Trade what you see NOT what you expect | Page 119 | Forex Factory

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Trade what you see NOT what you expect

  • #2,361
  • Mar 16, 2009 2:07pm Mar 16, 2009 2:07pm
Quoting cisco
What I'm about to say is not meant to be bragging.

Since I took the trade off the h1 62 last night I'm up over 380 pips, and I'm quite sure I left a ton of pips on the table. I know for a fact that I haven't taken all the trades that were available because I was so cautious.

What I'm trying to say is, just using EO's playbook you can do quite well if you're patient.

Thanks EO


And it might be just me, but I don't think you've had to cross any parts of your anatomy to make those pips either...
  • #2,362
  • Mar 16, 2009 2:12pm Mar 16, 2009 2:12pm
Quoting cisco
What I'm about to say is not meant to be bragging.

Since I took the trade off the h1 62 last night I'm up over 380 pips, and I'm quite sure I left a ton of pips on the table. I know for a fact that I haven't taken all the trades that were available because I was so cautious.

What I'm trying to say is, just using EO's playbook you can do quite well if you're patient.

Thanks EO
Excellent job on the trading bro! Patience is the name of this game for sure. Like I said earlier, we can't move the market, but we can be in it when she moves.
Just digging in the trenches like everyone else!
  • #2,363
  • Mar 16, 2009 2:12pm Mar 16, 2009 2:12pm
Quoting nyjetfan


And it might be just me, but I don't think you've had to cross any parts of your anatomy to make those pips either...
You're right!

Believe me... both me and my girlfriend are grateful for that!
Hi, my name is Barry and you can keep your doctor...
  • #2,364
  • Mar 16, 2009 2:18pm Mar 16, 2009 2:18pm
I'm kind of looking for Friday's high to get taken out. How about you EO?
Hi, my name is Barry and you can keep your doctor...
  • #2,365
  • Mar 16, 2009 2:26pm Mar 16, 2009 2:26pm
Quoting cisco
I'm kind of looking for Friday's high to get taken out. How about you EO?
That's exactly what I'm looking at. Since my long was taken out at +3, I went back short at 4086.
Just digging in the trenches like everyone else!
  • #2,366
  • Mar 16, 2009 2:29pm Mar 16, 2009 2:29pm
Could you explain why you would reverse,so freely?

Is it the 10ema holding?

Thanks
  • #2,367
  • Mar 16, 2009 2:35pm Mar 16, 2009 2:35pm
Quoting FOURX
Could you explain why you would reverse,so freely?

Thanks
Sure, we're having a hard time breaking through the 15m 5/10. Also, the h1 was closed relatively flat. It definately did not take out the prior h1 candle. Look at the upper wicks on the 15m. Everytime she starts to go up, bang, she gets slapped. The bottom wick on the h4 needs filled and I wouldn't mind seeing it get filled in the next 30m.
Just digging in the trenches like everyone else!
  • #2,368
  • Mar 16, 2009 2:39pm Mar 16, 2009 2:39pm
Quoting FOURX
Could you explain why you would reverse,so freely?

Is it the 10ema holding?

Thanks
I don't know who you're addressing this question at, but I'll give it a stab.

Yes the 10 is holding. Also, the highs are getting lower. Plus for the last six hours we've been flirting with Friday's high. We come right down to it and bounce up. Those bounces are getting lower and lower, and, sooner or later any support or resistance will give way.

Then there's one more thing which sometimes can influence the pound. The Dow is sliding down toward the close. Profit taking is happening.
Hi, my name is Barry and you can keep your doctor...
  • #2,369
  • Mar 16, 2009 2:43pm Mar 16, 2009 2:43pm
Anybody considering a long at 4050?
Hi, my name is Barry and you can keep your doctor...
  • #2,370
  • Mar 16, 2009 2:43pm Mar 16, 2009 2:43pm
When taking the long off the previus pa candle such as the long you took that you just reversed. How do you determine when to take the long. Do you just watch the action and as the action slows and starts to turn back up you enter or is there a predetermined entry? Because the lower down on the wick you enter is prefered , but it also could continue down and take out the pa candle , which is close to happening now..

Thanks Ken
Good Trading To All ; Ken Lee
  • #2,371
  • Mar 16, 2009 2:44pm Mar 16, 2009 2:44pm
Quoting cisco
Anybody considering a long at 4050?
I am.
But I would prefer something around 4025.
  • #2,372
  • Mar 16, 2009 2:48pm Mar 16, 2009 2:48pm
thanks both!
  • #2,373
  • Mar 16, 2009 2:50pm Mar 16, 2009 2:50pm
What a f--k! They've been hunting for my stop. I had short from 4081, covered BE+10, and it's gone now.
Should take it at 4057.
  • #2,374
  • Mar 16, 2009 2:50pm Mar 16, 2009 2:50pm
Quoting Komissar
I am.
But I would prefer something around 4025.
I'd like to see it go to the h1 62. Don't know if it'll make it, though, any time soon. Maybe I'll get another shot at it in the Asian session.
Hi, my name is Barry and you can keep your doctor...
  • #2,375
  • Mar 16, 2009 3:20pm Mar 16, 2009 3:20pm
This is like watching paint dry! Boring as all get out! She needs to get her ass moving, one way or another.
Just digging in the trenches like everyone else!
  • #2,376
  • Mar 16, 2009 3:34pm Mar 16, 2009 3:34pm
I'm outta here guys. I'll be on tonight. All my positions are closed.
Just digging in the trenches like everyone else!
  • #2,377
  • Mar 16, 2009 3:35pm Mar 16, 2009 3:35pm
Quoting eohater
This is like watching paint dry! Boring as all get out! She needs to get her ass moving, one way or another.
Here's a suggestion. Move your sl to a manageable point and go buy the kids a dog!

Think of the smiles you'll put on their little faces.
Hi, my name is Barry and you can keep your doctor...
  • #2,378
  • Mar 16, 2009 3:45pm Mar 16, 2009 3:45pm
I'm short from 14081 on this candle..

anyone else shorting??

It,s so slow, gonna leave it running..come back later.
Flyin' by the seat of my pants.......Talk to me Goose.
  • #2,379
  • Mar 16, 2009 4:55pm Mar 16, 2009 4:55pm
Quoting eohater
Well, that trade didn't turn out like I wanted. +3 and now I'm back on the sides.
I hear ya bro... I managed to get 20 pips on part of that trade before lunch and +3 the the rest... I had a meeting that kept me out of the market since..
Patience + Discipline - Greed = Success
  • #2,380
  • Mar 16, 2009 5:41pm Mar 16, 2009 5:41pm
Looks like the 15m 35/50 cross is working it's magic.
Hi, my name is Barry and you can keep your doctor...
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