Trade what you see NOT what you expect | Page 60 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Why did you start trading and what do you expect from it? 19 replies

How soon after you put on a trade do you expect to be "in the money"? 28 replies

How do you see trading - Do you see it as a means to an end? 12 replies

how long do you expect to trade? 10 replies

Trade What You See And Not What You Hope 0 replies

Attachments: Trade what you see NOT what you expect
Exit Attachments

Trade what you see NOT what you expect

  • #1,181
  • Mar 6, 2009 8:56am Mar 6, 2009 8:56am
Quoting eohater
Good morning everyone! Just got long at 4249, my remaining shorts were closed out at +3.
Did you take that trade because of a bounce off the trendline, and it closing on the trendline with a small wick rather than piercing it?
  • #1,182
  • Mar 6, 2009 8:58am Mar 6, 2009 8:58am
Quoting daffy
Did you take that trade because of a bounce off the trendline, and it closing on the trendline with a small wick rather than piercing it?
I took it off the 15m 10. Thinking I should have closed out completely at 4300 though.
Just digging in the trenches like everyone else!
  • #1,183
  • Mar 6, 2009 9:04am Mar 6, 2009 9:04am
Quoting eohater
Exactly! If your not already in a trade, don't go try and find one right now. PA will be the leader. I have 2 shorts left open from 4280, covered at +3. I'll be back online shortly.
Hi eohater,

sometimes the wheel must be reinvented several times - there is no irony in this sentence . The title of your thread is the main philosophy of Vadym Graifer. I read his book "Techniques of Tape Reading" and "trade what you see not what you expect" is his central subject. By the way, tape reading is the concept he uses when trying to find out the "real dynamic" of the market, mainly price and volume. Indicators are ok but they are a sort of second order interpretation of the market movements. And as I can see in this but also in other forums most participants take tape reading in the sense of the old concept maily used in the stock market which is a great misunderstanding of what today could be interpreted as "tape reading". But this is another issue that would take a lot of information, experience, discussion.

He speaks of several stages that every trader must be take when becoming a trader: 1) the newer trader stage, 2) the developing one, 3) the striving stage (the most difficult) and 4) the reality trader. So I guess you want to become a "reality trader" in the sense of Graifer. I have read a lot of books but this one is one of the best I have ever read. So take a look at it if you have the time. Also there is in this Forum a link where you can find some info about Vadym Graifer:

http://www.forexfactory.com/showthre...t=46074&page=2

Good luck and all the best when trading - I hope we will meet some day both (and the other guys and gals of this thread of course) as "reality traders"

Because I am extrem busy trading I don't post a lot here in the ff (and in other forums). Kind regards, joh
  • #1,184
  • Mar 6, 2009 9:11am Mar 6, 2009 9:11am
Quoting johannnes
Hi eohater,

sometimes the wheel must be reinvented several times - there is no irony in this sentence . The title of your thread is the main philosophy of Vadym Graifer. I read his book "Techniques of Tape Reading" and "trade what you see not what you expect" is his central subject. By the way, tape reading is the concept he uses when trying to find out the "real dynamic" of the market, mainly price and volume. Indicators are ok but they are a sort of second order interpretation of the market movements. And as I can see in this but also...
Joh,

Thank you for your post! I'll check out the link. I've not heard or read his book before, but sounds like it could be worth looking into. As to the stages of a trader, I can see what he's talking about. I've fumbled around, made the mistakes, missed this bus and wished I had done that. I will not consider myself to be a successful trader until money is no longer an object for me, my family and anyone else I can take along for the ride. Trading is definately not for everyone, but with some basic rules and persistance, anyone can be successful at trading.

Good luck on your trades and feel free to stop by anytime!
EO
Just digging in the trenches like everyone else!
  • #1,185
  • Mar 6, 2009 9:21am Mar 6, 2009 9:21am
Hay Eo, if this gets down to 4210 area i am buying......bias is long for the next week unless we get a major drop today!
  • #1,186
  • Mar 6, 2009 9:24am Mar 6, 2009 9:24am
Quoting Shilva
Hay Eo, if this gets down to 4210 area i am buying......bias is long for the next week unless we get a major drop today!
That would be a cross of the 15m 50 for me. I'll buy there myself after the 15m candle closes.
Just digging in the trenches like everyone else!
  • #1,187
  • Mar 6, 2009 9:31am Mar 6, 2009 9:31am
Quoting Shilva
Hay Eo, if this gets down to 4210 area i am buying......bias is long for the next week unless we get a major drop today!
Here is the chart i am watching but trading off the 5m and expecting a spring rally in the Dow next week!
Attached Image (click to enlarge)
Click to Enlarge Name: mar 6th, 09.JPG Size: 106 KB
  • #1,188
  • Mar 6, 2009 9:50am Mar 6, 2009 9:50am
Quoting eohater
That would be a cross of the 15m 50 for me. I'll buy there myself after the 15m candle closes.
Looks like 1H 62EMA coming into play now. Let's see if she holds.
  • #1,189
  • Mar 6, 2009 9:55am Mar 6, 2009 9:55am
Last Friday, there was a massive spike on cable as traders took profit for the end of the month. This occurred at 4 PM, GMT. I'd lock in your profits, just in case they decide to do the same again.
  • #1,190
  • Mar 6, 2009 10:09am Mar 6, 2009 10:09am
She's sitting around a major support/resistance line, so is the Euro. Just about wiped out all longs from the Asia open, and put it back in the range!!!

Think I'm done for the week and will be back to battle on Sunday. :nerd:

Let the weekend begin....

HOLLA
  • #1,191
  • Mar 6, 2009 10:10am Mar 6, 2009 10:10am
Quoting Turtle
She's sitting around a major support/resistance line, so is the Euro. Just about wiped out all longs from the Asia open, and put it back in the range!!!

Think I'm done for the week and will be back to battle on Sunday. :nerd:

Let the weekend begin....

HOLLA
have a good one, get 'em sparked
please DON'T copy my trades I am still learning
  • #1,192
  • Mar 6, 2009 10:14am Mar 6, 2009 10:14am
Quoting ezmystic
have a good one, get 'em sparked
You know I will.......

HOLLA
  • #1,193
  • Mar 6, 2009 10:19am Mar 6, 2009 10:19am
Quoting Turtle
She's sitting around a major support/resistance line, so is the Euro. Just about wiped out all longs from the Asia open, and put it back in the range!!!

Think I'm done for the week and will be back to battle on Sunday. :nerd:

Let the weekend begin....

HOLLA
I hear that bro! I have'nt opened a trade since the start of the US session but I got some good pips during Asia and London.. I'm done for the week myself....

I wish for everyone a great weekend!!
Patience + Discipline - Greed = Success
  • #1,194
  • Mar 6, 2009 10:25am Mar 6, 2009 10:25am
Quoting Infinity
I hear that bro! I have'nt opened a trade since the start of the US session but I got some good pips during Asia and London.. I'm done for the week myself....

I wish for everyone a great weekend!!
I hear ya bro.......

I woke up at 10am, because of NFP Friday.

Did take a quick short, grab some pips and now flat.

Have a great weekend yourself!!!

HOLLA
  • #1,195
  • Mar 6, 2009 10:36am Mar 6, 2009 10:36am
I did not buy this till 4150 area...good thing i use stops!
  • #1,196
  • Mar 6, 2009 10:37am Mar 6, 2009 10:37am
Wow! I run to the store, do some errands and I find the bottom fell out. The amazing Friday London fix!

Time to grab a long seat, me thinks.
Hi, my name is Barry and you can keep your doctor...
  • #1,197
  • Mar 6, 2009 10:37am Mar 6, 2009 10:37am
Quoting Shilva
I did not buy this till 4150 area...good thing i use stops!
I bought after the cross of the 15m 50ema and close and got Stopped out the quickest ever. Started buying again at 4090.
Just digging in the trenches like everyone else!
  • #1,198
  • Mar 6, 2009 10:45am Mar 6, 2009 10:45am
yo eo, BEAAAAAARRRRRRR PARTYYYYYYYYYYY. Good thing my buy button's still broken
All I need now is for dragon to roll over & die. That beast is one tough mofo. I need to short the livin' crap out of him!

Trade safe you guys. And eo, keep those green you hear
Cheers.
Thank You
  • #1,199
  • Mar 6, 2009 10:47am Mar 6, 2009 10:47am
Quoting cisco
Wow! I run to the store, do some errands and I find the bottom fell out. The amazing Friday London fix!

Time to grab a long seat, me thinks.
I think this was the swan you were hunting for yesterday...
  • #1,200
  • Mar 6, 2009 10:53am Mar 6, 2009 10:53am
Quoting nyjetfan
I think this was the swan you were hunting for yesterday...
That swan flew off without me. I was flat while I was gone.

I don't know if it was really the swan or just London traders calling it a week. Either way, there were probably a lot of unsuspecting traders that got their stops triggered.
Hi, my name is Barry and you can keep your doctor...
34 traders viewing now