want to know who's watching their charts.
Trade what you see NOT what you expect
- eohater replied Mar 17, 2010
That's a nice TP, however, if we get there, we'll see a deeper price I believe.
Trade what you see NOT what you expect
- eohater replied Mar 17, 2010
My long was taken about 15m ago, after the m15 closed flat I entered the Pending Order at 30 with SL at 20. Remember, it had to go past 29 to continue south per the rule. Well, there's 2 ways to play that rule.
Trade what you see NOT what you expect
- eohater replied Mar 17, 2010
No brother, at this point, I'm not sure if she will continue south or not, she didn't clear 35 pips of the closed price yet. It went to the pip and bounced. Plus, the prior m15 candle was a flat close. I had my PO at 30, got filled long, booked 10 ...
Trade what you see NOT what you expect
- eohater replied Mar 17, 2010
Got my 10 pippers from my long at 30 on her, I'm covered on the long and I'm covered on my short. Who cares who wins now in my eyes.
Trade what you see NOT what you expect
- eohater replied Mar 17, 2010
Notice how price is stalling here at 124.29?
Trade what you see NOT what you expect
- eohater replied Mar 17, 2010
Candle that closed through the m15 35 closed at 124.64, less 35 pippers and you have the price of 124.29. When price hits here, she will continue to fall, however, buyers will be down into 124.3x area defending. Next stop on the short bus for EJ ...
Trade what you see NOT what you expect