Trade what you see NOT what you expect | Page 137 | Forex Factory

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Trade what you see NOT what you expect

  • #2,721
  • Mar 18, 2009 8:02am Mar 18, 2009 8:02am
Quoting cisco
jetfan, I hope you didn't give up on your long too soon.
Unfortunately, I gave up on it at 3925, but hey I'd rather have 35 pips in my pocket and a little "confidence boost" in the bank. Guess I'm just not tough enough yet to cross the gonad and hang on...
  • #2,722
  • Mar 18, 2009 8:06am Mar 18, 2009 8:06am
I took a sell @ 3980...willing to add if it goes up to 4000....15m 62ema...1H 50.0 Fib...4H 5sma....
  • #2,723
  • Mar 18, 2009 8:11am Mar 18, 2009 8:11am
Quoting rt4x
I took a sell @ 3980...willing to add if it goes up to 4000....15m 62ema...1H 50.0 Fib...4H 5sma....
I got in at 3978. Anyone else on the bus yet, or are we alone on the short bus?
  • #2,724
  • Mar 18, 2009 8:13am Mar 18, 2009 8:13am
sold at 3981, stop at b/e +1 now. More interested in selling higher up though
  • #2,725
  • Mar 18, 2009 8:17am Mar 18, 2009 8:17am
Quoting ezodisy
sold at 3981, stop at b/e +1 now. More interested in selling higher up though
I agree....pulled +8 and waiting for a better seat
  • #2,726
  • Mar 18, 2009 8:17am Mar 18, 2009 8:17am
Quoting nyjetfan
I got in at 3978. Anyone else on the bus yet, or are we alone on the short bus?
Not quite yet. Sellers didn't exactly flood in. I think it's like Infinity said, sellers are waiting around 4000.
Hi, my name is Barry and you can keep your doctor...
  • #2,727
  • Mar 18, 2009 8:17am Mar 18, 2009 8:17am
Quoting nyjetfan
I got in at 3978. Anyone else on the bus yet, or are we alone on the short bus?
right here with ya
  • #2,728
  • Mar 18, 2009 8:21am Mar 18, 2009 8:21am
Good Morning or Afternoon all depending on where you are
  • #2,729
  • Mar 18, 2009 8:27am Mar 18, 2009 8:27am
question is can anyone beat eo's/infinity's sell price coming up?
  • #2,730
  • Mar 18, 2009 8:29am Mar 18, 2009 8:29am
Quoting cisco
Not quite yet. Sellers didn't exactly flood in. I think it's like Infinity said, sellers are waiting around 4000.
Infinity/Cisco/EO/anyone else who cares to chime in - Just curious, as you expect 4000 to give the downward selling reaction, so would you wait til 4000 to get in or will you judge by price action/activity as it approaches, or how would you play your entry into the market for this particular level?
  • #2,731
  • Mar 18, 2009 8:29am Mar 18, 2009 8:29am
Quoting ezodisy
question is can anyone beat eo's/infinity's sell price coming up?
Speaking of EO, seems odd he hasn't poked his head in here yet. After all this is *his* trading journal.
  • #2,732
  • Mar 18, 2009 8:34am Mar 18, 2009 8:34am
Quoting nyjetfan
Infinity/Cisco/EO/anyone else who cares to chime in - Just curious, as you expect 4000 to give the downward selling reaction, so would you wait til 4000 to get in or will you judge by price action/activity as it approaches, or how would you play your entry into the market for this particular level?
I can't speak for the good traders, but I'll give you my approach. I took a small short at 3993. If she goes up I'll add more. Otherwise I'll add on the way down on pullbacks.
Hi, my name is Barry and you can keep your doctor...
  • #2,733
  • Mar 18, 2009 8:35am Mar 18, 2009 8:35am
My 1H 62ema is sitting at 1.4109...waiting patiently
  • #2,734
  • Mar 18, 2009 8:36am Mar 18, 2009 8:36am
Quoting rt4x
My 1H 62ema is sitting at 1.4109...waiting patiently
yeah 15m is showing a lot of downward pressure I think
  • #2,735
  • Mar 18, 2009 8:37am Mar 18, 2009 8:37am
Quoting cisco
I can't speak for the good traders, but I'll give you my approach. I took a small short at 3993. If she goes up I'll add more. Otherwise I'll add on the way down on pullbacks.
Thanks Cisco, I still consider you one of the good traders who is a valuable contributor (at least from my viewpoint) to this thread. I really find value in your trading input/guidance/analysis, and even get a good laugh from you from time to time. Have to admit, the attitudes (or lack thereof) in this thread make it both educational, and enjoyable as we pass the time waiting for the next setup.

Now if I could only learn to get Infinity's entry prices.....
  • #2,736
  • Mar 18, 2009 8:39am Mar 18, 2009 8:39am
Quoting rt4x
My 1H 62ema is sitting at 1.4109...waiting patiently
Please tell me you meant 1.4009, otherwise we could be here awhile..
  • #2,737
  • Mar 18, 2009 8:41am Mar 18, 2009 8:41am
Quoting nyjetfan
Please tell me you meant 1.4009, otherwise we could be here awhile..
Oh my goodness....is age taking a toll on me??? YES 4009 !!!
Mothering four is KILLING ME

ps....it looks like much waiting now that it's going down
  • #2,738
  • Mar 18, 2009 8:41am Mar 18, 2009 8:41am
Quoting nyjetfan
Infinity/Cisco/EO/anyone else who cares to chime in - Just curious, as you expect 4000 to give the downward selling reaction, so would you wait til 4000 to get in or will you judge by price action/activity as it approaches, or how would you play your entry into the market for this particular level?
I had an order at 4000 but I was watching the pa and saw it was getting weaker as it approached this level... thus I took it manually at 90... took some profit at the 35sma and covered now...

Quoting ezodisy
question is can anyone beat eo's/infinity's sell price coming up?
I know of at least one person who got a better price already..
Patience + Discipline - Greed = Success
  • #2,739
  • Mar 18, 2009 8:41am Mar 18, 2009 8:41am
Quoting nyjetfan
Thanks Cisco, I still consider you one of the good traders who is a valuable contributor (at least from my viewpoint) to this thread. I really find value in your trading input/guidance/analysis, and even get a good laugh from you from time to time. Have to admit, the attitudes (or lack thereof) in this thread make it both educational, and enjoyable as we pass the time waiting for the next setup.

Now if I could only learn to get Infinity's entry prices.....
Thanks

I think getting good entry prices is a matter of experience and trust in the method.
Hi, my name is Barry and you can keep your doctor...
  • #2,740
  • Mar 18, 2009 8:44am Mar 18, 2009 8:44am
Quoting cisco
Thanks

I think getting good entry prices is a matter of experience and trust in the method.
Well while I may have "entry price envy", I'd give up the best entry by a few pips for consistent positive pips. So to me, first goal is to learn the methods and be able to consistently add pips to the bank, and then from there I can work to squeeze out a few extra pips with improved entries.
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